The Intersection of Wealth and Communication — And Why It Matters
In this episode, Brian C. Adams is joined by Emily Bouchard, head of PNC Private Bank Hawthorn's Institute for Family Success. They discuss topics involving blended families, multi-generational dynamics, family meetings, next-generation engagement, and resilience-building. Emily draws on over 20 years of experience coaching affluent families to provide insights and best practices around the intersection of wealth and communication.[00:00 - 08:50] - Emily's Background
Emily has a Master's in social work and specializes in family systems
Got into the field by working at a therapeutic camp and children's hospitals
Recruited by a family office services firm 20 years ago
[08:51 - 15:52] - Working with Blended Families
Blended families face complex step-family dynamics
Creating a "family code of arms" can help define values when together
Bringing people together and supporting each other through shared experience and challenges
Need an agenda but also a "cooler" for parking issues to address later
Address unexpected topics using a "yes and" approach.
A professional facilitator aids effective communication
[28:10 - 42:52] - Building Resilience and Engaging Next Gens
Rising generations tend to have higher emotional intelligence
Use curiosity, not judgment, when they share vulnerable perspectives
Give them responsibility matched with empathy and support
Key Quote:"When you have an agenda, you want to have an agenda ahead of time, and you want to look for input from everybody who's attending and give everybody a chance to put their input in." - Emily BouchardConnect with Emily Bouchard!Website: https://www.pnc.com/en/personal-banking/private-bank/hawthorn.htmlLinkedIn: https://www.linkedin.com/in/emily-bouchard-5a9a049/This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.
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Discover the tools and insights you need to successfully run your family office in today's modern age. Whether you're a first-generation wealth builder or a multigenerational wealth inheritor, we provide practical strategies for how to take control of your wealth journey, build a meaningful and purposeful life, and craft a lasting legacy for future generations. Join us every Tuesday as we engage in compelling discussions with some of the brightest family office leaders around the world.
This podcast is sponsored by Mack International, the premier boutique firm that specializes in providing retained executive search and strategic human capital consulting solutions. To learn more about the firm, please visit mackinternational.com.