Perth practice embarks on internal succession plan
Perth-based estate planning specialist Succession Matters has announced a partner appointment.
Established in 2013 by managing director and partner Adam Smith, it has been part of the national Bombora Advice Australian financial services licence since Decemebr 2022.
The firm has appointed senior adviser Luke Towers as a partner, who joined the firm in October 2020 from Capital Partners Private Wealth Advisers which is also based in Perth.
Smith said the appointment of Smith would help in the continuity within the practice and for its clients, as well as demonstrate the commitment of the business to create career pathways.
He 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.”
Towers added: “I am excited to be a partner in a practice that is going from strength to strength, helping clients address an important topic that we are passionate about.
“It’s a privilege to be trusted by clients as we protect their business interests and family members, utilising insurance funding strategies. I’m looking forward to working with fellow partner Adam Smith as we continue to develop and deliver solutions for clients and their advisers.”
Last week, Sydney-based advice firm Esencia Wealth told Money Management how it was building its adviser pipeline in order to retain new entrants. The firm was formed earlier this year from the merger of four separate firms, bringing together around 1,000 clients.
“Part of scale is that it affords you the opportunity to create pathways and invest in people. Career pathways and retention of advisers in the industry is right at the top of our list for what we need to invest in,” chief executive Matthew Fenning remarked.
“We’re going to do our best to make sure that our employee experience and opportunities are on par with those out there.”
AUTHOR
Laura Dew
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