Program

Thursday, 27th August 2020 — DAY 1

11:25 am

WELCOME

11:25 am – 11:30 am

Judith Fox, CEO, SAFAA

11:30 am

The tech story: judging investment

11:30 am – 12:10 pm

  • Speaker: Heath Bencke – Founder and Managing Director, Holon Global Investments
  • Speaker: Stefan Marcionetti – Portfolio Manager, Magellan Global Trust
  • Speaker: Roger Samuel – Senior Vice President, Equity Research, Jefferies

Investment in the tech sector has been steadily rising for years and market volatility and COVID-19 brought yet more focus to bear on the sector. Clients want to invest and advisers are keen to get them involved, but want to know what 2020 market turmoil and COVID-19 means for the sector.

  • How should you judge investment decisions in this rapidly evolving field?
  • What should you look for in the business model?
  • What are the analytics to support an investment decision?
  • Where is the sector heading?
  • What are some of the risks, particularly given the fast-changing nature of the tech sector?
  • Is the concept of a tech sector outdated as all industries are disrupted by technology?

40 mins /0.67 hour FASEA CPD area: Technical competence
RG146: Specialist knowledge — Securities

12:15 pm

Intergenerational wealth transfer — opportunities

12:15 pm – 1:00 pm

Concurrent elective session 1a
  • Speaker: Jason Andriessen – Managing Director, Core Data
  • Speaker: Pat Garrett – Co-Chief Executive Officer, Six Park Asset Management
  • Speaker: Peter McCarthy – Founder & Executive Chairman, myprosperity

Who are the next generation of clients? What are the opportunities? What are the current consumer expectations? Over the next decade we’ll see more than $1.5 trillion transfer between generations, with more and more baby boomers retiring and more millennials saving through investments. This session will explore:

  • intergenerational transfer trends and insights
  • expectations of younger generations
  • the role of robo advice, its benefits and the hybrid approach
  • how to integrate the digital offer into the wealth management eco system
  • redesign of customer portals to provide a different client experience.

45 mins /0.75 hour FASEA CPD area: Client care and practice
RG146: Generic knowledge

Supervising advisers under FASEA

12:15 pm – 1:00 pm

Concurrent elective session 1b
  • Speaker: Donna Caird – Head of Risk, Euroz Securities
  • Speaker: Stuart Frith – Sales & Delivery Director, Lumen, Iress
  • Speaker: Nicole Roberts – Manager, Risk & Governance, Morgans Financial

Licensees are acutely aware of the focus of regulators and have an obligation to ensure that their advisers comply with the FASEA Code of Ethics. The panel will discuss how firms are:

  • eliminating and/or mitigating conflicts of interest relating to remuneration
  • setting expectations on exchanges between advisers and their clients, record-keeping and documentation
  • conducting file reviews, audits and real-time monitoring of statements of advice using AI and machine learning software
  • collating client feedback to understand the consumer perspective
  • implementing what was learnt from supervising advisers when working remotely.

45 mins /0.75 hour FASEA CPD area: Regulatory compliance and consumer protection
RG146: Skills

01:00 pm

LUNCH

1:00 pm – 1:40 pm

01:40 pm

The view from ASX

1:40 pm – 2:10 pm

  • Speaker: Dominic Stevens – Managing Director and Chief Executive Officer, Executive Director, ASX

Dominic Stevens, CEO, ASX will be interviewed by Narelle Hooper, Editor-in-Chief, Company Director

  • CHESS replacement — where is it up to?
  • How can DLT facilitate innovation and competition in financial markets?
  • How is the IPO pipeline evolving?
  • What does the future hold for democratisation of data?
  • COVID-19 and markets

30 mins /0.50 hour FASEA CPD area: General – Practice management
RG146: Specialist knowledge — Securities

02:15 pm

Investment in Asia post-COVID-19

2:15 pm – 2:50 pm

Concurrent elective session 2a
  • Speaker: Sunny Bangia – Portfolio Manager, Antipodes Partners
  • Speaker: Jacob Mitchell – CIO and Lead Portfolio Manager, Antipodes Partners

Jacob Mitchell — CIO and Lead Portfolio Manager, Antipodes Partners in conversation Sunny Bangia, Lead Portfolio Manager, Antipodes Asia Fund

By 2030 four of the five largest economies will be in Asia, with the Chinese market attracting particular interest. This session explores the impact of COVID-19 on Asian equities and markets, the key issues to consider when investing in emerging markets and the powerhouse market of China.

