Let's Talk Family Enterprise

In this insightful discussion, guest Kristin Keffeler, a thought leader in Wealth 3.0 and author of The Myth of the Silver Spoon, delves into the misconceptions surrounding inherited wealth and identity. She highlights the struggle for fulfillment among those from affluent backgrounds and emphasizes the importance of personal growth. Kristin also discusses the 'clutter' that hampers familial connections and the value of positive psychology in navigating the complexities of wealth. Advisors play a key role in fostering meaningful legacies and empowering families.

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 family 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 Coventry Edwards-Pitt about her third book, Engaged Healthy, Wealthy & Wise, which tells the true stories of wealth inheritors and their significant others, and how they navigated the situations surrounding the prenuptial agreements they were asked to sign by the family's well-meaning advisors. Guest bio Coventry Edwards-Pitt As a Partner and the Chief Creative Officer at Ballentine Partners, Covie is responsible for thought leadership for the firm and ensuring that the firm brings novel thinking to our clients. She specializes in helping her clients manage their wealth's impact and ensure that their comprehensive wealth management strategy reflects their families' values and goals. You can learn more about Coventry Edwards-Pitt on LinkedIn and the Ballantine Partners website. Key Takeaways [0:26] Steve Legler introduces today's guest, Coventry Edwards-Pitt, and invites her to share a little bit about her third book, Engaged Healthy, Wealthy & Wise. [1:46] Covie frames her latest book in the broader context of the first two: Healthy, Wealthy & Wise and Raised Healthy, Wealthy & Wise. [3:48] Flipping the usual engagement-related questions on their heads! [6:04] Covie talks about the pain she heard in the book interviews that led her to see what is broken in the way families of wealth and their advisors tackle the question of engagement and marriage. [8:25] No one ever really broaches the subject of that process, sharing these stories is a way of alleviating the emotional burden while trying to find a better way. [10:50] The David and Goliath issue facing young couples beyond losing their sense of agency, loyalty, equality, and unity with each other. [12:36] Covie shares a story that she calls the gold standard. [14:10] Covie explains the history of the prenup and how it's evolved over time. [16:22] If the strong majority of couples are made up of one inheritor and one not, how can we build a better prenup process so as not to generate discord in young couples? [17:23] It isn't about if to prenup, it's about how. Coie speaks to how an advisor's role could be modified to better tackle the "how" of prenups. [19:45] Covie shares best practices and talks about sibling relationships and how they might present particular challenges when it comes to prenups. [23:12] Agency and autonomy is a new generation goal, Covie shares an example. [25:20] Covie shares her thoughts on how advisors can better support their families. [30:28] Covie shares her reading recommendation as well as her advice for advisors. [35:00] Steve thanks Coventry Edwards-Pitt for sharing so much of what she learned and signs off until next month. If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast apps. Please remember to share this episode with family, friends, and colleagues. 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. Engaged Healthy, Wealthy & Wise: Lessons from inheritors and their significant others on how they have navigated love and family wealth and forged their own joint path, by Coventry Edwards-Pitt The Generous Prenup: How to Support Your Marriage and Avoid the Pitfalls, by Laurie Israel In Three Generations: A Story About Family, Wealth, and Beating the Odds, by Kristin Heaney More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

