The Lessons in Legacy Podcast Boodle Hatfield LLP

The Lessons in Legacy Podcast is a series that delves in to the evolution in the approaches, attitudes and adjustments successful individuals and families are taking to plan for wealth transfer. In the series we open dialogue with a number of leading academics, professional advisers and business leaders to hear their thoughts on legacy and consider how individuals and families can approach wealth transfer with greater purpose.

The series provides a platform for dialogue with a number of leading academics, professional advisers and business leaders about the evolution in the approaches, attitudes and adjustments successful individuals and families are taking to plan for wealth transfer. Across the series, we break down some of the themes that are now front of mind for those responsible for family wealth and take into account the priorities of the succeeding generation and look at how, in turn, we as advisers can support and steward a legacy’s sustainability and reflect a families’ longer term purpose, values and sense of cohesion.

In the ninth episode, Partner, Clare Stirzaker is joined by Lyn Tomlinson, Eleanor Sepanski and James Woods Davison. Lyn is the Head of Impact at Cazenove Capital where she focuses on helping clients maximise impact across all of their assets, whether that be through their grant making or their investment portfolio. Eleanor and James lawyers at Boodle Hatfield. Eleanor is a Partner specialising in charity law, dealing in particular with governance issues, philanthropy and CSR planning for companies. And James’ practice focuses on the legal and commercial challenges faced by high net worth individuals, trusts and corporate structures.

What was clear from our research is that ESG is becoming increasingly embedded within wealth transfer strategies and in turn reshaping what clients need from their advisors. Together Clare, Lyn, Eleanor and James look at this in more detail and consider how the Wealth Management Industry is reacting to increased interest in philanthropy and sustainable investments.

This podcast is intended to provide a first point of reference for current developments in aspects of the law. It should not be relied upon as a substitute for professional advice. If you would like to discuss any of the points raised during the podcast, please do not hesitate to contact our speakers using the details listed below.

Speakers:
Clare Stirzaker, Private Client Partner at Boodle Hatfield
t: +44 (0) 20 7079 8170
e: CStirzaker@boodlehatfield.com
Lyn Tomlinson, Head of Impact & Philanthropy at Cazenove Capital
t: +44 (0)20 7658 1385
e: lyn.tomlinson@cazenovecapital.com
Eleanor Sepanski, Private Client Partner at Boodle Hatfield
t: +44 (0) 20 7079 8540
e: esepanski@boodlehatfield.com
James Woods-Davison, Senior Associate at Boodle Hatfield
t: +44 (0) 20 7079 8207
e: JWoods-Davison@boodlehatfield.com

Resources
As referenced in the episode, please see below links to the resources and courses.

University of Zurich – Programmes for wealth holders – https://www.csp.uzh.ch/en/executive-education-training/wealth-owners.html
Family Offices: A roadmap to impact – https://www.schroders.com/en/global/family-offices/family-offices-a-roadmap-to-impact/
The Zulu Principle by Jim Slater – https://www.amazon.co.uk/Zulu-Principle-Extraordinary-Ordinary-Harriman/dp/1905641915

The Lessons in Legacy Podcast is a series brought to you by the Private Wealth team at Boodle Hatfield. The podcast delves into the approaches, attitudes and adjustments successful individuals and families are taking to plan for wealth transfer. In the series we open dialogue with a number of leading academics, professional advisers and business leaders to hear their thoughts on legacy and consider how individuals and families can approach wealth transfer with greater purpose.

With Alberto Lidji, Visiting Fellow at Cambridge Judge Business School & Founder of “The Do One Better” Knowledge Hub and Podcast, we delve deeper into the topic of philanthropy and its growing role in the creation of a meaningful legacy amongst successful individuals and families. Across the five part mini-series labelled ‘The Philanthropy Edition’ we deliver a rich and challenging conversation that explores how the concept of legacy impacts a person’s approach to philanthropy; why it is important for established philanthropists and potential philanthropists to consider the impact of their initiatives; whether philanthropy is too much of a distraction from the important purpose of tax; how our tax system can continue to facilitate greater philanthropy; and how we can significantly move the needle on philanthropic giving.

