A weekly collection of news and highlights. Included this week:

  • What does AI already know about your family office?

  • The messy $410M casino billionaire inheritance battle

  • Nico Rosberg: from F1 to family offices

  • How to avoid the $40 million big build trap

  • Rebuilding the trust administration operating model

  • Living Large: The best, priciest new hotels in the world

𝕏 highlights

The world’s richest real estate baron.

Play Time, Messi’s family office, is making moves.

Family offices opening global branches.

Iconiq managing iconic money.

Wealth advisors cashing in.

Brutal.

reddit highlights

We’re here for for the replies.

in highlights

Why the entire operating model of trust administration needs rebuilding. Axiom Trust founder David Meister says trust administration is the last frontier of modernization in the wealth management industry. It still runs on PDFs, email chains, and memory, and while modern tools exist, they're just not being used - Mr Family Office

Avoiding the $40 million big build trap. What families miss when building (literally) for the next generation can make for some very expensive mistakes. Peak Projects founder Grant Bowen outlines why family offices managing world-class projects should turn to owners' representatives - Mr Family Office 

The $410M Malaysian casino billionaire inheritance battle. A messy $410M inheritance fight has erupted within the family of casino tycoon Lim Goh Tong, with granddaughters challenging how assets were distributed through trusts - VNExpress

How much does AI already know about you and your family office? A look into how AI is already piecing together surprisingly detailed profiles on wealthy individuals and family offices from fragmented data sources - JP Morgan Private Bank

Operational risk is the blind spot in many family offices. This piece argues most family offices obsess over investments but ignore operational risks like governance, internal controls and key person dependency. It’s a bit of a wake-up call. The real danger is what’s happening inside the office that no one’s stress testing - Forbes

Goldman Sachs wealth fee revenue rises amid fixed income miss. Goldman’s wealth arm delivered strong fee growth, helping offset a weaker-than-expected performance in fixed income trading. It’s another reminder that stable, recurring wealth revenues are becoming a backbone for big banks - WealthManagement.com

Why investors are exiting private credit markets. Investors are starting to pull back from private credit as cracks show, with rising defaults and weaker underwriting making the risk-return look less attractive. The hottest trade is perhaps getting a reality check - Bloomberg

Living Large: the finer things in life

These are the most luxurious new hotels around the world. These are the priciest picks from the Travel + Leisure’s 2026 It List, led by a Maldives resort at €11,000 a night and a batch of high-end stays across Rwanda, South Africa, India and beyond - Euronews

Friday’s newsletter was a good one - Behind Closed Doors: Secondaries and Family Offices

This week’s newsletter looks at taxes. More specifically, how the ultra-wealthy control when, where, and how they pay.

Until Friday, see you on 𝕏 or LinkedIn.

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