Show Notes
We know that families of wealth have a huge ripple effect on the economy - in terms of jobs, entrepreneurship and community impact. But did you know we’re also in the midst of what they call the Great Wealth Transfer? It’s estimated that three and a half trillion dollars of wealth will pass between generations in Australia over the next two decades, and it's already begun. But there’s a huge point of tension emerging - will these families take the necessary steps to ensure their wealth thrives when they throw the keys to the kids and the grandkids? In this second episode of Purpose of Wealth, sit down with host Narelle Hooper as she chats with world leading advisor on family governance and wealth preservation, James (Jay) E. Hughes Jr., and Elizabeth (Lizzy) Goldfinch, Director in the Family Office Team at Mutual Trust, as they delve into how great transformations can take place when families reframe how they think about wealth, and what they really want to do with it.
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.
More from Purpose of Wealth
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What’s the secret to building an enduring family legacy that spans over 160 years? In this episode of The Purpose of Wealth, fifth and sixth generation members of the iconic Coopers Brewery, Melanie Cooper and Andrew Cooper share some of the highs, lows, and lessons with host Narelle Hooper.
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.