David Weisburd

The company has been operating in a trading space for over 20 years.

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Trading in futures involves the risk of loss is not suitable for everyone.

Not all applicants will qualify.

When families come to you and they've had a bad experience with another RIA or another multifamily office, what are the most common one or two governance issues that were done at this other advisor that you just see happening over and over and over again?

It says there's a related, which is you make random investments and you don't even know which random investments you've made.

The second order effects of that, let's say you are invested in this friend's venture capital fund.

You may not even know whether they're calling money in six months or in five years.

And the second order of effects of that, why does that even matter, is that you have to keep all your portfolio liquid.

You may be over-allocating to liquid.

And why does that matter?

You're not getting that alternatives premium and the liquidity premium.

So it's not just that you don't know what's going on.

It's that you have to be overly conservative if you don't know what's going on.

A well-known single family office in New York City, which will remain nameless.

They have this policy where I believe it's $10,000.

Any family member can make these one-off investments, even in a restaurant, up to $10,000.

But outside of that, it goes to IC and then the IC has final say.

And this is how they've been able to kind of toe this line between giving the family members some level of autonomy while not just storing the wealth.

On this co-investment, I see a trend in the institutional space of making it more