“A lot of family office principals, unless they’ve worked in finance – they should not be solely making the decision on which RIA to hire.” – Scott Saslow
Scott Saslow is the founder, CEO, and family office principal for ONE WORLD. He’s also the founder and CEO of The Institute of Executive Development, as well as the author of Building a Sustainable Family Office: An Insider’s Guide to What Works and What Doesn’t, which at the time of the podcast launch is the only book written for family office principals by a family office principal. Scott is also the host of the podcast Family Office Principals where he interviews principals on how families can be made to be more resilient. Prior, he’s also found independent success at both Microsoft and Seibel Systems.
You can find Scott on his socials here:
LinkedIn: https://www.linkedin.com/in/scott-d-saslow-46620/
Website: https://www.oneworld.investments/
Family Office Principals’ Podcast: https://oneworldinvestments.substack.com/podcast
Listen to the episode on Apple Podcasts and Spotify. You can also watch the episode on YouTube here.
OUTLINE:
[00:00] Intro
[02:09] The significance of ‘ojos abiertos’
[05:49] Scott’s relationship with his dad
[07:46] The irony of Scott’s first job
[11:19] Family business vs family office
[13:50] The corporate structure of a family office
[17:39] From multi family office to single family office
[18:54] The steps to pick a MFO to work with
[22:37] The 3 main functions a family office has
[31:00] Why Scott passed on SpaceX
[36:07] Why Scott invested in Ulu Ventures
[44:23] What makes Dan Morse special
SELECT LINKS FROM THIS EPISODE:
- One World Investments
- Microsoft
- Siebel Systems
- SpaceX
- Chicago Cubs
- Chicago Bears
- Chicago Bulls
- Michael Jordan
- Rothschild family
- Walton family
- Larry Page
- Sergey Brin
- Building a Sustainable Family Office by Scott Saslow
- Goldman Sachs
- Morgan Stanley
- Joshua Kanter
- “The Benefit of the Family Voice in Family Office Leadership” on Family Office Principals
- Starlink
- Tesla
- Ulu Ventures
- Miriam Rivera
- Clint Korver
- Stanford University
- Family Office Principals podcast
- Dan Morse
- On Deck
SELECT QUOTES FROM THIS EPISODE:
“A lot of family office principals, unless they’ve worked in finance – they should not be solely making the decision on which RIA to hire.” – Scott Saslow
“The three main functions that family offices tend to have are investment management, accounting and taxes, and estate planning and legal.” – Scott Saslow