Two NAB Wealth financial advisers specialising in non-profit and philanthropic clients have left to join former JBWere chief executive Paul Heath’s private wealth firm Koda Capital.
In a statement issued by the recently launched firm yesterday, Mr Heath announced that former JBWere advisers David Knowles (pictured) and Chris Wilson have been appointed to the Koda partnership, describing them as “two of Australia’s top non-profit and philanthropic advisers”.
“David and Chris are leaders in this specialist field, attracting more than $1 billion in funds under management and advice over the last three years while at JBWere.
“Philanthropic and non-profit advice is one of the core pillars of Koda’s independent, fee-for-service offering and we have started with the best in the field,” Mr Heath said.
Commenting on the move, Mr Knowles said the ability to provide their niche advice services in an “independent environment” was a top factor in the decision to join Koda.
“Charities, government, corporates and individuals have struggled to solve social problems in isolation, and they now must look to find new ways of working together in order to achieve successful outcomes.
“We are beginning to see these kinds of collaborations in the emerging field of impact investing,” Mr Knowles said.