Two years ago, Michael and I started envisioning a multi-family office that would define our families’ legacies. In June 2025, we launched Dishmi Capital – six months later we’ve grown to over $200MM in new AUM and serving an exceptional group of entrepreneurs, investors, engineers, athletes, and creators. We are deeply grateful to our partners and privileged to serve – on behalf of our entire team, thank you for the trust you place in us.

We’re at a moment where wealth management is being reshaped in real-time: huge amounts of private equity capital flooding in, record M&A activity and consolidation, and an explosion of complex investment products. We’ve lived at the epicenter of this – as clients and as builders – and seen the cracks up close. The biggest crack: The Principal Agent Problem.

“Bigger firms – all other things equal – are generally worse… the principal and the agent are highly separated.” – Naval Ravikant writes about The Principal Agent Problem.

The reality is that our industry is shifting towards greater misalignment between advisors and clients’ best interests, goals, and objectives. So we built Dishmi differently.

Michael and I are not your typical advisors – educated at Massachusetts Institute of Technology and The University of Chicago Booth School of Business, cut our teeth at white-shoe firms such as Goldman Sachs, PIMCO, J.P. Morgan, and Credit Suisse – then left to build investment management firms including Caerus Investment Advisors, LLC (VC, PE, special situations) and Simplify Asset Management ($10B+ AUM, alternative ETFs).

We’ve also navigated the same liquidity events our clients face – IPOs, exits, generational wealth creation – for our own families. We understand the math, as well as the emotions, the decisions, and the psychology.

As Joshua Brown recently wrote (“You can’t stop what’s coming”):

“The next wave of entrants into the wealth management industry are very different than those who have come before. They’re the kids who graduated high school with honors, having had a dozen AP classes under their belts and all manner of rigorous coursework in the top universities across the country. In prior generations, none of them would have ever even considered wealth management as a vocation, largely because the profession barely existed until recently. These are the kids who previously would have been headed directly into the investment banking gulags of Wall Street, working 80 to 100 hours per week with dreams of becoming a dealmaker or a trading phenom, ultimately destined for a career in M&A, underwriting, hedge funds or conquering the corporate climb at firms like Goldman Sachs and J.P. Morgan.”

We are that next wave.

If you’re someone who wants to be a part of building the future of the wealth management industry — let’s talk. Follow us at Dishmi Capital. We’re just getting started.

 

 

This commentary reflects the personal opinions, viewpoints and analyses of the Dishmi Capital, LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Dishmi Capital, LLC or performance returns of any Dishmi Capital, LLC client. The `views reflected in the commentary are subject to change at any time without notice. Nothing in this commentary constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Dishmi Capital, LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.