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In this episode, PWN Founder, Richard Milroy with PWN member David Werdiger to discuss the evolving needs and expectations of wealthy families when it comes to their trusted advisors. As both a second-generation family member and an advisor to significant families, David brings a unique dual perspective to the conversation. He shares insights on the complexities faced by wealthy individuals and families. David explores the importance of integrated and collaborative advisory approaches to effectively serve their diverse needs. David also shares his significant involvement in the upcoming PWN Advisor Forum in December 2024 in Melbourne where he will be sharing his experiences as a tech entrepreneur and the Principal of his own family office.
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In this 'Making Wealth Meaningful' podcast episode, PWN Founder, Richard Milroy, is joined by Wolfgang Hafenmayer: Senior Advisor, Circulate Capital Founding Partner. Circulate Capital launched in 2018 to invest in solutions for the ocean plastic crisis in South and Southeast Asia.
They discuss Wolfgang's journey from environmental advocate to impact investor, including founding social ventures and advising royal families. He emphasises understanding one's values and vision for creating change through investments and philanthropy. Wolfgang also reflects on helping families understand their inner motivations to support meaningful solutions and impactful leaders.
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Fehlende Folgen?
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In this podcast episode, PWN's Founder Richard Milroy interviews Danielle York, President and Executive Director, 21/64 - an organisation focused on intergenerational transition, decision making and relationships particularly in the context of philanthropy and wealth management.
They discuss various topics related to wealth, family dynamics and identity in the context of multi-generational families. Danielle emphasises the importance of understanding one's values, engaging in open conversations and building a collective identity within families to make informed and intentional decisions. She also highlights the need for advisors who are knowledgeable about the human dimension of wealth.
Danielle's vision for 21/64 is to spread its tools and principles worldwide to help people have more meaningful and less fear-driven conversations about wealth. Ultimately, making wealth meaningful to her means empowering individuals to use their resources with integrity and well-being in mind.
Making Wealth Meaningful Podcast by Private Wealth Network brought to you by Netwealth - Your Business, Your Way.
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Richard Milroy, host of the "Making Wealth Meaningful" podcast, welcomes Adam Milgrom as a guest. Adam discusses his background, growing up in a family that emphasizes both business success and philanthropy. He shares his journey into impact investing and his work with Giant Leap Fund, an impact venture capital fund. Adam also talks about his involvement with his family's office, Triple, which combines a deep impact mandate with various asset classes. The discussion touches on gender diversity in entrepreneurship, impact measurement, and using various capital tools to maximize impact. Adam stresses the importance of making wealth meaningful by considering where one invests capital and the impact it can create in the world.
Making Wealth Meaningful Podcast by Private Wealth Network brought to you by Netwealth - Your Business, Your Way.
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Brought to you by NetWealth.
PWN Founder Richard Milroy and PWN member & Innovation Venture Capital and Family Office mover and shaker, Fiona Hindmarsh (Private Wealth Network) talk about Making Wealth Meaningful in this edition of the podcast.
PWN believes private wealth can be a force for good in the world. PWN gives a private confidential environment where members: successful entrepreneurs and families/ individuals of significant wealthcan interact, exchange ideas and learn from one another.
This insightful podcast discusses PWN member, Fiona's experience in early stage venture capital in the innovation space, leading the multi family office and eminent Myer family business succession strategy. Also, delving into her philanthropy insights and involvement with Sotheby's, oldest and largest international fine art autioneers.
Conversations of intergenerational planning, family dynamics and the difficulties endured by families of significant wealth are explored in depth.
Fiona highlights the value of meaningful wealth and provides advice on how families should make decisions regarding investments, enterprises, creating impact and family culture. Fiona says that taking advantage of opportunities and acting morally are crucial to make wealth meaningful.
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In this podcast episode, Richard Milroy discusses wealth management and meaningful wealth with guest Rebecca Maguire. Rebecca is experienced in managing family offices and specializes in helping families create efficient structures for their wealth management needs through her firm, EFO Advisory Services.
