Building a Family Office That Lasts: Lessons in Wealth, Legacy & Leadership - TFBS Episode 116
Scott Saslow, founder of One World Investments and author of Building a Sustainable Family Office, joins Michael Palumbos to deliver a powerful and practical roadmap for turning post-liquidity wealth into a lasting legacy.
Scott has advised executives at firms like Gap Inc., BlackRock, Google, and Apple, and now brings that wisdom to family enterprise leaders navigating complex transitions after an exit. With deep candor and strategic insight, Scott dismantles myths about family offices, reveals the biggest mistakes families make after selling, and shares how values—not spreadsheets—are the true foundation of generational wealth.
He discusses:
◽️ Why building a family office is like starting another company
◽️ The emotional and strategic risks post-liquidity families face
◽️ What most advisors miss when it comes to purpose and cohesion
◽️ How to protect legacy by aligning mission with money
◽️ Real-world frameworks for structuring sustainable family capital
Timestamps:
00:00 – Intro
01:52 – Why Scott wrote Building a Sustainable Family Office
03:30 – Working inside a $4B family office
05:42 – The difference between making money and keeping it
09:01 – What families misunderstand about capital
11:24 – Using the same business principles post-exit
13:44 – “If you’ve seen one family office…”
15:14 – A family office is never ‘done’
17:35 – The danger of skipping infrastructure
19:30 – “I don’t want to manage people” (and better models)
21:15 – Hiring too early and without structure
23:01 – Starting a family office = running a new business
26:52 – Interesting ways to use capital with purpose
28:00 – The power of emotional intelligence in legacy
28:28 – “Legacy without unity is just money.”
30:12 – Advisory team blind spots
34:41 – Why every family capital plan needs a mission
37:47 – Preparing for the worst-case scenarios
40:11 – Scott’s biggest takeaway from working across dozens of family enterprises
42:19 – Closing thoughts: designing a future-proof family office
44:00 – Outro
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#familybusiness #leadership #wealth #familyoffice #legacyplanning #successionplanning
#wealtharchitecture #valuesdrivenleadership #postliquiditystrategy
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