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Australia is in the middle of a $5.4 trillion wealth transfer. Baby boomers and the silent generation hold 70% of the nation's wealth and according to Perth's leading succession lawyer, most of it won't transition successfully. In this episode, Capital Partners founder David Andrew and wealth adviser Aden Wilkins sit down with Morgan Solomon, founding director of Solomon Hollett Lawyers, to unpack what actually happens when estate planning goes wrong and what successful families do differently.

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Follow Morgan Solomon:
LinkedIn: https://www.linkedin.com/in/morgan-solomon-b13ab58/
Solomon Hollett Lawyers: https://solomonhollettlawyers.com.au/

Follow David Andrew:
LinkedIn: https://www.linkedin.com/in/davidandrewfamilywealthadviser/
Capital Partners: https://capital-partners.com.au/team-members/david-andrew/

Follow Aden Wilkins:
LinkedIn: https://www.linkedin.com/in/aden-wilkins-40b006105/
Capital Partners: https://capital-partners.com.au/team-members/aden-wilkins/

Follow Capital Partners on socials:
Facebook: https://www.facebook.com/CapitalPartnersPWA/
LinkedIn: https://www.linkedin.com/company/capital-partners-3/
Instagram: https://www.instagram.com/capitalpartnersprivatewealth/

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Chapters:
(0:00) Welcome & Wins of the Week
(6:00) Introducing Morgan Solomon & the $5.4 Trillion Wealth Tsunami
(9:30) Why Most Wealth Won't Transfer Successfully
(13:30) The Disaster of Dying Without a Will
(16:10) Blended Families: The Most Complex Estate Planning Scenario
(18:00) Family Provision Act Claims — The Fastest Growing Court Dispute in WA
(22:00) The Black Sheep Child: Can You Cut Them Out?
(28:00) The Family Farm Succession Trap
(35:50) What Successful Families Do Differently
(40:00) How Often Should You Review Your Estate Plan?
(43:30) The Ensemble of Advisors You Need
(49:30) Final Takeaways: Have the Conversation, Take Action

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Recorded and produced by Podwave Studios: https://podwavestudios.au/

The Purposeful Investor Podcast is a public service provided for Australian investors wanting to make smart decisions with their money, avoid costly mistakes, look after the people they care about, and, have a great life!

We draw on over 30 years of experience from David Andrew and the Capital Partners team.

For more information on Capital Partners' award winning team, visit capital-partners.com.au.

Have a question? Email us ask@capital-partners.com.au.

This episode provides general advice only. We do not consider your personal circumstances when we share this information. Always refer to your financial adviser for advice about your personal circumstances.

Capital Partners Consulting Pty Ltd AFSL 227148 trading as Capital Partners Private Wealth Advisers ABN 27 086 670 788.

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Do you need to beat the market to be a successful investor? Is cash really safe? Should you be chasing the next big trend whether that's crypto, gold or AI? In this episode, Capital Partners founder David Andrew and wealth adviser Aden Wilkins sit down with Apollo Lupescu from Dimensional Fund Advisors in California to bust 10 of the most common investing myths once and for all.

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Follow Apollo Lupescu:
LinkedIn: https://www.linkedin.com/in/apollolupescu/
Dimensional Fund Advisors: https://www.dimensional.com

Follow David Andrew:
LinkedIn: https://www.linkedin.com/in/davidandrewfamilywealthadviser/
Capital Partners: https://capital-partners.com.au/team-members/david-andrew/

Follow Aden Wilkins:
LinkedIn: https://www.linkedin.com/in/aden-wilkins-40b006105/
Capital Partners: https://capital-partners.com.au/team-members/aden-wilkins/

Follow Capital Partners on socials:
Facebook: https://www.facebook.com/CapitalPartnersPWA/
LinkedIn: https://www.linkedin.com/company/capital-partners-3/
Instagram: https://www.instagram.com/capitalpartnersprivatewealth/

