KEY TAKEAWAYS Family offices provide a broad spectrum of private wealth management services to one or a small number of ultra-high-net-worth families. Besides financial services, family offices can provide various kinds of planning, charitable giving advice, concierge services, and other comprehensive services. An important responsibility a family office has is to educate next generations in […]
The term “Family client“ means a current or former family member or Key Employee; any non-profit organization, charitable trust (including charitable lead trusts and charitable remainder trusts whose only current beneficiaries are other Family Clients and charitable or non-profit organizations), or other charitable organization, in each case exclusively funded by one or more other Family Clients; […]