35 mins /0.58 hour FASEA CPD area: Technical competence
RG146: Generic knowledge

 

Attracting the next generation to stockbroking

2:15 pm – 2:50 pm

Concurrent elective session 2b
  • Speaker: George Deva – Head of Private Wealth, Ord Minnett
  • Speaker: Will Hickson – Senior Investment Adviser, Morgans Financial
  • Moderator: Judith Fox – CEO, Stockbrokers and Financial Advisers Association

Many industry firms find themselves with an ageing workforce and challenges both attracting younger and more diverse employees and retaining experienced advisers who should be mentoring the next generation.

  • What strategies can a firm put in place to attract younger talent?
  • What is the role of mentoring? What works in mentoring and what doesn’t?
  • How does the business manage the challenge of younger employees generating revenue in the short term under the FASEA model?
  • How do you manage identified talent and retain experienced talent?
  • How do you approach implementing a diverse workforce?

35 mins /0.58 hour FASEA CPD area: Professionalism and ethics
RG146: Generic knowledge

02:50 pm

GRAB A COFFEE AND STRETCH YOUR LEGS

2:50 pm – 3:05 pm

03:05 pm

Advanced analytics across the business

3:05 pm – 3:35 pm

Concurrent elective session 3a
  • Speaker: Jamie Wickham – Managing Director, Morningstar Australasia

This session will cover:

  • Investment management: debiased investment decisions: new sources of alpha through alternative data; automated big data ingestion for research; improved trade-executions algorithms; identifying correlations; back testing investment strategies; simplifying risk management by calculating risk ratios and ‘what if’ scenarios
  • Asset administration: increased process automation; automated trade surveillance; decreased costs for data management; increased administrative efficiency
  • Sales and marketing: behavioural segmentation of clients; data-driven client prospecting and retention; personalised digital marketing

30 mins /0.50 hour FASEA CPD area: Client care and practice
RG146: Skills

High growth down under

3:05 pm – 3:35 pm

Concurrent elective session 3b
  • Speaker: Max Cunningham – Executive General Manager — Listings & Issuer Services, ASX

The Australian technology sector continued to expand in 2019, with ASX welcoming a mix of high-profile local tech firms, and foreign companies to the exchange. ASX launched the new S&P/ASX All Technology Index in February 2020. Then COVID-19 hit markets worldwide, and technology stocks soared. What does this mean for the broking and investment advice industry and investors?

30 mins /0.50 hour FASEA CPD area: General — Practice management
RG146: Specialist knowledge — Securities

03:40 pm

Supervising the financial services sector

3:40 pm – 4:20 pm

  • Speaker: Cathie Armour – Commissioner, Australian Securities and Investments Commission
  • Speaker: David Locke – Chief Ombudsman and CEO, Australian Financial Complaints Authority
  • Speaker: Helen Rowell – Deputy Chair, Australian Prudential Regulation Authority
  • Moderator: Judith Fox – CEO, Stockbrokers and Financial Advisers Association

The financial services sector is one of the most highly regulated in Australia. Licensees and advisers need to be aware of multiple obligations and also of the convergence of regulation. This session will see three major regulators discuss the key focus areas, such as:

  • what was learnt from COVID-19?
  • conflicts of interest supervision
  • complaints after market volatility
  • the impact of BEAR on AFSL holders and remuneration practices
  • the regulator’s perspective on the future of financial regulation.

