We started in 2015, with WealthO2 MDA and WealthO2 Managed Accounts launching in 2016. As industry practitioners, we saw these two areas as places technology could most easily rectify the pain financial advice practices were feeling. In bringing automation to compliance, execution processing, broker data connectivity, rebalancing and sophisticated performance and analytics, we think we’ve successfully tackled this problem and brought efficiency and scalability to financial advice firms.
Next, we turned to managed funds. Trading managed funds through platforms is extremely expensive, and mFunds has seen sluggish uptake. Enter WealthO2 uXchange. An alternative to both platforms and mFunds, it slots perfectly into existing workflows and offers lower cost and higher transparency than any other option.
Finally, we looked at super. We wanted to develop a different option for superannuation for advisers and their clients – something new, that sits between a super fund and an SMSF, and at a fee comparable to an Industry Super fund. WealthO2 Super Simplifier gives members the personalisation, transparency and flexibility of an SMSF, but for a fraction of the cost. Under this approach, advisers and clients work together to choose a mix of assets that will best meet the goals of each investor. Like an SMSF, client assets are held in individual accounts, but unlike an SMSF, the trustee is APRA-regulated. The benefits of efficiency and scale this model offers means clients enjoy a customised, flexible investment experience but without the SMSF price tag. For a service and solution summary click here.
Meet some of the Team
Shannon Bernasconi, Managing Director and Co-Founder
Shannon has over 20 years’ experience in Financial Services in Australia and abroad. Shannon has recently held the position of Managing Director Australia at Calastone (a global top 50 Fintech innovator company). In the role of MD, Shannon led the strategy, sales and growth initiatives for Calastone in Australia working closely with the Asset management, Banking and Advisor community. Prior to Calastone, Shannon was employed by Royal Bank of Canada for over 8 years in various roles, including Global Product, Strategy and Development and Client Solutions.
Shannon has successfully led key strategic initiatives, provided consultancy to strategic clients, and implemented multiple transformational high profile projects. Shannon brings both vision, a true understanding of where the market is and trends for future direction, a logical and pragmatic approach, and an inspiring energy to all those that work with and alongside her. She has a strong Product Management and strategy skillset with a focus on innovation. Shannon has a Summa Cum Laude BSc Honours in Chemical Engineering.
Colin Bernasconi, Director and Responsible Manager
Colin is a Director of WealthO2. Colin has over 25 years experience in Financial Services in technology, integration, wraps, product, compliance and advice projects and program management. Colin holds a MBA from Macquarie Graduate School of Management, an Advanced Diploma in Financial planning and a degree in Business and Technology. Colin oversee’s the key project initiatives and strategy.
Andrew Whelan, Chief Distribution Officer
Andrew joined WealthO2 in January 2021 as Chief Distribution Officer. In this role, Andrew will lead our business development activities and support existing clients.
Andrew has more than 20 years’ experience in the financial planning industry and brings expertise in advice technology, processes and documentation. Most recently he was head of distribution with Midwinter and has held senior positions with Milliman and Morningstar
E: andrew.whelan@wealthO2.com.au M: 0410391072
Matthew Done, Chief Technology Officer
Matt is the CTO at WealthO2 and has over 20 years experience in information technology across a diverse range of industries. He is a highly accomplished Application Architect and Development Manager with experience managing and implementing several, mission critical, development projects. An agile practitioner, who specialises in horizontally distributed applications for the cloud.
Hong Nguyen – Senior Product Development Manager
Hong is a Product Development Manager at WealthO2 and has over 13 years experience in financial services. Hong has worked extensively on portfolio administration and wealth management platforms in roles across operations, business analysis and product management at Ord Minnett, Iress & HUB24. Hong enjoys working with advisers to develop practical and efficient business solutions.
