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

About this episode

The episode discusses the challenges of inheriting wealth and features insights from financial expert Paul Burgon on how to manage family dynamics and avoid the 'third-generation curse'.

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) ——— 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. ——— Want more Basis Points? Sign up to the  Basis Points email Join the…

People in this episode

Guest: Paul Burgon

Topics covered

• inheritance
• family dynamics
• wealth management
• client relationships
• financial advice
• succession planning

Keywords

• inheritance
• third-generation curse
• wealth management
• financial advice
• client relationships
• succession planning
• AI impact
• oil prices
• markets

Mentioned in this episode

Organizations: Lipman Burgon & Partners, Barron's, Goldman Sachs Group, Inc., National Australia Bank Limited, Investec Group

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