Podcast special: money through the generations

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🗓️ 2 December 2021

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Money is not generally discussed at the dinner table, and inheritance even less so. So, do parents do enough to pass down responsible personal finance habits to the next generation? And if not, how can those conversations be had? On this live recording of The Spectator’s Women With Balls podcast, deputy political editor Katy Balls will be joined by Charlotte Ransom and Dame Helena Morrissey to discuss breaking the taboo around money and offering practical tips on investing across the generations.

Sponsored by Netwealth.

Transcript

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0:00.0	Hello and welcome to a special edition of Women with Balls with me, Katie Balls. This episode is sponsored by Net Wealth, the investment managers, and initially live streamed on Spectator TV, where we also took audience questions. You can watch the full episode on spectator.com.com.com.
0:15.6	Hello and welcome to a special edition of Women with Balls, but I, Katie Balls, talk to today's trailblazers.
0:26.4	This episode is brought to you by Net Wealth, the Investment Service, and we'll be talking about money through the generations.
0:32.5	Do you talk to your children about what they do with their money? Do they understand how to save, how to invest? And do they know what your plan to do of your own savings and investments is? Why is there
0:42.5	such a taboo when it comes to talking about money? To discuss this, I'm delighted to be joined
0:47.2	by two exceptional female leaders in the city of London. They both have over 20 years of experience
0:52.5	in the finance industry. Between them, they have 13 children and have been outspoken about working in the industry
0:59.0	as a woman.
1:00.0	With me today are Charlotte Ransom, the founder and CEO of Net Wealth and Baroness Helena Morrissey,
1:05.0	the chairman of A.J. Bell.
1:07.0	Welcome both.
1:08.0	Now, to start, Charlotte, you founded Net net wealth in 2015. What's behind that?
1:14.5	Well, having spent 25 years as an investment banker, I could certainly claim to know something
1:20.4	about finance, but what I'd found was that I'd been working incredibly hard, earning well,
1:25.3	but not really spending any time thinking about personal finance.
1:27.8	And then in my last five years when I was a partner at Goldman Sachs and running part of
1:32.2	the private wealth business for them, I became very interested in private wealth management
1:36.5	generally and I became quite concerned about the sort of generic discretionary wealth management
1:42.1	service in the UK in particular.
1:44.6	And partly because I'm British, I was quite focused on the UK.
1:48.4	And it just struck me that there was no, there wasn't a way that the financial consumer
1:56.2	today could really enjoy the benefits of modern technology.
	...

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