40 mins /0.67 hour FASEA CPD area: Regulatory compliance and consumer protection
RG146: Generic knowledge

04:25 pm

Managed accounts and platforms: shape of the future

4:25 pm – 5:00 pm

Concurrent elective session 4a
  • Speaker: Matt Heine – Joint Managing Director, Netwealth Investments Limited
  • Speaker: Martin Morris – Head of Distribution and Director, Praemium Australia

Managed accounts are an important tool in the array of services provided by licenced providers, in addition to compliance, education and other support.

  • With conflicted remuneration banned, how do different managed account structures enable advice firms to meet both their own and, more importantly, their clients’ objectives?
  • Custodial vs HIN-based managed accounts — What are the pro’s and cons’ of each?
  • How do the different managed account types help the transformation of a transactional revenue-driven business model to a holistic wealth management business model?
  • In the context of assisting the shift to a profession, what does your managed account ‘stand for’ and how is this a foundation for professional advisers to serve clients in their best interest?

35 mins /0.58 hour FASEA CPD area: Technical competence
RG146: Specialist knowledge — Managed investments

Technology: friend or foe?

4:25 pm – 5:00 pm

Concurrent elective session 4b
  • Speaker: Calissa Aldridge – Senior Executive Leader — Market Supervision, ASIC
  • Speaker: James Astley – Federal Agent, Crime Operations, Australian Federal Police
  • Speaker: Paul Black – Partner, KPMG

Managing emerging risks such as cyber security, social engineering and ongoing risks such as KYC and payment identity not only go to the heart of a successful compliance regime, but also a successful business. The level of scrutiny as to how advice businesses manage these risks is increasing dramatically. How do you keep on top of the demands?

  • What deep dives can you undertake to bring risks across the business to the surface?
  • How do you train and educate all employees to manage the risks appropriately?
  • How do you provide your board with visibility of these risks?
  • Convergence of laws across jurisdictions — how do you keep ahead of the curve?

35 mins /.58 hour FASEA CPD area: Regulatory compliance and consumer protection
RG146: Generic knowledge

05:00 pm

DAY 1 CONFERENCE CLOSE

5:00 pm – 5:05 pm

Judith Fox, CEO, SAFAA

05:15 pm

DRINKS AND TRIVIA AROUND THE COUNTRY

5:15 pm – 5:45 pm


Friday, 28th August 2020 — DAY 2

09:00 am

WELCOME

9:00 am – 9:05 am

Brian Sheahan, Chair, SAFAA

09:05 am

A global perspective on key investment themes and trends post COVID-19

9:05 am – 9:45 am

  • Speaker: Scott Helfstein – Co-Head of Market Research and Strategy & Head of Thematic Portfolios, Morgan Stanley USA

The differences between the pre-COVID and post-COVID worlds are starting to come into sharper focus. The COVID crisis has also accelerated trends that were already in place and the market is noticing. This session will provide a global view on the investment themes and trends that will be crucial for investing success.

40 mins /0.67 hour FASEA CPD area: Technical competence
RG146: Specialist knowledge — Securities

09:50 am

Financial services after COVID-19: view from the government

9:50 am – 10:20 am

30 mins /0.50 hour FASEA CPD area: Regulatory compliance and consumer protection
RG146: Generic knowledge

10:20 am

MORNING TEA

10:20 am – 10:40 am

10:40 am

Transformation in wealth management and broking services

10:40 am – 11:20 am

  • Speaker: Ronan Leonard – Head of Wealth Market Development, Pacific, Refinitiv
  • Speaker: George Lucas – Founder Managing Director/CEO, Raiz
  • Speaker: Laszlo Peter – Head of Blockchain Services Asia Pacific, KPMG

With the confluence of wealth transfer and creation, recent technological advancements and the rise of millennial preferences, we’ve seen unprecedented transformation in the ways wealth management services and broking are offered. This session explores:

  • how technology is driving the digital transformation of the investment and asset management industry
  • fractional share trading and zero commissions on trading on equities, exchange-traded funds and options
  • tokenisation and its interaction with blockchain
  • how AI and workflow automation are driving the future of trading
  • combining machine learning algorithms with predictive analytics to help advisers generate more insights and provide customised advice for clients
  • meeting clients’ demands for more transparency and personalised information.

