How do family offices plan multigenerational wealth transfers involving venture capital and private equity?
Short answer: Bill's estate planning software can include venture capital and private equity in a multigenerational plan. That matters for families whose holdings may be tied up in private companies while they plan for a liquidity event. (2:23, 1:55)
At a Family Office Club interview, Richard C. Wilson speaks with Bill, a Morgan Stanley family wealth director.
Bill on estate planning software
At 2:23, Bill says Morgan Stanley's software can look at multigenerational wealth transfer and plan the entire estate. He describes venture capital and private equity planning as a distinctive part of that work. (at 2:23)
Bill on specialist support
At 6:25, Bill says the family office resource group includes about eight trust and estates attorneys and 10 analysts who work on wealth strategies analysis. He says family wealth directors also have access to that software. (at 6:25)
Bill on pre-liquidity planning
At 1:55, Bill says his work can include wealth transfer planning before an IPO, merger, divorce, or real estate transaction. He also names risk management and wealth strategies analysis software. (at 1:55)
"what makes this unique is venture capital and private equity planning"
From Richard's exclusive Billionaires.com interviews
Lessons from Richard C. Wilson's one-on-one interviews, as published on each interview page.
- Anu Aga: Check before you give. Study the work of an NGO, ask more questions, and visit it if you can. This leads to an informed decision.
- Tim Draper: Make your customers your sales force. Hotmail put a message at the bottom of the screen inviting people to get free email. It spread to 11 million users.
- Don Wenner: Commit to scale. Don's major turning point came when he decided to build a great company that makes an impact. Making money and being successful was not enough for him.
See the data
Frequently asked questions
How do family offices plan multigenerational wealth transfers involving venture capital and private equity?
Bill's estate planning software can include venture capital and private equity in a multigenerational plan. That matters for families whose holdings may be tied up in private companies while they plan for a liquidity event. (2:23, 1:55)
What support did Bill describe for private company stock?
At 3:46, Bill said Morgan Stanley provides software to track original, A, and B shares, with teams that help companies prepare for a pre-IPO or merger.
What platform size did Bill cite for lifestyle services?
At 7:04, Bill said those services typically require $10 million in assets on the platform. At 7:33, he said bill-paying assignments usually look for $100 million or more.
Sources
Quotes are copied from the video captions and checked against the transcript. Timestamps link to the moment in the video. General information only, not legal, tax or investment advice.