Family office insights this week:
The $50M debate: private banks / MFO / self-manage
Goldmans and Citi family office reports
Family office jobs in Miami, Denver and Seattle
Read: When you’ve made enough money for family tension
Podcasts: raising healthy children in the land of wealth
Watch: the top five US states for billionaires
The $50M Conundrum
You've had a $50 million liquidity event. Now how do you manage it?
Well done - you’ve got $50 million coming your way. A liquidity event or inheritance that could set your family up for life.
But there are still tough decisions ahead.
And the choices you make early on can shape returns, risks, and even family dynamics for decades.
So how do you manage $50 million?
There are three ways to play it:
Private bank
Multi-Family Office
Self-manage
We asked the question on X… hundreds of comments followed.
Social media always provides both logical thoughts, and of course amusing ones.
Private banks can offer global reach, balance sheet strength, and access to products not available to individuals.
Multi-family offices emphasize independent advice, fee alignment, and a more tailored approach.
And for those who value control and flexibility, self-management is the only solution, typically supported by external specialists in areas such as tax and estate planning.
We spoke to a multinational investment bank with $5 trillion AUM, an independently owned multi-family office with $26 billion AUM, and an individual who self-manages the family’s $50 million in assets.
Here’s what they had to say….
𝕏 highlights
Latest family office asset allocation data from Goldman Sachs.
And from that Goldman report, a look at family offices and crypto.
Where to work
Three family office industry job opportunities posted this week…
What to read
Not a book this week, but a classic Harvard Business School article on what happens when a founder’s “Second Act” shifts from running a business solo to managing wealth as a family enterprise. Handing over control is tough, but without involving spouses and kids, fortunes can fracture families instead of holding them together. The key lesson: engagement beats control every time - Harvard Business Review
What to listen to
In this two-parter, the Our Family Office podcast looks at how parents should be Raising Healthy Children in the Land of Wealth. Host Adam Fisch talks with Dr. James Grubman, a leading consultant to wealthy families and advisors, on the rising generation
What to watch
The top five US states where most of the Forbes 400 live.
And finally…
Thanks very much to our contributors Mark Tepsich from UBS, Jeff Treut and Sam Kendrick from Whittier Trust, and our anonymous self-manager. The debate on the best way to manage $50 million will no doubt rage on!
A reminder - the Mr Family Office team is growing: we're hiring a Partnerships Manager. Part-time, flexible role structure. Digital media sales experience essential. Reach out here if this is of interest.
This week’s Buzz looked at the 20 largest family offices in the world, how generalists thrive in family office leadership roles and the tycoon who handed over his fortune to his grandchildren. More family office news again on Monday.
Right, that’s quite enough for this week. Wishing you and your families success and joy.
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