As your adviser, we are able to facilitate accounts for you with Australia’s major Banks. We can assess which Bank is the most suitable for you in terms of deposit rates, service levels and product offerings. These relationships also enable our clients to participate in new securities issues or listings that are mainly open to Private Banking clients only. They also enable clients to access borrowings for personal or business use.
International Private Banking Assistance
We have developed relationships with some of the world’s major international private banks. We ensure compliance at all levels. This enables us and our clients to:
Garner research, ideas and innovative financial products around the globe.
Operate overseas bank accounts.
Have assets held or custodised in highly regulated jurisdictions like Switzerland, the United Kingdom Singapore, and the United States.
Purchase and sell securities on all major exchanges around the world that are not available in Australia.
Since we have relationships and scale with the major Australian banks, we have the knowledge of what the best call and term deposit rates are.
Many of our clients outsource the management of their cash to us to ensure that their funds are spread appropriately to manage counter-party risk and placed with the most competitive and strongest institutions.
Our advice entails investing for the optimal term which is determined by the client’s need for liquid cash, investment opportunities and our view on future interest rates.
All accounts and deposits are held directly in our clients’ entities.
Key Client Contacts Within Wealth Management & Family Office
Barry Mendel is the Founder and Executive Chairman of BMF Wealth and associated companies. He is highly respected as a business, taxation and strategic advisor and has acted on behalf of prominent individuals and companies, both locally and internationally. He is a Member of the Institute of Chartered Accountants in Australia and is also a registered CPA.
Barry has considerable expertise and experience in Corporate Structuring, Taxation and Valuation Methodologies, as well as Litigation Support. He specializes in Asset Management and Wealth Creation Strategies and is qualified in ASIC’s prescribed training for Financial Planning Professionals.
Jill is the CEO of BMF Asset Management and BMF International Asset Management. She brings over 35 years’ experience in running Family Offices including global wealth management, financial structuring, portfolio administration and reporting, succession and estate planning. Jill heads up the Wealth Management, Family Office and Succession Planning and brings an in-depth knowledge of Local and International investments to our Clients’ portfolios. Jill is a member of the Institute of Chartered Accountants in Australia, a Member of the Australian Institute of Company Directors and a Justice of the Peace.
Justin specialises in providing in-depth financial analysis and research across all asset classes and global markets. He has 14 years of experience advising institutional, ultra-high and high net worth clients in Geneva, London, Los Angeles, Singapore and Sydney. Justin assists with managing our ultra high net worth client portfolios from a global perspective. Justin is fluent in French. Justin is a CFA® charterholder and is qualified in financial planning training as prescribed by ASIC.
Brad specialises in global portfolio management, investment analysis and family office services. He joined the BMF Wealth team in 2011 for two years before embarking to New York. Brad spent 3 years in New York where he worked as a Private Wealth Advisor with Morgan Stanley Private Wealth Management’s ‘Team Global’. Prior to his start at BMF, he was at PwC in their Private Clients Tax team serving High Net Worth families. Brad has a Bachelor of Commerce from UNSW and is a member of the Institute of Chartered Accountants Australia. He is qualified with ASIC’s prescribed training for Financial Planning Professionals in Australia.