On the latest episode of Through the Wealth Lens, Hannes and Ryan are joined by a returning expert, as well as one of his colleagues, to discuss something that's not often considered by the affluent. However, it's absolutely necessary.

If you own a private yacht, you need to consider security!

Adam Pauska, Co-Founder of AXG Advisors, and Dom Sylvester, Risk Advisor at AXG Advisors, share their unique insights on navigating more complex property and casualty insurance among ultra-high-net worth clients. They share their expertise on this topic, as well as an array of different stories that illustrate the importance behind prioritizing security measures for your yacht.

Timecodes:

0:06 - Introduction and overview on the guests joining today's show

2:00 - Dom's background as a CFO of a single family office

3:40 - Why it's so important for the affluent to conduct cybersecurity audits on major assets

6:00 - Dom's story of experiencing cybercrime with a client

8:59 - A hacker was able to initiate a wire transfer of money

12:39 - Dom and his team have put measures in place to address these vulnerabilities

14:36 - How Hannes and his team advise business owners to increase security measures

16:10 - Security measures you can put in place among a private yacht

21:50 - Additional insurance coverages that yacht owners should consider

27:06 - Dom shares a story of why insurance coverage matters

30:36 - How you can get in touch with Hannes and his team

32:20 - Closing remarks

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