Capital Club Brian Adams

What does the word legacy mean to you? Everyone leaves a legacy, either a default one or an intentional one and Lance Welch's new book, The Legacy Navigator, is a blueprint to create your best legacy possible. Join us for an engaging conversation with Lance Welch, a Certified Business Development Coach with the John Maxwell organization, Certified Behavioral Consultant for DISC Personality Profiles, and author of The Legacy Navigator.
Order your copy of The Legacy Navigator
Connect with Lance
Connect with Brian
This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.
LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!

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What are the unseen emotional investments and risks accompanying family wealth management, and how can families navigate these to ensure generational success?
In this episode, our guest is Thomasina Williams, a pioneering family dynamics consultant who specializes in guiding ultra-high-net-worth families through the complexities of generational wealth transition. Thomasina sheds light on the often-overlooked human elements of family wealth, emphasizing the critical need for investment in family relationships and effective communication to safeguard and perpetuate wealth across generations.

[00:01 - 07:55] The Overlooked Risks in Family Wealth
The internal family dynamics and external economic factorsThe significance of nurturing family relations to maintain wealth across generationsThe role of effective communication in mitigating risks associated with wealth transition
[07:56 - 14:34] Communication as a Cornerstone
Communication breakdowns can be the biggest threats to family unity and wealthThe necessity of developing communication skills within family structuresTechniques to improve dialogue among family members to foster a healthier family enterprise
[14:35 - 21:29] Conflict Management and Change Navigation
Strategies to manage conflicts effectively to prevent long-term damage to familial relationshipsImportance of addressing and navigating generational changes sensitivelyUnderstanding the psychological impacts of unresolved conflicts within family businesses
[21:30 - 28:16] Implementing Effective Family Governance
The role of governance structures in stabilizing family businessesHow leadership from the top influences family dynamics and business successTechniques for fostering leadership skills among family members
[28:17 - 34:14] Tools for Future Success
Introduction to practical tools and frameworks to manage family dynamicsThe impact of external consultants in facilitating difficult conversationsFuture directions in family enterprise consulting focusing on women's roles in family businesses
Key Quotes:
"One of our biggest challenges I think as human beings is just to love people for who they are." - Thomasina Williams
"The real investment needs to be in our families, who are the actual bearers of the legacy we wish to preserve." — Thomasina Williams

Connect with Thomasina!
Website: https://www.developfamilyleaders.com/ 

This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.
Connect with me:
https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)
LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!
Hosted on Acast. See acast.com/privacy for more information.


Hosted on Acast. See acast.com/privacy for more information.

How does the trauma embedded in our DNA influence our personal and professional lives, and what can we do to overcome it?
In this episode, Monica Clare, a global consultant specializing in conflict management and strategic leadership, shares her profound insights into the impact of individual, intergenerational, and collective trauma on business and personal relationships. With a rich background that blends finance, mediation, and psychological safety, she provides actionable strategies for fostering healthier, more creative, and resilient organizations. The conversation delves into the science behind trauma, the importance of self-awareness, and the transformative power of addressing inherited conflicts.

[00:01 - 06:26] Unpacking Conflict: Roots and Recognition
Understanding the layers of conflict: personal, familial, and systemicThe role of self-awareness in recognizing and addressing inherited conflictsImportance of acknowledging historical and cultural impacts on personal behavior
[06:27 - 12:40] Navigating Through Awareness and Acceptance
The first steps in conflict resolution are awareness and acceptance of underlying issuesSelf-regulation techniques to manage personal triggersThe significance of personal responsibility in healing and transformation
[12:41 - 18:23] Implementing Change: Theory and Practice
Practical applications of theories like polyvagal and epigenetics in everyday interactionsThe benefits of creating a supportive environment for open dialogue and self-reflectionHow structured communication practices can alleviate longstanding familial conflicts
[18:24 - 24:01] Cultivating Compassion and Establishing Boundaries
Differentiating between empathy and compassion in conflict resolutionThe role of boundaries in maintaining healthy personal and professional relationshipsStrategies for effective negotiation and maintaining boundaries within family businesses
[24:02 - 29:54] Legacy and Leadership: Preparing for Transition
Preparing family businesses for generational transitions through effective leadership and legacy planningThe importance of acknowledging and integrating the wisdom of elder generationsTechniques for ensuring smooth transitions and the continued success of family businesses
Key Notes:
"Responsibility is the ability to respond. If I'm responsible for myself, I'm able to respond to my own reactions, my own issues." - Monica Clare
"If you're in a position of leadership, acknowledging that we're all shareholders in humanity's legacy is crucial for transformative leadership." - Monica Clare

Connect with Monica!
Website: https://www.monicaclare.ca/ 

This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.
Connect with me:
https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)
LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!
Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

How is the shifting financial landscape affecting estate planning and wealth transfer between generations?
In this captivating episode of the Capital Club podcast, host Brian engages with Anthony Venette, Director of Business Valuation & Advisory at DeJoy & Co. Anthony brings to the table his expertise in estate planning and business valuation, particularly focusing on optimizing gift and estate tax strategies for business owners. As the financial world grapples with demographic shifts and changing tax laws, Anthony sheds light on the critical intersection of income tax, estate tax, and business valuation, offering valuable insights into strategic wealth transfer across generations.

