Shaw and Partners nabs Macquarie Canberra advisers

According to a statement, Shaw and Partners has hired five financial advisers and two support staff from Macquarie Private Wealth to establish its Canberra location.

The office will be managed by Stephen Johnston and will have wealth management advisers Rod Sutherland, Tom Kenyon, Penny Ponder and Neil Robertson. The team will be supported by office manager Doreen Morris and dealer’s assistant Kim Palmer, the statement said.

The new advisers will start their new roles as soon as they satisfy their respective legal obligations to their former employers, the statement said.

This does not include Mr Johnston, who left Macquarie in 2015, and Ms Morris, who left in April 2017, according to their LinkedIn profiles. 

“Whilst our focus has always been on our five state offices with no intent to expand beyond these locations, this was an opportunity that was too good not to pursue,” said Shaw and Partners co-chief executive Earl Evans.

“Canberra is a growing and affluent market and I know that, with the high profile of all of the advisers who are coming on board, our new Canberra branch will be a huge success from the start.

“All of the advisers who have signed on to Shaw and Partners in Canberra today are first-class advisers and we are very proud to welcome them to the team.”

At the same time, Shaw and Partners has welcomed two former Macquarie advisers and one former Morgan Stanley adviser to its Adelaide location.

The latest appointments join a string of former insto-aligned advisers who joined Shaw and Partners over the last two years.