General World News

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.

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  • 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 >>>

    Source:: BusinessInsider.Com