Today's Family Offices Pulse
Family Offices Get Free PPLI Webcast on May 28
Family Enterprise USA and Winged Keel Group will host a free one‑hour webcast on May 28, 2026 to demystify Private Placement Life Insurance for affluent families. The session, led by Winged Keel CEO Eric Naison‑Phillips and Principal Mark Richards, will cover investment options, the insurance component, and integration with broader wealth plans.
Sun Life Launches Premier Legacy to Tap $5.8 Trillion Asian Wealth Transfer
Sun Life of Canada (Philippines) introduced Sun Life Premier Legacy, a structured wealth‑preservation solution for affluent Filipinos. The launch is timed to capture a share of the projected $5.8 trillion Asian intergenerational wealth transfer by 2030, addressing a readiness gap revealed by the insurer’s own research.
Tech Titans Lead World's Largest Family Offices in 2026
Top 10 largest family offices in the world in 2026, according to Altss 1. Walton Enterprises: $225B AUM The Walton family office remains the world’s largest. Backed by Walmart ownership, the family now deploys capital across PE, VC, climate and impact...
Family Offices Build Integrated Ecosystems for Next‑Gen Wealth
The most forward-thinking family offices are busy creating ecosystems where these new assets integrate seamlessly with their traditional positions. This is where everything is headed and will reshape the way fortunes are built for generations.
Maine and Oregon Decouple From QSBS Exemption, Threatening Wealth‑Management Strategies
Maine and Oregon enacted legislation this month that severs their tax codes from the federal Qualified Small Business Stock (QSBS) exemption, forcing investors to pay state capital‑gains tax on startup exits. The move follows a wave of state‑level attempts to...
Teach Heirs to Earn, Not Just Inherit Wealth
I've seen too many trust fund kids waste their family's wealth. Family constitutions are more than just paperwork - they're a plan to ensure the family's survival. Want your kids to keep building what you started? Make them earn it. Match...
The PPLI Opportunity Affluent Families Are Exploring — Are You Missing It?
Family Enterprise USA and Winged Keel Group are hosting a free webcast on May 28, 2026 to demystify Private Placement Life Insurance (PPLI) for affluent families. The session will cover how PPLI works, its tax‑advantaged investment options such as insurance‑dedicated...
Family Offices Surge in April, Allocating One‑Third of Deals to Health‑Tech
Family offices stepped up deal‑making in April, completing 55 direct investments—up from 39 in March—and earmarked almost a third of those for healthcare and life‑science firms. The rebound follows a slowdown triggered by the Iran conflict and reflects a growing...
UK Advisors Urged to Coordinate Ahead of $7 Trillion Intergenerational Wealth Transfer
The Chartered Insurance Institute (CII) says UK financial advisers must act together to handle an estimated £5.5 trillion ($7 trillion) intergenerational wealth transfer by 2050. Only 44% of firms have a strategy for such transfers, prompting a call for coordinated industry action.
Family Offices Upgrade Playbooks with Digital Assets
The difference between keeping your wealth vs watching it slip away comes down to knowing how to use it wisely. Family offices tapping into digital assets aren’t taking wild risks. What they are doing is upgrading their playbook to fit...
Citadel CEO Ken Griffin Warns of Tax Creep as States Target High‑Wealth Property Owners
Citadel founder Ken Griffin told the Milken Institute Global Conference that New York’s proposed pied‑à‑terre tax and similar state measures constitute a growing “tax creep” targeting the ultra‑wealthy. The warning follows recent relocations of high‑net‑worth individuals and could reshape wealth‑management...
Studying the Connection Between Family Office Culture and Value Creation with Alexander Hayward
In this episode, Alex Hayward, Executive Fellow at London Business School, discusses how culture within family offices and investment firms drives value creation, decision quality, and long‑term impact. He shares findings from research on investment‑management team culture, highlighting differences between...
Family Offices Favor Direct Deals, Trust Beats Size
5 Minutes in the Lower Middle Market 1. Family offices are shifting away from PE funds toward direct investing 2. Relationships and trust as a competitive advantage 3. How independent sponsors beat larger PE firms in deals 0:00 Steven Spielberg’s lesson...
