The Billion Dollar Question: When Do You Actually Need a Family Office? - Ilka Gregory

Long Angle is a private, vetted global community of accomplished entrepreneurs, executives, and professionals who have reached meaningful financial milestones and want to navigate wealth with peers who understand their challenges, opportunities, responsibilities, and ambitions.

Hosted by the founders of the Long Angle community, Navigating Wealth is a podcast for founders, executives, and investor operators who have built significant wealth. Each episode features a guest with an unusual career journey and deep expertise across some aspect of the economy, investing, family, health, or lifestyle.

Today we're thrilled to welcome Ilka Gregory, President and CEO of a seventh-generation single family office that's been managing wealth since 1866. With two decades of experience across Goldman Sachs, Bessemer Trust, Lazard Family Office Partners, and Third Avenue Management, Ilka brings rare insight into what it takes to steward family wealth across multiple generations and navigate the complex decisions that come with substantial assets.

Key Topics Covered:

• What a family office actually is and when you need one

• Managing wealth across seven generations and 80+ family members

• The reality of the "shirtsleeves to shirtsleeves" wealth cycle

• How to prepare the next generation without paralyzing them

• State tax policy impacts on family office location decisions

• Integrating spouses and stepchildren into family governance

• Practical guidance for first-generation wealth creators

• Building trusted advisor relationships and peer networks

Links:

• Connect with Ilka Gregory: https://www.linkedin.com/in/ilka-gregory/

• Learn More About Daily Body Coach: http://www.dailybodycoach.com/navigatingwealth

• Subscribe to our free newsletter: https://www.longangle.com/navigating-wealth-podcast

• Apply to join Long Angle’s Community: https://www.longangle.com/apply-now-nw