Harry Chemay

Co-Founder & CEO
Clover.com.au
Biography

Harry Chemay is co-founder and CEO of Clover.com.au, a ‘robo-advice’ Automated Investment Service that aims to engage Australians with their finances earlier in life. He has over 18 years of experience across both wealth management and institutional asset consulting.

Harry commenced his career in financial services within KPMG’s private wealth division, and advised primarily within the accounting sector, with senior adviser roles at Horwath (now part of Grant Thornton) and WHK (now Crowe Horwath). After a decade in wealth Harry joined Mercer investment consulting, where he provided institutional advice and asset consulting services to superannuation funds, university endowments and financial planning firms. Prior to co-founding Clover.com.au Harry consulted within the pension (superannuation) sector, with a focus on post retirement income innovation.

Harry holds a Bachelor of Business (Banking & Finance) from Monash University in addition to post-graduate qualifications in both finance & SMSFs. He is a Certified Investment Management Analyst (CIMA) holder with the Investment Management Consultants Association (Australia), and a Fellow of the Financial Services Institute of Australasia (Finsia).

Author Archives: Harry Chemay

Investing and the Paradox of Skill

With the release of the latest SPIVA® Cross-Country Comparison results, the debate between active and passive investment management has once again ignited.  Proponents of passive management point to the SPIVA data as evidence of the inability (in aggregate) of asset managers worldwide to beat relevant passive indices over meaningful periods of time.  Meanwhile, proponents of Read more […]

Tax-Aware Shift in Superannuation

This is the fourth blog in a series on the evolution of Australia’s tax-aware investment management (TAIM) landscape. The Super System Review of the superannuation industry was completed in mid-2010, a year after the industry crossed the AUD 1.1 trillion asset mark. The Review included an observation that although taxes are often the single biggest Read more […]

Tax-Aware Superannuation – A Closer Look at Dividends

This is the third blog in a series on the evolution of Australia’s tax-aware investment management (TAIM) landscape. Large asset owners, including statutory authorities, university endowments, and charitable bodies dominate the Australian investment landscape.  However, the largest asset owners by asset size are the 260-odd superannuation funds who collectively manage some 60% of Australia’s ~AUD Read more […]

Historical Impact of Australian Taxes on Returns

This is the second blog in a series on the evolution of Australia’s tax-aware investment management (TAIM) landscape. One historical record of the impact of taxes on returns in Australia is the annual Russell Investments/Australian Securities Exchange (ASX) Long-term Investing Report, which measures pre- and post-tax returns for various asset classes over 20-year periods.  The Read more […]

Tax-Aware Australia: An Idea Whose TAIM Has Come?

This is the first blog in a series on the evolution of Australia’s tax-aware investment management (TAIM) landscape.   In 1999, a new method of calculating Capital Gains Tax (CGT) was introduced in Australia, with assets acquired after its commencement taxed on the basis of time held and type of taxpayer. Assets held for less Read more […]