Podcasts about family wealth advising

This week, I have the pleasure of speaking with Stacy Allred & Holly Isdale. Stacy is a Managing Director and Head of Family Engagement and Governance at J.P. Morgan Wealth Management. She serves on the faculty of the UHNW Institute and teaches for the Investment & Wealth Institute® (CPWA®) program. Holly is the founder of Wealthaven, a family office consulting firm she founded in 2010 after 20-plus years on Wall Street. She is also a Senior Advisor with Lansberg Gersick, a global consulting firm advising significant families on governance and succession planning. Holly teaches at Wharton and Cornell in their Executive Education programs for family office and family business members, including a new Wharton Family Office program in January 2025 for Family members seeking to explore family office governance and operation. Stacy and Holly are both members of Collaboration for Flourishing Families (CFF) and the Purposeful Planning Institute (PPI). They are both active in Family Firm Institute (FFI) and each hold certificates in Family Business Advising and Family Wealth Advising. In their work with families, Stacy and Holly are commonly brought in during a time of transition – between generations, between life stages, between wealth structures, between business, investments, or philanthropic activities – and they reflect on the most common challenges, considerations, and opportunities they believe families in transition face. Stacy recently co-authored The 10x10 Learning Roadmap: Advancing Flourishing in Families of Wealth with Stephen Goldbart & Joan DiFuria, who were on this podcast a couple of months ago. Stacy gives our audience a quick refresher on the 10x10 framework and points out how it can help families in transition and enable their long-term success. The 10x10 Learning Roadmap is a powerful and practical framework, but real-life situations sometimes don't lend themselves perfectly to even the best of conceptual frameworks. Holly talks about how families and their advisors can “work around the framework” whenever they face complexities and idiosyncrasies resulting from their unique DNA and circumstances. Having talked about how family members and their external advisors can benefit from the 10x10 Learning Roadmap, Stacy focuses on the other entities and constituents that comprise the broader family enterprise, such as the family office, the family council, the various committee members, the trustees, etc. She provides her insights into how these diverse players who have widely ranging roles within or in support of the family can utilize the 10x10 framework to help the family flourish. Enjoy this illuminating and instructive conversation with two of the best recognized and celebrated practitioners and advisors in the family wealth and well-being space.

Kristin Keffler joins me for this episode. Kristin is the author of The Myth of the Silver Spoon: Navigating Family Wealth & Creating an Impactful Life. We talk about Kristin's personal, educational, and professional journeys – and how those threads come together to inform her writing and her work today, especially for Rising Gens in financially significant families.Kristin gives us a brief introduction to the discipline of positive psychology. And she shares a few words about the book she co-authored with James Grubman and Dennis T. Jaffee, Wealth 3.0: The Future of Family Wealth Advising. You can learn more about Kristin and her work on her LinkedIn page: https://www.linkedin.com/in/kristin-keffeler-msm-mapp-245a21/. Her books are available through Amazon and independent bookstores.Do you have comments or suggestions about a topic or guest? An idea or question about conflict management or conflict resolution? Let me know at jb@dovetailresolutions.com! And you can learn more about me and my work as a mediator and a Certified CINERGY® Conflict Coach at www.dovetailresolutions.com and https://www.linkedin.com/in/janebeddall/.Enjoy the show for free on your favorite podcast app or on the podcast website: https://craftingsolutionstoconflict.com/And you can follow us on Twitter @conflictsolving. 