Face the Elephant: Wealth Families Must Discuss Inheritance
“There’s something very human about avoiding a topic if it scares us. But avoiding talking about the elephant in the room does not make it any less obvious.” Tomorrow’s newsletter features Dr. Charles Eckhart, a psychologist helping ultra-wealthy families navigate inheritance,...
CII Warns Advice Sector Is Underprepared for Great Wealth Transfer
The Chartered Insurance Institute warns that the UK’s upcoming Great Wealth Transfer—estimated at £5.5 trillion (about $7 trillion) by 2050—has left the financial‑planning sector under‑prepared. Only 44 % of advisory firms have a formal intergenerational strategy and fewer than 40 % actively engage adult...
Family Offices Partner with Wealth Managers and OCIOs to Boost Tax Efficiency
Family offices are increasingly outsourcing tax‑efficient investment strategies to wealth‑management firms and outsourced chief investment offices (OCIOs). The shift reflects a broader push for customized asset allocation and tax‑wrapper selection as U.S. ETFs surge toward a $2 trillion inflow in 2026.
Rockefeller Adds $3.5M Raymond James Team in Michigan
Rockefeller Global Family Office announced the acquisition of the Meridian Wealth Partners team from Raymond James, a group that generated $3.5 million in annual revenue. The five‑person team, led by Michael A. Rosner and Robert “Bobby” Barrett, oversees roughly $350 million in...
Family Offices Embrace Institutional Models Amid Governance Pressures
Family offices are rapidly adopting institutional‑style operating structures as large liquidity events and generational wealth transfers expose gaps in informal governance. A Morgan Stanley Wealth Management report finds families tightening risk management, documentation, and oversight after business exits, IPOs, or...
BlackRock Positions ETFs as Liquidity Lifeline for Private‑Credit Investors
BlackRock executives argued in a new report that exchange‑traded funds can serve as a daily‑liquidity buffer for investors exposed to private‑credit assets. The firm says bond ETFs act as a “liquid ballast” amid growing allocations to private credit among high‑net‑worth...
Welcoming the Second Trustee
The article examines the shift from a first to a second trustee in family wealth trusts, emphasizing the human and qualitative dimensions rather than technicalities. It notes that the second trustee often triggers the first formal accounting review and may...
Senators Murray and Wyden Unveil $675 Billion Trust Tax Bill Targeting Billionaire Loopholes
Senators Patty Murray and Ron Wyden introduced the Fair Trusts for Fiscal Responsibility Act, a bill that would levy a graduated tax on trusts holding $50 million or more and could generate $675 billion in revenue over a decade. The legislation threatens...
Growth Partner Eyes More PE Exits Following Synergym Deal
Growth Partner, the family office of former HomeServe founder Richard Harpin, has begun ramping up divestments after selling its stake in Spanish fitness chain Synergym. The transaction met Harpin’s internal hurdle of a 2.5‑times return on invested capital, marking one...
Blockchain Redefines Family Office Wealth Management
Family offices aren’t just dipping into digital assets...they’re being transformed by them. Blockchain is more than just an investment. It’s changing how we manage wealth and provides new levels of customization, transparency, and efficiency that we’ve never seen before.
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Understanding Trust Funds: A Guide to How They Work
A trust fund is a legal entity that holds assets for designated beneficiaries, managed by a trustee on behalf of the grantor. Trusts fall into two primary categories—revocable, which the grantor can modify or dissolve at any time, and irrevocable,...
UBS Report Shows $83 Trillion Wealth Transfer Shifts to Early Responsibility
UBS’s Global Next Generation Report estimates $83 trillion in private assets will change hands over the next 20‑30 years, but the transfer is evolving from a windfall to a gradual assumption of responsibility. Early involvement, governance gaps and a surge in...
Building Liquidity Around an Illiquid Core at Aars
Since 2016 CFO Morten Christensen has built Aars’ investment arm from scratch, transitioning from full outsourcing to an in‑house team. The family office now invests roughly 75% of its net assets in directly owned, illiquid companies, while the remaining 25%—about...
