Episode 2

Wealth and well-being

Purpose of Wealth Podcast

About the episode

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 families take the necessary steps to ensure their wealth thrives when they throw the keys to the kids and the grandkids?

In this second episode of Purpose of Wealth, sit down with host Narelle Hooper as she chats with world leading advisor on family governance and wealth preservation, James (Jay) E. Hughes Jr., and Elizabeth (Lizzy) Goldfinch, Director in the Family Office Team at Mutual Trust, as they delve into how great transformations can take place when families reframe how they think about wealth, and what they really want to do with it.

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

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.

James (Jay) E. Hughes Jr - Guest

James E. “Jay” Hughes, Jr. is a sixth-generation counselor-at-law, now retired, author and co-author of multiple books and influential articles on family governance and wealth preservation. He is renowned for facilitating multigenerational family meetings, with an emphasis on governance issues. Hughes is frequently called on to address international and domestic symposia on helping families to flourish through the growth of their human, intellectual, spiritual, social and financial capital.

Lizzy Goldfinch - Guest
Partner, Family Office

Lizzy is passionate about helping families to realise their full potential. She is recognised for her ability to work successfully across generations to address the opportunities and challenges of wealth.

Lizzy has been a valued member of the Mutual Trust team for over nine years and was previously part of the Wealth Management team at the Myer Family Company.