Today we are exploring the evolution of the family enterprise with one of the foremost experts in the field, Peter Moustakerski.

As the CEO of Family Office Exchange, Peter sits at the center of a global network of over 400 ultra-high-net-worth families. In this interview, we break down the five stages of family office growth — from the early-stage business family to the advanced enterprise. We also discuss the human side of wealth: why preparedness and happiness often matter more to families than tax structures and ROI.

Peter shares fascinating stories from his thirteen entrepreneurial years in China and his time spent building the Dalio family office, offering a rare look at how the world’s most successful families transition from managing a business to managing a legacy.

Please enjoy my conversation with Peter Moustakerski.

NOTE: This podcast is for educational and entertainment purposes only. Nothing said by the guests or host should be construed as legal or investment advice. Thanks for listening.

Joe Reilly runs Circulus Group and is the host of the Private Capital Podcast as well as the Inheritance Podcast.

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Thanks for listening. If you enjoy the podcast, please share it with your friends and take a minute to leave a review on Apple Podcasts. We appreciate it.

S5E4

©2026 Joe Reilly

Today’s guest sits at the unique intersection of Manhattan’s fashion history and the high-stakes world of venture capital. Ed Goodman is the grandson of Edwin Goodman, the man who built the Bergdorf Goodman empire at 58th and Fifth. But Ed’s story isn’t just about inheriting a legacy; it’s about the evolution of American business.

In this episode, Ed takes us inside the decision to sell the family’s retail business in 1972 while making the brilliant, and incredibly lucrative, bet to keep the real estate. We also dive into Ed’s second act: a decades-long career in venture capital where he was an early investor in Apple and a partner to industry legends like Alan Patricof. From his time in the Marine Corps to his philosophy on raising responsible children in the face of great wealth, Ed shares a masterclass on adaptability, transparency, and what it really means to be an entrepreneur.

Please enjoy my conversation with Ed Goodman.

NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening.

Activate Capital: https://activatevp.com/team/ed-goodman/

Joe Reilly runs Circulus Group, and the host of the Private Capital Podcast as well as the Inheritance Podcast.

FOLLOW JOE: https://twitter.com/joereillyjr

WEBSITE: circulus.substack.com

PRIVATE CAPITAL PODCAST: https://podcasts.apple.com/us/podcast/private-capital/id1644526501

Thanks for listening. If you like the podcast, please share it with your friends and take a minute to leave us a review on Apple Podcasts. We appreciate it.

S5E3

©2026 Joe Reilly

“I don't think the system, the family system, can thrive until you focus on the individual.”

Jill Shipley is one of the most thoughtful people working today in the family wealth space. She has been working closely with substantial families for years and has many interesting takes on family unity, prenups, secrets, and baggage, how to train wealth advisors, and what the shows Succession and Billions get wrong.

Jill Shipley is Managing Director and Head of Family Governance and Education at AlTi Tiedemann Global. Prior to joining Tiedemann, Jill was Senior Managing Director at Cresset Capital, leading the firm’s governance and education practice, and prior acted as Managing Director in the Institute for Family Culture at Abbot Downing, where she was a family wealth consultant focused on family dynamics, education & governance, family business transitions, and social impact analysis. Jill has been on the faculty with Stetson University’s School of Business, where she taught courses on family businesses. She also served as an invited faculty member with the University of Pennsylvania’s Wharton Executive Education Wealth Management Program. Jill holds both an MBA and a Bachelor of Science in Business Administration from Stetson University.

Please enjoy my conversation with Jill Shipley.

WEBSITE: https://alti-global.com/people/team/jill-shipley

NOTE: This podcast is for educational and entertainment purposes only. Anything said by the guests or host should not be construed as legal or investment advice. Thanks for listening.

Joe Reilly runs Circulus Group, and the host of the Private Capital Podcast as well as the Inheritance Podcast.

FOLLOW JOE: https://twitter.com/joereillyjr

WEBSITE: circulus.substack.com

PRIVATE CAPITAL PODCAST: https://podcasts.apple.com/us/podcast/private-capital/id1644526501

Thanks for listening. If you like the podcast, please share it with your friends and take a minute to leave us a review on Apple Podcasts. We appreciate it.

The views expressed herein are those of Jill Shipley and do not necessarily reflect the views of AlTi Global, Inc. or its affiliates (“AlTi”). This is for informational purposes only and does not constitute investment advice, an offer to buy or sell any financial product, a solicitation to become an advisory client of AlTi or an investor in any AlTi-advised fund, or an endorsement of AlTi, its advisory services, or investment strategies, including AlTi-advised funds. While the information and views presented are believed to be accurate and expressed in good faith, there is no assurance that they are correct, complete, or will not change over time. All investments carry risk, including loss of principal. Past performance is not indicative of future results.

S5E2

©2026 Joe Reilly