Defensive assets are meant to be the boring part of a portfolio. Now, it’s where advisers are making some of their hardest calls.

Bonds spent the past few decades earning a reputation as the go-to hedge to equities. Since 2022, that reputation has been tested, with the correlation between the two asset classes flipping to positive territory.

So, are bonds broken? Are they still good diversifiers for stocks? Or do advisers need to be looking elsewhere to “diversify their diversifiers”?

In this episode, Zenith Investment Partners’ Head of Portfolio Solutions, Andrew Yap, and Head of Alternatives and Global Fixed Income, Rodney Sebire, outline why they believe now is the time for advisers and investors alike to rebuild the defensive portion of their portfolios.

They share where they are seeing the most opportunity (across both public and private markets), how they assess managers (and the red flags you can look out for), as well as some of the recent innovations in managed accounts that can help advisers track public and private exposures.

Chapters:

00:00 Why Bonds Aren’t Broken

05:05 Is De-Dollarisation a Threat?

07:00 Why Private Credit Boomed

11:11 Spotting Private Credit Risks

15:44 Private Credit’s “Cockroach” Problem

19:00 Navigating Private Asset Structures

21:53 Managers That Stand Out

24:38 Building the Defensive Portfolio

27:43 Why Fixed Interest Excites

Register for your ticket to FinFest Industry Day here!

———

CPD Points: This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). Complete the quiz here to claim your points.

0.5 Total Hours

Knowledge Requirements: Managed Investments (0.25 hour), Fixed Interest (0.25 hour)

Legislated CPD Area: Technical Competence (0.50 hour)

———

This episode has been sponsored by Zenith Investment Partners. Zenith Investment Partners is a leading investment research and managed account provider, with a 20-year track record of delivering premium investment research, fund ratings and investment portfolio solutions for financial advisers. https://www.zenithpartners.com.au/

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Basis Points is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.

Hosted on Acast. See acast.com/privacy for more information.

Stephen Otter, Partners Group’s Global Head of Private Markets Royalties, argues that royalties are uncorrelated to markets, low volatility, an inflation hedge, and generate a predictable yield. So, it’s surprising that most investors still have zero allocation to the asset class - despite royalties being around for a good 600 years.

They originated with royal families (as the name suggests), where a payment would be made to a sovereign in return for the granting of mining rights. Today, they cover everything from music, healthcare, film, television, mining, oil and gas, books, theatre, and increasingly YouTube.

To be clear, the asset class isn't without risk. Development-stage royalties can return zero if a drug fails approval or a mine never produces. Even established assets can disappoint.

In this interview, we dive into the opportunity in royalties today, what advisers get wrong about the asset class, and perhaps the most perplexing question of all - why so few investors have exposure.

Chapters:

00:00 Introduction

01:18 Why Evergreen Fits Royalties

03:56 Streaming Transformed Music

08:31 Beyond Music Royalties

11:41 Energy and Mining Royalties

13:42 How Royalties Are Valued

17:37 Royalties in Client Portfolios

19:07 Understanding Regulatory Risk

20:57 When Royalty Investments Go Wrong

24:03 Why Invest in Royalties Now

27:08 Music’s Untapped Growth

📈 Stocks and ETFs Mentioned: Deterra Royalties (ASX: DRR), BHP Group (ASX: BHP)

Register for your ticket to FinFest Industry Day here!

———

CPD Points: This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). Complete the quiz here to claim your points.

0.5 Total Hours

Knowledge Requirements: Alternative Assets (0.50 hour)

Legislated CPD Area: Technical Competence (0.50 hour)

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Want more Basis Points?

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Basis Points is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. Equity Mates Media operates under Australian Financial Services Licence 540697.

Hosted on Acast. See acast.com/privacy for more information.

Grant Hackett has now spent more time working in finance than he did in the pool, but he’s still best known for being one of, if not the greatest, distance swimmers Australia has ever produced.

Hackett hung up his goggles in 2008 and is now the group CEO of ASX-listed Generation Development Group.

In this episode of Basis Points, he takes advisers through the highs and lows of his Olympic career, his early days in business, as well as the significant shifts he believes are coming for the industry.

