Let's Talk Family Enterprise

Host Aileen Miziolek sits down with Philip Marcovici to explore long-term wealth continuity, the pitfalls of tax policy and how enterprising families can avoid common traps while building meaningful legacies. All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Guest bio Philip Marcovici is retired from the practice of law and consults with governments, financial institutions, and global families in relation to tax, wealth management, and other matters. An area of focus for Philip relates to the many issues faced by wealth and business-owning families, including governance approaches and the trust, partnership, and other structures used in the ownership of family assets. He is on the boards of several entities within the wealth management industry, as well as entities within family succession and philanthropic structures. You can learn more about Philip Marcovici on his website and LinkedIn.   Key Takeaways [:26] Aileen Miziolek welcomes Phillip Marcovici and asks him to explain how he came to jump into the wealth management industry. [6:40] Philip touches on what continuity means for a family of wealth, and what is required for it to be achieved. [8:54] Sometimes the beginning requires one to think about the destination; Philip explains how the Theory of Change can help guide such a reflection. [10:53] Tax law is complex and emotionally charged. Philp points out where governments make critical mistakes in creating further wealth within their economies. He shares an example from his book. [13:52] Philip offers advice for governments in the face of today's ever-changing policies. [16:21] Circular economy principles are easily transferable to family wealth management. Philip discusses waiting resources, human or otherwise. [20:19] What advantages the “revolving door” feeling brings for enterprising families in transition. [21:28] Communication with your wealth is not a good strategy. Philip explains why and how those trappings can lead to stalling the upcoming generation well into adulthood. [24:34] Philip touches on how families can begin the exercise of planning for the long term for a collective. He offers real-world examples to illustrate his ideas. [28:36] Does wealth destroy families and relationships? Philip offers a nuanced perspective. [30:18] What gives Philip hope in governance, both political and within families. [31:41] Philip offers his advice for families looking to project into the far future when it comes to governments. [34:34] Aileen thanks Philip Marcovici for sharing his expertise and closes this episode by reminding listeners to rate and subscribe. If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Family Business Symposium 2025: Navigating the Calm and the Storm in Family Business, May 26 to 28 in Halifax, Nova Scotia The Transformative Power of Family Wealth: Helping Families and their Communities Capture its Regenerative Potential, by Philip Marcovici The Destructive Power of Family Wealth: A Guide to Succession Planning, Asset Protection, Taxation and Wealth Management, by Philip Marcovici   More about Family Enterprise Canada Family Enterprise Canada FEC on Facebook FEC on Twitter FEC on LinkedIn  

Host Steve Legler speaks with Dan Doty, an executive and wilderness guide, about his upcoming session at Family Enterprise Canada's Symposium in Halifax. Together, they discuss the challenges that fathers face when leading a business and a family, and how the roles and expectations of fathers are rapidly evolving.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Guest bio Dan Doty is a writer, wilderness guide, men's work leader, and somatic meditation teacher, and has helped to instigate and lead a part of the current global men's movement. Most comfortable in nature, he is committed to practicing and sharing work that brings wildness and love into the open. A three-time guest on the Joe Rogan Experience, Dan has spent substantial time as a wilderness therapy guide and an inner-city high school teacher, and directed and produced over 50 episodes of the hit hunting show MeatEater.   He has two young sons and a baby daughter, is in love with his wife and living very close to the land, near the sea, where life is quiet and beautiful.   You can learn more about Dan Doty on the Dan Doty website.   Key Takeaways [:26] Steve Legler welcomes Dan Doty and asks him to share what audiences can expect from him at Symposium.   [3:19] Dan explains why and how he wants to open up the conversation on fatherhood in family business and how his background set the stage for centralizing the father's role.   [5:33] How the unseen wall between father and son can be broken down has been central to Dan's career; he speaks to the profound experience reconnection provides.   [8:05] An imbalance between doing and being has led to a loss of connection in most men.   [11:09] Becoming self-aware may be remarkably fast but developing the lexicon to talk about it is a longer endeavour.   [12:52] From one-on-one to group work, Dan breaks down how he works with fathers, sons, and men as well as organisations.   [16:47] Sometimes what is required is a safe space, stripped of expectation, for two people to reconnect on a personal level, as humans.   [18:46] Working in the family business space is very complex, and working on a case-by-case basis remains the best way to peel back the layers and find connection.   [20:41] Dan shares how masculinity and fatherhood are going through a wonderful evolution and today offers so much opportunity.   [23:19] Evolution can stun previous generations, but the good news is that all relationships are workable.   [24:56] Everyone is welcome, not just men!   [26:13] Dan's hope for his session at Symposium.   [28:17] Dan shares his reading recommendation as well as his advice for fathers everywhere.   [30:07] Steve Legler thanks Dan Doty for sharing his expertise and closes this episode by reminding listeners to rate and subscribe.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Family Business Symposium 2025: Navigating the Calm and the Storm in Family Business, May 26 to 28 in Halifax, Nova Scotia   Adam's Return: The Five Promises of Male Initiation, by Richard Rohr   More about Family Enterprise Canada Family Enterprise Canada FEC on Facebook FEC on Twitter FEC on LinkedIn

In our 65th episode, Aileen Miziolek sits down with ownership expert and co-author of Own It!: How to Develop a Family Enterprise Owner's Mindset at Every Age, Barbara Dartt, to ask her how she started and grew her career in the family business consulting world, what being an owner of a family enterprise can mean and the different roles that owners often have to navigate in their ownership journey.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Guest bio Barbara Dartt has more than 20 years' experience helping individuals and family groups grapple with the joys and challenges that are a natural part of families owning and managing businesses together. As a principal consultant for FBCG, Barb helps families get aligned, anticipate and prevent future challenges, and communicate effectively to grow their businesses.   Growing up, Barb watched her grandfather and father provide educational extension services to family-owned farms. Her interest in serving farm families led her to study veterinary medicine, receiving her doctoral degree from Michigan State University in 1996. In 1998, Barb earned a master's degree in Agricultural Economics at MSU where she worked as a graduate research assistant, and then as a Farm Business Management Specialist.   You can learn more about Barbara Dartt on the Family Business Consulting Group website.   Key Takeaways [0:26] Aileen Miziolek welcomes Barbara Dartt and asks her to share how she came to a career in the family business consulting world.   [4:49] Regardless of the industry, the need for ownership development tends to sneak up on families; Barbara explains how that evolution can take place.   [9:40] Both operating and non-operating ownership can become complex and challenging, but non-operating ownership is not for everyone.   [11:12] Highly expert industries can evolve beyond their owners' knowledge base so creating a team for strategic ownership is critical. Barbara explains a good perspective and a few non-negotiables to guide ownership development.   [17:00] Patient capital as a quantifiable way to measure the return on time and energy.   [18:45] The owners' mindset, beliefs, and behaviors chart is one of the many tools provided in the book; Barbara shares her favorite.   [24:42] Barbara breaks down the common symptoms of underdeveloped ownership and what to do to prevent it.   [27:56] Generation friction can also be an issue when it comes to ownership, Barbara shares her experience with intergenerational cohorts and how their different perspectives affect what feels important to them.   [30:24] Barabara offers what advisory structure she would provide for proper ownership development.   [33:20] Aileen Miziolek thanks Barbara Dartt for sharing her expertise and closes this episode by reminding listeners to rate and subscribe.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Family Business Symposium 2025: Navigating the Calm and the Storm in Family Business, May 26 to 28 in Halifax, Nova Scotia   Own It!: How to Develop a Family Enterprise Owner's Mindset at Every Age, by Wendy Sage-Hayward, Gaia Marchisio, and Barbara Dartt   More about Family Enterprise Canada Family Enterprise Canada FEC on Facebook FEC on Twitter FEC on LinkedIn

Host Steve Legler speaks with Dr. Jeffrey Foote, one of the authors of Beyond Addiction: How Science and Kindness Help People Change. Together, they discuss how family members and FEAs can become important catalysts in helping people with addiction issues overcome them, for the benefit of the entire family.   Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Guest bio Dr. Jeffrey Foote is a psychologist and nationally recognized clinical research scientist with over 30 years of experience utilizing evidence-based treatment approaches for the treatment of substance use issues and Post-traumatic Stress. He is the Co-President and CEO of the CMC: Foundation for Change, a not-for-profit organization with the mission of improving the dissemination of evidence-based ideas and strategies to the families of persons struggling with substance use. Dr. Foote was a psychologist for the NY Mets for 11 years and has continued in sports psychology as an independent performance consultant to professional athletes. Before co-founding CMC in 2003, Dr. Foote was the Deputy Director of the Division of Alcohol Treatment and Research at Mt. Sinai Medical Center in NYC and Senior Research Associate at The National Center on Addiction and Substance Abuse at Columbia University in NYC. Dr. Foote is a member of the Association for Behavioral and Cognitive Therapies and the American Association of Addiction Psychiatrists.   You can learn more about Dr. Jeffrey Foote on LinkedIn and the CMC Foundation For Change website.   Key Takeaways [:26] Steve Legler welcomes Dr. Jeffrey Foote and invites him to share a little bit about how the cultural discussion on substance abuse hasn't evolved a lot in the past decades and how his book addresses this issue head-on.   [3:09] Cultural norms around addiction are hugely stigmatizing, Dr. Jeffrey raises another very damaging side-effect of culture as a variety of approaches that are not evidence-based are recirculated.   [5:17] Advisors are in a unique and very powerful position, and as such do need to be both sensitive and informed to provide a truly helpful direction.   [7:10] Dr. Foote touches on how Eddie Ford managed to move the perception of addiction forward from a simplistic moral issue to that of a disease.   [9:00] Stepping back and being able to look at the potential reasons for a person's behavior is a good step toward understanding.   [10:56] Dr. Jeffrey offers the one thing he would ask advisors and families to do first and foremost: slow down.   [13:06] It turns out kindness is an evidence-based idea and it can motivate change.   [15:22] The invitation to change the model and some of the tools used to put it into practice.   [17:04] Dr. Foote explains why and how figuring out why those behaviors make sense helps you be kind while tackling addiction.   [18:36] The most powerful resource! Navigating out of addiction is more often successful when the families are involved, but families are the most underserved voices in addiction treatment.   [20:36] Self-awareness and self-care are a major part of helping others, but Dr. Foote cautions that it doesn't necessarily mean detaching and walking away.   [22:44] Good communication tools are a huge asset, whatever the pain point! The Beyond Addiction Workbook offers compassionate, evidence-based tools.   [25:10] The past decades have offered some incremental change in addiction treatment, but the very high prevalence of co-occurring psychiatric issues still needs to be brought to light and addressed.   [28:01] Having a moderating voice in a family discussion on addiction is important to help slow things down.   [29:58] Dr. Jeffrey Foote shares his book recommendations as well as his advice for advisors and families.   [33:14] Steve Legler thanks Dr. Jeffrey Foote for sharing his expertise and closes this episode by reminding listeners to rate and subscribe.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode Beyond Addiction: How Science and Kindness Help People Change, by Jeffrey Foote PhD, Carrie Wilkens PhD, Nicole Kosanke PhD, and Stephanie Higgs PhD The Beyond Addiction Workbook for Family and Friends: Evidence-Based Skills to Help a Loved One Make Positive Change, by Jeffrey Foote PhD, Kenneth Carpenter PhD, and Carrie Wilkens PhD Listening Well: The Art of Empathic Understanding, by William R. Miller Inside Rehab: The Surprising Truth About Addiction Treatment-and How to Get Help That Works, by Anne M. Fletcher   More about Family Enterprise Canada Family Enterprise Canada FEC on Facebook FEC on Twitter FEC on LinkedIn

Regular hosts Steve Legler and Aileen Miziolek discuss some of their favourite guests and insights from the 2024 episodes of the Let's Talk Family Enterprise podcast. Hear them share their greatest takeaways to bring back good memories and encourage listeners to subscribe for more!   Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Key Takeaways [:26] Steve Legler and co-host Aileen Miziolek welcome listeners to the annual episode review! They each share their most impactful moments from 2024's great list of guests.   [2:15] Aileen and Steve share their thoughts on her discussion with Perry Gladstone in terms of what identity brings to a business, and why dreaming together can help bring the rising generation into the fold.   [10:05] Episode 57 with Peter Vogel had one takeaway jump right out to Steve — find your why! Aileen resonates with making sure not everything looks like a nail and they both share how the Family Office Navigator book can help advisors.   [14:02] Pramodita Sharma's episode 57 inspired Aileen and Steve on multiple levels. One, the rejuvenating potential of sustainability projects, both for businesses and for single actors, and how this field is a way multigenerational family businesses can have a broader world impact.   [21:00] The Happy Inheritor's author, Thomas Deans, came on as a guest for episode 59. Steve and Aileen share how their long-time friend made their conversation both nourishing and thought-provoking.   [25:31] Episode 50 with Aileen's colleague Kathy Carol, provided a wealth of information, just as her book offers a multitude of useful tools for advisors; Aileen and Steve share which ones they use.   [28:31] A thoughtful two-guest episode came out just this past December. Aileen shares what tidbits to take away from episode 62 on how not to leave a mess for your inheritors, and opening a conversation on end-of-life matters.   [33:36] Steve and Aileen look to 2025 and their new goals, and close out the year and this episode by inviting listeners to take advantage of the vast resources provided in these podcasts, and remind everyone to rate and subscribe.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode Episode 55: “Rising Gen Innovation and Creativity in Family Business” Episode 57: “The Family Office Navigator” Episode 58: “Sustainability and ESG in Family Enterprises” Episode 59: ​​“Mental Health Impacting Intergenerational Wealth Transfers” Episode 60: “Embracing Polarities to Harmonize Opposites in Enterprising Families” Episode 62: “Estate Planning: Don't Leave a Mess!”   More about Family Enterprise Canada Family Enterprise Canada FEC on Facebook FEC on Twitter FEC on LinkedIn  

Join Aileen Miziolek as she sits down with Sandy Pollack, author of Don't Leave a Mess and expert in values-based legacy planning, and Annie Stoneburgh, Death Doula and geriatric care specialist, to discuss the intersection of estate planning, family business transitions and end-of-life care. Discover how open, meaningful conversations can help families navigate these sensitive topics and create a lasting legacy.   Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Guest bio Sandy Pollack, CFP, CLU, TEP, FEA, MFA-P founded Trimaran Advisory Group, a firm that goes beyond traditional business and estate planning. She has built an advisory firm based on the understanding that each family business has its own unique set of values and issues. Serving as Principal and Lead Financial Advisor, Sandy advocates for values-based legacy planning — believing that building wealth, and managing wealth are not the same thing.   You can learn more about Sandy Pollack on her LinkedIn and the Trimaran Advisory Group website.   Annie Stoneburgh is the founder of the 2 Steps Ahead consultancy and a professor at George Brown College. She leverages her expertise and passion to raise awareness and educate others on the psychosocial aspects of caring for older adults. Her 30-year career has spanned the entire continuum of geriatric care including Independent Community-based Living, Retirement, and Long-Term Care to Palliative Care.   You can learn more about Annie Stoneburgh on her LinkedIn.   Key Takeaways [:26] Aileen Miziolek welcomes Sandy Pollack, financial and family business transition advisor, and Annie Stoneburgh, Professor at Gorge Brown College and Death Doula to discuss a delicate subject.   [1:47] Sandy explains what drove her to write her book Don't Leave a Mess.   [3:31] Annie shares how her path led her to study end-of-life care and how she became a Death Doula.   [7:41] The archeology analogy Sandy uses to explain how she approaches and structures estate planning discussions with families.   [11:21] Meeting a family for the first time implies one difficult request from Annie and how hope changes as conversations progress.   [17:06] The advisor's mindset and their tendency to “silo” can impact end-of-life conversations. Sandy offers ways of digging into deeper conversations.   [20:18] Aileen shares a personal story about navigating the end of her husband's life and working with a Death Doula.   [23:34] What being the “what if” means for Annie and why leaving your career at the door when it comes to caregiving in end-of-life is critical.   [29:17] Communication (times 3), expectations, and agreement are the key aspects of having a smooth-running family system, especially in the context of a family business transition.   [32:52] The important role facilitators play in processing change.   [34:18] Annie and Sandy share their advice for advisors as well as some reading recommendations.   [38:36] Aileen Miziolek thanks Sandy Pollack and Annie Stoneburgh for sharing so much of their expertise and closes this episode by reminding listeners to rate and subscribe.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode Don't Leave a Mess!: How to Disaster-Proof Your Family Legacy, by Sandy Pollack Hope for the Best, Plan for the Rest: 7 Keys for Navigating a Life-Changing Diagnosis, by Samantha Winemaker and Dr. Hsien Seow   More about Family Enterprise Canada Family Enterprise Canada FEC on Facebook FEC on Twitter FEC on LinkedIn

Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients. All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada. In our latest episode, Host Steve Legler speaks with recently arrived CEO of Family Enterprise Canada, Steve Beauchesne, to discuss the organization's evolution through the merger, COVID and what's ahead for our community. Guest bio Steve Beauchesne Steve is no stranger to the family enterprise world. His journey with his father, from creating Beau's, a leading craft brewery, to spearheading charitable initiatives, showcases his exceptional leadership and commitment to making a difference. Steve's vision for FEC and FEF revolves around empowering our members with valuable resources and a strong community support system. His track record of visionary leadership, strategic planning, and impactful communication promises to elevate our mission to new heights. You can learn more about Steve Beauchesne on his LinkedIn and the Family Enterprise Canada website. Key Takeaways [:26] Steve Legler welcomes Steve Beauchesne and asks him to share his first experience with Family Enterprise Canada as a former Family Enterprise of the Year Award recipient. [3:17] Steve talks about MCing and how he has enjoyed connecting with people in the community.  [5:48] From the two constituents of Family Enterprise Canada to the future ahead, Steve shares his vision for getting back to basics and getting some wind into FEC's sails. [10:22] The impact stories and venting Steve has heard over the past months are great ways to set guide posts and indicate how truly passionate people are about FEC.   [13:27] New members are looking to find advisors, and FEAs are looking for collaborators; the future is about getting the right people connected. [16:13] Steve doesn't see finding opportunities as his challenge as CEO. The opportunities are there! [18:08] Why Steve applied and how he is expecting to effect change. [20:48] Steve is taking the full FEA course to attain a few specific goals, he explains how he thinks it will help guide him as CEO. [23:25] The importance of learning before doing, but also champing at the bit! [26:36] Steve's thoughts on the team that surrounds him. [27:51] Steve asks Steve to share one surprising thing about himself as well as one of his aspirations for the organisation. [28:49] Steve Legler thanks Steve Beauchesne for sharing his passion and knowledge and closes this episode by reminding listeners to rate and subscribe. If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode Audio Visceral More about Family Enterprise Canada Family Enterprise Canada FEC on Facebook FEC on Twitter FEC on LinkedIn  

Host Steve Legler speaks with Cathy Carroll, author of Hug of War: How to Lead a Family Business with Both Love and Logic. Together, they take a deep look at using the lens of Polarity Thinking to help family businesses work through many of the challenges they face, as well as how FEAs can use this tool to become better resources to their client families. Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.  All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada. Guest Bio Cathy Carroll Cathy Carroll grew up in a family business and enjoyed a 20-year corporate career before leading her father's manufacturing business. Before founding Legacy Onward, Inc., Cathy led Pro Equine Group as President and COO. She held executive positions at United Airlines and Sabre and has an MBA from the University of Chicago and a BA from Boston College. Legacy Onward is dedicated to helping leaders in family businesses thrive.  You can learn more about Cathy Carroll on her LinkedIn and the Legacy Onward website.  Key Takeaways [:26] Steve Legler welcomes Cathy Carroll to the podcast and asks her to share what led her to work as an executive coach to enterprising families.  [4:30] Cathy explains the basics of polarity thinking, using an inhale/exhale analogy.  [5:56] From “should” to “how,” polarity thinking can reframe any leadership positioning.  [7:30] Turning advisors into superheroes, Cathy shares how the 4-quadrant mapping system can reduce conflict during decision-making.  [9:50] How to get people in agreement to reframe questions without compromise.  [11:26] Emphasizing the possibility of change is a great way to get people aligned.  [11:59] Tackling the reveal/conceal tension of estate plans.  [14:16] Task conflict versus relationship conflict and the tools to manage both, Cathy shares a quick mnemonic device (A.L.I.G.N.) to manage task conflict.  [18:50] Relationship conflicts can be very destructive and must be addressed. Cathy shares her 5-step Play Fair (P.F.A.I.R.) process.  [22:37] Whether you're a coach, a facilitator, or an advisor, practice makes perfect!  [25:31] Building tension to lead to the juicy morcels delivered in the very last chapters of Cathy's book.  [28:08] Helping families see the bigger picture.  [30:35] Cathy's reading recommendations and advice for advisors.  [32:42] Steve Legler thanks Cathy Carroll for sharing so much of her knowledge and closes this episode by reminding listeners to rate and subscribe.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode Hug of War: How to Lead a Family Business with Both Love and Logic, by Cathy Carroll Think Again: The Power of Knowing What You Don't Know, by Adam Grant Family Business as Paradox, by Amy Schuman, Stacy Stutz, and John L. Ward Polarity Intelligence: The Missing Logic in Leadership, by Dr. Tracy Christopherson and Michelle Troseth   More about Family Enterprise Canada Family Enterprise Canada FEC on Facebook FEC on Twitter FEC on LinkedIn

In this episode, Aileen Miziolek talks with bestselling author and award-winning speaker, Dr. Thomas Deans, about the impact of mental health on intergenerational wealth transfers and how it led him to write his new book, The Happy Inheritor: How Successful Families Prepare Heirs and Transfer Wealth. Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients. All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Guest bio Tom Deans Dr. Thomas William Deans is the author of the all-time best-selling family business book, Every Family's Business, listed by The New York Times as One of the Top Ten Books Business Owners Should Read. He followed that book with another international best-seller, Willing Wisdom, and his third book, The Happy Inheritor. He speaks full-time on the international lecture circuit.   Having delivered more than 2000 keynotes in 28 countries on four continents, Dr. Deans has built an international reputation as a thought leader on transitioning family wealth.   You can learn more about Tom Deans on his website and LinkedIn.   Key Takeaways [:26] Aileen Miziolek welcomes Tom Deans to the podcast and asks him to share what led him to write his latest book, The Happy Inheritor.   [5:12] Dr. Deans shares his frustration around inaction when it comes to succession planning and what personality disorders might have to do with it.   [7:15] The one personality disorder that may spell business success might also cause serious family trouble.   [9:40] Personality disorders are a spectrum, and everyone exhibits some disordered traits.   [12:27] Dr. Deans shares how families can address succession head-on to avoid surprises and some warning signs to watch.   [16:48] What a facilitator can do to help families and why family advisors might want to get them involved early.   [21:00] Family meetings and advisors aren't only for the centi-millionaires anymore.   [23:08] What cognitive dissonance is and how it paralyzes people's decision-making process.   [28:00] Succession stress goes both ways and the next generation has a price to pay.   [31:47] Dr. Dean's advice for advisors.   [36:34] Aileen Miziolek thanks Dr. Tom Deans for sharing so much of his knowledge and closes this episode by reminding listeners to rate and subscribe.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Happy Inheritor: How Successful Families Prepare Heirs and Transition Wealth, by Dr. Thomas William Deans   More about Family Enterprise Canada Family Enterprise Canada FEC on Facebook FEC on Twitter FEC on LinkedIn

Host Steve Legler speaks with Professor Pramodita Sharma about sustainability and how family enterprises are uniquely placed to take advantage of business trends in this area. Pramodita shares inspiring stories based on her research, and points family businesses and their advisors into some promising directions.   Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Guest bio Pramodita Sharma is the Schlesinger-Grossman Chair of Family Business at the Grossman School of Business, University of Vermont. She is a Research Fellow at the Thomas Schmidheiny Center for Family Enterprise at the Indian School of Business, and an advisory board member of the Jönköping International Business School (JIBS), Sweden. Among the highest-cited scholars in family business studies, her research on succession, governance, innovation, next-generation commitment, entrepreneurial leadership, and sustainability in/by family enterprises has appeared in journals like the Academy of Management Learning & Education, Entrepreneurship Theory and Practice, Family Business Review, Journal of Business Ethics, and Journal of Business Venturing, among others. Experiences and close interactions with her own family's enterprises help keep her professional work grounded in the realities and complex dynamics of these fascinating enterprises that dominate the economic and societal landscape around the world.   You can learn more about Pramodita Sharma on the Grossman School of Business at the University of Vermont's website and LinkedIn.   Key Takeaways [:26] Steve Legler welcomes Pramodita Sharma and asks her to share an overview of her upcoming lecture at the Family Business Symposium focusing on the meaning of sustainability and the paths we can take to action.   [4:11] Sustainability is a journey that begins with awareness; Pramodita shares what phases come after.   [6:10] Family enterprises have a unique advantage regarding sustainability; the key is in the upcoming generations.   [9:09] Pramodita talks about the pioneering companies already taking advantage of their unique position.   [12:43] Sustainability as an antidote to the pressures of succession.   [15:04] The journey to a purpose-driven life through sustainability business practices.   [16:45] Case studies have proven to be a formidable multi-tool; Pramodita explains how she uses them and where the experience has been richest.   [19:35] Pramodita shares her hope for case studies in Canada and takes a moment to share a personal story.   [23:21] Is there an age or gender to the sustainability charge?   [27:39] The case competitions Pramodita organizes.   [32:20] Pramodita's reading recommendation and advice for advisors.   [34:33] Steve thanks Pramodita Sharma for sharing her research and knowledge and closes this episode by reminding listeners to rate and subscribe.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Circular Economy Handbook: Realizing the Circular Advantage, by Peter Lacy, Jessica Long, and Wesley Spindler Ellen MacArthur Foundation Museum of Science + Industry Chicago: Extreme Ice Exhibit The Family Business Symposium will take place on May 27‒29, 2024 in Calgary.   More about Family Enterprise Canada Family Enterprise Canada FEC on Facebook FEC on Twitter FEC on LinkedIn  

In this episode, host Steve Legler speaks with Professor Peter Vogel of IMD Business School to discuss Vogel's recent book, Family Office Navigator. Together, they highlight the critical role advisors can play when business families consider setting up a family office or want to take a fresh look at what they currently have in place.   Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Guest bio Peter Vogel is a Professor of Family Business and Entrepreneurship. As an expert on family enterprises, he leads IMD's work in this field as Director of the IMD Global Family Business Center and Debiopharm Chair of Family Philanthropy. He works with families, owners, boards, and executives of family enterprises and family offices around the world focusing on transformations, governance, ownership and leadership succession, wealth management, fostering entrepreneurialism and innovation within the system, and establishing professional boards and leadership teams.   You can learn more about Peter Vogel on the IMD website and LinkedIn.   Key Takeaways [:26] Steve Legler welcomes Peter Vogel and asks him to talk a little bit about how he and his organisation became involved in the family business space.   [3:10] Peter touches on how family enterprises and offices are a worldwide trending challenge.   [5:24] The Navigator concept was built for enterprising families, Peter explains how it eventually grew to be used by advisory positions also.   [9:10] Setting up a family office is a complex process, but it can also be the ecosystem by which families can manage wealth effectively.   [13:00] Keeping in mind that family offices will evolve alongside the families that build them; the focus needs to be on what works for them.   [16:34] When it comes to thinking of family offices, who needs to be at the table?   [19:53] A family office has to be designed to work for the family, Peter explains how the downloadable .pdf framework can help achieve that.   [22:06] From the family office to other models, Peter explains why and how they are branching out into new frameworks.   [25:45] The how of a family office isn't the starting point and Peter offers how advisors can better guide families through the learning process.   [28:27] Peter talks about the importance of experimenting, learning, and developing best practices for families.   [31:22] Peter shares his book recommendations as well as his advice for advisors.   [35:33] Steve thanks Peter Vogel for sharing so much of his expertise and closes this episode by reminding listeners to rate and subscribe.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode Peter's recommendations: Harvard Business Review Family Business Handbook: How to Build and Sustain a Successful, Enduring Enterprise, by Josh Baron and Rob Lachenauer Africa Is Not a Country: Notes on a Bright Continent, by Dipo Faloyin FEX podcast episode #23: “Family Business Ownership: Four Rooms and Five Rights, with Josh Baron” The Family Office Navigator: Your Guide to Building a Multigenerational Family Office, by Peter Vogel and Mario Marconi The Family Business Symposium will take place on May 27‒29, 2024 in Calgary.   More about Family Enterprise Canada Family Enterprise Canada FEC on Facebook FEC on Twitter FEC on LinkedIn  

Ambreen Bhaloo, Family Enterprise Advisor, guest hosts this episode and welcomes Francesco Barbera, Associate Professor of Entrepreneurship and Strategy at The Ted Rogers School of Management for an in-depth discussion on the issue of homogeneity (all family firms are the same) vs. heterogeneity (all family firms are unique). In what ways does family governance lead to greater firm performance? Listen to this episode to find out!   Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Guest bio Dr. Francesco Barbera is an Associate Professor of Entrepreneurship and Strategy at The Ted Rogers School of Management at Ryerson University. His teaching and research interests encompass a wide range of topics related to family business, entrepreneurship, small business management, and family business education. Francesco is an international, award-winning author and educator and regularly presents at renowned conferences and workshops.   You can learn more about Dr. Francesco Barbera on the Toronto Metropolitan University School of Management website and on his LinkedIn.   Key Takeaways [:26] Ambreen Bhaloo welcomes Dr. Francesco Barbera and invites him to share a little bit about his research interests and how they inform family advising.   [5:22] Dr. Barbera explains the importance of heterogeneity research when it comes to family enterprises and what this means for advisors.   [7:50] A recently published research explores how family structures impact the way governance leads to performance, Dr. Francesco shares some of the findings.   [11:07] Dr. Barbera explains what family functioning is and why it affects firm performance.   [16:11] The future of family business research looks heterogeneous; Dr. Francesco shares the areas of study he sees coming up next.   [20:23] Staying up to date on the latest academic knowledge will require work on the family advisor's part.   [24:00] About Dr. Barbera's work with the Family Institute.   [27:18] Dr. Francesco Barbera's advice for advisors.   [27:48] Ambreen thanks Dr. Francesco Barbera for sharing his knowledge and closes this episode by reminding listeners about the upcoming Family Business Symposium held from May 27th to 29th in Calgary, Alberta.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode “Family governance and firm performance: exploring the intermediate effects of family functioning and competitive advantage”, Francesco Barbera and Tim Hasso, November 2022, Journal of Family Business Management 13(2)   The Family Business Symposium will take place on May 27‒29, 2024 in Calgary.   More about Family Enterprise Canada Family Enterprise Canada FEC on Facebook FEC on Twitter FEC on LinkedIn

In this episode, Host and Family Enterprise Advisor, Aileen Miziolek, talks with Purpose & Identity Coach Perry Gladstone about how family businesses benefit from NextGen innovation and creativity while sharing solutions that allow all parties involved to find the agency and support they need to make it happen.   Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Key Takeaways [:26] Aileen Miziolek welcomes Perry Gladstone, purpose and identity coach, and asks him to share a little bit about his varied entrepreneurial background.   [4:58] Upcoming generations bring many new identities to family enterprises. Perry shares how this affects companies and how to integrate them best.   [7:51] Starting with values exercises is something Perry does not do; he explains his primary focus and why this technique can prevent conflict through trust-building.   [10:51] Perry speaks to the fear everyone carries in times of change and how facilitation fosters the safety of all participants.   [13:03] Individual work cannot be underestimated in strengthening the family enterprise structure.   [15:44] Perry shares what the dreaming together tool does that the value exercise doesn't.   [17:37] New generations inevitably come with innovation; Perry shares where he has seen the most success in fostering innovative ideas.   [19:34] Tension between two factions can be mitigated by slowing down time and allowing for experimentation.   [21:59] Perry recaps how strength is built in a family system.   [23:13] Perry discusses the role of the third entity as it relates to ownership.   [24:40] Business owners vs. enterprising family; Perry shares how this might be the first thing to address.   [28:24] Perry shares his recommended resources.   [29:58] Aileen thanks Perry for sharing his knowledge and closes this episode by reminding listeners about the upcoming Family Business Symposium held from May 27th to 29th in Calgary.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode You can contact Perry on his website PerryGladstone.com. FAST & HOT: How to Open Hearts, Win Minds and Create a Better Life in Business, by Perry Gladstone Deconstructing conflict: Understanding Family Business Shared Wealth and Power, by Doug Baumoel and Blaire Trippe The Family Business Symposium will take place on May 27‒29, 2024 in Calgary.   More about Family Enterprise Canada Family Enterprise Canada FEC on Facebook FEC on Twitter FEC on LinkedIn

