# The Family Wealth Alliance

The Family Wealth Alliance is a Multi Family Office based in Wheaton, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Wheaton, United States
- **Region:** North America
- **Address:** 240 E. Willow Avenue, Suite 102, Wheaton, IL 60187, United States
- **Founded:** 2003
- **Assets under management:** >$1T
- **Website:** familywealthalliance.com
- **LinkedIn:** https://www.linkedin.com/company/family-wealth-alliance-inc

## Regulatory record

- **Reports private funds:** No

## About

Tom Livergood founded The Family Wealth Alliance in 2003 after stints at Harris Private Bank and as a founding director of the Multi-Family Office Community at Family Office Exchange. The firm started as a research outfit, releasing the first public listing of North American multi-family offices in 2004 and establishing Multifamily Office Standards a year later. Over two decades it evolved into a selective membership body for advisory firms only—no competing constituencies from the client side. The Alliance's member firms collectively advise on more than $1 trillion of assets. Its roster includes multi-family offices, external CIOs, trust companies, and the family office practices of law and accounting firms—all B2B, all North America-focused. The platform sponsors Alliance Talks and a bound directory called Forte, and its Alliance Research unit produces benchmarking studies and trend syntheses. In January 2023 Charles Schwab acquired the Alliance, folding its events and data offerings into Schwab's advisor-services strategy without altering the membership model. A staff of 14 operates from Wheaton, Illinois, supporting roughly two dozen annual events and a steady cadence of industry reports. The Member Advisory Board includes executives from Aspiriant, Pitcairn, Pathstone, and Callan Family Office. In the 2025 Alliance Wrapped report—the latest annual retrospective—the firm spotlighted its expansion of the Forte directory and its growing suite of on-demand research. The Alliance's structure solves a genuine coordination problem: it aggregates benchmarking data and facilitates peer exchange that individual multi-family offices could not replicate on their own.

## Sectors

- Digital Health
- Healthcare Services

## People

- Rachel D. Hyman — President & Managing Director
- Thomas R. Livergood — Founder Emeritus

## Questions

### Who runs The Family Wealth Alliance?

Rachel D. Hyman serves as President and Managing Director. She leads a team of 14 from the firm's Wheaton, Illinois office. Founder Thomas R. Livergood holds the title Founder Emeritus. The Member Advisory Board includes senior leaders from Pathstone, Pitcairn, and other prominent multi-family offices.

### Is The Family Wealth Alliance a single-family office or an industry association?

Despite its name, Family Wealth Alliance LLC is an industry membership organization, not a family office. Its members are advisory firms—MFOs, external CIOs, trust companies, and professional-service practices—that collectively serve 120,000 private families. The firm itself manages no family capital.

### How does Charles Schwab's acquisition affect the Alliance?

Charles Schwab acquired The Family Wealth Alliance in January 2023. The same leadership team and membership model remain intact, but the acquisition gives Schwab a direct channel to the leadership of North America's most significant multi-family offices and their benchmarking data.

### What was the Multifamily Office Standards initiative?

In 2005, The Family Wealth Alliance released the first Multifamily Office Standards, a four-dimensional framework defining ten core services that the firm argued should anchor any credible MFO. The standards remain a reference point in the industry, cited in Alliance Research reports that continue to benchmark advisory practices.

### Does The Family Wealth Alliance invest directly in private companies?

No. The firm labeled "single-family office" in some databases does not operate an investment vehicle. The Alliance provides peer networking, events, and industry research to member firms. Altss research confirms direct co-investment, cannabis, and digital-asset tags apply to member activity, not Alliance balance-sheet deployment.

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Last updated: 2026-08-11T02:43:31.692Z

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