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 Regular hosts Ruth Steverlynck and Steve Legler discuss some of their favourite guests and topics from the 2022 episodes they each hosted. They once again share their greatest takeaways in the hopes of bringing back good memories and encouraging listeners to go check out episodes they may have missed along the way. Key Takeaways [0:26] Steve Legler and Ruth Steverlynck are both your host — and guests! — for this special end-of-year episode. [1:05] Steve welcomes Ruth to the podcast, they share how much they enjoy revisiting episodes and highlighting some of the more salient moments of 2022. [2:38] Steve shares his take on the most recent episode "The Quest for Legitimacy" with Dr. Weiner. [6:13] Ruth talks about what she took away from the episode with Dr. Weiner and how she has adapted her practice. [7:07] Steve asks Ruth to share her highlights on the episode with Amy Hart Klyne and talks about the secret sauce and how to best use Amy's book. [10:29] Steve and Ruth each share how Amy's advice should be part of all advisory work. [12:07] "Family Champions and Champion Families" with Joshua Nacht was a memorable episode also; Ruth shares how this discussion on continuity had an impact on her. [14:44] Steve talks about how Joshua's research unfolded and how this one unpaid, unnamed role came to light. [17:00] "Inheritance Styles, a Roadmap For Rising Generations" with Robin Catlin brought to light a category of inheritor type Steve wasn't aware of before. [17:40] Ruth explains what PPI and FFI are and shares how the extremely useful Robin Catlin episode shifted how she approaches her work with inheritors. [23:30] Eighty-eight contributors participated in Peter Jaskiewicz's book. The episode "Enabling Next Generation Legacies" distilled their perspectives. [26:40] Ruth shares her surprise at how "uncomfortable" some of the rising gen questions can be as well as how surprised and delighted she was with Peter's book recommendation. [29:06] Ruth shares that relistening to "Balancing Leadership at Home and at Work" with Deena Chochinov kind of made her realise how much of a Deena fangirl she is! [31:48] Steve shares the note he put in bold from this episode and why he thinks every advisor needs to do the same. [33:14] People need to be heard, and leading with relationship will get you further than your expertise ever could. [34:42] Ruth closes out the episode by giving a shout-out to the unsung hero of the podcast, Christopher Rogers! As well as the upcoming FEC symposiums in May 2023. [36:10] Steve and Ruth share their reading recommendations and sign off on 2022. If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast apps. Please remember to share this episode with family, friends, and colleagues. 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. "The Quest For Legitimacy" — Dr. Weiner "Portraits Of Pioneering Women Leading Wealthy Families" — Amy Hart Klyne "Family Champions and Champion Families" — Joshua Nacht "Inheritance Styles: A Road Map for the Rising Generation" — Robin Catlin "Enabling Next Generation Legacies" — Peter Jaskiewicz "Balancing Leadership at Home and Work" — Deena Chochinov Family Business Symposium 2023 Ruth and Steve's reading recommendations: The 6 Types of Working Genius: A Better Way to Understand Your Gifts, Your Frustrations, and Your Team, by Patrick M. Lencioni Making Questions Work: A Guide to How and What to Ask for Facilitators, Consultants, Managers, Coaches, and Educators, by Dorothy Strachan More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

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 Dr. Jamie Weiner, author of the recent book, The Quest for Legitimacy: How Children of Prominent Families Discover Their Unique Place in the World. They discuss the challenges faced by rising generation members of enterprising families and how we as FEAs can better support our family clients by shedding light on these challenges, which are often invisible to their parents. Guest bio Dr. Jamie Weiner Dr. Weiner is a clinical psychologist with over 40 years of experience. In addition to his work with individuals and families, he successfully designed structured programs and systems to address the broad range of challenges people face and is credited with delivering over 100 lectures and workshops. He also has a Certificate in Family Business Advising and Family Wealth Advising from the Family Firm Institute and is the co-author of The Legacy Conversation: the missing gem in wealth planning. You can find out more about Dr. Jamie Weiner on LinkedIn and the Inheriting Wisdom website. Key Takeaways [:26] Steve Legler, your host for this episode, welcomes Dr. Jamie Weiner and asks him to share a little bit about how he started working on the idea of legitimacy. [5:17] Dr. Weiner shares how the interview process for his most recent book went and how his reputation enabled a long list of warm introductions. [6:55] From a bunch of interviews to a university research project, Dr. Weiner shares how he met Frank Barbera in an elevator. [8:00] An econ-sociological analysis of the data uncovered a four-phase journey — or Quest — that is universal to all rising gen members: awareness, tug-of-war, exploration, and taking ownership of your life. [10:59] The non-linear nature of the phases, as explained by Dr. Weiner. [12:51] How can advisors use the information in the book to better reach the rising gen? Dr. Weiner shares the two things the "now" generation doesn't understand. [16:33] Dr. Weiner shares a butterfly story as an allegory for harming while trying to help. [18:43] Affluenza as a damaging concept. [22:29] The true stories that populate the book find a way to speak to everyone, even J. Hughes! [26:00] Creating opportunities to have discussions is a critical part of the advisory service — courage also! [29:10] Dr. Jamie shares his book recommendation as well as his advice for advisors. [30:58] Steve thanks Dr. Jamie Weiner for coming on the show to share so much insight with the audience. If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast app. Please remember to share this episode with family, friends, and colleagues.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. Inheriting Wisdom The Quest For Legitimacy: How Children of Prominent Families Discover Their Unique Place in the World, by Jamie Weiner Reading recommendations: Man's Search For Meaning, by Viktor E. Frankl More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

