SAFAA 2021 Hybrid Conference

20 May — 21 May 2021

Program

Thursday, 20th May 2021 — DAY ONE

09:45 am

Registration, tea and coffee

9:45 am – 10:30 am

10:30 am

Conference opens

10:30 am – 10:35 am

10:35 am

Disruption and the value vs growth debate

10:35 am – 11:15 am

Panel

  • Speaker: Emma Fisher – Portfolio Manager & Head of Research, Airlie Funds Management
  • Speaker: Jun Bei Liu – Portfolio Manager, Tribeca Alpha Plus Fund
  • Speaker: Vihari Ross – Head of Research / Portfolio Manager, Magellan Financial Group
  • Speaker: Andrew Smith – Head of Smaller Companies and Micro Caps, Perennial

Value investing is one of the oldest and most intuitive styles of equity investing. Yet in 2020 the headlines screamed that poor performance meant its heady days were not returning. Massive disruption, whether driven by technology, demographics or otherwise, is testing (sometimes displacing) traditional business models. Is value investing a lost cause? Or does a longer view of history show that value’s cycles give confidence that the slump is temporary? Are growth stocks and the expansion of earnings multiples untethered to valuation? The ‘if to rotate’ and ‘when to rotate’ question is front of mind for brokers and investment advisers. Hear experts from both sides explore this central investor question.

0.67 hours FASEA Technical Competence
0.67 hours ASIC Specialist Knowledge — Securities

11:15 am

Transition

11:15 am – 11:20 am

11:20 am

The future of financial advice

11:20 am – 12:00 pm

Panel

  • Speaker: Dr Pamela Hanrahan – Professor of Commercial Law and Regulation, UNSW - NSW Business School
  • Speaker: Michael Rice AO – Executive Director, Rice Warner
  • Speaker: Mark Ryan – Director - Investment & Wealth Advisory, Deloitte
  • Moderator: Mike Taylor – Managing Editor, Money Management

The demand for financial advice is strong, with 41% of Australians intending to get advice in the future. Yet the sector has never felt so pressured by regulatory requirements and the cost of accessing advice is increasing.

  • What can current trends tell us about the future of stockbroking and financial advice?
  • How will changing client expectations redefine the role of brokers and advisers in the future, and what skills and capabilities will be essential for success?
  • Which business models are likely to succeed or fail, and what do firms need to be learning and doing now to thrive in the future?
  • What regulation will support or hinder access to financial advice?
  • What role will tone from the top play in confirming ethics in the industry?

0.67 hours FASEA Professionalism and Ethics
0.67 hours ASIC Specialist Knowledge — Financial Planning

12:00 pm

Transition

12:00 pm – 12:05 pm

12:05 pm

Digital access to wealth management: disruptive threat or golden opportunity?

12:05 pm – 12:45 pm

Panel

Amidst all of the extraordinary impacts of the COVID virus in 2020, one of the most surprising was the huge increase in young people taking to digital investing – the so-called ‘Robinhood effect’. Will young investors gravitate to traditional wealth managers as their wealth increases, and in particular, as they begin to inherit the huge intergenerational wealth transfers moving from the Baby Boomer generation? Or do they want to invest their way, digitally first and preferring to rely on social media sites like TikTok and Reddit for guidance? Some of the biggest wealth managers in the world are now launching digital investing solutions in an effort to capture this generation. What does this mean for Australian wealth managers? Are they ready to reach and engage with young investors digitally, or is the market wide open for global players and their huge tech budgets to capture the next generation?

0.67 hours FASEA Client Care and Practice
0.33 hours ASIC Specialist Knowledge — Securities
0.33 hours ASIC Specialist Knowledge — Financial Planning

ESG investing trends and portfolio construction

12:05 pm – 12:45 pm

Panel

  • Moderator: Julia Lee – Chief Investment Officer, Burman Invest

ESG-oriented investing has experienced a meteoric rise, accelerated during COVID. Over the past five years, sustainable funds have done well in both up and down markets relative to their conventional peers. The performance of sustainable funds relative to the fund universe is consistent with evidence from academic research which shows that they outperformed their conventional fund through reduced risk or added alpha. Stockbrokers and investment advisers need to consider how they integrate ESG into their investment decision framework, including the design of investment portfolios and the aggregation of investment risk and performance.

