Wealth Efficiency earns top award for ethics commitment

A Sydney business that built its name on “playing with a straight bat” has taken top honours in the Excellence in Business Ethics category at the 2016 Sydney City Regional Business awards.
The Excellence in Business Ethics category of the NSW Business Chamber Business Awards is sponsored by the City of Sydney and recognises outstanding business people who have achieved business success while acting in an ethically responsible way.

Michael Quinn had notched up 10 years as Australia’s top property educator with a large wealth management company when he decided to branch out on his own with a business built around transparency.

Now in its fifth year, Wealth Efficiency credits its award win and business success on an upfront approach to property investment advice for its clients.

The company introduces clients to their team of ethical investment experts who work out the best deal –commission free. This level of trust means the business operates on referrals and repeat clients, rather than seminar sales that typify the wider investment industry.

“Winning the Sydney City business award is simply fantastic. We’ve endured many ups and downs in this industry to get to this point, so to now be acknowledged in this way, especially with ethics at our core, is amazing – we are extremely grateful,” Wealth Efficiency CEO Michael Quin said.

“Contrary to the industry’s ways, once we know the actual numbers for a proposed investment, we invite scrutiny from others – our network of strong solicitors, financial planners, accountants and finance brokers as well as the client’s own network. This works to keep the client safe, with an A1 team in place.

“There can be a lot of greed and poor service within our industry as there are some investment property providers who focus on what works best for them rather than the client’s needs. Our company motto is: ‘ethics cannot be bought or sold, they can only be applied’.

“Our full commitment is to play with a straight bat and only do what works best for the client. We have built relationships that are based on ethics, honesty and a commitment to serve the client rather than focus on the sale – this has led to repeat and referral business and our business growth.”

Lord Mayor Clover Moore said Mr Quinn’s Wealth Efficiency business was among a talented pool of small businesses operating in the Sydney region that took home top honours at the recent business awards.

“These awards represent the diverse mix of businesses in our local government area, which at the last floor space and employment survey saw 40 per cent of all jobs growth in metropolitan Sydney,” the Lord Mayor said.

“The City recognises and supports the incredible achievements of our many small-to-medium sized businesses, and our business awards have always celebrated their success stories.

“As a sponsor of the NSW Business Chamber Business Awards, the City is giving local businesses and the people behind them a fantastic opportunity to showcase their innovative ideas to the rest of the state and learn from other business leaders.

“We look forward to celebrating their talents and capabilities on the state-wide stage this November.”

Nine businesses collected awards in the Sydney City regional awards program on 21 July, judged and staged by the NSW Business Chamber and sponsored by the City.

Wealth Efficiency will join an impressive list of Sydney-based businesses competing with businesses from across the state for top honours at the 2016 NSW Business Chamber Business Awards on 25 November.

The City is a proud sponsor of the state-wide Excellence in Small Business category award, and has recently boosted its sponsorship of the NSW Business Chamber Business Awards to create an expanded regional awards program.

The expansion will allow all local businesses from 2017 to enter the Sydney City Regional Business Awards whether or not they are members of a local chamber.

The Sydney City Regional Business Awards are held each year, with applications for the 2017 Awards opening in May and the finalists announced in July.

For more information on the Sydney City Region Business Awards program and how to enter, visit business-support/programs-and-seminars/business-awards 

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