In today’s episode, we dive deep into the world of multigenerational wealth management and generational wealth transfer with esteemed guest Josh Kanter, JD, a family office executive, advisor, and founder of leafplanner.
We explore the groundbreaking “100-Year Family” concept, emphasizing the importance of maintaining family legacy and wealth across generations.
Josh shares invaluable insights on orchestrating effective family meetings to prepare for the $84 trillion generational wealth transfer.
We’ll also delve into the complexities of family financial ecosystems and how leafplanner revolutionizes holistic family advisory services.
Drawing from his personal journey through a Supreme Court tax case, Josh discusses his motivation in shaping better financial outcomes for families.
In this episode, Referral Coach Bill Cates interviews Josh Kanter, JD, an attorney and founder of Leaf Planner, about managing family wealth. Josh brings a unique perspective gained from his own family’s legal challenges. You’ll learn about the concept of the “100-year family,” how to conduct family meetings that foster communication and involvement, and delve into leafplanner, a tool designed to simplify complex family enterprises.
Bill Cates & Josh Kanter discuss:
- The 100-Year Family Concept: Emphasizes multigenerational wealth preservation, legacy building, and aligns with Simon Sinek’s “Infinite Game” philosophy.
- Family Meetings: Critical for managing generational wealth transfer, though often challenging due to complexity and lack of direct compensation for advisors.
- Facilitation of Family Meetings: Requires in-depth preparation, individual interviews, travel, meeting facilitation, and detailed follow-up.
- Leafplanner: A tool that simplifies complex financial scenarios with tools like the Complexity Calculator and provides a “single family office” perspective for holistic management.
- Josh Kanter’s Family Consulting: Josh works with select families on a referral basis while maintaining a collaborative, non-competitive approach with existing advisors.
- The Supreme Court: How Josh won a case in The United States Supreme Court and how that shaped the mission for his business.
Resources:
- RapidFire Referrals
- Get a copy of “The Language of Referrals”
- Get a copy of “Radical Relevance”
- Creating a Family Owner’s Manual With Josh Kanter
Connect With Bill Cates:
- BillCates@referralcoach.com
- Referral Coach Homepage
- Hire Bill for Coaching
- Enroll in The Cates Academy™
Connect With Josh Kanter:
About Josh Kanter:
Josh Kanter is the Founder & CEO at leafplanner & Principal at Josh Kanter Wealth Advisory Services.
Through leafplanner and Josh Kanter Wealth Advisory Services, Josh Kanter’s goal is to share his experience, knowledge, and tools to help the 100-year family survive and thrive by providing thoughtful, personalized family, business, and legal consulting services to his clients.
Following several years in the legal space, he decided to focus on his family business, where he currently serves as President of Chicago Financial, Inc., a single-family office overseeing a complex organization of trusts, investment, and philanthropic entities for a multi-branch and multi-generational family. With experience in areas including hedge fund investments, private equity, real estate, venture capital, and art, he continues to help direct these entities.
In 2011, he founded Alliance for a Better Utah (ABU) to fulfill his passion for giving back. ABU is committed to improving the lives of all Utahns by ensuring balance, transparency, and accountability in Utah politics, policy, and government. In addition, he currently serves as the Chair Emeritus of the International Sculpture Center and is a board member of Action Utah.
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