Family Office: Working through Diversification, Acquisitions, and Transitions with Austin Rissler
Austin Rissler is a mathematician and geopolitical scientist, by training, who found his way into commercial banking a decade ago. When he's not working with c-suites to optimize capital strategies, he spends his time hiking outdoors with his wife and three kids.In this episode, Austin talks about how he and Fifth Third Bank help family offices work through diversification, acquisitions, and transitions. He shares why working through these and making investment decisions come down to the families’ priorities. He also talks about what makes a transition of wealth or decision-making authority in family offices successful. Austin will also talk about what most family offices are worried about right now. Listen in![00:01 – 05:33] Opening SegmentWelcoming Austin to the showHe shares his backgroundAustin’s path to commercial bankingAustin on being “industry-agnostic”[05:34 – 20:29] Working through Diversification and AcquisitionsWhat compelled Austin to move to Fifth Third BankHow he defines a family officeFifth Third’s partnership with family officesHow he helps families work through diversificationWhy it’s driven by prioritiesIdentifying potential acquisitionsWhat makes a family office successful in uncertain times[20:30 – 31:16] What Makes Transitions in a Family Office SuccessfulTransitioning of wealth and decision-making in a family officeIt doesn’t happen overnightWhere Austin see bumps during transitionsThe biggest worries in the family office community right nowGetting smart on potential investmentsAre most families bullish or bearish on their underlying investments?[31:17 – 37:01] Closing SegmentAustin and I talk about Vanderbilt FootballHow you can connect with AustinClosing wordsTweetable Quotes“There are going to be some deals out there that are fantastic deals for equity, there are fantastic deals for debt, and then, a lot of them are out there where it sits right in between – that's really the sweet spot that we want to try and work with our family office partners to find.” - Austin Rissler “What I've seen is that the most successful family offices are those that can maintain their excitement around an investment, around deploying capital, but can also maintain a discipline both through their diligence process and their investments.” - Austin Rissler------------------------------------------------------------------------------------------Connect with Austin:LinkedIn: https://www.linkedin.com/in/austin-rissler-a819709/Phone: 615-687-8068Email: Austin.Rissler@53.comConnect with me:LinkedInLIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.