Article
Source: Haute Lawyer
Article
01.02.25
Single family offices manage wealth with minimal regulatory oversight due to the “Family Office Rule” under the Investment Advisers Act of 1940, which exempts them from Securities & Exchange Commission registration if they serve only family members and are family controlled.
A recent article authored by Private Client & Family Office partner Mike Kosnitzky highlights that certain activities such as sharing employees or co-investing could trigger SEC registration requirements. Moreover, Kosnitzky underscores that as family offices expand, they are likely to encounter increasing scrutiny and legal complexities, especially in light of evolving regulations.
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