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Professor Matthew Richardson is interviewed about the growing popularity of family offices among the wealthy

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Excerpt from OZY -- "So what do family offices do with their secretive trillions? They tend to favor long-term investing in order to preserve wealth over multiple generations, says Richardson. And since they tend to be overexposed in certain industries — the megawealthy have been known to hold on to a disproportionate chunk of the company that made them rich — ‘Wall Street has to be creative in helping them manage those risks,’ he explains."

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