SEC Allows Family Offices to Include Members of an Extended Family
Overview
In this news alert, the author, Perkins Coie, highlights that the SEC is expected to allow two separate exemptive orders being sought from the Family Office Rule with respect to distaff members of a family under the Investment Advisors Act.
Because the distaff issue has the potential to affect so many single-family offices, the author believes this is a welcome development, and it is hoped that the SEC will amend the Family Office Rule to make this additional exemptive relief available to every single-family office that has a distaff issue now or in the future.