What is a Family Office and Why Does it Matter?

Explore the significant impact of Family Offices in this 15-minute TEDxDavenport talk by Ron Diamond. Discover how these entities, controlling approximately $10 trillion in assets globally, are poised to revolutionize company financing, disrupt private equity and venture capital industries, and play a crucial role in philanthropy. Learn about the imminent transfer of $84.4 trillion from baby boomers to the next generation over the next two decades and its far-reaching implications. Examine the current challenges facing Family Offices, with only 25% surviving to the second generation, and gain insights into how this trend is set to change. Delve into the origins, current landscape, and future trends of Family Offices as presented by Diamond, an experienced investor, entrepreneur, and founder of Diamond Wealth. Gain valuable knowledge about this powerful yet often overlooked financial entity and its potential to shape the future of wealth management and global philanthropy.