‘Exciting new era’: Sherlock Wealth appoints new CEO

As of 1 October 2024, Andrew Sherlock will be taking over from his wife and business partner, Jacqui Sherlock, as the chief executive of Sherlock Wealth.

Initially established in 1970 by Andrew Sherlock’s father, Reg Sherlock, the advice firm is now in its second generation of family ownership.

Taking a “family office approach”, the firm’s long-term and multigenerational client base primarily constitutes senior executives, professionals, business owners, and self-funded retirees, providing “sophisticated lifestyle and legacy outcomes” to wealthy Australians through holistic and complex financial planning.

As a chartered accountant with a background in fund management, Sherlock joined his father’s business in 2000 and established the comprehensive wealth planning division.

In 2014, Jacqui Sherlock also joined the business. Upon Reg Sherlock’s retirement in 2017, Jacqui was appointed chief executive, and Andrew became the head of advice.

With Andrew Sherlock set to take over, the firm declared this an “exciting new era for the company” following this appointment.

Sherlock said he is “looking forward to spearheading the next stage of transformation” in the business as the firm continues to scale in order to meet the growing needs of its clients.

“Our clients and our team are at the centre of every decision we make. I will still have full oversight across our financial advice and service offering while increasing my involvement in driving innovation and strategic direction,” he added.

While Jacqui is stepping down from the position, she will maintain her involvement in the business as an owner and board member.

Celebrating his wife’s contributions to the business, Sherlock said: “Jacqui’s strategic strength, leadership style, creativity, hard work and dedication to our team are key to the strong position we’re in today.”

He added that the firm is well positioned to take the next steps to continue growing the business.

“Our excellent management team, as well as our client advice and service experts, make us well placed for this next chapter,” Sherlock said.

“We are feeling really positive about the future and are looking forward to sharing some more exciting announcements in the coming weeks and months.”