Max Weatherby, co-founder of Eclipse Private Office, shares his investment philosophy, which focuses on risk management and the importance of asset allocation, on the launch of this new podcast show and series aimed at guiding clients through their financial journey.
In conversation with Rob Lawrence, Max shares his insights into the investment process, the importance of blending active and passive investments, what sets Eclipse apart in an increasingly crowded marketplace, and Max's own journey as a portfolio and wealth manager.
Episode takeaways:
Eclipse specific:
• Eclipse Private Office provides tailored wealth management services.
• Independence allows Eclipse to work with the best managers.
• Reputation and trust are prioritised over brand recognition.
The Podcast:
• The podcast will provide clear steps in wealth management.
• Max's ebook, 'The Client Journey,' inspired the podcast.
• The goal is to make financial information accessible and engaging.
Key takeaways:
• The private wealth industry is becoming commoditised.
• Active and passive investments both have their place.
• Risk management is crucial in investment strategies
Chapters:
Introduction to the Eclipse Wealth Podcast (00:00) Overview of the podcast’s purpose, audience, and the “Client Journey” series.
Welcome and Introduction of Max (01:06) Rob welcomes Max and sets the stage for the discussion.
What Eclipse Private Office Does (01:22) Max explains the firm’s services, client base, and specialisation in business owners.
Eclipse’s Unique Approach (02:32) How Eclipse differentiates itself from larger wealth management firms.
Investment Philosophy at Eclipse (04:15) Discussion of Eclipse’s investment philosophy, margin of safety, and risk management.
Long-Term Planning Approach (06:33) How Eclipse structures portfolios for short, medium, and long-term goals.
Active vs. Passive Investments (07:25) Max’s views on blending active and passive investment strategies.
The Client Investment Process (08:19) Step-by-step walkthrough of Eclipse’s investment process and ongoing management.
Asset Allocation, Risk, and Performance (08:54) Detailed explanation of asset allocation, risk management, and performance monitoring.
Working with Other Advisors and Additional Services (11:17) Collaboration with lawyers, accountants, and offering peripheral services like estate planning.
Joined-Up Thinking and Client Relationships (12:33) Eclipse’s role as a primary relationship manager and liaison for clients.
Advice to Younger Self (13:44) Max shares personal guidance on investing and life for his younger self.
Founding Story of Eclipse (14:21) How Max and David founded Eclipse and identified a market gap.
Max’s Career Journey (16:32) Max’s early experiences, career path, and transition into wealth management.
Influences and Mentors (19:05) Key experiences, market events, and mentors that shaped Max’s philosophy.
Vision for Eclipse’s Future (21:40) Max’s long-term vision for Eclipse and plans for growth.
Trends in Private Wealth and Use of AI (22:54) How the industry is changing and Eclipse’s adoption of AI for client service.
Why Start a Podcast? (24:55) Max’s motivation for launching the podcast and its goals.
How to Connect with Eclipse (26:56) Information on where listeners can learn more and contact Eclipse.
Closing Remarks and Disclaimers (27:33) Podcast wrap-up, regulatory disclaimers, and invitation to future episodes.
Useful links:
Connect with Max Weatherby on LinkedIN
Connect with Rob Lawrence on LinkedIN
Visit the Eclipse Wealth Podcast website
Download the Client Journey ebook here
