This episode of The Purposeful Investor podcast provides an introduction to Capital Partners Private Wealth Advisers, a wealth management firm based in Perth, Australia. Co-hosts David Andrew and Aden Wilkins discuss their motivations for starting the podcast and share "life's little wins" from their careers.

David recounts founding Capital Partners over 20 years ago and how the firm has grown, evolving their investment philosophy over time to focus on reliable, evidence-based strategies. They explore how attracting talented team members has allowed Capital Partners to take on more clients and expand services while prioritising clients and employees. David emphasises exploring possibilities and achieving bigger futures for both staff and clients.

Learn about key people who helped grow the business and how ownership has transitioned to new generations. David expresses gratitude to Capital Partners' long-standing clients for trusting the firm to manage over $1.6 billion in assets.

(0:00:01 - 0:04:25) Introduction

(0:04:25 - 0:12:52) Early years of Capital Partners

(0:12:52 - 0:16:09) Developing the business and team

(0:16:09 - 0:20:18) Client outcomes and intergenerational wealth

(0:20:18 - 0:27:59) Evolution of investment philosophy

(0:27:59 - 0:31:29) Aden's story of joining

(0:31:29 - 0:36:23) Recent acquisition and gratitude

For more information on Capital Partners visit capital-partners.com.au.

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

This episode provides general advice only. 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.

In this episode, host Aden Wilkins speaks with Capital Partners founder David Andrew about what investors can expect from financial markets in 2024. They discuss the major events of 2023, including China relaxing COVID restrictions, bank problems in the US, and strong returns in global equity markets by the end of the year.

David and Aden analyse the performance of different asset classes in 2023 and look at sub-asset classes like value stocks. Get their insights on whether 2024 could continue the market recovery or bring new economic challenges.

Materials
Annualised Range of Returns for the S&P 500
The Benefit of Long-Term Investing
S&P 500 - Good Years Tend to Cluster

0:00-1:00 Introduction and welcome

1:00-1:53 Global market declines in 2022 setting the stage for uncertainty in 2023

1:53-4:33 The Bloomberg article

4:33-5:43 Stocks and bonds 2022 decline

5:43-7:46 China reopening, US bank problems, Middle East conflict and late-year market rallies

7:46-10:50 2023 return figures

10:50-12:06 Value stocks and tech companies

12:06-13:15 Portfolio positioning and outlook for 2024

For more information on Capital Partners visit capital-partners.com.au.

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

This episode provides general advice only. 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.

In this episode of The Purposeful Investor, Aden and David discuss the importance of progress meetings between financial advisers and their clients. Progress meetings allow advisers to check in on clients' financial plans, goals, investments, and estate plans to ensure they are on track.

Aden and David explore what is discussed in a typical progress meeting, including reviewing clients' net worth statements, financial projections, portfolio reports, and estate planning. They emphasise how progress meetings help answer clients' key questions around making smart financial decisions, ensuring the security of their loved ones, and living their best lives.

Aden and David also delve into different types of documentation used in progress meetings and how reviewing these documents helps get clients back on track if needed or celebrates goals already achieved.

Progress meetings play a vital role in ensuring clients can continuously make course corrections to stay on target with their financial plans as life circumstances change.

Materials
Progress Report
Net Worth Statement
Legacy Flow Chart

(0:00:01 - 0:01:26) Introduction

(0:02:00 - 0:04:20) What is a progress meeting?

(0:04:21 - 0:11:27) Common questions and concerns

(0:12:25 - 0:14:46) The three key questions in progress meetings

(0:14:47 - 0:20:57) Documentation in meetings

(0:20:58 - 0:28:24) - A client’s ability to achieve goals

(0:28:25 - 0:34:06) Estate planning

(0:34:07 - 0:37:52) The importance of stewardship

(0:37:53 - 0:41:01) The ongoing review through progress meetings

For more information on Capital Partners visit capital-partners.com.au.

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

This episode provides general advice only. 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.

In this episode of The Purposeful Investor, Aden speaks with Capital Partners Founder and CEO, David about the evolution of investing from the early 20th century to the present day.

They discuss the three major phases - Investing 1.0 which saw stock picking dominate the market in the 1950s and 60s limited by a lack of historical data and computing power. The rise of index funds in the 1970s marked Investing 2.0, made possible by increased data availability and the efficient market hypothesis. Systematic investing emerged in the 1990s as Investing 3.0, leveraging factors like company size, price, and profitability that research showed provided higher expected returns.

David and Aden provide statistics demonstrating index funds have significantly outperformed actively managed portfolios over long periods. The episode offers insight into how the investing industry has advanced its practices by incorporating evidence from decades of market data.

Materials
Pursuing A Better Investment Experience

(0:00-0:16) Introduction

(0:16-1:42) Personal wins of the week

(1:42-2:18) The three phases of investing

(2:18-3:28) Investing 1.0

(3:28-7:02) Investing 2.0

(7:02-9:00) - Benefits of diversification

(9:00-11:02) Investing 3.0

For more information on Capital Partners visit capital-partners.com.au.

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

This episode provides general advice only. 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.

