As wealth grows, the questions that matter most start to change. In this episode, Robbie Parkinson and Stephen Furness from MGD Wealth explore how high earning professionals and families can think more strategically about building, managing and protecting wealth over time — moving beyond short-term performance and individual investments toward thoughtful portfolio construction, diversification and long-term decision making.

Stephen and Robbie unpack how sophisticated investors think about risk, return and opportunity on an after-tax basis, and why portfolios often evolve beyond traditional shares, cash and property as wealth increases. The conversation also explores the role private markets can play within a well-structured portfolio — not as speculative or exclusive investments, but as tools to improve resilience, flexibility and long-term optionality for individuals and families. What we cover:

• How wealth objectives change as income and assets grow
• Why success in investing should be measured by outcomes, not benchmarks
• The difference between chasing returns and managing long-term risk
• Why diversification becomes more important as portfolios get larger
• How sophisticated investors think about asset allocation
• What private markets are and why they exist within portfolios
• The role of private markets in diversification and resilience
• Understanding risk beyond market volatility
• Why after-tax returns and structure matter more than headline performance
• Using wealth to create optionality — flexibility, choice and legacy

Whether you're navigating growing wealth for the first time or looking to refine an existing strategy, this episode offers a grounded, practical look at what it really takes to build wealth that lasts.

Financial disclaimer: The above information is general information only and should not be taken as constituting professional advice from AIPA. AIPA does not refer its members to any individual financial institution, financial group or financial adviser, or endorse or recommend any individual financial institution, financial group or financial adviser, or endorse or make recommendations about any financial advice, product, plan or scheme. AIPA excludes any liability for any loss or damage suffered as a result of a person acting in reliance upon any information disseminated to AIPA members. If you require financial, legal and/or taxation advice, you should obtain your own independent, professional advice.