If you were going to work for a family office

Stevechang103's picture
Rank: Chimp | 13

Hello,

If you were going to work for a Family Office and could choose, which would you prefer:

  1. Working for a self made famiy such as the Dells, the Gates, the Trumps, etc?

Or

  1. Working for an establsished old money family such as the Rockefellers or Rothschilds?

Thanks

Comments (12)

Feb 29, 2012

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.

Feb 29, 2012

Rothschilds.

The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.

Feb 29, 2012
SonnyZH:

Rothschilds.

I didn't say it was your fault, I said I was blaming you.

Feb 29, 2012

Old money>New money

Feb 29, 2012

Trump isn't new money. He's not even money. Trump is a millionaire actor who plays a billionaire.

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Feb 29, 2012
IlliniProgrammer:

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 didn't say it was your fault, I said I was blaming you.

Feb 29, 2012

I think to base your employment decision on the above factor alone would be a big mistake.

Feb 29, 2012

Old money. They have been investing for generations, and will have a more robust operation. New money generally outsource to pwm/private bankers.

Feb 29, 2012

Grant Hill has a mezzanine fund in Orlando. Does that count?

Mar 5, 2012

MSD Capital and Cascade I think would be very good places to work...depending on what you're doing, of course.

Jul 7, 2013

IBPEHFVC, I've heard of MSD, but not of Cascade. Which family office is that? Thanks.

Jul 15, 2013
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