In this episode of What Matters, MA Financial’s Group Vice Chairman Andrew Pridham AO speaks with Koda Capital’s Founding Partner and CEO Paul Heath.

After leading one of Australia’s most established wealth management businesses, Paul took a leap in 2013 to co-found Koda Capital, driven by a conviction that clients wanted truly independent, conflict-free advice. Paul also recognised a growing opportunity to give clients access to private market opportunities that had traditionally been reserved for large institutional and sovereign wealth investors.

Paul reflects on the risks and lessons of building a business from scratch, and how wealth management is changing as private markets, AI and intergenerational wealth transfer reshape the industry.

Paul also explains “The Koda Way” and the importance of culture in building a successful business. These attributes include fostering a conflict-free environment where advisers are empowered to act in their clients’ best interests, aligning advisers through meaningful equity ownership to create an ownership mindset, and creating a culture that guides behaviour when no one is watching.

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