Bassline by Cavendish Ware

In this special “Situation Update” episode, Lance Peltz unpacks the rapidly evolving global landscape and its economic implications.Lance offers a grounded, no-predictions perspective on geopolitical tensions, highlighting how disruption to energy, materials, and supply chains is driving inflation, market volatility, and consumer pressure worldwide. From oil and LNG dynamics to emerging-market vulnerability, the conversation explores how conflict directly translates into economic stress.They also examine investor behaviour, shifting market structures, and growing concerns about private credit, AI-driven change, and speculative trends in assets such as silver and Bitcoin.With no clear end in sight, this episode provides a sharp, sober view of markets in flux—and the deeper structural shifts shaping the global order.

In this special episode, the roles are reversed as Adrian takes the interviewer’s seat to speak with Dave about a subject that is both deeply personal and increasingly relevant: neurodiversity, late ADHD diagnosis, and the profound impact this can have on our relationship with money.Dave reflects on being diagnosed with ADHD later in life, prompted initially by his children’s experiences and a growing realisation that many lifelong patterns finally had an explanation. What follows is a candid discussion of how neurodiversity shapes how people process information, manage attention, experience boredom, and engage with complex topics such as finance, risk, and long-term planning.Together, Adrian and Dave explore:What neurodiversity really means, and why it is neurological rather than psychologicalHow ADHD can manifest in adulthood, from hyperfocus and creativity to difficulty with documents, money, and future planningThe hidden risks neurodiverse individuals can face in financial decision-making, particularly around trust and complexityWhy traditional financial advice frameworks often fail to capture people’s true relationship with moneyHow advisers can communicate more effectively by adapting how information is presented, rather than assuming one size fits allThe growing role of AI in financial understanding, and why human oversight remains essentialThe conversation also looks forward, asking how AI could help bridge gaps in financial literacy and accessibility, especially for those who struggle with conventional formats, while warning against blind reliance on automated advice.Above all, this episode is about understanding brains, not labelling them, and recognising that neurodiversity is not a weakness but often a source of insight, creativity, and commercial instinct. For Dave, diagnosis became “a key unlocking the brain” — and a catalyst for healthier relationships with money, family, and self-understanding.This is a thoughtful, honest episode for anyone interested in neurodiversity, financial well-being, and the future of advice in an AI-enabled world.

In this special Budget edition of Bassline, Dave is joined by Adrian and Lance for a frank, occasionally exasperated, unpacking of what was billed as one of the most hyped UK budgets in years. That hype, they agree, was largely fuelled by weeks of political kite-flying, leaks, reversals, and noise. When the moment finally arrived, the reality felt underwhelming.All three describe a budget shaped more by political caution than genuine economic strategy — with major measures postponed years into the future, uncertainty built in, and little that resembles a credible plan for growth. The ongoing freeze on allowances (‘fiscal drag’) is likely to be the largest source of revenue, yet it affects nearly everyone. Meanwhile, adjustments to dividend, savings, and rental income tax are seen as regressive and unlikely to generate much revenue.They also question the logic of changes such as reducing the cash ISA allowance and the long-term introduction of a “mansion tax”-style measure, which appears more like the start of a wealth-tax conversation than a serious revenue raiser.From a market perspective, Lance explains that gilts and FX barely reacted, suggesting relief more than confidence. He notes the UK remains inexpensive by global standards but faces structural headwinds, so he has been rotating some exposure towards Asia and emerging markets.Bright spots do exist — mostly things not done. Pension tax-free cash remains intact, inheritance tax reforms didn't materialise, and some pension rules have now been clarified, providing advisers with a clearer path for future planning. However, nothing in the budget prompts immediate action from clients.The conversation closes with a shared sense of anticlimax. The UK’s entrepreneurial backbone — small businesses — receives little meaningful support, and uncertainty hangs over almost every long-dated measure. “Meh” becomes the most honest verdict.

