Mutual Trust names four new partners

One of the country's oldest wealth management groups has promoted four staffers to partner.

Mutual Trust - the Myer and Baillieu family office -  said the promotions reflect the growth of the firm as a one-stop-shop to support ultra-high-net-worth families and individuals.

Adele Piperno, Pierston Hawkins, Elizabeth Goldfinch and Eliza Newson are now partners at Australia's largest multifamily office.

Piperno - who has been with Mutual Trust for 14 years - is now a partner in the tax, accounting, superannuation and consulting team.

During this time, she has worked closely with successful families and individuals, providing personalised and bespoke tax advice to help them achieve their financial objectives.

She works closely with advisors across all disciplines to ensure clients benefit from an integrated and holistic view of their financial affairs.

For his part, Pierston provides families and individuals with highly personalised advice relating to family strategy, family governance and tax-aware decision-making.

Third, Goldfinch is credited with leading and developing the Rising Gen program.

The wealth management group said her promotion reflects her long-standing relationships with family members of all generations in some of Australia's wealthiest families.

Finally, having joined the firm in 2021 as the director of trustee services, Newson has 20 years of experience working with high-net-worth families to manage the complete succession lifecycle, from creating the overall strategy, through to implementation and execution.

Mutual Trust, chief executive Phil Harkness congratulated the four on their appointments.

"Their passion and care for clients and the families they help is matched only by their enthusiasm to see families of wealth continue to thrive from generation to generation," he said.

" We have seen first-hand that when family enterprises work together purposefully, they are a powerful force.

"They deploy their capital to expand their businesses, employ people, build infrastructure, invest in innovation, back start-up ventures and give thoughtfully and strategically to charities."