Dallas Family Office

Texas is the second largest state in the United States in terms of both geographical size and population and Dallas is the third largest of the several major cities in the state. Dallas has a surprising amount of wealthy individuals and has seen a lot of growth in financial services over the years.  The following free guide to Dallas Family Offices will help you better understand Dallas family offices and provide you with resources to learn more about Dallas family offices. You should also check out our 100% free book on family offices.

Introduction to Dallas 

Dallas is one of the largest cities in Texas and increasingly known as an urban center that caters to many businesses and financial firms.   As previously noted, Texas is very large, in terms of both population and actual size.  Now, size and the number of people in a state does not necessarily indicate that there are family offices operating in the state, it is a good indicator, especially given that there are several very large 1 million+ population cities.

Why Dallas?

Texas is not known around the world for its financial sector, but there are many financial institutions based in Texas.  This includes several investment managers that control billions of dollars like TPG and many hedge funds.  (If you don’t believe that a state like Texas is home to hedge funds, read this Economist article titled “Hedge Funds in Texas”.)  With many large businesses like Exxon Mobil and ConocoPhillips headquartered in Texas as well as many financial firms across the big 3-4 cities in the state, there is a lot of wealth being created in Texas and an increasing need for wealth management firms and family office.  Dallas is home to a number of large businesses that are headquartered in the city and it is also a hub in the southwest for financial firms who want to have an office or even headquarter out of Dallas.

Family Offices in Dallas 

There are not a great number of family offices in Texas, compared to more finance-centered states like New York, California and Illinois.  However, there is a lot of wealth being created in the Lone Star State and family offices would do well to take notice of potential clients in Texas.  That’s not to say there aren’t already several family offices in Texas.  For example, Tolleson Wealth is a multi-family office based out of Dallas, Texas–the firm manages an estimated $2.3 billion for its clients.  Family offices like Tolleson Wealth have established a strong foothold in the state and surrounding region, offering clients a local solution to their wealth management needs.

Here’s perhaps the most important evidence that family offices should be looking to Dallas: “According to Forbes Magazine’s annual list of “The Richest People in America” published September 21, 2011, the city itself is now home to 17 billionaires, up from 14 in 2009. In 2009 (with 14 billionaires) the city placed 6th worldwide among cities with the most billionaires.”  If you add in the billionaires and millionaires living in nearby Fort Worth you have a pretty sizable pool of potential clients for family offices.  In addition, there are a number of family offices already operating in the Dallas area or in other cities nearby, catering to the high number of wealthy in the state.

The following is a collection of Dallas family office resources:

Dallas Family Office Resources Guide

Dallas Family Office Resource #1: Here’s a video interview with the CEO of a Dallas-based single family office.

Dallas Family Office Resource #2: If you are looking for contact details of family offices in places like Dallas you may want to consider using a Family Offices Database.  A Family Office Database provides you with the complete contact details for 100′s or sometimes even up to 1,000 global single and multi-family offices within an easy to use Excel spreadsheet format.  Learn more about this by clicking here.

Dallas Family Office Resource #3: You might also be interested in our guide to family offices in Texas.

Dallas Family Office Resource #4: This article talks about how early family offices investing in hedge funds helped pave the way for local hedge fund managers.

Dallas Family Office Resource #5:  Here’s an example of a local family office that is very large in terms of AUM and clients.  Tolleson Wealth is a multi-family office based out of Dallas, Texas–the firm manages an estimated $2.3 billion for its clients.

Dallas Family Office Resource #6: If you are looking for free information on family offices in other states in the U.S., check out our free regional guide to U.S. Family Offices.

Dallas Family Office Resource #7: Here’s an article about hedge funds in Texas, showing that there is a larger financial sector than one might imagine.

Are you an employee or manager of a family office in Dallas?  Then we’d like to keep in touch with you.  Simply send us an email at Richard@RichardWilsonCapital.com

Be sure to check out FamilyOffices.com for our family office database and our free book on family offices.

Related Resources

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