0.67 hours FASEA Technical Competence
0.67 hours ASIC Specialist Knowledge — Securities

12:45 pm

Lunch

12:45 pm – 1:25 pm

01:25 pm

The view from the government

1:25 pm – 1:55 pm

0.5 hours FASEA Regulatory Compliance & Consumer Protection
0.5 hours ASIC Generic Knowledge

01:55 pm

Transition

1:55 pm – 2:00 pm

02:00 pm

Not if, but when — cyber attacks and advisers' top risks

2:00 pm – 2:40 pm

Panel

  • Speaker: Robyn Adcock – Cyber/ Technology Practice Leader, Gallagher
  • Speaker: Lex Burke – Senior Manager | Forensic & Tech Services, Clayton Utz
  • Speaker: Peter Woollacott – CEO and Founder, Hunstman Security

Cyber-attacks have become commonplace — businesses lose millions of dollars every year. These attacks can cripple many companies financially, and others may see a decrease in productivity. This session will address software security, the regulatory environment and data rights to help advisers proactively guard against a cyber attack.

0.67 hours FASEA Regulatory Compliance & Consumer Protection
0.67 hours ASIC Generic Knowledge

Energy sector 2021: Navigating the carbon transition

2:00 pm – 2:40 pm

Panel

  • Speaker: Graham Hay – Portfolio Manager, Antipodes
  • Speaker: Alex Pollak – Chief Investment Officer, Loftus Peak
  • Speaker: Mark Samter – Senior Research Analyst, MST Marquee
  • Moderator: Scott Webster – MD, Head of Platform Solutions Group, UBS

Around the world, investments in the energy system are shifting, with increasing funds flowing into renewables, grid flexibility mechanisms, and low carbon transport. There is growing need for new market structures to be defined and existing ones to play different roles in order to encourage low carbon investments across all sectors of energy, while also keeping the energy system stable and conventional sources flowing. This session examines the energy transition and the implications for global energy markets and investment strategies. This is a volatile market sector – keeping abreast of changes is a key issue for all investors and their advisers.

0.67 hours FASEA Technical Competence
0.67 hours ASIC Specialist Knowledge — Securities

02:40 pm

Afternoon tea

2:40 pm – 3:00 pm

03:00 pm

Financial advisers meet their regulators

3:00 pm – 3:40 pm

Panel

Financial advisers are subject to regulation by ASIC and FASEA, with a single disciplinary body to be introduced at some point in 2021. Complaints against advisers go to AFCA. This session provides the opportunity for advisers and their licensees to hear from those who regulate them about the key issues in financial advice regulation this year.

0.67 hours FASEA Regulatory Compliance & Consumer Protection
0.67 hours ASIC Generic Knowledge

03:40 pm

Transition

3:40 pm – 3:45 pm

03:45 pm

Managing exiting (client transition) senior advisers due to FASEA requirements

3:45 pm – 4:25 pm

Panel

  • Moderator: George Deva – Head of Private Wealth, Ord Minnett

An exodus of experienced stockbrokers and investment advisers with decades of experience under their belt and a book of satisfied clients will hit the industry in the next few years. What happens to their client base? How do the advisers plan for their retirement and what can licensees do to support them? While all business models differ and there is no one-size-fits-all approach, this session will canvass some of the key issues that need to be considered when planning exits from the industry.

0.67 hours FASEA Client Care and Practice
0.67 hours ASIC Specialist Knowledge — Financial Planning

Investment in China

3:45 pm – 4:25 pm

Panel

What does tightening Chinese investment regulation mean for Australian investors? China saw positive economic growth in 2020, but will the policy environment and monetary conditions tighten and economic growth slow? What does the broader context of the market mean for investment when considering opportunities?

