SummaryIn this episode, Steve Prostano, the founder and chairman of the Ultra High Net Worth Institute, discusses the creation and mission of the Institute. He shares how the Institute was formed organically in 2018 and the gap it aims to fill in the family wealth space. The Institute focuses on educating and helping families navigate the wealth management industry, providing thought leadership and resources, and promoting best practices and professional development. Steve also highlights the importance of building a community of thought leaders and the Institute's ambitions for the future.TakeawaysThe Ultra High Net Worth Institute was founded in 2018 to address the confusion and lack of transparency in the family wealth space.The Institute's mission is to educate and help families navigate the wealth management industry, provide thought leadership and resources, and promote best practices and professional development.The Institute is organized like a university, with faculty members and advisory board members responsible for delivering content and programming.The Institute aims to build a global community of thought leaders and provide a safe learning environment for peer-to-peer intellectual exchange.Chapters00:00 - Introduction to the Ultra High Net Worth Institute01:30 - Creation of the Institute10:06 - Impact of the Global Pandemic11:40 - Organizational Structure of the Institute14:43 - Ambitions for the Institute in 2024 and Beyond26:41 - Personal Highlights of the Institute28:29 - Global Community of the Institute

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