EXCELSIOR CAPITAL PRESENTS

The Great Wealth Transfer: Strategic Planning, Family Values & Emerging Decision Makers

Tom Geddes and Alice Paik join the Capital Club Podcast to discuss their work at Brown Advisory, a financial advisory firm with an institutional and private client business.

Podcast: The Great Wealth Transfer – Strategic Planning, Family Values & Emerging Decision Makers

Tom Geddes and Alice Paik join the Capital Club Podcast to discuss their work at Brown Advisory, a financial advisory firm with an institutional and private client business. Learn how the firm values clients, offers a scale of assets and investment strategies, and how complexity can change the calculus for setting up a true single-family office. Discover how families need the right mix of critical people to pull all the pieces together and attract and retain the best talent.

Key Highlights

[00:01 – 06:55] Opening Segment

  • Introducing Tom Geddes and Alice Paik
  • Brown Advisory is a private, independent firm with clients across all 50 states and in other countries
  • The importance of having a warm and engaging client-first mentality

[06:59 – 13:30] What Families Need to Know in 2023

  • The threshold for setting up a single-family office has grown in recent years
  • Multi-family offices are often used as a marketing term without fully understanding it
  • Advice and service are two other vital components for families

[14:31 – 20:07] Exploring NextGen Education and ESG Investing for a Smooth Transition

  • The importance of raising responsible decision-makers
  • Helping families understand what wealth means to them and their impact
  • Educating kids/grandkids about the responsibility that comes with wealth

[20:08 – 28:49] Investing and Philanthropy Come Together for Families

  • Reminding the senior generation to let go of their control in small, incremental steps
  • ESG sustainability is a core competency at the farm and is seen as an investment approach that can drive a competitive advantage
  • Endowments and foundations business growing with families are often involved with these organizations

[28:40 – 32:26] Investing in Prosocial Ways to Align with Mission Goals

  • 5% of endowment resources are being used for prosocial and mission-aligned investments
  • Combinations, acquisitions, and expansions are all tied back to the core mission of the firm

[32:27 – 35:19] Closing Segment

  • Connect with Tom and Alice through the links below
  • A daily practice that helps bring peace to your life

Additional Links:

Connect with Tom and Alice: www.BrownAdvisory.com 

Brian’s Linkedin: https://www.linkedin.com/in/brian-c-adams/

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