Podcasts · VC10X - Investing, Venture Capital, Asset Management, Family Office, Wealth Management
Family Office Roundtable 2026 - $124 Trillion Wealth Transfer, AI, & Private Markets
· 1 h 06 min
Episode Family Office Roundtable 2026 - $124 Trillion Wealth Transfer, AI, & Private Markets
In the inaugural Family Office Roundtable at VC10X, host Prashant sits down with Ronald Diamond, Founder & Chairman of Diamond Wealth, and Wendy Craft, CEO of Elle Family Office, for a candid conversation on what's really happening inside family offices today.
From AI tools that are already replacing analysts, to the private equity liquidity crisis, to the $124 trillion wealth transfer heading to the next generation.
⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.com
What we cover:
- How AI is transforming deal flow, due diligence & the analyst role
- Where family offices are allocating right now — and what's broken in private equity
- Why after-tax returns are the only number that matters
- The rise of ETFs and tax-loss harvesting as game changers for families
- SFO vs. MFO — and why 85-90% of family offices shouldn't exist
- Next gen wealth transfer & why most families are failing at it
- The role of family office capital in solving real-world problems
Timestamps:
(00:00) - Introduction: The Future of Family Offices
(01:26) - Welcoming Guests: Ronald Diamond & Wendy Craft
(02:18) - The Role of AI in Family Offices
(03:40) - A Cautious Approach to AI Investment
(04:52) - How AI is Disrupting Due Diligence
(07:43) - Replacing Analysts with AI to Cut Costs
(09:42) - AI Efficiency vs. The Need for Human Oversight
(11:17) - Case Study: How Large Families Use AI for Efficiency
(13:12) - Can AI Handle Proactive Deal Sourcing?
(14:16) - The Importance of Human Networks in Deal Flow
(15:58) - Portfolio Construction: Public vs. Private Markets
(17:52) - The Problem with Private Equity's Long Lock-up Periods
(19:57) - Contrasting Private Equity with the Family Office Model
(22:30) - The Tax Angle: Liquidity vs. Long-Term Investment
(24:10) - The Growing Focus on After-Tax Returns
(27:00) - The Emergence of ETFs for Tax Efficiency
(29:13) - Venture Capital Investing Styles for Family Offices
(31:28) - Why Inexperienced Family Offices Should Outsource VC
(34:26) - The Rise of OCIOs for Next-Generation Wealth Management
(35:54) - The Future: Outsourcing to MFOs and OCIOs
(38:22) - MFOs vs. OCIOs: What's the Difference?
(41:28) - Educating and Including the Next Generation
(44:20) - How the Next Generation's Investment Interests Differ
(45:00) - The Philanthropic Potential of Family Offices
(48:01) - Youth's Belief in AI to Solve Societal Issues
(49:23) - The Negative Impact of Technology on Mental Health
(54:55) - Portfolio Hedges: Gold, Silver, and Bitcoin
(56:31) - The Evolution of Cryptocurrency as an Asset Class
(58:13) - Skepticism and Risks in the Crypto Market
(01:02:43) - Interest in Gold, Silver, and Critical Minerals
(01:03:23) - Parting Advice for Family Offices
(01:03:54) - Ron's Advice: Run it Like a Business or Outsource
(01:04:56) - Wendy's Advice: The Efficiency of MFOs for Most Families
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Guests:
🔹 Ronald Diamond — Founder & Chairman, Diamond Wealth | Syndicate of 100+ Family Offices ($250M–$30B)
🔹 Wendy Craft — CEO, Elle Family Office | Atlanta, GA
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LINKS
Wendy Craft - https://www.linkedin.com/in/wendy-craft-7281176
Ronald Diamond - https://www.linkedin.com/in/ronalddiamond
Prashant Choubey - https://www.linkedin.com/in/choubeysahab
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#FamilyOffice #PrivateEquity #WealthManagement #AI #VentureCapital #NextGen #Investing
Links in the notes 3
Transcript
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