Rebecca emphasizes the importance of using technology in family office operations. She mentions cloud-based tools like Slack, Google Suite, and Sage Intacct, which allow for efficient collaboration, document sharing, and accounting. She also emphasizes the value of customization in investment reporting software, with Black Diamond being mentioned as a powerful tool.
They also discuss the differences in managing family offices of varying wealth levels. Rebecca points out that smaller families sometimes have more complexity due to fewer resources and less flexibility. However, she believes that with the right advisory team and proper planning, it's possible to scale and manage family office operations effectively regardless of the level of wealth.
The conversation also touches on the growing trend of philanthropy and impact investing among wealthy families, especially in the tech industry. Rebecca encourages families to focus on using their wealth to make a positive impact on the world, whether through charitable giving, environmental initiatives, or other forms of social responsibility.
Overall, the podcast explores how technology, customization, and a proactive approach to wealth management can help families make their wealth meaningful and contribute to a better future for themselves and society. Brought to you by Netwealth.
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In this podcast conversation, Richard Milroy discusses financial education and its importance with Kendall Flutey, the founder of Banqer, a financial education platform aimed at teaching kids about money. The goal of Banqer is to equip the next generation with the skills and knowledge they need to make informed financial decisions. They believe in starting early with financial education to build positive behaviors and patterns.
Banqer provides software for schools, both primary and secondary, in New Zealand and Australia. Their platform creates a gamified and experiential environment for students to learn about money management, budgeting, investing, and other financial skills. They focus on improving financial literacy, building financial capability, and boosting financial confidence among students. By preparing young people for their financial future, Banqer aims to bridge the gap in financial knowledge and empower them to make better financial decisions as adults.
Kendall Flutey, the founder of Banqer, shares her background and insights about financial education. She discusses the challenges of navigating financial conversations and behaviors, particularly among marginalized communities, women, and indigenous populations. The conversation touches on the psychology of money, societal expectations, and the impact of colonization on financial knowledge. Kendall also emphasizes the importance of discussing money openly, teaching children about financial concepts, and encouraging them to develop healthy financial habits from an early age.
The discussion concludes with Richard expressing his interest in bringing Kendall to speak at a conference and acknowledging the significance of Banqer's mission in preparing the next generation for their financial future. Brought to you by Netwealth.
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In this podcast episode titled "Making Wealth Meaningful," Richard Milroy interviews David Werdiger about entrepreneurship in family businesses and family offices. The focus is on how wealthy families can encourage entrepreneurialism and pass on a legacy of entrepreneurship to future generations. David Werdiger shares insights from his personal background growing up in an entrepreneurial family and his experiences as an entrepreneur and family advisor. Key points discussed include:
The Importance of Adversity: The link between adversity and entrepreneurship is explored. People who have faced challenges often have a greater appetite for risk, a necessary trait for entrepreneurship.
Entrepreneurial Legacy: David discusses his father's background as a Holocaust survivor and how that experience influenced his motivation to rebuild his family and create wealth for future generations.
Passing on Entrepreneurship: Families can encourage entrepreneurialism through various approaches. These include supporting family members in their business ventures, engaging in angel investment or venture capital, or even pursuing social entrepreneurship.
Balancing Wealth and Motivation: The challenge of maintaining motivation in the face of inherited wealth is discussed. Parents often worry about their children becoming unmotivated or complacent due to financial security.
Encouraging Purpose: David suggests that imparting a sense of purpose and values is crucial. Philanthropy, engagement with the community, and exposure to real-world issues can help instill a grounded perspective and a drive to make a positive impact.
Modeling Behavior: Role modeling is essential for instilling entrepreneurial values. Parents should exemplify what they consider important and encourage individuality within the family.
Individuation and Legacy: The concept of "next first generation" or "rising generation" is highlighted, emphasizing the importance of allowing individuals to carve their own paths within the family legacy.
Overall, the discussion delves into the challenges and strategies for nurturing entrepreneurial spirit within wealthy families while also ensuring a sense of purpose, motivation, and responsibility among the rising generations. Brought to you by Netwealth.