He also shares his views on what some of the Government’s policy changes (super, capital gains tax, negative gearing and trusts) mean for advisers and their clients.

Chapters:

00:00 Meet Grant Hackett

01:47 From Olympic Gold to Finance

06:20 Olympic Lessons for Leadership

10:44 Inside Generation Development Group

13:44 How GDG Finds Growth

19:28 The Future of Financial Advice

21:05 Investment Bonds and Tax

27:04 What Advisors Are Worried About

29:32 Life After Olympic Swimming

📈 Stocks and ETFs Mentioned:

Generation Development Group (ASX: GDG)

Apple Inc. (NASDAQ: AAPL)

Westpac Banking Corporation (ASX: WBC)

Register for your ticket to FinFest Industry Day here!

———

CPD Points: This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). Complete the quiz here to claim your points.

0.5 Total Hours

Knowledge Requirements: Generic Knowledge (0.25 hour), Managed Investments (0.25 hour)

Legislated CPD Area: Technical Competence (0.25 hour), General (0.25 hour)

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Want more Basis Points?

• Sign up to the Basis Points email
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• Watch all episodes in full and relive some of our favourite clips on YouTube

———

Basis Points is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.

Hosted on Acast. See acast.com/privacy for more information.

Will Hamilton has enshrined a simple belief at Hamilton Wealth Partners: Most financial advice practices pay lip service to client experience, yet it makes all the difference in the eyes of clients.

In this episode, he shares how HWP differentiates through hyper-personalised service, from capping advisers at 50 clients to running large-scale client events that function more like weddings than seminars.

He also gets into the harder conversations, how he manages complex family dynamics, what he screens for when acquiring practices, and the delicate balance of incorporating AI to expand capacity without compromising on service.

Finally, he shares his view on markets. Australian equities are at their lowest weighting in the firm's history, and he explains why he thinks the market is overpaying for AI.

Chapters:

00:00 Introduction

01:12 Why Advisers Need Differentiation

03:10 Creating Memorable Client Experiences

07:29 Events That Drive Growth

10:32 Scaling with AI and Acquisitions

15:07 Managing Complex Family Wealth

19:52 AI, Security, and Advice

22:36 Market Outlook and Portfolio Positioning

26:44 Chart of the Week & Closing

📈 Stocks and ETFs Mentioned:

Magnificent 7 - Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), NVIDIA (NASDAQ: NVDA), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOGL / GOOG), Meta Platforms (NASDAQ: META), Tesla (NASDAQ: TSLA)

Register for your ticket to FinFest Industry Day here!

———

CPD Points: This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). Complete the quiz here to claim your points.

0.5 Total Hours

Knowledge Requirements: Practice Management (0.50 hour)

Legislated CPD Area: Client Care & Practice (0.50 hour)

———

Want more Basis Points?

• Sign up to the Basis Points email
• Join the conversation on LinkedIn
• Watch all episodes in full and relive some of our favourite clips on YouTube

———

Basis Points is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.

Hosted on Acast. See acast.com/privacy for more information.

Advisers’ entire tech stack will collapse in the next two years; that is the bold prediction of Paradino AI Co-Founder and CEO Alex Gassner.

He sees the glaring gap between the 15,000 financial advisers in Australia and those 16 million Australian’s who need advice, as being closed in one way only- by purpose-built AI tools.

Courtenay Fox, Co-Founder of Fox & Hare Financial, knows this firsthand.

After testing around 10 AI tools before narrowing it down, her firm now runs AI across everything from file notes and paraplanning to document review and client communications. No client data goes into any general LLM tool.

In this interview, Gassner and Fox outline why purpose-built AI is set to transform the advice industry, how Fox & Hare are already putting it into practice, and what every adviser needs to know about data security, liability and the looming advice gap.

Chapters:

00:00 AI Will Transform Advice

01:23 The Future Advice Tech Stack

04:05 How Firms Use AI Today

05:17 AI Security and Compliance

10:28 Human Oversight Still Matters

13:00 Client Trust and Transparency

15:32 Data Privacy and AI Models

19:59 Can AI Close the Advice Gap?

