In this Australian Investors Podcast episode, your host Owen Rask chats with Scott Carmichael of Escala Partners about:
- How wealthy families build and preserve wealth
- The challenges of transferring wealth across generations
- Investment strategies for newly exited business owners
- Traits of successful families and the importance of governance
Topics Covered
- The T1, T2, T3 framework for family wealth
- Scott’s career journey from investment banking to Escala Partners
- How ultra-wealthy families create wealth (and the traits they share)
- What “day one” looks like after selling a business
- The role of investment policy statements (IPS) in long-term wealth planning
- Why communication and governance are critical to prevent wealth loss
- Lessons families can pass on that aren’t financial
- Scott’s advice to his younger self about money and life
