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📩 Family Office Growth News | May 2026
**A quick personal note: this issue comes a little behind schedule. My family grew by one this month, and May got joyfully rearranged. Thank you for your patience, and here is the May edition.
Welcome to the 33rd edition of Family Office Growth News.
This month: Paul Gonzalez joins Founders & Fortunes on Family Office survival, advisor judgment and the decisions that shape generational wealth.
The Monthly Pulse covers CNBC and Addepar’s new Family Office Portfolio Tracker, plus Citi’s report on AI inside Single Family Offices.
The throughline is control: where families keep capital close, what they delegate, and what still depends on human judgment.
Let’s dive in. ⬇️
The SpaceX IPO Trade Wall Street Is Quietly Making
Before SpaceX files, institutional money is already moving into the suppliers, contractors, and tech plays with direct exposure to the listing. We've mapped the cap table to publicly traded proxies — names retail can buy today in any brokerage account. Get the breakdown free.
🎙️ Founders & Fortunes: Paul Gonzalez on Governance, Succession and Advisor Judgment
Recorded at CORE: New York, this was the first Founders & Fortunes interview taped in person.
Paul Gonzalez is the Co-Founder and former CEO of Alto Capital AG, a Swiss Multi Family Office based in Zug. His career spans more than 30 years across UHNW advisory, investment management and cross-border asset management. Today, he advises principals, portfolio managers and emerging fund managers across the U.S. and Europe.
In this conversation:
The math behind generational wealth survival and why the numbers get worse the further down the family tree
Where governance breaks down when family psychology, succession pressure and decision rights collide
Why selling the family business can be the cleanest definition of success for some families
Why advisors need to do more than translate between family members: they need to give a view
The habit that costs principals most when the next generation arrives with its own thesis
▶️ Watch the full episode on Founders & Fortunes:
Better cap table management starts here
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🗓️ May 2026 Monthly Pulse
Conviction Held, Powder Dry: CNBC x Addepar Family Office Tracker
CNBC’s Robert Frank and Addepar launched the first Family Office Portfolio Tracker, a quarterly read on how hundreds of Family Offices managing $1.4 trillion are allocated.
The first-quarter snapshot:
Public markets and alternatives split the portfolio almost evenly, 52% to 48%.
Public equities now make up 34% of Family Office portfolios, up from 32% a year ago.
U.S. families hold 80% of their equity exposure in domestic stocks.
Private equity slipped to 6%, private credit fell below 1%, and real estate dropped nearly 2 points.Cash sits near 10%, held as dry powder.
🔗 Read the original CNBC article here.
The robotics trade is starting to move. Surgical systems, warehouse automation, machine vision, and smart factories are turning “Physical AI” into real business. MarketBeat’s 7 Stocks to Buy Before the Robotics Revolution reveals 7 companies positioned before Wall Street piles in. Reveal The 7 Stocks.
Lean by Design: Citi’s “AI in the Family Office” Report
Citi Institute and Citi Wealth released AI in the Family Office, based on interviews with Single Family Office principals and CIOs across North America, Europe, Asia and Latin America, along with survey data from the firm’s 2025 Global Family Office Report.
What the survey found:
Family Offices say the goal is operational leanness, with AI aimed at the back office.
Some tech-led offices describe a near-zero-headcount ambition, using tools only when they clear an 80% efficiency gain.
The biggest constraint is internal expertise at 57%, ahead of privacy at 28%, and budget at 22%.
Only 22% report AI use for operations or investment analysis, up from 13% in 2024.
Junior analysts and the third generation are the strongest advocates, and resistant offices risk losing them.
Family Offices are automating the work furthest from the human element. AI is being applied first to reporting, reconciliation, document review and email. Judgment, discretion and relationships still sit with the people inside the office.
🔗 Download the full report here.
Thank you for reading.
📢 Where are you seeing Family Offices draw the line between control and delegation right now?
Best regards,
Ryan Austin
Founder, Arondight Advisors
Email: [email protected]
Disclaimer: This publication is created and distributed by Arondight Advisors and may not be construed as investment advice. This newsletter does not provide an analysis of any company’s financial position and is not a solicitation to purchase or sell securities in any company. Arondight Advisors is an investment research and marketing firm, and not a registered broker dealer.
