Melbourne adviser launches financial advisory community

financial advice financial advisers Melbourne

20 September 2023
| By Laura Dew |
image
image image
expand image

Melbourne adviser, Tim Townsend, has launched his own financial advisory community called WealthLeaders eXchange. 

Townsend has created the organisation in association with Samantha Noy, executive officer at the CFA Societies Australia and Graeme Miller, investment analyst at Watershed Funds Management.

It hopes to bring together financial advisers with fund managers for collaboration and to help each party understand the other’s needs and challenges. 

His financial advice and private wealth firm TownsendCobain is based in Melbourne and offers comprehensive wealth management services to individuals, families, and privately held companies. 

He has been in the industry for 25 years including time at Outlook Financial Planning, Perpetual Private Clients, and as chief executive of WHK Melbourne, a financial planning division of wealth management and accounting firm WHK Group.

Townsend said: “What we’ve observed over recent years is a fragmentation of advisory networks, which has made it increasingly challenging for advisers to connect deeply with their peers, especially concerning investment-related matters. 

“With WLX, our vision is to create a dynamic platform that empowers leading advisers to exchange ideas and insights, ultimately raising the bar for best practices in our industry.”

The organisation has two forums planned in Melbourne and Sydney in 2024 and has signed up Warakirri Asset Management as a foundation sponsor. 

Stuart Devlin, head of distribution at Warakirri, said: “WLX presents an exceptional opportunity for us to collaborate with top-tier advisers, share invaluable insights, and contribute to a community dedicated to delivering best-in-class investment solutions for clients.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

1 month ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month 1 week ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

2 weeks ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

1 week 3 days ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

1 week 2 days ago