Our History
From a small corner of Tasmania to a leading advice provider in Australia.
From Tasmania's far North-West
Wealth Financial began as Graeme Drake Financial Services in 1999, rebranding to Wealth Financial in 2012. Michael Thrower joined the business in 2002 and came on as a partner in 2006, with our Managing Director Michael Rowlands joining in 2019 as an adviser and partner. For 25+ years we proudly served the far North-West Tasmanian town of Smithton and its surrounding communities, bringing trusted financial advice to areas that were often short on services. The original office now operates as Wealth Financial Smithton.
To the Other Side of the Coast
McCormack Financial Services was founded by Rod McCormack in 2000, Rod was later joined by his brother Grant and Scott James in 2007 to fill the demand for quality financial advice. McCormack Financial Services were a trusted and reliable servant to the Devonport community and surrounds, on the opposite end of the North-West Coast. Recognising synergies in the businesses, Wealth Financial acquired McCormack Financial Services in 2024, and began operating as Wealth Financial Devonport.
And National Financial Advice Leader
Mancell Financial Group was founded by Peter Mancell in 1980. Located in Burnie, Mancell Financial Group delivered advice to clients on the North-West and throughout the country. In later years they directly served Canberra and the NSW Southern Tablelands through their acquisition of SolutionF in Bungendore in 20023. Mancell were one of the pioneers of evidence-based investing in Australia and, one of Australia's first certified fiduciaries. Wealth Financial acquired Mancell Financial Group in 2026 and began operating as Wealth Financial Burnie and Wealth Financial Canberra.
Tasmania's Largest Financial Adviser
The consolidation of these distinguished financial advice businesses, with histories going back to 1980, has made us the largest financial advice business in Tasmania. We have 14 financial advisers, and we're trusted with over a billion dollars under management for clients. We don't take the future for granted, we're committed to being the best for our current and future clients. We're building on an amazing legacy and encourage our team to continually acquire new knowledge and skills, while always keeping ethics at the forefront of everything they do. We want all our clients to grow what they have worked hard for, protect it effectively, and thrive in all aspects of their lives