It's hard to believe, but today's episode marks our fifth annual year-in-review episode — where we look back at some of our favourite conversations and takeaways from the past year! If there's one overarching theme that stood out amongst our guests in 2023 it would be the power of purposeful decision-making to impact our future selves. Tuning in, you'll hear our guests' remarkable views on the topic, from the power of regret when it comes to long-term decisions to the ‘hidden partner' that accompanies us in all our decision-making. Another key theme that emerged is how the role of financial advisors is evolving. Key insights include why your financial advisor should collaborate with other advisors, why trust is essential, and how to prepare your children for wealth. We wrap things up with reflective tips on how to identify what your true goals are with a profound lesson on why setting your own scoreboard is essential. Tune in as we share some of our favourite moments from the past year and look back at the incredible guests we've had on the show in 2023!   Key Points From This Episode:   Our year with the Rational Reminder community: 23 in 23 reading challenge, memorable meetups, live recordings, a shoutout to our community moderators, and more. (0:00:19) Looking back at our conversation with Charles Ellis and Burton Malkiel on why money management is a loser's game and navigating market efficiency. (0:08:42) Pim Van Vliet's insights on the evidence supporting higher expected returns related to certain stock characteristics. (0:16:19) Discussing the relevance (and irrelevance) of dividends and why people tend to view dividends as particularly special, with Professor Samuel Hartzmark. (0:19:42) Our conversation with Will Goetzmann on the value of very long-term data and why historical data is still relevant today. (0:24:58) Nobel laureate, Robert Merton's insights on putting together a long-term asset mix and taking into account your time horizon. (0:32:35) Highlights from our conversation with Professor Francisco Gomes on how asset allocation should (and should not) change over the lifecycle. (0:39:14) Our second interview with David Blanchett on how regret informs our long-term decisions and Daniel Pink's insights on optimizing for future regret. (0:43:58) Hear from Charles Ellis on the most under-appreciated action that every investor should take to be more successful. (0:50:50) Making decisions on personal finance and John Cambell's insights on how household beliefs tend to differ. (0:51:53) Professor Ralph Keeney on why decision-making is the only purposeful way you can influence anything in your life. (0:54:54) Input from Cass Sunstein on the extensive research he's done on decision-making and how acquiring more information can help your decisions. (0:59:25) We hear from Professor Eric Johnson about the ‘hidden partner' that accompanies us when we make decisions and Cass Sunstein explains when we should update our beliefs. (01:03:09) Professor James Choi shares his profound insights on why financial decisions are not always explained by economic theory. (01:10:26) Unpacking the effect of overconfidence on our decision-making with Itzhak Ben-David, along with his key ideas on miscalibration. (01:12:53) Answering the question “How good are we at understanding our future selves?” with Hal Hershfield. (01:17:20) Our conversation with Meir Statman on the third generation of behavioural finance and what that means for decision-making and advice. (01:21:13) Dr. Preet Banerjee's research and insight on the value of having a financial plan. (01:23:48) Talking with YouTuber, Darin Soat, about the struggle to find high-quality financial information online and understanding YouTube as an entertainment-first platform. (01:25:02) Harold Geller on how to determine whether your advisor is properly understanding you and Robert Merton's thoughts on how he views the role of financial advisors. (01:28:27) We hear from Dr. Preet Banerjee on the business of financial advice and how it has changed over time. (01:35:02) Victor Haghani and James White on the topic of intergenerational billionaires and why there are fewer than you might expect. (01:39:21) An update from Rob Carrick on the state of financial planning for the average Canadian in 2023. (01:44:09) Juhani Linnainmaa unpacks the impact of financial advisors on decision-making and the challenges of choosing a financial advisor. (01:48:48) Dr. James Grubman on identifying a financial advisor who understands the importance of Wealth 3.0, why collaboration is key, and how to prepare children for wealth. (01:51:21) A final takeaway from Shane Parrish on taking stock of your year and how to determine what your true goals are. (02:02:28)   Links From Today's Episode:   Episode 234: Prof. Robert C. Merton — https://rationalreminder.ca/podcast/234 Episode 236: Harold Geller — https://rationalreminder.ca/podcast/236 Episode 238: Prof. Ralph Keeney — https://rationalreminder.ca/podcast/238 Episode 240: Prof. Eric J. Johnson — https://rationalreminder.ca/podcast/240 Episode 244: Charles D. Ellis — https://rationalreminder.ca/podcast/244 Episode 246: Daniel H. Pink — https://rationalreminder.ca/podcast/246 Episode 248: Prof. William Goetzmann — https://rationalreminder.ca/podcast/248 Episode 250: Prof. John Y. Campbell — https://rationalreminder.ca/podcast/250 Episode 252: Prof. Burton Malkiel — https://rationalreminder.ca/podcast/252 Episode 254: David Blanchett — https://rationalreminder.ca/podcast/254 Episode 256: Prof. Hal Hershfield — https://rationalreminder.ca/podcast/256 Episode 258: Prof. Meir Statman — https://rationalreminder.ca/podcast/258 Episode 260: Prof. James Choi — https://rationalreminder.ca/podcast/260 Episode 262: Prof. Francisco Gomes — https://rationalreminder.ca/podcast/262 Episode 264: Pim van Vliet — https://rationalreminder.ca/podcast/264 Episode 266: Prof. Cass Sunstein — https://rationalreminder.ca/podcast/266 Episode 268: Itzhak Ben-David — https://rationalreminder.ca/podcast/268 Episode 269: Preet Banerjee — https://rationalreminder.ca/podcast/269 Episode 270: Victor Haghani and James White — https://rationalreminder.ca/podcast/270 Episode 272: Rob Carrick — https://rationalreminder.ca/podcast/272 Episode 273: Professor Samuel Hartzmark — https://rationalreminder.ca/podcast/273 Episode 275: Live from Future Proof 2023 with Hal Hershfield — https://rationalreminder.ca/podcast/275 Episode 276: Darin Soat — https://rationalreminder.ca/podcast/276 Episode 278: Juhani Linnainmaa — https://rationalreminder.ca/podcast/278 Episode 280: Shane Parrish — https://rationalreminder.ca/podcast/280 Episode 282: James Grubman —  Episode 224: Scott Cederberg — https://rationalreminder.ca/podcast/224 Winning the Loser's Game: Timeless Strategies for Successful Investing — https://www.amazon.com/Winning-Losers-Game-Strategies-Successful/dp/1264258461 A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing — https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393358380 Your Future Self: How to Make Tomorrow Better Today — https://www.halhershfield.com/yourfutureself A Wealth of Well-Being: A Holistic Approach to Behavioral Finance — https://www.amazon.com/Wealth-Well-Being-Holistic-Approach-Behavioral/dp/1394249675 Strangers in Paradise: How Families Adapt to Wealth Across Generations — https://www.amazon.com/Strangers-Paradise-Families-Wealth-Generations/dp/0615894356 Wealth 3.0: The Future of Family Wealth Advising — https://www.amazon.com/Wealth-3-0-Future-Family-Advising/dp/B0C9SHFSGM Clear Thinking: Turning Ordinary Moments into Extraordinary Results — https://www.amazon.com/Clear-Thinking-Turning-Ordinary-Extraordinary/dp/0593086112 30 Lessons for Living — https://www.karlpillemer.com/books/30-lessons-for-living/ Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://twitter.com/RationalRemind Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/  Benjamin on X — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on X — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://twitter.com/MarkMcGrathCFP

