Byron Trott, of Goldman Sachs, helped Enterprise Rent-A-Car become a financial titan. Trott’s firm, BDT & MSD Partners, advises wealthy families on investing, raising capital, and diversifying their fortunes. They facilitated Patagonia’s founder transferring the company and advised on major mergers and sales, becoming a trusted partner in private wealth and finance.

Wealthy families seek patient capital from firms like BDT & MSD, which has $70 billion under management and 95% active business owner investors. The firm, chaired by Michael Dell, is a force in tech and facilitates collaborations between tech founders and established families, creating a unique blend of cultural and financial expertise.

BDT & MSD also helps families start and run their family offices, focusing on clear objectives and aligning incentives. Direct investing is a hot trend, but requires due diligence and professional teams. The firm’s advice on succession, inheritances, values, and philanthropy is invaluable, especially as next-gen wealth holders prioritize impact-based investing and careers.

Trott emphasizes that successful family wealth is about values, not material possessions. Regular client gatherings offer families a chance to share experiences and discuss important topics like teaching kids about investing and the importance of integrity as a guiding principle.

Read more at CNBC: How Byron Trott became the favorite banker of Warren Buffett