Episode 4 The wisdom of Elders - Lady Marigold Southey AC

You’ve invested blood, sweat, tears and hard earned cash into your business. But as much as things might be going OK,  you never know what’s around the corner.

“Nothing is certain except death and taxes”  Benjamin Franklin once said.

In modern life, turns out there’s a multitude of other complicated twists you might also have to deal with - all the D words - Divorce, Defactos, Family Dynamics, Cognitive Decline, and the list goes on.

This brings with it a bunch of legal, financial, and personal considerations, which all come under the heading Succession Planning.

Basically, making sure you are sorted for things that might happen and the one thing we all know definitely will happen. 

So let’s get on board the D Bus and talk through the issues with Australia’s very own Will Whisperer - Eliza Newson, Director - Trustee Services with Mutual Trust in Melbourne. 

Want to know more about the ground breaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au - or email us at purposeofwealth@mutualtrust.com.au 

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.

Thanks to the research Why the Modern Family Office Matters, we know that wealthy families have a huge positive social and economic impact on our nation.

But lasting impact depends on those families going the distance, prospering over the generations. And an important part of prospering is having open conversations about the challenges of wealth transfers, and sharing family history. 

In this special episode of Purpose of Wealth, host Narelle Hooper sits down with Lady Marigold Southey, the daughter of one of Australia’s most significant retail empires.

How has the Myer family built and maintained such a substantial business and philanthropic legacy into its fifth generation? What is the glue that keeps the family together?

You’ll find out from Lady Marigold Merlyn Baillieu Southey AC herself. 

Want to know more about the ground breaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au - or email us at purposeofwealth@mutualtrust.com.au 

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.

A bit like the evolution of the interweb, wealth advice has gone through some fairly hefty iterations.

From a time when it was largely about money and compliance, to approaches that demand a far deeper understanding of family dynamics, as well as a holistic approach to wealth. 

Where we’re at now has been termed Wealth 3.0.

It involves a pretty big mindset shift - not only for founders and family elders who have been guarding and growing their assets since formation, but also for the advisers who guide them. 

In this third episode of Purpose of Wealth, host Narelle Hooper unpacks developments in the role of family wealth advice, the new skills this is demanding of wealth advisers, and a look ahead to what’s coming - as she sits down with Dr Dennis T Jaffe, co-author of Wealth 3.0: The Future of Family Wealth Advising, and Brad Simmons, partner in the Family Office with Mutual Trust. 

Want to know more about the groundbreaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au - or email us at purposeofwealth@mutualtrust.com.au 

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.

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 purposeofwealth@mutualtrust.com.au 

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.

Mutual Trust and the University of Adelaide Business School have recently released ground breaking research Why a Modern Family Office Matters. It’s the first of its kind in Australia to reveal the contributions our wealthiest families make to the nation. 

You probably know that lasting impact depends on families going the distance, protecting and growing their wealth over generations. 

But that's not a guarantee, and more often than not family wealth transfers go wrong. This is where the value of a Family Office comes in. 

In this first episode of Purpose of Wealth, you’ll learn some surprising facts about the impact of family wealth in Australia, and bust open some secrets on how successful families do it, as host Narelle Hooper speaks with Associate Professor, Dr. Christopher Graves, director of the Family Business Education and Research Group at the University of Adelaide Business School and Jeff Steiner, Mutual Trust’s head of Family Office. 

Want to know more about the ground breaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au or email us at purposeofwealth@mutualtrust.com.au 

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.

Episode 1 dropping Monday November 13 2023. 

Purpose of Wealth: the secret to protecting and growing intergenerational wealth is a brand new podcast from Mutual Trust, Australia’s leading modern Multi-Family Office.

Hosted by Narelle Hooper, award-winning Australian editor and interviewer (Company Director magazine and AFR BOSS), non-executive director of The Ethics Centre and author New Women, New Men, New Economy, the podcast features high net worth leaders and top global experts. 

Join Narelle and her guests such as James (Jay) E. Hughes Jr, Dennis T. Jaffe, and Lady Marigold Southey as they explore why a modern Family Office matters, how to find purpose and alignment, the positive impact your wealth can have in business and the community, plus the conversations your family should be having, now. 

Find out what you need to fully prepare and protect your intergenerational wealth. 

Subscribe now and turn your notifications on so you don’t miss a beat.

Want to know more about the groundbreaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au - or email us at purposeofwealth@mutualtrust.com.au 

See omnystudio.com/listener for privacy information.

Purpose of Wealth: the secret to protecting and growing intergenerational wealth is a brand new podcast from Mutual Trust, Australia’s leading modern Multi-Family Office.

Hosted by Narelle Hooper, award-winning Australian editor and interviewer (Company Director magazine and AFR BOSS), non-executive director of The Ethics Centre and author New Women, New Men, New Economy and featuring high net worth leaders and top global experts. 

Join Narelle and her guests as they explore why a modern Family Office matters, how to find purpose and alignment, the positive impact your wealth can have in business and the community, plus the conversations your family should be having, now. 

Five fascinating new episodes coming your way very soon - subscribe and flick on your notifications, and we’ll make sure you’ve got all the information you need to be fully prepared to protect and grow your intergenerational wealth. 

See omnystudio.com/listener for privacy information.