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1. Becoming an entrepreneur (from Zero to One) in an Entrepreneurial Family - David Werdiger's Story of Building Generational Wealth.

Making Wealth Meaningful with Private Wealth Network (PWN)

Release Date: 08/30/2023

8. What Wealthy Families Seek from Their Trusted Advisors with PWN member, David Werdiger show art 8. What Wealthy Families Seek from Their Trusted Advisors with PWN member, David Werdiger

Making Wealth Meaningful with Private Wealth Network (PWN)

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...

info_outline 7. A Life of Impact: A Conversation with Pioneer Investor Wolfgang Hafenmayer on Social Entrepreneurship, Family Offices and the Journey to Meaningful Wealth show art 7. A Life of Impact: A Conversation with Pioneer Investor Wolfgang Hafenmayer on Social Entrepreneurship, Family Offices and the Journey to Meaningful Wealth

Making Wealth Meaningful with Private Wealth Network (PWN)

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...

info_outline 6. Empowering Wealth: Conversations on Philanthropy, Family and Identity with Danielle York, President 21/64 (US) show art 6. Empowering Wealth: Conversations on Philanthropy, Family and Identity with Danielle York, President 21/64 (US)

Making Wealth Meaningful with Private Wealth Network (PWN)

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...

info_outline 5. Adam Milgrom on Navigating Impact Investing and Making Wealth Meaningful show art 5. Adam Milgrom on Navigating Impact Investing and Making Wealth Meaningful

Making Wealth Meaningful with Private Wealth Network (PWN)

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...

info_outline 4. Transforming Wealth: Putting wealth to good work - ways the next generation make their impact Interview with PWN Founder, Richard Milroy and PWN member, Fiona Hindmarsh show art 4. Transforming Wealth: Putting wealth to good work - ways the next generation make their impact Interview with PWN Founder, Richard Milroy and PWN member, Fiona Hindmarsh

Making Wealth Meaningful with Private Wealth Network (PWN)

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...

info_outline 3. Building a successful Silicon Valley Family Office - Rebecca Maguire's journey into building sustainable Family Offices for Billionaires show art 3. Building a successful Silicon Valley Family Office - Rebecca Maguire's journey into building sustainable Family Offices for Billionaires

Making Wealth Meaningful with Private Wealth Network (PWN)

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...

info_outline 2. Teaching Financial Education to kids so they can thrive and create societal change - Kendall Flutey's Journey with Banqer show art 2. Teaching Financial Education to kids so they can thrive and create societal change - Kendall Flutey's Journey with Banqer

Making Wealth Meaningful with Private Wealth Network (PWN)

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...

info_outline 1. Becoming an entrepreneur (from Zero to One) in an Entrepreneurial Family - David Werdiger's Story of Building Generational Wealth. show art 1. Becoming an entrepreneur (from Zero to One) in an Entrepreneurial Family - David Werdiger's Story of Building Generational Wealth.

Making Wealth Meaningful with Private Wealth Network (PWN)

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...

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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:

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. Modeling Behavior: Role modeling is essential for instilling entrepreneurial values. Parents should exemplify what they consider important and encourage individuality within the family.

  7. 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.