Catch up with John Goodman

7 Jul 2017

Catch up with John Goodman

We begin our 30 year celebrations by catching up with our former Chairman John Goodman to chat about his vision, inspiration and leadership.


This year, Goodman Private Wealth celebrates its 30 year anniversary. To begin the festivities, we're meeting with some of the many people who have been part of our success and sharing their story with you. First up, we chat with former Chairman and founding partner John Goodman about his vision, inspiration and leadership.

This year Goodman Private Wealth celebrates its 30 year anniversary. As the founding partner, what thoughts and emotions come to mind when you think about that journey?

Most of all I think about the people, particularly our clients and staff. Business is really about people, and that's what life is all about too.

I have many wonderful memories of our clients, who were always very appreciative. At my farewell, I was very touched when a longstanding client commented "If it hadn't been for you, I wouldn't have lived the life I've lived". It's sentiments like these that make it all worthwhile. 

We've also been extremely fortunate to have great people on the team. Our longest serving staff member, Geraldine Simpson, was respected by all and she was amazing in her versatility. I knew I was in trouble if Gerrie asked to meet in my office, and if she shut the door I knew I'd done something very bad.

These days I genuinely look forward to my visits to the office, and catching up with the 'Goody Alumni' at the annual boat trip, resplendent with terrible singing, is a highlight.

What was your vision in the early days?

Early on, I chose to focus on the high net worth sector. I was influenced by The Millionaire Next Door, a US book about your next door neighbour who owns a business, does well and builds it up, then sells it to become a millionaire. I discovered they drive a Chevy and not a Caddy. This is largely true of the successful Australian family business proprietor. 

Later, I attended a conference in the US where I was introduced to the concept of Value Based Financial Planning. I could see great merit in the approach that people are driven by what's really important to them, which is otherwise called their values. Discovering their highest values helps you to get them to prioritise their goals and identify what they want to work towards and achieve.

My vision was to be a boutique adviser to wealthy families and to be trusted by successful people. The importance of trust can never be overrated.

At a very early stage we took the unusual step of moving from a commission base to a fee base. This approach aligns our remuneration with our client's interests, which is terribly important if you want to be a trusted adviser.

What do you consider to be your greatest challenge and greatest success over the Goodman years?

The greatest challenge is discovering how wealthy people think and work. In some ways, it's no different from how those with more modest finances think and work, but those with extensive means have many, many, choices.

A valued adviser can help them narrow their choices to the things they really want to focus on. Be it a focused and disciplined investment strategy, or even more importantly, helping them give priority to goals that are aligned with their values. It can make a profound difference when your client links their choices with what's important to them to give them a happier life.

It's also been a great pleasure to see the business continue on to the next generation. At a more fundamental level, I feel fulfilled knowing they continue to be trusted advisers by doing what they promise.

I gained most from what I learned from our clients and staff. Some time ago, a client of many years wanted to add me as a beneficiary to her will. When I explained that wasn't possible, she kindly agreed for me to assign her bequest to a charity, and I discovered the pleasure of giving.

Since then, Meta and I have formed our own foundation and make gifts to causes our family would like to help. We've helped shape the values of our children and grandchildren. We've discovered that giving is about the pleasure and satisfaction of the donor, and that's what motivates us.

What's the best piece of leadership advice you can share?

I believe the leader is the one who always says "we can do better". The leader encourages the team to lift their sights when they're looking towards their next objective.

Back to Latest News

29 Sep 2021

The Goodman News

In this edition of The Goodman News we explore social impact investing and incorporating the latest superannuation changes into our clients' individual plans, plus we congratulate our team on being finalists in the ifa Excellence Awards - Client Servicing Company of the Year for the third year running.

Read more

29 Sep 2021

Meet our new team members

Meet our new team members Oscar Victorino (Paraplanner and Portfolio Administrator) and Administration Manager Ashleigh Walls ...

Read more

29 Sep 2021

Supporting Mater Smiling for Smiddy

Earlier this year, James Goodman joined a group of 50 cyclists for a bike ride in Far North Queensland with not-for-profit Mater Smiling for Smiddy.

Read more

29 Sep 2021

What sort of returns are you looking for?

Investing used to be about targeting the best financial return – pure and simple. However, in recent years, the once niche idea of looking for an additional type of return - a ‘social impact’ return – has come into consciousness for many people.