In the fifth and final episode of ‘The Philanthropy Edition’ Alberto Lidji and Clare Stirzaker are joined by Jake Hayman, a serial entrepreneur and experienced social sector consultant. Jake has been working with some of the most progressive wealth holders for the last 20 years and is currently writing a book on the topic. Together Alberto, Jake and Clare look at everything from taxes to misunderstandings around philanthropy and how wealth can be managed in a more equitable and just way.

This podcast is intended to provide a first point of reference for current developments in aspects of the law. It should not be relied upon as a substitute for professional advice. If you would like to discuss any of the points raised during the podcast, please do not hesitate to contact our speakers using the details listed below.

Speakers:
Clare Stirzaker, Private Client Partner at Boodle Hatfield
T: +44 (0) 20 7079 8170
E: CStirzaker@boodlehatfield.com

Alberto Lidji, Visiting Fellow at Cambridge Judge Business School & Founder of “The Do One Better” Knowledge Hub and Podcast
E: alberto@lidji.org

Jake Hayman
E: jakehaymanemail@gmail.com
T: 07771 590 893

The Lessons in Legacy Podcast is a series that delves in to the evolution in the approaches, attitudes and adjustments successful individuals and families are taking to plan for wealth transfer. In the series we open dialogue with a number of leading academics, professional advisers and business leaders to hear their thoughts on legacy and consider how individuals and families can approach wealth transfer with greater purpose.

The series follows on from Boodle Hatfield’s ‘Lessons in Legacy’ research – an initiative that highlights that legacy is no longer just about wealth preservation. With Alberto Lidji, Visiting Fellow at Cambridge Judge Business School & Founder of “The Do One Better” Knowledge Hub and Podcast and a number of leading philanthropy experts, we delve deeper into the topic of philanthropy and its growing role in the creation of a meaningful legacy amongst successful individuals and families. Across the five part mini-series we hope to deliver a rich and challenging conversation that explores how the concept of legacy impacts a person’s approach to philanthropy; why it is important for established philanthropists and potential philanthropists to consider the impact of their initiatives; whether philanthropy is too much of a distraction from the important purpose of tax; how our tax system can continue to facilitate greater philanthropy; and how we can significantly move the needle on philanthropic giving.

In the fourth episode of ‘The Philanthropy Edition’ Alberto Lidji and Clare Stirzaker are joined by Derek Bardowell. Derek’s work sees him wearing a number of hats from Philanthropy Advisor and Author to Trustee and Knowledge Equity Fellow. Along with his role as CEO of Ten Years’ Time, which helps ambitious donors and foundations tov repair harm and rebalance power by resourcing racial and economic justice with care and confidence.

Together Alberto, Derek and Clare look the importance of philanthropists considering the impact of their initiatives, they look at how funding and giving can ‘sweat’ the most and the challenges of gratification vs impact.

This podcast is intended to provide a first point of reference for current developments in aspects of the law. It should not be relied upon as a substitute for professional advice. If you would like to discuss any of the points raised during the podcast, please do not hesitate to contact our speakers using the details listed below.

Speakers:

Clare Stirzaker, Private Client Partner at Boodle Hatfield
T: +44 (0) 20 7079 8170
E: CStirzaker@boodlehatfield.com

Alberto Lidji, Visiting Fellow at Cambridge Judge Business School & Founder of “The Do One Better” Knowledge Hub and Podcast
E: alberto@lidji.org

Derek Bardowell, CEO of Ten Years’ Time
E: derek@tenyearstime.com

The Lessons in Legacy Podcast is a series that provides a platform for dialogue with a number of leading academics, professional advisers and business leaders about the evolution in the approaches, attitudes and adjustments successful individuals and families are taking to plan for wealth transfer.

