Steve Tucker, Paul Heath Launch Koda Capital
11 Dec 2014
RUTH LIEW
The former boss of MLC Steve Tucker and ex-JBWere chief executive Paul Heath have teamed up to launch their own private wealth group, Koda Capital.
The two wealth veterans have secured funding from private equity players, and Koda is hoping to woo high net worth individuals, families and not-for-profit organisations to use its services.
The company will create investment strategies, provide financial planning and advice to clients in the philanthropic sector.
“As we considered the landscape of wealth advice, we saw a gap – that of an independent, high-quality firm, staffed by experienced professionals that serve clients in a manner completely free of the conflicts of interest which exist in many firms,” Mr Tucker, who left National Australia Bank last year following a management reshuffle, said.
“We believe the wealth advice firm of the future is independent.”
“Koda Capital is not aligned with or owned by a financial institution, as opposed to the vast majority of other wealth management firms in Australia. We will have access to the best investment solutions available without any of the structural conflicts of interest which have caused many clients to question the impartiality of the advice they receive,” Mr Heath added.
Mr Tucker and Mr Heath will be joined by non-executive directors Andrew Rothery, who founded Grant Samuel Private Equity, and Lisa Gay, who was formerly general counsel for JBWere and Goldman Sachs.
Read more at afr.com
Latest news
10 Koda Advisers in Australia’s 2023 Top 100
21 Sep 2023
Today US financial investment publication Barron’s, in partnership with The Australian’s business magazine The Deal, released their rankings of Australia’s Top 100 Financial Advisers. The rankings are based on a comprehensive national survey. This list offers clients and advisers a unique guide to the leading practitioners in the sector. The formula used to calculate the...
2023 Top 100 Financial Advisers: Frank Macindoe, Koda Capital
21 Sep 2023
For Frank Macindoe, the challenge in long-term investing is to ignore the noise and determine the underlying trends. The adviser and partner at Koda Capital in Sydney takes a considered, multiyear investment approach that aims to minimise volatility while achieving superior returns. “I try not to be distracted by the short term, ” he says....
Subscribe to Koda insights
*Please note that the majority of research Koda produces and distributes is client-access only. Subscribing to the insights distribution list will only give you access to publicly available Koda reports.