Today, we take a closer look at asset allocation through an empirical lens, by drawing on the work and data of Scott Cederburg and his new article ‘Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice'. We unpack what the research tells us about how to establish the optimal mix of assets in a portfolio, the challenges of making the right decisions when you have volatile assets, and why it's critical that you understand your level of risk tolerance. Next, in our Mark to Market segment, we unpack different types of insurance — like life, disability, and critical illness — and when you should own them personally versus making them the property of your corporation. We then review Justin King's new book The Retirement Café Handbook: Nine Accelerators for a Successful Retirement before sitting down with the author himself to discuss the content of his latest work and his long-held interest in helping others optimize for retirement. Tuning in you'll hear Justin share his thoughts on the role of choice, vitality, and joy when it comes to having a successful retirement, the nine accelerators he lays out in his book, and how to become the hero of your retirement story. In our final section, we wrap things up with some wonderful reviews from listeners and our book recommendations. To hear all of the captivating takeaways from today's episode, be sure to tune in! Key Points From This Episode:   Breaking down asset allocation through an empirical lens; finding the right mix of assets in a portfolio, common challenges, and measuring risk. (0:02:12) The role of government pensions when considering asset allocation over one's life. (0:09:10) Investigating whether volatility is risk; modeling the lifecycle of an investor and determining if (and when) it makes sense to shift into bonds over time. (0:11:27) Analyzing the data, modelling, and findings from the paper, ‘Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice'. (0:14:02) The challenges of behaving well with volatile assets; advice on how to assess your risk tolerance, your ability to endure short-term declines, and more. (0:23:10) Our Mark to Market segment: unpacking different types of insurance and when you should own them personally or inside your corporation. (0:29:50) A quick look back at our conversation with Dr. Anna Lembke on the subject of dopamine. (0:37:58) This week's book review: Justin King's The Retirement Café Handbook: Nine Accelerators for a Successful Retirement. (0:39:33) Our conversation with Justin King on how to retire successfully. (0:41:19) Unpacking the nine accelerators in Justin's book and where they come from. (0:45:44) How to get the most out of The Retirement Café Handbook. (0:55:47) Sharing some of the wonderful reviews we've gotten recently, plus our book recommendations. (0:59:28) Links From Today's Episode: ‘Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4590406 Episode 224: Prof. Scott Cederburg — https://rationalreminder.ca/podcast/224 Episode 169: Prof. John Cochrane — https://rationalreminder.ca/podcast/169 Episode 250: Prof. John Y. Campbell — https://rationalreminder.ca/podcast/250 Episode 278: Juhani Linnainmaa: Financial Advisors, and the Cross Section of Returns —  https://rationalreminder.ca/podcast/278 Episode 177: Dr. Anna Lembke — https://rationalreminder.ca/podcast/177 Anna Lembke — https://www.annalembke.com/ Dopamine Nation: Finding Balance in the Age of Indulgence — https://www.annalembke.com/dopamine-nation Justin King on LinkedIn — https://www.linkedin.com/in/justinking-retirement-planner-ifa/ Justin King on X — https://twitter.com/JustinKingCFP The Retirement Café — https://www.theretirementcafe.co.uk/ The Retirement Café Podcast — https://www.theretirementcafe.co.uk/podcast The Retirement Café Handbook: Nine Accelerators for a Successful Retirement — https://www.amazon.co.uk/Retirement-Cafe-Handbook-Accelerators-Successful/dp/1739410300 Notes from Listener PDF — Episode 30: Larry Swedroe — https://rationalreminder.ca/podcast/tag/Larry+Swedroe Strangers in Paradise: How Families Adapt to Wealth Across Generations — https://www.amazon.com/Strangers-Paradise-Families-Wealth-Generations/dp/0615894356 Wealth 3.0: The Future of Family Wealth Advising — https://www.amazon.com/Wealth-3-0-Future-Family-Advising/dp/B0C9SHFSGM Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://twitter.com/RationalRemind Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.ca Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/  Benjamin on X — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on X — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/

A bit like the evolution of the interweb, wealth advice has gone through some fairly hefty iterations. From a time when it was largely about money and compliance, to approaches that demand a far deeper understanding of family dynamics, as well as a holistic approach to wealth.  Where we're at now has been termed Wealth 3.0. It involves a pretty big mindset shift - not only for founders and family elders who have been guarding and growing their assets since formation, but also for the advisers who guide them.  In this third episode of Purpose of Wealth, host Narelle Hooper unpacks developments in the role of family wealth advice, the new skills this is demanding of wealth advisers, and a look ahead to what's coming - as she sits down with Dr Dennis T Jaffe, co-author of Wealth 3.0: The Future of Family Wealth Advising, and Brad Simmons, partner in the Family Office with Mutual Trust.  Want to know more about the groundbreaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au - or email us at purposeofwealth@mutualtrust.com.au    Purpose of Wealth is hosted by Narelle HooperProducer and editor is Samuel Phelps Executive Producer is Lauren McWhirter See omnystudio.com/listener for privacy information.

This week, I have the pleasure of speaking with Kristin Keffeler, Chief Learning Officer at the Johnson Financial Group. Kristin is a celebrated author of such influential books in our industry as the recently published Wealth 3.0: The Future of Family Wealth Advising, and The Myth of the Silver Spoon: Navigating Family Wealth & Creating an Impactful Life. She is also the Dean of Family Positive Psychology at the Purposeful Planning Institute. Kristin is passionate about the challenges and opportunities facing the rising-gen members of enterprising families, a subject she covers in depth in her influential book, The Myth of the Silver Spoon. She delves into the topic here, especially focusing on how the strengths-based approach can unlock the rising gen's potential for success, happiness, and impact. She also describes the challenges that are potentially holding back rising-gen members and their parents – the things she calls “clutter” in her book – and offers suggestions on how to overcome them. Kristin also talks about the core theses of her other recently released book, Wealth 3.0, which she co-authored with Jim Grubman and Dennis Jaffee. This visionary book has been widely seen as primarily focused on or aimed at the family wealth advisor profession and its impending evolution, however, Kristin talks here about the clients, the families who are served by the advisor community, and the role they too play in the Wealth 3.0 evolution. She describes how family member education, awareness, and expectations of what Wealth 3.0 is and how it should serve them are critical drivers of the coming change. Kristin also offers some practical tips and tools for family members, including parents and the younger generations. She indicates what parents can do to enable a positive strengths-based engagement and to catalyze the evolution of their family and advisor interactions and processes toward the Wealth 3.0 model. She also outlines the opportunities for the younger generation and the role they can play to bring about and drive the positive, strengths-driven Wealth 3.0 approach of engaging with their family, the family enterprise, and the advisor ecosystem that surrounds them. Don't miss this engaging conversation with one of our industry's foremost thinkers and practitioners specializing in the rising gen and their success and well-being.

This week, I am delighted to welcome Dr. Dennis Jaffe, Senior Research Fellow at BanyanGlobal Family Business Advisors, trusted advisor to numerous enterprise families, and celebrated author of such iconic books in our industry as the recently published Wealth 3.0: The Future of Family Wealth Advising and Borrowed from Your Grandchildren: The Evolution of 100-Year Family Enterprises. Dennis shares some of the key findings of his immense catalog of research and thought leadership in the field of family well-being and wealth management, particularly drawing on his ongoing study of the Resilience of 100-Year Family Enterprises. He emphasizes the criticality of positive thinking, motivation, and engagement and the importance of not succumbing to popular negative myths about enterprising families of wealth. Drawing on his decades of advising successful multigenerational families, Dennis highlights some of the practical tools families can put to work to emulate the success of the enduring, “generative” families he has studied. He has created some of the most widely used tools in the industry, such as The Values Edge and Family Enterprise Assessment Tool (FEAT) and provides tips on when and how families can peruse them. Dennis also offers some reflections and recommendations for family wealth advisors for how best to serve enterprise families and help them engage their family members across generations in a positive, generative, and inspiring way. Don't miss this enlightening conversation with one of the pioneers and best recognized thought leaders of the family wealth advisory profession.

