Dallas business mogul Darwin Deason sold Affiliated Computer Services to Xerox for $6.4 billion in 2010. With such a big windfall to manage, the late billionaire beefed up what has become the tool of the ultrawealthy to manage their fortunes: the family office. These offices handle a range of per sonal matters, although many of them have evolved into what Deason’s is today — a flourishing investment machine that will grow his family’s wealth for generations. Influencer and boxer Jake Paul realized at 29 that he, too, could use a centralized system to handle his slew of prosperous endeavors. Inspired by high net-worth people he met in his early 20s, he started his family office earlier this year and hired Wall Street-turned-Dallas finance professional Laura Brady to set it up. With a staggering $19.2 billion deployed in 2024 by roughly 190 Dallas-area family offices, estimates Praxis Rock Advisors, a growing number of the ultrawealthy use their family offices to quietly access private investments and early stakes in companies. Because they are designed to support only family members, single-family offices do not have to register as investment advisers with the U.S. Securities and Exchange Commission. Click here to read more on this report from our partners at The Dallas Morning News. ...read more read less