Frank MacDonagh

Leading Australian advice firm Esencia Wealth has announced a milestone in its national growth strategy, merging with FMA Wealth and welcoming renowned financial adviser Frank MacDonagh as a Senior Financial Adviser and as a member of the firm’s Advisory Board.

The merger and appointment underscore Esencia Wealth’s commitment to scaling its operations while maintaining its focus on client experience, innovation and a people-first culture.

Matthew Fenning, Chief Executive Officer of Esencia Wealth, said: “Our merger with FMA Wealth demonstrates our continued commitment to sustainable growth, built on exceptional people and deep client relationships.

“Over 18 months ago we launched Esencia Wealth, created out of a merger between four likeminded advice firms. Since then, we have been in talks with other quality firms looking to join a dynamic, future-focused advice business. We are thrilled to welcome FMA Wealth and Frank, whose passion for his clients and personal values align perfectly with ours.”

Mr MacDonagh brings a distinguished career to Esencia Wealth, having spent 25 years running FMA Wealth, advising high net-worth and professional clients across Australia. He is renowned for advice that stems from empathy and genuine understanding, aligning well with Esencia Wealth’s purpose – to change clients’ lives.

His skills and experience have been honed through decades of client work and senior roles at major investment banks and consulting firms in Sydney, London, and Tokyo, including at Merrill Lynch and KPMG.

On joining Esencia Wealth, Mr MacDonagh said: “It is a natural next step for me as well as for my clients. I have been very impressed by Esencia Wealth’s dynamic approach and vision for the future of financial advice. The opportunity to contribute to the firm’s direction on the Advisory Board, and to work with a relationship-focused team, was incredibly compelling. I look forward to contributing to Esencia Wealth and to our clients’ continued success.”

Mr MacDonagh’s arrival has been warmly received across Esencia Wealth, with his experience reinforcing the firm’s commitment to exceptional client experience, high professional standards, and the development of its people. His appointment adds further depth to the advisory team – presenting a valuable opportunity for team members to learn from an adviser recognised for leading by example, and to grow professionally.

Mr Fenning said: “Experienced leadership is central to our vision of building a world‑class advice business. Our Senior Advisers set the standard across the firm, underpinning our purpose to positively change our clients’ lives.”

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