Let's Talk Family Enterprise 27: What is Purposeful Planning and How Can it Benefit Our Family Clients?
Introduction
Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.
All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.
Description
Host Steve Legler speaks with guest John A. Warnick, founder and head of the Purposeful Planning Institute. Together they cover how the institute came into being, the importance of collaboration, the natural fit that many FEA's feel with that network and the future of the movement to more family-centric advice and planning.
Guest bio
John A. Warnick is the founder of the Purposeful Planning Institute and Family Wealth Transitions & Solutions.
He finds immense fulfillment in educating and training children, adolescents and emerging adults in financial literacy, philanthropic service and holistic family wealth principles. He is currently serving as co-editor of a book on best practices for trusts and is also working on two other books entitled, The Gift of You and The Purposeful Trust Handbook.
Mr. Warnick received a BA magna cum laude from Brigham Young University and his JD from George Washington University with honors.
You can find out more about John A. Warnick on the Purposeful Planning Institute website and on his LinkedIn.
Key Takeaways
[0:35] Steve Legler welcomes John A. Warnick and invites him to correct or add anything to his introduction.
[3:22] Mr. Warnick touches on how he came to land on the moniker “Purposeful Planning.” He shares how his views on family planning evolved and the importance of being more reflective for both clients and advisors.
[9:04] Walking the purposeful road was helped by quite a few mentors along the way, Mr. Warnick speaks to the foundational influences he’s benefited from and shares how he met James E. Hughes.
[16:48] The purposeful planning movement is progressing; John A. Warnick talks about how he sees the future taking shape collaboratively; Steve and John discuss multidisciplinary fluency.
[26:09] Mr. Warnick talks about the synergy between FEA, Family Enterprise Canada and PPI, and how this overlap is expanding the library of best practices.
[31:50] John A. Warnick shares his book recommendations as well as his one piece of advice from an advisor to other advisors.
[36:17] Steve thanks John for joining the podcast and sharing his experience and expertise with the audience. Listeners, please subscribe!
Share your thoughts with us at fea@familyenterprise.ca
Mentioned in this episode
The Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.Family Enterprise Advisor designation (FEA)
Books:
Family Wealth — Keeping It in the Family: How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations, by James E. Hughes Jr.
The 7 Habits of Highly Effective Families: Building a Beautiful Family Culture in a Turbulent World, by Steven R. Covey
Time to Think: Listening to Ignite the Human Mind, by Nancy Kline
More Time to Think: A Way of Being in the World, by Nancy Kline
More about Family Enterprise Canada
Family Enterprise Canada (FEC)