43: The Family Office Approach to Wealth Management: Charlotte Thorne, Co-Founder of Capital Generation Partners

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8 • 216 Ratings

🗓️ 19 August 2021

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A growing share of the wealthy have decided to take control of their finances through single or multi-family offices. Recent statistics suggest family offices now control in excess of $4 trillion.

In today’s conversation, Charlotte Thorne, former advisor to the Treasury, describes her switch to join a major Swiss single family office, and go on to co-found a private investment office, which today manages close to $4 billion for over 20 families.

She discusses building the investment offering, the requirements and complexities wealth brings and why Cap Gen aims to “help families make the most of the possibilities that come with capital”. She explains the importance of process and discipline, and how they think about asset class decisions whilst accommodating the different requirements of families.

Charlotte discusses direct investing, tactical allocation, the inflationary debate, and why being a female client can be an uncomfortable experience. She also discusses the role of capital, how at times the money itself can appear to take priority over the owners themselves and where she believes the wealth management industry has failed.

Finally she describes their approach to the active v passive debate, investing in hedge funds and why private equity continues to offer attractive return characteristics with significant dispersion.

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Money Maze podcast. I'm Simon Brewer and Will Campion and I have created this show to explore and unravel some of the mysteries surrounding the investment business.
0:19.2	We hope through direct and insightful interviews with
0:22.2	masters of the real-life money maze, we're going to learn about different approaches to allocating
0:27.1	capital, making investment and business decisions, and navigating the pitfalls that lie in the paths to
0:33.4	prosperity. Whether you're a current or aspiring investor, entrepreneur, professional or student
0:39.7	exploring career options, we hope you gain some helpful insights and enjoy the shows. You can keep
0:45.6	up to date by visiting Moneymayspodcast.com and please sign up to our newsletter to ensure you
0:51.2	won't miss a release. If you enjoy the show, please subscribe and we'd love you to tell a friend or colleague about it. Thank you for listening.
1:01.0	We're delighted to have Schroeder's as a sponsor and corporate partner. Shroder's is a global investment and wealth manager, with a purpose to provide excellent investment performance to clients
1:12.1	through active investment management. By serving institutions and individuals worldwide,
1:18.5	Schroeder serves wider society. Channeling capital into sustainable and durable businesses
1:24.1	accelerates positive change in the world. Funding the future is a privilege.
1:29.5	Schroeder use it wisely and responsibly. As we know, capital is at risk with investing.
1:36.5	A word on our other sponsor, Bramont, an award-winning British company that produces beautifully
1:42.2	engineered chronometers, designed to appeal to those
1:45.7	who share the passion and appreciation of the innovation and mastery behind a beautiful mechanical
1:51.6	wristwatch, brought to you by our title partner, the luxury British watchmaker,
1:56.9	Vermont. When we think of immense wealth creation, we might think of the satisfaction derived from
2:04.5	years of hard work, but less about the complexities and challenges that significant wealth brings.
2:10.8	And as Richard Branson has observed for a successful entrepreneur, it may mean extreme wealth,
2:15.8	but with extreme wealth comes extreme responsibility.
2:19.1	Over recent decades, a whole industry has been built around wealth management, with most
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Money Maze Podcast, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Money Maze Podcast and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.