Finology Summit 2017 - Resources Kit

Strong winds of change are blowing - we appear to be entering a new age of populist and economic nationalism. Will this mean a future of trade protectionism, higher inflation and rising bond yields? Are we at an inflection point in monetary and fiscal policy? What does it all mean for the outlook for the markets? Simultaneously, people are questioning long-held beliefs about money, investing and retirement, as improved longevity, new technologies and social media change the way we live and how we relate to others.

Finology Summit 2017 featured a stellar lineup of finology experts offering their best high conviction idea/thesis on how the winds of change are impacting how investors think and behave with respect to money, and how we can better relate with them (and help others who must do so).

Quicklinks

This online Resources Kit is a key feature of the Finology Summit 2017 program (in fact, all our programs feature an online Resources Kit). It enables all Members to "attend", whether or not they were part of the "studio audience" at the live program. It's an invaluable set of continuing education material. This Resources Kit includes all the presentations and papers for each session.

Faculty
Resources

A stellar lineup of international and local finology experts;
Session summaries, presentations (sync'd video/slides), papers, podcasts, and slides.

FACULTY

Finology Summit featured a stellar lineup of international and local finology experts:

  • Michael Kitces - Partner & Director of Wealth Management, Pinnacle Advisory (Washington DC)

  • Graham Rich - Managing Partner & Dean, PortfolioConstruction Forum (Sydney)

  • Stig Nybo - Global Head of Client Development, Capital Preferences (San Francisco)

  • Sid Sahgal - CEO & Founder, Macrovue (Sydney)

  • Ian Knox - Co-Founder & Managing Director, Paragem (Sydney)

  • Joanne Earl, PhD - Associate Professor, Flinders Business School, Flinders University (Adelaide)

  • Douglas Isles - Investment Specialist, Platinum Asset Management  (Sydney)

  • Tim Farrelly - Principal, farrelly’s Investment Strategy (Sydney)

  • Troy Hendrickson, PhD - Duke CE (Perth)

RESOURCES

Finology
The winds of change and the 4IR
S
trong winds of change are blowing - we appear to be entering a new age of populist and economic nationalism. People are questioning long-held beliefs about money, investing and retirement, as improved longevity, new technologies and social media change the way we live and how we relate to others.

Graham Rich - Managing Partner & Dean, PortfolioConstruction Forum (Sydney)

Resources

 

Finology
Empathy is the essential skill to survive
The compounding growth of computing power suggests it’s only a matter of time before computers have the same brainpower as a human being. In fact, if Moore’s Law – that computing power doubles every 18-24 months – continues to hold, the crossover point where computers are smarter than humans might not even be all that far away. Which has troubling implications for a wide range of knowledge-based professions, from doctors, to lawyers, to financial planners. Yet research shows that our brains are hard-wired to process information differently when received from human beings rather than computers. This implies the key trait for relating to investors will be the one skill that our brains are not programmed to receive from a computer - empathy.

Michael Kitces - Partner & Director of Wealth Management, Pinnacle Advisory (Washington DC)

Resources

 

Finology
The Advice Tipping Point is imminent
Aging populations, low interest rates, and increased market complexity have financial wellbeing teetering on the edge. This is a global phenomenon with regulatory tailwinds, fee pressure, and unbridled experimentation around the delivery of advice. But the attack on advisors is not unique, it is simply next in a steady stream of disruption. Ironically, technology is both our poison and antidote.

Stig Nybo - Global Head of Client Development, Capital Preferences (San Francisco)

Resources

 

Panel
Charmaine Cheung, CIMA - Head of Advice Research & Offer Proposition, BT Financial Group (Sydney)
Ian Knox - Co-Founder & MD, Paragem (Sydney)
Sid Sahgal - CEO & Founder, Macrovue (Sydney)
Stig Nybo - Global Head of Client Development, Capital Preferences (San Francisco)

Resources 

  

Finology
People know what to do to change their circumstances. They just need to do it!
People are bombarded with multi-media messages about the importance of changing behaviour across all facets of life. "Exercise more." "Eat less." "Plan ahead." "Buy low, sell high." But is it really all that easy? Can people easily change their behaviour and take action without support? What can be done to encourage people to act? The Theory of Planned Behaviour identifies elements that increase the likelihood of making changes - attitudes, the role of significant others and perceived control. When combined with implementation intentions, the theory of planned behaviour can help to promote real change and convert intentions into outcomes.

Joanne Earl, PhD - Associate Professor, Flinders Business School, Flinders University (Adeliade)

Resources

 

Finology
Buy Low, Sell High sounds simple but clients need a framework

Despite increased awareness of behavioural finance, evidence confirms investors' poor timing with managed funds due to performance chasing. The world is probabilistic, but industry communication revolves around forecasts, opinions and outcomes, over-emphasising recent success. Markets present huge challenges – dealing with social pressures, processing information and timeframes. Clients benefit from understanding the investment journey. Most learn via anecdote and analogy - but key knowledge includes the range of outcomes and coping with feelings of loss aversion and FOMO. Having prepared responses to scenarios improves the chance of success. This framework is simply "Buy Low, Sell High".

Douglas Isles - Investment Specialist, Platinum Asset Management (Sydney)

Resources 

  

Finology
An investment philosophy is critical

Investors are becoming more educated and enquiring. More and more they want to know WHY their adviser is making recommendations as well as what those recommendations are. This is critically important in times of market stress – the market is falling, why aren’t we selling? Should we be buying? To get the best results for investors, advisers need to be able to bring take them on the journey. To do that a clear, communicable, logical and understandable Investment Philosophy is critical. If an investor understands their adviser's investment philosophy, bringing them along - particularly in times of market stress – will be dramatically easier. This workshop will help you develop your investment philosophy, deciding what's important and what's not - and some ways to assist communication.

Graham Rich - Managing Partner & Publisher, PortfolioConstruction Forum (Sydney)
Tim Farrelly - Principal, farrelly's Investment Strategy (Sydney)

Resources 

 

Finology
Focus investors on goals with a retirement spending policy

Most investors' capital is there for a purpose – generally, to generate sufficient cash flow to fund their desired retirement. In reality, most investors don't stress about returns, it's whether the returns will be sufficient to fund their goals. A robust, formal, written spending policy should describe how much confidence is required that funds will not be exhausted; how much can be spent each year; how that spending will be adjusted for changes to costs of living; and, how the spending plan will be reviewed each year to take account of changing circumstances. This way, we can help investors focus on what's really important - will they meet their goals?

Tim Farrelly - Principal, farrelly's Investment Strategy (Sydney)

Resources 

 

Finology
Mindset/Skillset/Toolset - the trifecta for success

It is important to have both expertise and intellect to be successful in our roles. However, the key to being able to influence others is often underpinned by character attributes like credibility, trust and the ability to establish and maintain rapport. It's vital to have the right MINDSET, build the right SKILLSET and apply the right TOOLSET to maximise your connection and communication with investors.

Troy Hendrickson, PhD - Duke CE
 

Resources 

 

 

 

 

 

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Finology Summit 2017 - The winds of change - key takeouts >