Wealth of Wisdom

In this episode, Kathy Lintz and Ned Rollhaus demonstrate the importance of selecting the right advisor to ensure a family's long-term prosperity. They highlight key considerations including firm culture, the quality of people, alignment of interests, scope of services, fee structure, and matching the family's profile with the advisor's expertise — all in a helpful checklist.

Does the best thief make the best guardian? Where are the potentials for fraud in your family office structure? How can you make decisions "stick" amid the swirl of family passions? These aren't pleasant questions to think about, but family offices ignore them at their peril. In this engaging episode, family office COO Eugene Lipitz discusses the importance of creating internal controls policies, and procedures for family offices to protect clients, enforce decision-making, and streamline operations.

In this episode, join Stacy Allred as she shares insights on making better decisions by leveraging the power of storytelling. Discover the concept of prospective hindsight and how it can combat common decision biases. Learn about the premortem and promortem tools, developed by cognitive psychologist Gary A. Klein, to identify risks, optimize opportunities, and strengthen decision-making. Gain practical steps to conduct a premortem and promortem, and explore real-life scenarios where these tools can be applied in wealth-related decisions. Don't miss this episode packed with valuable strategies for making informed choices and improving outcomes.

In this episode, Mark Pletts encourages families to understand the costs associated with financial services and products, especially due to the pervasive lack of transparency in the industry. He advises them to ask their advisors detailed questions about fees and compensation structures to become better stewards of their wealth and avoid conflicts of interest. This includes attorneys, CPAs, wealth advisors, insurance agents, and other advisors. 

Join us for a thought-provoking episode as we explore the concept of ethical wills with Scotty McLennan. Discover how an ethical will goes beyond material possessions, focusing on passing on a vision of the qualitative dimensions of life that matter most. Learn how to craft a values-based letter to your loved ones, expressing your beliefs, lessons, hopes, and requests, and leaving a lasting legacy of love and purpose. Gain insights into the process of creating an ethical will and the positive outcomes it can bring to family relationships and estate planning.

In this week's episode, Keith Whitaker and Christian Stewart explore practical tools for building healthy families, emphasizing the importance of becoming a learning organization. It explores both individual and family perspectives on improving communication, trust, and collaboration, offering a curriculum to enhance skills and foster resilience within family dynamics.

Join us for a fascinating exploration of family roles and responsibilities in a family enterprise with Dr. Lee Hausner. Using the "Hats Off to You!" exercise, we dive into the invisible hats that family members wear and the power dynamics that come with them. Through a lively discussion around various roles, such as owners, managers, and family members, we uncover the rights and responsibilities associated with each hat. Discover how this exercise can enhance family communication, promote understanding, and guide decision-making in a family enterprise.