Episode 3

Wealth 3.0 - The Mindset Shift

Purpose of Wealth Podcast

About the episode

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

Featuring

Narelle Hoope - 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.

Dr Dennis T Jaffe - Guest

Dennis’s work with families helps inform his learning programs for financial advisors and wealth managers about the knowledge and skills needed to serve their client families. He is an acclaimed speaker and workshop leader in programs for business families and financial service firms.

Brad Simmons - Guest

Brad is passionate about helping families meet the challenges of managing wealth across generations. Having worked within a Single Family Office and Australia’s largest Multi-Family Office, Brad brings a unique perspective on family wealth.

Drawing on his broad expertise, Brad helps to integrate the affairs of families through a holistic approach.
Masters of Applied Finance and Investment
Diploma of Financial Planning
Bachelor of Law