Paul Karger, Co-Founder and Managing Partner of TwinFocus, recently joined the In the Harbor podcast for a wide-ranging conversation on the challenges and opportunities facing ultra-high-net-worth families today.
In this episode, Paul and the hosts explore:
- Why families in Massachusetts and New York are evaluating relocation to Florida and New Hampshire — and how the millionaire’s tax and estate tax environment factor into those decisions
- The two non-investment forces that destroy generational wealth — and how families can guard against them
- Why the appeal of private equity and private credit is evolving for some ultra-high-net-worth clients
- How to approach the concentration vs. diversification conversation with founders who remain emotionally connected to their company stock
- Strategies for next-generation education: family summits, early financial conversations, and giving the next generation hands-on experience with charitable giving
- How AI is beginning to shape wealth management workflows at TwinFocus — including a newly posted role for an AI automation engineer
- Paul’s 30-year martial arts journey — from Muay Thai to jiu-jitsu — and the discipline and resilience those practices bring to client relationships and firm leadership
Paul also shares his perspective on why the independent multifamily office model is competing differently against PE-backed consolidators, and what the next chapter looks like for TwinFocus.
Check it out on YouTube: https://www.youtube.com/watch?v=INhClz2DODs
Spotify: https://open.spotify.com/episode/2syqEVTeu9maC7yOWiRssa?si=3761e5c4ea34415d
[This conversation is intended for educational and informational purposes. Nothing discussed constitutes investment advice or a recommendation. Past results are not indicative of future outcomes.]
