Building a Family-Focused Office for Sam Zell
Scott Peppet built a family-focused office for Sam Zell's family. Why most family offices are really money offices, and what the alternative looks like.
On the show
The Business Family Diagnostic · Stewardship
A family office, or a money office?
Scott judges the office by how much it helps the family grow, and by the level of trust in the system. Do the adults in your family understand, in broad terms, how its wealth is invested and why?
“Our advisers work from one shared picture.”
Biography
Scott serves as president of Chai Trust Company, LLC, the private trust company that serves as the family office for Sam Zell and his family. Equity Group Investments (EGI), a division of Chai Trust Company, LLC, provides investment management services on behalf of Chai Trust.
From 2000 to 2018 Scott was a professor of law at the University of Colorado, where he focused on bargaining and dispute resolution, transactional law, and the complexities of multigenerational family enterprises. Scott speaks regularly on the topics of family offices, private trust companies, and intergenerational leadership. He maintains an active website about such issues at scottpeppet.com.
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