In this special 200th episode of Inside the Rope, David Clark is joined by Koda Capital’s Chairman Steve Tucker and CEO Paul Heath to reflect on the evolution of wealth management since the podcast’s inception in 2016. From humble beginnings to over 200 candid conversations with some of the world’s best investment minds, this milestone marks a journey of insight, access, and innovation.
The episode explores the wealth advice industry's transformation into a true profession, the growing importance of values-based investing, and the behavioural traits that separate great investors from the rest - resilience, process discipline, and the courage to learn from failure.
They discuss the standout episodes, the dramatic rise in private market access, the adoption of endowment-style investing, and the shift toward investments offering stronger returns with lower volatility.
This episode is not just a retrospective—it’s a guidepost for the next decade of investing, advice, and purpose-driven wealth. Whether you're a client, adviser, or investment enthusiast, this conversation offers rare insight into how great advice has changed, where it's heading, and how Inside the Rope has provided privileged access to the minds shaping the future.


Ep 200: Milestone Episode - Lessons from the Leading Minds in Wealth Management

David Clark is joined by Claudia Kwan, Managing Director at North Star Impact Funds and recipient of the Outstanding Individual Achievement Award at the Impact Investment Summit. A former Morgan Stanley trader and now one of Australia’s leading voices in sustainable capital, Claudia shares how impact investing is evolving beyond its philanthropic roots to deliver returns competitive with traditional strategies.
For investors who have historically prioritised financial performance over social outcomes, this episode challenges assumptions highlighting how capital can be deployed to sectors like affordable housing, electrification, and healthcare without compromising on economic returns.
Key highlights:
* Why measurable social and environmental outcomes are becoming part of mainstream investing.
* How impact-aligned portfolios can deliver returns in line with traditional benchmarks.
* NorthStar’s values-driven, institutional-grade investment approach.
* Claudia’s journey as a female leader in the investment banking industry.
Great perspective on why purpose and performance are no longer mutually exclusive.


Ep 202: Claudia Kwan - Returns Without Compromise: Investing for Impact and Outperformance

In this show, David interviews the leading minds in Wealth Management. David Clark is an experienced and respected Financial Services Professional. As a Partner and Advisor at Koda Capital, David advises some of Australia most successful families on Wealth Management.

David is also a successful entrepreneur that has exited two financial services businesses. He is a director of the St Josephs College Foundation and sits on the investment committee, as well as being a founder of ZamBzee a software application development company.

Ep 202: Claudia Kwan - Returns Without Compromise: Investing for Impact and Outperformance

Inside the Rope with David Clark

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