In their traditional annual “retrospective” episode, hosts Steve Legler and Ruth Steverlynck discuss highlights from some of the episodes that debuted in 2023, hoping to stimulate listeners to re-listen for great content they may have missed the first time.   Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Key Takeaways [:26] Ruth Steverlynck guest-hosts this 2023 retrospective with host Steve Legler to discuss highlights from some of this year's best episodes.   [1:23] Episode 50 featured video and guests Jim Grubman, Dennis Jaffe, and Kristin Keffeler, and makes Steve's must-watch list, Ruth touches on the positive discovery process.   [6:50] Episode 46 was one where Ruth had the absolute pleasure of hosting Jay Hughes, discussing a wide range of topics, the Foundation named in his honor, and the wonderful things that it will be producing.   [11:36] Episode 44 set the stage for a discussion with Coventry Edwards-Pitt on the often-overlooked significance of the prenup. Steve shares his thoughts on what the episode revealed.   [15:40] Episode 47 dove into the work of Dr. Paul Hokemeyer on the unique type of isolation wealth brings along. Ruth shares some of the enlightening thoughts on growth she garnered from this episode.   [21:14] Episode 51 highlighted one of this year's new guest hosts: Ambreen Bhaloo and her guest Mike Sergeant. Steve and Ruth send some flowers their way.   [24:23] Episode 52 was Aileen Miziolek's turn to host her first guest Marita Fridjhon, Steve shares how he and Aileen met and why she was chosen as a female voice for the Let's Talk Family Enterprise podcast.   [26:40] Episode 49 was one of Ruth's favorites; she shares which takeaways and nuggets she still thinks about from David York's interview.   [30:35] Ruth and Steve share their current favorite resources for 2024.   [33:39] Steve takes a moment to thank Ruth for launching this podcast project, now that she is stepping into different roles, and signs off until 2024.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Purposeful Planning Institute The Wealth of Wisdom Podcast The Wealth of Wisdom book   Episode 50: Wealth 3.0 Episode 46: In Conversation With Jay Hughes Episode 44: Prenuptials: Engaged Healthy, Wealthy and Wise Episode 47: Fragile Power: Why Having Everything Is Never Enough Episode 51: Communication Dynamics in Business Families Episode 52: Working With Systemic Change in Family Business Episode 49: Stewardship for Enterprising Families   More about Family Enterprise Canada Family Enterprise Canada FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients. All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description In this episode, Aileen Miziolek talks with Marita Fridjhon, co-author of System Inspired Leadership: How to Tap Collective Wisdom to Navigate Change, Enhance Agility and Foster Collaboration, and co-founder of CRR Global. Together, they discuss the complexity of systemic change in family business; the importance of meeting people where they are, instead of where we expect them to be; the benefits of teams when working with family business systems; as well as ideas on modeling positivity to help families gain confidence in their ability to work better together. Guest bio Marita Fridjhon is co-owner and CEO of CRR Global and a mentor to an ever-growing community of practitioners in the field of Relationship Systems work. She excels in supporting client systems to uncover systems-inspired solutions from the collective wisdom within the larger whole. Marita is an accredited coach and trained therapist with degrees in Social Work and Medical Social Work. She completed her training in Psychiatric Social Work before acquiring qualifications in Process Work, Alternative Dispute Resolution, coaching, and team coaching. You can learn more about Marita Fridjhon on her website and LinkedIn.   Key Takeaways [0:32] Aileen Miziolek guest hosts this month's episode and welcomes Marita Fridjhon. They discuss how to apply team coaching to families. [4:44] Marita touches on the application of the four-circle model to nested family systems in order to better serve as advisors. [7:56] Although the relationship with oneself is the starting point, Marita explains how the system itself also develops a unique and evolving personality. [10:00] Marita unpacks the strange permeability of boundaries within family systems. [12:07] The iterative phases of systemic evolution: meet, reveal, align, and act. [14:00] Marita reminds us there are multitudes within the self: be aware of which facet of the individual you are addressing. [16:17] Identity and expression of self are in constant flux. [18:45] Emotional literacy is on the decline, Marita explains how COVID-19 and a post-traumatic world are generating widespread fatigue. [20:10] There is no easy fix. [22:00] Empathy fatigue will inevitably generate larger conflicts that bleed from personal areas to business. [24:04] Marita offers that advisors may support their families more on the personal side, or the business side, but rarely both. [27:05] Marita offers a bit of history on the shifting boundaries between therapy and coaching and why some personal and professional advisory role-playing might best serve families. [32:11] Rather than finding positivity, Marita proposes to model it. She shares a practice she discovered and implemented at work. [37:00] Marita's book recommendation as well as her advice for advisors. [38:20] Aileen thanks Marita Fridjhon for joining the podcast and sharing so much of her expertise, and signs off until next month.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca. Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. Systems Inspired Leadership: How to Tap Collective Wisdom to Navigate Change, Enhance Agility, and Foster Collaboration, by Frank Uit de Weerd, Marita Fridjhon   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description: Host Steve Legler welcomes Aileen Miziolek as his guest for a discussion about the intricacies of working with families, and how thinking about them as a "relationship system" can be useful. They discuss ideas around facilitation as an outsider invited to work with a family system, as well as using some basic family systems concepts that can help FEAs better understand the family relationships they encounter when working with clients.   Guest bio Aileen Miziolek brings a multi-disciplined and integrated approach to her work, including 20 years of experience in complex financial and estate planning for business-owning families. She holds the CFP®, FEA, ACC, and ORSC designations. Aileen is co-author of Inspired Wealth, Financial Leadership for the 21st Century, a book that serves as a guide for making critical life choices about money to create a fulfilling life. Her guidance has helped hundreds of families through the unique opportunities and challenges they face in the areas of inter-generational wealth transfer, business succession planning, estate planning, and philanthropy.   You can learn more about Aileen Miziolek on her website and LinkedIn.   Key Takeaways [:26] Steve Legler welcomes Aileen Miziolek and invites her to share a little bit about how she ended up in family systems coaching.   [3:20] Coaching individuals outside of their systems leads to functional limitations and even conflict. Aileen explains how combined individual and system coaching offers results.   [6:35] Outsiders to the system need to remain outside and impartial, advisors are well-placed to identify patterns.   [8:28] Aileen's “Pong” analogy.   [9:51] What should be the very first meeting's very first question? Aileen explains how she builds a safe container.   [12:36] Aileen explains the ghosts in the system and how they can impact a business family.   [15:06] The system's mirror may be its greatest function. How advisors can build system awareness.   [16:10] Aileen points out a potential pitfall: are you making the family up? Striking the right balance between structure and flexibility.   [18:16] Aileen offers a sibling example of conflict with positive outcomes and the attitude the advisor should have in the presence of conflict.   [21:47] The learning family culture is how Aileen reframes conflict for families. She shares how she manages system pressure.   [24:39] Nurturing a system's belief in its ability to overcome is an important part of how Aileen works.   [26:40] Aileen touches on the increase of systems work being done with siblings.   [29:10] Aileen shares her reading recommendation as well as her advice for advisors.   [31:24] Steve thanks Aileen for joining the podcast and sharing so much of her expertise, and signs off until next month.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.   Systems Inspired Leadership: How to Tap Collective Wisdom to Navigate Change, Enhance Agility, and Foster Collaboration, by Frank Uit de Weerd, Marita Fridjhon   CRR Global ORSC Coaching program   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   This month, we welcome Family Business Member, FEA and Family Enterprise Foundation Board Member, Ambreen Bhaloo, as guest host of our podcast. Ambreen welcomes Mike Sargeant, former BBC Correspondent, Speaker and Coach to talk about the lessons of high impact communication and listening, drawing on his experiences working in dozens of countries over 25 years, from war zones to Westminster to corporate boardrooms. Enjoy this engaging conversation!   Guest bio Mike Sergeant is a former BBC TV correspondent who helps people become better communicators, giving them clarity and confidence. Mike's speeches, workshops, and coaching sessions distill the lessons of high-impact communication, drawing on his experiences in dozens of countries over 25 years from war zones to Westminster to corporate boardrooms.   You can learn more about Mike Sergeant on his website and LinkedIn.   Guest host bio   Ambreen Bhaloo is 2nd generation of an enterprising family and understands first-hand the complex and competing demands of family, business/management, and ownership. She lives in Toronto with her three children. Ambreen holds an honors degree from Western University and a Master's in Education from the University of Pennsylvania. She is a Certified Co-Active Professional Coach (CPCC) and a Family Enterprise Advisor (FEA).   You can learn more about Ambreen Bhaloo on her website and LinkedIn.   Key Takeaways [:26] Guest host Ambreen Bhaloo introduces herself and welcomes Mike Sergeant to the podcast for a discussion on communication in business families.   [1:58] Mike shares his story into journalism, some of his most spectacular pieces, and how acting gave him a solid foundation to better communicate.   [4:11] Fear or excitement, Mike offers his perspective on an often vilified emotion, even in the midst of a war zone.   [6:06] From journalist to organisation, governmental, and business family coach, Mike shares the skills that he found useful in this transition.   [7:47] Mike's tips for building trust and confidence in new client families and how trust leads to better working relationships.   [10:40] What the generational wealth transfer coming in the next few years heralds as opportunities and challenges.   [12:33] Mike explains how family narrative can help build better communication and purpose.   [15:30] Step by step, what does it take to build a proper narrative? Mike shares critical aspects of storytelling.   [18:45] Taking the time to analyze family stories can build a broader understanding of the overarching family story.   [20:33] Each family is different and each family business is run differently; this means that storytelling will have varying degrees of intimacy.   [22:11] House of Gucci.   [24:38] The generational wealth transfer is also a value transfer. Mike offers that the upcoming gen needs to evaluate what they want to keep and change.   [26:56] After travelling the world, Mike offers the similarities and differences he has found within business families.   [28:56] Mike shares his reading recommendation as well as his advice for advisors.   [31:25] Ambreen thanks Mike for joining the podcast and sharing so much of his knowledge and experience, and signs off until next month.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.   Fear Less: Face Not-Good-Enough to Replace Your Doubts, Achieve Your Goals, and Unlock Your Success, by Dr. Pippa Grange   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn  

Special Video Episode: Watch the video here Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients. All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada. DescriptionIn this special 50th video episode, host Steve Legler speaks with all three authors of the recently released book, Wealth 3.0: The Future of Family Wealth Advising, Jim Grubman, Dennis Jaffe and Kristin Keffeler. Together, they discuss both the past and future of the field of advising families about wealth issues and cover some of the differences between working with family businesses, family enterprises and families of wealth. To mark the 50th episode, this podcast is presented in video format, a first for Let's Talk Family Enterprise! If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca. More about Family Enterprise CanadaFamily Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Host Steve Legler speaks with David York, author of The Gift of Lift and Entrusted, about the concept of stewardship and how it applies to enterprising families. York also shares his three questions that every rising generation family member needs to have answered, along with his views on the continuum that runs from entitlement to enslavement. Guest bio David R. York David R. York is an Attorney, Certified Public Accountant, and Managing Partner with the Salt Lake City law firm of York Howell. David practices law in the areas of estate planning, tax, business planning, and non-profit entities. He is a Fellow with the American College of Trust and Estate Counsel (ACTEC) and is the Dean of Legacy with the Purposeful Planning Institute. David has extensive experience in designing and implementing advanced wealth planning strategies for high-net-worth clients. He is the co-author of three books, Entrusted: Building a Legacy That Lasts, Riveted: 44 Values that Change the World, which after its release was the #1 Business Ethics book on Amazon, and The Gift of Lift.   You can learn more about David R. York on his website and LinkedIn.   Key Takeaways [:26] Steve Legler welcomes David R. York to the podcast and asks him to talk a little bit about the subtitle of his latest book: Harnessing the Power of Stewardship to Elevate the World.   [4:21] David played “slug bug” as a kid, he makes a parallel with looking for and finding examples of stewardship in the world.   [5:50] Though we use and hear the word a lot, stewardship is rarely defined. David offers the working definition he came up with in his book as well as the opposite of stewardship: consumerism.   [8:36] Transcendence and investment characterize stewards, David talks about the ill-perceived trait of entitlement and shares his experience in a five-generation vineyard in Verona.   [11:49] Stewards have a unique perspective on the relationship with the past, present, and future. David shares the four key building blocks of stewards.   [13:55] David dives into the notions of equality of opportunity and cost versus value. He also touches on the four Ps: purpose, preparation, perspective, and participation.   [18:35] The insidious problem of snowplow parenting and the problem of perceived entitlement.   [20:11] The three critical questions David poses to help families surmount the biggest issues surrounding wealth transfer.   [25:16] Entrusted is right in the middle between entitlement and enslavement; Steve and David break down how to keep the balance through rights and responsibilities.   [29:04] David's reading recommendations and his advice for advisors.   [32:12] Steve thanks David R. York for joining the podcast and sharing so much of his learnings, and signs off until next month.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. The Gift of Lift: Harnessing the Power of Stewardship to Elevate the World, by David R. York Think Again: The Power of Knowing What You Don't Know, by Adam Grant   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn  

Dans cet épisode spécial, l'animatrice invitée Lianne Ulin s'entretient avec Olivier de Richoufftz, secrétaire général de la Fondation des familles entrepreneuriales, du dernier rapport de recherche sur la continuité par Fondation des familles entrepreneuriales, Préparer la prochaine génération : feuille de route pour les entreprises familiales, disponible en anglais et en français.   Hôte Lianne Ulin a rejoint le groupe M Bacal en 1998 car elle voulait apprendre l'entreprise familiale. Lianne possède les connaissances et l'expérience qui assureront la continuité des principales valeurs de M Bacal à l'avenir. En tant que vice-présidente des finances et de l'administration, Lianne gère le bureau et nos clients en sont venus à la considérer comme la personne à contacter pour tous leurs besoins en matière de service à la clientèle. Elle est spécialiste certifiée des prestations du vivant (CHS) et FEA (Family Enterprise Advisor). Pour plus d'informations au sujet de Lianne Ulin visitez le site web de M Bacal et LinkedIn.   Invité Olivier de Richoufftz compte plus d'une décennie d'expérience auprès d'organisations soutenant les familles d'affaires ainsi que dans la croissance et la consolidation de leurs réseaux. Sa connaissance des enjeux importants auxquels les familles d'affaires sont confrontées de génération en génération se combine à un MBA d'HEC Paris et à sa vaste expérience en marketing, vente et développement. Il a travaillé pour des organisations telles qu'Euro Disney Resort et France Tourisme, et ainsi apporte une perspective stratégique et innovante à la Fondation des Familles Entrepreneuriales. Pour plus d'informations au sujet d'Olivier de Richoufftz, visitez le site web de la Fondation des Familles Entrepreneuriales et LinkedIn.   Notes [0:29] Lianne Ulin est vôtre hôte pour cet épisode spécial, elle reçoit Olivier de Richoufftz pour discuter des résultats de la plus récente étude menée par Family Enterprise Canada. [1:59] Olivier explique quelles différences existent entre l'éducation formelle, les groupes de pairs et le mentorat pour préarer la relève à intégrer une entreprise familiale ainsi qu'à quel moment cette éducation devrait débuter. [5:21] Planifier ‘avec' ou planifier ‘pour', Olivier met en lumière l'importance de mitiger nos biais et d'éviter la transactionalité dans l'intégration de la prochaine génération à l'entreprise familiale. [7:38] Le futur appartient aux prochaines générations, et les technologies qui en sont issues aussi. Olivier partage l'importance des questionnements éthiques dans l'éducation de la relève en ce qui à trait aux technologies.  [11:40] Sans vouloir conseiller des généralités, Olivier offre qu'il existe des constantes pour communiquer plus efficacement avec les générations à venir. [13:28] Olivier explique ce qu'il entend par ‘le futur se rétrécit' pour la génération montante, il offre aussi ce que la génération actuelle aime entendre d'eux. [16:00] Lianne remercie Olivier d'avoir accordé son temps et ses connaissances pour cette discussion. Si vous avez apprécié cet épisode, abonnez-vous à Let's Talk Family Enterprise sur Spotify, Apple Podcasts ou tout autre application qui diffuse des balados. N'oubliez-pas de partager avec votre famille, vos amis et vos collègues. Partagez vos idées avec nous au fea@familyenterprise.ca   Mentionné durant l'épisode Le balado Let's Talk Family Enterprise est présenté par Family Enterprise Canada. Fondation des familles entrepreneuriales KPMG Bureau de gestion familiale Ready, Willing and Interested — Or Not? Who are the Guardians of Family Legacy?   Family Enterprise Canada Family Enterprise Canada (FEC) FEC Facebook FEC Twitter FEC LinkedIn