The series follows on from Boodle Hatfield's ‘Lessons in Legacy’ research - an initiative that highlights that legacy is no longer just about wealth preservation. With Alberto Lidji, Visiting Fellow at Cambridge Judge Business School & Founder of “The Do One Better” Knowledge Hub and Podcast and a number of leading philanthropy experts, we delve deeper into the topic of philanthropy and its growing role in the creation of a meaningful legacy amongst successful individuals and families. Across the five part mini-series we hope to deliver a rich and challenging conversation that explores how the concept of legacy impacts a person’s approach to philanthropy; why it is important for established philanthropists and potential philanthropists to consider the impact of their initiatives; whether philanthropy is too much of a distraction from the important purpose of tax; how our tax system can continue to facilitate greater philanthropy; and how we can significantly move the needle on philanthropic giving.

In the second episode of ‘The Philanthropy Edition’ Alberto Lidji and Clare Stirzaker are joined by Professor Beth Breeze. Beth is a philanthropy scholar at the University of Kent who began her career as a fundraiser and spent a decade working in a variety of fundraising, research and charity management roles. Noting the lack of substantive research underpinning the practice, Beth completed a PhD on contemporary philanthropy and has since written and edited five books. Beth is the UK’s first ever Professor of Philanthropic Studies and in January 2022, she was made an Officer of the Order of the British Empire (OBE) “For services to Philanthropic Research and Fundraising”.

Together Alberto, Beth and Clare look at how, hand in hand, philanthropy can be done more effectively and at greater levels. They consider the concept of quantifying the impact of giving, the role of innovation in philanthropic capital and the idea that no philanthropist is an island – collaboration and partnerships are key.

This podcast is intended to provide a first point of reference for current developments in aspects of the law. It should not be relied upon as a substitute for professional advice. If you would like to discuss any of the points raised during the podcast, please do not hesitate to contact our speakers using the details listed below.

Speakers:
Clare Stirzaker, Private Client Partner at Boodle Hatfield
T: +44 (0) 20 7079 8170
E: CStirzaker@boodlehatfield.com

Alberto Lidji, Visiting Fellow at Cambridge Judge Business School & Founder of “The Do One Better” Knowledge Hub and Podcast
E: alberto@lidji.org
Find Alberto on Twitter @Alberto_Lidji

Professor Beth Breeze
T: +44 (0)1227 824303
E: b.breeze@kent.ac.uk
Find Beth on Twitter @UKCPhilanthropy

Links:
• Emma Beeston and Beth Breeze (2023) Advising Philanthropists: Principles and Practice. London: Directory of Social Change - https://gate.sc/?url=https%3A%2F%2Fwww.dsc.org.uk%2Fpublication%2Fadvising-philanthropists-principles-and-practice%2F&token=266f66-1-1696336565759
• Rhodri Davies (2023) In An Ideal World, Would There be no Philanthropy? Why Philanthropy Matters - https://whyphilanthropymatters.com/article/in-an-ideal-world-would-there-be-no-philanthropy/
• A free excerpt from Advising Philanthropists: https://ssir.org/books/excerpts/entry/disciplining_generosity
• To study with Beth and colleagues at the University of Kent:
• MA Philanthropic Studies https://www.kent.ac.uk/courses/postgraduate/769
• Fundraiser Apprenticeship https://www.kent.ac.uk/global-lifelong-learning/apprenticeships/employing-an-apprentice/fundraiser

he Lessons in Legacy Podcast is a series that follows on from Boodle Hatfield's ‘Lessons in Legacy’ research - an initiative that explores what legacy means to families and individuals in the 21st century. The series provides a platform for a dialogue with a number of leading academics, professional advisers and business leaders about the evolution in the approaches, attitudes and adjustments successful individuals and families are taking to plan for wealth transfer.

In celebrating our 300 year anniversary in 2022, we have taken time to pause and reflect on the concept of legacy both from our own and our clients’ perspective. What is clear, is that legacy is no longer just about wealth preservation. Wealth holders are increasingly seeing philanthropy as a core part of their legacy. When done well, it delivers greater environmental and societal impact, creates a broader sense of purpose around wealth, and encourages pride in the footprint our clients leave behind. However, whilst there has been a growth in interest in philanthropy, the level of impactful giving in the UK is not where it should be, despite it being needed more than ever against the backdrop of climate change, wars, and growing wealth inequality.

