In this episode of The UHNW Institute Podcast, host Russ Haworth is joined by Betsy Erickson (Head of Family and Individual Services, Arabella Advisors and UHNW Institute Social Impact & Philanthropy Domain Chair) and David Werdiger (Principal Consultant, Nathanson Pearson and UHNW Institute faculty member) for a discussion on power dynamics in ultra-high-net-worth families.

They introduce the Power Map, a tool designed to help advisors identify the often-unseen sources of influence within family systems. By unpacking how power shows up in formal and informal roles, across generations, and within different cultural contexts, they show how advisors can better guide families toward collaboration and effective governance.

Topics they discuss include:

• Why advisors must acknowledge their own power and influence
• How the Power Map supports more effective governance
• The role of cultural dynamics in family decision-making
• Why generational engagement is critical for continuity
• What Wealth 3.0 means for collaboration in family enterprises

Listen to the full conversation:

• Apple Podcasts
• Spotify