familywealth

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.

Abraham Lincoln, one of the most iconic figures in American history, left behind an incredible legacy as the 16th President of the United States. But what many don't realize is that he also left a profound lesson in estate planning—or rather, the lack thereof.

Unlock the wisdom of one of history's greatest leaders and transform your approach to estate planning. Don't miss out on this thought-provoking video that could change your life.

🔍 Explore the life of Abraham Lincoln 📜 Learn from his estate planning strategies 📝 Secure your financial future 💡 Gain peace of mind 🧠 Transform your approach to estate planning

In this video, we delve deep into Lincoln's life and uncover the surprising truth about his estate plan, or the absence of a comprehensive one. You'll be astonished to learn that a man known for his meticulous attention to detail in his political career left his personal affairs in a state of disarray.

Discover the challenges and legal complications that arose in the aftermath of Lincoln's tragic assassination. His family struggled with financial instability and uncertain futures, all because he had not adequately prepared for the unexpected.

Through this exploration, we'll highlight the critical importance of estate planning, and how Lincoln's oversight serves as a poignant reminder of what can happen when you don't have a solid plan in place. Learn from Lincoln's mistakes and ensure that your loved ones are protected and financially secure, even when you're no longer there to provide for them.

This video is a wake-up call, urging you to take action and secure your family's future through sound estate planning. Don't miss this eye-opening lesson from history that could change the way you think about your own legacy. Join us in uncovering the untold story of Abraham Lincoln's estate plan, or the lack thereof.

Picture this: that horrible knock on the door, the c-word, or that dreaded phone call informing you that someone you love has been in a car accident. Life is unpredictable, and we want to make sure you're protected through it all. In this eye-opening video, we draw invaluable lessons from Abraham Lincoln's life that will change the way you think about estate planning and unfinished business forever.

🎩 Join us as we explore Lincoln's incredible journey from humble beginnings to the presidency, all while unraveling the secrets behind his meticulous estate planning. Discover the strategic decisions he made that ensured his legacy lived on, and how you can apply them to your own life.

✅ That's where we come in. We've got your back, no matter the difficulty. Our app is designed to give you a Plan B, ensuring your finances are taken care of, even in the worst-case scenario. Download our app today and gain peace of mind.

🌐 But wait, there's more! We've also created a Facebook group with FREE webinars that dive deeper into this topic. Join us and learn how to secure your financial future. Click the link below to join now!

🔗 https://linktr.ee/yourbackupplan

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#AbrahamLincoln #EstatePlanning #FinancialSecurity #Legacy #UnfinishedBusiness #LifeLessons #PresidentialLegacy #PeaceOfMind #Family #WealthProtection #PlanB #FinancialPlanning #HistoricalWisdom #SecureYourFuture #FinancialSuccess #LegacyPlanning #FinancialFreedom #SmartInvesting 

Our Media Kit for speaking engagements or Webinars, and all Social Media! https://yourbackupplanapp.my.canva.site/

Defining Philanthropy:

• Philanthropy is introduced as a means of improving the world by utilizing available resources.
• Melinda Gates' quote on philanthropy is shared to emphasize its significance.
• Philanthropy's role in legacy planning is discussed, focusing on passing down shared values and making a positive impact on society.

Generational Wealth and Philanthropy:

• Generational wealth is explained as a collection of assets built over time, providing financial stability and opportunities for future generations.
• Incorporating philanthropy into wealth management allows individuals and families to align their values with their financial decisions.
• Philanthropy goes beyond financial success, offering a sense of purpose and fulfillment.

Starting the Philanthropic Journey:

• Recommendations are provided for those new to philanthropy, including starting small, identifying causes of interest, and seeking guidance from professionals.
• The benefits of philanthropy in strengthening family bonds and instilling social responsibility are highlighted.

The Two Dimensions of Philanthropy:

• Philanthropy's focus on creating lasting and sustainable change is discussed, emphasizing addressing root causes and filling gaps through innovation.
• The example of a client, Jane, is used to illustrate the transformative power of integrating philanthropy into wealth management.

