In 2016 Contact Asset Management was established as an innovative investment manager, implementing a set of principles honed over many generations. We focus on developing strong relationships with our clients and invest alongside our shareholders, managing unique products to create long-term wealth. Contact is wholly owned by its founders Tom Millner, Will Culbert and Washington H Soul Pattinson Limited (Soul Pattinson). Together we are committed to investing for better outcomes.
In 1933, Mr M C G Claveranne, a Sydney accountant and Mr D Lewis, a Randwick trainer formed a racing partnership by purchasing the colt “Contact” for 150 guineas (~£160). Over the next three years, Contact would net the partnership almost £6000, culminating in victory at the 1936 Sydney Cup after running 4th in the 1935 Melbourne Cup. Messrs Claveranne and Lewis co-owned a number of racehorses together and formed a very successful partnership.
Max Claveranne was Tom Millner’s Great Grandfather and Danny Lewis was Will Culbert’s Great Grandfather.
In 1886 Lewy Pattinson opened his first pharmacy in Balmain. Pattinson and Co. then bought out Washington H. Soul and Co and on 21 January, 1903, Washington H. Soul Pattinson and Company Limited was listed on the ASX. Soul Pattinson is the second oldest publicly listed company on the ASX and one of only a few that has been successfully managed by the same family from the outset – and therein lies the key to its strength. Five generations of the Pattinson family have served the company; Rob Millner being the fourth and Tom Millner being the fifth. Its leadership has been grounded in successive family members who value the history of the company, yet are able to adapt to changing times and economic conditions. All have had the ability to spot talented people to fill senior and middle management positions.
Soul Pattinson today is a significant investment house with a portfolio encompassing many industries including retail, building materials, natural resources, healthcare, equity investments, agriculture, education, telecommunications and finance. It is these relationships and access to businesses that provide Contact Asset Management with a clear competitive advantage against our peers.