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WHAT IS A PRIVATE
HOLDING COMPANY?
By George Argyros Jr.
Introduction
 Based in Newport Beach, California, George Argyros,
Jr., uses his many years of experience in real estate,
...
Private Holding Company
 Typically, holding companies maintain the assets
of several subsidiaries at once, including bond...
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What Is a Private Holding Company?

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Based in Newport Beach, California, George Argyros, Jr., uses his many years of experience in real estate, investing, and insurance in his role as chief executive officer of Elite Financial Group, LLC. In this capacity, George Argyros, Jr., provides a wide range of investment services through his private holding company.

Published in: Economy & Finance
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What Is a Private Holding Company?

  1. 1. WHAT IS A PRIVATE HOLDING COMPANY? By George Argyros Jr.
  2. 2. Introduction  Based in Newport Beach, California, George Argyros, Jr., uses his many years of experience in real estate, investing, and insurance in his role as chief executive officer of Elite Financial Group, LLC. In this capacity, George Argyros, Jr., provides a wide range of investment services through his private holding company. Unlike many other firms, holding companies do not typically create or sell products to consumers. Instead, these companies own the majority of a separate firm’s voting stock, allowing them to control underlying policies and managerial staff. These companies can also fully own businesses, which are then called wholly owned subsidiaries.
  3. 3. Private Holding Company  Typically, holding companies maintain the assets of several subsidiaries at once, including bonds, real estate, and patent trademarks. While they do not possess direct oversight of the day-to-day services of their subsidiaries, holding companies have the ability to appoint and dismiss administrators and conduct staff evaluations. After the US financial crisis, a number of prominent investment banks shifted into holding companies. In recent years, Bank of America, Goldman Sachs Groups, Inc., and JP Morgan Chase have emerged as the top holding companies in the country.

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