Podcast
Wealth of Wisdom
Hosted by Tom McCullough · EN
Welcome to the Wealth of Wisdom podcast with your hosts Tom McCullough and Keith Whitaker. This podcast is an audio companion to the book, 'Wealth of Wisdom: The Top 50 Questions Wealthy Families Ask' written by Tom and his co-author Keith Whitaker. The book features insights from more than 50 of the world's top thinkers and practitioners in the family wealth field and each podcast episode features an interview with a different contributor to the book.
10episodes
Episodes
Newest firstAll episodes
Assessing Your Family's Financial and Family Management Needs
Jan 27, 202500:51:09Tap to summarizeIn this episode of the Wealth of Wisdom podcast series, Keith Whitaker speaks with Scott Hayman and Tom McCullough, co-founders of Northwood Family Office. Scott and Tom share the inspiring story of how Northwood was founded and how the company has evolved over the last two decades. At the heart of this episode is an in-depth discussion of Northwood's Family Self-Assessment Tool, featured in Wealth of Wisdom. Tom and Scott explain how this 52-question framework helps families identify strengths and gaps in areas such as investments, estate and tax planning, family education, and succession planning. They also share valuable insights on how couples and families can use the tool to foster dialogue, gain clarity, and improve the probability of meeting their long-term goals.
Transcribe →Enhancing Family Wealth Conversations
Jan 14, 202500:57:16Tap to summarizeIn this episode of the Wealth of Wisdom podcast series, Tom McCullough interviews co-author Keith Whitaker of Wise Counsel Research. Tom and Keith reflect on their collaborative journey, the impact of their books, and the importance of practical tools for family legacy planning. Keith delves into the qualitative aspects of wealth, emphasizing "family capital" across five key dimensions: human, legacy, relational, structural, and social capital. He also provides insights into communication strategies that foster stronger family dynamics and the importance of establishing ground rules for family meetings. With real-world examples, including methods for addressing sensitive topics like prenuptial agreements, this conversation sheds light on the nuances of meaningful family discussions.
Transcribe →Achieving New Insights and Possibilities through Generative Dialogue
Nov 4, 202400:49:32Tap to summarizeIn this episode, Michelle Osry discusses how she used Otto Scharmer's Generative Dialogue framework to help a stuck family improve their communication. The framework includes four conversational fields, from Politeness to Flow, each representing a different level of conversation depth. By applying this framework, families can navigate difficult conversations and achieve a state of flow where new possibilities emerge, fostering lasting success across generations.
Transcribe →Learning From Your Money History and Writing a New Story
Aug 12, 202400:42:16Tap to summarizeIn this insightful chapter of the Wealth of Wisdom podcast, Jill Shipley delves into the impact of our money history on our current financial behaviors and attitudes. She emphasizes the importance of reflecting on the messages and experiences we encountered growing up, which often unconsciously shape our relationship with wealth. By engaging in personal reflection and guided conversations, we can uncover and transform our money narratives, fostering a healthier and more intentional approach to wealth.
Transcribe →How Powerful Are Your Questions?
Jul 30, 202400:55:58Tap to summarizeIn this episode, Tom McCullough, and Ian McDermott explore the incredible power of questions and how they shape our thinking and conversations. Ian illustrates the profound impact of framing questions differently so they will trigger positive internal searches in the brain. This can offer valuable insights for families and advisors alike in fostering effective communication and problem-solving.
Transcribe →Helping Families Move Up the Philanthropic Curve
Jul 16, 202400:39:51Tap to summarizeIn this podcast episode, Leslie Pine explores the world of family philanthropy and introduces the TPI Philanthropic Curve, a tool to assess philanthropic journeys. She outlines the six levels of the curve, emphasizing the importance of strategic giving, impact measurement and collaboration, and inspiring families to reflect on their philanthropic aspirations and potential for positive change.
Transcribe →Is Your Infrastructure Resilient?
Jun 11, 202400:48:12Tap to summarizeIn this episode, Natasha Pearl highlights the importance of personal and administrative infrastructure for wealthy individuals and their advisors. Using the example of "Mr. Bluebird," she illustrates how a lack of infrastructure can lead to financial and personal challenges. Natasha provides a seven-step plan to help identify and address infrastructure deficiencies, emphasizing the value of resilient infrastructure in wealth preservation and quality of life.
Transcribe →Developing a Family Wealth Education Plan
May 31, 202400:39:31Tap to summarizeIn this episode, we delve into Dr. Kirby Rosplock's insights on developing a family wealth education plan, highlighting the journey from financial parenting to engaging adult family members with innovative learning strategies. Discover the transformative approach to preparing generations for wealth stewardship, ensuring the sustainability and growth of family legacies through tailored educational frameworks.
Transcribe →Finding an Advisor Who Will Help Your Family Thrive for Generations
Apr 24, 202400:41:45Tap to summarizeIn 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.
Transcribe →Democratizing Family Decision-Making
Apr 3, 202400:42:58Tap to summarizeIn this engaging podcast episode, co-host Keith Whitaker and Barbara Hauser explore the concept of democratizing family decision-making to avoid conflicts and foster fairness within families. Drawing on her extensive experience, they discuss the importance of transparency, accountability, and participation as key principles for successful family governance, sharing real-life examples of how these principles transformed family dynamics and decision-making processes.
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