Australians have been listening to, reading, or watching Paul Clitheroe discussing money for over 30 years. He says he can’t really figure out why, because he has been saying pretty much the same stuff for the entire time! (It’s probably got something to do with the fact that generally, he makes reasonable sense).
Paul thinks that money is not as hard as many people, and the financial services industry, make out. He does not believe in money miracles, get rich quick schemes, tax dodging investments, or any investment with a Gold Coast post office box address. He thinks gambling is a terrific way to pay voluntary tax to the government, though he accepts that bookies (who are mathematicians, not gamblers) probably will get rich. He reckons that for the rest of us, getting rich can be done slowly, by following the basic rules of money.
Paul, a CERTIFIED FINANCIAL PLANNER® professional and senior fellow of FINSIA, did his BA at the University of NSW in the mid-1970s and started as an investment researcher in 1980. In 1983, along with three partners, Paul founded ipac securities in a one-room serviced office with a capital contribution of $20,000. Today ipac manages over $12 billion of funds on behalf of investors. While Paul and his partners sold the business in 2002 to AXA Australia, which in turn was merged with AMP, he remains an ipac director.
Paul hosted Channel 9’s top rating ‘Money’ program from 1993 to 2002 and still appears regularly on Channel 9 providing personal finance commentary. His ‘Talking Money’ tips run daily on over 30 radio stations nationwide, and he is chairman of, and chief commentator for, Money magazine. His books, all 21 of them including various editions, have sold over 750,000 copies, a rare achievement for an Australian non-fiction author.
Paul was appointed vice president of the Financial Planning Association in 1992, and its president in 1993. In 2003 the federal government appointed him chairman of the Consumer and Financial Literacy Taskforce, which in 2008 evolved into the Australian Government Financial Literacy Board, of which Paul remains chairman. Its straightforward brief, about which Paul is passionate, is to improve the financial skills of Australians.
Paul is chairman of RADD (Recording Artists, Actors and Athletes Against Drink Driving), a council member of Philanthropy Australia and a member of the Advisory Board for the Sydney University Medical Faculty.
In 2008 he was made a Member of the Order of Australia (AM) for his services to the financial services industry, promotion of financial literacy and services to the community; while in 2011,Paul was appointed to a new Chair in Financial Literacy at Macquarie University.