PCM manages investment portfolios, provides research and is a trusted advisor within a variety of contexts. We work with sophisticated investors, financial advisors and private individuals to achieve better investment results within a dynamically evolving world.
PCM is privately owned by four Australian families with a combined 77 years’ experience within the investment and financial services industry.
PCM was founded primarily as an investment solution for our own family & friends, knowing that if we could design something that was compelling enough for us to be fully invested in, then others would like what we do too.
As such, we subscribe as much as possible to the way the Romans would build their bridges... for the first load-bearing test of the newly made bridge, the bridge-builders and their families would stand under the bridge that they had just constructed as a testament to the work that they had just performed.
Co-Founders Darren Brind (Chief Executive Officer) and Daniel Want (Chief Investment Officer) do what they do not because they have to, but because they love it... they are passionate about understanding how the world is unfolding, especially within the context of an extensive view of history, in order to successfully navigate the investment markets for themselves, their families, their friends and clients.
Both Darren and Daniel have young families and so operate by a strong sense of family-orientated values. They are not interested in PCM becoming an institution, but rather to be a boutique investment and research firm that retains its independence and heart for the families & corporate partners it serves.
Darren Brind (Chief Executive Officer, Director)
Darren has over 25 years of financial services experience across corporate banking, financial planning, stockbroking and funds management. This experience has been gained through both large institutions and smaller boutique businesses in roles varying from sales, compliance, product creation and management through varied financial environments.
In addition to his role as a Portfolio Manager on PCM's Investment Team, Darren provides leadership across all facets of the PCM Business and its development.
Daniel Want (Chief Investment Officer, Director)
Daniel previously was the Investment Strategist for an Award-Winning Australian Hedge Fund, successfully anticipating and navigating the 2008 financial crisis, and also was a Portfolio Manager & Financial Analyst for an Australian ASX-listed financial services company. In addition to this, he has spent the last 16 years studying the world's banking and economic systems and consulting to investment managers and company boards on macro-economics and financial markets.
Daniel heads up the Investment Team and is primarily responsible for the research, consulting and investment management activities of PCM.
John Johnson (Risk Oversight Officer)
John is a co-founder of PCM. He has over 30 year's financial services experience, including;
- the Commonwealth Bank of Australia - where he was the Manager of Investment & Insurance for the Queensland Financial Planning business.
- a Boutique Financial Services Firm - where as the General Manager (and AFSL Responsible Manager) he took the FUA/FUM from approx. $10m to over $600m.
- John and his wife now run a small boutique advisory firm.
As PCM's Risk Oversight Officer, John provides a monitoring and accountability function to the Investment Team. He also plays an integral role in providing guidance and advice to the growth of PCM.
Andrew Want (Investment Committee & Advisory Board Member)
As a CPA, Andrew's background consists of progressively more senior roles at Ernst & Young (Australia), BDO Australia, Lloyds Banking Group (UK) and Standard Life (UK).
After returning to Australia from the UK, Andrew accepted a role as an investment analyst with an Institutional Investment Fund. Shortly after commencement, and as a result of the unexpected retirement of the Fund's CFO, at the age of 28 Andrew became one of the youngest CFOs to manage A$200m FUM in Australia. Andrew's responsibilities included the institutionalisation of back-office processes in preparation for investor due diligence, financial management of the Fund and its investment vehicles, while maintaining relationships with its institutional investor base located in New York, London, Zurich, and around the world. Success of his tenure attributed to the growth of committed FUM from A$200m to A$500m.
PCM draws upon Andrew's expertise & experience to ensure future readiness of operational, reporting and compliance based processes. Andrew also is a valuable member of PCM's investment team.
PCM Core Values
We see the following core values as the most critical elements to how we serve clients and other stakeholders…
HERITAGE [family] – our firm is owned and operated by families for families. We would trade all the money in the world to maintain the integrity and strength of the family unit; for this is what underpins all else both individually and in society – nothing else is as important. Families matter. People matter. Money and wealth are but a means to an end, it is never to be the end in its own right. We believe in stewarding wealth wisely such that you can build and leave an inheritance for your children’s children and that you may live a generous and fulfilled life.
LEADERSHIP [vision + innovation] – we believe that one of the main keys to superior performance and success is the ability to out-think and out-serve your opponents and competitors (especially in the investment markets and in business). Thus we prize the ability to generate insight and maintain superior awareness above all else – for this is the fuel in combination with diligent and innovative calculation processes that ultimately underpins sustainable competitive advantages in the fields in which we must successfully navigate and compete. We believe that without a common sense of vision and purpose we shall perish at our attempts to pursue our objectives – we have also learned that the greatest friendships we have had are typically those shared with friends of vision. We believe leadership exists to serve and protect, and should be prepared to do so sacrificially should the situation dictate it. We believe that a servant-hearted, adaptable, honest and resolute approach to the challenges of life is the key to the ability to prevail in a manner whereby everyone wins; and if you help the people around you to succeed, then you yourself are likely to succeed as well.
INTEGRITY [honour] – we believe that a person’s world is built on the integrity of their word. In business, a person who doesn’t value their word is a person not to be trusted. Without trust nothing grows. We believe that unless you are prepared to keep your word to your own detriment, then it may as well be worthless. We have learned that “a man’s character is his fate” (Heraclites). Integrity is where substance and form are consistent and reliable. There is no greater strategic position than integrity. Honour is more than just respect, it is about placing genuine and sincere value on both people and authority. To operate without honour is to render any appearance of success an illusion, and what elements of success that appear to endure will come with many sorrows. Everyone is important and infinitely valuable irrespective of their position in life, their past behaviours and mistakes, and even their capacity to productively contribute. To devalue someone else or to betray trust is to devalue and betray yourself – you will ultimately pay the greater price. A reputation may take years to build but only moments to destroy.
EXCELLENCE [stewardship] – the duty of a steward is to protect and multiply resources under charge. Faithful in little, faithful in much. The good steward is to be found at all times exceedingly shrewd yet as innocent as a dove. Excellence in stewardship requires relentless preparation, attention to detail and the endless pursuit of greater insight and awareness. Excellence is doing much with little, it is more about passion than it is about a budget. Excellence is finding the right balance between effectiveness and resiliency in a manner that achieves purpose in a sustainable manner. Excellence is the mastery of both substance and form. Excellence is measured by the ability and faithfulness by which we serve. Excellence is found in the mastery of time, resources, trust and ourselves.