In this special episode, guest host Lianne Ulin speaks with Richa Arora, Executive Director of KPMG Family Office about the latest continuity research report by Family Enterprise Foundation, Preparing the Next Generation: A Family Business Roadmap, made available in English and French.   Host bio Lianne Ulin joined M Bacal Group in 1998 as she wanted to learn the family business. Over the past 21 years she has learned how to marry the client's needs with the best in class innovative insurance solutions available. As the VP Finance and Administration, Lianne manages the office and our clients have come to rely on her as the go to person for all their customer service needs. She is a certified living benefits specialist (CHS) and FEA (Family Enterprise Advisor). You can learn more about Lianne Ulin on the M Bacal website and on LinkedIn.   Guest bio Richa Arora leads the Dynamics and Governance Practice in the Greater Toronto Area (GTA) and serves as a Lead Relationship Manager for Multi Family Office clients. She has been with KPMG for over a decade and brings over 19 years of diverse global experience to the Family Office team. Richa works with family enterprises, and large private and public corporations in a variety of industries. Richa's deep experience in management consulting, human resources, and leadership development allows her to work with multi-generational families in developing custom roadmaps to suit their unique circumstances. As a Senior Family Advisor, she serves as a primary relationship link between Family Office clients, internal and external subject matter experts, and financial institutions. You can learn more about Richa Arora on the KPMG website and on LinkedIn.   Key Takeaways [0:29] Lianne Ulin is your host for this special episode, she welcomes Richa Arora of KPMG to discuss the results of the latest research released by Family Enterprise Canada. [1:30] Richa explains what families can do to introduce children to and prepare them for the family business. [3:56] The functional differences between formal education, mentorship, similarly-minded peers and external advisors as it relates to guiding children within the family business. Richa also offers which might provide more value. [6:59] Planning “with” versus planning “for”: Richa shares a canoe metaphor to illustrate the importance of working together. She talks about how to better engage and integrate the next generation family members into long term planning. [9:22] The latest report indicates that families aren't quite ready for AI. Richa explains the position largely held by family business leaders when it comes to the role of nextgens and emerging tech. [11:51] With the report results in hand, Richa shares her advice for current family leaders on communicating effectively with the next generation to leave them feeling prepared, as well as tips for the upcoming gen to respectfully find their path. [14:10] Richa speaks of her own experience on the importance of creating a feeling of safety when it comes to succession planning, as well as the pivotal role of storytelling in effective communication. [17:11] Lianne thanks Richa for coming on to the podcast and sharing the results of this report. If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts and other podcast apps. Please remember to share this episode with family, friends and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. Family Enterprise Foundation KPMG Family Office Ready, Willing and Interested — Or Not? Who are the Guardians of Family Legacy?   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients. All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada. Description In this episode, host Steve Legler speaks with Dr. Paul Hokemeyer, a renowned psychotherapist who works with individuals and families all around the world. Together, they discuss Paul's book, Fragile Power, and venture into the challenges of working with exceptional clients from minority populations of the ultra-wealthy, including the narcissistic and the addicted, and how FEAs can try to better serve such family clients.   Guest bio Dr. Paul Hokemeyer (J.D., Ph.D.) believes mental health matters for everyone, everywhere. He is the founding principal of Drayson Mews and the author of seminal resources for UHNW individuals, couples, and families seeking culturally respectful and clinically effective mental and relational health services. Prior to graduating from the Harvard Medical School's Global Leaders in Healthcare program, Dr. Paul explored the use of digital technologies to improve the delivery of behavioral health services to disenfranchised global communities at the Yale School of Management. Dr. Paul's research in the realm of UHNW identity and behavioral health has been peer-reviewed and published by the Journal of Wealth Management, the International Family Offices Journal, Globe Law and Business, and Lambert Academic Press.   You can learn more about Dr. Paul Hokemeyer on LinkedIn.   Key Takeaways [0:26] Steve Legler introduces Dr. Paul Hokemeyer and asks him to talk about his book, and more specifically its subtitle: Fragile Power: Why Having Everything Is Never Enough; Lessons from Treating the Wealthy and Famous.   [3:36] Qualitative wealth tends to be non-linear and messy and will affect quantitative wealth. Dr. Hokemeyer shares how he thinks advisors and advisory firms might best navigate issues in this realm.   [6:40] Recognizing, understanding and networking in order to better support families.   [8:38] Challenging self-reinforcing traits as they relate to minorities in positions of power: isolation, suspiciousness of outsiders, and hyper-agency.   [14:23] Earning trust for a clinician is a tall order, Dr. Hokemeyer shares an example that explains the luxury rehab culture and how to avoid the biggest pitfalls.   [21:20] The handshake business of finding humanistic care.   [22:37] Dr. Hokemeyer explains how narcissism develops and why this trait may be more frequent in UHNW. He also abounds in the way of relying on empirical data and credentialed professionals.   [28:21] The two extremes of powerful and powerless minorities harbour stark internal similarities, despite their ever-growing divide.   [31:44] Dr. Hokemeyer shares his reading recommendations as well as his piece of advice for advisors.   [32:44] Steve thanks Dr. Hokemeyer for joining the podcast and sharing so much of his expertise, and signs off until next month.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts and other podcast apps. Please remember to share this episode with family, friends and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. Fragile Power: Why Having Everything Is Never Enough; Lessons from Treating the Wealthy and Famous The Alchemist, by Paolo Coelho   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Ruth Steverlynck sits down with industry giant James E. Hughes, author of several seminal works in the family enterprise space, to find out more about his new Foundation: The James E. Hughes, Jr. Foundation and the important role it will play in ensuring FEAs and family business leaders can benefit from all the Foundation is doing in support of their work with business families.   Guest bio James E. “Jay” Hughes, Jr. is a sixth-generation counselor-at-law, now retired, author and co-author of multiple books and influential articles on family governance and wealth preservation. He is renowned for facilitating multigenerational family meetings, with an emphasis on governance issues. Hughes is frequently called on to address international and domestic symposia on helping families to flourish through the growth of their human, intellectual, spiritual, social, and financial capital.   You can learn more about Jay on his website and the James E. Hughes Foundation website.   Key Takeaways [0:26] Ruth Steverlynck introduces and welcomes a very special guest — the man who revolutionized the field of wealth management — James “Jay” E. Hughes.   [4:03] The James E. Hughes Jr. Foundation was launched without his knowing! James shares the story of how it came to be, and the two things he asked to be changed at its inception.   [7:29] Supporting families flourishing is an endeavour that traces its roots to ancient times. The foundation hopes to disseminate and propel those thought lineages into the future through publishing previously impossible-to-access works.   [12:24] Jay shares his hopes for what impacts the foundation will have in the future: alleviating unnecessary suffering without battling entropy.   [17:04] Jay shares two seminal works that the foundation has disseminated.   [21:16] Jay shares his thoughts on the most valuable thing on earth as well as what people can do to support the foundation's work.   [25:10] Jay talks about the foundation's latest work on translation in the 4th economy and shares the website for people to go dig a little deeper.   [28:42] Jay shares two books that have influenced him and his advice for advisors.   [34:02] Ruth thanks Jay for joining the podcast, but also for the immeasurable contributions he has made to the field and signs off until next month.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. The James E. Hughes Foundation   Books by James “Jay” E. Hughes Jr. Family Wealth: Keeping it in the Family Complete Family Wealth: Wealth as Well-Being Family: The Compact Among Generations The Cycle of the Gift: Family Wealth and Wisdom The Voice of the Rising Generation: Family Wealth and Wisdom Family Trusts: A Guide for Beneficiaries, Trustees, Trust Protectors & Trust Creators   Book recommendations from Jay Nicomachean Ethics, by Aristotle Politics, by Aristotle Second Treatise of Government, by John Locke   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Host Steve Legler speaks with Kristin Keffeler about her recent book, The Myth of the Silver Spoon: Navigating Family Wealth & Creating an Impactful Life. They discuss how advisors to enterprising families and families of wealth can become resources to the rising generation of these families as they face challenges that are typically overlooked by society.   If you enjoy this episode and want to hear more from Kristin, don't miss out on her presentation at Symposium 2023 in Ottawa, May 29 – 31.   Guest bio Kristin Keffeler, MSM, MAPP   Kristin is a thought leader, speaker, and consultant at the forefront of a global shift in family wealth advising, known as Wealth 3.0. She guides affluent and enterprising families, rising gen, and the professionals who support them in embracing the positive power of wealth and doing the “inner work of money.”   You can learn more about Kristin Keffeler on LinkedIn and the Illumination360 website.   Key Takeaways [:26] Steve Legler welcomes today's guest Kristin Keffeler and asks her to talk a little bit about the impact her peak human performance and positive psychology background have had on her new book.   [9:08] Kristin shares her perspective on the myth of the silver spoon.   [12:20] Clearing the clutter is an analogy Kristin uses to give perspective to the rising generation. She breaks down the four kinds of clutter.   [15:30] Budgeting is empowering, even in a situation of plenty, Kristin explains why.   [18:37] The identity factors that made some rising gens systematically thrive.   [20:45] Kristin shares her tips for advisors to help families lay good foundations.   [25:15] Having some “skin the game” in their own life is a critical part of skill building for younger generations.   [26:50] Being born into wealth shouldn't mean you are forced into any specific path in life.   [30:36] Kristin shares her book recommendation and a piece of advice for advisors.   [34:27] Steve thanks Kristin for sharing so much of her learnings and signs off until next month.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. The Myth Of The Silver Spoon: Navigating Family Wealth & Creating an Impactful Life, by Kristin Keffeler Good Inside: Become The Parent You Want To Be, by Dr. Becky Kennedy   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their family clients.   All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Host Steve Legler speaks with Coventry Edwards-Pitt about her third book, Engaged Healthy, Wealthy & Wise, which tells the true stories of wealth inheritors and their significant others, and how they navigated the situations surrounding the prenuptial agreements they were asked to sign by the family's well-meaning advisors.   Guest bio Coventry Edwards-Pitt   As a Partner and the Chief Creative Officer at Ballentine Partners, Covie is responsible for thought leadership for the firm and ensuring that the firm brings novel thinking to our clients. She specializes in helping her clients manage their wealth's impact and ensure that their comprehensive wealth management strategy reflects their families' values and goals.   You can learn more about Coventry Edwards-Pitt on LinkedIn and the Ballantine Partners website.   Key Takeaways [0:26] Steve Legler introduces today's guest, Coventry Edwards-Pitt, and invites her to share a little bit about her third book, Engaged Healthy, Wealthy & Wise.   [1:46] Covie frames her latest book in the broader context of the first two: Healthy, Wealthy & Wise and Raised Healthy, Wealthy & Wise.   [3:48] Flipping the usual engagement-related questions on their heads!   [6:04] Covie talks about the pain she heard in the book interviews that led her to see what is broken in the way families of wealth and their advisors tackle the question of engagement and marriage.   [8:25] No one ever really broaches the subject of that process, sharing these stories is a way of alleviating the emotional burden while trying to find a better way.   [10:50] The David and Goliath issue facing young couples beyond losing their sense of agency, loyalty, equality, and unity with each other.   [12:36] Covie shares a story that she calls the gold standard.   [14:10] Covie explains the history of the prenup and how it's evolved over time.   [16:22] If the strong majority of couples are made up of one inheritor and one not, how can we build a better prenup process so as not to generate discord in young couples?   [17:23] It isn't about if to prenup, it's about how. Coie speaks to how an advisor's role could be modified to better tackle the “how” of prenups.   [19:45] Covie shares best practices and talks about sibling relationships and how they might present particular challenges when it comes to prenups.   [23:12] Agency and autonomy is a new generation goal, Covie shares an example.   [25:20] Covie shares her thoughts on how advisors can better support their families.   [30:28] Covie shares her reading recommendation as well as her advice for advisors.   [35:00] Steve thanks Coventry Edwards-Pitt for sharing so much of what she learned and signs off until next month.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.   Engaged Healthy, Wealthy & Wise: Lessons from inheritors and their significant others on how they have navigated love and family wealth and forged their own joint path, by Coventry Edwards-Pitt   The Generous Prenup: How to Support Your Marriage and Avoid the Pitfalls, by Laurie Israel   In Three Generations: A Story About Family, Wealth, and Beating the Odds, by Kristin Heaney   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Regular hosts Ruth Steverlynck and Steve Legler discuss some of their favourite guests and topics from the 2022 episodes they each hosted. They once again share their greatest takeaways in the hopes of bringing back good memories and encouraging listeners to go check out episodes they may have missed along the way.   Key Takeaways [0:26] Steve Legler and Ruth Steverlynck are both your host — and guests! — for this special end-of-year episode.   [1:05] Steve welcomes Ruth to the podcast, they share how much they enjoy revisiting episodes and highlighting some of the more salient moments of 2022.   [2:38] Steve shares his take on the most recent episode “The Quest for Legitimacy” with Dr. Weiner.   [6:13] Ruth talks about what she took away from the episode with Dr. Weiner and how she has adapted her practice.   [7:07] Steve asks Ruth to share her highlights on the episode with Amy Hart Klyne and talks about the secret sauce and how to best use Amy's book.   [10:29] Steve and Ruth each share how Amy's advice should be part of all advisory work.   [12:07] “Family Champions and Champion Families” with Joshua Nacht was a memorable episode also; Ruth shares how this discussion on continuity had an impact on her.   [14:44] Steve talks about how Joshua's research unfolded and how this one unpaid, unnamed role came to light.   [17:00] “Inheritance Styles, a Roadmap For Rising Generations” with Robin Catlin brought to light a category of inheritor type Steve wasn't aware of before.   [17:40] Ruth explains what PPI and FFI are and shares how the extremely useful Robin Catlin episode shifted how she approaches her work with inheritors.   [23:30] Eighty-eight contributors participated in Peter Jaskiewicz's book. The episode “Enabling Next Generation Legacies” distilled their perspectives.   [26:40] Ruth shares her surprise at how “uncomfortable” some of the rising gen questions can be as well as how surprised and delighted she was with Peter's book recommendation.   [29:06] Ruth shares that relistening to “Balancing Leadership at Home and at Work” with Deena Chochinov kind of made her realise how much of a Deena fangirl she is!   [31:48] Steve shares the note he put in bold from this episode and why he thinks every advisor needs to do the same.   [33:14] People need to be heard, and leading with relationship will get you further than your expertise ever could.   [34:42] Ruth closes out the episode by giving a shout-out to the unsung hero of the podcast, Christopher Rogers! As well as the upcoming FEC symposiums in May 2023.   [36:10] Steve and Ruth share their reading recommendations and sign off on 2022.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. “The Quest For Legitimacy” — Dr. Weiner “Portraits Of Pioneering Women Leading Wealthy Families” — Amy Hart Klyne “Family Champions and Champion Families” — Joshua Nacht “Inheritance Styles: A Road Map for the Rising Generation” — Robin Catlin “Enabling Next Generation Legacies” — Peter Jaskiewicz “Balancing Leadership at Home and Work” — Deena Chochinov   Family Business Symposium 2023   Ruth and Steve's reading recommendations: The 6 Types of Working Genius: A Better Way to Understand Your Gifts, Your Frustrations, and Your Team, by Patrick M. Lencioni Making Questions Work: A Guide to How and What to Ask for Facilitators, Consultants, Managers, Coaches, and Educators, by Dorothy Strachan   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Host Steve Legler speaks with Dr. Jamie Weiner, author of the recent book, The Quest for Legitimacy: How Children of Prominent Families Discover Their Unique Place in the World. They discuss the challenges faced by rising generation members of enterprising families and how we as FEAs can better support our family clients by shedding light on these challenges, which are often invisible to their parents.   Guest bio Dr. Jamie Weiner   Dr. Weiner is a clinical psychologist with over 40 years of experience. In addition to his work with individuals and families, he successfully designed structured programs and systems to address the broad range of challenges people face and is credited with delivering over 100 lectures and workshops. He also has a Certificate in Family Business Advising and Family Wealth Advising from the Family Firm Institute and is the co-author of The Legacy Conversation: the missing gem in wealth planning.   You can find out more about Dr. Jamie Weiner on LinkedIn and the Inheriting Wisdom website.   Key Takeaways [:26] Steve Legler, your host for this episode, welcomes Dr. Jamie Weiner and asks him to share a little bit about how he started working on the idea of legitimacy.   [5:17] Dr. Weiner shares how the interview process for his most recent book went and how his reputation enabled a long list of warm introductions.   [6:55] From a bunch of interviews to a university research project, Dr. Weiner shares how he met Frank Barbera in an elevator.   [8:00] An econ-sociological analysis of the data uncovered a four-phase journey — or Quest — that is universal to all rising gen members: awareness, tug-of-war, exploration, and taking ownership of your life.   [10:59] The non-linear nature of the phases, as explained by Dr. Weiner.   [12:51] How can advisors use the information in the book to better reach the rising gen? Dr. Weiner shares the two things the “now” generation doesn't understand.   [16:33] Dr. Weiner shares a butterfly story as an allegory for harming while trying to help.   [18:43] Affluenza as a damaging concept.   [22:29] The true stories that populate the book find a way to speak to everyone, even J. Hughes!   [26:00] Creating opportunities to have discussions is a critical part of the advisory service — courage also!   [29:10] Dr. Jamie shares his book recommendation as well as his advice for advisors.   [30:58] Steve thanks Dr. Jamie Weiner for coming on the show to share so much insight with the audience.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast app. Please remember to share this episode with family, friends, and colleagues.Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. Inheriting Wisdom The Quest For Legitimacy: How Children of Prominent Families Discover Their Unique Place in the World, by Jamie Weiner   Reading recommendations: Man's Search For Meaning, by Viktor E. Frankl   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Host Steve Legler speaks with Professor Peter Jaskiewicz about the book, Enabling Next Generation Legacies: 35 Questions that Next Generation Members in Enterprising Families Ask.   They discuss the fact that the rising generation in many family enterprises gets neglected for too long, even though they are the ones who are the key to sustaining the family's legacy. They also talk about ways that FEAs can use the book when working with family clients to help initiate important family discussions.   Guest bio Peter Jaskiewicz   Professor Peter Jaskiewicz is the University Research Chair in Enduring Entrepreneurship at the Telfer School of Management at the University of Ottawa. He conducts quantitative and qualitative research on entrepreneurship and family business. His current research focuses on antecedents of transgenerational entrepreneurship and corporate reputation in family and founder firms. He is also an Advisory Board member at Venture for Canada.   You can find out more about Peter on the Telfer School of Management at the University of Ottawa website and follow him on Twitter @peterjask.   Key Takeaways [0:26] Steve Legler, your host for this episode, welcomes Peter Jaskiewicz and asks him to share a little bit about how he constructed his latest book.   [4:08] Peter shares what four categories came to the fore when organizing the questions next-generation members had submitted for the book.   [7:30] From 35 questions to more than 35 answers, Peter shares the process of getting academics and Laypeople to participate in the book.   [9:58] Peter explains how this book can best be used by advisors and why it helps to normalize questions.   [16:05] The independent third party is one way of introducing and tackling tough subjects, Peter shares an anonymous example.   [19:44] Peter speaks on what legacy means and how his work touches on the relationships between founders and next generations and the process of rejuvenation.   [23:49] Peter touches on the primary focus of the Family Enterprise Legacy Institute.   [26:00] The feedback for the book is threefold. Peter explains how endorsements drive positive results. He shares what question from the book he found most interesting.   [30:24] Peter shares his book recommendations as well as his one piece of advice from an advisor to other advisors.   [33:30] Steve thanks Peter for coming on the show to share so much of his expertise with the audience.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast app. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. Enabling Next Generation Legacies: 35 Questions that Next Generation Members in Enterprising Families Ask, by Peter Jaskiewicz and Sabine Rau Family Enterprise Legacy Institute   Peter's reading recommendations: Hector and the Search for Happiness, by François Lelord   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Ruth Steverlynck sits down with Deena Chochinov to talk about her new book, Home Work  How to be a Leader in the Boardroom and the Living Room. Deena shares insights and tools from her work that are particularly relevant to advisors working with family enterprises.   Guest bio Deena Chochinov is a Registered Clinical Counsellor with a private practice in Vancouver since 2000. She has a Master's in Counselling Psychology from the University of Manitoba and a Post-Master's in Family Therapy from the University of Pennsylvania and the Philadelphia Child Guidance Clinic. Deena is also a Family Enterprise Advisor, certified by the Institute of Family Enterprise Advisors, and a member of the BC-OD Network.   You can find out more about Deena on her website.   Key Takeaways [:26] Ruth Steverlynck welcomes Deena Chochinov and asks her to share a little about herself, even though she may need no introduction for most listeners!   [2:34] Deena shares how she decided to write the book HomeWork, despite already wearing three different hats, why add a fourth?   [4:25] What Deena has learned as a systems practitioner in family enterprise advising that she found imperative to share: a unifying antidote to divided business and personal identities.   [8:45] Integrated and whole leadership is a two-part subject to understand and master, Deena explains the “how” and the “what.”   [11:58] Leadership qualities Deena has identified to be essential over her 30-year career, through the lens of family advising.   [14:25] The “what” of leadership is well exemplified by a case study as shared by Deena in her book.   [16:31] Personal work and introspection can be scary, Deena explains why it is critical when working with families that have to navigate business and personal so intimately.   [21:16] Why is Deena sharing all of her secret tools and tips?   [23:24] We're all in the relationship business. Deena touches on what this means to her as a family enterprise advisor.   [26:21] Where to get Deena's book!   [27:13] Deena shares her book recommendations as well as her one piece of advice from an advisor to other advisors.   [32:25] Ruth thanks Deena for coming on the show to share her insight and wisdom with the audience.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast app. Please remember to share this episode with family, friends, and colleagues.Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. HomeWork: How to Be a Leader in the Boardroom and the Living Room, by Deena Chochinov   Deena's reading recommendations: High Conflict: Why We Get Trapped and How We Get Out, by Amanda Ripley   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Host Steve Legler speaks with Daniel Trimarchi from KPMG about the STEP Project Global Consortium and their recent report, The Regenerative Power of Family Businesses, which highlights the staying power of family enterprises and reveals the factors behind their lasting competitive advantage.   Guest bio Daniel Trimarchi is the Director, Family Business Advisory Services as well as the Director of KPMG Enterprise Global Centre of Excellence for Family in Canada. He specialises in family governance and succession planning with business families of various sizes and complexities. Daniel has over 10 years of experience working in Canada, the UK, and Australia, providing consulting services, business strategy, and compliance services to the family business and family office market.   You can find out more about Daniel on the KPMG website.   Key Takeaways [:26] Steve Legler is your host for this episode and welcomes Daniel Trimarchi and asks him to talk a little bit about the STEP project background before diving into the results of its most recent study.   [5:15] Daniel shares a little bit about the true breadth of this multi-country, multi-university study.   [7:01] The results were handled by KPMG so as to incorporate perspectives from the enterprising families, a secondary stage that lent depth to the results that followed.   [10:06] Daniel talks about how the team derived a formula for performance output with entrepreneurship as its first factor.   [13:49] The second part of the formula speaks to the importance of family control and influence; Daniel talks about the recently popularized concept of socio-emotional wealth.   [15:13] Daniel breaks down the performance types and the broad set of components they can fit into. He also explains how each factor would impact each type of performance in a 2x2 matrix.   [21:13] How does this all impact FEAs and advisors and how can they use the results of this study practically? Daniel talks about how the report has been used already as well as his own experience.   [25:57] The report included a Canada-specific analysis; Daniel shares a little bit on the specifics of this.   [28:04] Daniel shares his book recommendations as well as his one piece of advice from an advisor to other advisors.   [31:30] Steve thanks Daniel for coming on the show to share his expertise with the audience.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast app. Please remember to share this episode with family, friends, and colleagues.Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. STEP Project Global Consortium STEP report: The Regenerative Power of Family Businesses: Transgenerational Entrepreneurship   Daniel's reading recommendations: Interdependent Wealth: How Family Systems Theory Illuminates Successful Intergenerational Wealth Transitions, by Steve Legler Perpetuating the Family Business: 50 Lessons Learned From Long Lasting, Successful Families in Business, by John Ward   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Host Ruth Steverlynck sits down with Robin Catlin to discuss her white paper on the topic of different styles of inheritance and how advisors can enhance their understanding of the “experience of being an inheritor”. This can help bring awareness and dialogue to a way of relating to financial wealth that is not traditionally earned.   Guest bio Robin Catlin is a Managing Director at the Center for Family Wealth at Merrill Lynch where she helps families navigate the complexities of wealth over multiple generations. She is passionate about helping families thrive in the context of wealth, focusing on human capital and family culture in relation to their financial capital.   You can find out more about Robin on her LinkedIn.   Key Takeaways [:26] Ruth Steverlynck is your host for this episode and welcomes Robin Catlin and asks her to share a little bit about her background.   [3:43] When it comes to wealth, there is a lot of negative talk about inheritors. Robin is the author of a whitepaper on inheritance style and she shares the impetus for writing it.   [8:10] Robin shares a high-level overview of her paper before digging into the specifics.   [12:13] The challenges of being an inheritor are largely ignored, Robin shares her thoughts on why that is.   [15:29] Robin's paper challenges a widely held belief among advisors; she talks about what it means for the rising generation.   [19:16] The title of the paper mentions inheritance style, three of them to be specific: Inheritors, Stewards, and Sojourners. Ruth had heard of the first two, but the last one was a surprise!   [26:41] Ruth brings the conversation to the five stages of wealth integration: Awakening, Confusion, Perspective, Learning, and Adaptive Integration. Robin explains what each of them entails.   [29:55] Robin explains how advisors can practically use the information in the whitepaper as well as a few more key takeaways.   [34:16] Robin shares her reading recommendation and advice for advisors.   [37:35] Ruth thanks Robin for coming on the show and sharing her insights and tips with listeners.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast app. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.   Robin's reading recommendations: The Cycle of the Gift: Family Wealth and Wisdom, co-authored by James E. Hughes Jr. Language and the Pursuit of Leadership Excellence: How Extraordinary Leaders Build Relationships, Shape Culture and Drive Breakthrough Results, co-authored by the Chalmers Brothers   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Governance expert Matt Fullbrook speaks with host Steve Legler about the ways that family enterprises make decisions, whether informally or formally, and how there are so many ways that organizations can improve the ways that they set themselves up for success in an ever-changing world.   Guest bio Matt Fullbrook is a board effectiveness researcher and consultant and is the manager of the David & Sharon Johnston Centre for Corporate Governance Innovation at the Rotman School of Management. Under his direction, the Rotman School has evolved into the central hub of governance research in Canada.   As an independent consultant, Matt has advised dozens of boards of directors as an educator, facilitator, and researcher, helping them to maximize their effectiveness through the development and implementation of valuable governance processes, policies, and structures.   You can find out more about Matt Fullbrook on LinkedIn.   Key Takeaways [0:26] Steve Legler welcomes today's guest, Matt Fullbrook — Manager of the David & Sharon Johnston Centre for Corporate Governance Innovation at the Rotman School of Management — and asks him to share a little about how the idea behind his most recent interview came about: “To Make Boards Work Better, Look to Family Enterprises?”   [1:45] Matt offers up his preferred definition of governance and highlights the words he specifically didn't use in that definition. He touches on the advantages of creative and innovative freedom family enterprises benefit from in that regard.   [6:11] Counterprogramming is a tool Matt uses to give permission. He explains what this means as well as why sometimes exaggeration can work in your favor.   [9:16] Matt touches on some of the challenges executives face when it comes to how decisions are made in their enterprises and it's got more to do with our workspaces and habits than we might think.   [10:41] Either new generations are more flexible or they're being better prepared for leadership, Matt shares his thoughts on the new workforce when it comes to governance.   [13:52] Matt speaks about the inclusion aspects of decision-making and the need to try many different configurations in order to optimize the inclusion of many different perspectives.   [17:44] Matt's thoughts on the Chair and their role in inclusivity as well as the natural tendencies of people pushing their agenda or needing to have information pulled from them.   [20:21] Setting up boards differently presents challenges because of the natural tendency of people to look for answers and conventions. Matt shares some of the ways he circumvents those in his own advisory practice.   [25:27] In cases where the client is looking for a technical “right” answer and there isn't one, Matt offers that reframing the question might be the only solution.   [27:54] Generic tools make Matt nervous!   [29:40] Matt shares his advice for advisors and a book recommendation.   [34:30] Steve thanks Matt for joining us and sharing his knowledge and perspective on governance.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast apps. Please remember to share this episode with family, friends and colleagues. Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.   To Make Boards Work Better, Look to Family Enterprises?   Matt's reading recommendation: Thing Explainer: Complicated Stuff in Simple Words, by Randall Munroe   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Host Ruth Steverlynck sits down with Amy Hart Clyne, co-author of Finding Her Voice And Creating A Legacy, to learn more about the genesis of this research and delve into the stories of these amazing women. Amongst what is shared are some key takeaways for advisors working with or seeking to work with women in family enterprises and women leading wealthy families.   Guest bio Amy Hart Clyne, CFP® is Chief Knowledge & Learning Officer at Pitcairn. She has dedicated more than 30 years of her financial services career to helping prosperous families fulfill the promise and potential of their legacies and achieve wealth momentum. As an expert in private wealth management, Amy has spent her career translating the needs and desires of ultra-wealthy families and their advisors into practical insights and solutions-based experiences that educate, excite, and engage.   Amy has an MBA in Marketing from Columbia Business School, Columbia University, and a BA in International Relations from Colgate University. She has earned the Certified Financial Planner™ (CFP®) designation as well as the Family Business Advisor certification from the Family Firm Institute.   You can find out more about Amy Hart Clyne on her LinkedIn.   Key Takeaways [0:26] Ruth Steverlynck welcomes today's guest, Amy Hart Clyne — Chief Knowledge and Learning Officer with Pitcairn in New York — and asks her to share a little bit about the genesis of her latest book: Finding Her Voice And Creating A Legacy.   [4:59] Amy shares the methodology she and David Jaffe used to select the women to be interviewed in the context of the book. She also talks about some surprising findings they made along the way.   [6:36] Amy talks about how the title is reflective of the two most important themes distilled from the interviews with these women of wealth both in the inherited and new wealth categories.   [9:47] Roles and outdated stereotypes are beginning to fade in society at large, but Amy shares how this phenomenon is strangely slower to reach families of wealth.   [12:08] Widowhood is rarely talked about, but Amy's book dedicates an entire chapter to the subject and its ramifications. She shares some specifics as well as a story that she heard from women of wealth on this quasi-taboo subject.   [17:38] Amy shares two distinct stories from the book that illustrate the importance of relationship building. One woman called herself the force multiplier in a blended family and the other became the driving force in fostering unity in her family.   [24:17] An entire chapter is dedicated to the role of advisors, Amy shares her perspective on how advisors can better serve women of wealth as well as some pitfalls to avoid. She also touches on what she means by legacy mindset when it comes to widowhood.   [29:19] Amy shares her advice for advisors as well as her reading recommendations.   [34:30] Ruth thanks Amy for joining us and sharing these nuggets from her research!   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts or any other podcast app. Please remember to share this episode with family, friends and colleagues. Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.   Pitcairn Finding Her Voice and Creating a Legacy: Portraits of Pioneering Women Leading Wealthy Families, by Amy Hart Clyne and Dennis T. Jaffe   Amy's reading recommendation: Think Again: The Power of Knowing What You don't Know, by Adam Grant   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Ruth Steverlynck sits down with Jane Flanagan, author of a recent white paper capturing interviews with over 30 former CEOs of family offices to distil key lessons learned that are applicable across all domains of a family enterprise.   Guest bio Jane Flanagan is a Senior Vice President and serves as Director of Family Office Consulting in the Global Family and Private Investment Offices Practice at Northern Trust Corporation in the U.S. She and her team serve some of the world's most prominent families to educate them about their options and support them in finding their best way forward.Jane has been working with and learning from family leaders and family office executives for her entire career. She has interviewed hundreds of families to document best practices in areas such as family communication, strategies to engage rising generations, family office service delivery, compensation, and more.   Before joining Northern Trust, Jane was a Managing Director with Family Office Exchange in Chicago for 26 years.   You can find out more about Jane Flanagan on Northern Trust Corporation and her LinkedIn.   Key Takeaways [0:26] Ruth Steverlynck, the host, introduces and welcomes Jane Flanagan. The subject for this episode is a Northern Trust whitepaper Jane has released, “Succession Stories: Lessons learned from former family office CEOs.”   [2:11] Ruth has shared the whitepaper with a couple of family office CEOs. One said it was one of the best papers they had ever read in the family office space! Today's episode is important for the family office community.   [3:30] Jane learned from Northern Trusts' 2020 Family Office Benchmarking Survey that nearly two-thirds of the participants said they would soon experience a succession in the family, family office, operating business, or within the trustees. Jane searched for resources to help these leaders to prepare but didn't find anything written.   [4:20] Jane reached out to former family office CEOs to see if they would share their succession stories. Everyone said, Yes! The paper is a result of the generosity of 32 former family office CEOs whom she interviewed. Most of the former CEOs Jane interviewed were non-family member professionals; a few were family member family office CEOs.   [5:17] The intention of the whitepaper is to share lessons learned and advice from CEOs who had lived through a succession. Succession is a normal part of every family's experience but it's scary to think of life without that trusted person. Many people put off the succession conversation; this paper provides a way to start that conversation.   [6:22] Ruth is struck by the usability of the whitepaper. It's easy to read!   [6:59] As Jane interviewed the former CEOs she learned that succession changes the way you see things, especially those of the next generation. One CEO may be replaced by multiple people. It's more than talent.   [9:44] How does a family manage the emotional aspect of a family office CEO succession? “Letting go” is the big challenge. A CEO needs to let go of the office and help the family let go of the CEO. The CEO must take the time to plan for what's next for themselves, for the board, the staff, and the family.   [12:54] The thing CEOs said that made the biggest difference in succession planning was being aware that the departing leader sets the tone for the entire process. CEOs need to show confidence in the team, in the family's readiness to navigate the transition, and in the future, combined with transparent communication about the plan for the succession process.   [13:44] Framing the process from the beginning, acknowledging that it can be bumpy and require a little bit of extra patience from everyone, helps manage the family's expectations. Jane cites Life Is in the Transitions, by Bruce Feiler, which explores three phases of transitions. It's helpful to have a transparent communication plan to think through the timing.   [16:59] Jane describes how a family office relates to a family business and believes that family office succession principles apply equally to family businesses.   [17:51] As an advisor, be ready to welcome the CEO successor with open arms. New leaders bring a fresh perspective and are always looking for ways to add value, especially in their first 90 days or six months.   [19:03] The mandate and role of the successor CEO may be very different from those of the incumbent CEO, due to how the family and the business have grown and changed. Of the CEOs interviewed, 58% of them said at the same time there was a generational transition. Successor CEOs may need different skills. The family chooses the successor CEO.   [22:08] Jane says we could study this topic for the rest of our lives and never finish! More study is needed on successor CEOs and Trustees. There is a lot of work being done now on preparing the next generation to lead.   [24:10] Jane comments on the succession of knowledge, information, and relationships. The CEOs interviewed said they should have taken more time to prepare and done more to communicate with people sooner; you can never start too soon.   [25:49] For additional study, Jane suggests the links page at the back of the whitepaper (see link below). One book she particularly recommends is Designing Your Life: How to Build a Well-Lived, Joyful Life, by Bill Burnett and Dave Evans. It's a good book for anyone from a college graduate to a transitioning CEO.   [27:23] Jane's advice from an advisor to other advisors and her two book recommendations!   [30:38] Ruth thanks Jane for joining us and sharing these nuggets from her research!   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or any other podcast app. Please remember to share this episode with family, friends, and colleagues.Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. “Succession Stories: Lessons learned from former family office CEOs” Life Is in the Transitions: Mastering Change at Any Age, by Bruce FeilerDesigning Your Life: How to Build a Well-Lived, Joyful Life, by Bill Burnett and Dave Evans Wealth of Wisdom: The Top 50 Questions Wealthy Families Ask, by Tom McCullough and Keith Whitaker   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients. All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada. Description Host Steve Legler speaks with Dr. Joshua Nacht, author of Family Champions and Champion Families, about how FEAs can identify and support the champions who are part of many of their client families. These champions often have less obvious roles in the business circle but provide important leadership in the family and ownership circles, and as advisors we can become important resources to them. Guest bio Joshua Nacht, Ph.D., is a senior consultant with The Family Business Consulting Group and works with business families to help them become more intentional and organized to achieve their goals. He's adept at working with multigenerational families to integrate their diverse perspectives and create structured plans for continuity. Joshua is the author of the book Family Champions and Champion Families: Developing Family Leaders to Sustain the Family Enterprise. The book is a follow-up to his Ph.D. dissertation on the subject, which he did under Dennis Jaffe, who was our guest on Episode 11! You can find out more about Joshua Nacht on The Family Business Consulting Group and his LinkedIn.   Key Takeaways [0:26] Steve Legler welcomes Joshua Nacht. The subject for this episode is family champions. Joshua took his Ph.D. dissertation and wrote it into a book. [2:05] The concept of the family champion came out of research Joshua did for Dennis Jaffe. Many people Joshua interviewed played notable leadership roles in their family enterprises without working in them. They were involved in governance and engaged in helping their family informally. [3:47] When Joshua dug deeper, he came up with the idea of a book on family champions. He created his dissertation research planning to share it as a book for a wide audience. Joshua found tangible energy around the discussion about family champions. He would like the term family champion to become part of the family enterprise vocabulary. [6:33] People leading a business don't have the bandwidth to organize and lead the family. Joshua has met many family champions who informally organize and lead the family ownership group. Their leadership comes from their engagement and actions. The family champion role changes with the growth of the enterprise. [11:09] The family champion is not an authoritative leader. A family champion emerges as somebody steps up to fill a need. Joshua shares four catalysts of family champions. [14:02] The family champion is not always an individual. Sometimes a shared role works better. It could be a spouse pair, siblings or cousins. [15:43] The more the family champion is supported by the business leadership, the more successful they can be. Effective leadership in the family ownership group is as important as effective leadership in the business. Most family businesses run into problems because of the family, not the business. [19:25] Joshua discusses the governance forum; how the ownership council, the family and the board of directors of the business work together. The family champion supports effective governance by helping the ownership council and family to stay within their boundaries. [23:28] Governance structure may evolve as conditions change. Family champions can help create the governance structure to meet the needs of the family and the ownership council. [24:41] Joshua worked to build a family champion definition, characteristics, vocabulary and framework that can be adapted for each unique family. [26:51] Dennis Jaffe suggested that Joshua should not begin research with preconceived notions, but do research into what people are doing well in common. The things Joshua found emerged as the cornerstones of the book. [30:17] Joshua shares his book recommendation as well as a piece of advice from an advisor to other advisors. [34:06] Steve thanks listeners for taking the time to tune in and invites them to subscribe! Share your thoughts with us at fea@familyenterprise.ca Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. Family Champions and Champion Families: Developing Family Leaders to Sustain the Family Enterprise, by Joshua Nacht The Art of Gathering: How We Meet and Why It Matters, by Priya Parker   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients. All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Steve Legler speaks with Nicole Garton, FEA, about her recent book, Harnessing Conflict: How Family Businesses Can Survive and Thrive. They talk about the well-publicized Stronach and Rogers cases, and how and why FEAs can help their family clients get out in front of conflict while it is still manageable and use it to make their families even stronger as a result.   Guest bio Nicole Garton, B.A., LL.B, LL.M., C.Med, FEA, TEP, is a lawyer, mediator and parenting coordinator of family law, wills and estates matters. In her dispute resolution practice, Nicole focuses on the restructuring of families resulting from separation and divorce and wills and estate challenges. In her solicitor's practice, Nicole advises on all aspects of estate planning and administration, including the preparation of wills, powers of attorney, representation agreements and trusts, as well as applications for probate and letters of administration. You can find out more about Nicole Garton on the BC Heritage Law website and her LinkedIn.   Key Takeaways [0:26] Steve welcomes Nicole Gartner and asks her to share a little bit about her current research interest and the family that has been making the news rounds. [4:10] The Goldilocks spot of conflict management is real and can yield great benefits, Nicole shares how FEAs are an integral part of walking the line between destructive and productive conflict. [6:14] Nicole shares some constructive tips to help FEAs better help navigate the stages of conflict with the families they serve. [8:56] Getting family members to keep talking is key to making sure conflicts don't fester. Nicole talks about integrative and distributive conflict and shares some governance best practices. [12:28] Getting back to basics, Nicole shares one of the more important aspects of conflict negotiation as well as how to integrate game theory into your family advisory practice to reframe the idea of failure. [16:16] The three-circle model points us in the right direction; serving the whole family system is key. [17:02] Nicole shares her experience reading through the affidavits from the Stronach family trials. [21:26] Finding resolution often passes through the idea of finding a win for everyone, Nicole shares how this relates to the Rogers dispute. [25:27] Nicole shares an entertaining piece of the Rogers litigation. [27:44] Avoiding airing your laundry in public is about doing work upfront. FEAs need to learn to recognise when conflict is brewing and what experts to call in when they do. [30:31] Rogers mediation dispute fun fact! [31:47] Nicole shares her book recommendation as well as a piece of advice from an advisor to other advisors. [34:00] Steve thanks listeners for taking time to tune in, and invites them to subscribe!   Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. Harnessing Conflict: How Family Businesses Can Survive and Thrive by Nicole Garton Getting to Yes: Negotiating Agreement Without Giving In by Roger Fisher, William L. Ury and Bruce Patton The Infinite Game by Simon Sinek Four Thousand Weeks: Time Management for Mortals by Oliver Burkeman   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Description Dans cet épisode hors du commun, votre hôte Steve Legler discute avec Olivier de Richoufftz, secrétaire général de la Fondation des Familles Entrepreneuriales, au sujet des suites de leur plus récente recherche: Qui sont les Gardiens de l'Héritage Familial?   Bio Olivier de Richoufftz compte plus d'une décennie d'expérience auprès d'organisations soutenant les familles d'affaires ainsi que dans la croissance et la consolidation de leurs réseaux. Sa connaissance des enjeux importants auxquels les familles d'affaires sont confrontées de génération en génération se combine à un MBA d'HEC Paris et à sa vaste expérience en marketing, vente et développement. Il a travaillé pour des organisations telles qu'Euro Disney Resort et France Tourisme, et ainsi apporte une perspective stratégique et innovante à la Fondation des Familles Entrepreneuriales.   Pour plus d'informations au sujet d'Olivier de Richoufftz, visitez le site web de la Fondation des Familles Entrepreneuriales et LinkedIn.   Notes [0:26] Steve Legler vous accueille à une édition spéciale du balado! Olivier de Richoufftz, secrétaire général de la Fondation des Familles Entrepreneuriales se joint à Steve pour discuter des résultats de leur sondage compréhensif sur les entreprises familiales canadiennes.   [1:25] Olivier offre un bref survol de l'historique de la fondation et les ramifications positives d'être aujourd'hui chapeauté par Family Enterprise Canada.   [3:20] L'objectif d'une telle étude est simple, les transitions intergénérationnelles vont s'accélérer au courant de la prochaine décennie. Olivier explique certaines des visées plus précises de ce sondage incluant les questions liées aux impacts de la COVID sur les intentions de départ.   [5:29] La première partie de cette enquête a été publiée en octobre dernier et a soulevé quelques inquiétudes face aux transitions à venir. Olivier explique certaines d'entre elles ainsi que de quelle manière la seconde partie de cette étude y répond.   [7:01] « Qui Seront les Gardiens de l'Héritage Familial ? » est un titre provocateur, Olivier parle de ce choix et de la façon dont la génération montante entrevoit son futur à la barre.   [9:13] Olivier parle plus en détail de certains besoins qui ont été exprimés par les générations montantes et sortantes entre autres à en ce qui à trait à la fierté et à la confiance.   [12:17] Les résultats ont été validés par la communauté via la firme KPMG, Olivier explique ce choix ainsi que la nature à la fois quantitative et qualitative de cette recherche et de la posture unique que ces données qualitatives ont permi de faire ressortir chez les participants.   [16:08] Il n'est jamais trop tôt, ou trop tard, pour nourrir des discussions sur la succession! Olivier explique l'impact que peut avoir la relation intergénérationnelle sur le bien commun familial. [18:18] Olivier partage les aspirations futures de la fondation en ce qui à trait au suivi dans le cadre de cette recherche.   [19:29] Steve remercie Olivier ainsi que l'auditoire et invite tout un chacun à s'abonner à ce balado pour ne rien manquer des épisodes futurs.   Partagez vos idées avec nous au fea@familyenterprise.ca   Mentionné durant l'épisode Le balado Let's Talk Family Enterprise est présenté par Family Enterprise Canada. Fondation des Familles Entrepreneuriales Ready, Willing and Interested — Or Not? (Première partie du sondage compréhensif)   Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn  

