What does risk management actually mean to a family managing $100M+ in assets, multiple business interests, collectible collections worth tens of millions, international real estate, and a multi-generational legacy plan? In this bonus episode, Tom Ruggie explores the family office perspective on protecting wealth with Bryant Kolle, host of PRMA's Risk Ready podcast. Originally aired on Risk Ready. Tom shares how multifamily offices act as coordinators across investments, estate and tax planning, insurance, governance, and long-term risk management. He discusses the shift in how family offices evaluate risk: from transactional insurance purchasing to a comprehensive framework that addresses cybersecurity, reputational exposure, digital privacy, domestic staffing, travel safety, and the rapidly appreciating physical assets many high-net-worth families are accumulating. Key themes include: - Why Tom's own collectibles collection (which appreciated 10X in a decade) sparked a reckoning with family preparedness and what wealth protection actually means - How to evaluate whether a family's protection structure aligns with their true exposures - What separates a trusted advisor from a vendor in the eyes of affluent families - The emerging risks keeping family offices up at night: cybersecurity, geopolitical exposure, and AI-driven market shifts - How to balance personal freedom and lifestyle with the reality that significant wealth comes with significant responsibilities - Why "peace of mind" is the ultimate goal, and what that requires operationally This episode is essential listening for wealth advisors, family office professionals, and anyone serving affluent families who want to understand how they actually think about protection, trust, and long-term planning. Learn more about Destiny Family Office: destinyfamilyoffice.com Learn more about PRMA (Private Risk Management Association): privateriskmanagement.org Listen to the original episode on Risk Ready: Risk Ready Podcast - The Family Office View of Risk Subscribe to Significance of Wealth - Available on Apple Podcasts, Spotify, YouTube, and destinyfamilyoffice.com/podcast. The views, thoughts, and opinions expressed in this podcast belong solely to the host and/or guests and do not necessarily reflect the views of Destiny Family Office, LLC or its affiliates. Nothing discussed should be construed as investment advice, an offer, solicitation, or recommendation to buy or sell any security, investment product, or strategy. Investment advisory services are offered through Destiny Family Office, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply any level of skill, training, or favorable outcome. This podcast and any related materials are provided for informational and educational purposes only and are not intended as a substitute for personalized investment, legal, tax, or accounting advice. Destiny Family Office is neither a law firm nor an accounting firm, and no portion of this content should be construed as legal or accounting advice. Listeners should consult their own advisors regarding their specific financial circumstances before making any investment decisions. Discussions may include references to private, alternative, or illiquid investments. Such investments are speculative, involve a high degree of risk, may involve limited liquidity, and are not suitable for all investors. Alternative investments are intended only for investors who meet applicable eligibility requirements, such as Accredited Investor or Qualified Purchaser standards. Past performance is not indicative of future results, and no assurance can be given that any investment strategy will be successful or achieve its objectives. Any references to specific investments, strategies, or market outcomes are for illustrative purposes only and should not be assumed to be profitable or suitable for any individual or portfolio. No guarantees are made that any client or investor will experience similar results. Destiny Family Office and its affiliates make no representations as to the accuracy or completeness of the information discussed and are not responsible for any human or mechanical errors or omissions. The podcast content is the sole property of Destiny Family Office and may not be reproduced or redistributed in any form without the express written consent of Destiny Family Office. Copies of Destiny Wealth Partners’ current Form ADV Part 2A (Disclosure Brochure) and Form CRS, which provide additional information about advisory services and fees, are available upon request or at www.destinyfamilyoffice.com/disclosures.