Today we are speaking with once again Dr. James Grubman, an internationally recognized consultant to families of wealth, family businesses, and the advisors who serve them.  He is the co-author of one of the buzziest books of the year called Wealth 3.0:  The Future of Family Wealth Advising along with Dennis Jaffe and Kristin Keffeler, who I have also interviewed previously on this podcast.  I wanted to talk to Jim and get some more color on his attitudes towards wealth advising, the issues with the literature and research in the space, how to escape from a fear-based mindset to one of growth around wealth, and why everyone does not necessarily want to create a dynasty. Please enjoy my excellent conversation with Jim Grubman. NOTE:  This podcast is for educational and entertainment purposes only.  Anything said by the guests or host should not be construed as legal or investment advice.  Thanks for listening. WEBSITE for Jim:  https://jamesgrubman.com BOOK:  Wealth 3.0: The Future of Family Wealth Advising Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast.  FOLLOW JOE: https://twitter.com/joereillyjr WEBSITE: https://www.circulus.co/ PRIVATE CAPITAL PODCAST:   https://podcasts.apple.com/us/podcast/private-capital/id1644526501 Thanks for listening.  If you like the podcast, please share it with your friends and take a minute to leave us a review on Apple Podcasts.  We appreciate it. Other Books by these authors: BOOK - Strangers in Paradise - How Families Adapt to Wealth Across Generations by James Grubman BOOK - Borrowed from your Grandchildren - The Evolution of 100-Year Family Enterprises by Dennis Jaffe BOOK - Myth of the Silver Spoon by Kristin Keffeler ©2023 Joe Reilly

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

Regular listeners of the show will be familiar with all of my guests on this weeks show. I am joined by Jim Grubman, Denis Jaffe and Kristin Keffeler as they discuss their new book - Wealth 3.0 - The Future of Family Wealth Advising. In this episode we cover some of the key areas of focus within the book and what it means for families of wealth and in particular those that advise them. This episode is a special collaborative episode with The Ultra High Net Worth Institute in preparation for the launch of their very own podcast later this year. I will keep you all updated on that as and when we approach release date. If you are unfamiliar with the the work that the Institute does I highly recommend that you check out their website: https://www.uhnwinstitute.org/All four of the speakers on the show are involved in the Institute and we are all very strong advocates for the thought leadership that comes from the Institute, the events that they run and the opportunity for individuals or firms across the globe to contribute to the future of wealth advising for UHNW families. Support the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now

If you have done research and want to know how to turn that research into a book, this podcast episode is for you. Author of The Myth of the Silver Spoon, Kristen Keffeler, discusses her journey turning her research into a nonfiction book that was picked up by a traditional publisher. Kristin explains the importance of narrowing your audience, sharpening your thesis, and creating a structure that pulls the reader through from beginning to end. Kristin also shares the highs and lows of marketing her nonfiction book.   Great Moments in the Episode 8:12 – 9:33      Packaging graduate studies research into a book.  9:34 – 12:40    The evolution of a thesis as you sharpen your ideal audience. 12:42 – 14:36 How to speak to secondary and tertiary audiences beyond your ideal audience. 14:38 – 17:43  How to strengthen your nonfiction storytelling. 17:45 – 22:27  An example of a four-part structure that goes from general to specific. 22:28 – 25:29 Persevering even when your book isn't picked up by a publisher. 25:31 – 28:59  How to get a publisher's attention after your first proposal is rejected. 31:08 – 34:21  The difficulty of marketing a book and tips for using a book trailer to drive traffic. 34:22 – 36:20  How to host a successful virtual book launch on LinkedIn. 38:10 – 41:06 How to collaborate successfully on a book.   Words of the Episode Toothsome (adj): temptingly tasty. Dewclaw (n): a digit – vestigial in some animals – on the foot of many mammals, birds, and reptiles (including some extinct orders, like certain theropods).   Follow Journey Sixty6 https://www.journeysixty6.com/  https://www.youtube.com/@journeysixty6writingforpub  https://www.facebook.com/journeysixty6  https://www.linkedin.com/company/journeysixty6/   Find Kristin's books here: The Myth of the Silver Spoon Wealth 3.0: The Future of Family Wealth Advising

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

Today, we are joined by Patricia Angus, Founder and CEO of Angus Advisory Group LLC. For more than 25 years, Patricia has provided legal and strategic advice to global families and firms with multi-generational businesses, trusts, and philanthropies. She and Arden discuss estate planning with mental health and addiction issues in mind. Patricia outlines the first steps that families need to take before starting their estate plans. She explains the important mix of legal and psychological training that advisors need to best serve their clients. Listen for insightful information and tools that families can use when they begin their estate plan preparation.    IN THIS EPISODE:    [02:22] Learn about the Angus Advisory Group and how to create an estate plan with mental health and addiction issues in mind.  [05:50] Issues that advisors face when they work with clients who have substance use or mental health issues, plus information families need to share when planning their estate.  [10:20] What tools can families use to prepare for estate planning?  [12:29] What happens when families withhold important information?   [17:45] Siblings serving as trustees for their siblings' trust.  [22:15] The exciting legal future of supporting high net worth families.    KEY TAKEAWAYS:     If you are a trained lawyer, your education did not include psychological training. However, it behooves lawyers to get psychological training so they may better serve their clients.  The most important thing to do before scheduling any meetings to plan your estate is to engage in some soul-searching. Think about your values, goals, and the messages  you want to leave behind.  When assigning a trustee, make sure they have the right qualifications to do what trustees must do, which include three basic things. They have to administer, invest, and distribute the assets of the trust  they received from the grantor or set loan.     BIO:  Patricia M. Angus, JD, MIA, TEP: Founder and CEO, Angus Advisory Group LLC; Adjunct Professor, founding Managing Director of the Global Family Enterprise Program, and Faculty Director of Enterprising Families Executive Education, Columbia University's Graduate School of Business. For over 25 years, she has provided legal and strategic advice to global families and firms with multi-generational businesses, trusts, and philanthropy. Publications include: The Beneficiary Primer: A Guide for Beneficiaries of Family Trusts and The Trustee Primer: A Guide for Personal Trustees. Advisory Boards of Trusts & Estates and the Carter Center. Fellow of and faculty member for FFI. Advanced Certificate in Family Wealth Advising and a Certificate in Family Business Advising from FFI. 2019 FFI Achievement Award in the Field of Family   Enterprise, the Interdisciplinary Award.    B.A. cum laude, Amherst College; Masters in International Affairs, Columbia University   School of International and Public Affairs; J.D. George Washington University Law School    https://angusadvisorygroup.com/        https://www.linkedin.com/in/pangus/    The Trustee Primer    The Beneficiary Primer 

