Family office: Difference between revisions
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Investors are generally diverse, and different people to the investment managers, and for everyone’s peace of mind there are {{strike|rentseekers|agents}} employed make sure things are done properly. Custodians, depositaries, fund administrator types who can supervise [[subscription]]s and [[redemption]]s, manage account movements and calculate [[NAV]]s; all of whom will be distinct from the investment manager and for that matter the fund directors themselves, each of whom will likely have compliance and operations teams, to ensure everything is done as it is meant to be, and that the auditor can easily sign off the accounts. | Investors are generally diverse, and different people to the investment managers, and for everyone’s peace of mind there are {{strike|rentseekers|agents}} employed make sure things are done properly. Custodians, depositaries, fund administrator types who can supervise [[subscription]]s and [[redemption]]s, manage account movements and calculate [[NAV]]s; all of whom will be distinct from the investment manager and for that matter the fund directors themselves, each of whom will likely have compliance and operations teams, to ensure everything is done as it is meant to be, and that the auditor can easily sign off the accounts. | ||
A family office is a [[Special purpose vehicle|vehicle]] established by | A family office is a [[Special purpose vehicle|vehicle]] established by an [[ultra high net worth]] investor to manage her own, her family’s and, on occasion, her friends’ unfathomably huge stacks of money. How the other half lives, huh? | ||
These people move in circles mere mortals cannot imagine: they have enough dough to employ their own financial wizards to work it to their great advantage. Sure enough, like gulls around a seaside chippie, the [[rentsmith]]s soon arrive: an office manager, some [[operations]] people, a [[general counsel]], and before you know it they are have a full-scale para-military organisation. | These people move in circles mere mortals cannot imagine: they have enough dough to employ their own financial wizards to work it to their great advantage. Sure enough, like gulls around a seaside chippie, the [[rentsmith]]s soon arrive: an office manager, some [[operations]] people, a [[general counsel]], and before you know it they are have a full-scale para-military organisation. | ||