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The Western Australian head of financial services company Shaw and Partners Davide Bosio has left the business after five years in the role.

Mr Bosio was appointed the WA state manager and corporate finance director at Shaw and Partners in 2019.

He joined the corporate team at DJ Carmichael, one of the oldest stockbroking firms in Perth, as managing director in 2014.

DJ Carmichael was acquired by Shaw and Partners in 2019, with Mr Bosio appointed to lead the firm’s operations in the state.

In a LinkedIn post, Mr Bosio said the decision to move on from Shaw and Partners was a difficult one, but he was proud of the company's position.

Mr Bosio said, in his LinkedIn post, he would focus on joining company boards as a director or adviser and provide corporate and strategic advice.

One of the great parts of my role as State manager at Shaw and Partners is that occasionally, I get to impart a bit of hard-earned financial wisdom to Year 10 Economics students.

Sure, their teachers can give them knowledge from textbooks, but I like to tell them what to do with that knowledge and how to use it.

These students have the good fortune of attending a school that is working hard to introduce them to different employers and careers and it gives me a chance to get back to basics – to remember the many reasons why I first entered the financial markets industry in the first place.

For me, this experience is an opportunity to break down what we do as “wealth managers” and how critical it is to actually keep it simple. All the fancy programs, industry jargon, graphs and spaghetti maps seem to miss the point when you’re talking to a young audience about how they might want to spend the majority of the rest of their lives.

I remember starting life as a young futures broker and listening to a passionate sermon from a seasoned investor who was “long” on gold and fervently trying to convince me that a rally for the precious yellow metal was imminent.

Gold was circa just US$300 (AU$453) per ounce at the time.

Fast forward close to 25 years and I find myself on the other end of the phone preaching the same thematic to anyone who will listen – even though the US dollar gold price is now hauling in more than US$2319 an ounce and the Australian gold price is reaching for the stratosphere at a mark still exceeding $AU3500.

This is partially due to a weak Aussie dollar, but also because of a slow and steady rise in the underlying metal price itself. In the past few months alone, gold in Australia has rallied about 30 per cent from a low of $2861 an ounce in October and that has finally started to awaken gold stock investors who have seen few, if any, big jumps in their share portfolios.

Shaw and Partners has been reeling in financial advisers from WA’s tightly-knitted talent pool at pace, and the hiring spree doesn’t look to be stopping there.

“If good quality advisers are out there, we’re very keen to talk to them,” Shaw and Partners WA state manager Davide Bosio told The West Australian.

The national broking firm’s local division has just wrapped up a spate of recruitment, which has seen at least 20 new additions to its St Georges Terrace office since November who are expected to help bring in $2b of new assets to the business.

Among the new additions is Stuart Beattie, a veteran financial adviser around town who shifted his entire team over to Shaw and Partners from a rival wealth management team at Morgan Stanley late last year. It’s been a particular talking point among the sector in WA, where any moves between firms are watched closely.

As we enter a new year, a sense of optimism and promise generally pervades for the year ahead with a genuine expectation that the market will be kind and the calendar year, with all the ups and downs, will be a profitable one!

Needless to say, profits don’t just materialize out of thin air, decisions don’t make themselves and markets inevitably run their own course, good, bad or otherwise based on any number of events and factors that are completely outside of the control of any investor.

As the eternal optimist however, I somehow manage to always find a reason to be bullish – maybe reminding myself of the fact that good companies tend to grow over time, mirroring the long-term performance of the stock market that generally shows that gently sloping chart from bottom left to top right where prices rise over time.

For punters looking to form a view of where we are at right now and what the market has in store for 2024 I offer my strong view that it will be a good year and there are some good key macro themes that support my view.

Australia's leading wealth management firm, Shaw and Partners Financial Services, has continued its strong growth with the addition of a number of senior advisory teams from global investment bank Morgan Stanley and a number of senior advisers from the WA office of Ord Minnett.

Shaw and Partners Financial Services, continues to attract some of the most experienced and highly regarded advisers across Australia.

