Podcast appearances and mentions of James E Hughes

I hope that listeners have enjoyed what they have heard this year. Here are a few favorites: “We reap what we sow”, Episode 256, published on November 22, 2023. https://bit.ly/3Gdp2X5. It was followed by Episode 257: “What seeds will you sow now?”, published on November 29, 2023.https://bit.ly/482bl9iJay Hughes was back to discuss a favorite topic. Episode 258: “Jay Hughes on the role of elders in flourishing families” was published on December 6, 2023.  https://bit.ly/3sZCniOYou can also hear our conversation on the James E. Hughes, Jr. Foundation website, where many excellent resources are available in a range of formats: https://jehjf.org/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. 

Ep 85. Creating a Culture of Giving: The Spiritual Capital of a Family Bank On this incredibly feel-good episode of The Family Biz Show, three-time returning guest Jay Hughes Jr. joins us to talk about his experience working with families and his passion for helping them flourish and evolve. Jay explains the idea behind the Family Bank and how it can help families manage their wealth and legacy, emphasizing the importance of growing spiritual and social capital within the family, rather than just focusing on the financial. Don't miss another one of Jay's episodes with us, as they're always filled to the brim with family business wisdom that will transcend the age.   OUR GUEST JAY HUGHES JR* 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. Through his pioneering work with families, Hughes has become the leading voice for a more enlightened, expansive approach to family office management and in turn, a mentor to countless family office executives. In 2021, the James E. Hughes, Jr. Foundation was established to honor Jay and the Hughes family lineage through educational programs and funding for advisors who are similarly called to serve families. Find out more about Mr. Hughes on his website or through the Jay Hughes Jr Foundation. ------- If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN5765536-062123 *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 & Legacy, LLC is not an affiliate of Lincoln Financial Advisors Corp. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.

Ep 79: Generations of Giving: The Power of Grandparents & Grandchildren in  Family Business Philanthropy  Join us as we talk to returning guest Jay Hughes Jr. about the powerful way family businesses can build and maintain a strong sense of purpose and legacy across the generations by utilizing philanthropic activities, and create a shared vision for making positive impacts on society. Share this episode with other family business owners who are interested in the power of generational giving!  OUR GUEST  Jay Hughes Jr.*  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.   Through his pioneering work with families, Hughes has become the leading voice for a more enlightened, expansive approach to family office management and in turn, a mentor to countless family office executives. In 2021, the James E. Hughes, Jr. Foundation was established to honor Jay and the Hughes family lineage through educational programs and funding for advisors who are similarly called to serve families.  Find out more about Mr. Hughes on his website or through the Jay Hughes Jr Foundation.   -------  If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form!  ---  *not affiliated with Lincoln Advisors Corp.  CRN-5485731-022723  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 & Legacy, LLC is not an affiliate of Lincoln Financial Advisors Corp. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.   

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

For many people, the idea of building wealth isn't just something they want to achieve during their lifetime. To create true well-being for your family, you have to pursue the resources to build a plan that lasts for generations. James E. Hughes has helped families accomplish this for five decades through advising, writing, and now with his foundation. Today he'll share some of that wisdom with us and help us better understand the steps to achieving generational well-being.   Join us on today's episode as we discuss these important topics and more: How does James define wealth? (3:27) Explaining the adage of shirtsleeves to shirtsleeves (13:00) What you need to priority with your family. (22:00) The three patterns we see too often in planning. (30:27) The next steps you can take to help your family flourish. (33:32)   RESOURCES About our guest: https://www.jamesehughes.com/  https://jehjf.org/  More Episodes: https://www.theway2wealth.com/episodes/  More About Scott Ford: https://www.carsonwealth.com/team-members/scott-ford/   Securities offered through Cetera Advisor Networks LLC, Member FINRA/SIPC. Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Cetera Advisor Networks LLC is under separate ownership from any other named entity. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors. 19833 Leitersburg Pike, Suite 1 Hagerstown, MD 21742. Guests are not affiliated with Cetera Advisors Networks LLC, or CWM, LLC. Opinions expressed by the presenter may not be representative of Cetera Advisors Networks LLC, or CWM, LLC.

