Here are some of the important moments that have shaped us into the renowned and trusted organisation we are today.

1988

Founded in 1988 by Matthew Farrell, the company’s original name was M Farrell & Associates. In its early years, the business specialised in superannuation, life insurance and other types of personal insurance and investments.

Over time the business grew and by the late 1990s, we began offering financial planning as part of our services. In 1996, the company was renamed ‘Farrell Partners’.

2001

What the 5 in our name originally stood for…

In 2001, our financial planners developed a philosophical framework to explain key principles to clients. These principles became known as the ‘Five Pillars of Financial Independence’™.

The ‘pillars’ as they were known, consisted of the following:

1.

Live within your means

2.

Establish a cash reserve

3.

Manage risks

4.

Reduce non-deductible debt

5.

Invest for retirement

2005

Our clients took to the concept of the pillars, and appreciated having a logical and straightforward approach to wealth building. In recognition of the importance of the pillars, in 2005 the company changed its name to Five Pillars Financial Planning Pty Ltd. In 2006, the company relocated from Epping to Rhodes, where it continues to trade from today.

2012

Moving on from the ‘pillars’

As time progressed, we found that while the original ‘pillars’ remained true, we were increasingly providing our clients with advice and support that covered more complex and sophisticated territory. By expanding our services to include tax and accounting, finance and estate planning, we offered much more than just what the ‘pillars’ had come to signify.

We’d also made a significant effort to stand apart in the industry, including acquiring our own Australian Financial Services Licence.

For these reasons, once more we changed our name to ‘5 Financial’ – a move we made in 2012. Today, the ‘5’ in our name symbolises the five areas that make us different (transparency, relationships, integration, tailored approach and expertise). Please click here to learn more about our name today.

2021

5 Financial adds business advisory arm

With a solid reputation for helping our clients achieve personal success came the demand for specialised business services. Clients wanted the same level of service and expertise they’d received for their personal goals, to help them meet their goals in business.

Established in 2021, 5 Advisory and Tax (5AT) is our tax and business advisory arm that provides expert tax solutions to individuals and businesses, as well as innovative and practical business advisory services.

Today, we’re proud to offer individuals and businesses a full range of integrated services to help them achieve their financial goals – operating with the same level of dedication and exceptionally high standards we always have.

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5 Financial is a well-established practice with decades of experience providing expert financial advice and services.