Summary

In this episode, Russ Haworth speaks with Linda Bourn, the domain chair for risk management at the Ultra High Net Worth Institute. They explore the unique risks faced by ultra high net worth families, including generational wealth, social media presence, and the evolving landscape of AI. Linda emphasizes the importance of proactive risk management strategies and the role of advisors in recognizing and addressing these risks. The conversation also highlights educational initiatives and resources available for advisors to better support their clients in navigating these complexities.

Chapters

00:00 Introduction to Risk Management in Ultra High Net Worth Families

02:52 Understanding the Unique Risks of Ultra High Net Worth Families

06:25 Generational Perspectives on Social Media Risks

10:43 Supporting Advisors in Recognizing Risks

14:51 The Evolving Landscape of AI and Risk Management

16:44 Educational Initiatives and Resources for Advisors

20:59 Proactive Risk Management Strategies for Families