What is a family office, explained by HSBC exec Carly Doshi

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. Read the full article here.
  • The 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 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 to me," Doshi told us in a recent interview. 

Read full article here

More from Business Insider
here." />