Most people assume bad investments are what wipe out family fortunes. They're wrong.
In this episode of In the Harbor, we sit down with Paul Karger, co-founder of Twin Focus Capital Partners, a firm he launched 20 years ago with his twin brother to serve ultra-high-net-worth families. Paul has spent two decades watching generational wealth get built, preserved, and destroyed from within.
What we cover:
- Why family dysfunction, not market crashes, is the #1 killer of generational wealth
- The tax and policy dynamics driving wealthy families out of Massachusetts
- Why Paul is skeptical of private equity and private credit in today's market
- How training Muay Thai and jiu-jitsu shaped his approach to running a firm
- What he's building and hiring for as AI reshapes wealth management
Paul Karger is the co-founder and Managing Partner of Twin Focus Capital Partners, a boutique wealth management firm serving ultra-high-net-worth families.