James E. Hughes, Jr. | Family Advisor for 5 Decades | Book: Family Wealth | Family Governance | The 5 Capitals | Shirtsleeves to Shirtsleeves | A 100 Year Thinking | A Story of a Toy Purchase My guest today is Mr. James E. Hughes, Jay, is my dear friend, and mentor. We talk every month, but this is our first ever recorded talk. He shares his treasured conversations with his late father, a lifetime of experience, and boundless wisdom of family wealth. Mr. Hughes, a resident of Aspen, Colorado, is an author, advisor to families, founder of a law partnership in New York City that represented private clients throughout the world, now retired from active practice of law.  His wonderful book Family Wealth: Keeping It in the Family talks about family governance and wealth preservation with focus on the avoidance of the “shirtsleeves to shirtsleeves” proverb and on the dynamic growth of families' human, intellectual, social, spiritual, and financial capitals toward their families' flourishing. "As it takes 150 years for a copper beech tree {read a great family} to mature, plant today because there is no time to waste." — James E. Hughes, Jr. We will talk about: 1) The challenges of the shirtsleeves to shirtsleeves in three generations proverb, and the courage it takes to overcome it. 2) The five capitals, looking beyond the financial capital of a family. 3) A hundred year thinking in a family, looking back and looking forward around a family table. 4) How to talk with kids about money, a story of a toy purchase. 5) How to help families and individuals prosper and flourish. James E. Hughes Foundation James E. Hughes Family Wealth: Keeping It in the Family--How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations ----- To get regular updates and bonus content, please sign-up for my substack: ⁠https://bogumilbaranowski.substack.com/⁠ Learn more about Talking Billions Learn more about Bogumil Baranowski Learn more about Sicart Associates, LLC. Read Money, Life, Family: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available adviserinfo.sec.gov. --- Send in a voice message: https://podcasters.spotify.com/pod/show/talking-billions/message

On this episode of A Wiser Retirement Podcast, Casey Smith and Brad Lyons, CFP® introduce a special guest, James E. Hughes, Jr., author of Family Wealth: Keeping it in the Family. Hughes talks about how to create a family covenant, the hierarchy of a covenant, the Rockefeller legacy story, and how to structure a team that will work in your best interest. He also discusses some main points from his book, Family Wealth: Keeping it in the Family.Download our free guide: "7 Steps to Leave a Financial Legacy"Click here to schedule a consultation with one of our financial planners.Connect With Us:Our WebsiteYouTubeFacebookLinkedInInstagramTwitterPodcastBlog

James E Hughes Jr. shares on the Five Capitals Of Wealth About: James (Jay) E. Hughes, Jr., Esq. Mr. Hughes, a resident of Aspen, Colorado, is the author of Family Wealth: Keeping It in the Family, and of Family – The Compact Among Generations, both published by Bloomberg Press, and is the co–author with Susan Massenzio and Keith Whitaker of The Cycle of the Gift: Family Wealth and Wisdom, The Voice of the Rising Generation, and Complete Faith Wealth, all published by John Wiley & Sons and is a co-author with Hartley Goldstone and Keith Whitaker of Family Trusts: A Guide to Trustees, Beneficiaries, Advisors and Protectors". In addition, he has written numerous articles on family governance and wealth preservation and a series of Reflections which can be found on his website jamesehughes.com. He was the founder of a law partnership in New York City specializing in the representation of private clients throughout the world and is now retired from the active practice of law. Mr. Hughes was a partner of the law firms of Coudert Brothers and Jones Day. He is a current active Fellow of Wise Counsel Research Foundation (www.wisecounselresearch.org) a Boston based think tank providing qualitative advice to families who seek to avoid the shirt sleeves proverb and to help their families flourish. He is a member of the Advisory Board of Arlington Partners; a Fellow of the Family Firm Institute, a member of the Society of Trusts and Estates Practitioners, a founding member of the Collaboration for Family Flourishing and a Laureate of the Purposeful Planning Institute. He has spoken frequently at numerous international and domestic symposia on the avoidance of the shirtsleeves to shirtsleeves proverb and on the dynamic growth of families' human, intellectual, social, spiritual and financial capitals toward their families' flourishing. He has authored various Forwards to multiple published works on families and their flourishing and has been cited in the New York Times, the Wall Street Journal and various professional journals. He is a member of boards of various private trust companies, an advisor to numerous investment institutions, and a member of a number of private philanthropic boards. He is a graduate of the Far Brook School, which teaches through the Arts, The Pingry School, Princeton University and The Columbia School of Law. He is a counselor to the Family Office Exchange and recipient of its Founder's Award, the recipient of the Private Asset Management Lifetime Achievement Award, the Ackerman Institute Family Partner Award, and the Wealth Management Lifetime Achievement Award.

