Link to IWP's October 2025 Update (PDF) Monthly Market Update

Markets have experienced a modest pullback this month as uncertainty rises across global economies, though underlying fundamentals remain resilient.

In this month's discussion, Chris and Brigitta explore the key themes shaping markets and investor sentiment:

• After a strong six-month run, equity markets have softened slightly, reflecting mixed economic signals and increased caution from investors

• The RBA has kept the cash rate on hold, with inflation edging higher and labour-market conditions needing to soften further before any additional rate cuts are likely

• Spring property activity has picked up, supported by improved sentiment and the government's 5% deposit scheme for first-home buyers

• In the U.S., the recent government shutdown has ended, but delayed data releases and reduced consumer confidence have added short-term uncertainty

• Global tariff tensions remain elevated, with the U.S. and China maintaining a fragile truce that continues to influence market volatility

• AI-related stocks, including Nvidia and the broader "AI seven," have delivered strong returns but now face questions around high valuations and heavy investment spending

• Despite short-term movements, diversified portfolios continue to be well positioned, with long-term structural themes guiding investment decisions rather than short-term market noise As always, we highlight the importance of staying diversified, disciplined, and focused on long-term outcomes.

Should you prefer this in video form, please head to IWP YouTube

In this episode of Freedonomix, we sit down with Andrew Brown — Senior Financial Adviser at Independent Wealth Partners, CPA, CFP®, and someone whose career has been shaped by a simple idea: numbers matter, but people matter more.

Andrew shares the story behind his journey — from his early life and career foundations, to discovering that financial advice wasn't just a profession, but a pathway to genuinely helping people create clarity, confidence, and choice in their lives.

We talk about what drew him to financial advice, how his grounding as a CPA and CFP® shapes the way he supports clients, and why he finds deep purpose in using his technical skillset to serve others. You'll hear thoughtful reflections on life, money, family, challenges, and the moments that cemented his belief in the value of great advice.

It's an insightful, human conversation with one of the key advisers at IWP — and a reminder that behind the spreadsheets and strategies are real stories, real families, and real impact.

In this episode, Luke Axton - Partner and Chartered Accountant at IWP breaks down the key moments when SME owners should bring in a business consultant and why timing matters. We dive into how to plan for sustainable growth, the foundations of preparing a business for eventual sale, and how defining your personal purpose shapes the kind of business you're actually trying to build. A practical, grounded conversation for any SME owner seeking clarity and direction.

In this episode, Cameron and Lynn talk about gold — its history, volatility, and the role it plays in diversified portfolios. They explore why gold continues to capture investor attention, how it performs over the long term, and whether it truly offers protection in uncertain times.
It's a practical, plain-English discussion that cuts through the hype and looks at gold through the lens of evidence, data, and real-world financial planning — the Independent Wealth Partners way.

Link to IWP's October 2025 Update (PDF) https://tinyurl.com/3njbkdx2

Markets remain steady as both Australian and U.S. economies show resilience amid cautious central bank policy and ongoing global uncertainty. In this month's discussion, Andrew and Lynn explore the latest economic data and what it means for investors:

• The RBA pauses rate cuts after three earlier reductions this year, taking a data-driven and cautious approach

• Australian GDP growth comes in slightly above expectations at 1.8%, signalling a deliberate economic slowdown to control inflation

• Unemployment remains stable at 4.2%, consistent with the RBA's soft-landing target range

• In the U.S., a brief government shutdown grabs headlines but is expected to have minimal long-term impact • The Federal Reserve delivers its first 25-basis-point rate cut of the year, reflecting stabilising inflation and ongoing labour-market strength

• Markets remain strong, with the IWP High Growth Portfolio returning approximately 14.6% over the past 12 months

• Political developments and tariff policies continue to introduce short-term volatility, but long-term fundamentals remain intact As always, we highlight the importance of staying diversified, disciplined, and invested for the long term.

Should you prefer this in Video form, please head to

IWP Market update - October 2025

In this episode, we unpack the collapse of the First Guardian and Shield Master Trust funds — two high-profile failures that left more than twelve thousand Australians and over $1.2 billion of retirement savings in jeopardy.

We break down what went wrong — from poor governance and related-party investments to inadequate oversight and regulatory failings — and explore the lessons investors can learn from it.

Most importantly, we explain how our approach at Independent Wealth Partners is fundamentally different. From rigorous due diligence and independent investment selection to transparent structures and client-first accountability, we show what it really means to safeguard wealth — not just grow it.

DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433.

In this episode, we dive into the major revisions recently announced for the proposed Division 296 tax — the government's plan to impose extra tax on earnings from very large superannuation balances. Under the revamped proposal:

• Unrealised gains are out: only realised earnings (interest, dividends, rent, and capital gains when sold) will be taxed — removing a thorny compliance issue.

• It introduces a tiered tax structure rather than a flat surcharge:
  • Balances between $3 million and $10 million: taxed at an effective 30 % (i.e. 15 % base + 15 % additional)
  • Balances above $10 million: taxed at 40 %

• Thresholds will be indexed to inflation to avoid "bracket creep."

• The start date is delayed from 1 July 2025 to 1 July 2026, giving more time for planning.

• The first assessments will be based on totals at 30 June 2027, with implementation in the 2027-28 financial year.

We also unpack what these changes mean in practice — the benefits (like reduced complexity and lower risk of forced sales), the potential downsides for ultra-high net worth holders, and the strategic moves individuals and advisers should be considering now.

DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433.

Aged Care update - Helping You Stay at Home for Longer: The New Support at Home Program Explained

Big changes are coming to in-home aged care. The Support at Home program aims to simplify funding, improve flexibility, and put your rights first. Our Aged Care and Retirement Planning Specialist - Williza Demirel breaks down what this means for you, your family, and how to plan confidently for care that supports your independence.

DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433.