61 episodes

The issues that come up in a family office or family enterprise are unique to each family and are rarely discussed in a public forum. In this Podcast, Family Office Exchange reveals some of these issues in discussions with Family-Office subject-matter experts, family members, and trusted advisors. The podcast gives the listener a taste of how having a FOX membership can transform the way families approach ideas like philanthropy, governance, investing, and more.

FOXCast Family Office Exchange

    • Business
    • 4.9 • 21 Ratings

The issues that come up in a family office or family enterprise are unique to each family and are rarely discussed in a public forum. In this Podcast, Family Office Exchange reveals some of these issues in discussions with Family-Office subject-matter experts, family members, and trusted advisors. The podcast gives the listener a taste of how having a FOX membership can transform the way families approach ideas like philanthropy, governance, investing, and more.

    Establishing a Hybrid Family Office to Serve a Multigenerational Family with Ned Rollhaus and Luke Jernagan

    Establishing a Hybrid Family Office to Serve a Multigenerational Family with Ned Rollhaus and Luke Jernagan

    Today, it is my pleasure to speak with Ned Rollhaus and Luke Jernagan of Matter Family Office, a purpose-driven multi-family office firm serving multigenerational families of wealth. Ned is a Partner at Matter and sees himself as a thought partner, coach, and facilitator for families at every stage of their wealth journey, dedicated to helping them navigate the complexities and responsibilities of wealth over multiple generations. Luke is the Director of Family Learning at Matter, and in that capacity, he works with families to strengthen their relationships, communicate effectively, and identify what matters most to them, so they can thrive as individuals and together.
    In their work with families, especially as they evolve from being G1- or founder-led to involving broader groups of owners across generations, Ned and Luke have seen an emerging trend toward what they refer to as “hybrid” family offices – as in a hybrid between a single-family office (SFO) and a multi-family office (MFO). They share their definition of a hybrid FO, describe how this emerging model works, and go over the benefits of a Hybrid FO and the reasons why families are increasingly gravitating toward this model.
    Ned and Luke then offer some practical considerations and tips for family principals and leaders who are considering a hybrid FO, highlighting the situations in which owners should consider this structure and the factors they should be aware of and/or watch out for. They also offer suggestions and recommendations for FO executives who may have to evaluate this hybrid FO model, select the external MFO partners, and determine what services should be provided on which side of the hybrid divide, as well as what role they should play as FO executives in this model.
    Don’t miss this instructive conversation with two of the foremost thinkers and practitioners in the MFO space and the purposeful planning movement.

    • 31 min
    Nurturing Healthy, Wealthy, and Wise Rising Gen Members with Coventry Edwards-Pitt

    Nurturing Healthy, Wealthy, and Wise Rising Gen Members with Coventry Edwards-Pitt

    Today, I am delighted to welcome Coventry Edwards-Pitt, CFA, CFP®, Partner and Chief Creative Officer at Ballentine Partners, an independent multi-family-office firm. Covie is the author of three popular books: Raised Healthy, Wealthy & Wise, Aged Healthy, Wealthy & Wise, and Engaged Healthy, Wealthy & Wise. She has been quoted widely, including in The New York Times, The Wall Street Journal, Bloomberg, and Investment News. Covie is a trained opera singer and pianist, and a member of the Women Presidents’ Organization and the Collaboration for Family Flourishing.
    Covie works with many families of wealth looking to “prepare their next gen to be good stewards of wealth” and often she finds there is a rift between what the parents want and what their children actually need when they embark on this journey. She shares the insights she has uncovered over the course of her career about this tension.
    She also highlights another problematic aspect she has experienced – this one has to do with the solutions the family wealth industry offers. These solutions are intended to do good, but often create many unintended, damaging side effects. To remedy that, Covie advises her clients to “take 10 steps back,” and deploys with them such practical tools as a “facilitated reading journey” utilizing her Healthy, Wealthy, and Wise books. She describes how that approach works and the benefits it creates.
    An area where rising gens often first get involved in the family enterprise is the philanthropic strategy and giving activities of the family. Covie shares her ideas of another practical tool, which actually doesn’t exist yet, but in her view, should and would be of great value to philanthropic families and their younger generations. She outlines her vision of a vehicle that would act as a “national CLAT” (charitable lead annuity trust) and delves into how this idea would create value to families and their communities.
    Please enjoy this informative conversation with a celebrated practitioner and recognized author in the domain of rising gen engagement and development.

    • 39 min
    Paving Humanity’s Path to a Golden Civilization with George Kinder

    Paving Humanity’s Path to a Golden Civilization with George Kinder

    This week, I am pleased to welcome George Kinder, Founder and President of The Kinder Institute of Life Planning. George is a renowned author, international thought leader, and life planning pioneer who over the past 35 years has spearheaded the financial planning movement within the financial service industry. George is also a longtime mindfulness practitioner and teacher, and author of the visionary mindfulness book, A Golden Civilization & The Map of Mindfulness.
    As he has done before in his life and career, George is now spearheading a new movement and a vision for a future social contract between all institutions and our society, which he refers to as “Fiduciary in All Things” (or FIAT). He describes this simple but groundbreaking concept, outlining how it works, what its benefits are, and what changes need to take place for this vision to be realized.
    George has a unique perspective on the psychology of money, and in his work with financial advisors and planners, he talks about the “Three Domains of Freedom.” He elaborates on this concept and how it applies to the work of families and their family offices to manage their wealth and the resources of the family enterprise.
    As one of the leading pioneers of the life planning movement that swept the financial services industry over the past couple of decades, George offers some practical financial life planning tips for family leaders, family office executives, and family wealth advisors. And as a 50-year mindfulness veteran and accomplished mindfulness teacher, he shares some suggestions for both UHNW family clients and their wealth advisors on how to incorporate mindfulness into their daily lives and work, and why.
    Enjoy this uniquely rich conversation with one of the leading pioneers of financial life planning and foremost authorities on mindfulness and living a peaceful and meaningful life.

