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Wealth of Wisdom

The Top 50 Questions Wealthy Families Ask

TOM McCULLOUGH | KEITH WHITAKER

Wealth of Wisdom offers essential guidance and tools to help high net worth families successfully manage significant wealth.

By compiling the 50 most common questions wealthy families ask, this book provides a compendium of knowledge from experts around the globe and across disciplines.

The deep insights and thoughtful answers in the book will help you make more informed decisions about your financial legacy. The advice and practical tools will help you get organized, develop a strategy and take real control of your family's wealth. And the many examples, stories and case studies will show you how other families have handled the very dilemmas you may be facing today.

Managing significant family wealth is a complex affair, and successfully navigating the route involves making critical decisions. This book equips you to take positive action, be proactive and make the tough decisions to protect and grow your family's wealth.

  • Ensure your family’s financial success and legacy
  • Access insights and examples from leading experts
  • Adopt the most useful tools and strategies for wealth and family management
  • Learn how other families have successfully navigated common dilemmas

When your family's wealth is at stake, knowledge and sound advice is critical. Drawn from interactions with hundreds of wealthy individuals and their advisors, Wealth of Wisdom provides a definitive resource of practical solutions to the important questions of family and wealth from the best minds in the world.

Wealth of Wisdom Podcast view all episodes

EPISODE 31: Christian Stewart – What Are Practical Tools for Building Healthy Families?

What are tools to build healthy families? That’s the question that Keith Whitaker discusses with Christian Stewart in this podcast. Christian is a non-practicing solicitor in Hong Kong who consults with global families around family governance. Among other things, Christian describes exercises he uses with families around managing difficult conversations and expressing gratitude. He also talks about how advisors can develop a comfort level in deploying these tools with their families.

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EPISODE 30: Bob Maynard – Does Investing Have to Be Complicated?

In world where it is pretty much assumed you need a specialized and complex strategy to be a sophisticated investor, Robert Maynard argues that a simple, transparent and focused approach is a viable and successful alternative. He runs the $17 billion Public Employee Retirement fund for the state of Idaho and practices what he preaches. In this interview, Bob talks about the three ways to make money, the importance of understanding your goals, and the role of active management, among many other fascinating topics.

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EPISODE 29: Hartley Goldstone – How Do You Choose a Good Trustee?

In common law countries, a very large proportion of wealth will be held in trusts by the third generation. As such, finding and retaining good trustees will be increasingly important. Yet, somehow, family trusts often preserve a family’s financial assets, yet fail to preserve either family or trust. Hartley Goldstone, a trained lawyer and an experienced consultant to trusts and trustees, talks about how families can source great trustees and how trustees can ensure they fulfill their important responsibilities. He also shares the results of his substantial research and interviews with beneficiaries and trustees on what works most effectively and does the most good.

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About the Authors

Tom McCullough

Tom McCullough is Chairman and CEO of Northwood Family Office, a leading global multifamily office based in Toronto. He has spent over 35 years in the wealth management/family office field, initially in senior executive roles with RBC Wealth Management. Tom co-founded Northwood Family Office in 2003 and it has become one of the leaders in its field.

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Keith Whitaker

Keith Whitaker is President of Wise Counsel Research. He has consulted for many years with leaders of enterprising families, helping them plan succession, develop next generation talent, and communicate around estate planning. With a background in education and philanthropy, he enables family leaders to better understand their values and goals as well as to have a positive impact on the world around them.

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