A weekly collection of news and highlights. Included this week:
Swiss judge dismisses Agnelli inheritance lawsuit
Cost structure of a $10M “family office”
Jensen Huang: Californian wealth tax worth it
Latest UBS Family Office quarterly
Living Large: The new Acquired podcast on Ferrari
𝕏 highlights
Robinhood’s co-founder on what is needed from a wealth platform. It goes beyond holding assets.
A good summary of Bloomberg’s Family Office Investment Playbook.
A giant succession wave is coming for family businesses.
Family offices are embracing direct deals.
The cost structure of a $10M family office (interesting, but let’s not call this a family office).
Friday’s newsletter was an in-depth look at Bill Ackman’s family office meltdown on X. Here’s what other billionaires thought of Bill’s famous post.
reddit highlights
The burden of wealth!
in highlights
The latest UBS Family Office Quarterly is out.
Key person risk is still a major family office concern.
Family Office news roundup
AI Won't Save Your Family Office. Clean Data Will. An interesting piece from Asseta founder Dean Palmiter on why AI without clean data is likely going to result in nothing more than nonsense at scale - Mr Family Office
The Inflection Point For Family Office Technology. Unlimited.ai founder David Sawyer shares how your family office’s institutional knowledge might just already be more of an institutional risk - Mr Family Office
Swiss judge throws out one John Elkann lawsuit over Agnelli inheritance. A Swiss court has dismissed one of the legal challenges tied to the John Elkann and the wider Agnelli family inheritance dispute. It’s another twist in a very public family saga - Reuters
Why more family offices are closing or downsizing despite rising wealth. Family offices are quietly shrinking or shutting down as costs spiral, talent gets expensive, and many principals realize they don’t actually need a full in-house setup - Spear’s
What’s the best way to transfer wealth to the next generation. A classic playbook from Coutts, the centuries-old private bank known for advising ultra-wealthy families: start early, structure things properly, and don’t ignore the human side - Coutts
Family offices gain from opportunistic bets on oil. Family offices have been leaning into oil volatility and it’s paid off, with opportunistic bets delivering outsized returns for them whilst institutions stayed more cautious - CNBC
Nvidia chief Jensen Huang says people should move to California as billionaire tax looms. Jensen Huang is pushing back on angst against the proposed wealth tax, arguing California still wins on innovation and opportunity despite the political noise - Forbes
Living Large: the finer things in life
Why Ferrari Is Unlike Any Other Luxury Brand, According to the Hosts of ‘Acquired’. The automaker is the pinnacle of luxury scarcity — across its entire 79-year history, Ferrari has sold just 330,000 cars at an average price today of $500,000. Get the full, incredible story from the team that produces some of the best podcasts out there - Acquired
Last week’s newsletter “Let’s Talk about Bill” looked at Bill Ackman’s Family Office Twitter drama.
If you missed it in your inbox, we sent out our first Wealthtech monthly newsletter last week, with an insightful piece on how to make tech vendor relationships work.
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