Episode 68: Tom McCullough on Family Estate Planning and the Five Pillars of Wealth

Tom McCullough, founder and Chairman of Northwood Family Office, joins R. Adam Smith to unpack what a full-service family office actually does and why so few families know where to begin. Drawing on four decades in wealth management, McCullough lays out the five pillars of family office services, planning, investment management, governance, family wellbeing, and administration, and makes the case that wealthy families aren't under-advised but under-integrated. The conversation moves from the founding story of Northwood to the rise of the integrated advisor, the goals-first approach to investing, and a candid reflection on legacy and succession.