Glossary
- Asset allocation
- Unbiased investment advice
- Private wealth manager
- Private Investment Office (PIO)
- Philanthropy
- Outsourced Chief Investment Officer
- Multi-generational wealth management
- Multi-Family Office (MFO)
- Manager of Managers
- Investment stewardship
- Investment management selection
- Institutional investment office
- Funds of funds
- Family office investments
- Family Investment Office
- Family Office
- Charitable endowment
- Wealth stewardship
Family Office
A single family office is a private corporate or partnership structure created by one family to serve the members of that family. Their specific design and activities vary widely and this can be influenced by the level of wealth, the complexity of the family and the services that they require as well as the range of assets being managed. A Family Office can include activities such as philanthropic support, financial, legal and tax advice, administrative, secretarial and concierge services and travel.
Whilst Lord North Street focuses primarily on providing investment services and advice to families, it looks after several very wealthy families and other legal entities and so does not fall into this narrower definition.