Your child needs a place where they are allowed to make financial mistakes on purpose. Real financial judgment requires experiencing consequences, making decisions with incomplete information, and learning what works through trial and error. I call this a Mistake Fund. It is a small, controlled pool of money, a learning environment where children develop judgment before the stakes become high. It exists so your child can experiment, take calculated risks, experience losses an

UBS’s Global Family Office Report 2025 captures insights from 317 family offices managing an average of USD 1.1 billion each. It reveals that wealthy families are holding steady amid global volatility, shifting more toward developed market equities, private debt, and healthcare or AI-driven investments. The biggest concern for 2025 is a potential global trade war, yet most family offices maintain a long-term, “all-weather” approach.