Core Insights - Angeles Wealth Management has made its first acquisition by purchasing XO Capital, which will lead to the establishment of Angeles Family Office, aimed at affluent families [1][2] - The new family office division will be led by XO Capital's founder Adam Stern as CEO and Jason Oclaray as president [2] - The acquisition is part of Angeles Wealth's strategy to combine XO's family office expertise with its existing wealth management services [3][4] Company Developments - Angeles Wealth Management, based in Santa Monica, California, manages $2.7 billion in assets and is focusing on expanding its services through this acquisition [1] - XO Capital, founded in 2021, had approximately $186 million in client assets at the time of the acquisition [4] - The new family office will provide a range of services including investment management, tax and legal advice, customized financial reporting, and cash-flow management for families with assets in the hundreds of millions [5] Market Context - There is a growing demand for family office services among wealthy families, particularly those facing complex financial issues [4][6] - Other registered investment advisors (RIAs) are also moving to establish dedicated family office divisions or acquire expertise in this area to cater to multi-generational wealth [7] - Recent examples include Prime Capital Financial launching a family office division through acquisition and CI Financial's Corient acquiring a multi-family office [7]

RT Flood (@ThinkingUSD)2025 Year in Review: HungerI’m going into 2026 hungrier than I’ve ever been.I feel like I’ve spent the last five years with a blindfold on. This was the year everything became clear. Maybe it’s just a symptom of getting older; maybe it’s a result of my circumstances changing. I’ve worked so hard that sometimes I look around and wonder where my life went. I’ve become a vessel that other people live through.To all the young grinders out there: Just know it will never be enough. You’ll a ...

Core Insights - Walmart CEO Doug McMillan is set to step down after over a decade, during which the Walton family's wealth has significantly increased [1][3] - The Walton family, heirs to Walmart founder Sam Walton, now has a collective net worth exceeding $450 billion, making them the richest family in America and possibly the world [4] Wealth Creation - The wealth of the Walton family has more than tripled since Doug McMillan became CEO in 2014 [3] - Each of Sam Walton's children—Jim, Rob, and Alice—has a net worth of over $135 billion, while grandson Lucas Walton is valued at $48 billion [4] Investment Structure - Walton Enterprises, the family office, manages the majority of the family's 45% ownership in Walmart and has a portfolio that includes over $4 billion in standard ETFs and bonds [5] - Individual family members also manage their own investment strategies, with Rob Walton's Madrron Capital being a notable investor in StubHub [6] Generational Transition - The Walton family has expanded their voting power in Walmart from three to eleven family members as they prepare for the third generation [7]

A family office backed by Europe’s wealthiest clan has created a separate company that can oversee fund and asset management https://t.co/78lJgo4ZaX ...

Good intentions rarely survive the twin forces of death and money.From deciding if you’re even family to building your staff, here’s our guide on how to set up a successful family office ⤵️ https://t.co/xcgXTq79FF ...

a 25,000 square foot mansion with 60 rooms and more than 40 staff. That's been a Harala family solution for staying close and keeping their clan fairly unified for almost 100 years, even as it expands to more than 165 family members. The Harelas built their fortune through a string of international hotels.Like many ultra-wealthy families, they're in the process of starting a family office to manage their finances and affairs. These officers can be as small as one trusted adviser or as large as a full team h ...

Good intentions rarely survive the twin forces of death and money.From deciding if you’re even family to building your staff, here’s our guide on how to set up a successful family office ⤵️ https://t.co/z3TAeO2EEI ...

The family office for Qatar’s former ruler is on a hiring push to build up a multistrategy investment team https://t.co/tyb65eXQ5y ...

CZ Family Office Kickstarts $1 Billion Builder Fund on BNB► https://t.co/00ypecs8lu https://t.co/00ypecs8lu ...

Core Insights - Hong Kong's position as a leading asset and wealth management hub is attributed to its role as a gateway to mainland China, leveraging its connections to Chinese resources, capital flows, and entrepreneurial innovation [1][2] Group 1: Economic Context - The majority of global wealth is expected to originate from mainland China in this century, with Hong Kong poised to benefit significantly due to its strategic location within the Greater Bay Area and its status as an offshore center [2] - Beijing's opening up policy is anticipated to attract more innovative hi-tech companies to Hong Kong, enhancing the macroeconomic environment for business and increasing capital influx [4] Group 2: Financial Metrics - Assets under management in Hong Kong surpassed HK$35 trillion (approximately US$4.5 trillion) at the end of the previous year, with a remarkable 81% year-on-year increase in funding flows, totaling over HK$700 billion [6] Group 3: Industry Trends - The global family office landscape is rapidly evolving, influenced by next-generation leadership transitions, increased interest in philanthropy and impact investing, and emerging investment themes such as digital assets [7]