This is part two of my conversation with Winston Chesterfied, founder of Barton, a strategic consulting firm focused on wealth and the luxury sector – a bonus final episode of Season 5 of Serious Coin. We continue our conversation about the world’s wealthy individuals, their lifestyles and spending habits. In this episode we’re talking about the luxury sector. What is luxury when nothing – or almost nothing – is beyond your means? How do the wealthy define luxury today? What do brands need to do to satisfy their needs? And which brands are getting it right? Winston also explains why high-end restaurants turn down bookings as tables sit empty. https://barton-consulting.co.uk/ Serious Coin creator and host is Kelly Willis Green. Having spent a career as a marketing professional in wealth management and having come into affluence through marriage, Kelly brings both a personal and professional perspective to conversations about wealth – its complexities, privileges, opportunities and challenges. Visit our website and stream episodes here:  ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://podcasters.spotify.com/pod/show/serious-coin/episodes/Introducing-Serious-Coin-e1c8rmu I’ve heard from many listeners who have enjoyed the topics I’ve covered, and how they have prompted rich conversations in your own lives. It’s my goal to continue with Season 6 and beyond. As you know with podcasts, listener support is essential. So please, if you’re enjoying the content, would you be kind enough to take a moment to give us a five-star rating, a review and share it within your own networks. It would mean a lot. Thanks again for listening to Serious Coin.

Let’s face it, many of us are curious about where we sit in the high-net-worth hierarchy, and about how our lifestyles and spending habits compare to others. In this episode, we get some actual data on the different tiers of wealth, their population numbers, personality traits and spending habits. My guest is Winston Chesterfield, founder of Barton, a consulting firm that tracks and studies affluent individuals across the globe.  He and I discuss the personality traits of wealth creators versus inheritors, and the different ways choosing to express their wealth – and the one spending category that is common to just about everyone. Tune in to gain a comprehensive understanding of contemporary wealth and its dynamics. https://barton-consulting.co.uk/ Serious Coin creator and host is Kelly Willis Green. Having spent a career as a marketing professional in wealth management and having come into affluence through marriage, Kelly brings both a personal and professional perspective to conversations about wealth – its complexities, privileges, opportunities and challenges. Visit our website and stream episodes here:  ⁠⁠⁠⁠⁠⁠⁠⁠https://podcasters.spotify.com/pod/show/serious-coin/episodes/Introducing-Serious-Coin-e1c8rmu

Wealth creation leads to wealth management. And for many people, choosing a money manager falls outside their expertise and comfort zone. Which can lead to ill-considered choices, or a disappointing experience. Could that explain why, according to PWC, almost half of all high-net-worth investors plan to change or add wealth managers within the next two years? I’m talking with my friend Biff Matthews about factors to consider when hiring a new money manager, or assessing one you already have. Biff Matthews is a retired investment industry veteran, founder of two successful private wealth firms, writer, a former corporate lawyer and Oxford University graduate. Our conversation pulls back the curtain on the investment industry to help listeners make more informed and confident choices about who should manage their wealth. https://www.linkedin.com/in/r-b-biff-matthews-49364731/?originalSubdomain=ca https://www.theglobeandmail.com/investing/investment-ideas/article-why-is-it-so-hard-to-beat-index-funds/ https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street https://www.goodreads.com/book/show/110672.The_Only_Investment_Guide_You_ll_Ever_Need https://longviewassets.com/ Serious Coin creator and host is Kelly Willis Green. Having spent a career as a marketing professional in wealth management and having come into affluence through marriage, Kelly brings both a personal and professional perspective to conversations about wealth – its complexities, privileges, opportunities and challenges. Visit our website and stream episodes here:  ⁠⁠⁠⁠⁠⁠⁠https://podcasters.spotify.com/pod/show/serious-coin/episodes/Introducing-Serious-Coin-e1c8rmu

