An article authored by Tax partner Josh Becker explores the rapid evolution of family offices, tracing their shift from administrative wealth stewards to sophisticated, institutional-grade investment platforms. It highlights how family offices are increasingly making direct investments, recruiting Wall Street talent and adopting governance, legal, and compensation structures akin to private equity and hedge funds.

The article also notes that with increased scale and influence comes greater complexity and regulatory attention, raising questions about whether the sector’s historically light oversight will endure. As family offices deploy more capital in private markets, they are reshaping professional career paths, altering the flow of companies into public markets and redefining the future of global wealth management.

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