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 Professor Peter Jaskiewicz about the book, Enabling Next Generation Legacies: 35 Questions that Next Generation Members in Enterprising Families Ask. They discuss the fact that the rising generation in many family enterprises gets neglected for too long, even though they are the ones who are the key to sustaining the family's legacy. They also talk about ways that FEAs can use the book when working with family clients to help initiate important family discussions. Guest bio Peter Jaskiewicz Professor Peter Jaskiewicz is the University Research Chair in Enduring Entrepreneurship at the Telfer School of Management at the University of Ottawa. He conducts quantitative and qualitative research on entrepreneurship and family business. His current research focuses on antecedents of transgenerational entrepreneurship and corporate reputation in family and founder firms. He is also an Advisory Board member at Venture for Canada. You can find out more about Peter on the Telfer School of Management at the University of Ottawa website and follow him on Twitter @peterjask. Key Takeaways [0:26] Steve Legler, your host for this episode, welcomes Peter Jaskiewicz and asks him to share a little bit about how he constructed his latest book. [4:08] Peter shares what four categories came to the fore when organizing the questions next-generation members had submitted for the book. [7:30] From 35 questions to more than 35 answers, Peter shares the process of getting academics and Laypeople to participate in the book. [9:58] Peter explains how this book can best be used by advisors and why it helps to normalize questions. [16:05] The independent third party is one way of introducing and tackling tough subjects, Peter shares an anonymous example. [19:44] Peter speaks on what legacy means and how his work touches on the relationships between founders and next generations and the process of rejuvenation. [23:49] Peter touches on the primary focus of the Family Enterprise Legacy Institute. [26:00] The feedback for the book is threefold. Peter explains how endorsements drive positive results. He shares what question from the book he found most interesting. [30:24] Peter shares his book recommendations as well as his one piece of advice from an advisor to other advisors. [33:30] Steve thanks Peter for coming on the show to share so much of his expertise with the audience. If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast app. Please remember to share this episode with family, friends, and colleagues. 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. Enabling Next Generation Legacies: 35 Questions that Next Generation Members in Enterprising Families Ask, by Peter Jaskiewicz and Sabine Rau Family Enterprise Legacy Institute Peter's reading recommendations: Hector and the Search for Happiness, by François Lelord More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

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 Ruth Steverlynck sits down with Deena Chochinov to talk about her new book, Home Work How to be a Leader in the Boardroom and the Living Room. Deena shares insights and tools from her work that are particularly relevant to advisors working with family enterprises. Guest bio Deena Chochinov is a Registered Clinical Counsellor with a private practice in Vancouver since 2000. She has a Master's in Counselling Psychology from the University of Manitoba and a Post-Master's in Family Therapy from the University of Pennsylvania and the Philadelphia Child Guidance Clinic. Deena is also a Family Enterprise Advisor, certified by the Institute of Family Enterprise Advisors, and a member of the BC-OD Network. You can find out more about Deena on her website. Key Takeaways [:26] Ruth Steverlynck welcomes Deena Chochinov and asks her to share a little about herself, even though she may need no introduction for most listeners! [2:34] Deena shares how she decided to write the book HomeWork, despite already wearing three different hats, why add a fourth? [4:25] What Deena has learned as a systems practitioner in family enterprise advising that she found imperative to share: a unifying antidote to divided business and personal identities. [8:45] Integrated and whole leadership is a two-part subject to understand and master, Deena explains the "how" and the "what." [11:58] Leadership qualities Deena has identified to be essential over her 30-year career, through the lens of family advising. [14:25] The "what" of leadership is well exemplified by a case study as shared by Deena in her book. [16:31] Personal work and introspection can be scary, Deena explains why it is critical when working with families that have to navigate business and personal so intimately. [21:16] Why is Deena sharing all of her secret tools and tips? [23:24] We're all in the relationship business. Deena touches on what this means to her as a family enterprise advisor. [26:21] Where to get Deena's book! [27:13] Deena shares her book recommendations as well as her one piece of advice from an advisor to other advisors. [32:25] Ruth thanks Deena for coming on the show to share her insight and wisdom with the audience. If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast app. Please remember to share this episode with family, friends, and colleagues.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. HomeWork: How to Be a Leader in the Boardroom and the Living Room, by Deena Chochinov Deena's reading recommendations: High Conflict: Why We Get Trapped and How We Get Out, by Amanda Ripley More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