"We cannot always build the future for our families, but we can build our families for the future" After a stellar 20-year career of groundbreaking accomplishments as a lawyer and 6 years of making philanthropic investments at the second largest foundation in the U.S., the Ford Foundation, my guest, Thomasina Williams realized her personal passion and professional mission to help others avoid the loss of wealth and fracturing of relationships that befell her family. Thomasina facilitates and coaches business-owning individuals and families to build stronger relationships and make better decisions, so their families flourish and businesses thrive across generations. She was the very first consultant in the nation hired by Wells Fargo Private Bank to go in-house and play a leadership role in building a new internal group to support its ultra-high net worth clients in navigating the family side of wealth. Thomasina earned a Bachelor of Arts degree from Mount Holyoke College, and a Juris Doctor degree from the University of Michigan Law School. She is a longtime student of Bowen Family Systems Theory, a Certified Resilient Leadership Coach, and a Conversational Intelligence Coach. Thomasina holds certificates in Advanced Family Business Advising and Family Wealth Advising from the Family Firm Institute. She is also a member of the Purposeful Planning Institute, where she serves on its Advisory Board; the Galliard Family Business Advisor Institute, where she serves on its Board; the Independent Trustee Alliance; and The Florida Bar. Additionally, Thomasina serves on the Advisory Board of Enterprising Women magazine and the Advisory Council of the Women Business Collaborative, and is a member of the Inner Circle of How Women Lead. Host: Brittany Sharpton

James Weiner shares on Conversations for Rising Gens, Focusing on your Path About James Weiner: A diverse background leads to intuitive solutions. With a multi-faceted background in speaking, coaching and counseling in environments ranging from Cook County Jail to exclusive global VIP forums, Dr. Jamie Weiner's expertise and strategic approach to guiding people helped to develop Inheriting Wisdom's ability to transcend any complication within a family's dynamic. As a co-creator of Inheriting Wisdom, Dr. Weiner is focused on helping families garner meaningful communication between generations and provide solutions to sustaining wealth and strengthening family legacies. His ability to address dynamics across all walks of life brings the most tentative or disruptive personality types confidence, particularly when it comes to transitioning sensitive topics into high performance behavior. Dr. Weiner is a clinical psychologist with over 40 years 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 to 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. Board Leadership and Certifications: Global Board of Directors, Family Firm Institute (FFI) Chair, Family Firm Institute Practitioner Member of Chicagoland Study Group, Family Firm Institute (FFI) Think Tank Member, Purposeful Planning Institute (PPI) Certificate in Family Wealth Advising, Family Firm Institute (FFI) Certificate in Family Business Advising, Family Firm Institute (FFI)

Ep 42: How Conflict Can Become a Catalyst For Good Within The Family Enterprise  Listen in on another Family Biz Show as we talk all things conflict! Kathy Holub* & Greg McCann* join us as we discuss how it can actually become a catalyst for good within the family enterprise.  During this live episode, you'll learn:  The three components of a thriving family enterprise.  The cost of not dealing with conflict  How changing our mindset can better frame your family's involvement with the business.  This Weeks Guests  Kathy Holub*  Kathy Holub is a consultant and coach who helps families resolve conflicts over inheritance, estates, family enterprises, and other common sources of tension.  She specializes in helping families use their differences as a catalyst for solving problems and strengthening relationships.  She also coaches individuals on how to navigate conflict when family members aren't interested in facilitation or mediation – or when wild horses couldn't drag them in.     Kathy's twenty years of experience in conflict resolution are grounded in her love of teaching.  She is a Lecturer at Harvard and Columbia Law Schools, where she has taught negotiation for many years.  She is a seasoned negotiation trainer who has helped thousands of CEOs, senior executives and professionals become better negotiators.  She has conducted programs for Regeneron Pharmaceuticals, the Brunswick Group, Naspers, Cleary Gottlieb, FINRA, the Clinton Foundation, Columbia University, the U.S. Bankruptcy Court, Montefiore Medical Center, and the New York City Council, among others.  She has also advised business owners on specific negotiation challenges.  She is a frequent speaker on negotiation-related topics and has delivered many Continuing Legal Education (CLE) programs on negotiation.    A former journalist and Pulitzer Prize-winner, she has edited four books, including “Bargaining With the Devil: When to Negotiate, When to Fight,” by Harvard Law Professor Robert H. Mnookin (Simon & Schuster 2010).  She holds a JD from Yale Law School and a bachelor's degree from Harvard University.  She clerked for then-Judge Sonia Sotomayor in the Southern District of New York and practiced law for two years before moving into teaching and consulting.  She is based in New York City.  Kathy can be reached at kathy@kathyholub.com and through her website, www.kathyholub.com.  Professional certifications:  Family Firm Institute: dual certificate in Family Business Advising & Family Wealth Advising   Stalder Mediation: advanced mediation  The Center for Understanding in Conflict: mediation  Ackerman Institute for the Family: Foundations in Family Therapy  New York Peace Institute: mediation   Memberships:  Family Firm Institute  New York City Bar Association  Greg McCann*  As an author, educator, coach, consultant, and speaker, Greg McCann works with family enterprises in the areas of leadership, team building, succession, communication, conflict resolution, and with a special emphasis on helping the next generation succeed in their careers and lives. Greg has coached leaders, executives, and the rising gen for over 20 years and is certified in Leadership Agility, Challenge of Change in Resilience and Myers-Briggs Type Indicator.   As a consultant McCann has helped numerous family enterprises transition to future generations. By including all involved members of the family and the business in the consulting process, he ensures that all perspectives are considered. Thus, his clients are able to identify key issues, which can then be addressed directly and honestly in the context of long-term family relationships.   As a speaker McCann addresses national trade associations, universities and family business forums on Leadership, Character, Generational Opportunities and Family Enterprise. He also speaks about Vertical Leadership Development and Coaching and Mentoring. He speaks with the voice of experience—in an approachable and humorous, yet highly focused style.   As a thought leader and author, McCann has published many valuable works on family enterprise. His most recent book, Who Do You Think You Are? is about aligning your character with your reputation. His previous book, When Your Parents Sign the Paychecks, deals with the challenges faced by the next generation in family business. The work received a bronze medal in the career category at the 2008 Axiom Business Book Awards. Along with James Hughes, in 2017 he co-created a Chief Learning Officer learning community.  McCann is certified in, has presented extensively, and has written about the Myers-Briggs Type Indicator as well as Leadership Agility, including their special applications to coaching individuals and family enterprise. As a coach, McCann has worked with family enterprise leaders, executives, and members of the rising gen since 1998. His approach combines greater self-awareness with creating more effective action and richer relationships. This includes working to align your character with your reputation.   McCann, now retired after 27 years in academia, was founder and director of the Family Enterprise Center at Stetson University, where he led the effort to develop the nation's second minor and first undergraduate major in Family Enterprise. He coached his students for over 17 years. He also was the EMBA Cohort Coach.  McCann is a graduate of Stetson University and the University of Florida, College of Law (J.D.) and has served on the Board of Directors of the Family Firm Institute (FFI) (2005-2008). He was awarded the institution's 2016 Interdisciplinary Award for outstanding achievement in the advancement of interdisciplinary services to business families and the 2006 Barbara Hollander Award acknowledging him for a lifetime of achievement in family enterprise education. He is a FFI Fellow and is certified in Family Business and Family Wealth Advising from FFI. He proudly serves on the InnerWill Board of Directors as well as the Cornell University's Family Business Center Board of Advisors.  McCann and Associates is a boutique firm that has worked over the last two decades with family enterprises throughout the U.S. We help cultivate the commitment to family, greater trust, values-based decision making, and longer-term thinking that are vital strengths in well run family enterprises. For more information: www.greg-mccann.com  ----------------  *Not affiliated with Lincoln Financial Advisors Corp.  Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp.   Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies.   Family Wealth and Legacy LLC is not an affiliate of Lincoln Financial Advisors Corp.  CRN-3754845-091021

