Why inheriting a fortune can tear a family apart - and how to stop it

In this episode, we're joined by Paul Burgon, the Managing Partner and CIO of Lipman Burgon & Partners, who ranked #4 in the 2025 Barron's Top Adviser List.

Burgon argues the biggest concern facing his clients is the “third-generation curse” - and he may just have the cure advisers are looking for.

In this episode:

00:00 Introduction

01:05 Paul’s Career Journey

03:38 Growing to $3B AUM

06:40 Trust and Succession Model

08:23 Deep Client Relationships

09:38 Scaling Without Sacrificing Quality

12:23 Engaging Next Generation Clients

15:09 Real Client Challenges Today

17:20 Sudden Wealth Case Study

18:41 AI’s Impact on Advice

23:18 Oil Prices and Markets

📈 Stocks and ETFs Mentioned:

Goldman Sachs Group, Inc. (NYSE: GS)

National Australia Bank Limited (ASX: NAB)

Investec Group (JSE: INP)

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CPD Points: This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA).

0.50 Total Hours

Knowledge Requirements: Practice Management (0.50 hour) | Legislated CPD Area: Client Care & Practice (0.50 hour)

Complete the quiz here to claim your points.

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