Have you truly healed from past trauma?   Any trauma that we experience in life is attached to both our mental health and our physical health. Whether personal, family related, physical, sexual, or childhood trauma, we tend to internalize and carry trauma in our body years before triggers are ever revealed.    So many of us are called to do great things, but trauma and fear of judgement stops us from pursuing purpose or even stepping out in faith. We have the power to walk ourselves through healing, but first we have to let go of the madness that keeps our minds imprisoned.   To close out an amazing week of highlighting previous clients from my signature program, Purpose To Platform, today's guest has curated a method to end the madness of trauma and push people into true health and healing.     Jabrita Shelton is a wife, mother, Published Author, Speaker, and Transformational Coach with 10 years as a Trauma Informed Care Professional. From childhood trauma, to the mental break that drove her to a psych ward, Jabrita chose to finally let go of the weight attached to being the “strong black woman”.    After 14 years of intentional root work around healing and understanding her own personal journey, Jabrita has been able to transform what once was a daunting story into one so triumphant you'd have to see it to believe it. Jabrita Shelton is the CEO of Jabrita Shelton & Co. and the Chief Consultant of The Madness Method and Mind Your Madness Experience   Key discussion points from this episode include:   Finding Purpose To Platform - 7:46 Pruning, Purging & Pursuing Purpose - 14:09 Become Unrecognizable - 20:21 Dismantle Limiting Beliefs - 24:30 The Madness Method - 26:08 The Great Launch - 30:40 Manifest The Dream & Stand In Your Truth - 37:05 Navigating Trauma: Jabrita's Story of Trauma - 43:47 Truth Leads To Transformation - 50:27 Connect With Jabrita Shelton Instagram: @mindyourmadnessexperience Website: https://mindyourmadnessexperience.com/ This episode is brought to you by my 5-day challenge, Committed To The Call.    Are you a coach, consultant, author, speaker or a service based entrepreneur of any kind? Are you sick of being interested and ready to be committed to getting the answers you need to live the life you've been longing for? GET unstuck and join me for my FREE 5-day challenge, COMMITTED to the CALL, where I'll show you how to stop fighting for a seat at the table and teach you the mindset and tools you need to build your own table. We start August 9th, and you need to be there. To Register and learn more, visit http://PatriceWashington.com/challenge. I Won't Apologize for Purpose Takeaways   “It wasn't about the money for me, but finding my purpose and being fulfilled.” - Jabrita Shelton “I wasn't clear on what my purpose was until I got to P2P.” - Jabrita Shelton “As a coach, I can't let you suck me into your limiting beliefs.” - Patrice Washington “You are appointed to this place for such a time as this.” - Jabrita Shelton “As much room as I thought I made for God, I really had not.” - Jabrita Shelton “Clutter is the physical manifestation of kaos in your mind.” - Patrice Washington “Your ability to receive is connected to your capacity to let go.” - Patrice Washington “You have to participate in your own rescue.” - Patrice Washington “Be who you know yourself to be.” - Jabrita Shelton “My history is not who I am.” - Jabrita Shelton “When you think about wealth but you have an impoverished mindset, your triggers will lead you to default to poverty.” - Jabrita Shelton “I could not believe that my pain turned into purpose.” Jabrita Shelton  “I chose to believe that I'm blessed to be a blessing.” - Patrice Washington “My commitment to God and what he called me to do was greater than the disappointment of my family.” - Jabrita Shelton “Anything God gives you the momentum to do, he will sustain.” - Jabrita Shelton “I'm going to live in my truth, I'm going to stand in my power and I'm going to trust God while doing so.” - Jabrita Shelton  “Trauma can prevent you from pursuing purpose.” - Patrice Washington “Remove the apprehension and take the risk on yourself.” - Jabrita Shelton “I won't apologize for purpose.” - Jabrita Shelton Redefining Wealth Rapid Wisdom Questions   And with that, let's dig into Jabrita's responses to our Redefining Wealth Rapid Wisdom Questions.   Define Success: “I define success as being relentless in your pursuit to win.”   Define Wealth in 3 Words or Less: "Faith. Family. Fun"    One Book that Has Redefined How You See Wealth: Redefine Wealth For Yourself by Patrice Washington Family Wealth: Keeping It In The Family by James E. Hughes Jr.   Fill-in the Blanks … “My name is ___ and the truth about wealth is ___”: “My name is Jabrita Shelton and to me the truth about wealth is it starts in the heart, it's consumed in the spirit, and it's manifested in consistent effort forward.” LINKS:   Join Purpose To Platform: https://patricewashington.com/purpose2platform/   To advertise on the podcast: http://www.patricewashington.com/podcastads   Become an Official Purpose Chaser: https://www.facebook.com/groups/redefiningwealthcommunity/?ref=bookmarks   To check out ALL of our past guests + episodes: http://www.patricewashington.com/Listen   If you have questions about booking Patrice or sponsoring the podcast, email us at info@seekwisdomfindwealth.com.   Find me in Social Media:   Our podcast hashtag is #RedefiningWealth   Instagram: @SeekWisdomPCW https://www.instagram.com/seekwisdompcw/   Twitter: @SeekWisdomPCW https://twitter.com/SeekWisdomPCW   Facebook: @SeekWisdomPCW https://www.facebook.com/SeekWisdomPCW/   YouTube: @SeekWisdomPCW https://www.youtube.com/user/SeekWisdomPCW

