The Mack Podcast

In this conversation, Brian Adams and Alex Kirby discuss the complexities of family dynamics and governance in the context of wealth management. They explore the importance of proactive engagement in family relationships, the challenges faced by family offices, and the role of technology in enhancing family governance. Alex emphasizes the need for a shared vision and values among family members to foster better communication and decision-making.To learn more about Mack International, please visit www.mackinternational.com.

This discussion features John Lucan, a multifamily office executive, Fred Gluckman, a family office advisor, Andrew Cohen, a family office journalist, and Jay Rogers, a seasoned family office executive. They delve into the relevance of the endowment model for family offices and the nuances of private equity. Topics include the impacts of wealth transfer on M&A activity, the need for transparency in investments, and the shift towards co-investment strategies, emphasizing the importance of specialized expertise and strong partnerships for success in evolving financial landscapes.

Kerri Scott, an executive at a Dallas family office specializing in wealth growth and estate tax planning, dives into the innovative idea of a 'death audit.' She discusses how simulating a wealth owner's death can reveal gaps in estate planning and emphasize the importance of documenting institutional knowledge. Kerri highlights the significance of open family discussions about assets to avoid disputes and the need for thorough asset reviews to ensure compliance and smooth transitions. Her insights reveal the complexities of effective estate management.

In this conversation, Judy Lin Walsh, a Partner at Banyan Global specializing in family business dynamics, explores the key traits of effective family office leaders. She emphasizes curiosity, purpose, collaboration, and candor as vital for navigating family office challenges. Judy discusses the importance of defining a unique value proposition and conducting regular performance evaluations. The dialogue also highlights the necessity of fostering open communication and addressing family dynamics to enhance alignment and drive improvement.

In today's panel discussion, Brian Adams, Shaun Parkin, and John Lueken dive into the current investment landscape, focusing on public equities, private equity dynamics, and the rise of private credit. They explore the implications of market valuations, the importance of relationships in private equity, and the complexities of credit investments. The discussion emphasizes the need for thorough due diligence and understanding of risk management in today's evolving financial environment. They also dive into the complexities of capital structures in a changing market, the evolving landscape of venture capital, and the nuances of ESG and impact investing. They discuss the implications of rising interest rates on asset valuations, the challenges faced by family offices in venture capital, and the importance of governance and investment strategies in preserving wealth.To learn more about Mack International, please visit www.mackinternational.com.

In this conversation, Alison Marckstadt shares her journey into family wealth management, highlighting the importance of understanding the dynamics of wealth, family engagement, and the need for education in managing family assets. She discusses the evolving structures of family offices and the role of third-party advisors in bridging gaps in knowledge and communication. The conversation emphasizes the significance of preparing the next generation for wealth management and the changing landscape of wealth transfer.To learn more about Mack International, please visit www.mackinternational.com.

In today's conversation, Ken Polk discusses the motivations behind his book and the importance of spiritual capital in family dynamics. He emphasizes the need for collective purpose within families and introduces the concept of Followship, which focuses on helping family members fulfill their dreams. Ken outlines the three laws of family legacy—legacy, longevity, and lineage—and provides practical applications for families to navigate their wealth and values. He highlights the significance of intentionality in family business succession and the role of family meetings in fostering communication and planning for the future.To learn more about Mack International, please visit www.mackinternational.com.

In this episode, panelists discuss the implications of the Corporate Transparency Act on family offices, the evolving landscape of insurance and risk management, and the current state of private equity investments. The conversation delves into the complexities of the current fundraising environment, highlighting the challenges faced by fund managers and family offices. It discusses the emergence of new investment vehicles like evergreen funds, the liquidity crisis in private equity, and the importance of due diligence. The speakers also explore the evolving strategies of family offices, the growing interest in secondary markets, and the shifting landscape of London as a financial hub.To learn more about Mack International, please visit www.mackinternational.com.

In this conversation, Dr. Brian Dooreck discusses the concept of Executive Health Navigation, a tailored healthcare advocacy service designed for ultra-high-net-worth individuals and families. He emphasizes the complexities and inefficiencies of the current healthcare system. Dr. Dooreck shares insights on crisis management, preventive care, and the importance of having an advocate in navigating healthcare. He also addresses the limitations of concierge medicine and outlines the business model of his service, focusing on trust and personalized care rather than scalability.To learn more about Mack International, please visit www.mackinternational.com.

In this discussion, Catherine Fankhauser, EY's practice leader for family office advisory services, shares her insights on the critical role of technology in family offices. She emphasizes the need for understanding internal priorities and the importance of effective reporting. Catherine also highlights the transformative potential of AI and data analytics. Additionally, she discusses the significance of selecting the right technology vendors and overcoming integration challenges, advocating for strategic hiring to optimize operations in a rapidly changing landscape.