About Us
Our team has 150 years of combined experience investing domestically and abroad.
Our disciplined and sustainable approach has been proven over numerous market cycles including periods of intense volatility and market drawdowns.
We have a long track-record of returns superior to both the ASX All-Ordinaries and leading Australian Industry Super Funds.
What does 708 708 708 stand for?
s.708 of the Corporations Act of Australia nominates the thresholds that determine whether an investor is “wholesale or sophisticated.”
Our Investing Model is tailored and applicable to high-net-worth and sophisticated investors only.
Our access to special-situation and private access investment opportunities including private equity, alternatives and private placement investments form a key component of our portfolio construction.
An eligible s.708 investor must have:
- gross income of $250,000 or more per year in each of the previous two years, or
- net assets of at least $2.5 million
Our Performance
Past performance is no guarantee of future returns
Our Team
Matthew Lumb
Matthew has been an investment advisor for over two decades and been instrumental in assisting high net wealth, ultra-high net wealth and family groups manage their wealth.
The opportunity to assist families in protecting and growing their wealth, is something he sees as a great privilege and takes pride in the meaningful impact he has made improving the financial livelihood of his clients.
Matthew offers high-net-worth and family office clients comprehensive wealth management services. These include financial planning, portfolio construction, estate and succession advice as well as asset allocation strategies that include access to private equity, alternatives and equity and debt capital markets.
Matt is widely regarded as a leading wealth manager in the country.
Matthew has completed a Graduate Diploma of Financial Planning, to meet the revised legislation in the corporations act.
Matthew is authorised to provide product advice and deal in: Securities, Managed Investment Schemes including IDPS, Basic Deposit Products, Derivatives Level 2, Superannuation and Managed Discretionary Accounts.
Graduate Diploma of Financial Planning
Max Ludowici
Max commenced his finance career as a metals and mining analyst with a large Wealth Manager in 2009. He became a Financial Advisor in 2010.
Max has significant experience in metals and mining focused investing in a variety of financial markets and cycles. Max has a focus on both wealth management and corporate finance, servicing both domestic and international private and corporate clients.
Max left the financial services industry for three years to serve as General Manager of a mining engineering business, leading its acquisition by a European market leader in 2015.
Driven by a strong understanding of secular and macroeconomic trends, Max works closely with corporate and individual clients to provide strategic investment advice and drive successful outcomes for stakeholders.
Max is authorised to provide product advice and deal in: Securities, Managed Investment Schemes including IDPS, Basic Deposit Products, Derivatives Level 1, Superannuation and Managed Discretionary Accounts.
Bachelor Business majoring in Finance and Accounting
Larry Buono
Larry has been an investment advisor for over two decades with industry experience predominantly servicing high net worth clients and self-managed superannuation funds.
Prior to wealth management, Larry was involved in offshore banking in Hong Kong and Russia involving specialised commercial financing, loan syndication and derivatives trading.
Following his return to Australia, Larry commenced a career in wealth management. Throughout his advisory career, Larry has navigated many market cycles including several major global market downturns. Using this experience and a passion for client service and the resources sector, Larry has helped many clients improve their financial well-being over time.
Larry predominantly assists high-net-worth clients with portfolio construction, estate and succession advice and asset allocation strategies.
Larry is authorised to provide product advice and deal in: Securities, Managed Investment Schemes including IDPS, Basic Deposit Products, Derivatives Level 2, Superannuation, Standard Margin Lending and Managed Discretionary Accounts.
Bachelor of Economics majoring in Accounting
Nick Worrall
Nick has close to two decades of experience as an investment advisor. An early career in accounting has given Nick strong foundational skills in industry and stock analysis.
Nick is known for his dedication to client service with significant experience in portfolio management and asset allocation. Nick is focused on developing long-term, purposeful, and successful relationships with his clients who draw on his considerable experience to help them navigate financial markets.
Nick has a track record of successfully identifying counter-cyclical market opportunities both locally and abroad to generate outperformance for his clients.
Nick is authorised to provide product advice and deal in: Securities, Margin Lending, Basic Deposit Products, Derivatives Level 2, Superannuation and Managed Discretionary Accounts.
Bachelor of Business majoring in Accounting
Sam Fogarty
Sam has more than a decade of wealth management experience. Prior to wealth advisory, Sam founded and successfully exited several private businesses in the education sector giving him strong in-field experience running business operations.
