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Family Offices Look to Next Generation of Investors | Bloomberg Businessweek

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December 3, 2025

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New research from Bank of America Private Bank offers a rare look at how the world’s wealthiest families are preparing for a major generational handover, as nearly 60% expect a leadership transition within the next decade, and how next-gen leaders are reshaping investing, philanthropy, and innovation. The Bank of America Family Office Study captures over 300 family office leaders’ perspectives into how their organizations are navigating complexity and preparing for this seismic change.

Elizabeth Thiessen is a Managing Director and the Head of Family Office Solutions with Bank of America Private Bank. She breaks down the figures with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

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Guests & Subjects Covered

America Private BankThe BankAmerica Family Office StudyElizabeth ThiessenManaging DirectorFamily Office SolutionsAmerica Private Bank SheCarol Massar

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Family Offices Look to Next Generation of Investors | Bloomberg Businessweek · Bloomberg Podcasts · Sentinel