21:20 Practical AI Tips Today

24:08 The Future of Financial Advice

Register for your ticket to FinFest Industry Day here!

———

CPD Points: This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). Complete the quiz here to claim your points.

0.50 Total Hours

Knowledge Requirements: Managed Investments (0.50 hour)

Legislated CPD Area: Technical Competence (0.50 hour)

———

This episode has been sponsored by Paradino AI. Paradino is the AI advice automation platform built specifically for Australian financial advisers. To find out more head to paradino.ai.

———

Want more Basis Points?

• Sign up to the Basis Points email
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• Watch all episodes in full and relive some of our favourite clips on YouTube

———

Basis Points is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.

Hosted on Acast. See acast.com/privacy for more information.

The Hall of Fame fund manager and IML founder, Anton Tagliaferro, has seen enough cycles to know we’re nearing the top.

He is convinced we are in a "speculative frenzy" of a bubble.

In this episode, he provides his outlook on markets and where he’s seeing value.

Chapters:

00:00 Introduction

01:22 AI Bubble or Déjà Vu?

03:54 Why AI May Disappoint

07:40 Is Value Investing Dead?

10:17 How Anton Invests Personally

15:15 Back Into Fund Management

16:56 Small Caps and New Fund

20:45 Advice for Uncertain Markets

23:25 Quant Funds Take Over

24:41 Final Market Outlook

📈 Stocks and ETFs Mentioned:

Brambles (ASX: BXB), Coles Group (ASX: COL), Amcor (NYSE: AMCR), Main Pharma (ASX: MYX), DroneShield (ASX: DRO), WiseTech Global (ASX: WTC)

Register for your ticket to FinFest Industry Day here!

———

CPD Points: This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). Complete the quiz here to claim your points.

0.5 Total Hours

Knowledge Requirements: Managed Investments (0.50 hour)

Legislated CPD Area: Technical Competence (0.50 hour)

———

Want more Basis Points?

• Sign up to the Basis Points email
• Join the conversation on LinkedIn
• Watch all episodes in full and relive some of our favourite clips on YouTube

———

Basis Points is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.

Hosted on Acast. See acast.com/privacy for more information.

Do you understand what you're investing in within private credit?

Frank Danieli, Managing Director and Head of Global Credit Solutions at MA Financial explains why that is so important.

From funds providing better disclosures, to advisers having a clearer understanding of what classifies as “private credit”- Danieli talks through the road ahead for the asset class.

Plus, Ally asks for his take on whether we’re in a private credit reckoning.

Chapters:

00:00 Introduction

01:34 Defining Private Credit

04:17 Diversification Beats Specialisation

07:47 Why Close A Fund?

10:31 Biggest Credit Opportunities

14:56 The Quality Concentration Trap

18:46 Due Diligence Red Flags

20:27 Questions Every Adviser Should Ask

21:36 Alternatives In Portfolios

Register for your ticket to FinFest Industry Day here!

———

CPD Points: This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). Complete the quiz here to claim your points.

0.50 Total Hours

Knowledge Requirements: Fixed Interest (0.25 hour), Managed Investments (0.50 hour)

Legislated CPD Area: Technical Competence (0.50 hour)

———

This episode has been sponsored by MA Financial. To learn more about MA Financial’s listed and unlisted private credit strategies, visit MAFinancial.com. Thanks to MA Financial for helping us keep all our content free.

———

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———-

Basis Points is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.

Hosted on Acast. See acast.com/privacy for more information.

What will be the biggest risks and opportunities in markets over the next decade?

While nobody has a crystal ball, Capital Group’s Investment Director Matt Reynolds joins the show to discuss the four structural shifts he believes will have the biggest impact on the decade to come.

Plus, he explains the biggest mistake advisers are making with “diversified” portfolios.

Chapters:

00:00 Introduction

01:40 Shift One AI Opportunity

05:13 AI Bubble Or Earnings Boom

08:52 Shift Two Rewiring Globalization

10:23 Industrial Winners Emerging

13:59 Shift Three Consumers Want Experiences

19:07 Shift Four Healthcare Innovation

24:05 The Diversification Mistake

📈 Stocks and ETFs Mentioned:

Taiwan Semiconductor Manufacturing Company (NYSE: TSM)

Broadcom (NASDAQ: AVGO)

Register for your ticket to FinFest Industry Day here!

