Perth advice firm targets $1bn FUM
Less than six months after launch, Perth-based Leeuwin Wealth has gained $500 million in assets under management and set ambitious future growth targets.
The firm was launched in November 2024 by four individuals, three of whom worked together at Canaccord Genuity, to offer wealth management and corporate finance services.
The five founders are managing director Jane Tandy, head of financial advice Jason Featherby, head of institutional sales Michael Brindal, executive director Aaron Young and corporate finance specialist Aaron Constantine.
Tandy, Brindal, Young and Constantine all worked at Canaccord Genuity as chief operating officer, director of wealth management, associate director and managing director for investment banking, respectively, while Featherby was a director at Western Australian financial services firm Knight Group.
Since then, the firm has accumulated $500 million in funds under management (FUM) and has a target of $1 billion within the first 12 months. Its target demographic is high-net-worth clients with $250,000 for financial planning and Western Australia-listed companies for its corporate finance services.
As well as the original founding members of staff, the firm has appointed 10 individuals across a range of roles, including Liam Stocklinger as chief operating officer, Jackline Malongo as client services officer, and Jakeb Shine as an associate adviser.
At 15 individuals currently, the firm is targeting 20–30 staff in the future.
Tandy said: “We recognised there were fewer offerings for West Australian investors and more barriers for people to engage in financial advisory services.
“Clients want bespoke solutions when it comes to wealth management, in particular in WA, where we are surrounded day-to-day by so many of the major ASX-listed companies.
“Many of these names have seen a significant amount of growth in a relatively short period, and WA investors want the flexibility and accessibility to be a part of their story. Being a small but extremely experienced team, we see ourselves as offering a solution during a time where the industry is consolidating.”
Earlier this month, national advice firm Wilsons Advisory opened its first office in WA in order to provide advice to the state’s mining and resources companies, particularly in capital raising and M&A.
This was echoed by Leeuwin Wealth’s Constantine who praised Western Australia’s growing business scene.
“Our state is the California of the 21st century and our team has total conviction in our economic future, while understanding WA investors have a strong interest in what happens around them.
“We are an entrepreneurial state with new companies being created every week. We can offer those companies a unique mix of services, connecting them directly with WA investors and helping to grow their businesses.”
AUTHOR
Laura Dew
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