To delve deeper into the topic of philanthropy and its growing role in the creation of a meaningful legacy amongst successful individuals and families, we have create a mini-series within our Lessons in Legacy Podcast with Alberto Lidji, Visiting Fellow at Cambridge Judge Business School & Founder of “The Do One Better” Knowledge Hub and Podcast, along with a series of leading philanthropy experts. Across the five part mini-series we hope to deliver a rich and challenging conversation that explores how the concept of legacy impacts a person’s approach to philanthropy; why it is important for established philanthropists and potential philanthropists to consider the impact of their initiatives; whether philanthropy is too much of a distraction from the important purpose of tax; how our tax system can continue to facilitate greater philanthropy; and how we can significantly move the needle on philanthropic giving.

In the first episode of ‘The Philanthropy Edition’ Alberto Lidji and Clare Stirzaker are joined by Sarah Woolnough. Sarah is the CEO of Asthma + Lung UK, a charity leading the fight to improve care and support for everyone with a lung condition. She is Co-Chair of the NHS England National Respiratory Board and also sits on the Board of the Accelerating Access Collaborative, a key government initiative aimed at encouraging swifter adoption of new technologies and treatments to tackle ill health. Sarah is passionate about improving outcomes for all those with a lung condition and reversing the historic lack of investment in lung research. She has led several successful public health campaigns and is a vocal campaigner for clean air. Together Alberto, Sarah and Clare look at the impact donations and supporters have on a charities and the work undertaken to build personal relationships with philanthropists to build trust and ensure a mutual partnership is aligning with the objectives of both parties.

This podcast is intended to provide a first point of reference for current developments in aspects of the law. It should not be relied upon as a substitute for professional advice. If you would like to discuss any of the points raised during the podcast, please do not hesitate to contact our speakers using the details listed below.

Speakers:

Clare Stirzaker, Private Client Partner at Boodle Hatfield
T: +44 (0) 20 7079 8170
E: CStirzaker@boodlehatfield.com
Find Clare on LinkedIn here

Alberto Lidji, Visiting Fellow at Cambridge Judge Business School & Founder of “The Do One Better” Knowledge Hub and Podcast
E: alberto@lidji.org
Find Alberto on LinkedIn here

Sarah Woolnough, CEO at Asthma + Lung UK
T: +44 (0)20 7786 4901
E: swoolnough@asthmaandlung.org.uk
Find Sarah on LinkedIn here
Find out mo

The Lessons in Legacy Podcast is a new series that follows on from Boodle Hatfield's ‘Lessons in Legacy’ research - an initiative that explores what legacy means to families and individuals in the 21st century.

The series provides a platform for a dialogue with a number of leading academics, professional advisers and business leaders about the evolution in the approaches, attitudes and adjustments successful individuals and families are taking to plan for wealth transfer. Across the coming months, we will break down some of the themes that are now front of mind for those responsible for family wealth. We will take into account the priorities of the succeeding generation and look at how, in turn, we as advisers can support and steward a legacy’s sustainability and reflect a families’ longer term purpose, values and sense of cohesion.

In the third episode, Partner, Clare Stirzaker is joined by Maria Villax, Head of Family Governance and Solutions at the Bedrock Group. Maria specialises in guiding families around the world to develop and implement family governance frameworks to ensure successful generational transitions. She also brings a different dimension to the podcast episode as she understands first-hand the challenges that come with family ownership as she is also a 3rd generation of a family business and also operates as the NextGen Ambassador to the Family Business UK. Together Clare and Maria discuss the intangible value that is legacy, how family governance tools work with a family constitution and the importance of encapsulating and defining what a family is about.

This podcast is intended to provide a first point of reference for current developments in aspects of the law. It should not be relied upon as a substitute for professional advice. If you would like to discuss any of the points raised during the podcast, please do not hesitate to contact Clare Stirzaker or Maria Villax using the details listed below.

Speakers:

Clare Stirzaker, Private Client Partner at Boodle Hatfield
t: +44 (0) 20 7079 8170
e: CStirzaker@boodlehatfield.com

Maria Villax, Head of Family Governance and Solutions at the Bedrock Group
e: maria.villax@bedrockgroup.com
Maria Villax | (bedrockgroup.com)