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 Daniel Trimarchi from KPMG about the STEP Project Global Consortium and their recent report, The Regenerative Power of Family Businesses, which highlights the staying power of family enterprises and reveals the factors behind their lasting competitive advantage. Guest bio Daniel Trimarchi is the Director, Family Business Advisory Services as well as the Director of KPMG Enterprise Global Centre of Excellence for Family in Canada. He specialises in family governance and succession planning with business families of various sizes and complexities. Daniel has over 10 years of experience working in Canada, the UK, and Australia, providing consulting services, business strategy, and compliance services to the family business and family office market. You can find out more about Daniel on the KPMG website. Key Takeaways [:26] Steve Legler is your host for this episode and welcomes Daniel Trimarchi and asks him to talk a little bit about the STEP project background before diving into the results of its most recent study. [5:15] Daniel shares a little bit about the true breadth of this multi-country, multi-university study. [7:01] The results were handled by KPMG so as to incorporate perspectives from the enterprising families, a secondary stage that lent depth to the results that followed. [10:06] Daniel talks about how the team derived a formula for performance output with entrepreneurship as its first factor. [13:49] The second part of the formula speaks to the importance of family control and influence; Daniel talks about the recently popularized concept of socio-emotional wealth. [15:13] Daniel breaks down the performance types and the broad set of components they can fit into. He also explains how each factor would impact each type of performance in a 2x2 matrix. [21:13] How does this all impact FEAs and advisors and how can they use the results of this study practically? Daniel talks about how the report has been used already as well as his own experience. [25:57] The report included a Canada-specific analysis; Daniel shares a little bit on the specifics of this. [28:04] Daniel shares his book recommendations as well as his one piece of advice from an advisor to other advisors. [31:30] Steve thanks Daniel for coming on the show to share his expertise with the audience. If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast app. Please remember to share this episode with family, friends, and colleagues.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. STEP Project Global Consortium STEP report: The Regenerative Power of Family Businesses: Transgenerational Entrepreneurship Daniel's reading recommendations: Interdependent Wealth: How Family Systems Theory Illuminates Successful Intergenerational Wealth Transitions, by Steve Legler Perpetuating the Family Business: 50 Lessons Learned From Long Lasting, Successful Families in Business, by John Ward More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

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 Ruth Steverlynck sits down with Robin Catlin to discuss her white paper on the topic of different styles of inheritance and how advisors can enhance their understanding of the "experience of being an inheritor". This can help bring awareness and dialogue to a way of relating to financial wealth that is not traditionally earned. Guest bio Robin Catlin is a Managing Director at the Center for Family Wealth at Merrill Lynch where she helps families navigate the complexities of wealth over multiple generations. She is passionate about helping families thrive in the context of wealth, focusing on human capital and family culture in relation to their financial capital. You can find out more about Robin on her LinkedIn. Key Takeaways [:26] Ruth Steverlynck is your host for this episode and welcomes Robin Catlin and asks her to share a little bit about her background. [3:43] When it comes to wealth, there is a lot of negative talk about inheritors. Robin is the author of a whitepaper on inheritance style and she shares the impetus for writing it. [8:10] Robin shares a high-level overview of her paper before digging into the specifics. [12:13] The challenges of being an inheritor are largely ignored, Robin shares her thoughts on why that is. [15:29] Robin's paper challenges a widely held belief among advisors; she talks about what it means for the rising generation. [19:16] The title of the paper mentions inheritance style, three of them to be specific: Inheritors, Stewards, and Sojourners. Ruth had heard of the first two, but the last one was a surprise! [26:41] Ruth brings the conversation to the five stages of wealth integration: Awakening, Confusion, Perspective, Learning, and Adaptive Integration. Robin explains what each of them entails. [29:55] Robin explains how advisors can practically use the information in the whitepaper as well as a few more key takeaways. [34:16] Robin shares her reading recommendation and advice for advisors. [37:35] Ruth thanks Robin for coming on the show and sharing her insights and tips with listeners. If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast app. Please remember to share this episode with family, friends, and colleagues. 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. Robin's reading recommendations: The Cycle of the Gift: Family Wealth and Wisdom, co-authored by James E. Hughes Jr. Language and the Pursuit of Leadership Excellence: How Extraordinary Leaders Build Relationships, Shape Culture and Drive Breakthrough Results, co-authored by the Chalmers Brothers More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

