
Posted 21.12.2021 in Company News
It was the best of times; it was the best of times! (apologies to Charles Dickens)
It has been a surreal year as we dodged the worst of the Covid challenge, while we continue to grow our team and our capabilities. It seems strange that amid such turmoil, many businesses are thriving.
One of our biggest achievements for the year was Chris King’s retirement. As co-founder we marked the end of a career in financial advice that saw him become one of the best advisers in Australia. Chris was sought out by business owners for his pragmatic clear thinking for which he is renowned. Thankfully, he has decided to continue working with us as an Elder of the Firm.
Chris’ retirement also helped us progress our succession plans which are now well advanced. Across the business we have ten shareholders, with Gen2 owning almost 40 percent of the business. We have also begun implementing a transition of the day-to-day leadership and management of the firm. Our executive group now owns the operational leadership and there is a planned transition under way. We believe we are very well placed to achieve our vision of becoming a multi-generational business.
While we will never pursue growth for the sake of growth, we continually grow because our services are in demand. We are very grateful to be regularly introduced to new opportunities by our professional associates and our existing clients. This year we have welcomed 50 new family groups into the Capital Partners family, and we are delighted that they have chosen us as their wealth management partner.
Each year we recognise those who have achieved significant service with Rakesh Shah reaching 15 years, and Damon Sugden and Sophorn Hak both achieving 10 years of service. We deeply value the commitment our team makes, and we love celebrating these milestones.
Finally, we acknowledge Kathryn Creasy who was honoured by the Financial Planning Association as the Certified Financial Planner Professional of the Year for 2021. This is a remarkable achievement, selected by her peers, on merit, from the 19,000 financial advisers in Australia.
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While we are all looking forward to a well-earned break, we’re also looking forward to 2022 with enthusiasm. We wish you and your loved ones a safe and happy Christmas. Thank you for your support and friendship over the year and we look forward to welcoming you back in the New Year.