Read more

29 Sep 2021

Super changes and your individual plan

This new financial year sees a range of superannuation law changes taking effect. For many, it is an opportunity to set aside more capital for retirement funding (in a tax preferred manner). For our clients, we understand these changes and have incorporated them into your individual plan so that you get the full benefit.

Read more

16 Sep 2021

Understanding family philanthropy

At Goodmans, we can help you determine whether philanthropy should form part of your plan for living your life with purpose.

Read more

27 Jul 2021

A guide to gifting money to your children

There comes a time in the parental journey when your love and support include the gift of money.

Read more

9 Feb 2021

Are all your financial cards on the table?

If you’re part of a couple, you might have noticed that often one person takes the lead in joint projects such as arranging holidays, getting the kids ready for the start of the school year, or brewing the morning coffees.

Read more

16 Dec 2020

Do I compare financially?

The Australian Financial Review recently published its annual Rich List, detailing Australia’s 200 wealthiest individuals and families. For those of you who aren’t on the list, or who missed it, in 2020 you need to have amassed at least $540 million.  Excluding your yacht.

Read more

16 Dec 2020

Is your estate planning appropriate?

I am often asked ‘What is estate planning?’  For me, estate planning is about passing appropriate assets to the appropriate people at the appropriate time.  In many cases, that means passing assets (or knowledge or values) to the next generation during a client’s lifetime.  For many people, ...

Read more

16 Dec 2020

Goodmans recognised for excellence in client service

We are proud to be named as a finalist in the ifa Excellence Awards 2020 for Client Servicing Company of the Year for the second year running.

Read more

16 Dec 2020

Hear from our new team members

Hear from our new team members who joined us during lockdown.

Read more

14 Dec 2020

The Goodman News

In this edition of The Goodman News we reflect on successfully steering our clients to success in a very turbulent year and questions about how you compare financially, plus we congratulate our team on being finalists in the ifa Excellence Awards - Client Servicing Company of the Year for the second year running.

Read more

6 Oct 2020

How to make the best decisions about your money

The financial services industry is an extremely well-funded sales machine. For generations, financial advisers and investors have been sold the belief that financial problems are solved by having the right financial product. Of course, it suits financial institutions to perpetuate this belief because it drives more product sales. Well, don’t buy it!  Chief executive and Senior Adviser Brad Church explains why.

Read more

12 Aug 2020

Why do you give?

It’s ironic isn’t it?  We put a great deal of effort towards making money, into earning it, growing it, and protecting it.  Then, sometimes we go ahead and just give some of it away with no tangible benefit in return. Why is that?  Why do we give?

Read more

9 Jun 2020

Does your financial plan pass the resilience test?

The COVID crisis has been a significant test of resilience for our clients’ financial plans and we are proud that all have successfully passed the test. At Goodmans, we always think about ...

Read more

3 Mar 2020

Podcast: Goal setting – a new perspective

Chief Executive Brad Church says he has learnt some essential lessons about goal setting from the successful business owners he works with...

Read more

20 Dec 2018

The Goodman News

Welcome to the Summer edition of the Goodman News where we reflect on the current state of the Financial Services Industry and shed light on philanthropy.

Read more

20 Dec 2018

Insights into longevity

During our recent training and professional development trip to America, James Goodman and I were privileged to join a field trip to Human Longevity Inc in California. Here I share with you what we learned.

Read more

20 Dec 2018

From success to significance

The world-wide drive for social change, ‘giving affordability’, and how ‘helping others’ is a fundamental to a significant and fulfilling life, were some key themes at our annual client event in October. And based on feedback from those attending, it might well have made for our best event in 31 years!

Read more

20 Dec 2018

Giving Discussions

‘Philanthropy’: it means love of humankind, manifested by the doing of good - expressed especially by the generous donation of money to good causes.

Read more

20 Dec 2018

My GP outrage

Hear about James' outrage around the financial services industry told through the story of his visit to the GP

Read more

20 Dec 2018

Staff news - Congratulations Jane!

Our Money Manager Jane Hillyard was recently awarded a Bachelor of Accounting through the University of South Australia.

Read more

5 Sep 2018

Focus: Are you a philanthropist?

In a recent ABC radio interview for Focus, James Goodman shares some insights on philanthropy in Australia and highlights of the Goodman Foundation story.

