How Family Offices Evolve: Strategy, Structure, and Success Across Generations | The Family Biz Show Ep. 112
Release Date: 04/11/2025
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info_outlineHow Family Offices Evolve: Strategy, Structure, and Success Across Generations | The Family Biz Show Ep. 112
đď¸ 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 journeyâfrom launching businesses in China to helping build Ray Dalioâs family officeâand 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 complexityânot just net worthâdrives 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 familyâs future.
đĄ Key Takeaways
- Family offices exist to support the long-term goals of the familyânot just manage money.
- You donât 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 isâdiscipline and structure are essential.