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description In this special episode, host Steve Legler speaks with Olivier de Richoufftz, General Secretary of Family Enterprise Foundation about their latest continuity research report, Who are the Guardians of Family Legacy?   Guest bio Olivier de Richoufftz With over a decade of experience with organizations supporting business families as well as growing and solidifying their networks, Olivier de Richoufftz is well-seasoned in the important issues business families face from generation to generation. An MBA from HEC Paris, paired with his extensive experience in marketing, sales, and development for organizations such as Euro Disney Resort and France Tourism, bring strategic perspective and innovation to Family Enterprise Foundation.   You can find out more about Olivier de Richoufftz on the Family Enterprise Foundation website and LinkedIn.   Key Takeaways [0:26] Steve Legler welcomes listeners to a special edition of the podcast dedicated to an overview of the results of the recent comprehensive survey completed by the Family Enterprise Foundation — Who Are The Guardians of Family Legacy? — on the landscape of Canadian family enterprises.   [1:20] Steve launches the discussion by asking Olivier de Richoufftz a little bit about the Foundation's origins. Olivier touches on why the comprehensive survey came at a very opportune time, and some of the important coming changes in Canada's Family enterprises it revealed.   [3:22] Olivier shares the impetus behind launching this most recent second part of the survey as well as some of the more interesting highlights from the results.   [5:43] Aside from the family business spirit being very strong among the rising generation, Olivier touches on some of the really interesting findings from this research as it relates to the different ways the coming generation and the leading generations view the next great transition.   [8:15] Ownership versus leadership is expected to be a key element of discussion as the generational shift continues over the next few years; Olivier explains why this may be.   [10:07] Olivier talks about how the survey data was compiled and why the foundation chose to include generational leaders and experts to help make it an interesting reading piece.   [11:54] Finding common ground is key to generational transfers, Olivier speaks to some of what the survey has to say when it comes to Canadian enterprising families.   [14:22] Olivier talks about one thing they noticed stood out in the survey. He also speaks to what the future of research is pointing towards at the Family Enterprise Foundation. [17:53] Steve thanks Olivier de Richoufftz and listeners for taking time to tune in, and invites them to subscribe!   Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. Family Enterprise Foundation Ready, Willing and Interested — Or Not? (Part one of the comprehensive survey)   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Ruth Steverlynck sits down with Christian Stewart, Founder and Principal of Family Legacy Asia, and 2021 recipient of the Family Firm Institute's Interdisciplinary Award, to discuss the characteristics and merits of working in collaborative advisory teams.   Guest bio Christian Stewart founded Family Legacy Asia in July 2008 to help Asian families preserve their family wealth for generations by providing them with independent and objective advice on effective family governance practices.   Christian works with enterprising families as a process consultant, coach, and family meeting facilitator. He helps families to form their own family council, family constitution, and family policies, often in the context of planning for succession. Christian also advises a small number of families on family learning & development and acts as a chief learning officer.   You can find out more about Christian Stewart on the Family Legacy Asia website and LinkedIn.   Key Takeaways [:26] Ruth Stevelynck welcomes Christian Stewart, Founder of Family Legacy Asia, and asks him to talk a little bit about his career trajectory and what brought him to family enterprise advising.   [8:17] Christian was honored with the Family Firm Institute Interdisciplinary Award for 2021, he touches on what interdisciplinarity truly is as opposed to multidisciplinarity.   [12:19] Working with advisory teams is a part of what Christian does; he delves a little deeper into the three different aspects of interdisciplinarity when it comes to actually advising clients.   [18:14] External resources are an integral part of how an interdisciplinary team optimally functions, Christian shares an example of how this can manifest.   [20:25] Christian shares his thoughts and tips on how to best build a collaborative team when one is the newest addition to a team.   [26:45] Fostering team cohesiveness requires intentionality, Christian shares his expertise and best practices around building collaboration.   [29:00] Family enterprises that don't have a cohesive, intentional approach — i.e. siloed approaches — face some risks, Christian explains how and shares a few examples.   [35:44] Christian shares his one piece of advice as an advisor for other advisors as well as his book recommendations. [43:26] Ruth thanks listeners for taking time to tune in, and invites them to subscribe!   Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. Interdisciplinary Award — FFI Tara Brach More Time to Think: A Way of Being in the World, by Nancy Kline The Different Drum: Community Making and Peace, by M. Scott Peck, M.D. Healing Collective Trauma: A Process for Integrating Our Intergenerational and Cultural Wounds, by Thomas Hübl   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description In a departure from the usual format, this episode features both of our regular hosts, Ruth Steverlynck and Steve Legler, acting as both host and guest.   They decided to look back at some of their favourite episodes from 2021 and discuss a few of their greatest takeaways in the hopes of bringing back good memories and encouraging listeners to go check out episodes they may have missed along the way.   Guest bio Steve Legler was born into a family business, and as the only son of an immigrant entrepreneur, was expected to follow in Dad's footsteps. Along the way, he also married into a business family and has seen some of the communications challenges that they have faced over the years.   He now realizes more than ever how important good communication is for families who want their legacy to continue, as it is transferred to future generations.   As a supplement to his life-long career in a family business and an MBA, In 2013, he enrolled in the Family Enterprise Advisor program, which is geared mostly to wealth managers, accountants, and insurance folks who deal with business families on a regular basis. He immediately felt more of an affinity with those at the front of the room, who were teaching the classes; people who work as family business facilitators, trusted advisors, coaches, and mediators.   You can find out more about Steve on his website and LinkedIn.   Ruth Stevelynck's great passion is working with families to help navigate this complexity — planning for the human/relational aspects of wealth transition: fostering positive communication, managing upsets, and developing key competencies needed to realize aspirations.   With an international background in Law, Dispute Resolution, Education and Governance, Ruth recognizes that no single approach works for all, so she draws upon her diverse experience and network of resources.   Her particular area of expertise is the arena of inherited wealth. She primarily consults to Family Offices and/or families whose wealth sits in Trust.   You can find out more about Ruth on Your Family Enterprise Website and LinkedIn.   Key Takeaways [0:26] Ruth and Steve will be each other's host and guest, covering the past 30 episodes and providing an overview of all the information that was shared this past year.   [2:14] Dr. Moira Somers joined the podcast on an episode to talk about how the medical profession and family advisors play a similar role; Steve and Ruth touch on the curse of knowledge and the importance of connection.   [6:20] Dr. Lee Hausner had a two-part episode series where she asked that the questions be crowd-sourced! From success to significance, and not letting the family business be the family welfare state, Ruth and Steve share how impactful this interview was.   [11:24] Dr. Josh Baron talked about the four rooms model and the five rights of owners. The hosts share highlights from this interview and their appreciation of the fact that there are now actual models for reference.   [16:05] Scott Peppet: from law professor to Buddhist priest. Ruth shares her perspective on how the slightly provocative interview with him impacted the way she perceives family offices.   [21:38] David C. Bentall talked about learning patience and EQ. Ruth touches on honesty and the need to learn and reflect on your mistakes.   [27:34] Melissa Mitchell-Blitch shared her experience on doing exactly what the client wanted and how it can end up harming the family. Steve and Ruth reflect on the importance of finding a way to put relationships first and on the practical tools they took away from this episode.   [31:12] Ruth and Steve share their most impactful reads and advice for advisors. [36:13] Steve and Ruth thank listeners for taking time to tune in, and invite them to subscribe!   Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.   Dr. Moira Somers: “Advice That Sticks” — released on September 13, 2021 Dr. Lee Hausner: “In Conversation with Dr. Lee Hausner,” Parts 1 and 2 — released on March 8 and April 12, 2021 Dr. Josh Baron: “Family Business Ownership: Four Rooms and Five Rights” — released on June 7, 2021 Scott Peppet: “The Family-Focused Office: Not a Family Office” — released on July 12, 2021 David C. Bentall: “Dear Younger Me” — released on August 9, 2021 Melissa Mitchell-Blitch: “Helping Families Thrive When Business is Personal” — released on January 11, 2021   Books: Range: Why Generalists Triumph in a Specialized World, by David Epstein Solving Tough Problems: An Open Way of Talking, Listening, and Creating New Realities, by Adam Kahane   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Steve Legler speaks with Dr. Jim Grubman about everything from "Wealth 3.0" and the Ten Domains of Family Wealth to the importance of having knowledge, skills and the ability to learn to play well with others.   Guest bio Dr. Jim Grubman is an internationally recognized consultant to families of wealth, family enterprises and the advisors who serve them. His work with clients at many levels of affluence — from the “millionaire next door” to The Forbes 400 — has earned him a global reputation for thought leadership within the field. Whether facilitating a family meeting or training advisors in the complexities of wealth, he draws on his deep knowledge of psychology, family dynamics and family business, with specialty interests in trusts and estates law and family governance. His goal: to help integrate life and wealth for the benefit of the family and society.   You can find out more about Dr. James Grubman on his website and his LinkedIn.   Key Takeaways [0:26] Steve introduces today's guest and invites him to share a bit more about the 10 Domains of Family Wealth from Ultra High Networth Institute as well as how “playing well with others” ties into it.   [4:12] Jim speaks to how the 10 Domains of Family Wealth have helped evolve the way we think about wealth management from an initial — and exclusive — focus on money.   [6:41] What is wealth 3.0? Jim gives us the “Reader's Digest” version, from trying to avoid the “shirtsleeves to shirtsleeves” to the 70% rule on wealth transfer and what it means for the future of advising.   [13:49] On top of demographics as a factor in how advisors and families evolve, Jim touches on the many influences at play, and what is still missing in the field for it to be truly recognized.   [19:03] Jim explains what he means when he says that for a strong field in the future, advisors will need to be conversant if not fluent.   [24:00] Having everyone — from the head of the family to the siblings — around the table and educated on the family dynamics and plans may be the surest way into wealth 3.0, Jim explains.   [29:00] Jim's reading recommendation as well as his advice for advisors. [32:41] Steve thanks Dr. Grubman for joining the podcast and sharing his experience and expertise with the audience. Listeners, please subscribe!   Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.   Ultra High Net Worth Institute   Books: Strangers in Paradise: How Families Adapt to Wealth Across Generations, by James Grubman Ph.D. Cross Cultures: How Global Families Negotiate Change Across Generations, by Dennis T. Jaffe Ph.D., and James Grubman Ph.D. The Moses of Rovno: The Stirring Story of Fritz Graebe, a German Christian Who Risked His Life to Lead Hundreds of Jews to Safety During the Holocaust, by Douglas K. Huneke   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Ruth Steverlynck sits down with Gaia Marchisio and Wendy Sage-Hayward to discuss their soon-to-be released book, Own It: How to Develop an Owner's Mindset at Every Age, co-authored alongside Barbara Dartt. Wendy and Gaia share why they wrote this book, what readers will learn, who will most benefit from reading it, as well as key learnings they each had during its development.   Guest bio Wendy Sage-Hayward is the co-founder of SAGE Leadership Advisers Inc., a Vancouver-based leadership coaching and consulting company. She has 20+ years of experience in rebuilding and strengthening leadership and family teams to help them function as effective stewards of their business and family enterprise. She specializes in the “tough” cases such as derailing executives and business families in high conflict. Wendy earned a Master's degree in Counselling Psychology at the University of British Columbia.   You can find out more about Wendy Sage Hayward on the Sage Advisors website, the Family Business Consulting Group and her LinkedIn.   Gaia Marchisio is a tenured Associate Professor of Management at the Coles College of Business at Kennesaw State University (GA, USA), and Executive Director of the Cox Family Enterprise Center. Gaia brings a unique combination of knowledge and experience from the fields of strategic management, behavioral science and entrepreneurship to her work with family businesses, combined with a growing expertise in family dynamics and conflict management.   You can find out more about Gaia Marchisio on the Family Enterprise Foundation website and her LinkedIn.   Key Takeaways [0:26] Ruth Steverlynck welcomes Wendy Sage-Hayward and Gaia Marchisio to the podcast to discuss their latest book, Own It! Both guests share their diverse backgrounds.   [5:38] Ruth shares an interesting road trip story that involves all of today's guests. She asks Gaia and Wendy what their individual impetus for writing the book was.   [8:11] Wendy speaks to the things she wishes she'd known when she became an owner in her family business and all of the things she had to learn while unprepared.   [14:12] Gaia shares how, in light of her introduction story, she began to work and study in the field of getting next generations ready for taking over.   [16:48] When it comes to next generation successors, Gaia opens the conversation on the three common struggle categories the book tackles as well as where these difficulties originate and how to best manage them.   [21:49] This is a book about education and growth. Gaia touches on who she believes the primary audience to be.   [24:46] There are common blind spots when it comes to running a family enterprise. Wendy shares a few of them, why they tend to occur and how collective learning can help mitigate most of them.   [28:52] Reflecting on ownership and stewardship is critical. Wendy shares some of the most profound questions families need to answer in order to pursue generational success.   [31:46] Gaia talks about what writing this book has meant to her in terms of deepening her understanding of belief systems and the sharing mindset.   [36:00] Wendy developed tremendous respect for diversity and a profound understanding of how complex the concept of ownership really is.   [38:46] Gaia and Wendy each share their piece of advice for other advisors as well as their reading recommendations. [48:08] Ruth thanks Wendy and Gaia for joining the podcast and sharing their experience and expertise with the audience. Listeners, please subscribe!   Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.   Books: Own It!: How to Develop a Family Enterprise Owner's Mindset at Every Age, by Wendy Sage Hayward and Gaia Marchisio Preparing Successors for Leadership: Another Kind of Hero, by Craig E. Aronoff and John Ward The Voice of the Rising Generation: Family Wealth and Wisdom, by James E. Hughes Jr. Boundaries in Human Relationships: How to Be Separate and Connected, by Anne Linden   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Host Steve Legler speaks with guest John A. Warnick, founder and head of the Purposeful Planning Institute. Together they cover how the institute came into being, the importance of collaboration, the natural fit that many FEA's feel with that network and the future of the movement to more family-centric advice and planning.   Guest bio John A. Warnick is the founder of the Purposeful Planning Institute and Family Wealth Transitions & Solutions.   He finds immense fulfillment in educating and training children, adolescents and emerging adults in financial literacy, philanthropic service and holistic family wealth principles. He is currently serving as co-editor of a book on best practices for trusts and is also working on two other books entitled, The Gift of You and The Purposeful Trust Handbook.   Mr. Warnick received a BA magna cum laude from Brigham Young University and his JD from George Washington University with honors.   You can find out more about John A. Warnick on the Purposeful Planning Institute website and on his LinkedIn.   Key Takeaways [0:35] Steve Legler welcomes John A. Warnick and invites him to correct or add anything to his introduction.   [3:22] Mr. Warnick touches on how he came to land on the moniker “Purposeful Planning.” He shares how his views on family planning evolved and the importance of being more reflective for both clients and advisors.   [9:04] Walking the purposeful road was helped by quite a few mentors along the way, Mr. Warnick speaks to the foundational influences he's benefited from and shares how he met James E. Hughes.   [16:48] The purposeful planning movement is progressing; John A. Warnick talks about how he sees the future taking shape collaboratively; Steve and John discuss multidisciplinary fluency.   [26:09] Mr. Warnick talks about the synergy between FEA, Family Enterprise Canada and PPI, and how this overlap is expanding the library of best practices.   [31:50] John A. Warnick shares his book recommendations as well as his one piece of advice from an advisor to other advisors. [36:17] Steve thanks John for joining the podcast and sharing his experience and expertise with the audience. Listeners, please subscribe!   Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.Family Enterprise Advisor designation (FEA) James E. Hughes Jr.   Books: Family Wealth — Keeping It in the Family: How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations, by James E. Hughes Jr. The 7 Habits of Highly Effective Families: Building a Beautiful Family Culture in a Turbulent World, by Steven R. Covey Time to Think: Listening to Ignite the Human Mind, by Nancy Kline More Time to Think: A Way of Being in the World, by Nancy Kline   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Host Steve Legler speaks with Dr. Moira Somers, author of the book, Advice That Sticks, to discuss the importance of not simply having the best solution for families that FEAs work with but taking the time to connect with clients so that they can increase the chances that clients will actually implement the ideas FEAs share with them.   Guest bio Dr. Moira Somers is a neuropsychologist, professor, executive coach and author of the book, Advice That Sticks: How to give financial advice that people will follow. She is a leading practitioner in the field of financial psychology and financial change.   You can find out more about Dr. Moira Somers on the Money, Mind, & Meaning website and LinkedIn.   Key Takeaways [0:35] Steve Legler welcomes Dr. Moira Somers, and invites her to share a little bit about her book, the main premise of which is “just telling people what to do isn't enough.”   [2:55] Dr. Moira shares how the financial and medical worlds intersect in a surprising way: Two traits are required of their practitioners — both of which can thankfully be taught!   [3:42] Tailoring advice sometimes means being prepared to back off some of our ideas in favor of what the client needs. Dr. Somers explains why your “B team” advice is sometimes better than your “A team” advice.   [5:04] Dr. Moira speaks to the University programs currently undertaking research with financial clients as the subjects. She also touches on another similarity between the financial and medical fields: prevention.   [7:15] What is the F.A.C.T.S. Model? Dr. Somers explains what it is as well as the F.A.C.T.S. Paradigm, and the five psychological domains that influence follow-through.   [9:20] What are your clients ready to do and what is their level of motivation? The Readiness Assessment tool might be just the thing. Dr. Moira touches on the limitations of the K/Y/C questionnaires.   [12:57] Dr. Somers shares a bit of research: What percentage of your recommendations are actually being acted on? You'll be surprised to hear that follow-through is actually statistically abnormal.   [13:59] A little tidbit for the stat nerds out there! What you do as an advisor counts for more of the variance than all client characteristics combined!   [15:50] The advisor (and medical!) field is composed of highly intelligent, confident people. Dr. Moira offers an Achilles' heel all of us should mind as well as a few other reflexes we all should keep in check.   [20:18] On the importance of a feeling of safety when in an advisory relationship and how to build it. Steve offers the saying “They don't care how much you know until they know how much you care.”   [22:45] During and immediately after big life changes is a critical time for advisors — important life changes go along with changes in identity, Dr. Somers shares how to bridge the gap.   [25:08] Technical skills can be learned, so too can personal skills! Dr. Moira emphasizes how every decision that we all make goes through the personal filter, and as such, addressing the personal filter may be the most important thing to do for your advice to land.   [27:17] What is the difference between an executive coach and a neuropsychologist?   [29:18] Dr. Somers shares her book recommendations — a two-for-one! — as well as her one piece of advice for advisors. [32:29] Steve thanks Dr. Moira Somers for joining the podcast and sharing her experience and expertise with the audience. Listeners, please subscribe!   Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.Family Enterprise Advisor designation (FEA)   Books: Advice That Sticks: How To Give Financial Advice That People Will Follow, by Dr. Moira Somers Ask: How To Relate To Anyone, by Dan Solin Lost and Found: One Woman's Story of Losing Her Money And Finding Her Life, by Geneen Roth   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description In this episode, Steve Legler speaks with David C. Bentall about David's latest book, Dear Younger Me: Wisdom for Family Enterprise Successors. They also discuss some of the traits that successors to family enterprises may want to develop and how FEAs might better "walk the walk" when working with enterprising family members.   Guest bio David C. Bentall is the Founder and President of Next Step Advisors, based in Vancouver, BC, where he works with people from enterprising families in a variety of different capacities.   You can find out more about David C. Bentall on the Next Step website and LinkedIn.   Key Takeaways [0:35] Steve Legler introduces David C. Bentall to the Let's Talk Family Enterprise podcast. Steve and David met in 2013 when Steven taught the FEA program module, “Business Boards and Family Councils.” Steve invites David to discuss his latest book, Dear Younger Me: Wisdom for Family Enterprise Successors.   [1:50] After leading two back-to-back family meetings that didn't go well, David sought answers. His book highlights key factors to ensuring better family meetings.   [5:38] All the traditional EQ traits are relevant for any business leader or aspiring leader who wants to be successful, but especially in the family enterprise. Family relationships are irreplaceable.   [8:24] David discovered that some leadership styles are not ideal for leading in a family enterprise. In his book, David points to certain people with leadership styles that apply well to a family business.   [10:53] David shares the single most damaging trait he had as a young family enterprise successor as well as the lessons he learned from it.   [13:24] In a family enterprise, successors can be very eager to get to the next step. David shares anecdotes that help highlight the idea that we ought to be grateful for the positions we have.   [17:35] Sometimes advisors think they are supposed to have all the answers. David shares some ways you can reframe questions and gain more information.   [20:26] David outlines the three truths that apply to almost all family enterprises transitioning from one generation to another.   [23:45] Fisk Johnson, CEO of SC Johnson, once said he knew there wasn't going to be room for him in the company as long as his father was there. So he decided to go to school instead.   [28:05] David has been cultivating the trait of empathy. He shares why this is critical for family advisors, and how it has broadened his understanding of himself and others.   [30:37] David shares his book recommendations as well as his advice for advisors. [34:30] Steve thanks David for joining the podcast and sharing his experience and expertise with the audience. Listeners, please subscribe!   Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. Family Enterprise Advisor designation (FEA)   Books: Dear Younger Me: Wisdom for Family Enterprise Successors, by David C. Bentall Deconstructing Conflict: Understanding Family Business, Shared Wealth and Power, by Doug Baumoel and Blair Trippe Long Walk to Freedom: The Autobiography of Nelson Mandela, by Nelson Mandela Fire Road: The Napalm Girl's Journey through the Horrors of War to Faith, Forgiveness, and Peace, by Kim Phúc Phan Thi   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description In this episode, Ruth Steverlynck sits down with guest Scott Peppet to explore why the traditional family office lens of managing financial capital and legal risk - whilst important - is not in service of the primary task of a family office: the family. Scott shares his thoughts on what a family-focused office looks, acts and feels like where the well-being of the family is front and centre. What he shares is applicable to all advisors who work with families of wealth irrespective of whether there is a family office.   Guest bio Scott Peppet is the President of a single-family office and private trust company, an advisor to family members seeking a more authentic presence around wealth, a speaker and writer on family enterprise issues, a facilitator of difficult but generative conversations for business and family leaders, an expert on conflict and negotiation and a Zen priest.   You can find out more about Scott Peppet on his website.   Key Takeaways [0:30] Ruth Steverlynck introduces Scott Peppet to the podcast and invites him to share a little bit about his background from being a lawyer, writing books and being an ordained Zen priest.   [6:40] What is a family-focused office, and how does it differ from a family office? Scott shares some pitfalls of having technical expertise while advising families.   [12:16] Are you in service of the family or are you in service of the wealth? Scott speaks to why a family-focused office is important.   [15:22] Outsourcing the mental and emotional well-being of a family may not be the right choice; Scott touches on what happens when an organization shifts to a family-focused mindset.   [16:52] Scott breaks down what a family-focused office looks like. He also touches on what a “wonder question” is and how a family-focused office might be able to tackle those.   [21:40] Scott talks about a little-discussed indicator of a family office and how he often sees fear in the organizations he visits.   [25:25] Scott shares what wealthy family members need more than anything — and rarely get from the world — which can shift their world from obligation to opportunity.   [30:30] Scott's guiding beliefs come from multiple sources; he shares how “from obligation to opportunity” came to be and the impact it has had on his life and practice.   [36:13] The “to me” vs. “by me” mindsets and how this impacts family members.   [37:55] Ruth speaks to how helpful for her work Scott's whitepapers have been; she invites him to share some of the other topics he writes about so other advisors can use his resources.   [42:20] Scott shares his reading suggestions and advice for advisors.   [44:18] Ruth thanks Scott for sharing so much of his expertise and invites listeners to subscribe to the podcast.   Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.   Book: The 15 Commitments of Conscious Leadership: A New Paradigm for Sustainable Success, by Jim Dethmer, Diana Chapman and Kaley Klemp   More about Family Enterprise Canada Family Enterprise Canada Family Enterprise Canada on LinkedIn Family Enterprise Canada on Twitter Family Enterprise Canada on Facebook