Read more

12 Jul 2018

From disillusionment to confidence – a client story

We’ve invited some of our longstanding clients to share their Goodmans story. Here we chat with Jackie and Barry about what they value about their relationship with us and what brings them peace of mind.

Read more

9 May 2018

The Goodman News

Welcome to the Autumn edition of The Goodman News, where we highlight how we manage risk to help you achieve your most important goals with the highest level of probability.

Read more

9 May 2018

Conversation with Frith Graham

Head Trekker, GirlsTrek

Frith Graham, the founder of the all girl getaway and hiking success story, GirlsTrek, chats with James Goodman about her business journey and defining what women want from adventure.

Read more

9 May 2018

Spectacular Art - Opening Night

We are long-time supporters of the Rotary Art Spectacular, Queensland’s largest and most prestigious annual art exhibition.

Read more

9 May 2018

New artwork at Goodmans

Speaking of spectacular art, if you have visited our office recently, you may have noticed some new artwork in our meeting room. This piece was painted by one of our longterm clients, Nikki Makiol.

Read more

9 May 2018

Managing Risk - It's more than just insurance...

By Mark Everingham

When planning for your future and achieving your goals and objectives, a robust risk management plan is the safety-net providing the best chance of your plans coming to fruition if unplanned events occur.

Read more

20 Dec 2017

Delegation and a happy life

Just wondering if you’ve ever thought about the important areas of your life that can’t be delegated?

Read more

20 Dec 2017

The Goodman News

Welcome to the Summer edition of The Goodman News where we focus on helping you develop strategies to achieve your goals and aspirations

Read more

20 Dec 2017

Meet Clancie Morrissey

Clancie Morrissey, our Portfolio Administrator and Quality & Standards Manager, has been an integral team member for 20 years. We chat with Clancie about what she values most about working at Goodmans, her “home away from home”.

Read more

20 Dec 2017

Celebrating success

Watching an interview with then Prime Minister John Howard, in the day or two after his coalition was re-elected in 2004, one thing stuck in my mind.

Read more

24 Nov 2017

Catch up with Brad Church

Next in our series of interviews with people who have been part of our 30 year journey, we speak with Goodman Chief Executive Brad Church. Read on to hear about how his career began, the vision for the next 30 years and the important place clients hold at the heart of the firm.

Read more

16 Oct 2017

Catch up with Geraldine Simpson – our longest serving employee

Continuing our 30 year celebrations we chat with our longest serving employee Geraldine Simpson about achieving great things, her “other family”, and establishing Women in Finance.

Read more

1 Sep 2017

Catch up with James Goodman

As part of our 30 year celebrations, we’re catching up with some of our team members and sharing their story with you.
Here, we chat with Senior Adviser James Goodman about how his role has evolved over the years and what Goodman Private Wealth means to him.

Read more

7 Jul 2017

The North Korea Plan

Senior Adviser James Goodman explains how we make sure you have a plan which gets you where you want to be regardless of any surprises along the way.

Read more

7 Jul 2017

Spotlight on superannuation reforms

Financial planning expert Sharyn Besch shines the spotlight on some key superannuation reforms and some not so well known changes.

Read more

7 Jul 2017

We’re turning 30!

2017 marks our 30 year anniversary and we’re looking forward to celebrating this milestone with you

Read more

28 Jun 2017

The Goodman News

Welcome to the first edition of The Goodman News, our new look newsletter focusing on helping you develop strategies to achieve your goals and aspirations.

Read more

13 Dec 2016

Announcing our new name and refreshed company identity

We are proud to launch our new name, Goodman Private Wealth, and refreshed company identity.

Read more

13 Dec 2016

Celebrating with Rio Olympian and gold medallist Chloe Esposito

On 1 December 2016 we were proud to announce our new name, Goodman Private Wealth, and the launch of our refreshed company identity.

Read more

23 Aug 2009

Cracking the Family Office Sector

Here Goodman Chief Executive Brad Church shares some thoughts on this niche offering.

Read more

9 Oct 2008

Wealth and philanthropy management

A landmark study throws light on wealth and philanthropy management.

Read more

15 Jul 2006

The Good Men of Wealth Advice

Although the way we work with clients has continued to evolve, our commitment to quality is a cornerstone of our business.

Read more