FM Radio
FM Radio is a podcast about funds management, presented by Elston Asset Management. It covers key concepts in the industry for advisers, investors, and beginners. The show features expert interviews on topics like asset allocation and risk management. It aims to explain how investment decisions are made and what they mean for clients.
Episodes
Episode 19: Going beyond the numbers
How does real‑world experience shape better financial advice?In this episode of FM Radio, we talk with Jessica Waller from Bridge Private Wealth about how her upbringing in a hands‑on entrepreneurial family shaped her approach to client relationships, decision‑making and resilience. Jess discusses why empathy matters, how to help clients open up, and what it takes to guide people through emotional
Episode 18 - The first year harvest
In this episode of FM Radio, we look at Elston Income, a portfolio that has just marked its first birthday by delivering favourable results, despite a challenging year. Elston Co-Founder Bruce Williams and Portfolio Manager Alastair MacLeod reflect on how Elston Income was constructed and how that has allowed the portfolio to harvest income for retirees. They unpack a year shaped by geopolitical u
Episode 17 - Investing in the age of AI
In this episode of FM Radio, Elston Portfolio Managers Justin Woerner and Gary Merkel unpack the rapidly evolving world of AI and what it means for investors, particularly in the small cap space.They explore the real shift happening beneath the surface, from generative AI to agentic systems, and how this is driving both opportunity and disruption across software businesses. They discuss the impact
Episode 16: Positioning portfolios amidst uncertainty
In this episode of FM Radio, Elston Portfolio Managers Leon de Wet and David Seager reflect on a quarter shaped by geopolitical tension, shifting interest rate expectations, and accelerating AI investment.They unpack what’s driving market volatility, where diversification has added value, and why real assets and fixed income are playing a more important role in portfolios. The conversation also co
Episode 15: Scaling advice through smarter tech
In this episode of FM Radio, Jason Entwistle from HUB24 joins us to explore how advice practices can scale and thrive despite a shrinking adviser workforce and rising demand for financial guidance.With nearly four decades in the platform industry, Jason shares how data quality, smart integrations, and technology can elevate workplace efficiency. He also unpacks how HUB24 helps advisers serve more
Episode 14: Transforming young lives through structured giving
How can we help young people rebuild confidence, find purpose, and truly thrive?In this episode of FM Radio, Elston’s Head of Philanthropic Services Susan Chenoweth sits down with Robert Cronk from Flipside Circus and Stephanie Blunt from YMCA Queensland to explore how structured giving transforms lives. They unpack why belonging matters, how creative and unconventional programs spark resilience,
Episode 13: Inside Elston's small cap strategy
In this episode of FM Radio, Elston Portfolio Manager Justin Woerner joins us to look back at a year marked by volatility, geopolitical surprises, and shifting market dynamics. He also shares what it all means for investors in 2026.We unpack the big themes: inflation, interest rates, and the rise of AI, plus the incredible dispersion in returns between industrials and resources. Justin also reveal
Episode 12: Building multi-asset income portfolios
How do you build a multi-asset portfolio with a tilt to income?In this episode of FM Radio, Elston Portfolio Manager David Seager chats with Ashley Burtenshaw about the Barings Liquidity Investment Strategy, also known as BLIS, and why it’s now part of Elston’s portfolios. We explore what makes BLIS different, the role of RMBS in delivering predictable returns, and how big data and smart systems h
Episode 11: Insights from the Elston Elevate Conference
What does it take to elevate advice and investment conversations beyond the day-to-day?In this episode of FM Radio, we recap some of the highlights from the Elston Elevate Conference with Mark Smith, Head of Adviser Services at Elston. From global investment insights and the realities of AI to tackling concentration risk and embracing a growth mindset, we unpack the big ideas shaping portfolios an
Episode 10: Is outside-the-box thinking the key to growth in advice?
In this episode of FM Radio, we chat with Aaron Kane, Managing Director of EK Financial Group, on how he’s built the business by embracing new ideas.From transforming a family business to adopting automation, offshoring, and even TikTok, Aaron shares how he’s built a scalable, client-focused model without losing the personal touch.We also explore the power of global networks, the value of coaching
Episode 9: Are rate cuts good or bad?
Is a rate cut good news or is it a warning sign? In this episode of FM Radio, Elston Portfolio Manager Alastair MacLeod shared his insights on the rate-cutting cycle and what they mean for the economy and investors. We also explore the disconnect between markets and the real economy, the risks of high valuations, and how active managers are positioning portfolios to navigate the next phaseAre we h
Episode 8: The Future of Advice and Investment in Australia
Is Australian financial advice on the brink of a golden age or just navigating growing pains?In this episode of FM Radio, Elston Co-Founder Andrew McKie shares his take on the future of advice and investment in Australia. From rising professional standards and tech disruption to the promise of intergenerational wealth and smarter solutions, Andrew unpacks the challenges and opportunities shaping t
Episode 7: How Paul Heanly is making managed accounts work
In this episode of FM Radio, we explore how wealth advice has changed to meet the needs of clients, with expert insights from Mark Smith, Elston’s Head of Adviser Services, and Paul Heanly, Managing Director of Hunter Wealth. We learn about the evolving meaning of financial freedom and how strategic advice is adapting to better serve clients. Focusing on investment solutions that firms have adopte
Episode 6: What Did the Reporting Season Reveal?
In this episode of FM Radio, we take a look at the latest reporting season and chat with Elston Co-Founder and Portfolio Manager Bruce Williams as shares his take on the results. Which ASX100 companies met expectations and which ones failed to deliver? Bruce also looks at why some companies seem to have been punished by the market for their subdued forward forecasts. For anyone who wants to know m
Episode 5: Looking at the big picture for Large Caps
The investment environment changes rapidly, so how do you stay informed and ahead of the curve? In this episode of FM Radio, Elston Co-Founder and Portfolio Manager Bruce Williams explains how Elston’s investment strategy has evolved and what has remained constant. We deep dive on the impact of navigating global shifts like COVID, supply chain disruptions, and central bank dynamics. We also explor
Episode 4: Why My Mum Might Help Pop the CBA Bubble
Can retail investors influence the fate of Australia’s biggest bank? In this episode, Elston Portfolio Manager Alastair Macleod explores the elevated valuation of Commonwealth Bank (CBA) and why it may be vulnerable to a shift in sentiment, especially from everyday investors like his mum.Al unpacks the forces driving CBA’s share price and what could trigger a correction. Tune in for a candid look
Episode 3: Can Multi-Asset Portfolios smooth the ride?
What’s driving smarter investment strategies today? In this episode of FM Radio, we explore the evolving world of Multi-Asset Portfolios with Elston Portfolio Managers David Seager and Alastair Macleod. From building strong foundations and focusing on long-term returns to blending exposures together and identifying the best asset combination, they share their recipe for success in multi-asset port
Episode 2: Exploring the Small Cap universe
This week on FM Radio, we venture beyond the ASX 100 and into the dynamic world of Small Caps with Portfolio Managers Justin Woerner and Gary Merkel.Discover how Elston’s Emerging Leaders Portfolio identifies and selects the durable, long-term businesses among 400–500 companies in the small cap space. From market fundamentals to timeless industry lessons, this episode is packed with insights for a
Episode 1: Why is Philanthropy the hardest word?
In this episode of FM Radio, we sit down with Susan Chenoweth, Head of Philanthropic Services at Elston, to unravel the mysteries of the world of philanthropy. From defining what philanthropy really means to uncovering how it can help clients, Susan shares expert insights and practical guidance. If you’ve ever wondered how structured giving fits into financial conversations, this episode is a must
