How often do you think about tax?

You might think about tax planning and tax effectiveness, but what about the role it plays in our day-to-day life?

In this episode of Purpose of Wealth, we sit down with tax expert Kerri Reynolds, Partner at Mutual Trust in Adelaide, to help us navigate a smart approach to tax planning throughout life so that you don’t let the tax tail wag the dog.

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

This podcast has been prepared in Australia by Mutual Trust Pty Ltd (ACN 004 285 330) (AFSL 234590). It is general information only and has been prepared without considering any particular person’s objectives, financial situation or needs. It does not constitute, and should not be relied upon as personal financial product, taxation or legal advice. Before making any investment decision you should read the relevant product disclosure statement or other disclosure document and obtain personal financial, taxation and legal advice. For more information about the financial services Mutual Trust provides, please contact us or visit our website, mutualtrust.com.au for a copy of our Financial Services Guide.

Purpose of Wealth is hosted by Narelle Hooper
Producer and editor is Samuel Phelps
Executive producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.

How do you invest for multiple generations so you set your family up for success?

Turns out there’s a fair bit of science, a sprinkling of art, and it’s pretty good to have nerves of steel too.

In this episode we find out how to grow financial capital sustainably to provide for the needs of current and future generations you may not even have met yet.

Jono Gourlay, Head of Wealth at Mutual Trust also explains what it takes to hold the line through the rollercoaster of market booms and busts.

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

***This podcast has been prepared in Australia by Mutual Trust Pty Ltd (ACN 004 285 330) (AFSL 234590). It is general information only and has been prepared without considering any particular person’s objectives, financial situation or needs. It does not constitute, and should not be relied upon as personal financial product, taxation or legal advice. Before making any investment decision you should read the relevant product disclosure statement or other disclosure document and obtain personal financial, taxation and legal advice. For more information about the financial services Mutual Trust provides, please contact us or visit our website, mutualtrust.com.au for a copy of our Financial Services Guide.***

Purpose of Wealth is hosted by Narelle Hooper
Producer and editor is Samuel Phelps
Executive Producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.

Great wealth casts a long shadow for those who have it.

You might not think so, but for those who have it, great wealth casts a looonnng shadow. Society heaps praise on the wealth creators, but the inheritors are often seen as people who “got lucky” by birth. This next generation frets it’s selfish and privileged to talk about their struggles.

In this episode, we meet someone who knows just what that’s like.

Someone who knows how to navigate these challenges, and who embraces the positive power of wealth.

Along the way, we’ll discover why pursuing personal aspirations is an important step toward a family’s Purpose of Wealth.

Join Narelle Hooper as she speaks with Kristin Keffeler, Chief Learning Officer at the Denver-based Johnson Financial Group, and Brad Simmons, Head of South Australia, 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 Hooper
Producer and editor is Samuel Phelps
Executive Producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.

Imagine this. You’ve spent your childhood growing up in a family business - the whole family lives and breathes it. Then one day the driving force behind the business - your Dad - suddenly gets ill. Seriously ill.

What happens next?

In this episode of Purpose of Wealth, we take a trip to the pharmacy and chat with second-gen entrepreneur Simon Reynolds, co-founder of the national network the Pharmacy Alliance, about scaling up, selling out, and the wake-up call when a founder faces a serious illness. Oh, and there’s a surprising story about a turkey, too.

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 Hooper
Producer and editor is Samuel Phelps
Executive Producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.

Have you ever thought about why you think about money the way you do?

In this episode of Purpose of Wealth, we explore how early money messages shape us, how understanding them is a vital step to clarity about what matters most, and how family members can be empowered by early financial education, as host Narelle Hooper speaks with Joline Godfrey, Financial Education Innovator and Wealth Consultant, and Lizzy Goldfinch, Partner in the Family Office Team at 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 Hooper
Producer and editor is Samuel Phelps
Executive Producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.

You’ve invested blood, sweat, tears and hard earned cash into your business. But as much as things might be going OK, you never know what’s around the corner.

“Nothing is certain except death and taxes” Benjamin Franklin once said.

In modern life, turns out there’s a multitude of other complicated twists you might also have to deal with - all the D words - Divorce, Defactos, Family Dynamics, Cognitive Decline, and the list goes on.

This brings with it a bunch of legal, financial, and personal considerations, which all come under the heading Succession Planning.

Basically, making sure you are sorted for things that might happen and the one thing we all know definitely will happen.

So let’s get on board the D Bus and talk through the issues with Australia’s very own Will Whisperer - Eliza Newson, Director - Trustee Services with Mutual Trust in Melbourne.

Want to know more about the ground breaking 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 Hooper
Producer and editor is Samuel Phelps
Executive Producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.

Thanks to the research Why the Modern Family Office Matters, we know that wealthy families have a huge positive social and economic impact on our nation.

But lasting impact depends on those families going the distance, prospering over the generations. And an important part of prospering is having open conversations about the challenges of wealth transfers, and sharing family history.

In this special episode of Purpose of Wealth, host Narelle Hooper sits down with Lady Marigold Southey, the daughter of one of Australia’s most significant retail empires.

How has the Myer family built and maintained such a substantial business and philanthropic legacy into its fifth generation? What is the glue that keeps the family together?

You’ll find out from Lady Marigold Merlyn Baillieu Southey AC herself.

Want to know more about the ground breaking 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 Hooper
Producer and editor is Samuel Phelps
Executive Producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.

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 Hooper
Producer and editor is Samuel Phelps
Executive Producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.