Why the rich are turning away from Wall Street – family office playbook with Ron Diamond

Get our free guide to getting a second passport: https://truewealthshow.com/download-guide-second-passport/ What do the world's wealthiest families know about money that most people don't? In this episode, True Wealth's hosts Anthony Ng Monica and Fintan Costello are joined by family office expert Ron Diamond. He's spent over 20 years working with some of the world's richest families, helping them invest, protect and pass down their fortunes. Ron believes family offices, which control an estimated $10 trillion, could completely transform the future of investing. But he also warns that some of the biggest financial mistakes happen immediately after selling a business. You'll learn: - What a family office actually is, and how much money you need to start one - Why you should think twice before investing after a major business exit - How family offices could disrupt private equity and venture capital - Why AI is changing how the world's wealthiest families invest - How to raise children who understand the value of money - Why even billionaires struggle to feel rich enough Plus, Ron reveals how a $124 trillion generational wealth transfer could reshape the financial world over the next 20 years. About Ron Diamond: Ron Diamond is the founder and chairman of Diamond Wealth, an investment network bringing together more than 100 family offices, with individual family wealth ranging from $250 million to $30 billion. He previously founded Pinnacle Capital and has helped develop family office education initiatives at leading US universities. Follow Ron: LinkedIn: https://www.linkedin.com/in/ronalddiamond/ Follow True Wealth: Instagram: @truewealthshow TikTok: @truewealthshow Anthony on LinkedIn: https://www.linkedin.com/in/anthonyngmonica/ Fintan on LinkedIn: https://www.linkedin.com/in/fintancostello/ True Wealth website: https://truewealthshow.com/ Book a direct call at Daily Body Coach with Anthony: https://www.dailybodycoach.com/ Chapters: 00:00 – Why family offices could change investing 01:05 – The $10 trillion family office industry 02:35 – Why private equity could be disrupted 05:45 – What is a family office? 07:35 – The biggest mistake after selling a business 09:20 – How much does a family office cost? 11:15 – Why successful founders make bad investments 13:00 – Do you actually need a family office? 17:00 – How to set up a family office 19:30 – The $124 trillion wealth transfer 23:30 – How AI is transforming investing 26:10 – Why philanthropy matters to Ron 29:00 – Why wealthy families lose their fortunes 31:15 – The five values Ron wants his children to learn 37:45 – Gen Z, AI and the future of parenting 41:00 – Teaching children about wealth and giving 44:35 – Why billionaires never feel rich enough 50:00 – Why the investing landscape has changed 53:30 – The future of private equity and family offices 59:00 – Where Ron sees investment opportunities 64:30 – Why patient capital beats short-term thinking #familyoffice #truewealth #rondiamond