An Intimate Interview with Author Jay Hughes: An Family Office Association Podcast
Angelo J Robles interviews author Jay Hughes
In Volume 14 of the Family Office Association Podcast Audio Series, Angelo J. Robles is joined by noted author Jay Hughes as they discuss what it means to be a family and passing family culture on to the next generation. You can either read the transcription or listen to the podcast and learn more.
Angelo Robles: This is Angelo Robles at Family Office Association. Welcome today to our Family Office Association Audio Podcast, featuring Jay Hughes. I am so fortunate to have the opportunity to interview on this audio podcast Jay Hughes. He is without any question among the most significant thought leaders globally. To call him the Godfather of the community would be absolutely no exaggeration. It would simply be the truth. So this is a wonderful opportunity for me and for those of you listening to the recording and hopefully the transcript to follow to get some wonderful insight. James Jay Hughes, Jr., is author of the acclaimed classics Family Wealth and Family: The Compact Among Generations and the co-author of A Cycle of the Gift: Family Wealth and Wisdom and The Voice of the Rising Generation. He also has written numerous articles on family governance and preservation, is a research fellow with the Wise Council Research. Jay is a frequency speaker at Symposia on the growth of families human, intellectual, social, spiritual, and financial capital. His most recent book, co-authored with Hartley Goldstein and Keith Whitaker is called Family Trust. We are going to touch on that as well. It’s a wonderful book. We recommend it. Pardon that very long winded introduction, Jay, but it’s well worth it. How are you today?
Jay Hughes: Extremely well and most privileged, Angelo, to be in this conversation with you. We have talked about doing it and I am excited that today is the day it takes place. So I thank you for this privilege.
Angelo: Well, you are very kind. I have so many questions and so many topics I would love to cover, but having done this for a while, I know I have to pick and choose those that we can focus and be concentrated on and hopefully have some wonderful opportunities for other dialogues moving forward in the future. I have been getting a lot of interest among our families and it certainly has been some buzz and interest within the community about still how decades later how the industry, those that service families of great wealth and success, wealth managers, accountants, attorneys, some of them wonderfully talented people, great technical skill, the opportunity to be great structuralists if I could use that word, yet still most plans fail. They may not fail immediately, but as it transgresses through the generations, it almost seems inevitable. You have written so eloquently about this for many, many years. Where does it fall apart? Where does the planning where there are many talented professionals, yet it appears to lack the preparation of the family? Where is there a disconnect?