Ron Diamond

Talk Title
What is a Family Office and Why Does it Matter? The Past, Present, and Future of Family Offices
Description
There are roughly 15,000 Family Offices around the globe which currently control approximately $10 trillion in assets.  In comparison, there is only $6.5 trillion globally in the entire hedge fund world.  But even more important than the size Family Offices currently are, we are about to experience the largest transfer of wealth in history. It is estimated that approximately $84.4 trillion is being transferred from the baby boomers to the next generation over the next 20 years.  This has massive implications from how companies will be financed in the future, how Family Offices are going to disrupt the private equity and venture capital industries, and lastly, but most important, the major role Family Offices are going to have in the world of philanthropy. While the industry is growing exponentially, the current model does not work.  Only 25% of Family Offices make it to the second generation, 10% make it to the third generation, and 5% make it to the fourth generation.  But that’s about to change. During this talk, investor and entrepreneur Ron Diamond will talk about the origins of Family Offices, the current landscape in the evolution of Family Offices and future trends in Family Offices.

Speaker Biography
Longtime investor and entrepreneur Ronald Diamond is the Founder and Chairman of Diamond Wealth. He represents over 100 Family Offices ranging in size from $250 million to $30billion. Diamond Wealth invests in private markets (private equity, venture capital, real estate). In addition, Diamond Wealth has divisions that focus on philanthropy, wealth transfer, investment banking, social impact, and governance.Ronald serves on the Advisory Board of 10 privately held companies and acts as Chairman for 4 of them. Ronald is also the Chair of two TIGER 21 chapters in Chicago and Chairs a newly created Family Office Group for TIGER 21. He is the past Chairman of the Advisory Board for the Disruptive Technology and Digital City’s Program at Stanford University and taught classes in the Entrepreneur Program at Stanford.