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 advised some of Australia’s wealthiest families and businesses, foreign subsidiaries, and international investors on their tax and accounting decisions. George is a Tax Partner at Mutual Trust who leads the Tax Advisory function, and sits on the ATO’s Private Stewardship Group. 

He's also just released a white paper that lists nine things smart families should be thinking about when it comes to making tax-aware decisions for the future.

 Learn about them here as Narelle and George discuss important aspects of family tax that will help your family stay ahead. 

Want to know more about the ground-breaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au or email us at [email protected]

This podcast has been prepared in Australia by Mutual Trust Pty Ltd (ACN 004 285 330) (AFSL 234590). It is general information only and has been prepared without considering any particular person’s objectives, financial situation or needs. It does not constitute, and should not be relied upon as personal financial product, taxation or legal advice. Before making any investment decision you should read the relevant product disclosure statement or other disclosure document and obtain personal financial, taxation and legal advice. For more information about the financial services Mutual Trust provides, please contact us or visit our website, mutualtrust.com.au for a copy of our Financial Services Guide.

Purpose of Wealth is hosted by Narelle Hooper
Producer and editor is Samuel Phelps 
Executive producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.

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 been part of the wealth management team since coming on board nearly 20 years ago. Peter shares his lessons on what it takes to build a high-performance team, both on, and off the water. 

Want to know more about the ground-breaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au or email us at [email protected]

 

This podcast has been prepared in Australia by Mutual Trust Pty Ltd (ACN 004 285 330) (AFSL 234590). It is general information only and has been prepared without considering any particular person’s objectives, financial situation or needs. It does not constitute, and should not be relied upon as personal financial product, taxation or legal advice. Before making any investment decision you should read the relevant product disclosure statement or other disclosure document and obtain personal financial, taxation and legal advice. For more information about the financial services Mutual Trust provides, please contact us or visit our website, mutualtrust.com.au for a copy of our Financial Services Guide.

Purpose of Wealth is hosted by Narelle Hooper
Producer and editor is Samuel Phelps 
Executive producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.

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 SeaFirst Australia. John has been a dynamic force in business, philanthropy, sports, politics, and the arts for decades. By his side is Angela Rutherford, Partner, Family Office at Mutual Trust. In this rare opportunity, Narelle, Angela, and John discuss the ins and outs of setting up the family office, the move to Mutual Trust, and what's the secret to making a successful advisor partnership stick. 

Want to know more about the ground-breaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au or email us at [email protected]

Purpose of Wealth is hosted by Narelle Hooper
Producer and editor is Samuel Phelps
Executive producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.

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 ADF Special Operations leader, Peter Shanley. Pete is the Co-Founder and Executive Chairman of risk and protection advisory firm Accordant Global Partners. A long-time trusted advisor to Mutual Trust and the families they look after, Pete knows what it takes to stay safe when the stakes are sky-high - listen in to hear his insights on protecting what matters most.

Want to know more about the ground-breaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au or email us at [email protected]

Purpose of Wealth is hosted by Narelle Hooper
Producer and editor is Samuel Phelps
Executive producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.

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 family member and director of Michell Wool - Australia’s oldest wool exporter. A physiotherapist by trade and passionate advocate for family governance, Nicola explains why she once turned down a million-dollar offer for that document.

Joining the conversation is Jeff Steiner, Head of Family Office at Mutual Trust and a leading expert in crafting Australian family constitutions for nearly 20 years. Jeff also features in Episode 1 of Purpose of Wealth.

Want to know more about the groundbreaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au or email us at [email protected]

Purpose of Wealth is hosted by Narelle Hooper
Producer and editor is Samuel Phelps
Executive producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.

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, where unexpected impacts can leave the most lasting impressions. 

 

Want to know more about the ground breaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au or email us at [email protected]

Purpose of Wealth is hosted by Narelle Hooper
Producer and editor is Samuel Phelps
Executive producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.

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, and how philanthropy can be helpful as a learning exercise for every family member.

Want to know more about the ground breaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au or email us at [email protected]

Purpose of Wealth is hosted by Narelle Hooper
Producer and editor is Samuel Phelps
Executive producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.

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 it's like the head of the spear”. 

In this episode host Narelle Hooper sits down with someone who has been leading this charge for decades. A powerhouse advocate, entrepreneur, and champion for change, Carol Schwartz AO shares her thoughts on leadership, impact, entrepreneurship, and why Jane Fonda still rocks.  

Want to know more about the ground breaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au or email us at [email protected]

Purpose of Wealth is hosted by Narelle Hooper
Producer and editor is Samuel Phelps
Executive producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.

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 Wool, and a non-executive director of Mutual Trust, and Kirby Rosplock, founder of Family Office consultancy Tamarind Partners, and author of The Complete Family Office Handbook. Both Kirby and Peter have family enterprise connections that stretch back to the 19th century and a lifetime of lived experience through various family office model evolutions. Listen in as they share their insights, knowledge, and uncover the many possibilities that a Family Office can grow into. 

 

Want to know more about the groundbreaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au or email us at [email protected]

Purpose of Wealth is hosted by Narelle Hooper
Producer and editor is Samuel Phelps
Executive producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.

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 wealth advising industry. She’s the author of the Healthy, Wealthy & Wise Collection of books and after a decade's worth of research and conversations on success, what Covie has to say is provocative. 

Listen in to hear why considering human risk is as important as financial risk, the surprising benefits of a “mouth shut, mind open” attitude, and why sometimes you’ve just gotta pretend you like modern art for the greater good of the family. 

 

Want to know more about the groundbreaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au or email us at [email protected]

Purpose of Wealth is hosted by Narelle Hooper
Producer and editor is Samuel Phelps
Executive producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.