Episode 13

Freedom or Control? Family Office Model Evolutions

Purpose of Wealth Podcast

About the episode

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 of Mutual Trust, and Kirby Rosplock, founder of Family Office consultancy Tamarind Partners, and author of The Complete Family Office Handbook. Both Kirby and Peter have family enterprise connections that stretch back to the 19th century and a lifetime of lived experience through various family office model evolutions. Listen in as they share their insights, knowledge, and uncover the many possibilities that a Family Office can grow into.

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

Featuring

Narelle Hooper - Host

During more than 25 years as a business and finance journalist and editor Narelle has worked for Australia’s leading media groups including the ABC, Fairfax Media and SBS TV. She’s a former Editor of the Australian Financial Review’s BOSS Magazine and was founding co-chair of the Financial Review’s Women of Influence Awards.

Narelle is also a member of the board of the The Ethics Centre. She has held a number of non executive director roles over the past decade, including with the Tasmanian Development Board, the Documentary Australia Foundation and with women's entrepreneurship accelerator SBE Australia, which runs the Springboard Enterprises program.

Peter Michell - Guest
Non-Executive Director

Peter is a Director of Michell Wool Pty Ltd and was its Managing Director from 2004 to 2014. Thirty years in the wool, wool textile and leather industries saw Peter responsible for commodity trading, global B2B industrial sales, international industrial facility establishment and management in China and Malaysia, trade finance, water and waste water management. Since 2016, Peter has been an Investor and founding Director of start-up businesses in AgTech focussed on waste water management and energy technology.

Peter has been a Director of Mutual Trust since 2016 and is a member of the Investment Committee.

Kirby Rosplock - Guest

Kirby Rosplock is the CEO and founder of Tamarind Partners, Inc., named Best Family Office Management Consultancy and Best Family Wealth Counseling by the Family Wealth Report in 2019. Kirby is recognised by her peers as an innovator, trusted advisor, lauded author, and world-renowned speaker in the family business and family office domains.