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Host Steve Legler speaks with Dr. Josh Baron, co-author of HBR's Family Business Handbook about Family Business Ownership. Together they discuss the Four Rooms models, which nicely complements the Three Circle Model, as well as the Five Rights of Family Business Owners (Design, Decide, Value, Inform and Transfer). Guest bio Dr. Josh Baron is a co-founder and Partner at BanyanGlobal. For the last decade, he has worked closely with families who own assets together, such as operating companies, family foundations and family offices. He helps these families to define their purpose as owners and to establish the structures, strategies and skills they need to accomplish their goals. Josh is also an Adjunct Professor at Columbia Business School, where he teaches MBA courses on Family Business Management and Managing Conflict in Family Business. He also teaches in the Enterprising Families Executive Education Program.   You can find out more about Dr. Josh Baron on the BanyanGlobal website.   Key Takeaways [0:30] Steve Legler introduces Dr. Josh Baron to the podcast and invites him to share a little bit on how he developed the Four Rooms model.   [2:30] Should the Four Rooms model be used with or instead of the Three Circles model? Dr. Baron talks about how to understand system dynamics.   [6:12] Family and family business dynamics differ greatly; Dr. Baron speaks to the function of doors as they encourage or limit access within a family business as well as the model as a pedagogical tool.   [9:10] Dr. Baron shares a professional anecdote where working with the Four Rooms helped organize and streamline operations. He also shares his tips on how to use this tool more efficiently.   [13:10] The distinction between “voice” and “vote” leads Dr. Baron to share some advice on how to navigate certain touchy situations in the Owner Room.   [14:55] After the “Three Circles” and the “Four Rooms”, we have the “Five Rights of Ownership”. Dr. Baron breaks down each of these rights and what they tangibly mean.   [20:00] Creating capital through communication is something Dr. Baron lives by. He shares his thoughts on finding the balance between privacy and inclusion.   [26:40] Power dynamics in owner's groups can shift over time, Dr. Baron shares the story of “the kids” who grew into their ownership power in their 50s!   [31:47] Dr. Baron offers his book recommendations as well as advice for advisors.   [35:09] Steve thanks Dr. Josh Baron for sharing so much of his expertise and invites listeners to subscribe to the podcast.   Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. BanyanGlobal Family Business Advisors   Books: Family Business Handbook: How to Build and Sustain a Successful, Enduring Enterprise, by Dr. Josh Baron and Rob Lachenauer Range: Why Generalists Triumph in a Specialized World, by David Epstein   More about Family Enterprise Canada Family Enterprise Canada's Website Family Enterprise Canada on LinkedIn Family Enterprise Canada on Twitter Family Enterprise Canada on Facebook

