How Family Offices Evolve: Strategy, Structure, and Success Across Generations | The Family Biz Show Ep. 112

How Family Offices Evolve: Strategy, Structure, and Success Across Generations | The Family Biz Show Ep. 112

🎙️ In this episode of the Family Biz Show, host Michael Palumbos sits down with Peter Moustakerski, CEO of the Family Office Exchange (FOX), to explore the evolving landscape of family offices and how multi-generational families can preserve wealth, purpose, and unity across generations.

Peter shares his unconventional career journey—from launching businesses in China to helping build Ray Dalio's family office—and the lessons learned from working with ultra-high-net-worth families around the globe. Together, they unpack the real purpose of a family office, when to start one, the difference between single-family and multi-family offices, and why complexity—not just net worth—drives the need for formal structures.

The conversation dives deep into how successful families implement governance, succession planning, and human capital strategies that align with their values. Peter emphasizes the importance of emotional intelligence, collaboration, and peer learning in navigating generational transitions and building a sustainable family enterprise.

Whether you're running a thriving family business, managing a liquidity event, or planning for long-term legacy, this episode is packed with practical insights and frameworks to help you make strategic decisions about your family's future.

💡 Key Takeaways

• Family offices exist to support the long-term goals of the family—not just manage money.
• You don't need $100M+ to justify a family office. Complexity is a stronger indicator.
• Governance becomes critical in G3+ families where decision-making is more distributed.
• Emotional intelligence and collaboration are essential traits for trusted advisors.
• Peer communities like FOX offer invaluable support, insight, and shared best practices.
• Multi-family offices emerge through banks, RIAs, or evolved single-family offices.
• Families should assess their advisors regularly to ensure alignment with evolving needs.
• Investing in communication and purpose builds generational resilience.
• Legacy planning requires integration of human, intellectual, and financial capital.
• Treat your family like the enterprise it is—discipline and structure are essential.