Ever wonder what it’s like to grow up third or fourth generation in a wealthy family?   There is privilege. Often pressure. Certain expectations and, sometimes, judgement. And how do you not be the generation that screws it up? In this episode, we’re talking with the turning point where she learned to advocate for herself in the family business, the “baggage” she carries, what she’s doing to prepare the fourth generation and how Taylor Swift became part of a money talk with her kids. Serious Coin creator and host is Kelly Willis Green. Having spent a career as a marketing professional in wealth management and having come into affluence through marriage, Kelly brings both a personal and professional perspective to conversations about wealth – its complexities, privileges, opportunities and challenges. Visit our website and stream episodes here:  ⁠⁠⁠⁠⁠⁠https://podcasters.spotify.com/pod/show/serious-coin/episodes/Introducing-Serious-Coin-e1c8rmu

How much wealth should I pass on to my kids? When should I talk to them about the money? How do I prepare them to handle it? These are anxiety-fueling questions that keep many wealth holders awake at night. In this episode, we’ll get some answers – along with real-life stories of how other high-net-worth families are handling intergenerational  wealth transfer – from one of the leading experts in the field. My guest is Matthew Wesley, a Principal of the Lovins Group, advisor to ultra-high-net-worth families in generational transition. With a career that spans 34 years as an estate planning attorney for 34 years, consultant and facilitator to some of the most prominent families in the world, he’s seen it all and has plenty of insight to share. Listen and learn from Matt about the problems that occur when tax drives your estate planning process, the most important questions to ask yourself before you engage any estate lawyer, and, which generational transition is the most important to get right. https://www.linkedin.com/in/mattwesley/ https://lovinsgroup.com/ Serious Coin creator and host is Kelly Willis Green. Having spent a career as a marketing professional in wealth management and having come into affluence through marriage, Kelly brings both a personal and professional perspective to conversations about wealth – its complexities, privileges, opportunities and challenges. Visit our website and stream episodes here:  ⁠⁠⁠⁠⁠⁠https://podcasters.spotify.com/pod/show/serious-coin/episodes/Introducing-Serious-Coin-e1c8rmu

In this episode, we’re talking about the latest de rigeur asset the uber-wealthy are buying to diversify and hedge risk:  Passports – often a portfolio of passports – acquired through residence and citizenship by investment programs, sometimes known as golden visas, and offered by 40 different countries around the world. My guest is Dominic Volek, Group Head of Private Clients at Henley & Partners, the global leader in residence and citizenship by investment. Join us as we explore the who, what, where and how of these programs –  and most importantly, why a portfolio of passports has become a centi-millionaire’s must-have tool to ensure their family’s safety and ultimate global mobility. It may be the asset class you never knew you needed, until now. https://www.henleyglobal.com/ Serious Coin creator and host is Kelly Willis Green. Having spent a career as a marketing professional in wealth management and having come into affluence through marriage, Kelly brings both a personal and professional perspective to conversations about wealth – its complexities, privileges, opportunities and challenges. Visit our website and stream episodes here:  ⁠⁠https://podcasters.spotify.com/pod/show/serious-coin/episodes/Introducing-Serious-Coin-e1c8rmu

Lotte Davis always knew she’d be successful. But what she didn’t expect was that she’d find the greatest reward for her financial success in helping other people. Lotte and her husband, John founded professional hair care company, AG Hair in the basement of their Vancouver home in 1989 and built it into a multi-million dollar business servicing thousands of salons around the world. Having achieved financial independence, Lotte decided to channel the “entrepreneurial juices just seeping from my pores” to start-up a venture in the philanthropic sector. She founded One Girl Can, an education charity that would change the lives of thousands of Kenyan young women and become the most defining work of Lotte’s life as well.  This episode is a candid conversation about Lotte’s roller coaster journey of building two successful ventures in completely different fields. You’ll hear how she and John navigated the effects of the pandemic, which nearly devastated their business but ultimately became the springboard for a new period of growth -- as well her unique perspective on wealth, spending, and how she taught her daughters to have a healthy relationship with money. One Girl Can AG Hair TD Wealth Women and Philanthropy Report 2023 Serious Coin creator and host is Kelly Willis Green. Having spent a career as a marketing professional in wealth management and having come into affluence through marriage, Kelly brings both a personal and professional perspective to conversations about wealth – its complexities, privileges, opportunities and challenges. Visit our website and stream episodes here:  ⁠⁠⁠⁠⁠⁠https://podcasters.spotify.com/pod/show/serious-coin/episodes/Introducing-Serious-Coin-e1c8rmu

