Have you ever wondered how inheriting wealth can shape one's life beyond the financial aspects?  In this episode, our guest is Chip Fisher, the founder of Ursus Advisory, a consultancy practice dedicated to advising ultra-high-net-worth individuals and their next generations on the nuances of managing inherited wealth. Chip, drawing from his rich background and personal experiences, sheds light on the idiosyncratic yet emblematic stories of families navigating the complexities of wealth. Through candid discussions, the episode explores the transformative journey of understanding wealth's impact on identity, relationships, and societal contributions.  [00:01 - 07:56] Exploring Wealth's Waters Chip Fisher's journey into the world of wealth consultancyThe significance of understanding one's origins and the impact of wealth on identityThe empathetic approach towards advising ultra-high-net-worth individuals [07:57 - 14:01] Finding Purpose Beyond Money The entrepreneurial mindset as a pathway to meaningful engagement with wealthThe importance of finding purpose and passion beyond financial securityInsights into Chip's approach to offering value and empathy in his consultancy practice [14:02 - 21:57] Navigating Personal Connections The complexities of relationships within the context of inherited wealthStrategies for fostering authentic connections and avoiding the pitfalls of wealth in social dynamicsChip's reflections on friendship, partnership, and familial bonds in the shadow of affluence [21:58 - 28:46] How to Embrace Simplicity and Fulfillment Chip Fisher's philosophy on living a meaningful life amidst wealthThe role of hobbies, interests, and community in enriching one's lifeThe importance of self-care and doing things that bring joy and personal growth [28:47 - 37:11] The Road Ahead for Wealth Stewards The future of wealth management and the evolving role of advisorsChip's insights into the onboarding process and the journey with his clientsThe significance of self-care and daily practices in maintaining balance and peace Key Notes: "The greatest thing you could do for yourself is to be well-read and informed." - Chip Fisher "You have to live your life as if the money is not a subject you need to deal with all the time." - Chip Fisher Connect with Chip! LinkedIn: https://www.linkedin.com/in/chipfisher  Website: https://www.fisherwallace.com/  This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information. Connect with me: https://www.linkedin.com/in/brian-c-adams/ (LinkedIn) LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.