National Head of Private Wealth, George Deva commented: “The best wealth management professionals continue to choose Shaw and Partners as their home, to grow their business and service the evolving advice needs of their clients. The decision of these high calibre teams and individuals in Western Australia to join us ratifies Shaw and Partners as the wealth management firm of choice for leading investment advisers in Australia”.

WA State Manager, Davide Bosio said: “We are incredibly proud of our growing team in WA and welcome thenew advisers, who will help us to further build on our great culture and what we can offer clients. Our dedication to our team in Perth has led to an additional long-term investment in our business to strengthen our position and presence in the Perth market”.

Some age-old adages invariably keep ringing true in financial markets.

Anniversaries of stock market crashes spring to mind, as does the “sell in May’ phenomenon. But the one that has always intrigued Bookbuilds and Banter the most is the annual, end-of-year “Santa rally”.

Ultimately, it is the herd mentality that moves markets. We’ve seen the meme stock movement in the speculative sectors that occurs when the “herd” – in this instance, online, faceless, cashed-up traders – rush into the next big runner with the hope that some under-the-radar stock might muster up a magical rally. But the real question remains – why should a market behave in the same way and at the same time each year in the lead up to Christmas?

For investors, the Santa rally represents the final run into the end of the calendar year and although it is not a guarantee, markets, or at the very least certain individual stocks, seem to have an enormous rally going into the end of the year.

Throughout my years in the market, particularly working on a range of capital market transactions, the lesson that I have perhaps learnt the hardest is that time kills deals – and when ignored, it often ends in disaster.

The mere thought of execution risk is enough to send a chill down the spine of even the hardest dealmaker. And the real concern and fear lies in the uncertainty of what happens after the deal is announced and it becomes subject to market forces … and time.

When trying to control things that are entirely out of one’s control, dealmakers will try to minimise uncertainty and the most critical factor to manage is TIME. Hence, the longer a deal remains “live”, the more potential there is for things to go south.

Markets can plunge, sentiment can turn, rival bidders can appear and … well, you get the picture.

With gold prices hitting all-time highs this year, it’s no surprise Western Australian activity within the resources sector is skyrocketing; but how can junior miners ensure they are future proofing for sustainable growth?

According to investment and wealth management firm Shaw and Partners WA State Manager, Davide Bosio ,the answer lies in both exploration and acquisitions.

Mr Bosio said it was currently an interesting period within the resources sector and the pandemic had a big part to play.

The gold price has moved into uncharted waters after surging through $US2000 an ounce and hitting a fresh historic high.

The spot price was $US2035.06/ oz ($2823.24/ oz) late yesterday as a confluence of factors drove a flight to the safe-haven metal.

Investors are weighing the prospect of more fiscal stimulus by governments globally, and particularly in the US, as authorities look to counter the economic hit of the coronavirus pandemic.

Central banks are expected to keep interest rates at record lows for some time, stoking fears of inflation.

DJ Carmichael boss Davide Bosio says the sale of the historic WA broking house to Shaw and Partners highlights the shifting sands of the financial services sector post the banking royal commission.

It is the second Perth stockbroking firm to be swallowed up by a bigger rival this month, after fast-growing Canadian financial services group Canaccord Genuity paid $25 million for Patersons Securities last week.

DJs, as it is affectionately known, is owned by UK-based non-executive chairman Rupert Lowe, executive director Matthew Blake and Mr Bosio.

No party would reveal the value of the cash transaction.

Mr Bosio said the sale had been driven in part by the big banks and financial institutions abandoning the retail financial advice market in light of the findings of the banking royal commission, which was highly critical of their behaviour.

Shaw and Partners has acquired Perth-based financial advisory and planning firm DJ Carmichael , which has approximately $650 million funds under its advice.

Sydney-based Shaw and Partners said the acquisition would increase the scale of its existing wealthmanagement business in Western Australia.

The transaction is expected to close by the end of August 2019, and the DJ Carmichael business, which has been in operation for over 120 years, will be completely rebranded to Shaw and Partners.

As part of the acquisition, DJ Carmichael chief executive Davide Bosio is set to take on the role of WA state manager and director of corporate finance under the Shaw and Partners brand.