Tolleson Wealth Management

Tolleson Wealth Management

Tolleson Wealth Management was founded in 1997 by John Tolleson after he realized gains from First USA. Carter Tolleson, his son, serves as CEO. The firm started as a single-family office and transitioned to a multi-family platform that now advises multiple client families across generations. The firm allocates across private equity, real estate, private credit, hedge funds, and secondaries. It maintains a direct co-investment program and participates in fund commitments. Confirmed holdings include OpenAI through its co-investment platform as well as On the Road Lending. Public equity exposure includes large ETF holdings such as LRGF and INTF. The geographic footprint centers on North America with pipeline interest in Europe and Asia. Tolleson employs professionals across investment, banking, and family office services. It operates offices in Dallas and University Park. Adjacent vehicles include the Tolleson Family Foundation and Prairie Creek Partners Charitable Foundation. In February 2025 the firm appointed Peter Chilian, a JPMorgan veteran, as president. Tolleson integrates private banking and trust services directly with investment management rather than outsourcing these functions. This structure allows coordinated advice on liquidity, tax, and governance for client families that maintain multi-generational wealth.