Making Wealth Meaningful with Private Wealth Network (PWN)

In this episode of Making Wealth Meaningful, we sit down with Joanna Sun, Co-Founder of Emerald Family Enterprise Group and Expert in Residence of our Younger-Gen Program, to explore the realities facing the younger generation of families with significant wealth. Joanna unpacks three often-unspoken pressures:  • The burden of gratitude — when privilege can make it difficult to express frustration, uncertainty or ambition. • The question of readiness — and why succession shouldn't begin with a handover. • Equal vs fair — and why treating family members the same doesn't always create a fair outcome. We also explore "eldest son syndrome", the expectations that can come with birth order, and why having open conversations about ownership, responsibility and succession early can help families avoid deeper conflict later. For families of significant wealth, these conversations are rarely just about money. They are about identity, relationships, responsibility and what it means to build a future together. About PWN PWN is a trusted community for individuals and families of significant wealth across Australia and New Zealand. Through confidential, peer-led conversations, Members connect, learn and engage with others who understand the complexities of living with significant wealth. Our Four Walls Policy creates a protected environment for candid conversations and meaningful connections. Subscribe to Making Wealth Meaningful for conversations on family wealth, investment, philanthropy, governance, succession and the realities of significant wealth across generations.

What if your capital could do more than one job at once? Richard Milroy, Co-Founder, PWN, talks with Hanna Ebeling, CEO, Social Enterprise Finance Australia (SEFA), about the deals mainstream banks won't fund — and the family offices, foundations, and investors stepping in instead. Hanna left private banking at HSBC for venture philanthropy in the Philippines. Now she builds "impact capital stacks" — blending grants, debt, and equity to fund organisations others write off as too risky. The proof: $50 million lent across 75 loans, one write-off. Inside this episode: a community-led funeral home funded by crowdfunding and a SEFA loan, a $5 million syndicate backing AI-powered health research, and the real reason advisers hesitate on impact investing — even when the numbers say they shouldn't. Plus: the "five capitals" families draw on beyond financial return, and what it actually means to measure wealth.

In this episode, PWN welcomes Jamie Montgomery (US), Founder of The Montgomery Summit and Co-Founder & Managing Partner of March Capital. A veteran technology investor with more than 25 years of experience backing transformative companies, Jamie shares his conviction that artificial intelligence represents the most significant investment opportunity of the coming decade — and why families of significant wealth should consider exposure to private companies building the AI economy. From the frontiers of life sciences and quantum computing to the shifting geopolitical landscape, Jamie offers a rare insider's view on where technology — and the world — may be heading, and how investors can position for it. He also reflects on the mentors who shaped his thinking, the lessons learned along the way, and what making wealth meaningful looks like when you live it every day.

PWN's co-founder Richard Milroy sat down with psychologist and leadership coach, Veronica Peters, to explore the human side of wealth and leadership transitions. Together, they discuss how family systems shape rising leaders, the typical patterns and pressures families of significant wealth experience, and the practices that help the next generation step into leadership with confidence. From intergenerational education to the meaning of legacy, this episode offers practical insights for families and rising leaders.

In this candid conversation, we flip the script on discussions of family dynamics to hear from the other side of the table. Lawyer and friend of PWN, Donal Griffin, joins Richard Milroy to explore the critical role lawyers play in complex family businesses. They dive into the importance of wealth education for the next generation, share hard-earned lessons from unhappy families, and discuss how legal guidance can shape stronger family and business outcomes. Tune in for a thoughtful, behind-the-scenes look at the intersection of family, business, and law.