Having developed a passion for financial markets and assisting individuals and families achieve their financial objectives, Sam decided to focus on wealth management. Sam has a strong passion for helping clients achieve their financial goals.
Combined with his extensive industry network and proven track record of consistent returns for his clients, Sam has a strong following in the wealth management space.
Sam offers his clients a dedicated suite of wealth management services including portfolio construction and asset allocation strategies.
Bachelor Business majoring in Finance
Malcom Weber
For more than three decades, Malcolm has been providing high net worth individuals, families and institutional clients with comprehensive wealth management services. These include portfolio construction and asset allocation strategies.
He is passionate about wealth management and has built a reputation for his honest and straightforward approach. He works in a collaborative manner and this has resulted in long-lasting, trusting relationships with many clients.
Malcolm’s personalised approach is complemented by the strengths of the broader 708 team enabling him to deliver consistently above-average returns for his clients.
Malcolm is authorised to provide product advice and deal in: Securities, Margin Lending, Basic Deposit Products, Derivatives Level 2, Superannuation Accounts.
Will Lumb
Will commenced his role at 708 Wealth management as an associate dealers assistant in his penultimate year of University.
Will has since progressed from associate-to-associate financial adviser in-line with his progression of studies and expanding experience.
Will has a strong foundation in portfolio construction as well as alternative and private equity investments.
Over the past 4 years Will has worked in partnership with firm directors Matthew Lumb and Max Ludowici. This team works with a diverse range of clients including high net worth and ultra-high net worth individuals.
Will adopts a highly proactive approach with client engagement helping deliver exceptional service to 708 clients.
Bachelor of Commerce majoring in Accounting
Jordan Harrington
Jordan has close to a decade of operational experience in the wealth management space.
Jordan has a passion for process improvement and strategic planning and has a strong track record of enhancing operational efficiencies and ensuring rigorous compliance with industry protocols and standards. Jordan leverages data analytics to streamline workflows and offer exceptional client service.
Jordan plays a pivotal role in supporting the firm’s growth and delivering a top-tier wealth management service.
Jordan manages all aspects of 708 WM’s operational functions and has close ties with clients and service providers of 708.
Bachelor of IT majoring in E-commerce.
Our Approach
We are committed to protecting, managing and growing the wealth of our clients.
Our decades of experience pursuing strong, defensible and diversified returns have resulted in positive outcomes for our clients.
Our wealth management team merges industry experience, an emphasis on due-diligence and comprehensive research access across domestic and global asset classes, ensuring we identify the best investment opportunities.
We specialise in delivering solutions that produce outcomes through all market cycles. We pay specific attention to risk management and portfolio stability during periods of heightened market volatility.
We dedicate ourselves to ensuring outcomes align closely with our client’s goals.
Our Principles
A relationship of trust
A relationship with a wealth manager is one built on trust. We inspire confidence in our process and capability from the start of your investing journey with us.
Trust forms the foundation of our interactions, empowering clients to make informed decisions about their wealth.
A culture of partnership
Our business was founded by experienced and entrepreneurially minded investment professionals to excel in providing high and UHNW wealth management and advice.
Ensuring we make the most informed decisions about your wealth is our core philosophy.
A history of success
Our wealth management services are underpinned by over 150 years of collective experience. The unique skills of each of our team, contribute to our long-term success.
Clients leverage from our extensive industry and market knowledge.
A passion for excellence
We can tailor our services precisely to the needs and goals of each client, ensuring that their financial goals are at the forefront of every decision we make.
We offer a highly engaged and personal service that is streamlined, efficient and we make sure we are always accountable.
Why choose an investment advisor?
An investment advisor provides guidance and market expertise. They can help you focus on taking constructive action that adds long-term value, not make impulsive uninformed decisions.
Clients of 708WM often need guidance with the following:
- Creating a financial plan that aligns with their goals and risk tolerance
- Diversifying their asset base to supplement holdings in real estate and cash
- Building a financial portfolio that focuses on providing an additional income stream
- Staying disciplined through market volatility
- Providing access to alternative financial products only available to selected wealth managers
Community Initiatives
We support community and charity initiatives across Africa, fostering growth, education, and well-being for a brighter future.
