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Blissfully unaware: single family offices living in operational la-la land
The International Family Offices Journal
Vol. 1 - Iss. 1 pp. 26–28
Sep 2016
In the United States and many other jurisdictions, single family offices (SFOs) are largely unregulated entities. While multi-family offices are properly considered fiduciary financial advisers and usually regulated accordingly, SFOs - which are able to choose (or not choose) to register as financial adviser professionals serving the public - may be subject to the regulations of a private trust company or may simply be unregistered.