Doug Baumoel shares on The Family Factor: Why it's so important, How to measure it, How to Build it. About: Doug Baumoel is the Founder of Continuity, LLC and offers an extensive background in family business operations and executive management in his work with clients. He served as a second-generation executive in his own family's business and has held key executive positions in other family and non-family businesses. Doug started and ran businesses in both the U.S. and Europe, and lived overseas for six years while establishing and managing the European offices of his family's business. He has applied more than 20 years of business experience to the development of a process for analyzing key variables affecting family business conflict. Early on in his career, prior to joining his family's business, Doug served as an internal consultant in strategic planning for Sperry Corporation (Unisys) and as an engineer at Polaroid. Doug is the co-author, with Continuity Managing Partner, Blair Trippe, of Deconstructing Conflict: Understanding Family Business, Shared Wealth and Power. This recently published work is the ultimate guide to Continuity's unique developmental approach to conflict management in family enterprises. A highly-regarded thought leader on conflict management, leadership and governance in family enterprise, Doug has authored or co-authored articles and chapters for numerous professional publications and journals – including Family Business and Massachusetts Family Business magazine; the Thomson West Alternative Dispute Resolution Practice Guide; Private Company Director magazine; and Negotiation Journal of the Harvard/MIT/Tufts Program on Negotiation. His extensive speaking and facilitation engagements include the Campden “America's Families in Business” conference; FFI's annual international conference; Transitions East; and the Smith Family Business Initiative at Cornell University along with Suffolk University Law School; Northeastern University Business School; Babson University; the Massachusetts Bar Association; American Bar Association; Massachusetts Probate Council; Boston Private Bank; several regional estate planning councils and various national industrial conferences in multiple industries. Doug earned an MBA from the Wharton School at the University of Pennsylvania and a BS in Electrical Engineering from Cornell University. A dual certificate holder in both Family Business Advising and Family Wealth Advising from the Family Firm Institute, he has been awarded the additional distinction of FFI Fellow. Among Doug's numerous professional achievements, he holds a certificate in Civil Mediation from MCLE and is a graduate of the Director Professionalism program of the National Association of Corporate Directors (NACD), which recognized him with Fellow status. Doug also served as President of the New England chapter of the Family Firm Institute.