Why are children from affluent families more likely to suffer from anxiety and depression? Could well-intentioned but outdated parenting methods be doing more harm than good? What characteristics does the next generation need to succeed and flourish in an accelerated digitally driven world?  And how can families of wealth avoid the entitlement trap and raise kids who thrive? With answers to these questions is my guest, Dr. Michele Borba, an internationally renowned educator, parenting child expert, and award-winning author of a new book: Thrivers, The Surprising Reasons Why Some Kids Struggle and Others Shine. Michele is also an NBC contributor who has appeared over 150 times on the TODAY show and countless other programs. Her work has been featured in TIME, Washington Post, Newsweek, People, Boston Globe, U.S. News & World Report, The New York Times. Whether you are a parent, a grandparent, or anyone invested in the promise of our future, you will want to hear this conversation, in which Michele talks about: The 7 character strengths that define thriving kids Why self-confidence is more important than self-esteem. Three signs your child may be becoming entitled – and what to do about it The role for grandparents in helping grandchildren thrive. Serious Coin creator and host is Kelly Willis Green. Having spent a career as a marketing professional in wealth management and having come into affluence through marriage, Kelly brings both a personal and professional perspective to conversations about wealth – its complexities, privileges, opportunities and challenges. Visit our website and stream episodes here:  ⁠⁠⁠⁠⁠https://podcasters.spotify.com/pod/show/serious-coin/episodes/Introducing-Serious-Coin-e1c8rmu

Today I’m in conversation with Jim Hayhurst, an award-winning CEO, community leader, investor, board member and advisor to impactful companies and non-profits. We’re talking about a modern approach philanthropy – why Jim says the charitable sector is ripe for disruption and why donors need to think differently about where and how they direct their giving. Jim’s approach to philanthropy embraces innovation and risk. It looks more like venture philanthropy – or “philanthropreneurism” as it’s been called – and less like traditional charity and cheque writing. He should know. Jim was born into a highly entrepreneurial family and that DNA is embedded into everything he’s done over his 30-year career, Jim has helped build five companies with operations on four continents, he’s raised millions in both venture and charitable funding and, in 1992, he and his late father, Jim Hayhurst, co-founded their own charity, Trails Youth Initiatives. We also learn about Jim’s personal story – growing up in a storied family and how he developed his own identify outside of being Jim Hayhurst Jr. This episode offers great insights for entrepreneurs who have had or are planning an exit, for donors both emerging and experienced, and for non-profit leaders of large and small-scale organizations. Visit: https://trails.ca/ Serious Coin creator and host is Kelly Willis Green. Having spent a career as a marketing professional in wealth management and having come into affluence through marriage, Kelly brings both a personal and professional perspective to conversations about wealth – its complexities, privileges, opportunities and challenges. Visit our website and stream episodes here:  ⁠⁠⁠⁠https://podcasters.spotify.com/pod/show/serious-coin/episodes/Introducing-Serious-Coin-e1c8rmu

Are the trappings of wealth just that: a trap? Why do some families flourish while others are burdened by their wealth? Do you manage your capital, or does it manage you? We’re exploring those questions and more with my guest, Charles Lowenhaupt, tax lawyer, Chairman and Partner of Lowenhaupt & Chasnoff. He is also author of Freedom From Wealth, a book he co-wrote with Don Trone. Charles has spent four decades counseling wealthy families – some of whom are in their 7th and 8th generations – about how to successfully manage fortunes that help family members across generations achieve their full potential. In our conversation, Charles outlines his roadmap to freedom from wealth – which starts with some profound yet fundamental questions that most people – and advisors – fail to ask themselves. Listen and learn as we hear from one of the godfathers of private wealth management in the United States. https://www.lowenchas.com/ Serious Coin creator and host is Kelly Willis Green. Having spent a career as a marketing professional in wealth management and having come into affluence through marriage, Kelly brings both a personal and professional perspective to conversations about wealth – its complexities, privileges, opportunities and challenges. Visit our website and stream episodes here:  ⁠⁠⁠https://podcasters.spotify.com/pod/show/serious-coin/episodes/Introducing-Serious-Coin-e1c8rmu