This podcast episode of The Purposeful Investor discusses the topic of succession planning for business owners. Hosts, Aden Wilkins and David Andrew define succession planning as the process of transitioning ownership of a business over time. This can take different forms such as an internal succession, a sale of the business, or transferring it to family.

David emphasises the importance of considering whether the strategy is to "harvest" the business through sale or pursue a "legacy" strategy of passing it down. He notes that succession involves transitioning not just capital but also leadership roles and maintaining the vision and values of the business.

David then draws on his own experience with succession planning at Capital Partners. He explains how they began planning early on to protect clients even with just a few employees. He details the multi-year process of transitioning out founding partner Chris while maintaining services, and culture, and developing new leadership over that time.

(0:00:01 - 0:00:11) Introduction

(0:00:11 - 0:01:54) Sharing wins of the week

(0:01:54 - 0:10:37) "harvest strategy" vs "legacy strategy"

(0:10:37 - 0:15:42) Succession planning at Capital Partners

(0:15:42 - 0:20:00) Developing new leadership teams at Capital Partners

(0:20:00 - 0:28:53) Succession of vision/values

(0:28:53 - 0:29:54) Transition of shares to new shareholders over time

For more information on Capital Partners visit capital-partners.com.au.

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

This episode provides general advice only. 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.

Discover the fascinating world of money personalities and how understanding each other's differences is crucial for achieving financial success. This insightful episode promises to change the way you view your relationship with money and your loved ones. Join us, your hosts David and Aden, as we share our personal wins and dive into the eight different mindsets people have about money, with a special focus on the Family Guardian personality.

Learn how various wealth personalities impact our approach to financial planning, particularly for family guardians who prioritise their family's needs above their own. We explore the importance of off-farm assets, the role of independent and objective advice, and the unique characteristics of other money personalities like Builders and Maximizers. Discover how these different money personalities interact with financial advisors and the wealth management process.

Lastly, we examine the potential conflicts that can arise between individuals with different financial personalities, such as Maximizers, Mavericks, and Controllers. We discuss the importance of good stewardship, patience, and love in finding balance and harmony in relationships with differing money mindsets. By understanding our own money personalities and those of our loved ones, we can work together towards true financial prosperity. So, tune in and transform your financial future with the knowledge and understanding of money personalities!

Materials
Money Personalities Guide

Key moments

• 00:04:48 Understand money personalities.
• 00:10:44 Take advice to achieve freedom.
• 00:16:06 Trust your financial adviser.
• 00:17:18 Build wealth methodically.
• 00:27:27 Maximizers strive for wealth.
• 00:34:45 Love conquers financial differences.
• 00:40:00 Social spenders seek reward.
• 00:43:30 Save first, spend later.

For more information on Capital Partners visit capital-partners.com.au.

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

This episode provides general advice only. 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.

In this episode of the Purposeful Investor podcast, host Aden Wilkins speaks with David Andrew, Founder and CEO of Capital Partners, about redefining ambition during retirement.

They discuss how retirement planning conversations often focus only on financial security, yet, true prosperity is about living one's best life.

Aden and David explore how ambition naturally shifts away from career goals as we age, and the importance of finding purpose and reasons to get up each day in retirement. They address the potential identity crisis and mental wellbeing challenges that can arise from loss of tribe and daily structure.

The conversation provides examples of individuals who pursued ambitious and meaningful second acts through staged retirements, consulting work, and charitable pursuits.

You will gain insight into transitioning smoothly to retirement by celebrating accomplishments, pursuing new passions, and maintaining a balanced mix of commitments and leisure.

This thought-provoking discussion challenges preconceived notions about what is possible in our retirement years.

Materials
The Power of Dreaming Guide

(0:00:01 - 0:03:10) Introduction

(0:03:56 - 0:04:56) Purpose in Retirement

(0:06:08 - 0:09:10) Ambition and Identity

(0:07:44 - 0:09:10) Mental Wellbeing

(0:09:28 - 0:10:00) Defining Ambition in Retirement

(0:10:04 - 0:11:03) Transitioning to Retirement

(0:11:15 - 0:18:31) Examples of Ambitious Retirement

For more information on Capital Partners visit capital-partners.com.au.

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

This episode provides general advice only. 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.

In this episode, hosts Aden Wilkins and David Andrew discuss navigating uncertainty in share markets from a long-term perspective. They provide statistics showing the dangers of market timing, with David sharing his experience of the Global Financial Crisis and how they coached clients through volatility. They discuss building portfolios with enough buffers to withstand downturns. The hosts explore the emotional and behavioural aspects of investing, referencing research on how the brain processes financial losses similarly to threats. They emphasise the importance of staying disciplined and provide valuable insights on developing a purposeful long-term approach to investing despite uncertainty.

Materials:
Vanguard Index Chart
US Sharemarket returns post pullbacks
Benefit of taking a long-term approach
Australian Share Market - Market Timing Graphs

0:00-5:24: Introduction
5:24-12:06: Market timing and volatility
12:06-14:41: Navigating uncertainty
14:41-23:14: The Global Financial Crisis
23:14-28:09: Long-term investing mindset
28:09-33:33: Behavioral finance and emotions

For more information on Capital Partners visit capital-partners.com.au.

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

This episode provides general advice only. 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.