In this episode, Dave Wallace sits down with Cavendish Ware advisers Mat Bonney and Jenny Earl to unravel one of the most misunderstood areas of financial planning: trusts.What begins as Dave’s personal curiosity quickly turns into a clear and engaging masterclass on how trusts work, why they exist, and how they can protect and preserve wealth across generations.Mat and Jenny explain the origins of trusts — dating back to the Crusades, when knights transferred their land to trusted friends while away at war — and show how these same principles of protection, control, and legacy still apply today.Listeners learn how trusts can help families:Control when and how money is used, such as for education or property purchases.Protect assets from divorce, bankruptcy, or mismanagement.Reduce inheritance tax exposure through strategic lifetime gifting.Preserve wealth across generations by keeping assets outside of estates.Mat uses a vivid “river and island” analogy to illustrate how a trust acts as a legally separate entity, bridging the gap between giver and beneficiary — ensuring that wealth flows at the right time and to the right people.Jenny adds practical insights on different types of trusts, how to set them up, and the responsibilities of trustees, stressing the importance of professional advice and long-term planning.By the end of the conversation, what once seemed complex feels logical, even empowering — a reminder that trusts aren’t just for the wealthy, but for anyone who wants to plan wisely and provide for future generations.“It’s about the right money, in the right hands, at the right time.” — Jenny Earl

In this episode, Dave is joined by Rory Maguire from Fundhouse and our very own Lance Peltz for a candid discussion on the state of the economy in the wake of “Liberation Day.” They unpack the real impacts of US tariffs, shifting market sentiment, and the delicate balance between economic forecasts and investment decisions. From the dominance of mega-cap tech stocks to the volatility of crypto, the conversation explores how uncertainty, valuations, and investor behaviour are shaping portfolios — and what AI, jobs data, and global politics might mean for the future.

In this insightful episode of Bassline, David Wallace sits down with Lance Peltz for an in-depth exploration of the current global economic landscape, focusing particularly on the implications of recent developments in the United States and their broader impact on international markets.Lance shares his expert analysis of the uncertainties surrounding President Trump's economic policies, particularly the introduction and fluctuations of tariffs, and their potential impacts on markets, businesses, and global trade dynamics. They delve into how uncertainty and unpredictability are shaping investment strategies, emphasising the importance of navigating through short-term volatility by maintaining a disciplined, long-term outlook.Additionally, the discussion covers significant macroeconomic shifts, including globalisation's retreat into regional trade blocs, the evolving dynamics between the US, China, and Europe, and their influence on global financial stability and investment decisions.David and Lance also briefly discuss the UK’s economic positioning amidst global tensions, including Brexit's long-term effects, trade relations, and the evolving political and economic strategies under Keir Starmer’s leadership.Join David and Lance for this compelling conversation, providing essential insights for investors, market watchers, and anyone seeking to understand the economic forces shaping today's rapidly changing world.

In this episode, Dave and Lance break down the 2024 U.S. presidential election results, which saw Donald Trump secure a decisive victory.They discuss the key factors behind this outcome, including voter dynamics, economic pressures, and niche community mobilisation. The conversation also examines the global trend of incumbents facing backlash, the economic and geopolitical implications of Trump’s win, and what it means for sectors like technology, crypto, and energy.Join us as we unpack how this election reflects broader shifts in globalisation, trade, and security and what it could mean for markets and businesses in the future.

In this episode, Lance and Adrian delve into last week’s budget with a detailed analysis. Lance breaks down the numbers, exploring how Rachel Reeves has raised the borrowing threshold and what it means for fiscal policy. Adrian then highlights key aspects of the budget, discussing its potential impacts on Cavendish Ware’s clients.

In this episode of Bassline, Dave is joined by Lance, to discuss the dramatic fluctuations in the financial markets that occurred shortly after Lance returned from his holiday. Lance dives into the unexpected movements in the Japanese yen and its significant impact on global markets. He explains the concept of the "yen carry trade" and how a surprise rate hike by the Bank of Japan triggered a sharp appreciation of the yen, causing a major sell-off in equities.The episode explores the complexities of currency trading, particularly the yen carry trade, where investors borrow in a low-interest-rate currency like the yen to invest in higher-yielding assets elsewhere. Lance also shares insights into the broader implications of these market dynamics, touching on potential risks, including the unwinding of leveraged positions and the delicate balance of global economic conditions.Throughout the discussion, Lance offers a clear breakdown of the recent market turmoil, shedding light on how unexpected events can create ripple effects across global financial systems. This episode is a must-listen for anyone interested in understanding the intricate mechanisms of currency trading and the factors influencing market stability. Tune in to get a comprehensive view of the financial landscape and what investors should watch for in the coming months.

