Marla Oates

Call them changemakers.

We call them redefiners.

Hi, everyone, and welcome back to another episode of Redefiners.

I'm Marla Oates, a leadership advisor at Russell Reynolds.

I'm thrilled to be joined once again by my always curious co-host, Chief Science Officer Dr. Tomas Chamorro from Music.

It's good to see you, Tomas.

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Today, we're going to talk with someone who has helped lead two of the biggest family offices in the world.

For those listeners who may not be familiar with the term family office, it's a private company that manages the wealth, net assets, financial and personal needs for a single ultra high net worth family.

And looking beyond just family offices, we are in the middle of the largest intergenerational wealth transfer in history.

In just the U.S.

alone, baby boomers and the older generations are projected to transfer an estimated $85 to $125 trillion.

That's right, trillion dollars to Gen X, Millennials, Gen Z by around 2045.

It sounds like we have a lot to talk about today, so let's get to it.

Our guest today is Stephen Roach, who is a partner with Banyan Global Family Business Advisors.

Prior to joining Banyan Global, Stephen has held several leadership and investment advisory roles, including as CEO of Walton Enterprises, the philanthropic and private investment group for the Walton family.

He also served as the COO of Cascade Asset Management.