    • 43 min
    Seizing the Timely Opportunities in the Bond Markets with Wesly Pate

    Seizing the Timely Opportunities in the Bond Markets with Wesly Pate

    Today, I am pleased to welcome Wesly Pate, Senior Portfolio Manager at Income Research + Management (IR+M), a bond management firm specializing in US fixed income for both institutional and private wealth clients. In his role, Wesly is focused on portfolio construction, sector analysis, and contributing to the investment decision-making process, and works closely with IR+M’s wealth management team and family office clients.
    Wesly starts by sharing his views on the macroeconomic context in which we find ourselves today. IR+M specializes in fixed-income instruments (bonds in particular), and we find ourselves in a relatively high-interest environment for the first time in decades. Wesly talks about how and why bonds are performing strongly or positioned to add value to investors’ portfolios right now. He then looks at the current macro environment from the perspective of family enterprises and family offices.
    IR+M is itself a family-owned, multigenerational business, so Wesly and the firm leadership are no strangers to the needs, priorities, and investment mindset of family enterprises. Wesly shares hid views on the opportunities, ideas, and actions family offices and family enterprise CIOs should be considering in today’s environment.
    Wesly then offers some practical tools and tips for family offices, active investors, and family enterprise CIOs, highlighting some great analytical tools and methods, such as breakeven analyses and studying changes in relevant value and suggesting how family offices should be thinking about them and utilizing them.
    Finally, Wesly provides his insights into what he sees families and family offices are currently doing with fixed income and bonds in their portfolios and offers some suggestions on the investment strategies they should be considering or activating in the current context.
    Please enjoy this timely and instructive conversation with a deep expert in an asset class that has renewed relevance and potential impact on family investment portfolios today.

    • 30 min
    Securing Top-Quality Medical Care for Family Members with Leslie Michelson

    Securing Top-Quality Medical Care for Family Members with Leslie Michelson

    This week, I’m speaking with Leslie Michelson, Chairman and Co-Founder of Private Health Management (PHM). PHM is a clinically sophisticated complex care management company, specializing in assisting clients to obtain the best care and outcomes when facing serious and complex medical conditions. Before founding PHM, Leslie was the CEO and Vice Chairman of the Prostate Cancer Foundation, and he’s the author of the New York Times bestseller, The Patient’s Playbook. Leslie, and his firm PHM, are marketing partners of FOX and valuable contributors of unique, expertise to our member community, and we are thrilled to offer their specialized knowledge and thought leadership to our members.
    Leslie shares his reflections, based on his decades of experience, on how UHNW clients, who ostensibly have the resources to afford any level of service and care, still find it a challenge to gain access to and receive good medical care. He also points to a unique and intriguing aspect of being a client or advisor in the family wealth space – which is that clients in this niche corner of the wealth management industry are families, and as such, they share common heritage and genetics. And that is important for families and family leaders to know as they seek to improve the collective health and well-being of their family members.
    Leslie offers some practical tips and suggestions for UHNW clients who are facing or dealing with a serious diagnosis, condition, or illness in the family, and provides a simple and time-tested recipe for the steps should they take and the resources they should seek out. He also has some sound advice and useful resources for families whose members are blessed with good health at present, but the family and the family leaders wish to be proactive and better prepared for all eventualities and for any medical situations or emergencies family members may face.
    Don’t miss this highly practical conversation with one of the long-time thought leaders and practitioners in the health and wellness profession focused on serving UHNW families and all their members.

    • 29 min
    Discovering the Power of a Whole Family Advisory Relationship with Richard Orlando

    Discovering the Power of a Whole Family Advisory Relationship with Richard Orlando

    Today, I am delighted to speak with Dr. Richard Orlando, Founder of Legacy Capitals, a leading provider of training, coaching, and consulting services on topics such as wealth and values transfer, preparing the rising generation, family governance, legacy planning, and family philanthropy to financially successful families & family businesses, wealth advisors, family offices, and financial institutions. Richard is an approved instructor for the Investments & Wealth Institute’s Certified Private Wealth Advisor (CPWA) Certification Program, a faculty member of the UHNW Institute, holds a certificate in family wealth advising from the Family Firm Institute, and is certified as a professional coach by the International Coach Federation’s accredited program.
    In his practice serving UHNW clients, Richard uses the terms “love your client” and “whole family advisory” to describe his approach and philosophy of working with families of wealth. He explains what he means by these terms and shares his definition of a whole family advisor. Richard and his firm work with both family clients and their trusted advisors, and he talks about how this “whole family advisor” mindset impacts both sides of this professional relationship. He unpacks what families need to know about finding and working with a whole family advisor and what advisors need to know and do to become one.
    In his book, Legacy: The Hidden Keys to Optimizing Your Family Wealth Decisions, Richard outlines and explores the five most important family wealth questions, or decisions, that directly impact families and their legacies. He delves into these five questions and explains how families and advisors should make practical use of them. Richard also shares several legacy tools – for facilitating meetings, communicating effectively, planning, etc. – that he utilizes in his work with clients and offers some tips on how family principals and family advisors can best make use of them.
    Please enjoy this highly instructive conversation with a longtime practitioner and leading coach and educator in the family wealth and well-being space.

    • 43 min

Customer Reviews

4.9 out of 5
21 Ratings

21 Ratings

LtDisbo ,

Life insurance review vs audit

Very informative and easy to understand. The speaker, Steve Herlihy, was obviously very knowledgeable and extremely well spoken. He explained the issue in a very easy to understand manner. I got a lot out of it. Thank you!

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