[00:01 - 08:33] Introducing Anthony Venette
Anthony's role in business valuation and estate planningThe demographic shift impacting business and wealth transferThe importance of understanding the nexus between generations in estate planning
[08:34 - 16:01] Navigating the Estate Tax Landscape
Upcoming changes in tax exemption and their impactStrategies for optimizing gift and estate tax planningThe importance of proactive planning in estate management
[16:02 - 24:20] Advanced Estate Planning Techniques
The use of carried interest in estate planningDifferences between European and American waterfall structures in fundsThe strategic benefits of early planning in estate tax optimization
[24:21 - 32:12] The Role of Family Offices in Estate Planning
How family offices can enhance wealth transfer strategiesThe significance of closely held business discounts and appreciation in estate planningThe impact of legal structures on wealth management
[32:13 - 38:07] Carried Interest and Derivative Sales
In-depth exploration of carried interest and its role in estate planningUnderstanding the vertical slice rule and carried interest derivative salesThe need for expert guidance in complex estate planning scenarios

Key Notes:

"We sit at the nexus point between generations, facilitating that handshake from baby boomers to Gen X and millennials." - Anthony Venette
"Estate planning isn't just about the numbers; it's about establishing and preserving legacy." -Anthony Venette

Connect with Anthony!
Website: https://www.teamdejoy.com/contact-us 
LinkedIn: https://www.linkedin.com/in/anthonyvenettecpaabv/ 

This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.
Connect with me:
https://www.linkedin.com/in/brian-c-adams/  (LinkedIn)
LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!
Hosted on Acast. See acast.com/privacy for more information.


Hosted on Acast. See acast.com/privacy for more information.

Could understanding the dynamics of succession planning in family businesses offer clues to navigating personal and professional transitions more effectively?
In this episode, Brian engages with guest Shelley Forsythe in a deep dive into the intricacies of succession planning in family businesses. Shelley, an expert in family governance and legacy planning with BMO Family Office, shares her insights on the importance of early planning, the role of professional advisors, and the emotional complexities involved in handing over the reins to the next generation. The conversation uncovers common pitfalls in succession planning, the significance of communication and external support, and how these elements contribute to the successful transition of leadership and legacy within family enterprises.
[00:01 - 07:21] The Art of Succession Planning
Succession planning in family businesses and its challengesThe importance of starting early and integrating technical and qualitative aspectsThe role of professional advisors in facilitating the process
[07:22 - 14:24] Next-Gen Leadership and Legacy
Preparing the next generation for leadership rolesBalancing personal passions with family business obligationsThe significance of independent board members in the transition process
[14:25 - 22:06] The Family Meeting Framework
Strategies for effective family meetingsThe importance of neutral venues and inclusive agendasIntegrating fun and meaningful activities to strengthen family bonds
[22:07 - 29:14] Navigating Family Dynamics
Addressing the emotional aspects of succession planningThe role of family councils in larger family enterprisesAdapting to generational changes within the family business context
[29:15 - 37:16] Cultivating a Sustainable Family Legacy
The significance of aligning family values with business goalsUtilizing family councils for generational representation and decision-makingThe role of philanthropy and social responsibility in the family legacy
Key Notes:
"Succession planning is not just about business transition; it’s about preparing the family for a future that sustains their values, legacy, and relationships." - Shelley Forsythe
"The best time to start planning your succession is yesterday; the next best time is today." – Shelley Forsythe

Connect with Shelley!
Website:https://privatewealth-insights.bmo.com/en/experts/shelley-forsythe/ 
LinkedIn: https://www.linkedin.com/in/shelley-forsythe-fea-cfp-tep-mfa-p-cepa-2171b220/ 

This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.
Connect with me:
https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)
LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!
Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

Can the right estate planning approach preserve wealth and prevent family discord, or is the dissipation of wealth an inevitable outcome of generational transitions?
In this episode, Brian sits down with Syd Walker, an estate planning consultant specializing in serving ultra-high-net-worth families. Their conversation delves into the nuanced world of estate planning, asset distribution, and the evolving concept of generational wealth management. Syd shares his journey from a campus minister and foreign missionary to a trusted advisor in the family office space, offering unique insights into creating actionable plans that resonate with family values and long-term objectives.

[00:01 - 06:22] The Evolution of Estate Planning
Syd's transition from ministry to estate planningThe impact of family office conferences on industry practicesThe importance of authentic engagement in wealth management
[06:23 - 13:08] Servant Leadership in Wealth Management
The concept of a 'servant's heart' in serving wealthy familiesThe role of empathy and understanding in financial advisoryChallenges of aligning family dynamics with wealth preservation
[13:09 - 20:14] Personal Stories and Professional Insights
Syd's personal experience with family and wealthCase studies illustrating the scope of his estate planning workThe process and importance of comprehensive family assessment
[20:15 - 27:42] Entrepreneurial Journey and Client Engagement
Syd’s experiences and realizations as an entrepreneurThe significance of problem-solving and education in wealth managementThe process of engaging with families and creating tailored action plans
[27:43 - 34:11] Legacy Beyond Wealth
Strategies for defining and preserving a family legacyThe role of governance and practical legacy in estate planningClosing thoughts on achieving wealth success and maintaining family unity

Key Notes:
"When you put yourself in the position of a servant, that's exactly how a lot of people will treat you." - Syd Walker
“One of the commonly held thoughts on why most families fail is a lack of trust.” - Syd Walker

Connect with Syd!
Website:https://www.prosperispartners.com/ 
LinkedIn:https://www.linkedin.com/in/sydwalker/ 

This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.
Connect with me:
https://www.linkedin.com/in/brian-c-adams/  (LinkedIn)
LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!
Hosted on Acast. See acast.com/privacy for more information.


Hosted on Acast. See acast.com/privacy for more information.