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.   Description In this episode, Ruth Steverlynck sits down with Joan DiFuria, MFT and Stephen Goldbart, Ph.D, co-founders of the Money Meaning and Choices Institute. They discuss the psychological impact that life-altering wealth can have on individuals and families, and what families who are “getting it right” are doing that FEAs can meaningfully learn from to support and help the families they serve.   Guest bio Joan DiFuria Co-founder of MFCC, Joan DiFuria has had considerable experience in both business and psychology, giving her a unique ability to provide balanced guidance to senior leaders in organizations. She addresses the very sensitive issues of wealth, philanthropy, meaningful careers, and developing family legacies with sensitivity and insight. Ms. DiFuria completed the Harvard Business School Program for Management Development including a degree in education and psychology. She has 18 years of experience as Director of Long-term Strategic Operations and National Marketing Director for one of the largest multinational corporations in the industrial metals distribution and commodities industry.   Stephen Goldbart Co-Founder of MMCI, Stephen Goldbart has over 30 years of professional experience, is a licensed clinical psychologist, professor, author, public speaker, and organizational consultant. Dr. Goldbart also has a passion for working with complex family/organizational systems, helping to clarify purpose, make or remake structure, and find solution pathways.  He has consulted with individuals, families, and organizations to help develop the fulfilling and sustainable balance of personal, professional, and philanthropic goals.   Find out more about Stephen Goldbart and Joan DiFuria here.   Key Takeaways [0:16] Ruth introduces Joan and Stephen, then opens up the conversation by offering to define wealth. [4:09] Stephen talks about the research that exists around the psychological impacts of life-changing wealth. [6:11] Joan takes a moment to break down the insight from the research for the audience, from breaking down taboos to clear decision-making processes. She touches on how they coined the term “Sudden Wealth Syndrome” and the response that it garnered. [9:50] Joan explains why family advisors should think holistically, because coming into great wealth comes with its own set of particular challenges. [13:41] Stephen talks about what 21st-century comprehensive planning is and what it looks like. [15:40] Ruth summarizes the overarching aspects an advisor should cover: the financial wealth, the human wealth of the family and the social impact that the family wants to have. [16:27] Joan touches on the importance of honing the ability to listen as an advisor. [17:10] Stephen speaks about the framework he and Joan have been building to guide families in this kind of planning, from talking to the wealth holders to drafting a set of operational values and finally engaging the entire family in the process. [19:20] Joan mentions that once the values have been isolated, action plans are developed and channelled into governance. [20:40] Stephen and Joan list off a few of the questions they’ve heard from members of the next generation. [24:11] Joan and Stephen talk about giving the next generation the opportunity to ask questions and share ideas. [28:20] Stephen talks about learning to know when to bring in other experts if the situation requires it. Joan and Stephen offer their tips on managing this kind of situation. [31:22] Joan and Stephen share their one piece of advice and book recommendations. [35:00] Ruth thanks Joan and Stephen for sharing so much of their expertise and resources.   Share your thoughts with us at fea@family-enterprise-change.com   Mentioned in this episode Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Xchange.   Money, Meaning & Choice Institute The Purposeful Planning Institute Rendezvous   Book recommendation: Family: The Compact Among Generations, by James E. Hughes, Jr.   More about Family Enterprise Xchange Family Enterprise Xchange FEX on Facebook FEX on Twitter FEX 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. What do Family Enterprise Advisors need to know about trusts? Hartley Goldstone shares the most important aspects of a trust, which he has learned over 30 years of experience. He also shares some valuable, actionable tips for advisors who will undoubtedly come across trust situations in their practice.   Guest Bio Hartley is a seasoned expert in the arena of trusts and has 30 years experience as a trust attorney and senior trust officer until 2009, when he set up his company, The Trustscape LLC, which focuses on helping clients create supportive trust cultures. In 2010, Hartley launched the Beneficiary and Trustee positive story project which culminated in his book Trustworthy, a collection of 25 stories capturing what has gone well in the trustscape. He is the lead author on the seminal work Family Trust, a practical guide on how to use trusts to pass on wealth. Key Takeaways [0:16] Ruth introduces Hartley Goldstone, his background and publications, and invites him to define the term Trustscape — a fluid system of relationships — that he himself coined. [7:22] From being an attorney to understanding that it all boils down to relationships: Hartley shares a fable that illustrates how he came to understand what hopes and dreams have to be addressed in a trust. [11:25] Hartley speaks to the long history of trusts, all the way back to the middle ages and how they relate to relationships. [15:20] Ruth talks about James E. Hughes Jr.’s comments on the staggeringly high number of trustees reporting that they are unhappy with their trust. Hartley touches on some beneficiary and trustee realities that could explain those numbers. [19:46] Hartley shares his vast experience in the form of six actionable ideas that advisors can use with their clients: Choose a meaningful title Create a preamble Include letters of wishes to beneficiaries and trustees Distribution committees Education Read Trustworthy [37:09] Ruth summarises the key elements Hartley shares during this interview and asks Hartley to share some reading suggestions. [42:33] Ruth thanks Hartley for his time and experience and invites listeners to subscribe and tune in for the next episode.   Mentioned in this episode Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Xchange Book: Family Trusts: A Guide for Beneficiaries, Trustees, Trust Protectors, and Trust Creators, by Hartley Goldstone, James E. Hughes Jr., and Keith Whitaker Book: TrustWorthy: New Angles on Trusts From Beneficiaries and Trustees, by Hartley Goldstone and Kathy Wiseman   Hartley’s author suggestions: James E. Hughes Jr. Dr. Robert A. Emmons Heidi Grant Halvorson Dr. Dan J. Siegel   More about Family Enterprise Xchange Family Enterprise Xchange FEX on Facebook FEX on Twitter FEX on LinkedIn FEX on YouTube   More about our guest hartley@navigatinvthestrustscape.com Hartley Goldstone’s website   Tweetables (edited) “The trustscape consists of everybody touched by a given trust from the creators, trustee beneficiaries to the advisors.” — Hartley Goldstone “Trusts have focused on relationships from the very outset, from the time they originated in England in the middle ages.” — Hartley Goldstone “Trusts solve problems and create relationships.” — Ruth Steverlynck “People think that trusts are legal structures that happen to involve human beings, but actually trusts are human relationships that happen to sit within a legal structure.” — Hartley Goldstone quoted by Ruth Steverlynck