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Chapters:
(0:00) Welcome and Wins of the Week
(5:34) Myth 1: Past Performance Predicts Future Results
(11:44) Myth 2: You Must Beat the Market to Succeed
(15:46) Myth 3: Cash Is a Safe Long-Term Strategy
(18:08) Myth 4: You Need to Time the Market
(26:26) Myth 5: Higher Risk Always Means Higher Returns
(32:46) Myth 6: Active Stock Picking Beats the Market
(35:48) Myth 7: International Investing Is Too Risky
(40:52) Myth 8: Run for Cover When Markets Get Volatile
(45:02) Myth 9: Financial News Helps You Make Better Decisions
(49:06) Myth 10: You Must Back the Next Big Trend

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Recorded and produced by Podwave Studios: https://podwavestudios.au/

The Purposeful Investor Podcast is a public service provided for Australian investors wanting to make smart decisions with their money, avoid costly mistakes, look after the people they care about, and, have a great life!

We draw on over 30 years of experience from David Andrew and the Capital Partners team.

For more information on Capital Partners' award winning team, visit capital-partners.com.au.

Have a question? Email us ask@capital-partners.com.au.

This episode provides general advice only. We do not consider your personal circumstances when we share this information. Always refer to your financial adviser for advice about your personal circumstances.

Capital Partners Consulting Pty Ltd AFSL 227148 trading as Capital Partners Private Wealth Advisers ABN 27 086 670 788.

Ask a question or send feedback

Treasurer Jim Chalmers handed down the federal budget and the proposed changes to capital gains tax, negative gearing and family trust distributions could significantly affect how Australians build wealth. In this special episode, Capital Partners founder David Andrew and wealth advisor Aden Wilkins speak with Nick Menegola to break down what has actually been proposed, who it impacts, and why you should not be making any rash decisions just yet.

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Follow Nick Menegola:
LinkedIn: https://www.linkedin.com/in/nick-menegola-490b64123/
Website: https://capital-partners.com.au/team-members/nick-menegola/

Follow David Andrew:
LinkedIn: https://www.linkedin.com/in/davidandrewfamilywealthadviser/
Capital Partners: https://capital-partners.com.au/team-members/david-andrew/

Follow Aden Wilkins:
LinkedIn: https://www.linkedin.com/in/aden-wilkins-40b006105/
Capital Partners: https://capital-partners.com.au/team-members/aden-wilkins/

Follow Capital Partners on socials:
Facebook: https://www.facebook.com/CapitalPartnersPWA/
LinkedIn: https://www.linkedin.com/company/capital-partners-3/
Instagram: https://www.instagram.com/capitalpartnersprivatewealth/

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Chapters:
(0:00) Welcome and Wins of the Week
(3:55) What This Budget Is Really About
(6:15) Who Does This Budget Actually Hit
(11:45) Capital Gains Tax Changes Explained
(17:00) The 30% Minimum Rate and Pre-1985 Assets
(20:00) Negative Gearing: What Changes and What Does Not
(23:15) Beware the House and Land Package Spruikers
(27:30) Family Trust Flat Tax
(31:15) Real Example: What It Means for a Small Business Family
(37:25) Why Super Becomes Even More Attractive
(40:00) The Trillion Dollar Debt in Perspective
(43:40) Who Needs to Be Paying Attention Right Now

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Recorded and produced by Podwave Studios https://podwavestudios.au/

The Purposeful Investor Podcast is a public service provided for Australian investors wanting to make smart decisions with their money, avoid costly mistakes, look after the people they care about, and, have a great life!

We draw on over 30 years of experience from David Andrew and the Capital Partners team.

For more information on Capital Partners' award winning team, visit capital-partners.com.au.

Have a question? Email us ask@capital-partners.com.au.

This episode provides general advice only. We do not consider your personal circumstances when we share this information. Always refer to your financial adviser for advice about your personal circumstances.

Capital Partners Consulting Pty Ltd AFSL 227148 trading as Capital Partners Private Wealth Advisers ABN 27 086 670 788.