Show Notes
In this episode, host Narelle Hooper grabs a beer with Bob and Nicola Mac Smith at their pub in Cargo, New South Wales for a lively chat about farming, family, and forward-thinking. As fifth-generation farmers, now with the sixth generation, Sam, Jock, and Tom, stepping up - they know firsthand the ups and downs of life on the land. But instead of betting everything on farming’s unpredictable nature, they took a bold step into processing. More than 30 years ago, Bob and his brother Pete launched a small canola mill on their farm - a venture that has since grown into MSM Milling, a powerhouse in global agribusiness that’s on track to double its production. It’s a story of smart diversification, family wisdom, making sure your chair isn’t too wobbly, and how an investment meant to pay for Sam, Jock, and Tom’s boarding school fees turned out to be more rewarding than they ever imagined. Want to know more about the groundbreaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au or email us at [email protected]
Purpose of Wealth is hosted by Narelle Hooper
Producer and editor is Samuel Phelps Executive producer is Lauren McWhirter See omnystudio.com/listener for privacy information.
More from Purpose of Wealth
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In this episode of The Purpose of Wealth, renowned family wealth consultant, educator and psychologist Dr. Jim Grubman sits down with host Narelle Hooper to dismantle the fear-based narratives surrounding intergenerational wealth transfer.
We know family offices are unique and idiosyncratic. But what about the people that run them? In this episode of Purpose of Wealth, host Narelle Hooper chats with Tammy Hurst, director at Mutual Trust in Adelaide. Tammy has a surprising career journey that stretches from accounting and law, to the Royal Navy, to starting and running a single-family office (SFO) from scratch. Tammy shares her personal experiences from her career managing complex family affairs, the challenging conversations required to guide families through tough investment decisions and some valuable lessons from military leadership training. Plus, if you ever face a logistical challenge of moving an elderly cat across continents, Tammy's your person. Want to know more about the ground-breaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au or email us at [email protected] Purpose of Wealth is hosted by Narelle Hooper Producer and editor is Samuel Phelps Executive producer is Lauren McWhirter See omnystudio.com/listener for privacy information.
In Episode 24 Family Stories: the Heart of Legacy, host Narelle Hooper spoke to historian Dr Stella Barber about documenting the story of your family, and why it’s so important to family legacy for future generations. In this episode, Narelle returns to the topic with journalist Damon Kitney, who has intimate experience telling the stories of the challenges and triumphs behind some of Australia's best-known families (James Packer, Warren Anderson, Lindsay Fox, Carol and Alan Schwartz, Kerry Stokes, Jennifer Nason, the Wilson family and many more). They chat about the motivations and tensions in documenting and preserving intergenerational wealth, entrepreneurial resilience and the role of humility and communication in successful wealth transfer. Want to know more about the ground-breaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au or email us at [email protected] Purpose of Wealth is hosted by Narelle Hooper Producer and editor is Samuel Phelps Executive producer is Lauren McWhirter See omnystudio.com/listener for privacy information.