Family Offices Craft Value‑Driven, Precision Portfolios
Family offices aren't just throwing money at markets like everyone else. They're building precision-engineered portfolios that align perfectly with family values. This is sophisticated strategy at a whole different level.
Family Offices Turn to Crypto for Hedge Opportunity
Family offices are allocating one to five percent of total portfolio value to crypto. Ticket sizes run between one and five million dollars. It is mostly second and third generation clients driving the conversation. Patriarchs and matriarchs are still skeptical....
House Clears FY 2026 Budget Without Tax Reconciliation Path, Raising Uncertainty for Wealth Managers
The U.S. House of Representatives approved the FY 2026 budget resolution on Friday, but omitted any reconciliation instructions for the tax-writing committees. The move eliminates the most likely legislative vehicle for a near‑term tax bill, creating uncertainty for individuals and...
Advanced Insurance Planning Secures Multi-Generational Wealth
It's been encouraging to see a growing number of people taking real steps toward safeguarding their wealth through advanced insurance-based planning. We're focused on building tax-efficient structures that support long-term, multi-generational asset protection. This is, in many ways, is the...
Strong Family Office Committees Multiply Wealth, Weak Ones Destroy Legacies
The real power in family offices sits in those investment committees. I've seen firsthand how the right committee can multiply wealth while weak ones destroy legacies. These aren't just meetings - they're where billion-dollar decisions get pressure tested. This is...
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AlphaCore Puts Alternatives at the Heart of Its Strategy
AlphaCore Wealth Advisory, a La Jolla RIA managing $8.6 billion, has placed alternative investments at the core of its portfolios, allocating roughly 20‑25% of assets to private equity, real estate and infrastructure and scaling to about 30% for clients with $10 million-plus balances....
Proper Beneficiary Setup Saves Crypto Estate From Tax Bankruptcy
A client's father died in 2025 with over $100 million in Bitcoin bought in 2011. No keys, no access, but it was in the will. The estate owed 40% tax on $76 million above the gift threshold. They could not...
Turn Your IRA Into a Tax‑Efficient Legacy Vehicle
Your IRA was built for retirement… but is it optimized for wealth transfer? At ARH Global Advisors LLC, we design sophisticated strategies for high-net-worth individuals using premier solutions, including John Hancock life insurance products, to transform taxable assets into tax-efficient legacy...
Family Office of One of Asia’s Wealthiest Individuals Backs Struggling EV Battery Group in Green Push
A family office linked to one of Asia’s wealthiest families has taken a stake in a listed electric‑vehicle battery platform that has been struggling financially. The infusion of capital is intended to stabilise the company and accelerate its regional joint‑venture...
Winning the Next Generation Before the Wealth Transfer Happens
Wealth‑transfer retention hinges on relationships built years before assets change hands. Advisors who involve heirs early—through values‑focused family meetings, charitable giving, and modest financial exposure—create a stewardship mindset that outlasts the transfer event. Expanding the value proposition beyond portfolio management...
Alternatives Become Core to High‑Net‑Worth Portfolios as Wellington Expands Its Offerings
High‑net‑worth investors are shifting private equity, private credit and real assets into core portfolio positions, seeking 3‑5% return premiums and 1.5‑3% yield lifts. Wellington Management announced a strategic expansion of its alternative‑investment resources in Australia and New Zealand, underscoring the trend,...
Using Exchange Funds To Diversify Concentrated Securities (And When It’s Better To Sell Instead)
Advisors facing clients with highly concentrated, appreciated stock holdings can use exchange funds to swap those positions for a diversified basket while deferring capital‑gain taxes. The fund operates as a partnership, requiring a seven‑year lock‑up and a minimum 20% allocation...
Sowell Management Plans Recruiting Push for Advisors Serving $5M+ Clients
Sowell Management, a $6.5 billion Arkansas‑based RIA, has launched Cache River Private Wealth to serve high‑net‑worth clients with at least $5 million in assets. The new division offers “family office lite” services that integrate investment management, tax, estate planning, and legacy initiatives....