0.67 hours FASEA Technical Competence
0.67 hours ASIC Specialist Knowledge — Securities

04:25 pm

Transition

4:25 pm – 4:30 pm

04:30 pm

Acceleration of digital stockbroking and wealth management

4:30 pm – 5:10 pm

Panel

  • Moderator: Recep Peker – Founder, Empower Business Advisory

Structural shifts are currently underpinning the stockbroking and wealth management sector, accelerated by the global pandemic

  • Leveraging emerging technologies to increase operational efficiencies, lower costs, and improve margins and compliance
  • Reviewing the impact of greater automation on client experience vs cost saving
  • Replacing legacy systems and re-platforming
  • Important considerations in planning the digitisation roadmap for your business.

0.67 hours FASEA General
0.67 hours ASIC Specialist Knowledge — Financial Planning

05:10 pm

Day One close

5:10 pm – 5:15 pm

05:15 pm

Networking drinks for face-to-face delegates

5:15 pm – 7:00 pm

Zeta Bar


Friday, 21st May 2021 — DAY TWO

07:15 am

Executive Breakfast

7:15 am – 8:30 am

Invitation only

08:30 am

Coffee and tea

8:30 am – 9:00 am

09:00 am

Welcome

9:00 am – 9:05 am

09:05 am

A pivotal time for financial advisers

9:05 am – 9:45 am

Panel

  • Speaker: Sherise Mercer – Head of Virtual Adviser Network, Macquarie
  • Speaker: Stuart Raftus – President, Canaccord Genuity Wealth Management

This session explores the opportunities inherent in the professionalisation of the financial adviser from a global and Australian perspective. The panel will discuss:

  • What is the practical meaning of representing a profession?
  • What is the client experience and expectation of the financial advice professional?
  • International trends and observations – what successful advisers have in common
  • How will advisers collectively create client value going forward?

0.67 hours FASEA Professionalism and Ethics
0.67 hours ASIC Specialist Knowledge — Financial Planning

09:45 am

Transition

9:45 am – 9:50 am

09:50 am

Licensees — an endangered species?

9:50 am – 10:30 am

Panel

  • Speaker: John Clifford – Managing Director, Morgans Financial
  • Speaker: Dante De Gori – CEO, Financial Planning Association of Australia
  • Speaker: Chris Webster – Head of Private Wealth, Euroz Hartleys
  • Moderator: Belinda Gibson – Non-Executive Director, Brisbane Airport, Ausgrid & Citi Australia

Recent reforms to the regulation of financial advice have focused on creating individual and professional obligations for financial advisers, moving away from the historical practice of imparting regulatory obligations through a licensee. Proposals are being discussed that the law should change to separate the regulation of financial products from the regulation of financial advice, focusing the AFSL system on the regulation of financial products and removing the requirement for an AFSL to cover the provision of financial advice. What are the implications of such a move for monitoring of the quality of advice; capital adequacy; liquid funds; supervision and the advisers themselves?

0.67 hours FASEA Professionalism and Ethics
0.67 hours ASIC Specialist Knowledge — Financial Planning

10:30 am

Morning tea

10:30 am – 10:50 am

10:50 am

In blockchain and cryptocurrencies we trust?

10:50 am – 11:30 am

With cryptocurrencies created and stored electronically in blockchain, using encryption techniques to control the creation of monetary units and to verify the transfer of funds, advisers are considering the investments environment. Is bitcoin a hedge against currency debasement, inflation protection or as an alternative to gold? Does bitcoin offer a compelling risk-reward profile among assets? Is there an opportunity cost to ignoring bitcoin as part of a new asset class? Will cryptocurrencies be a mainstay on approved product lists or not?

0.67 hours FASEA Technical Competence
0.67 hours ASIC Specialist Knowledge — Securities

Behavioural finance: yada yada yada — what do I need to know, and how can I use it?

10:50 am – 11:30 am

  • Speaker: Simon Russell – Founder and Director, Behavioural Finance Australia

Anyone who wants to provide licensed advice can no longer avoid having at least a working understanding of behavioural finance. It’s now part of the FASEA exam, as well as the broader adviser education requirements. This session tells you what you will need to know to satisfy these obligations. It will also bust some common myths about behavioural finance, and provide a number of practical examples about how stockbrokers and financial advisers can apply behavioural concepts to enhance their client engagement.

