Media Coverage
Source: Barrons
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Thomas
02.27.25
As numerous ultra-wealthy investors manage their finances through single-family offices, many are eagerly anticipating policy clarifications from the Trump administration that could streamline operations and reduce the risk of stricter oversight.
“Family offices, whether it be from a Securities and Exchange Commission perspective, or from a tax perspective, are operating in a very opaque regulatory environment,” Tax partner Josh Becker told Barrons.
He added that as family offices have expanded, there is an increased risk of unintentionally violating guidelines in the so-called family office rule—a statute that defines which office employees are allowed to invest alongside a family—which could expose them to additional disclosure and compliance requirements by the SEC.
On the tax front, Becker expressed concerns about the potential limitations on private placement life insurance, a tool the wealthy use to invest in alternative assets. Additionally, he advocated for clearer guidance from the Trump administration on whether family offices qualify as trades or businesses, which would allow them to deduct substantial investment-related expenses.
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