Aaron McMurray

Aaron McMurray is a co-founder and director of TMS Capital (now operating as TMS Private Wealth), a boutique private wealth advisory firm he established in 2004 alongside Matt Stephens. With over 29 years of experience in investment markets (providing advice since 1997), Aaron has navigated multiple financial cycles and built deep expertise in direct investment management, portfolio construction, and private market deal sourcing for high-net-worth individuals and families.

Prior to founding TMS Capital, Aaron held the role of Senior Financial Advisor at Tolhurst Noall, an Australian brokerage firm specialising in listed equities and derivatives trading, where he was responsible for client advisory services, financial planning, and portfolio management. Earlier in his career, he served as a Financial Advisor at Zurich Insurance Company Ltd and also held a position at Legal & General, gaining broad foundational experience across insurance, financial planning, and investment management.

Aaron holds a Bachelor of Applied Science (Communications / Social Sciences) from the University of Technology Sydney (UTS), completed between 1992 and 1997. He is a licensed financial adviser under AFSL 333008. TMS Private Wealth is 100% employee-owned, reflecting the founders' commitment to aligning the firm's interests with those of its clients.

Aaron and TMS Private Wealth focus on sourcing unique and often exclusive investment opportunities that are typically reserved for large institutional investors, making them accessible to high-net-worth individual clients. The firm's investment philosophy centres on bespoke, personalised portfolio construction tailored to each client's risk profile, values, and long-term wealth objectives.

Key areas of focus include:

Aaron places significant emphasis on thorough due diligence, conducting detailed analysis and collaborating closely with clients to ensure every aspect of a potential investment is meticulously evaluated before commitment. His approach is adaptive, adjusting to changing market conditions while maintaining portfolio robustness through diversification across asset classes and geographies.

• Private equity in high-growth sectors, particularly artificial intelligence and technology
• Arbitrage strategies that exploit market mispricing
• Private credit -- Aaron has shown interest in the structural shifts occurring in Australia's private credit market
• Listed and unlisted Australian and international equities, including hedging strategies
• Fixed income -- government and corporate bonds (including unlisted bonds), hybrids, and term deposits
• Direct investing -- the firm acts as a specialist in sourcing and evaluating direct investment opportunities across public and private markets