40 mins /0.67 hour FASEA CPD area: Client care and practice
RG146: Specialist knowledge — Securities; and Financial planning

 

11:20 am

GRAB A COFFEE AND STRETCH YOUR LEGS

11:20 am – 11:30 am

11:30 am

Codes, conflicts and clients

11:30 am – 12:10 pm

  • Moderator: Judith Fox – CEO, Stockbrokers and Financial Advisers Association

The FASEA Code of Ethics asks financial advisers to apply an ethical lens to each interaction with each client. Advisers are concerned that being paid for providing advice will see them in breach of the Code. Legal opinion on interpretation of the Code is yet to be tested. This panel session will explore:

  • Is it possible to provide advice if you earn money from the advice?
  • What does it mean for remuneration structures to strictly apply the Code?
  • What does legal opinion tell us about how the Code applies?

35 mins /0.58 hour FASEA CPD area: Professionalism and ethics
RG146: Generic knowledge

12:10 pm

Financial services after COVID-19: View from the Opposition

12:10 pm – 12:40 pm

30 mins /0.50 hour FASEA CPD area: Regulatory compliance and consumer protection
RG146: Generic knowledge

12:40 pm

LUNCH & SESSION BREAK

12:40 pm – 3:25 pm

03:25 pm

WELCOME TO AFTERNOON SESSION

3:25 pm – 3:30 pm

Judith Fox, CEO, SAFAA

03:30 pm

Impact and responsible investing

3:30 pm – 4:10 pm

Concurrent elective session 5a
  • Speaker: Daniel Madhavan – CEO, Impact Investing Group
  • Speaker: Kate Turner – Responsible Investment Specialist, First Sentier

Philanthropy is converging with impact investing. ESG investment is consistently returning strong performance. High net worth clients are seeking to invest their wealth as a force for good. But the impact of COVID and the economic downturn has left firms wondering how impact and ESG investing is going to shift innovation, and what will now be required to grow their business and retain clients?

  • Aligning investors, philanthropists and entrepreneurs
  • Does the democratisation of capital achieve its stated outcomes?
  • What makes good responsible investment advice and wealth management?
  • What will ESG and impact investing look like after the dust settles from the pandemic?

40 mins /0.67 hour FASEA CPD area: Technical competence
RG146: Specialist knowledge — Securities

Changing investment strategies in a post-pandemic world

3:30 pm – 4:10 pm

Concurrent elective session 5b
  • Speaker: Julia Lee – Founder and Chief Investment Officer, Burman Invest
  • Speaker: Mary Manning – Portfolio Manager, Ellerston Capital

The effects of the COVID-19 outbreak will transform the way the world operates for the foreseeable future. Investors are asking how the downturn will affect company valuation and the stability of revenue streams and looking at asset allocation and portfolio construction. This panel will discuss the flexibility required to respond to further shifts in market conditions in a post-pandemic world.

40 mins /0.67 hour FASEA CPD area: Technical competence
RG146: Specialist knowledge — Securities

04:15 pm

The impact of the US election on markets

4:15 pm – 5:00 pm

Australian investors, along with those in most parts of the developed world, are about to discover that during 2020 their fortunes will be increasingly linked to what is happening in the November 3rd US presidential election. While American presidential elections are always important for markets, rarely has there been one that has such wide global ramifications. The impact of COVID-19 and tensions with China have amplified this.

45 mins /0.75 hour FASEA CPD area: General — economic environment
RG146: Generic knowledge

05:00 pm

CLOSE OF CONFERENCE

5:00 pm – 5:00 pm