What is The Definition of Family Offices?
The Family Office is a privately held asset management consulting firm that supports High Return Investors (UHNW). They differ from traditional wealth management companies in that they offer a complete outsourcing solution to manage the financial and investment aspects of wealthy individuals or families. For example, many family offices offer budgets, insurance, charitable donations, family businesses, inheritance transfers, and taxes.
- A family office is a comprehensive personal wealth management service that serves only one or a few very wealthy families.
- In addition to financial services, the family office offers planning, welfare counseling, concierge and other comprehensive services.
- Single family offices serve individuals and their families, while multiple family offices support multiple families that benefit from the economy.
Literal Meanings of Family Offices
Meanings of Family:
One or more parents and a group of their children live together as a unit.
They all come from a common ancestor.
There are many things involved.
Designed for kids and adults.
Sentences of Family
This family is a big house with a lot of land
The house has been in the same family for 300 years
All the manuscripts that distribute these letters form a family.
Synonyms of Family
birth, stock, pedigree, genealogy, descent, strain, family tree, ancestry, derivation, background, lineage, race, breed, ménage, line of descent, household, bloodline, parentage, line, blood, extraction
Meanings of Offices:
A room, a series of rooms or buildings used for commercial, professional or bureaucratic purposes.
Authority or service positions, usually public
A service provided to or for someone else.
A series of daily prayers and psalms (or songs) by Catholic priests, members of the Order, and other members of the clergy. A service is arranged daily in the office.
The part of the house dedicated to housework or storage.
Sentences of Offices
Office of the Chief of Police
For centuries, this office has been guarded not only by priests, monks and nuns.
Synonyms of Offices
assistance, support, capacity, mediation, job, workplace, station, role, function, aid, occupation, post, agency, aegis, intervention, place of work, situation, advocacy, help, intermediation, workroom