You'll Learn: What does it mean to say that “families are emotional systems”?   What is the practical impact for family business owners and their families of understanding their families as emotional systems? How is it relevant to navigating issues such as ownership of the business, entry into and exit from the business, family employment policies, leadership transitions, and conflicts?  How can family business owners use the awareness of families as emotional systems to strengthen their leadership both within their businesses and within their families?  KATHLEEN (KATHY) K. WISEMAN Founder & Principal, Working Systems, Inc.*  Co-Founder & Principal, Navigating Systems*  Kathy's interest and expertise are in assisting family members, family executives, and legal and financial professionals in applying family systems theory to the challenges in their professional and personal lives. Her focus is on making available the groundbreaking research of Dr. Murray Bowen to the professionals who serve business families and organizations. She works with motivated leaders to think systems and increase their capacity to manage themselves in times of change.  Kathy holds a B.A. from the University of Pennsylvania and an MBA from George Washington University. She is a board member of the Woman's Growth Capital Fund, Canada Alamosa Institute, and the Jewish Council for the Aging. She speaks and writes for a national audience. Kathy has also co-authored three books, Understanding Organizations,  The Emotional Side of Organizations, and Trustworthy:  New Angles on Trusts from Beneficiaries and Trustees.  Kathy is a faculty member at The Bowen Center for the Study of the Family. She is a Co-Founder of Navigating Systems, a learning forum dedicated to improving one's functioning through application of the principles that define Bowen Family Systems Theory.  Kathy is also an adjunct faculty at the George Washington University School of Business, where she heads the Institute for Succession. She has served as a Dean of the Family Office Exchange Learning Academy, and as the President of the Family Firm Institute Education and Research Foundation.   Kathy can be reached at:  202.812.1449; Kathy@WorkingSystemsInc.net.      THOMASINA H. WILLIAMS  Founder & Principal, Sankofa Legacy Advisors, Inc.*  Thomasina serves as a Strategic Thought Partner, Consultant and Executive Coach to enterprising families throughout the nation, helping them have conversations about sensitive subjects, resolve challenging conflicts and make difficult decisions, so that family members blossom, families flourish, and their businesses thrive.  Thomasina was the first in-house consultant hired by Wells Fargo Private Bank to play a leadership role in developing its offering to help ultra-high net worth families navigate generational wealth transitions. She also has served as a consultant with a leading family enterprise consulting firm, published articles, presented to international audiences, and conducted trainings for professional advisors to families.   Prior to her work with business-owning families, Thomasina practiced law for more than 20 years, rising in three years to become a partner in a major full-service law firm headquartered in Miami, FL. She went on to co-found the first Black-owned law firm in Miami with a primarily corporate clientele. The South Florida Legal Guide recognized Thomasina as one of the “Top 250 Lawyers in South Florida,” and the Miami-Dade County Commission acknowledged her extensive pro bono legal work on high-profile public interest cases by naming a day in her honor.    She also worked in institutional philanthropy in New York City where she was a program officer with the second largest private foundation in the country and invested more than $42 million strengthening non-profit organizations.   Thomasina earned a BA from Mount Holyoke College, and a JD from the University of Michigan Law School.  She holds certificates in Advanced Family Business Advising and Family Wealth Advising from the Family Firm Institute.  She is also a member of the Purposeful Planning Institute, where she serves on its Advisory Board; the Galliard Family Business Advisor Institute, a non-profit on whose Board she also serves; the Independent Trustee Alliance; and The Florida Bar.  Additionally, Thomasina serves on the Advisory Board of Enterprising Women magazine.    Thomasina can be reached at:  786.473.6145; THWilliams@SankofaLegacyAdvisors.com.  ----- Family Wealth and Legacy is a marketing name for registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies.  CRN- 3436846-020321  *Not affiliated with Lincoln Financial Advisors Corp.  

Maya Prabhu shares on Children, Wealth and Success. (ages 3-22. Promoting collaboration between siblings. Children understanding success and hardship and appreciating wealth.) *Disclaimer : Maya is not speaking as a representative of her employer but in her own capacity on this podcast. About: Maya leads the Wealth Advisory practice across the EMEA region at JP Morgan. She advises families on strategies to plan for and support the harmonious transition of their family wealth and family businesses to the next generation. Her areas of focus include developing family governance and communication strategies, next generation engagement and development, establishing family offices and in crafting effective and rewarding philanthropy strategies. Maya has worked with families around the world especially the UK, Middle East and Asia. Prior to joining JP Morgan in 2018, Maya worked at Coutts & Co London for over 10 years as a specialist advisor and where she most recently led Wealth Advisory Services. Maya holds practicing certificates in Family Business Advising and Family Wealth Advising from the Family Firm Institute (Boston, USA), a Certificate in Executive Coaching from the Henley Business School (University of Reading) and is an accredited mediator from Regents University. She is a member of the teaching faculty for the Family Firm Institute's GEN courses and for the Society of Trust and Estate Practitioner's Professional Postgraduate Diploma in Private Wealth Advising. She has also guest lectured for the Wealth Management Institute, Singapore. Maya serves on the Board of the London Musical Theatre Orchestra and volunteers as a community mediator.

Imagine you're 21 years old, your dad is diagnosed with cancer, he dies six weeks later and you find yourself inheriting a life changing amount of money. You are also in charge of managing investments and a foundation, and you've never had any training or experience in these areas. In this episode of Money Tales, Sandi and Cammie talk with Kristen Heaney whose life took this very sharp turn when she was in college. Kristen Heaney is a Wealth Legacy Coach and Consultant with Legacy Capitals, serving successful families and their advisors. Her passion for this work is colored by her own experience of being a young and unprepared inheritor after her father's early death. Kristen's training includes a Masters in Social Work from the University of Michigan, a Board Certified Coaching credential, and a certificate in Family Wealth Advising from the Family Firm Institute. Kristen's book, In Three Generations: A Story About Family, Wealth, and Beating the Odds is a fictional family leadership story, offering a great starting point for those considering a more purposeful approach to handling family wealth. She has been a featured thought leader for the Purposeful Planning Institute, Family Firm Institute, as well as legal, financial, and philanthropic firms across the United States and Canada, focused on topics including rising generation preparation, effective family meetings, wealthism, combating entitlement, and more. Kristen was born and raised in the Metro Detroit area, and currently lives with her husband and two sons in South Florida. During the course of the Money Tales interviews, our guests talk about areas of personal finance that we believe listeners might want to learn more about. In this episode of Money Tales our financial insight is about private foundations where we'll provide an overview of what they are and how they're organized.

Imagine you're 21 years old, your dad is diagnosed with cancer, he dies six weeks later and you find yourself inheriting a life changing amount of money. You are also in charge of managing investments and a foundation, and you've never had any training or experience in these areas. In this episode of Money Tales, Sandi and Cammie talk with Kristen Heaney whose life took this very sharp turn when she was in college. Kristen Heaney is a Wealth Legacy Coach and Consultant with Legacy Capitals, serving successful families and their advisors. Her passion for this work is colored by her own experience of being a young and unprepared inheritor after her father's early death. Kristen's training includes a Masters in Social Work from the University of Michigan, a Board Certified Coaching credential, and a certificate in Family Wealth Advising from the Family Firm Institute. Kristen's book, In Three Generations: A Story About Family, Wealth, and Beating the Odds is a fictional family leadership story, offering a great starting point for those considering a more purposeful approach to handling family wealth. She has been a featured thought leader for the Purposeful Planning Institute, Family Firm Institute, as well as legal, financial, and philanthropic firms across the United States and Canada, focused on topics including rising generation preparation, effective family meetings, wealthism, combating entitlement, and more. Kristen was born and raised in the Metro Detroit area, and currently lives with her husband and two sons in South Florida. During the course of the Money Tales interviews, our guests talk about areas of personal finance that we believe listeners might want to learn more about. In this episode of Money Tales our financial insight is about private foundations where we'll provide an overview of what they are and how they're organized.Learn more about Money Tale$ > Subscribe to the podcast Recent episodes Form CRS Form ADV Terms of Use Privacy Rights and Responsibilities

