About us

Crystal Wealth Partners' primary focus is the provision of financial advice, investment management and personal client services to a select group of Australian and International households.

We are a boutique, Australian based business that provides a range of authorised financial services under the Corporations Act 2001. We are privately owned and proudly so. Our services are not influenced through any institutional ownership arrangements to recommend or direct you towards any particular financial product. Only financial products that are determined by us to be appropriate for your needs will be recommended, regardless of the sponsor or issuer.

We develop or source only high quality services that we believe are appropriate for our clients and capable of delivering tangible benefits to them. Our options are flexible and more importantly, tailored for each client situation.

Our directors and senior management have over 80 years of collective financial services industry experience encompassing personal financial advice, investment management and administration, superannuation and retirement planning, specialist self managed superannuation fund services, life insurance and intergenerational wealth planning issues.

Our 'hands-on' experience has been acquired through boutique and large financial institutions, consultancy practices, industry policy work and technical representation to Government as well as executive management of other licensees. Opinion and insights are regularly sought for professional development forums, specialist advice workshops, national conferences and media commentary.

Crystal Wealth Partners is led by two Executive Directors Tim Wedd and John McIlroy

 

Our Directors

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Tim Wedd

Prior to establishing Crystal Wealth Partners, for over a decade Tim led the specialist technical education and consultancy practice Financial Essentials which was eventually acquired by Fairfax Media in 2008. He is widely recognised within the Australian industry as a leading technical specialist, financial educator and financial planning strategist within financial services.

Specifically, Tim has over 28 years ‘hands-on’ experience in specialist SMSF , technical, consulting and financial planning roles for major institutions including MLC, AXA, AMP, Colonial/CBA, ING/ANZ and HSBC.

Tim is a former Director of the specialist SMSF and investment administration business Multiport and a former Director and Chairman of the Australian Retirement Income Streams Association (ARISA), which merged with the Financial Services Council of Australia in 2002.  As a member of the FSC Superannuation Working Group, Tim was actively involved in industry policy work and technical representation to Government.


 

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John McIlroy

John’s career has spanned the financial services, accounting and tax fields for over 28 years.Over the period, John has been at the forefront of many new financial product developments within the industry including the very early development of allocated pensions, annuities, ‘wrap’ accounts, advanced administration services for SMSFs and has been involved with managed discretionary accounts for around 25 years.

He has written four books on superannuation including the best-selling ‘Superannuation Explained Simply’ and held key management roles within institutions including Deutsche Bank and more recently AXA/AMP.

John has held numerous industry positions and qualifications including being  a Director of the Small Independent Superannuation Funds Association (SISFA),  member of CPA and IMAP,  former member of the ATO Superannuation National Tax Liaison Group, Graduate of Australian Institute of Company Directors, registered tax agent and a Justice of the Peace.


 

Our Team

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Keith Verner

Keith is a highly experienced financial adviser who has been advising clients for more than three decades on all aspects relating to their personal financial planning needs. During this period Keith has also advised employers on executive remuneration policy and corporate superannuation.

Keith has been a Senior Financial Adviser with Crystal Wealth Partners since 2013 and continues to look after clients who he has been advising, in many instances, for more than 20 years. He takes a personal approach to financial planning, and takes a genuine vested interest in his clients personal situation and circumstances.

Keith is a Certified Financial Planner, Fellow of Institute of Public Accountants, SMSF Specialist Adviser, Registered Tax Agent and a Justice of the Peace.  Keith is also an active member of our Investment Committee.

 


 

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Louise Lakomy

Louise has a wide range of experience and depth of knowledge in all facets of financial planning providing advice over 15 years specialising in retirement strategies. Louise has also worked in private banks where she managed large portfolios of high net worth clients across both the retiree and wealth accumulation markets.

Louise joined Crystal Wealth in 2014 and became a Director in 2015. She takes a holistic approach to planning which ensures client objectives are consistently met. She works one-on-one with her clients to bring clarity, direction and organisation to their financial affairs.

Louise is a Certified Financial Planner who also holds a Masters of Business Administration majoring in finance and funds management, a Graduate Diploma in Financial Planning and a Life Risk Specialist designation and is a Graduate of the Australian Institute of Company Directors. She was actively involved as a Board member of the Financial Planning Association of Australia for 6 years for which she received FPA Distinguished Service Award and Fellow Award. Louise is currently a Director of the Financial Ombudsman Service and was a finalist for Financial Planner of the Year for 2015 Women in Financial Services Awards. She is also a Justice of Peace.


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Lisa Fowler

Lisa has over 15 years of experience in the financial services industry specialising as a private client adviser for the last 10 years.  During this time she advised clients and families on a variety of wealth management matters, including structuring, cash flow management, retirement planning and estate planning.  Her experience has included advising at two Australian private banks and an independent advisory practice prior to joining Crystal Wealth in 2012. Lisa has high technical skills and specialises in development of financial strategies for clients.