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.     Myra Salzer is the Founder of The Wealth Conservancy and has been repeatedly listed among top financial advisors in the U.S. by Worth Magazine.   Myra joins host Ruth Steverlynck to share her insight and knowledge on working as an advisor for inheritors. She shares tips, best practices and what to consider when building relationships with this often underserved and misunderstood clientele.   Key Takeaways [0:16] Ruth introduces Myra Salzer — known as the inheritors’ advocate — and asks her to explain what an inheritors' advocate is. [3:12] There has been a rise in resentment against the wealthy and Myra touches on how this has affected inheritors and what emotions she usually sees in new beneficiaries. She also shares tips on what advisors should check, in themselves, in order to do their jobs well. [5:34] Hostile envy is a phenomenon that can manifest itself in some individuals in direct relation to their own relationship to money and can be very destructive to inheritors. Myra also gives her definition of minorities, how inheritors do fall within those parameters and why they require an advocate. [8:26] Myra shares her experience on how to best work with inheritors from an advisory perspective, as well as the biggest pitfalls to avoid, the first of which is to work on being aware of your own prejudices and find ways to circumvent them in order to prevent dehumanizing your clients. [14:09] So you’ve found that you do have some biases and latent prejudices? Myra explains how relying on other people or teams to better serve your client may be the best way to move forward in that relationship. [15:36] Myra offers a workshop for inheritors as many tend to hide their wealth and try to fit in. She shares the story of when she realized how alone this minority group was and how helpful this workshop can be. [23:03] Advisors should also have a place to safely talk about their experiences and bounce ideas off of other experts and meet new resources. [24:00] For listeners who are interested in this topic, Myra recommends a book, her TEDx talk and her workshop, all of which are linked below. [25:45] Ruth thanks Myra for her time and experience, then invites listeners to subscribe and tune in for the next episodes.   Mentioned in this episode Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Xchange   Myra’s resources Workshop: Inheritors of Wealth Workshop Myra’s Books Myra’s TEDx Talk Book: The Cycle of the Gift: Family Wealth and Wisdom, by James E. Hughes Jr., Susan E. Massenzio, and Keith Whitaker More about the Family Enterprise Xchange Family Enterprise Xchange (FEX) FEX on LinkedIn FEX on Facebook FEX on Twitter   More about our guest Myra Salzer at The Wealth Conservancy Myra Salzer on LinkedIn

