Perth advisory founder to depart after 25 years
Capital Partners Private Wealth Advisers has announced a new managing director to take over from David Andrew as he steps down after 25 years.
Andrew founded the firm in 1999, and helped it to grow to $2 billion in assets under management and a team of 50 professionals.
He will step down in January 2025 and be replaced by Charmaine Lamprecht who is currently the firm’s principal and chief operating officer.
Lamprecht joined Capital Partners in 2012 as an operations manager and was promoted to chief operating officer in July 2018.
The firm noted the move was part of a five-year leadership transition plan, which the firm enacted in order to ensure multigenerational leadership for its clients and a robust team.
Andrew said: “After 25 incredible years at the helm, I’m excited to see Charmaine take over stewardship of the firm. She is the perfect fit for the role, and I have every confidence in her ability to lead the firm into its next chapter.”
Lamprecht commented: “I am honoured to be the next managing director. My journey with Capital Partners has been incredibly rewarding, and I look forward to continuing our commitment to client success and innovation.
“As we look ahead to the next 25 years, I am excited about the opportunities that lie ahead and am committed to leading our team with the same dedication and passion that has brought us this far.”
In August, another Perth advice firm, Succession Matters, appointed Luke Towers as a partner.
He had joined Succession Matters in October 2020 from Capital Partners where he worked as an insurance adviser. The firm said his promotion would provide continuity for clients as well as demonstrate the commitment of the business to create career pathways.
Managing director Adam Smith said: “I could not be prouder of Luke for his dedication to providing clients the highest standards of advice and service, as well as his personal commitment to ongoing professional and personal development displayed since joining the practice.
“The partner appointment has provided the foundation for the continuity of the practice. It also reflects the commitment of Succession Matters to provide business owners with quality planning strategies, in particular focused on unforeseen contingencies that may result in the involuntary exit of a business partner.”
AUTHOR
Laura Dew
Recommended for you
The strategic partnership with Oaktree Capital and AZ NGA is likely to pave the way for overseas players looking to enter the Australian financial advice market, according to experts.
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
Increasing revenue per client is a strategic priority for over half of financial advice businesses, a new report has found, with documented processes being a key way to achieving this.
The education provider has encouraged all financial advisers to avoid a “last-minute scramble” in meeting education requirements prior to the 31 December 2025 deadline.
