| Information | |
|---|---|
| has gloss | eng: A family office is a private company that manages investments and trusts for a single wealthy family. The companys financial capital is the familys own wealth, often accumulated over many family generations. Traditional family offices provide personal services such as managing household staff and making travel arrangements. Other services typically handled by the traditional family office include property management, day-to-day accounting and payroll activities, and management of legal affairs. A family office can cost over $1 million to operate, so the family's net worth usually exceeds $100 million. Recently, some family offices have accepted non-family members. |
| lexicalization | eng: family office |
| instance of | e/Financial services |
| Meaning | |
|---|---|
| German | |
| has gloss | deu: Der aus dem angelsächsischen Raum stammende Begriff Family Office bezeichnet Organisationsformen und Dienstleistungen, welche sich mit der Verwaltung privater Großvermögen befassen. Als Organisationsformen stehen dabei entweder familieneigene Gesellschaften, in der das Familienvermögen gebündelt wird, oder Gesellschaften bzw. Abteilungen von Banken, die Finanzdienstleistungen für diese Kundengruppe erbringen, zur Verfügung. |
| lexicalization | deu: Family Office |
| lexicalization | deu: Family-Office |
| French | |
| lexicalization | fra: family office |
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