Family client definition
Family client means all of the following:
Family client whose prospective investment in the securities offered is directed by such “family office”.
Family client means a current or former family member or Key Employee; any non-profit organization, charitable trust (including charitable lead trusts and charitable remainder trusts whose only current beneficiaries are other Family Clients and charitable or non-profit organizations), or other charitable organization, in each case exclusively funded by one or more other Family Clients; any estate planning vehicle of such family client; any irrevocable trust in which the sole beneficiaries or the sole grantors are other Family Clients; any trust in which each trustee is a Key Employee and each grantor is a Key Employee and/or such Key Employee’s current or former spouse or spousal equivalent; and any company wholly owned (directly or indirectly) by, or operated for the sole benefit of, one or more other Family Clients.
Examples of Family client in a sentence
It is undisputed that Dean did not have authority directly from any of the Chavez Family to send this settlement letter; instead, Dean relied upon Watson of R&W to obtain authority from each of the client members of the Chavez Family to the settlement set forth in the Dean Letter.The only Chavez Family client that Watson discussed the 2010 settlement with was Luz, in one phone call on September 28, 2010.
Support Venue Management planning to ensure an appropriate level of service is provided to the Commonwealth Games Family client group.
Reflecting the complicated movement patterns / behaviours of the various Games Family client groups across the full GRN network and associated venues, transport hubs and accommodation clusters, a full and unique 24 hour modelling period was required for each day of the Games (including night time servicing / logistics vehicles).
This means that there is an L-point module M for A which corresponds to the maps ρn.˜ ˜˜= ρSince Φ−n 1 and Ψ−n 1 are defined at ηn for n ≥ n0, our hypotheses imply that ΨnΦn−1 is a local isomorphism at ηn with ΨnΦn−1(ηn) = ηn.
One supervisor shall be the Director of Studies (first supervisor) with responsibility to supervise the candidate on a regular and frequent basis in accordance with the “Code of Practice for Research Degrees”.
In one case a school social worker was left working with a difficult Child, Youth and Family client on her own, on behalf of Child, Youth and Family, but without their supports.
More Definitions of Family client
Family client means (i) a current or former family member (as defined below) or current or former key employee (as defined below); (ii) any non-profit organization, charitable trust (including charitable lead trusts and charitable remainder trusts whose only current beneficiaries are other Family Clients and charitable or non-profit organizations), or other charitable organization, in each case exclusively funded by one or more other Family Clients; (iii) any estate planning vehicle of a current or former family member or key employee; (iv) any irrevocable trust in which the sole beneficiaries or the sole grantors are other Family Clients; (v) any trust in which each trustee is a key employee and each grantor is a key employee and/or such key employee’s current or former spouse or spousal equivalent; and (vi) any company wholly-owned (directly or indirectly) by, or operated for the sole benefit of, one or more other Family Clients. As used herein, a “family member” means all lineal descendants (including by adoption, stepchildren, foster children, and individuals that were a minor when another family member became a legal guardian of that individual) of a common ancestor (who may be living or deceased), and such lineal descendants’ spouses or spousal equivalents; provided that the common ancestor is no more than ten (10) generations removed from the youngest generation of family members. As used herein, a “key employee” means an executive officer, director, trustee, general partner, or person serving in a similar capacity at the Family Office or any employee (other than an employee performing solely clerical, secretarial, or administrative functions) who, in connection with his or her regular functions or duties, participates in the investment activities of the Family Office, provided that such employee has been performing such functions and duties for or on behalf of the Family Office, or substantially similar functions or duties for or on behalf of another company, for at least twelve (12) months.
Family client means: (1) any family member; (2) any former family member; (3) any key employee; (4) certain former key employees; (5) any non-profit organization, charitable foundation, charitable trust (including charitable lead trusts and charitable remainder trusts whose only current beneficiaries are other family clients and charitable or non-profit organizations), or other charitable organization, in each case for which all the funding such foundation, trust or organization holds came exclusively from one or more other family clients;(6) any estate of a family member, former family member, key employee, or eligible former key employee;(7) any irrevocable trust in which one or more other family clients are the only current beneficiaries; (8) any irrevocable trust funded exclusively by one or more other family clients in which other family clients and non- profit organizations, charitable foundations, charitable trusts, or other charitable organizations are the only current beneficiaries; (9) any revocable trust of which one or more other family clients are the sole grantor;(10) certain other trusts; or (11) any company wholly owned (directly or indirectly) exclusively by, and operated for the sole benefit of, one or more other family clients; provided that if any such entity is a pooled investment vehicle, it is excepted from the definition of “investment company” under the 1940 Act. 17 CFR 275.202(a)(11)(G)-1(d)(4). Banking Entity RequirementsAs with the exclusion for customer facilitation vehicles, the exclusion incorporates certain conditions to “ensure that family wealth management vehicles are used for client-oriented financial services provided on arms-length, market terms, and to prevent evasion of the requirements of [the Volcker Rule].”14 Specifically, the banking entity (and their affiliates) must: provide bona fide trust, fiduciary, investment advisory, or commodity trading advisory services to the family wealth management vehicle; not, directly or indirectly, guarantee, assume, or otherwise insure the obligations or performance of the family wealth management vehicle; provide the covered fund disclosures (although the content may be modified to prevent the disclosure from being misleading and the manner of disclosure may be modified to accommodate the specific circumstances of the family wealth management vehicle); not acquire or retain, as principal, an ownership interest in the family wealth management vehicle, other than up to an aggregate of ...
Family client means an existing, prospective or former client described in subdivision
Family client. (as defined in Rule 202(a)(11)(G)-1 under the Investment Advisers Act) of a family office meeting the requirements in (l), whose prospective investment is directed by such family office.
Family client means any of the following persons:
Family client means (i) any company wholly owned (directly or indirectly) exclusively by, and operated for the sole benefit of, one or more other family clients (as defined in Rule 202(a)(11)(G)-1 under the Advisers Act); provided that if any such entity is a pooled investment vehicle, it is excepted from the definition of “investment company” under the Company Act; and (ii) any non-profit organization, charitable foundation, or other charitable organization, in each case for which all the funding such foundation or organization holds came exclusively from one or more other family clients.