From the founder
Growing up, I witnessed my father create his mortgage broking firm from scratch. He approached it brick by brick initially, then eventually more strategically, like manoeuvring chess pieces ahead of time. Over the course of twenty years, he grew the company from a one-man operation at home (the backyard decking being his boardroom), into an award-winning network of brokers, consistently topping national league tables annually. With no intention of sounding inflated, his achievement is further is underscored by the additional headwind he faced having arrived in Australia speaking very little English.
The success of my father’s creation is not unique, nor his achievements unsurpassed by others. There have been many other bigger and faster growing companies created since then. But I raise this example with only a small nod to the outcome. The main course is reserved for the mentality and process of founding a company. The drive and hunger founders exude, to will their company into growth is what showcases the best of human nature. And this very essence of not accepting the status quo, to stare into the face of quick short-term profits, turn them down in favour of truly generational growth, to create a company that spans more than a lifetime; this same ethos is the very genesis of the world’s largest companies today. When owners and managers are truly aligned for the long-term instead of annual personal bonuses, corporate magic happens.
I would be reminded by this lesson time and time again during my career as a financial regulator, consultant and investment banker. The very best companies I worked with all exhibited the same traits. That same spirit as what I witnessed in my father. And like a recurring dream, it took a while for me to recognise these patterns of long-term success, especially given my role at the time was deep in company lines, focused on strategic execution and practical implementation. It was only when I zoomed out and donned the lens of an investor that these previously disparate observations began to click together.
The foundations of highly successful companies are set with the same brand of concrete – a relentless long-term view and ability to make strategic choices with zero regard for short-term market expectations (which in practice is much harder than theory suggests). This special brand of concrete can only be made when an over-arching guiding hand of a founder has the clear and majority influence to unequivocally decide what is in the best interests of the company over the long-term.
In business, never underestimate the importance of ‘skin in the game’.
And this is how I invest. I uncover the best. The best founder-led companies around the world, before they become mainstream. I look for the game changers, the legacy makers. Founders who are creating something beyond their lifetime. Our strategy navigates the naturally advantageous universe of founder-led companies but refines further to select only those of the highest quality. This how our success is achieved.
Prior to founding Lumenary in 2017, Lawrence was an investment banker with Royal Bank of Scotland and Bank of Tokyo-Mitsubishi, a financial advisor with Deloitte, and worked in risk management as a financial regulator with the Australian Prudential Regulation Authority (APRA). Lawrence's personal capital is significantly invested with Lumenary.
Lawrence holds a Master of Applied Finance, Graduate Diploma in Corporations & Securities Law and Bachelor of Commerce (Actuarial Science), all from The University of Melbourne.
Phil has over 20 years of management experience operating at CEO, Managing Director and Board level across Australia, Asia and the UK. Phil is currently also a Non Executive Director of Credit Corp Group Limited (ASX:CCP) and Chairman of Xpon Technologies.
Phil’s previous roles include CEO and Managing Director of Countplus Ltd (ASX:CUP), CEO of Total Financial Solutions Australia, a financial advisory network, and Head of Credit Cards at Commonwealth Bank of Australia.
Phil was also previously Founder & Managing Director of Aris and Associates, a management consulting firm. Phil brings significant experience growing businesses from the ground up and now provides strategic input to Lumenary.
- Master of Management – Macquarie Graduate School of Management
- Bachelor of Economics – University of Western Australia
- Diploma of Financial Services, Financial Planning – FPA
Ian is a pharmacist, entrepreneur, board director and national advocate. He has spent over 30 years in advocacy and board roles at state and national level. Ian is a former Chairman of Guildlink and Director of Guild Group, a national general and professional indemnity insurer to most allied health practitioners in Australia. Guild Group is also the trustee for Guild Super and Childcare Superannuation funds.
As an entrepreneur, Ian has previously established and grown pharmaceutical and medical practices, as well as a complimentary medicines business that became a multinational manufacturer and distributor across Australia, Singapore and the Middle East.
Ian brings a deep understanding a range of industries and understands the true value of businesses which possess a founder’s spirit.
- Master of Business Administration – University of Adelaide
- Graduate Diploma in Company Directorship – University of New England
- Bachelor of Pharmacy – University of South Australia
Jo-Anne is an experienced senior executive and board director who has worked for 30+ years predominantly in financial services, and specifically superannuation and financial advice, focusing on client engagement, leadership and innovation.
Jo-Anne is currently a Non Executive Director on the trustee boards of Colonial First State superannuation and investment entities. She is also an Advisory Committee member of Financy, and a strategic advisor to Novigi.
Previous roles include Senior Partner of Mercer, a global funds management advisor and asset management firm, Non Executive Director of the Association of Superannuation Funds of Australia (ASFA), and CEO of the Financial Planning Association of Australia (FPA).
Jo-Anne is interested in contributing to the rise of financial firms that are doing things differently - operating ethically and for the long-term benefit of clients. Jo-Anne brings significant institutional experience to Lumenary's Advisory Panel.
- Bachelor of Commerce – UNSW
Endurance over the ages
Investing for the long-term is a given; endurance extends to the running of our firm with a mindset of creating a generational legacy, the actions we take to preserve our reputation and the gravity with which we assume our responsibilities.
Evolve and adapt
Our core values and how we conduct ourselves will never change.
But investment strategy is different; markets are never stagnant. It is absolutely necessary to remain curious and inquisitive in order to adapt, survive and evolve with each investment era.
485 La Trobe Street
Melbourne VIC 3000