Our Heritage

Family heritage

In 1995 our father, Magdy Stephan established a boutique financial planning dealer group, bringing a new approach to the industry. He believed that the advice he provided needed to be in the best interests of the client, regardless of what it meant for his group—in other words, he believed in giving a truly objective, independent opinion. And he instilled this belief into us. This was his legacy..

Leading a family

When our father was diagnosed with a terminal illness in 1999, we were only given a few short months to come to terms with our family’s future. We scrambled around, trying to do the best we could to put business transition strategies in place. They were by no means perfect, but we were lucky.

Magdy beat the odds and lived on for another 10 precious years, during which we were able to lean on his expertise and get the mentoring and support we needed to help successfully take over the reins.

We knew other families might not be so lucky. This is why Stephan Independent Advisory was born. This experience is why we specialise in those transitioning their family business or into retirement, and led us to who we are today.

Leaving a legacy

As a second-generation family business we incorporate the principles and values we learned from our father to ensure that Stephan Independent Advisory helps others not just to succeed, but to thrive.

We understand it’s not just wealth management you’re looking for; it’s a way to safely and productively hand over the reins of your family business to the next generation, and to keep the traditions and customs of your family alive.

You want to leave a legacy.


This Special Report uncovers the most pressing issues facing family business owners today, and guides you through our wealth management structure so you can see how, through proper planning, we’ll help your legacy live on.

  • Enjoy the fruits of working life Joe & James were able to provide me with the impetus to take the next step into retirement which could have been delayed without quality financial advice. Dr. Kevin Adams Self Funded Retiree
  • Professional practice to be admired Joe & James' professional practice is to be admired. They are always there for his clients when needed. They freely pass on their expert knowledge without hard product selling techniques. Dr. Elspeth Mckay Associate Professor
  • Personal advice for complex lives Stephan Independent Advisory took the time to understand our situation & tailor their advice & solutions to our specific needs which, being a business owner, can be quite complex. Paul Marsh - Principal P2 Group - Business Owner
  • Family centered advice We have moved our investments from being a private client with a major bank to Stephan Independent Advisory in 2018. Since this move, we have been surprised at the depth of understanding encountered from Joe and James about our future plans and their ability to comprehend exactly what we wish to achieve. Mr Graham and Mrs Judith McKnight Self Funded Retirees
  • Values aligning with our own Clear, timely and direct responses in all areas of communications are outstanding. Meetings are planned and run efficiently to deliver on all our expectations. The firm’s values align to our own so that trust is readily established. Mr John and Dr Kim Watty Self Funded Retirees

It’s Never About Money

Whether you have significant financial resources and question the meaning of success or if you’re wondering whether being that little bit wealthier will make you happier this is the podcast for you.


Stephan Independent Advisory
Private Wealth Management
Suite 506, 1 Princess Street, Kew VIC 3101