In this episode, Lance and Dave discuss the current geopolitical landscape and its impact on global markets. They focus on energy prices, the Middle East, and the ongoing COVID-19 pandemic. Lance highlights the significance of the equity market, emphasising corporate profitability, valuations, and dividend growth. He delves into the investment strategies for the 'Fab Four' technology stocks, including understanding their underlying factors.The duo then discuss how inflation affects the economy, including slower interest rate expectations and faster pay increases for lower-paid cohorts. They also discuss how inflation has fallen sharper than expected, leading central banks to signal possible rate cuts.

Roy and Mat talk through some of the highlights of the event that Cavendish Ware ran in conjunction with Kingsley Napley and Moore Kingston Smith.The event included:Market predictions from the economist Russ Mould, offering analyses of investment markets and historical lessons, to help with understanding what the future might hold.A panel of experts hosted by the broadcaster and journalist Dermot Murnaghan and panellists Waqar Shah, Corinne Aldridge, James Ward TEP, Tim Stovold, Roy McLoughlin, James Fulforth and Adrian Ware,  who talked through a series of subjects that delved deep into critical topics affecting our nation's future, including:> Tax Implications: The looming risks associated with potential changes to CGT, IHT, and income tax and the implications for us all> Non-Domicile Tax Regime: How the UK's attractiveness to wealthy individuals might shift, a topic of paramount importance for economic growth and diversity> Investment and Personal Finance: From the VAT on school fees to alterations in pension rules, how these changes could reshape our personal financial landscapes and investment strategies> Employment Law and Wellbeing: The impact on employment law, employee benefits, and mental health and wellbeing were also thoroughly examined, painting a holistic picture of the potential societal shifts ahead.Tune into to find out more....

Lance talks about what is happening in the economy and some things to watch out for in the future. We talk about Bonds, Interest rates and the impact of geopolitical events such as the war in Ukraine, the Middle East situation and the upcoming presidential election in 2024. 

In this extended episode, the tables are turned, and Adrian interviews Dave Wallace and Rob Reed about Generative AI and why it is such an exciting technology. Dave provides a broad perspective, and Rob, a financial planner at Cavendish Ware, talks about how he has educated himself about the topic and why he believes it is such a transformative technology. And how he has become a world-renowned expert on Guinea Pigs thanks to Chat GPT. 

Adrian and Lance chat about the year so far. Adrian discusses Cavendish Ware, including the proud moment of receiving the "Best Financial Advisers to Work For" award from Professional Advisor. Lance talks about what is happening in the economy more broadly and some things to watch out for in the future. 

We discuss why Cavendish Ware has made the move to Discretionary Portfolio Management, why Fundhouse was selected as a partner and get some insight on Fundhouse from its MD, Rory Maguire, including its investment approach. Rory and Lance also chat through the process that they go through when selecting funds. 

In this episode we discuss the events of 2022 with Adrian and Lance. What a year it was! 

In this episode Jack Williams from Cavendishware talks to Tilly Wallace about the things she needs to be thinking about as a young adult, as she considers her financial future. 

Lance chats us through what happened as a result of the mini-budget in the UK. He explains in lay-mans terms some of the technicalities and how Cavendish Ware has responded!

In this episode, Lance Peltz Cavendish Ware's Chief Investment Officer talks us through what is happening in the world today, based on his latest quarterly analysis. 

In this episode, Matt Smith who works in client Support for Cavendish Ware talks about is own personal experience of loss, and how important protection was to helping him in the most difficult of times.  

Cavendish Ware is all about the Planning. But what does that actually mean? In this podcast, Greg Reid reflects on a few experiences and the value of the plan in helping clients live the life they want to lead.

In this episode Roy McLoughlin one of Cavendish Ware's Associate Directors give us a clients eye view on all things related to protecting the things in life that really matter. 

Have you ever looked at your portfolio and wondered how investment decisions are made? For example, the factors that are taken into account when deciding what to invest in? Or the types of assets that make up a portfolio? In this episode, Lance Peltz Cavendish Ware's Chief Investment Officer, demystifys the what, the why and the how of the investment process!  

In this month's episode, Dave and Adrian chat about the topics they will be covering in upcoming episodes. With appearances from special guests,  this will include subjects such as the fundamentals of wealth management, risk, cryptocurrencies, family finances and intergenerational wealth. 

Bassline is the new podcast from Cavendish Ware. Our aim is to talk about the financial and investment topics that matter to you. In our very first podcast, Adrian Ware the founder and CEO of Cavendish Ware talks us through why he founded the business and what makes it unique.