Purpose of Wealth
Purpose of Wealth: the secret to protecting and growing intergenerational wealth is a brand new podcast from Mutual Trust, Australia’s leading modern Multi-Family Office. Hosted by Narelle Hooper, award-winning Australian editor and interviewer (Company Director magazine and AFR BOSS), non-executive director of The Ethics Centre and author New Women, New Men, New Economy and featuring high net worth leaders and top global experts. Join Narelle and her guests as they explore why a modern Family Office matters, how to find purpose and alignment, the positive impact your wealth can have in business and the community, plus the conversations your family should be having, now.
Episodes
How great is the feeling when you have a win? According to our guest in this episode of the Purpose of Wealth, it's not just about personal triumph, but about dreaming big, teamwork, discipline, and goal setting.
Host Narelle Hooper chats with Peter Antonie OAM, the greatest all-rounder in the history of Aussie rowing. The Olympic gold medallist is also a Partner at Mutual Trust, and has been part of the wealth management team...
What do you think makes for success in a relationship? Trust, respect, communication, commitment, compromise - they all sound great on paper. But what about when it comes to trusting your wealth and private family interests in the hands of an advisor?
In this episode, host Narelle Hooper jumps on board a 27-year-old partnership to chat with John Calvert-Jones, the sage of family office SeaFirst Australia. John has ...
What does it take for you and your family to feel safe and secure?
If you think about Maslow’s hierarchy of needs, right after food, water, and shelter, comes safety. And sure, high walls, cameras, even a loyal dog might help. But what about the risks you can’t see - the threats you can’t predict or control?
In this episode, host Narelle Hooper chats with a former ADF Special Operations leader, ...
What’s the most powerful document a family can have?
What’s the most powerful document a family can have?
Most of us would think it's your will - but there’s another important document that can shape your family’s legacy for generations, its a Family Constitution.
In this episode, host Narelle Hooper sits down with Nicola Michell, a sixth-generatio...
How can you and your family stay grounded amidst great wealth?
The answer might just lie in purposeful giving.
In this episode, host Narelle Hooper chats with Rupert Myer AO and Alice Walter, Partner and Head of Philanthropy at Mutual Trust, about the power of purposeful giving through an intergenerational lens, and how even though it may sound serious, it can be a vibrant and fulfilling journey, where unexpected impacts ca...
How generous are you feeling?
Philanthropy is a growing feature of family wealth portfolios, and frankly, in a world where there seems no shortage of problems to be solved, it’s a force that needs unleashing.
In this episode Narelle Hooper sits down with Peter Yates AM and Ralf Haase to explore why thinking like an investor is a useful tool in the quest for impact, and how philanthropy can be helpful a...
The dynamics around family wealth are changing, and there’s a bold new force emerging in the great intergenerational wealth transfer.
In episode six, Joline Godfrey dropped some clues of what’s coming. She said “we see women at the table and women who are deploying very large amounts of money, and we see them doing it in very thoughtful, sometimes very provocative ways, but it's like the head of the spear&rd...
When you think about family wealth down the generations, how do you know when it’s time to call time on the structures that have underpinned the family business, who controls the money, and who makes the decisions?
And when it comes to the crunch… what matters most - freedom, or control?
In this episode, host Narelle Hooper speaks with Peter Michell, a director of Michell Wool, and a non-executive director ...
In this episode, we confront the complexities of new love and the family, and what can happen when a clash of ideals turns a love match into a battle for control.
Our guest, Coventry Edwards-Pitt says we need to flip our thinking.
Covie is Chief Creative Officer & Founder and Director of The Center for Family Well-being at Ballentine Partners in Boston and has spent 25 years in the wealth advising industry. She&rsqu...
In this episode, host Narelle Hooper grabs a beer with Bob and Nicola Mac Smith at their pub in Cargo, New South Wales for a lively chat about farming, family, and forward-thinking. As fifth-generation farmers, now with the sixth generation, Sam, Jock, and Tom, stepping up - they know firsthand the ups and downs of life on the land.
But instead of betting everything on farming’s unpredictable nature, they took a bold step int...
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.
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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...
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...
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, se...
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 ...
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 o...
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 W...
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 g...
We know that families of wealth have a huge ripple effect on the economy - in terms of jobs, entrepreneurship and community impact. But did you know we’re also in the midst of what they call the Great Wealth Transfer?
It’s estimated that three and a half trillion dollars of wealth will pass between generations in Australia over the next two decades, and it's already begun.
But there’s a huge point of tension emerging - will these ...
Mutual Trust and the University of Adelaide Business School have recently released ground breaking research Why a Modern Family Office Matters. It’s the first of its kind in Australia to reveal the contributions our wealthiest families make to the nation.
You probably know that lasting impact depends on families going the distance, protecting and growing their wealth over generations.
But that's not a guarantee, and more often th...
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