How Sudden Inheritances Can Hobble Next-Generation Heirs
Over the next two decades trillions of dollars will shift from baby‑boomers to their heirs, yet many families remain unprepared. A Raymond James survey finds only 45% of individuals with at least $500,000 in investable assets are “extremely transparent” with their...
Peers Rival Wealth Managers as Succession Advisers to the Next Generation
UBS’s 2026 Global Next Generation Report shows that 27% of high‑net‑worth heirs now view peers as their primary source of succession advice, surpassing traditional wealth managers and private banks, each at 21%. Younger heirs, especially those aged 22‑25, rely heavily...
Understanding the PPLI Opportunity: The Basics and Beyond
Private Placement Life Insurance (PPLI) is rapidly gaining traction among affluent families seeking tax‑efficient wealth growth. Winged Keel Group, a sponsor of Family Enterprise USA, is hosting a free webcast on May 28 at 1:00 PM PDT to demystify PPLI’s structure and...
Leonardo Del Vecchio Secures €10 Billion Buyout, Becomes Largest Ray‑Ban Shareholder
Leonardo Maria Del Vecchio has completed a €10 billion ($11.8 billion) buyout of his brother Luca and sister Paola, acquiring their combined 25% stake in Delfin Sarl. The deal, approved by a majority of the eight family shareholders, lifts his holding to...
Wealthy Families Ditch 60/40 for Smarter Strategies
Most $5M+ portfolios look exactly like a $200K portfolio. Same 60/40. Same S&P 500 index. Same bond allocation nobody wants anymore. The wealthiest families don't actually invest like this. Here's how they actually do it. 🧵
UK Property Assets Held Offshore Increasingly at Risk, Lawyers Warn
Lawyers warn that UK property owned through offshore companies is increasingly becoming ownerless as holding firms dissolve or are struck off their registers. When a company is dissolved, the freehold can escheat to the Crown, forcing owners into costly legal...
Sergey Brin’s Family Office Absorbs Brain-Health VC Fund Nexus NeuroTech Ventures
Sergey Brin’s single‑family office, Bayshore Global Management, absorbed Nexus NeuroTech Ventures, a brain‑health venture capital fund with roughly $200 million in assets under management. The acquisition, completed on March 31, 2026, folded Nexus’s 15 portfolio companies—spanning neurodegenerative, neuropsychiatric and neurodevelopmental therapies—into Bayshore’s broader...
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What Is an Inter-Vivos Trust? Definition, How It Works, and Benefits
An inter‑vivos (living) trust is established while the grantor is alive to hold and manage assets for designated beneficiaries. It can be revocable, allowing the grantor to amend or cancel it, or irrevocable, which removes control and can lower estate‑tax...
Trend‑following Beats 60/40; UHNW Go Beyond Passive Mix
The 60/40 portfolio fell 17.5% in 2022. Trend-following returned +20.1% the same year. Passive equity + bonds = the minority in a UHNW portfolio. Wed April 29, 12pm ET — Greg Babij (CIO, $500M+ MFO) breaks down how it's actually built. $5M+ only:...
Will Millennials' Attitude Toward Money Put the Family Wealth at Stake? A Wealth Adviser Explains How Families Can Find Common...
The article examines how ultra‑high‑net‑worth Millennials are reshaping the $124 trillion Great Wealth Transfer, favoring personalization, flexibility, and purpose over the legacy‑focused mindset of Baby Boomers. It argues that financial advisers must become relationship managers, using storytelling and customized planning to...
AI‑Powered ALM Tool Cuts Planning to 10 Minutes
I spent a lot of 2025 using a clunky version of GPT to build a pretty sophisticated 3 stage asset-liability matching tool. *TODAY* I took the framework of that tool and used Claude to reconfigure it into a single stage...
Reinventing Family Offices with a New Operating System
The Operating System of the Modern Family Office — What I Built. What I Run. Why It Changes Everything. https://t.co/0mE0hticzv