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For those who don't know, a Family Office is "a privately held company that handles investment management and wealth management for a wealthy family, generally
by raverbashing 6y ago
For those who don't know, a Family Office is "a privately held company that handles investment management and wealth management for a wealthy family, generally one with over $100 million in investable assets" (as per Wikipedia) relating to the Nintendo Founder family
- redis_mlc 6y agoFamily offices are controversial at the moment in the US because they can be as large as a hedge fund, yet have no regulation. There was a recent meltdown at Archegos that cost institutions several billion dollars involving a family office: https://www.reuters.com/article/us-usa-markets-blocktrades-regulation-an/analysis-archegos-meltdown-set-to-intensify-shadow-banking-regulatory-scrutiny-idUSKBN2BM33K https://www.reuters.com/article/us-usa-markets-blocktrades-r... They're also a good gig if you're a CPA and one of your clients becomes a whale, which means you can work that one account and don't need to service 1,000+ little accounts annually. (My CPA/EA got "difficult", so I dumped her and just do it myself now. Cheaper, faster and less headaches.)