HeirWealth welcomes industry specialist to the team

HeirWealth, which launched in May this year, was founded with the intent to help facilitate Australia’s $3.5 trillion intergenerational wealth transfer expected over the next 25 years.

Boasting more than 25 years of experience in the financial services industry, Michael Csavas will help the wealth tech platform enhance its service offerings.

Working in sectors such as wealth management, lending, and banking, Csavas has a background in finance, start-ups, mergers and acquisitions, distribution, strategy, and general management,

Prior to joining HeirWealth, he was the general manager of Australian Unity financial advice and personal financial services. He also held the position of acting chief executive of Count Financial, in which he led the firm’s mortgage aggregator, Finconnect, through “significant turnaround and growth phases”.

Csavas said that, over recent years, “technology has not kept pace” with the evolving needs of clients and their advisers, hindering their ability to establish “deeper relationships … and create human connection”.

“I am passionate about the importance of advisers in giving clients peace of mind through the advisory services they provide and helping them with the tech tools to deliver those services, effectively and efficiently,” Csavas said.

“The beauty of HeirWealth is that it offers an innovative engagement platform that transcends the data-driven approach of tools in the market today and is truly valuable to both the adviser and the client relationship, allowing a whole-of-wealth and family group view.

“This is crucial for improving engagement across generations and aids the intergenerational wealth transfer that is gathering pace.”

The founder and chief executive of HeirWealth, Ray Tubman, added: “We are really excited to be working with Michael because he brings expert insights into the daily challenges of financial advisers and accountants, which are important to us as technologists who want to push the boundaries of wealthtech.”

Csavas said he is excited about the opportunity to work with HeirWealth.

“The challenge of scaling something as groundbreaking as HeirWealth for the benefit of adviser’s client relationships as well as their businesses is what truly motivates me,” Csavas said.

“Moreover, it’s not just about the software, but the higher purpose of solving the intergenerational wealth transfer problem, which Ray and the team are passionately committed to.”