Speaker Presentation by David Werdiger at the Private Wealth Management APAC Summit in November 2015

1. Striking a Balance between
Investment and Philanthropy
David Werdiger
Private Wealth Management
APAC Summit
November 2015

2. Overview
• WWW – Wealth, Worry & Why
• Entrepreneurship & Entrepreneurial risk
• Intergenerational Issues & Legacy
• How to Search for Balance
• Sample Implementation

3. Our relationship with wealth
• What does it do for us?
• What are our attitudes to it?
• What are its limitations?
• Can’t take it with us
• Can it make us happy?
• How much is enough?

4. Impact of wealth
Wealth
Happiness
Value of $1
Appetite for Risk

5. Entrepreneurial risk in families
• Need for returns – how much is enough?
• Part of family culture?
• Excitement? Thrill of the ride?

6. My family

7. Exceed Organic Growth?
0
20
40
60
80
100
120
1976 1981 1986 1991 1996 2001 2006 2011
7% CAGR
family members

8. Entrepreneurial risk in families
• Use for strategic asset allocation
• The need for challenge & drive
• ‘Relationship’ risk

9. Legacy
• How to create/maintain one?
• Understand generational differences
• Challenge & strength at the same time

10. Generations 101
• Different external influences
• Different internal values
• Things will not be the same!
1920 1940 1960 1980 2000 2020
Foundation
Baby Boomers
Gen X
Gen Y
Millenials

11. Not Freud
• Patronizing Patriarchs?
• Barriers for generational transfer
• How to overcome?
• Problem recognition
• Fear? Matriarchs?

12. Methodology for Balance
• Examine the extremes
• It’s all about the shades of grey

13. Examine the extremes
For Profit Not for Profit
Revenues & Profit Expenses
Taking Giving
Happiness Meaning
Hedonism Altriusm

14. Ways to find balance
• Mix of financial returns & philanthropy
• Maintaining drive – for what?
• Mix of active & passive
• Best of both worlds?
• Social entrepreneurship
• Impact & ethical investing

15. My balance
• Second generation family member
• Tech entrepreneur
• Not-for-profit and community activist
• Advisor, writer, speaker

16. Climbing 3 Mountains

17. ‘Three Streams’
• Entrepreneur
• Create and then set free
• Like having children?
• Not for profit
• Board & committee
• Provide more than $$
• Personal exertion
• Advisor, mentor
• Writer, thinker, speaker

18. A wide perspective ...
Family
membe
r
Adviso
r /
Mentor
Philanthr
opist
Entrepre
neur

19. How to create a legacy
• Connect generations
• What are the family’s culture & values?
• Attitudes to wealth
• What values are ‘enduring’?
• Transmitting through stories
• We can’t bring up children ‘in our image’
• Change is inevitable, so we must embrace it

20. What not to do
• Flaunt wealth
• Hide wealth
• Make assumptions
• Use money to ‘fix’ problems

21. Conclusion
• Go both directions along the generation axis
• The greatest gift a parent can give: independence & options
• Finding bridges to connect generations
• The power of entrepreneurship
• ‘Meaning’ trumps ‘happiness’

22. Thank you!

23. For more information about the marcus
evans investments
summit series:
investmentseries@marcusevanscy.com