Purpose of Wealth

In this episode of The Purpose of Wealth, renowned family wealth consultant, educator and psychologist Dr. Jim Grubman sits down with host Narelle Hooper to dismantle the fear-based narratives surrounding intergenerational wealth transfer. Dr. Grubman, co-author of Wealth 3.0, offers a refreshing, positive-psychology-based approach to family wealth. We’ll tackle a longtime trope, ring the Dr...

We know family offices are unique and idiosyncratic. But what about the people that run them?  In this episode of Purpose of Wealth, host Narelle Hooper chats with Tammy Hurst , director at Mutual Trust in Adelaide. Tammy has a surprising career journey that stretches from accounting and law, to the Royal Navy, to starting and running a single-family office (SFO) from scratch.  Tammy sha...

In Episode 24 Family Stories: the Heart of Legacy, host Narelle Hooper spoke to historian Dr Stella Barber about documenting the story of your family, and why it’s so important to family legacy for future generations. In this episode, Narelle returns to the topic with journalist Damon Kitney , who has intimate experience telling the stories of the challenges and triumphs behind some of Austr...

In this episode of the Purpose of Wealth, we dive into the critical asset that keeps the world of intergenerational wealth management running - human capital. Family offices are unique, idiosyncratic organisations competing with private equity and venture capital in the war for top talent. So how do you find, attract, and retain the trusted advisors with the right skills and capabilities for the l...

What does it really take to be a purpose-led organisation?​ And how do you make it live, breathe, and last?  In this episode of  Purpose of Wealth , host Narelle Hooper sits with CEO and Managing Partner of Mutual Trust, Phil Harkness and  Tracy Conlan , Partner, and Head of Strategy at Mutual Trust.  They explore how authentic purpose, when embedded in strategy, culture, opera...

Have you ever stopped to think about the legacy you’ll leave behind? For entrepreneurial families, legacy is about far more than financial success. It’s about the story behind the wealth. The risks taken, the turning points, the values that guided each decision, and the purpose that cements it all together. Documenting your family history brings your stories to life, preserving not jus...

What if our biggest planetary problems weren’t just massive risks, but once-in-a-lifetime investment opportunities? Enter the world of private venture investment, entree to some fascinating partnerships that are providing early stage backing for a new generation of companies poised for transformative growth. From plastic-munching enzymes to breakthrough deep tech, Gabrielle Munzer , Partner...

So often in our busy lives health comes second. But when we ask our guests what matters most at the end of each podcast episode, health is one of the top responses.  And two fundamental contributors to health - what goes on in your guts and in your lungs - remain a mystery to most of us. In this episode host Narelle Hooper gets the goods on guts and lungs from two global specialists from Vict...

When you think about big life events for your family wealth and business, where does tax rate on the list? It might not be at the top, but it needs to be up there. If not, there’s the risk of losing a big chunk of family capital, and potentially making the kids and grandkids grumpy.  In this episode, host  Narelle Hooper  chats with Mutual Trust's George Psarrakos , who has ad...

How great is the feeling when you have a win? According to our guest in this episode of the Purpose of Wealth, it's not just about personal triumph, but about dreaming big, teamwork, discipline, and goal setting. Host  Narelle Hooper chats with Peter Antonie OAM, the greatest all-rounder in the history of Aussie rowing. The Olympic gold medallist is also a Partner at Mutual Trust, and has bee...

What do you think makes for success in a relationship? Trust, respect, communication, commitment, compromise - they all sound great on paper. But what about when it comes to trusting your wealth and private family interests in the hands of an advisor? In this episode, host  Narelle Hooper jumps on board a 27-year-old partnership to chat with John Calvert-Jones, the sage of family office SeaFi...

What does it take for you and your family to feel safe and secure? If you think about Maslow’s hierarchy of needs, right after food, water, and shelter, comes safety. And sure, high walls, cameras, even a loyal dog might help. But what about the risks you can’t see - the threats you can’t predict or control? In this episode, host Narelle Hooper  chats with a former...