———

CPD Points: This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). Complete the quiz here to claim your points.

0.50 Total Hours

Knowledge Requirements: Managed Investments (0.50 hour)

Legislated CPD Area: Technical Competence (0.50 hour)

———

This episode has been sponsored by Capital Group. To find out more about Capital Group and their funds, head to their website: https://www.capitalgroup.com/intermediaries/au/en/

Thanks to Capital Group for supporting this episode of Basis Points and helping to keep our content free.

Disclaimer: Past results are not a guarantee of future results. This information has been provided solely for informational purposes and is not an offer, or solicitation of an offer, or a recommendation to buy or sell any security or instrument listed herein. Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. The information provided is not intended to be comprehensive or to provide advice.

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Want more Basis Points?

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• Watch all episodes in full and relive some of our favourite clips on YouTube

———

Basis Points is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.

Hosted on Acast. See acast.com/privacy for more information.

What if the strategy that built your clients' wealth is the same one quietly destroying it in retirement?

A new report from Milford; When Timing Becomes the Biggest Risk in Retirement, suggests that retirement fundamentally changes the maths of investing- including Dollar Cost Averaging.

Ally sits down with Regan van Berlo, Australian Country Manager at Milford, to hear how the report affects the way advisers prepare their clients for retirement.

Chapters:

00:00:00 Why Retirement Changes Portfolio Construction

03:38 Advising Clients 15 to 20 Years Earlier

00:07:04 Managing Sequencing Risk and Drawdowns

00:10:15 Choosing Better Retirement Portfolio Metrics

00:12:25 Building Retirement Portfolios That Last

00:18:02 Practical Advice for Retirement Conversations

———

CPD Points: This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). Complete the quiz here to claim your points.

0.25 Total Hours

Knowledge Requirements: Retirement (0.25 hour)

Legislated CPD Area: Technical Competence (0.25 hour)

———

This episode has been sponsored by Milford. Visit Milford’s website to find out more about their funds and download their latest Orange Paper ‘When timing becomes the biggest risk in retirement’ here. Thanks to Milford for helping us keep our content free.

https://milfordasset.com.au/orange-paper-when-timing-becomes-the-biggest-risk-in-retirement/

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Want more Basis Points?

• Sign up to the Basis Points email
• Join the conversation on LinkedIn
• Watch all episodes in full and relive some of our favourite clips on YouTube

———

Basis Points is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.

Hosted on Acast. See acast.com/privacy for more information.

The same portfolio mistakes keep showing up across adviser practices, and Jacqueline Fernley, Founder and OCIO of Arcpoint, has seen them all.

When it comes to public markets, the mistakes look different but are just as costly. In this episode, we explore how you can avoid them.

Plus how can advisers locate long term out-performers amongst the huge dispersion of performance in the asset class.

Chapters:

00:00:00 Introduction

00:01:36 Advice Industry Trends

00:06:30 Building An OCIO Business

00:08:05 Market Noise And Staying Invested

00:09:42 Private Credit Reality Check

00:14:45 Private Markets Are Hard

00:17:58 Tax Changes And Portfolio Construction

00:20:44 Infrastructure’s AI Tailwind

00:23:05 What Jacqueline Avoids

00:27:31 How To Assess Managers

00:30:52 The AI CapEx Chart

Want to see this weeks chart? Subscribe to the Basis Points newsletter. You’ll get exclusive insights from each episode, plus detailed analysis of each chart.

———

CPD Points: This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). Complete the quiz here to claim your points.

0.5 Total Hours

Knowledge Requirements: Financial Planning (0.25 hour), Managed Investments (0.25 hour)

Legislated CPD Area: Technical Competence (0.50 hour)

———

Want more Basis Points?

• Sign up to the Basis Points email
• Join the conversation on LinkedIn
• Watch all episodes in full and relive some of our favourite clips on YouTube

———

Basis Points is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.

Hosted on Acast. See acast.com/privacy for more information.