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 Governance expert Matt Fullbrook speaks with host Steve Legler about the ways that family enterprises make decisions, whether informally or formally, and how there are so many ways that organizations can improve the ways that they set themselves up for success in an ever-changing world. Guest bio Matt Fullbrook is a board effectiveness researcher and consultant and is the manager of the David & Sharon Johnston Centre for Corporate Governance Innovation at the Rotman School of Management. Under his direction, the Rotman School has evolved into the central hub of governance research in Canada. As an independent consultant, Matt has advised dozens of boards of directors as an educator, facilitator, and researcher, helping them to maximize their effectiveness through the development and implementation of valuable governance processes, policies, and structures. You can find out more about Matt Fullbrook on LinkedIn. Key Takeaways [0:26] Steve Legler welcomes today's guest, Matt Fullbrook — Manager of the David & Sharon Johnston Centre for Corporate Governance Innovation at the Rotman School of Management — and asks him to share a little about how the idea behind his most recent interview came about: "To Make Boards Work Better, Look to Family Enterprises?" [1:45] Matt offers up his preferred definition of governance and highlights the words he specifically didn't use in that definition. He touches on the advantages of creative and innovative freedom family enterprises benefit from in that regard. [6:11] Counterprogramming is a tool Matt uses to give permission. He explains what this means as well as why sometimes exaggeration can work in your favor. [9:16] Matt touches on some of the challenges executives face when it comes to how decisions are made in their enterprises and it's got more to do with our workspaces and habits than we might think. [10:41] Either new generations are more flexible or they're being better prepared for leadership, Matt shares his thoughts on the new workforce when it comes to governance. [13:52] Matt speaks about the inclusion aspects of decision-making and the need to try many different configurations in order to optimize the inclusion of many different perspectives. [17:44] Matt's thoughts on the Chair and their role in inclusivity as well as the natural tendencies of people pushing their agenda or needing to have information pulled from them. [20:21] Setting up boards differently presents challenges because of the natural tendency of people to look for answers and conventions. Matt shares some of the ways he circumvents those in his own advisory practice. [25:27] In cases where the client is looking for a technical "right" answer and there isn't one, Matt offers that reframing the question might be the only solution. [27:54] Generic tools make Matt nervous! [29:40] Matt shares his advice for advisors and a book recommendation. [34:30] Steve thanks Matt for joining us and sharing his knowledge and perspective on governance. If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast apps. Please remember to share this episode with family, friends and colleagues. 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. To Make Boards Work Better, Look to Family Enterprises? Matt's reading recommendation: Thing Explainer: Complicated Stuff in Simple Words, by Randall Munroe More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

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 Ruth Steverlynck sits down with Amy Hart Clyne, co-author of Finding Her Voice And Creating A Legacy, to learn more about the genesis of this research and delve into the stories of these amazing women. Amongst what is shared are some key takeaways for advisors working with or seeking to work with women in family enterprises and women leading wealthy families. Guest bio Amy Hart Clyne, CFP® is Chief Knowledge & Learning Officer at Pitcairn. She has dedicated more than 30 years of her financial services career to helping prosperous families fulfill the promise and potential of their legacies and achieve wealth momentum. As an expert in private wealth management, Amy has spent her career translating the needs and desires of ultra-wealthy families and their advisors into practical insights and solutions-based experiences that educate, excite, and engage. Amy has an MBA in Marketing from Columbia Business School, Columbia University, and a BA in International Relations from Colgate University. She has earned the Certified Financial Planner™ (CFP®) designation as well as the Family Business Advisor certification from the Family Firm Institute. You can find out more about Amy Hart Clyne on her LinkedIn. Key Takeaways [0:26] Ruth Steverlynck welcomes today's guest, Amy Hart Clyne — Chief Knowledge and Learning Officer with Pitcairn in New York — and asks her to share a little bit about the genesis of her latest book: Finding Her Voice And Creating A Legacy. [4:59] Amy shares the methodology she and David Jaffe used to select the women to be interviewed in the context of the book. She also talks about some surprising findings they made along the way. [6:36] Amy talks about how the title is reflective of the two most important themes distilled from the interviews with these women of wealth both in the inherited and new wealth categories. [9:47] Roles and outdated stereotypes are beginning to fade in society at large, but Amy shares how this phenomenon is strangely slower to reach families of wealth. [12:08] Widowhood is rarely talked about, but Amy's book dedicates an entire chapter to the subject and its ramifications. She shares some specifics as well as a story that she heard from women of wealth on this quasi-taboo subject. [17:38] Amy shares two distinct stories from the book that illustrate the importance of relationship building. One woman called herself the force multiplier in a blended family and the other became the driving force in fostering unity in her family. [24:17] An entire chapter is dedicated to the role of advisors, Amy shares her perspective on how advisors can better serve women of wealth as well as some pitfalls to avoid. She also touches on what she means by legacy mindset when it comes to widowhood. [29:19] Amy shares her advice for advisors as well as her reading recommendations. [34:30] Ruth thanks Amy for joining us and sharing these nuggets from her research! If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts or any other podcast app. Please remember to share this episode with family, friends and colleagues. 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. Pitcairn Finding Her Voice and Creating a Legacy: Portraits of Pioneering Women Leading Wealthy Families, by Amy Hart Clyne and Dennis T. Jaffe Amy's reading recommendation: Think Again: The Power of Knowing What You don't Know, by Adam Grant More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn