The UHNW Institute Podcast

The UHNW Institute
  • 5.0 (1)
  • MANAGEMENT
  • UPDATED FORTNIGHTLY

THE UHNW Institute Podcast, a bi-monthly series, explores the wealth management industry that serves the UHNW, providing voice to the firms and families they serve as they seek to build, grow and nurture the wealth from one generation to the next. Looking beyond money, the podcast aligns with the Institute’s mission to incorporate the Ten Domains of Family Wealth, with topics related to the financial, investment, governance, estate planning, philanthropy, risk management, leadership, learning and development, health and wellness and family dynamics of the UHNW.

  1. 16 OCT

    50 Ways to Leave your Legacy

    Episode overviewRuss speaks with storyteller and filmmaker Rick Stevenson about why our personal stories are our most valuable legacy, and how families can use storytelling to connect across generations, strengthen decision making, and shape their philanthropy. Rick shares insights from 8,000+ interviews, the origins of the 5,000 Days Project, and practical ways advisers and families can start capturing stories with care, consent and purpose. Key themesYour story as your greatest asset: Identity, purpose and self-knowledge as the foundation for a lived legacySafe, consent-led storytelling: Why participants should retain control and how privacy builds honesty and depthFrom emotion to insight: How telling a story moves feeling into language and reduces its hold on usA “family voice,” not just a founder’s voice: Interviewing every generation to reveal shared values and differencesPhilanthropy and purpose: How stories surface what people truly care about and guide meaningful givingAdvisers as humans first: Do your own story work to build trust with the whole family, not only the patriarchGetting started at any age: Simple, repeatable practices for capturing stories from early childhood to later life Next stepsInstitute members can access the Legacy Playbook in the member portal and resource libraryTo explore a Family Voice series or personal story mentoring, get in touch via the Institute website - https://www.uhnwinstitute.org/

    48 min
  2. SFO Circle: The Expert Generalist: The Most Valuable Seat in the Family Office

    30 SEPT

    SFO Circle: The Expert Generalist: The Most Valuable Seat in the Family Office

    Summary In this episode of the SFO Inner Circle Conversations podcast, host Kristin Oliveri and guests Josh Miller, Linda Mack, and Rich Wolkowitz explore the concept of the expert generalist within the single-family office (SFO) space. They discuss the essential skills and qualities needed to thrive in this role, the challenges faced in high-stakes environments, and the importance of continuous learning and adaptability. The conversation also delves into the future of family offices and the evolving role of expert generalists in meeting the diverse needs of ultra-high-net-worth families. Takeaways The expert generalist has knowledge across multiple wealth management disciplines. Curiosity and a thirst for knowledge are essential traits. Expert generalists must balance depth in certain areas with breadth across others. Unexpected challenges can arise in high-stakes environments. Intellectual curiosity drives continuous learning and evolution. Building a strong network is crucial for expert generalists. Adaptability is key in dealing with diverse family dynamics. The future of family offices will require more strategic and sophisticated roles. Expert generalists must focus on customization to meet individual family needs. Successful family offices should demonstrate a return on investment for their services. Chapters 00:00 The Expert Generalist Defined 02:54 Essential Skills for Expert Generalists 05:45 Navigating a Day in the Life 08:49 Balancing Depth and Breadth of Knowledge 11:47 Challenges in High-Stakes Environments 14:51 The Importance of Intellectual Curiosity 17:49 Continuous Learning and Evolution 20:49 Advice for Aspiring Family Office Professionals 23:53 The Future of Family Offices 26:44 Transformational Changes Ahead

    36 min

  3. 19 SEPT

    Power Maps

    In this episode, Russ Haworth engages with Betsy Erickson and David Werdiger to explore the intricate power dynamics within ultra high net worth families. They introduce the concept of the Power Map, a tool designed for advisors to understand and navigate the various sources of power within family structures. The conversation delves into the roles of advisors, the importance of cultural competency, and the evolving landscape of wealth management, particularly in the context of generational transitions and the shift towards a more collaborative approach in family governance. Through a case study, they illustrate the practical application of the Power Map and emphasize the need for advisors to reflect on their own power and influence in family decision-making processes. Takeaways Advisors must recognize their own power in family dynamics.Power can manifest in various forms beyond formal roles.The Power Map helps identify and unlock sources of power.Cultural dynamics significantly influence family governance.Wealth 3.0 emphasizes collaboration over control.Families today face more complexity than ever before.Engaging the rising generation is crucial for family success.Advisors should foster an enabling environment for families.The illusion of governance can hinder effective decision-making.Understanding cultural differences is essential for advisors. Chapters 00:00 Introduction to Power Dynamics in Ultra Wealthy Families 02:58 Understanding the Power Map Concept 05:41 Nuanced Sources of Power 11:48 The Role of Advisors in Power Dynamics 17:32 Practical Application of the Power Map 23:59 Empowering Families Through Understanding Power Dynamics 27:19 Navigating Complex Family Structures 30:12 Cultural Competency in Family Dynamics 34:28 The Shift to Wealth 3.0 41:07 Case Study: Power Dynamics in Family Philanthropy 46:06 Key Takeaways for Advisors

    49 min

  4. 4 AUG

    Navigating Risk Management with Kate Norris

    Navigating Risk Management with Kate Norris Join us in this insightful episode of the Ultra High Net Worth Institute podcast as Russ Haworth sits down with Kate Norris, founder and CEO of Attenuate Risk. They delve into the top risk trends impacting wealth managers and their clients today. Kate shares her journey from financial services to launching her own firm, emphasizing the importance of understanding non-portfolio risks such as physical security, digital footprints, and family dynamics. Key Takeaways: The significance of non-portfolio risks and their impact on financial security. The importance of personalized risk management plans for families. How wealth managers can better understand and address the unique risks faced by ultra-high-net-worth families. The role of wealth advisors in protecting clients' financial legacies. Chapters: Introduction to Kate Norris and Attenuate RiskKate's Journey in Financial ServicesUnderstanding Non-Portfolio RisksThe Role of Wealth Advisors in Risk ManagementTop Risk Trends for Ultra-High-Net-Worth FamiliesPersonalized Risk Management PlansThe Importance of Independent AdviceConclusion and Key Takeaways For more information about the Institute head to https://uhnwinstitute.org

    30 min

  5. 15 JUL

    Exploring Wealth Migration

    Summary In this episode of the Ultra High Net Worth Institute podcast, Russ Haworth speaks with Judy Galst from Henley and Partners about investment migration. They explore the increasing interest from Americans in obtaining alternative residence and citizenship through investment, the differences between residency and citizenship, and the popular programs available. Judy shares insights on the motivations behind this trend, the importance of strong passports, and common misconceptions surrounding investment migration. The conversation emphasizes the need for education and guidance in navigating these options. Chapters 00:00 Introduction to Investment Migration 02:30 Understanding Investment Migration 04:02 The Surge of American Interest 10:27 The Importance of Strong Passports 12:13 Residency vs. Citizenship 16:52 Popular Programs for Americans 25:58 Investment Structures and Tax Considerations 35:05 Common Misconceptions and Advice

    43 min
  6. Single Family Office Initiative

    17 JUN

    Single Family Office Initiative

    Summary The conversation introduces the new Single Family Office (SFO) membership program by the Ultra High Net Worth Institute, highlighting its purpose, unique offerings, and the insights gathered from advisory board discussions. The speakers discuss the need for relevant content, the complexity of the SFO leader role, and the importance of networking and collaboration among family office executives. They outline the membership structure, benefits, and upcoming events designed to engage members and foster a community of learning and support. Chapters 00:00 Introduction to the SFO Podcast 02:50 The Need for SFO Membership 05:43 Unique Offerings of the Institute 08:50 Insights from the Advisory Board 11:36 Evolution of the SFO Initiative 14:40 Target Audience for Membership 17:43 Membership Structure and Benefits 20:46 Engaging Events and Clinics 23:40 Future Plans and Launch Announcement

    32 min

  7. 12 MAY

    Navigating Elder Care for High Net Worth Families with Teresa Leigh

    Summary In this episode, Russ Haworth and Teresa Leigh discuss the complexities of elder care within ultra high net worth families. They explore the reluctance of families to bring in external caregivers, the risks associated with transitioning in-house staff to caregiving roles, and the importance of managing expectations during these transitions. The conversation emphasizes the need for proper vetting of care providers, the potential pitfalls of improper vetting, and the role of technology in caregiving. Additionally, they highlight the critical involvement of family members in coordinating care and ensuring the well-being of their loved ones. In this conversation, Teresa Leigh discusses the complexities of caregiving within ultra high net worth families, emphasizing the emotional and relational dynamics that come into play when making care decisions. She highlights the importance of reframing care as a positive experience rather than a negative one, focusing on quality of life rather than costs. Effective communication strategies are essential for families to navigate these discussions, and understanding the risks associated with care management is crucial for ensuring safety and well-being. Chapters 00:00 Introduction to Elder Care in High Net Worth Families 03:04 Understanding the Reluctance for External Care 05:48 The Risks of In-House Staff Transitioning to Caregivers 09:04 Managing Expectations with New Caregivers 12:13 Protocols for Hiring Caregivers 14:47 The Importance of Vetting Care Providers 18:02 Potential Pitfalls of Improper Vetting 20:49 Integrating Technology in Caregiving 24:07 The Role of Family in Care Coordination 29:21 Navigating Family Dynamics in Care Decisions 34:23 Reframing Care as a Positive Experience 39:08 Quality of Life Over Cost 44:03 Effective Communication Strategies for Families 52:31 Understanding Risks in Care Management

    59 min

  8. 1 APR

    Exploring the Collegium and Practice Management Council

    In this episode of the Ultra High Net Worth Institute Podcast, guest host Jamie McLaughlin sits down with Stephanie Gromek, Managing Partner at BBR Partners, to discuss the origins and purpose of the Collegium and the Practice Management Council within the Ultra High Net Worth Institute. They explore how these initiatives create valuable learning environments for business leaders, advisors, and wealth managers, while also fostering collaboration among industry professionals. Key Topics Discussed:1. The Origins and Purpose of the CollegiumThe Collegium was born out of a panel discussion moderated by Jamie in 2018.Aimed at creating a safe, conflict-free space for industry leaders to share insights and best practices.Addresses the need for unbiased, independent information in the ultra-high-net-worth sector.The Collegium synthesizes discussions into a formal report to advance industry knowledge.Transitioned from virtual during the pandemic to in-person in October 2023 and 2024.Upcoming Collegium VIII will be held virtually on April 23rd & 24th, 2025. 2. The Role of the Practice Management CouncilLed by Stephanie Gromek, the council helps industry players learn and share best practices.Focuses on how business leaders can build sustainable firms that meet the evolving needs of wealthy families.Organized around five key pillars: Human Capital: Attracting, retaining, and developing talent.Sales & Marketing: Growing businesses with effective strategiesBusiness Management: Aligning profitability, capital structure, and strategy.Technology: Enhancing operations and client service through innovation.Integrated Wealth Management: Delivering across the 10 domains of wealth management 3. Structure of the Practice Management Clinics Expert-led panels: Featuring professionals from member firms.Breakout discussions: Participants share challenges, best practices, and solutions.Focus on actionable takeaways: Turning insights into tangible strategies. 4. Highlights from the October 2024 In-Person Collegium Topic: Firm Sustainability – critical for long-term success.Keynote by Andrew Schwede del (Bain & Co.): The challenge of scaling intimacy in high-touch businesses.Four core discussion areas: Growth & Profitability – ensuring firms remain competitive.People & Talent – attracting and retaining top professionals.Capital Structure – long-term sustainability of business models.Strategic Focus – defining what firms will and will not do. 5. What to Expect at Collegium VIII (April 2025) Two sessions: April 23rd (3:30 PM EST) & April 24th (12:00 PM EST).Virtual format with structured breakout discussions.Reports & takeaways will be shared post-event.Opportunity to collaborate and learn from other leaders in the industry.Designed for C-level executives, business operators, and wealth management professionals. Final Thoughts...

    24 min
See All (18)

About

THE UHNW Institute Podcast, a bi-monthly series, explores the wealth management industry that serves the UHNW, providing voice to the firms and families they serve as they seek to build, grow and nurture the wealth from one generation to the next. Looking beyond money, the podcast aligns with the Institute’s mission to incorporate the Ten Domains of Family Wealth, with topics related to the financial, investment, governance, estate planning, philanthropy, risk management, leadership, learning and development, health and wellness and family dynamics of the UHNW.

Information

  • Creator
    The UHNW Institute
  • Years Active
    2024 - 2025
  • Episodes
    18
  • Rating
    Clean
  • Copyright
    © Copyright 2025 The UHNW Institute
  • Show Website
    The UHNW Institute Podcast

You Might Also Like