Withers Bergman has filed a letter with the SEC commenting on the SEC's proposed definition of family office

A cross border and inter-departmental team combined the firm’s knowledge in US securities and family office issues to draft the comment letter. The SEC’s definition, as proposed, will preclude many of our clients from relying on the family office exclusion from regulation as investment advisers. The comment letter recommends several revisions to the proposed definition that would make the exclusion more readily available to our clients. You can view a copy of the comment letter by clicking on the link below.