@jakeclaverqfop: Family offices allocate five to twenty percent to higher-risk asymmetric plays including private equity and early stage startups. The rest goes into wealth preservation strategies generating three to seven percent steadily. Insurance products, whole life policies, IULs, and estate planning structures are the tools that protect what has been built. Continuing to make concentrated bets with the majority of the portfolio after a liquidity event is the fastest path back to where you started.