In our latest installment of Through the Wealth Lens, Hannes and Max are joined by two women who have dedicated their entire lives to their children: Daynia La-Force and Wendy Sparks. Both mothers of players in the NBA, Daynia and Wendy have used their experience in the professional sports world to found Courtside Moms Media, an organization created to assist the mothers, fathers, and families of professional basketball players navigate the many challenges these young pros coming into significant wealth face.

Throughout the conversation, we discuss how CMM supports this community via educational panels, sharing the stories of different mothers via personal interviews, and the connections they’ve created along their own journeys. We also discuss how they’ve helped both of their sons give back to their communities, giving other aspiring young athletes the chance to leave their own mark on the world.

Timecodes:

0:06 - Introduction and overview on the topic of the day

0:44 - Athletes and entertainers are presented with wealth-related challenges

2:13 - What motivated Wendy Sparks to found Courtside Moms

6:12 - The most common topics of conversation among mothers of professional basketball players

10:05 - The challenges Wendy and her son experienced on his road to the NBA

13:54 - Daynia immersing her son in the game of basketball from an early age

17:20 - What keeps Wendy's son, Khem Birch, motivated to perform in the NBA

20:35 - The Terrance Mann Complete Player Foundation that Daynia runs for her son

24:47 - How Khem and Wendy are leveraging his platform to give back to the community

28:09 - Final goodbyes and closing remarks

Connect with Hannes Grascher:

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Much has been studied and written about the function of a family office, acknowledging that every family and every family office will look and behave differently based on numerous factors.

On the latest episode of Through the Wealth Lens, Hannes and Max welcome Mark Tepsich, Family Office Design and Governance Specialist at UBS, to discuss the myriad of challenges faced by family offices that prevent them from functioning properly. Additionally, as UBS' resident expert on the matter, Mark will share stories and examples of advising clients in their family office organizational design, structure, and governance, as well as best practices to sustain their family's wealth for future generations.

Timecodes:

0:06 - Introduction and overview on the topic of the show

1:41 - Mark Tepsich's background and expertise on Family Office models

3:08 - Mark's viewpoint on the traditional family office

6:53 - The five capitals within a family dynamic

11:23 - How the Family-Focused Family Office essentially works

14:03 - How effective communication is implemented within the Family-Focused Family Office

17:19 - The family needs to be at the center of the family enterprise

21:01 - How to begin implementing an effective communication network?

24:20 - The family will evolve over time, which presents new variables and challenges

28:47 - How the Family-Focused Family Office promotes values along the way

31:39 - Why philanthropy is so important among affluent families?

36:44 - How you can get in touch with Hannes and his team

38:00 - Closing remarks

Connect with Hannes Grascher:

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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

Connect with Hannes Grascher:

Website

LinkedIn