Patrick Malcolm is a Senior Partner and Certified Financial Planner® at GFM Wealth Advisory.
Patrick commenced employment with GFM in 2002 while he was completing his Bachelor of Commerce at Melbourne University. He was employed on a full-time basis in late 2003 and completed his studies on a part-time basis thereafter.
Patrick was responsible for the creation of the GFM para-planning/technical services division, which produces the documentation that is presented to clients at appointments. The scope of this role expanded over his tenure in this position and eventually encompassed many practice management duties. He commenced his current role as a Financial Planner at the start of 2012.
Patrick returned to Melbourne University to undertake a Master of Applied Finance on a part-time basis, which he completed in 2008. He has also undertaken a range of additional studies. Patrick was the second financial planner of the firm to be awarded the Certified Financial Planner® designation. He is a CPA and was designated a Financial Planning Specialist by this organisation.
During this period, GFM has moved its business model to specialise in Self-Managed Superannuation Funds (SMSF). Although GFM has operated and managed SMSFs on behalf of clients since 1999, the significant growth has been largely attributed to GFM’s concentration on managing SMSFs over the last fifteen years. Today, the vast majority of GFM’s client base is SMSF clients. The SMSF service offering is a complete “end to end” offering including SMSF set-up, administration, compliance, ongoing investment advice and accounting.
In 2003, GFM made a significant decision in applying for its own Australian Financial Services Licence (AFSL). The implication of GFM having its own AFSL is that we have no financial institution, bank or fund manager that dictates which investments they recommend or how clients are to be invested. 100% of GFM is owned by staff, and Patrick is a shareholder.
In 2013, GFM acquired accounting firm P. Gruchy and Associates, which has since been renamed GFM Gruchy Accounting. The acquisition has been critical for GFM as it allows the offering of not only comprehensive financial advice but also high-quality accounting solutions.
Patrick is a member of the GFM Investment Committee, which meets monthly to research, select and monitor all the investments on the GFM Approved Investment List. Importantly, GFM has a strong philosophy of direct investing.
Patrick lives with his wife, Liesl and young children, Jakob and Zoe, in the inner city. He is an avid golfer and is a board member of the Peninsula Kingswood Country Golf Club. Patrick is a passionate supporter of Carlton in the AFL.
Get in touch with Patrick Malcolm