Introduction Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Exchange or its employees.   Description Guest Host Steve Legler speaks with Dr. Karl Pillemer of Cornell University and author of Fault Lines: Fractured Families and How to Mend Them. Together, they discuss various ways that Family Enterprise Advisors (FEAs) can act as valuable resources to their family clients who have experienced family estrangement, which can occur over money and inheritance or unmet expectations.   Guest bio Karl Pillemer, Ph.D., is one of America’s leading family sociologists and researchers on aging. Dr. Pillemer is a Professor of Human Development at Cornell University and Professor of Gerontology in Medicine at the Weill Cornell Medical College.   Throughout his career, Dr. Pillemer’s research has focused on how family relationships develop and change throughout people’s lives. His research takes place in the real world of families and professionals who work with them.   Karl Pillemer lives in Ithaca, New York, with his wife, Clare McMillan. He is the father of two daughters, Hannah and Sarah, and the grandfather of (scientifically and objectively speaking) the most adorable grandchildren in the world, Clare and Tommy. When not writing, you may find him running, biking, and playing the guitar (badly).   Book: Fault Lines: Fractured Families and How to Mend Them, by Karl Pillemer, Ph.D.   You can find out more about Dr. Karl Pillemer here.   Key Takeaways [0:30] Steve Legler introduces Dr. Pillemer and launches the conversation on how learning to work with fractured families is relevant to family advisors.   [2:47] Karl talks about the silent epidemic that a great number of families struggle with as well as some of the ways professionals can help families tackle this issue.   [5:50] The advisor may well be perfectly suited to serve a preventative function within families; Dr. Pillemer explains how.   [8:32] Karl describes one of the major highways to family estrangement and how advisors can help zero-sum game situations.   [10:40] There are multiple paths to estrangement, and Dr. Pillemer offers that socio-cultural expectations may have a big role to play as well.   [15:12] There is hope, even when there are fractures; Dr. Pillemer shares some of the results he saw in case studies.   [18:00] Should some fractures even be mended? Karl shares what signs to watch for as well as an anecdote from his book.   [22:40] Dr. Pillemer talks about the problem of inertia in the context of family conflicts.   [25:35] Successful reconciliation required one key aspect from the people involved, and Karl shares how he has seen this again and again.   [30:10] Looking forward despite disagreement is hard, but Dr. Pillemer shares how people who mend families have found a way.   [31:12] Steve invites Dr. Pillemer to share a book recommendation as well as his advice to advisors.   [36:40] Steve thanks Dr. Karl Pillemer for sharing so much of his expertise and invites listeners to subscribe to the podcast.   Share your thoughts with us at fea@family-enterprise-xchange.com   Mentioned in this episode Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Xchange. Book: Fault Lines: Fractured Families and How to Mend Them Hidden Valley Road: Inside the Mind of an American Family, by Robert Kolker   More about Family Enterprise Xchange Family Enterprise Xchange FEX on Facebook FEX on Twitter FEX on LinkedIn