Catherine Moore, Client Relationship Manager
Catherine has over 20 years experience in Financial Services, ranging from Settlements to Compliance officer held in global firms of the likes of UBS, Macquarie and CIMB. Cat, as she is affectionately known, is a Client Relationship Manager and on boarding specialist helping our clients leverage the best of our service and channels their valuable feedback.
Gillian Gilmore WealthO2 Academy Practice Lead
Gillian Gilmore is WealthO2’s Academy Practice Lead. As WealthO2’s official learning resource, the WealthO2 Academy aims to educate users on the WealthO2 system as well as providing free education for advisers to assist them in meeting their ongoing CPD requirements. WealthO2 is passionate about intentionally crafting the user experience so that service to our WealthO2 clients is exemplary. Gillian has more than 20 years experience in senior roles in financial services focussing on all things learning and development
Antonina Mihelyk, Client Relationship Manager
Antonina Mihelyk is the Client Services and Relationship Management team in WealthO2’s Sydney office and has been working closely with our clients for over 3 years. Tonia has extensive experience in client onboarding, Super to pension and other Super restructuring activities and is always helpful and proactive with advisers to ensure a great client experience.
Tonia is a multilingual specialist with over 15 years of career across diverse range of industries where she held various positions in international franchising, marketing and business communication.
Tonia holds a Master of Arts degree from Kings Own Institute in Sydney as well as a Master Degree in Languages and business communication from University of Constantine the Philosopher, Slovakia.
Peter Sawtell, Operational Excellence
Peter Sawtell has over 25 years in financial services and is an innovative and highly motivated member of the team. His experience in the banking, insurance, superannuation & financial services sectors, is coupled with project management and business analysis skills. Peter plays a key role in the development, operations and quality control of our service.
Our Board and some of our Shareholders
Neil Roderick Chairman
Mr Roderick worked for Macquarie Bank for 14 years, retiring in 2013 as chief operating officer (COO) of the banking and financial services group. Whilst at Macquarie, he founded Macquarie Wrap, the Professional Series, and retail life insurance businesses, as well as leading the Cash Management Trust. In addition to these key achievements and experience, Mr Roderick held the position as Head of the Macquarie Adviser Services Division. Mr Roderick holds a BSC MSC Pure and Applied Mathematics from University of Auckland
Darren Pettiona, Executive Director
Darren Pettiona has over 25 years’ experience in the financial services industry and has been at the forefront of financial services technology.
Darren was the founder and CEO of Advent Software Australia Pty Ltd (SS&C Technologies, USA), Coin Software Pty Ltd acquired by Macquarie Bank in 2006 and HUB24 Ltd(ASX:HUB).He has also held non-executive directorships in various financial service and government entities including Charles Schwab Australia, Investorfirst Ltd, Allied Funds Management, van Eyk Research and TOTE Tasmania.
He holds a Bachelor of Laws from Monash University.
Graham Hand, Director
Graham has 42 years of experience in financial markets, including Group Treasurer and Managing Director Treasury roles at major banks.
He consulted in banking for several years before spending a decade in wealth management.
An author and prolific contributor to finance journals nationally, Graham co-founded Cuffelinks (with Chris Cuffe) in 2012 which became Firstlinks in 2019 when it was acquired by Morningstar. Firstlinks is a free newsletter and website service delivering superannuation, investment ideas and market opinions to almost 100,000 readers.
Graham holds an Honours degree in Economics from the UNSW, a diploma from FINSIA and two of his books have been published.
Some of our Shareholders
- Co-Founder – Former Executive Director Sales, Former CEO – Class Ltd (ASX – CL1)
- Business Lead/Project Build Team – Asgard eWrap/Essentials – Asgard Wealth Solutions
- National Manager Institutional Business – Sealcorp
- Sales and Product Manager – Asteron, MLC, Lend Lease Financial Services
- Co-Founder – Class Ltd (ASX – CL1)
- Equity Investor to Onslow Marine Supply Base
- Former Leading National Hillross Adviser – AMP
- Former Chartered Accountant PWC