46: In Conversation With Jay Hughes

Let's Talk Family Enterprise

Introduction

Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.

All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.

Description

Ruth Steverlynck sits down with industry giant James E. Hughes, author of several seminal works in the family enterprise space, to find out more about his new Foundation: The James E. Hughes, Jr. Foundation and the important role it will play in ensuring FEAs and family business leaders can benefit from all the Foundation is doing in support of their work with business families.

Guest bio

James E. “Jay” Hughes, Jr. is a sixth-generation counselor-at-law, now retired, author and co-author of multiple books and influential articles on family governance and wealth preservation. He is renowned for facilitating multigenerational family meetings, with an emphasis on governance issues. Hughes is frequently called on to address international and domestic symposia on helping families to flourish through the growth of their human, intellectual, spiritual, social, and financial capital.

You can learn more about Jay on his website and the James E. Hughes Foundation website.

Key Takeaways

[0:26] Ruth Steverlynck introduces and welcomes a very special guest — the man who revolutionized the field of wealth management — James “Jay” E. Hughes.

[4:03] The James E. Hughes Jr. Foundation was launched without his knowing! James shares the story of how it came to be, and the two things he asked to be changed at its inception.

[7:29] Supporting families flourishing is an endeavour that traces its roots to ancient times. The foundation hopes to disseminate and propel those thought lineages into the future through publishing previously impossible-to-access works.

[12:24] Jay shares his hopes for what impacts the foundation will have in the future: alleviating unnecessary suffering without battling entropy.

[17:04] Jay shares two seminal works that the foundation has disseminated.

[21:16] Jay shares his thoughts on the most valuable thing on earth as well as what people can do to support the foundation’s work.

[25:10] Jay talks about the foundation’s latest work on translation in the 4th economy and shares the website for people to go dig a little deeper.

[28:42] Jay shares two books that have influenced him and his advice for advisors.

[34:02] Ruth thanks Jay for joining the podcast, but also for the immeasurable contributions he has made to the field and signs off until next month.

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Mentioned in this episode

The Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.

The James E. Hughes Foundation

Books by James “Jay” E. Hughes Jr.

Family Wealth: Keeping it in the Family

Complete Family Wealth: Wealth as Well-Being

Family: The Compact Among Generations

The Cycle of the Gift: Family Wealth and Wisdom

The Voice of the Rising Generation: Family Wealth and Wisdom

Family Trusts: A Guide for Beneficiaries, Trustees, Trust Protectors & Trust Creators

Book recommendations from Jay

Nicomachean Ethics, by Aristotle

Politics, by Aristotle

Second Treatise of Government, by John Locke

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