Managing What Matters To Families: The Qualitative Side of Family Office With Jim Coutré

Jim Coutré is responsible for the oversight of Fidelity Family Office Services’ Insights & Connections program. Jim starts the conversation by diving into his responsibilities for the Insights & Connections program, which provides family offices and wealthy families with thought leadership, referrals to industry experts and consultants and access to a peer networking program. Jim then explains that too many family offices are solely focused on financial capital; it’s a lost opportunity. Tune in as we talk about why families need more than financial assistance and the importance of networking as a family office executive. To explore what Jim sees as the most essential ideas for families and their family offices, check out Fidelity Insight Explorer: https://insightexplorer.fidelity.com/home

IN THIS EPISODE:

• [01:30] All about the Fidelity Family Office Services’ Insights & Connections program. 
• [04:20] What type of financial issues wealthy families are having during the pandemic.  
• [11:30] There are too many family offices that are solely focused on financial capital; it’s a lost opportunity. 
• [21:05] Professionals need a peer network; being a family office executive can be lonely.

KEY TAKEAWAYS:

• People tend to admire wealthy people, but at the same time, wealthy people are widely despised. 
• Families of affluence have had the opportunity to avoid what many people experienced during the pandemic. 
• Being within the spotlight can lead to a persistent feeling to prove that you are not worthy of wealth.
• Many people with wealth carry around a sense of shame; the saying ‘more money, more problems’ is true.

LINKS MENTIONED:

LinkedIn

www.linkedin.com/in/jcoutre 

Family Office Services

https://clearingcustody.fidelity.com/app/item/RD_9884432/fidelity-family-office-services.html

Fidelity Insight Explorer

https://insightexplorer.fidelity.com/home

BIO:

Jim Coutré, Vice President, Insights and Connections. Jim Coutré is responsible for the oversight of Fidelity Family Office Services’ Insights & Connections program, which provides families and family office executives with perspective and problem-solving across a wide range of office matters and family matters.

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