Welcome to the first edition of The Edge for 2026.

I hope the year has started well for you and your loved ones, and that this Year of the Fire Horse in the Chinese Zodiac brings vitality, opportunity, and forward momentum.

Whilst markets have started 2026 positively, early indicators suggest this year may be more challenging for investors, as well as for Australia’s economy. Political tensions between China and the US remain a key risk and, with China accounting for around 30% of our exports, Canberra’s management of this relationship will be in the spotlight.

Persistent inflation continues to place pressure on Australian households. Given these risks, maintaining a disciplined and diversified investment strategy is recommended. Your Shadforth adviser will ensure your strategy remains aligned with your goals and risk appetite.

I would like to thank those of you who took the time to complete our annual client satisfaction survey. Now in its eighth year, I would like to call out two key very positive measures. Our overall client satisfaction score increased from 91% to 98% and our Net Promoter Score (a measure of client advocacy) increased from 75 to a record 86.

In this newsletter, we look at business succession, outlining key considerations such as communication and planning when preparing for an exit. We also explore the small joys and multiple benefits that can be found in cultivating a hobby in retirement. And as always, the Research Team provide their Market Update for Quarter 4.

As always, should you have any feedback regarding our advice services, please do not hesitate to contact your Shadforth Adviser or me directly at ceo@sfg.com.au.