Future IM/Pact expands wealth partnerships; welcomes industry stalwart Brian Delaney

Brian Delaney

Future IM/Pact has announced the expansion of its wealth management partnerships with Morgan Stanley, Morgans Financial, Evans & Partners, and Canaccord Genuity joining the initiative. These firms join foundation private wealth partner, LGT Crestone, strengthening Future IM/Pact’s ability to inspire and support women and diverse talent to pursue careers in investment advice.

Future IM/Pact founder, Yolanda Beattie, said with Australia’s private wealth market projected to reach $3 trillion by 2025, the role of advisers in influencing investment decisions is increasing.

Moreover, female clients are set to be a growing proportion of this market with women forecast to inherit over 65% of the projected $5 trillion intergenerational wealth transfer by 2034. Women are also growing their own wealth at a faster rate than men, and have a preference for gender diverse advice teams1. Yet, Future IM/Pact’s Women in Wealth research found only 13% of senior advisers are women.

“Our passion has always been to bring more women into the capital allocation process, which has such a huge impact on the global economy and society. Australia’s private wealth market matches the superannuation sector for size and significance, and we’re thrilled to be enabling this career pathway for more talented women,” she said.

Five private wealth partners will provide greater scale to connect women at university and in their early-career with top wealth management firms, equipping them with the knowledge, skills and industry connections to pursue this rewarding and important career path.

Industry leader Brian Delaney joins Future IM/Pact

Former QIC executive and current chair of the Fund Executives Association Limited (FEAL), Brian Delaney, has joined Future IM/Pact as Chair of its Advisory Board. With over three decades of experience in investment management, Mr Delaney will play a pivotal role in expanding Future IM/Pact’s partner base and push into career and leadership development programs that target mid and senior level women in the investment sector.

Mr Delaney said he looked forward to drawing on his extensive experience working across a wide range of roles in Australia’s superannuation, investment and wealth management sectors – where he has witnessed first-hand the opportunities and challenges for women building front-line investment careers.

“I’ve long been frustrated with the lack of progress in improving the number of women in investment decision-making roles, and I wanted to play a more active part in the solution. Future IM/Pact’s model of bringing industry leaders together to build the pipeline from the grassroots through to more senior roles appealed as a way for me to make a tangible impact,” Mr Delaney said.