Introduction Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients. All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Exchange or its employees. Description In this episode, Dr. Lee Hausner sits down with Ruth Steverlynck for part 2 of our 2-part conversation, answering questions posed by FEAs. Topics covered in this podcast include the “big reveal”, money and meaning, talking about money, the important role of philanthropy in wealth transition and more. Guest bio Dr. Lee Hausner is an internationally recognized clinical psychologist, business consultant, and family wealth advisor. She served as the senior psychologist for the Beverly Hills Unified School District for 19 years and is currently the Senior Managing Director for First Foundation Advisors. Dr. Hausner is a graduate of Northwestern University (BA, Psychology), San Francisco State University (MA, Psychology), and Kensington University (Ph.D., Psychology). You can find out more about Dr. Lee Hausner here. Key Takeaways [0:30] Ruth Steverlynck introduces Part 2 of the discussion with Dr. Hausner. [3:00] The discussion starts with Dr. Hausner’s answer to the question “when, how and how much do we tell our children about the wealth they will receive when it comes to wealth transition?” [7:37] Dr. Hausner touches on the role achievement plays in the coming generations and how to manage the profound impacts on children of the last great taboo in our modern society. [12:24] Does age matter when discussing estate planning? Dr. Hausner shares her take on when the right time might be. [15:30] Fear of entitlement can lead to withholding teachable moments as it relates to certain particular life skills, Dr. Hausner weighs in on the importance of transparency. [19:20] Dr. Hausner shares some tips on how to protect more vulnerable heirs as well as gifting. [23:00] In a technological world, handling money has become a more abstract concept. Does this have an impact on how children learn healthy financial habits? [24:40] As more women become wealth owners, Dr. Hausner touches on how marriage relationships may be affected in the future. [29:35] Dr. Hausner shares how she has handled emotional situations in her professional practice and why working with families can create a blurred boundary between the personal and professional. [33:04] Is walking away from a family something you can do as an advisor? [37:37] Dr. Lee Hausner’s advice for advisors. [39:41] Ruth thanks Dr. Hausner and invites listeners to subscribe to the podcast. Share your thoughts with us at fea@family-enterprise-xchange.com Mentioned in this episode Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Xchange. More about Family Enterprise Xchange Family Enterprise Xchange FEX on Facebook FEX on Twitter FEX on LinkedIn

Introduction Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors (FEAs) in supporting their clients.   All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Exchange or its employees.   Description In this episode, Dr. Lee Hausner sits down with Ruth Steverlynck for part 1 of a 2-part conversation answering questions posed by FEAs. Topics covered in this podcast include: what to do when members of the rising generation are not willing or able to take over the family business; how advisors can help in situations where family leaders will not let go; what is different about advising family businesses today; and more.   Guest bio Dr. Lee Hausner is an internationally-recognized clinical psychologist, business consultant, and family wealth advisor. She served as the senior psychologist for the Beverly Hills Unified School District for 19 years and is currently the Senior Managing Director for First Foundation Advisors. Dr. Hausner is a graduate of Northwestern University (BA, Psychology), San Francisco State University (MA, Psychology), and Kensington University (Ph.D., Psychology).   You can find out more about Dr. Lee Hausner here.   Key Takeaways [0:30] Ruth Steverlynck is thrilled to welcome and introduce the internationally recognized clinical psychologist and business consultant Dr. Lee Hausner to today’s episode.   [3:45] The overall assessment of “fit” between the rising generation and the family business is, according to Dr. Hausner, a multi-part question. She breaks down the different aspects of this, and how each can be tangibly addressed from a family and a business standpoint.   [5:49] Engaging the next generation in a positive representation of the family business starts early; Lee shares some practical tips on how to identify and promote traits that could be valuable for the business as well as the other way around!   [10:20] Dr. Hausner explains what she means by a “family welfare state” and answers the question: does skill play a bigger part than attitude when integrating children into the family business?   [14:00] What about a situation in which a family’s children may not be capable or even interested in leading the family business? Lee shares a few practical tips for advisors to navigate an example situation from her own practice.   [18:35] Encouraging an overdue retirement by a matriarch or patriarch can be a delicate situation. Dr. Hausner shares a few situations she’s encountered and the pointed interventions that helped resolve the issues.   [25:31] Dr. Hauser shares a very interesting story about what advisors can do to help when there are more than one interested and qualified children to take over.   [26:52] Ruth asks interesting listener questions about Dr. Lee Hausner’s career and advisory style, from the evolution and complexity of family businesses and their needs to the fundamental paradigm shift between being and doing in an advisory role.   [33:50] Ruth thanks Dr. Lee Hausner and invites listeners to subscribe to the podcast and tune in for Part 2 of this enlightening series.   Share your thoughts with us at fea@family-enterprise-xchange.com   Mentioned in this episode Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Xchange.   Books: Children of Paradise: Successful Parenting for Prosperous Families, by Dr. Lee Hausner Hats Off To You 2: Balancing Roles and Creating Success in Family Business, by Dr. Lee Hausner   More about Family Enterprise Xchange Family Enterprise Xchange FEX on Facebook FEX on Twitter FEX on LinkedIn

Introduction Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors (FEAs) in supporting their clients.   All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Exchange or its employees.   Description Guest host Steve Legler speaks with Guillermo Salazar, Founder and Managing Director of Exaudi Family Business Consulting to explore the Family Business Myth, the Hero's Journey and the importance of storytelling when working with family businesses.   They discuss the importance of a family narrative around the history of the family business as a way to begin the process of creating a cohesive, shared vision for the generations who will take the family into the future, with a particular focus on how FEAs can be catalysts for these types of conversations with their clients.   Guest bio As Founder and Managing Director of Exaudi Family Business Consulting, Guillermo has helped many business families in the different processes towards the transition of their legacy; integrating new generations and implementing methodologies that create sustainable businesses and align the vision of the family and its values. For over 18 years he has guided business families in Latin America, Europe and the United States in the process of designing family protocols, professionalization processes, effective decision-making and conflict resolution through proven models and methodologies.   You can find out more about Guillermo Salazar here.   Key Takeaways [0:30] Steve Legler welcomes Guillermo Salazar to discuss the “Family Myth” and the “Hero’s Journey” and how Family Enterprise Advisors can use them to better serve their family business clients.   [3:34] Guillermo talks about the importance of storytelling and how the Family Myth can be used to create and nurture the entrepreneurial spirit in the following generations of a family.   [4:54] Guillermo notes the importance of using the Hero’s Journey in a way that will inspire the next generation.   [8:30] Steve and Guillermo discuss how Family Enterprise Advisors can use the Hero’s Journey with their family business clients to rediscover the family’s narrative.   [12:43] Guillermo talks about three stages (or steps) in the Hero’s Journey that can help families remember pivotal moments in their history that they may have forgotten or not realized.   [14:12] Guillermo breaks down the three steps of the Hero’s Journey and how to circumvent certain people’s resistance to the phases of this journey.   [19:54] Guillermo and Steve discuss how the Family Myth can be retold in a way that the family needs in order to continue through generations, and then Guillermo shares an example from the Spanish army.   [27:58] Steve asks how Family Enterprise Advisors can introduce the Hero’s Journey to their family business clients and get them working on their own Family Myth.   [31:10] Guillermo shares his book recommendations and a piece of advice from an advisor to other advisors.   [35:22] Steve thanks Guillermo for joining the podcast and invites listeners to subscribe to the podcast.   Share your thoughts with us at fea@family-enterprise-xchange.com   Mentioned in this episode Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Xchange.   Antonio Ferreira - The Family Myth The Hero With a Thousand Faces by Joseph Campbell The Hero's Farewell: What Happens When CEOs Retire by Jeffrey Sonnenfeld   More about Family Enterprise Xchange Family Enterprise Xchange FEX on Facebook FEX on Twitter FEX on LinkedIn