On the 16th and 22nd of October, The Investment Collective hosted Client Seminars in Melbourne and Rockhampton. The seminars brought together clients to explore the important topic of how you can help your adult children financially. This is a common question that our clients ask us, and so it was not surprising that we had record-breaking attendance at both events. Each seminar hosted over 50 clients who enjoyed an in-depth market and economic update, followed by panel discussions focused on providing practical tips to guide their children while safeguarding their own financial wellbeing.

Kicking off the client seminars was an update on Australian and Global Markets presented by Danny Wong (Manager, Research, Alteris Financial Group). Danny’s presentation provided attendees with insights into various industry trends, highlighted current economic opportunities, and discussed potential prospects.

We were very fortunate to have Chris Hill (Senior Lawyer, Hill Legal and Inherit Australia), Katina Kyreakou (Special Counsel, Swanwick Murray and Roche Lawyers) and our financial advisers Cheng Qian, Liz Whalley, and Allan McGregor, join our panel discussions.

The panel explored pre-inheritance and the “Bank of Mum and Dad,” covering topics such as gifting money to children or grandchildren, setting up loans, and understanding the differences and implications of each option. Chris and Katina also discussed the importance of contracts when financially assisting children, as well as the value of clear communication and setting expectations throughout this process. Additionally, the panel emphasised the importance of regularly reviewing estate plans and shared common considerations they encounter when working with families.

‘’Watch and be aware, things change. Family gifts/loans are very complex – get advice!’’ – Event Attendee

Thank you to everyone who joined us, and to our speakers for sharing their wealth of knowledge with all in attendance. We look forward to hosting our next client seminars in the new year and continuing to provide a platform for clients, staff, and guest speakers to come together and discuss important financial topics.

Discussing financial education and practical tips with your financial adviser can help you create a roadmap that supports your children’s financial future while ensuring your own financial wellbeing remains secure. If you have a friend or family member who could benefit from personalised financial advice and education, please reach out to us—we’re here to help.