What’s the most powerful document a family can have? What’s the most powerful document a family can have? Most of us would think it's your will - but there’s another important document that can shape your family’s legacy for generations, its a Family Constitution . In this episode, host  Narelle Hooper  sits down with  Nicola Michell , a sixth-generation fami...

How can you and your family stay grounded amidst great wealth? The answer might just lie in purposeful giving. In this episode, host Narelle Hooper chats with Rupert Myer AO and Alice Walter , Partner and Head of Philanthropy at Mutual Trust, about the power of purposeful giving through an intergenerational lens, and how even though it may sound serious, it can be a vibrant and fulfilling journey,...

How generous are you feeling? Philanthropy is a growing feature of family wealth portfolios, and frankly, in a world where there seems no shortage of problems to be solved, it’s a force that needs unleashing.     In this episode Narelle Hooper sits down with Peter Yates AM and Ralf Haase to explore why thinking like an investor is a useful tool in the quest for impact, an...

The dynamics around family wealth are changing, and there’s a bold new force emerging in the great intergenerational wealth transfer.  In episode six, Joline Godfrey dropped some clues of what’s coming. She said “we see women at the table and women who are deploying very large amounts of money, and we see them doing it in very thoughtful, sometimes very provocative ways, but...

When you think about family wealth down the generations, how do you know when it’s time to call time on the structures that have underpinned the family business, who controls the money, and who makes the decisions?  And when it comes to the crunch… what matters most - freedom, or control?  In this episode, host Narelle Hooper speaks with Peter Michell, a director of Michell...

In this episode, we confront the complexities of new love and the family, and what can happen when a clash of ideals turns a love match into a battle for control.  Our guest, Coventry Edwards-Pitt says we need to flip our thinking.  Covie is Chief Creative Officer & Founder and Director of The Center for Family Well-being at Ballentine Partners in Boston and has spent 25 years in the...

In this episode, host Narelle Hooper grabs a beer with Bob and Nicola Mac Smith at their pub in Cargo, New South Wales for a lively chat about farming, family, and forward-thinking. As fifth-generation farmers, now with the sixth generation, Sam, Jock, and Tom, stepping up - they know firsthand the ups and downs of life on the land. But instead of betting everything on farming’s unpredictabl...

How often do you think about tax?  You might think about tax planning and tax effectiveness, but what about the role it plays in our day-to-day life? In this episode of Purpose of Wealth , we sit down with tax expert Kerri Reynolds, Partner at Mutual Trust in Adelaide, to help us navigate a smart approach to tax planning throughout life so that you don’t let the tax tail wag the dog.  Want to know...

How do you invest for multiple generations so you set your family up for success? Turns out there’s a fair bit of science, a sprinkling of art, and it’s pretty good to have nerves of steel too. In this episode we find out how to grow financial capital sustainably to provide for the needs of current and future generations you may not even have met yet.  Jono Gourlay , Head of Wealth at Mutual Trust...

Great wealth casts a long shadow for those who have it. You might not think so, but for those who have it, great wealth casts a looonnng shadow. Society heaps praise on the wealth creators, but the inheritors are often seen as people who “got lucky” by birth. This next generation frets it’s selfish and privileged to talk about their struggles.  In this episode, we meet someone who knows just what...

Imagine this. You’ve spent your childhood growing up in a family business - the whole family lives and breathes it. Then one day the driving force behind the business - your Dad - suddenly gets ill. Seriously ill. What happens next?  In this episode of Purpose of Wealth, we take a trip to the pharmacy and chat with second-gen entrepreneur Simon Reynolds , co-founder of the national network the Pha...

Have you ever thought about why you think about money the way you do? In this episode of Purpose of Wealth, we explore how early money messages shape us, how understanding them is a vital step to clarity about what matters most, and how family members can be empowered by early financial education, as host Narelle Hooper speaks with Joline Godfrey , Financial Education Innovator and Wealth Consulta...

You’ve invested blood, sweat, tears and hard earned cash into your business. But as much as things might be going OK,  you never know what’s around the corner. “Nothing is certain except death and taxes”   Benjamin Franklin once said. In modern life, turns out there’s a multitude of other complicated twists you might also have to deal with - all the D words - Divorce, Defactos, Family Dynamics, Co...