The Meb Faber Show - Better Investing Goldman Sachs’ Sara Naison-Tarajano - Family Office Whisperer | #590
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Jul 11, 2025 Sara Naison-Tarajano, Global Head of Private Wealth Management Capital Markets at Goldman Sachs, shares her extensive experience serving family offices. She delves into unique investment strategies tailored for preserving generational wealth, highlighting the significance of risk management and diverse asset allocation. Sara also discusses the transition from public to private markets and the importance of educating younger generations in financial management. Insights from a global family office conference reveal emerging trends and networking opportunities vital for navigating today's economic landscape.
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Family Office Setup Thresholds
- Setting up a family office usually makes sense starting in the hundreds of millions due to cost.
- Smaller wealth should leverage existing financial firms instead of building independent offices.
Initial Family Office Client Conversations
- Start conversations by understanding clients’ wealth goals, living costs, risk tolerance, and generational plans.
- Use tools like stress tests to manage risk and avoid permanent loss through forced selling or margin calls.
Managing Concentrated Wealth
- Encourage clients with concentrated wealth to begin gradual diversification without abandoning successful assets.
- Use derivative strategies to reduce risk while maintaining upside exposure.
