Inside the World of the Ultra-Wealthy | Advising on $23 Billion in Assets Trailer

Today we have a very special guest. Molitsky, who is a serial entrepreneur. His latest business, which advises over 250 of some of the world's wealthiest families, with about $23 billion of assets under advisement.

So I gave him a number. 25, 30,000, something like that. And then he says to me, oh, that's it. And I was like, it just dawned on me that I made a colossal mistake. And I'm like, oh, I mean, her location, of course. I'm thinking to myself, you greedy little bastard, you should have just taken. I was going to shut down the thing anyway. A week later he showed. It was like a scene out of a movie with, like, duffel bags of cash. And he's like, I have 180,000 as a first deposit.

Do you have any lessons about that journey?

There was something structurally and fundamentally problematic with the way the financial service world or the wealth management ecosystem was structured. A lot of people spend a lot of time focused on the nature of the investment, how to navigate markets. Frankly, like, that's uninteresting.

Like, how do you get someone to trust you with their money?

One of three things has to be true.