Scared to outsource your investments? Have you considered this?
The hesitation is understandable — but the way most families handle it is making things worse.
In this clip, Daniel Bird — a private credit and distressed investing veteran with over 25 years of global markets experience — tackles one of the most common tensions wealthy families and institutional investors face: the reluctance to hand over discretion to an outside manager. Daniel's take is refreshingly practical. If you're not ready to go all in, don't — start with a smaller allocation and build trust over time. But whatever you commit, commit fully. Half-hearted outsourcing with constant second-guessing produces the worst of both worlds. The answer isn't more control — it's a better plan executed with conviction.
Daniel Bird is a private credit and distressed investing expert with over 25 years of experience across liquid markets, private credit, distressed debt, and complex special situations. He has structured billion-dollar transactions at Merrill Lynch and managed private credit portfolios at Hayfin, and advises family offices, pension funds, and institutional investors on balancing public and private strategies, managing risk, and identifying opportunities in overlooked or complex deals.
Joshua Wilson is the host of The Investor Relations Podcast and CEO & Executive Producer of Smooth Stone Capital. Holding FINRA Series 79 and 63 licenses, a Florida real estate broker license, and over a decade of experience, Joshua has conducted more than 2,000 interviews with public company executives, IR professionals, SPAC sponsors, M&A advisors, and capital markets practitioners. His network spans four active podcasts covering the full spectrum of capital markets, from deal origination to investor communications to public company readiness.
The Investor Relations Podcast is built for the people actually making capital markets decisions — IR officers, CFOs, investment bankers, family offices, and capital markets advisors who need sharp, practitioner-level insight. Every episode goes beyond the surface to deliver the kind of candid intelligence that moves the needle on how public companies communicate, raise capital, and build long-term investor relationships. Subscribe so you never miss a conversation that matters.
#shorts #theinvestorrelationspodcast #familyoffice #capitalmarkets #investorrelations #privatecredit #outsourcing #wealthmanagement #capitalallocation #institutionalinvestors #investmentmanagement #familyofficestrategy
🎧 Like what you heard? The complete episode is live at theinvestorrelationspodcast.com
🔗 Connect with Daniel Bird: https://www.linkedin.com/in/daniel-bird-18456a42/
Disclaimer: Joshua Wilson holds FINRA Series 79 and Series 63 licenses and is a licensed Florida real estate broker. The content of this podcast is for informational and educational purposes only and should not be construed as legal, financial, investment, or compliance advice. All views and opinions expressed by the host and guests are their own and do not represent the views of Smooth Stone Capital or any regulatory body. Guest appearances do not constitute an endorsement of the guest, their firm, or any products or services they offer. Information discussed may not be current or accurate at the time of listening. Listeners should consult their own legal counsel, compliance team, or financial advisor before making any decisions based on content heard in this podcast. Nothing in this podcast constitutes a solicitation, recommendation, or offer to buy or sell any security or financial product.
Let’s Connect on LinkedIn:
https://www.linkedin.com/in/joshuabrucewilson/
To Contact Us, Please Visit:
