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Family office

Noun

Definitions

1.NounA business whose function is to centralize the asset management of a large family fortune (wealth held by a family).

"As the company has been growing so noticeably in recent years, it has been taking calls from family offices looking for investment opportunities."

Synonyms

private banking private-equity fund investment management sovereign wealth fund family business high-net-worth individual fiduciary management financial endowment global assets under management assets under management publicly traded private equity portfolio manager

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