Thomasina Williams shares on importance of legacy in a family business. Focusing on how heritage can strengthen the business and the family. About: Thomasina H. Williams serves as a Strategic Thought Partner, Consultant and Coach to Enterprising Families. She works with clients to advance generational success as their family legacy, by being as intentional in developing their family's human capital as they are in growing their financial capital. Through their work with her, clients develop the capacity to have sensitive conversations, make difficult decisions, and be purposeful stewards, while navigating the complexities that come with combining family and finances. Thomasina was the first in-house consultant hired by one of the nation's largest private banks to play a leadership role in developing its offering to help ultra-high net worth clients navigate issues of family dynamics. She has also served as a family business consultant with a leading consulting firm, published articles, presented to international audiences and conducted trainings addressing issues of legacy family planning. She worked for more than 20 years as a lawyer, during which time she became a partner in one of Florida's leading full-service law firms in three years, and then co-founded the first Black-owned law firm in Miami with a primarily corporate clientele. Thomasina was recognized as one of the Top 250 Lawyers in South Florida, and the Miami-Dade County Commission named a day in her honor to acknowledge her pro bono public interest legal work. Thereafter, Thomasina relocated to New York, where she served for six years as a program officer at the nation's second largest private philanthropic foundation, and invested more than $42 million in grants to strengthen non-profits and the non-profit sector. Thomasina earned a Bachelor of Arts degree from Mount Holyoke College, and a Juris Doctor degree from the University of Michigan Law School. She holds certificates in Advanced Family Business Advising and Family Wealth Advising from the Family Firm Institute. She is also a member of the Purposeful Planning Institute, the Galliard Family Business Advisor Institute, the Independent Trustee Alliance and The Florida Bar. Additionally, Thomasina serves on the Advisory Board of Enterprising Women magazine.

Tracy Shen is the Founder and Managing Partner at Florin Group She is passionate about helping families grow their wealth together. Her joyful approach to finance comes into full view during strategy and review meetings, which she turns into a fun, empowering experience. She loves nothing more than helping clients gain control over their money and reach their financial goals. Tracy earned a Bachelor of Science in Finance from the University of Maryland. She is a Certified Long-Term Care specialist, a Registered Financial Consultant and a Chartered Mutual Fund Counselor. She has been a qualifying member of the prestigious Million Dollar Round Table of The Premier Association of Financial Professionals since 2004. She is currently pursuing the Certificate in Family Wealth Advising and Certified Financial Planner designation at American College. Listening to this episode will "pay off" like compounding interest! Listen NOW as we discuss "How To Multiply Your Wealth"

We all know that in family business that recruitment decisions are sometimes made without proper consideration but more of emotive feelings. We discuss how to handle employment of family and ensuring both the business and the family remain intact. About Isabel : Isabel C. Botero, Ph.D., is the Director of the Family Business Center and an associate professor of entrepreneurship at the University of Louisville. She is a Fellow for the Family Firm Institute and has an Advanced Certificate in Family Wealth Advising. Her research focuses on strategic communication processes and next-generation issues in family enterprises. She is an associate editor for the journal of family business strategy. She is a past FOBI Scholar, and has over 40 publications in journals such as Family Business Review, Journal of Family Business Strategy, Journal of Family Business Management, Journal of Management Studies, and Management Communication Quarterly.

Thomasina H. Williams serves as a Strategic Thought Partner, Consultant, and Coach to Enterprising Families. She works with clients to advance generational success as their family legacy, by being as intentional in developing their family's human capital as they are in growing their financial capital. Thomasina was the first in-house consultant hired by one of the nation's largest private banks to play a leadership role in developing its offering to help ultra-high net worth clients navigate issues of family dynamics. She has also served as a family business consultant with a leading consulting firm, published articles, presented to international audiences and conducted training addressing issues of legacy family planning. She worked for more than 20 years as a lawyer, during which time she became a partner in one of Florida's leading full-service law firms in three years, and then co-founded the first Black-owned law firm in Miami with a primarily corporate clientele. Thomasina was recognized as one of the Top 250 Lawyers in South Florida, and the Miami-Dade County Commission named a day in her honor to acknowledge her pro bono public interest legal work. Thomasina earned a Bachelor of Arts degree from Mount Holyoke College and a Juris Doctor degree from the University of Michigan Law School. She holds certificates in Advanced Family Business Advising and Family Wealth Advising from the Family Firm Institute. She is also a member of the Purposeful Planning Institute, the Galliard Family Business Advisor Institute, the Independent Trustee Alliance and The Florida Bar. Additionally, Thomasina serves on the Advisory Board of Enterprising Women magazine. What you will learn in this episode: Why Thomasina chose to move into the field of family dynamics and legacies after moving to New York to pursue her passion in philanthropic work Why there is a global phenomenon where a generation builds wealth, the next generation adapts to the wealth, and then the third generation loses it and has to rebuild Why a lack of communication within a family often leads to a loss of wealth, and how Thomasina's own family is an example of this trend Why society needs leadership right now, and how family businesses can step into that role and demonstrate leadership for their communities Why the information we take in has a drastic impact on our mindset, and why it is important to practice self-care before trying to take care of others Why business owners should be proactive in having important conversations about money and finances with their children to help maintain intergenerational wealth What key steps family business owners can take to help second- and third-generation business leaders prepare themselves to take over the family business Why bringing family members into a family-owned business who are underqualified for their role is a widespread problem Why setting up a “family governance” plan is a good step to take, and why business founders sometimes have trouble letting go of their control Why transition planning is the responsibility of both the outgoing and incoming generational leaders, and why planning should address the needs of both groups Resources: Website: www.sankofalegacyadvisors.com LinkedIn: www.linkedin.com/in/thomasina-h-williams/ Additional Resources: Website: sharonspano.com Book: thetimemoneybook.com Events