Interesting Dallas News article about family offices here in DFW:
How Dallas’ ultrawealthy manage their money: What to know about family offices
Some notable bits:
there are between 280 and 340 Texas family offices managing $320 billion in assets across the Dallas, Houston and Austin metro areas
Private wealth intelligence platform FINTRX has identified 137 family offices in the Dallas-Fort Worth area out of 2,387 nationwide
North Texas family offices still invest in the state’s historic oil and gas and real estate industries. However, wealth advisers, family office staff and lawyers said they’re also diversifying and investing in industries such as technology, AI, AI infrastructure, private credit, medical innovation and financial services.
Bottom line:
“It is really important to know what the purpose of the wealth is and what are the values that the family holds dear, and how do they operationalize those things?” said Emily Bouchard, who consults family offices in Texas.
So, if you approach a family office for investment, be sure to research that particular office and make sure your pitch lines up with their values and goals. Each one is going to be different.
Also, make sure and put your best foot forward. Word will travel quickly among them.