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The family office versus private wealth management debate is no longer a question reserved for dynastic families with portraits in oil and a private jet parked…
Sylvia Parrish·18 min read
The purchase price of a private island is often the least interesting number in the transaction.
Sylvia Parrish·16 min read
Let me start with a number that should embarrass anyone who's parked seven figures in a Basquiat because their art advisor told them it was "uncorrelated…
Sylvia Parrish·9 min read
The global branded-residence sector has grown from 323 active projects in 2015 to approximately 910 by late 2025. That is an expansion of more than 180% in a…
Sylvia Parrish·20 min read
A multi-family office transition rarely fails because the family chose the wrong investment strategy. It usually fails earlier, in the unglamorous machinery…
Sylvia Parrish·20 min read
A $10 million home sale in Beverly Hills and a $10 million sale a few miles away in the City of Los Angeles can produce radically different closing costs. In…
Sylvia Parrish·18 min read
A family office that still treats private markets as a menu of funds is increasingly leaving money—and control—on the table.
Sylvia Parrish·17 min read
The creator economy is now being valued at somewhere between $205.81 billion and $234.65 billion for 2026, depending on which research estimate you prefer.
Sylvia Parrish·16 min read
I'll give you a number. $10,470. That's what the average solo renter in the United States now pays annually for the privilege of living alone — the premium the…
Sylvia Parrish·11 min read
$839,000. That's the number.
Sylvia Parrish·10 min read
A family office is supposed to do what ordinary wealth managers cannot: coordinate a wealthy family’s investments, tax planning, estate structures…
Sylvia Parrish·18 min read
A 6.0% default rate is not what anyone means when they casually describe private credit as “defensive.” Yet that is where the US private credit default rate…
Sylvia Parrish·14 min read
3.9%. That is the new gravity, and if you missed the memo, here it is: Morningstar's December 2025 retirement-income guidance dropped the headline safe…
Sylvia Parrish·11 min read
Thirty percent of leading limited partners surveyed by McKinsey in January 2025 said they intended to increase private-equity allocations over the next 12…
Sylvia Parrish·15 min read
Family offices collectively put $12.9 billion into disclosed direct investments across 158 transactions in 2025, according to transaction data compiled by S&P…
Sylvia Parrish·12 min read
Two and a half thousand words on X. That's how Bill Ackman chose, on April 4, 2026, to confess a $1.05 million-a-year mistake he had quietly let fester inside…
Sylvia Parrish·9 min read
Wealth management used to be a pleasant euphemism for “we will manage your portfolio, send handsome quarterly reports, and try not to call during lunch.” That…
Sylvia Parrish·11 min read
A $2.5 million portfolio once served as the calling card for a comfortable version of financial independence retirement early: roughly $100,000 a year in…
Sylvia Parrish·12 min read
The global luxury real estate market is projected to hit roughly $315.97 billion in 2026, which means the old brokerage question is no longer quaint: who…
Sylvia Parrish·14 min read
A 1% advisory fee sounds almost polite. Civilized, even. On a $5 million portfolio, it is $50,000 a year before the underlying funds take their bite, before…
Sylvia Parrish·17 min read
A penthouse in Condado, $2.4 million closing, champagne on the terrace — and then eighteen months later, a letter from the IRS that reads like a restraining…
Sylvia Parrish·13 min read
Let's cut through the real estate brochures and the tax-haven fantasy. You're looking at a Puerto Rico villa, the Caribbean sun glinting off the infinity pool…
Sylvia Parrish·6 min read
I lost $140,000 on a closing credit I never should have conceded. Not because the roof was leaking or the title was cloudy — the house was pristine.
Sylvia Parrish·11 min read
A $418 million settlement just rewrote the rules of American real estate, and most of the ultra-high-net-worth world hasn't noticed yet. They're too busy…
Sylvia Parrish·11 min read