As Head of Advice Solutions Lisa is responsible for ensuring that all financial advice provided by Crystal Wealth is of a high standard. Lisa holds a Bachelor of Commerce and Graduate Diploma in Financial Planning and is a member of our Compliance Committee.


 

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Veronika Kardasova

Veronika has been working in the financial services industry in senior roles, specialising in SMSF for more than 7 years. In 2013, Veronika has brought to Crystal Wealth comprehensive knowledge of the business accounting, payroll and HR processes along with passion for client service and process efficiencies. Her previous experience has included wide range of responsibilities for financial, HR and payroll procedures and reporting for the SMSF business including overseas operations.

As Operations Manager Veronika manages Company finances, HR, compliance and client administration and reporting. This role encompasses working closely with external auditors, regulators and service suppliers to the business. Veronika holds a Master of Professional Accounting degree and is enjoying the variety of her role.


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Chris Murray

Chris has been providing personalised financial planning and investment advice for over 20 years to high net wealth clients in private banking and financial markets. Chris has built successful relationships with clients providing advice and solutions to their diverse needs and complex financial arrangements. He has assisted clients across a broad range of financial planning needs such as retirement planning, superannuation structures, intergenerational wealth, caring for vulnerable family members, tax effective wealth, philanthropic advice and cash flow management.

Chris joined Crystal Wealth Partners in 2016 as a Senior Financial Adviser. He spends considerable time with clients to understand the values important to them, such as their needs, objectives, goals and aspirations. Chris has a personal approach to a client’s needs to ensure their wealth and their family’s future is secure.

Chris is a SMSF Specialist Adviser and holds a Graduate Diploma of Financial Planning and Diploma of Financial Markets. He is an AFP Member of the Financial Planning Association of Australia and a Specialist Member of the SMSF Association.

 

 

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Chris Barrett

Chris has been involved in financial planning since 1992 following a previous career in international banking in London and Sydney. His focus has always been on personal financial planning, with particular emphasis on ongoing management of self-managed superannuation funds as an integral part of each client’s retirement planning. Many of his clients have been with Chris since the early part of his career.

Chris joined Crystal Wealth in January 2016 as Senior Financial Adviser following the merger of his former practice with Crystal Wealth. He is also a member of our Investment Committee.

Chris has always focused on providing a ‘whole of life’ and personalised service to clients. He seeks to ensure that all aspects of a client’s financial security are taken care of, from wealth accumulation through wealth protection and preservation ultimately to the wealth distribution stages.

Chris is a Certified Financial Planner and is a member of both the Financial Planning Association of Australia and the SMSF Association of Australia.


 

How we work

Our approach relies on building an effective working partnership with you, in close cooperation and consultation with any other professional advisers required, to provide the financial services that are most appropriate to your needs. This includes working with accountants, lawyers and other professionals or agencies to address your objectives.

In practice, our partnership usually commences following an initial meeting with you, where you provide us with information about your particular circumstances or issues. We can then determine the scope of potential advice and other potential services required. Following discussion with you, we prepared a detailed personal statement of advice which maps out the plan to address your objectives.

Upon acceptance of any specific advice recommendations, generally we would then enter into an ongoing service agreement with you to establish, administer and report on your total financial arrangements (including investment and superannuation portfolios across any type of tax entity or family structure).

As a part of ongoing services, we provide you with daily updated  portfolio reporting and full transition information. All ongoing services and costs are set out in a personal agreement we have with you.

 

Our investment philosophy

The foundations of our investment management philosophy are built on a global view across all asset classes with a particular focus on dynamic asset allocation to achieve long-term returns.

A key principle is to implement a well-established and disciplined approach for managing assets at all times with the objective of controlling downside risk and minimising potential disappointments. It means having conviction of our ideas and selecting investments accordingly. Where possible, we favour directly invested options rather than managed funds, as we believe this helps reduce the impact of 'middle management' charges as well as control the overall cost of portfolio management to you.

Our approach is to actively manage each portfolio in accordance with an individual agreed risk tolerance, while also seeking out and evaluating alternative investment options that may provide good medium to long term investment opportunities. Alternative asset classes such as hedge funds, private equity, real estate and commodities may also be used as a diversification tool to lower risk and increase returns where considered appropriate.

While we have extensive 'in-house' investment capability, we will also engage third-party managers for specific purposes. Through our stringent selection process, third party managers are chosen to provide diversification and/or opportunities that are not otherwise readily available. Actively managed, each client portfolio is overseen by an overlay manager that carefully monitors the portfolio with a focus on maximising after-tax returns.

 

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