Matt Fenning
Leading Australian financial advice firm Esencia Wealth has announced its merger with Generation Wealth Partners, a Sydney-based practice specialising in high-net-worth clients, adding approximately 250 clients to the firm and further advancing its vision to support 10,000 clients nationally.
Generation Wealth Partners has built a high-quality advice business centred on enduring client relationships and exceptional client care. Joining Esencia Wealth represents the next chapter in the firm’s journey, providing access to a broader range of specialist capabilities, greater resources and deeper expertise across the business.
The merger brings principals Peter Lee and Joe Jutrisa to Esencia Wealth, with both joining as Partners and Senior Financial Advisers.
In addition, the merger brings together two firms with a shared commitment to excellence, meaningful client outcomes and changing clients’ lives through great financial advice; and expands Esencia Wealth’s presence in the high-net-worth market.
Matthew Fenning, Chief Executive Officer of Esencia Wealth, said the merger reflected the growing number of quality advice firms looking for a long-term partner that aligned with their values and approach to client care.
Mr Fenning said: “Peter and Joe have built a great business based on trust, strong client relationships and a genuine commitment to doing what’s best for their clients. Their values, approach and focus on client outcomes align closely with the culture we are building at Esencia.
“By joining Esencia, Peter and Joe can spend more time focused on what they do best, helping clients achieve their goals through great advice, while their clients benefit from the broader capability, resources and depth of expertise across our business. It also creates the capacity for them to help more Australians access great financial advice in the years ahead. Generation Wealth Partners is a great example of how we can preserve what makes a business special, and we’re delighted to welcome Peter, Joe and their clients to Esencia.”
Mr Lee, incoming Partner and Senior Financial Adviser at Esencia Wealth, said: “We started Generation Wealth Partners because we believed there was a better way to serve clients and their families, with genuine relationships, personalised advice and a real focus on the long term. Joining Esencia Wealth means we can keep delivering on that promise, while giving our clients access to the depth of expertise and resources that come with a growing national firm.”
Mr Jutrisa, incoming Partner and Senior Financial Adviser at Esencia Wealth, said: “The connection we had with senior people at Esencia made this decision straightforward. We have a shared vision about the kind of firm we want to be part of, and the kind of advice we want to deliver. I’m excited about what we can offer our clients as part of Esencia and the opportunities that lie ahead as we continue helping them achieve their financial goals.”
Jeff Singh of Chase Corporate Advisory acted as adviser on the merger.
The merger with Generation Wealth Partners follows Esencia Wealth’s merger with Cove Financial Group in June 2026, and its Queensland expansion in April 2026. Since launching in 2024, the firm has completed a series of mergers as part of a deliberate strategy to bring high-quality advice practices, their clients and their people together within a growing national business. Esencia Wealth has indicated that further strategic growth initiatives are expected before the end of the calendar year as the firm continues to execute on its long-term vision of building an enduring world-class advice firm.
Mr Fenning said: “We are building a firm where great advisers can do the best work of their careers and where clients receive the advice they need to achieve their goals with confidence. Through our focus on innovation, exceptional client experiences and investing in our people, we are creating an enduring world-class advice firm that will continue changing clients’ lives for generations to come.”