If you were going to work for a family office
Hello,
If you were going to work for a Family Office and could choose, which would you prefer:
- Working for a self made famiy such as the Dells, the Gates, the Trumps, etc?
Or
- Working for an establsished old money family such as the Rockefellers or Rothschilds?
Thanks
New money if only for the fact that with old money all you're expected to do is the status quo with the same people/providers from the past.
Rothschilds.
Old money>New money
Trump isn't new money. He's not even money. Trump is a millionaire actor who plays a billionaire.
Deutsche Bank valued his net worth at $788MM, and other wikipedia claims he's worth somewhere in between $3-7B. I'd say that's new money.
I think to base your employment decision on the above factor alone would be a big mistake.
Old money. They have been investing for generations, and will have a more robust operation. New money generally outsource to pwm/private bankers.
Grant Hill has a mezzanine fund in Orlando. Does that count?
MSD Capital and Cascade I think would be very good places to work...depending on what you're doing, of course.
IBPEHFVC, I've heard of MSD, but not of Cascade. Which family office is that? Thanks.
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