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Tom Nicholson

Tom Nicholson

Jul 13, 2026

12:53
Right.
12:53
E- exactly, yeah.
12:54
So now I think, and this kind of goes back to our conversation about the COO-type role, a lot more is being outsourced.
13:01
Um, and I think because I think, uh, I mean, it's, this is a, this is more of an opinion necessarily, but I think a lot of man- multifamily offices have failed on it kind of serving wealthy individuals.
13:14
Um, they, they've seen, a lot of them have gone the wealth manager route.
13:17
They try to get more discretion on the assets and they, and they're, they, they fail on the services aspect of things, and they try to scale, right? A true multifamily office isn't designed to scale and it's, it's very purpose-built.
13:28
Um, so I think becau- in, in the, in an ideal world, if, if, if more true multifamily offices existed, maybe you wouldn't see the creation of m- as many as these new single family office, offices.

18 MINS LATER

31:37
Where do you see the industry in, in, in five plus years?

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