Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets

HGGC's Steve Young & True North Advisors' Scott Wood - "the score takes care of itself" on the field and in investing

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Oct 16, 2024
Steve Young, the founder of HGGC and a three-time Super Bowl champion, teams up with Scott Wood, founder of True North Advisors, a wealth management firm specializing in alternatives. They discuss the significance of shared values in business and the phrase 'the score takes care of itself' as a guiding principle. The duo explores long-term relationships in finance, the innovative fee-only model, and how cultural alignment drives successful partnerships. Their conversation highlights the evolving landscape of alternative investments and the importance of mentorship in shaping the industry.
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ANECDOTE

From Football Field to Private Equity

  • Steve Young transitioned from the NFL to private equity, finding a surprising parallel.
  • He prioritized building relationships and teamwork over pure profit, leading to HGGC's founding.
INSIGHT

Early Adoption of Fee-Based Advisory

  • Scott Wood's early exposure to fee-based advisory at Chase Manhattan shaped his career.
  • Recognizing the limitations and conflicts within traditional banking, he co-founded True North Advisors, a fee-only independent RIA.
INSIGHT

The Importance of Shared Values

  • Shared values and culture are crucial for successful partnerships and business building, as exemplified by HGGC and True North Advisors' cultural fit.
  • Prioritizing client needs and building abundant relationships contribute to long-term success.
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