Family offices are gaining visibility, but remain tricky to define. Here’s how an HSBC private bank exec explains the term to ultra-rich clients.
|11/28/2019||Posted by BusinessMediaguide.Com under General World News||
- The family office space isn’t well understood, particularly for a segment that’s grown in visibility in recent years.
- The US Securities and Exchange Commission defines a family office as entities affluent families establish to manage their wealth and provide services like tax and estate planning to family members.
- Carly Doshi, the head of philanthropy and family office governance at HSBC’s private bank for the Americas, spoke with us about family offices and how she’s advising her client base.
- “It’s almost meaningless for me to tell you — ‘this is what a family office does.’ It’s more important for you to come back read more >>>