Family Office World

David Nage, a former family office investor and now Principal at Arca, discusses the intriguing shift of family offices toward digital assets. He shares his journey from skepticism to enthusiast, highlighting the nuances of blockchain technology. The conversation delves into how younger generations are shaping investment strategies, the rise of cryptocurrency funds, and the challenges novice investors face. Nage emphasizes the evolving landscape as family offices begin to embrace digital currencies and blockchain innovations.

Michael Sonnenfeldt, Founder and Chairman of TIGER 21, shares insights from his journey as a serial entrepreneur and philanthropist. He discusses the critical role family offices play in wealth management and the challenges of passing wealth to the next generation. Michael elaborates on the concept of 'portfolio defense' within TIGER 21, fostering trust through peer discussions. He also reveals ambitious plans for global expansion and emphasizes creating supportive environments for family offices, ensuring meaningful connections among high-net-worth individuals.

In this engaging conversation, Michael Loeb, the founder of Priceline.com and a serial entrepreneur behind numerous successful ventures, shares his insights into the evolving landscape of family offices. He discusses how entrepreneurs are reshaping wealth management and the innovative ecosystem at Loeb Enterprises that fosters startup growth. Loeb highlights the challenges and motivations of modern entrepreneurs and emphasizes the importance of nurturing relationships and mentorship over traditional funding. Tune in for a deep dive into entrepreneurial success and its societal impacts.

Mike Steep, the Founder and Executive Director at Stanford University’s Disruptive Technology and Digital Cities Program, shares his insights on how technology is reshaping investments and infrastructure. He highlights the importance of family offices adapting to disruption, particularly in sectors like agriculture with AI and robotics. The discussion covers the need for strategic growth through understanding emerging technologies, selecting suitable board members in startups, and bridging the gap between academia and industry to drive innovation.

Tami Kesselman, Worldwide President of Harvard Alumni in Impact and a board member at Harvard’s Kennedy School, delves into the booming world of impact investing. She shares how family offices, influenced by millennial values, are shifting towards sustainable investments that align with personal values. Kesselman emphasizes the necessity of measuring real impact and the role of educational initiatives in shaping future investors. The discussion also highlights the crucial intersection of finance and social responsibility in driving positive change.

In this episode, Tom Handler,  Founder and Managing Partner of the law firm he founded — Handler Thayer, LLC, articulately explains why the first step in setting up a successful multi generational Family Office must start with a well thought out legal structure.  He explains why only 25% of Family Offices make it to the second generation, 10% make it  to the third generation, and only 5% make it to the fourth generation.  Without the proper legal framework, Family Offices will not endure.  It’s a fascinating conversation with one of the leading authorities on the legal aspects Family Offices must explore.  Extremely insightful and thought provoking.  A must listen to anybody who has or is thinking about setting up a Family Office.

Avy Stein, Co-Founder and Co-Chairman of Cresset, shares insights from his extensive background in private equity. He discusses the transformation of family offices, particularly how Multi Family Offices are reshaping the wealth management landscape. The conversation delves into the nuances of navigating the investment models between wire houses and RIAs. Stein also highlights the wealth transfer from baby boomers to younger generations, emphasizing the demand for transparency, philanthropy, and innovative governance in managing family wealth.

In this engaging discussion, Caren Yanis, Principal at Crowland Consulting and former Executive Director of the Oprah Winfrey Foundations, shares her expertise in family philanthropy and social change. She explores evolving trends driven by generational shifts and technology, emphasizing the vital role of women's philanthropy. Caren also delves into the importance of donor intent and aligning contributions with social values. Additionally, she highlights the transformative power of collaboration between philanthropists and public policy to address major societal challenges.

In this episode, I discuss the impact Family Offices are having in the financial world with Paul Carbone, President and Managing Partner at Pritzker Private Capital. We discuss how Family Offices are starting to disrupt the private equity market. Mr. Carbone goes into detail on how and why this is happening and gives us his insight on his thoughts on the future role of Family Offices.