Episode 24: Wendy Diamond on Navigating Strategic Growth in Family Wealth Office Structures

R. Adam Smith welcomes Wendy Diamond, Chicago Office Tax Managing Partner and head of the US Family Enterprise platform at Deloitte. With over 25 years of experience advising multi-generational businesses, Diamond shares valuable insights on family office management challenges and strategic growth opportunities in today's complex business environment. The conversation explores key findings from Deloitte's recent family enterprise survey, particularly the perception gap between current and next-generation leadership regarding succession planning. Diamond emphasizes the importance of transparency in leadership transitions, board governance evolution, and strategic talent management. She also discusses how family enterprises are increasingly diversifying their investments through private equity and other asset classes, while simultaneously addressing emerging challenges like cybersecurity and technological transformation in the family business enterprise ecosystem.