FOXcast

We sit down with Susan Colpitts, one of the founders of Signature Family Wealth Advisors and Signature's Chief of Client Experience. She talks about approaching estate planning in a way that alleviates anxiety and seriousness through planning. She also presents a refreshingly unique strategy around philanthropy.

In this episode we sit down with Ruth Easterling, Managing Director of Member Services at FOX. Ruth, an expert in the development of private trust companies, discusses the impact of language on the trustee/beneficiary relationship. She also gets into the importance of having a strong family culture, transparency in the distribution process, and other best-practices related to establishing trusts.

Mindy Earley, Chief Learning Officer at Family Office Exchange describes her experience—working in higher education, then with large and small family offices, and now with a network of family offices. She is known for creating learning programs for families and the rising generation that will help them navigate the unique world of family enterprises. She is inspired by helping people the way that they will make personal and productive contributions.

Bob Jordan, well known Chicagoan and FOX Advisor Member, joins FOXCast to talk about how important it is to record and preserve your family's story. He is a journalist, author, retired news anchor for WGN, and he owns the production company Jordan & Jordan. His company is devoted to the creation of video biographies for legacy families and is the premier company for preserving family histories. 

We check in with David Toth, Managing Director at FOX about his recently-published study, Transformation of the Ultra Wealth Business.

How is the Ultra Wealth Industry Transforming?

David Toth: It’s pretty remarkable. I guess there’s just a point in time where we found it was time to declare that it is transforming. And perhaps it has been all along.

The point in time, for us, is tied to the great wealth transfer that we’ve talked about. And we’ve heard numbers all over the place—e.g. $40 trillion—whatever it may be. We just know that it’s massive and we know, demographically, it’s going to begin. So, if you’re an advisor today and you see this coming, you think, “well that’s a terrific opportunity.” What’s the business of the future that we need to build around this? Because it’s not going away. It’s not a one-time event. The stretch of time of this “great transference of wealth” is at least a decade, if not more.