Engaging the Rising Generation:

• The importance of uniting family members around a common philanthropic cause is emphasized.
• Uniting generations fosters a sense of social responsibility and a culture of generosity.
• Family philanthropy can work in collaboration with other organizations on a global scale.

Benefits of Philanthropy:

• Philanthropy's influence, ability to bring about change, and role in advocating for social causes are highlighted.
• Emotional and personal benefits for donors, including increased well-being, are discussed.
• Philanthropy as a means of fulfilling social responsibility and leaving a positive legacy is explained.
• Tax benefits and improved networking and reputation are additional benefits.

Timing for Philanthropy:

• Considerations for determining the best time to start philanthropy are outlined, including ensuring financial stability and alignment of values.
• The personal nature of the philanthropic journey and its adaptability over time are emphasized.

Not Giving Back and Its Impact:

• The significant impact of not giving back on society is discussed.
• Insufficient support for social causes, limited funding for research and innovation, and less progress in critical areas are consequences of reduced philanthropy.

Further Learning:

• Recommendations for learning more about philanthropy, including book and Netflix series suggestions, are provided.

Conclusion:

• The episode concludes by summarizing the potential for positive change through family philanthropy.
• The significance of making a meaningful impact and shaping a better world for future generations is emphasized.

Introduction:

● Host Cory introduces Gena Rotstein, a leading figure in Canada's social enterprise and philanthropy realm.

● Her unique journey and perspective promise a captivating conversation.

From Collaboration to Innovation: Karma & Cents:

● Cory sheds light on Gena's collaboration with Richard Ouellette,, which gave rise to Karma & Cents, an innovative social impact lab.

● This venture stands as a testament to Gena's dedication to driving positive change in society.

A Unique Perspective on Wealth's Purpose:

● Gena's journey is colored by her distinctive perspective as a member of the rising generation.

● This cohort redefines the purpose of wealth, moving beyond financial success to contribute to a greater societal impact.

Guidance to Ultra-High Net-Worth Families:

● Gena's insights extend to ultra-high net-worth families, where she weaves family values, financial success, and social change into a cohesive tapestry of guidance.

Learning Through Failure: A Path to Strength:

● Through personal experience, Gena highlights the transformative power of immersing oneself in failure.

● She encourages individuals to confront challenges head-on, emerging stronger and more resilient.

Challenges in Philanthropic Understanding:

● Gena delves into the complexities surrounding philanthropy and charitable giving.

● She highlights the need for donors to ask the right questions, aiming to truly understand the impact of their contributions.

Redefining Philanthropy: The Birth of Social Purpose Businesses:

● Gena's experience leads her to rethink the concept of philanthropy.

● She discusses the emergence of social purpose businesses and how these endeavors

contribute to solving social issues.

Starting with "Why" in Philanthropy:

● Gena shares her approach to advising families on setting up their foundations. Instead of focusing on a dollar amount, she helps them identify their "why" and create a roadmap for impactful philanthropy.

● She emphasizes the importance of curiosity and empathy in this process.

Family Enterprise and Multi-Generational Continuity:

● Exploring multi-generational continuity, Gena talks about the challenges and strategies

for passing down family values and stories.

● She discusses the use of visual tools and storytelling techniques to keep family legacies alive.

Qualities of Successful Family Enterprise Leaders:

● Gena identifies curiosity, empathy, and active listening as key qualities for successful family enterprise leaders.

● She elaborates on each quality and highlights their significance in navigating complex

philanthropic landscapes.

Event 1: "Funding Systems-Level Change" with Paul Born

Date: September 13th

Time: 10 AM Mountain Time

Description: Join us for a thought-provoking conversation with Paul Born, founder and past CEO

of the Tamarack Institute. Discover insights into funding systems-level change and gain valuable perspectives on philanthropic strategies.

Event 2: "Enabling the Next Generation of Leaders" with Peter Jaswick

Date: November 15th

Time: 10 AM Mountain Time

Description: Don't miss this engaging session with Peter Jaskiewicz, a professor at the Telfer School of Business at the University of Ottawa. Explore strategies for nurturing and empowering.

the next generation of leaders in philanthropy and social impact.