In this week's episode, wealth management expert, estate lawyer, and author James E. Hughes talks with us about the importance of finding a larger purpose using our wealth and how focusing wealth in all of it's forms will not just help us and our families stay together and thrive, but ultimately it will grow our financial wealth as well.

Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family enterprise Advisors in strengthening their clients.   This episode explores the book Wealth of Wisdom: The TOP 50 Questions That Wealthy Families Ask. Your host Ruth Steverlynck is joined by Tom McCullough, Principal and co-Founder of Northwood Family Office as well as co-author of Wealth of Wisdom.   Key Takeaways [:16] Ruth introduces Tom McCullough and asks him to share a bit about himself. [1:58] Tom talks about where the idea for the book come from. [3:42] Of all the questions that could be asked, how did Tom whittle it down to 50? [5:15] Tom shares the questions he found most interesting through this process. [6:20] wealthofwisdombook.com [6:52] What are the best practices that came from the experts Tom consulted for the book? Two things stood out for him: on values and parenting. [11:54] This book can be used by advisors as a resource to get more knowledgeable on technical aspects they may not already have in their background, legal, practical or otherwise, as well as a starting point to dig deeper into some aspects. [13:57] On the Prince Charles syndrome, the fact that you can contact the book’s experts, and Tom’s favorite part: the end-of-chapter questions. [16:58] Even after 35 years of work, Tom was surprised at the amount of cooperation he got from the world experts he reached out to. [18:58] Tom on the many communication styles he got to see while preparing the book from very discreet to very blunt and the way it complements the many learning styles. [20:51] The surprising way the first and last chapter bookended. [23:07] Tom’s advice for advisors: ask questions, what are the five whys. [27:02] Ruth asks if there are any ideas for another book by Tom as well as any reading suggestion he may have for our listeners. [30:22] Ruth thanks Tom for his time and experience and invites listeners to subscribe and tune in for the next episodes.   Mentioned in this episode Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Xchange Book: Wealth of Wisdom: The TOP 50 Questions Wealthy Families Ask co-authored by Tom McCullough Northwood Family Office Book: The Investment Think Tank: Theory, Strategy, and Practice for Advisors by Harold Evensky Keith Whitaker Wigmore Association Charles Collier Christine Lagarde Book: Complete Family Wealth, by James E. Hughes, Susan E. Massenzio, and Keith Whitaker Book: Made to Stick: Why Some Ideas Survive and Others Die, by Chip Heath and Dan Heath   More about Family Enterprise Xchange Family Enterprise Xchange FEX on Facebook FEX on Twitter FEX on LinkedIn FEX on YouTube FEX on Instagram   More about our guest Tom McCullough’s bio on Northwood Family Office tm@northwoodfamilyoffice.com Tom McCullough at the Rotman School of Management, University of Toronto

Do you take too narrow of an approach in defining your client? In order to continue serving our clients from generation to generation, it is essential that we transform the definition of “client” from an individual to the entire family unit. Join us as we explore the importance of including the whole family in financial planning. We challenge you to encourage longevity in your client relationships and witness them thrive. Resources: Please send comments, questions, and feedback to: mojo@cannonfinancial.com Please send First Friday Feedback submissions to: mojo@cannonfinancial.com References: James E. Hughes - Family Wealth: Keeping It in the Family: https://amzn.to/2Ow3RmZ

James (Jay) E. Hughes, Jr., Esq. discusses family governance and more in this exciting book review.

About James E. Hughes, Jr., Esq. Mr. Hughes, a resident of Aspen, Colorado, is the author of Family Wealth: Keeping It in the Family, and of Family – The Compact Among Generations, both published by Bloomberg Press and is the co-author with Susan Messenzio and Keith Whitaker of a new book, The Cycle of the Gift: Family Wealth … Continue reading James E. Hughes, Jr., Esq. – Family Wealth Expert →