0.67 hours FASEA Client Care and Practice
0.67 hours ASIC Specialist Knowledge — Financial Planning

11:30 am

Transition

11:30 am – 11:35 am

11:35 am

Fresh approach to income

11:35 am – 12:15 pm

  • Speaker: Joran Laird – Portfolio Specialist, T. Rowe Price
  • Speaker: Libby Newman – Investment Specialist, Vanguard Australia
  • Moderator: Julia Lee – Chief Investment Officer, Burman Invest

What can we expect from markets following the impact of coronavirus, the dangers to yield-seeking investors of heading further up the risk curve, and the importance of accessing broader opportunity sets and newer structures such as active ETFs when it comes to fixed income allocations?

0.67 hours FASEA Technical Competence
0.67 hours ASIC Specialist Knowledge — Securities

Sustainable finance

11:35 am – 12:15 pm

Panel

  • Speaker: Pablo Berrutti – Founder, Altiorem
  • Speaker: Phil Vernon – Director, Investor, former CEO, Australian Ethical Investment

This session covers the latest viewpoints on establishing a well-functioning and at-scale market structure for climate-aligned finance. Explore effective methods to motivate greater investment in all types of climate finance and create more efficient climate finance market structures. Examine how to engage the socially aware and proactive millennials in preparation for the great transfer of wealth and how to convey long-term value through responsible investment to clients.

0.67 hours FASEA Technical Competence
0.67 hours ASIC Specialist Knowledge — Securities

12:15 pm

Transition

12:15 pm – 12:20 pm

12:20 pm

The view from the Opposition

12:20 pm – 12:50 pm

  • Speaker: The Hon Stephen Jones MP – Shadow Assistant Treasurer, Shadow Minister for Financial Services and Superannuation, Member for Whitlam

0.5 hours FASEA Regulatory Compliance & Consumer Protection
0.5 hours ASIC Generic Knowledge

12:50 pm

Lunch

12:50 pm – 1:30 pm

01:30 pm

The view from ASX

1:30 pm – 2:00 pm

Interview

  • Speaker: Tim Hogben – Group Executive, Equity Post-Trade, ASX
  • Speaker: Dominic Stevens – MD, CEO and Executive Director, ASX
  • Moderator: Julia Lee – Chief Investment Officer, Burman Invest

0.5 hours FASEA General
0.5 hours ASIC Specialist Knowledge — Securities

02:00 pm

Transition

2:00 pm – 2:05 pm

02:05 pm

Navigating the Professional Year

2:05 pm – 2:45 pm

Panel

  • Speaker: Simon Hopkins – Senior Investment Adviser, Morgans Financial
  • Speaker: Cameron Murray – Executive Director/ Investment Adviser, Euroz Hartleys
  • Moderator: Joel Ronchi – Principal Consultant, myIntegrity in Practice

One of the biggest challenges arising from the FASEA education requirements is for new entrants to stockbroking and investment advice to be supervised by a FASEA-qualified adviser. This session looks at the journey some have already commenced, focusing on navigating those first Professional Year candidates and what has been learnt on the way.

0.67 hours FASEA Professionalism and Ethics
0.67 hours ASIC Generic Knowledge

Pandemic shopping: is it here to stay?

2:05 pm – 2:45 pm

  • Speaker: Ben Gilbert – Head of Australian Research, Jarden Group

Our upended shopping habits in COVID are a glimpse at how we’ve been altered by the pandemic. Fiscal relief passed by governments has supported household incomes despite the rise in unemployment, and consumer spending that would have gone to in-person activities such as plane tickets and restaurant meals has gone into buying physical products instead. What happens once there’s a vaccine and consumer spending shifts back to in-person activities? Will that normalisation process be good news for the economy overall but bad news for retailers that have benefited from 2020’s disruption? What is the future of investment in retail?

0.67 hours FASEA Technical Competence
0.67 hours ASIC Specialist Knowledge — Securities

02:45 pm

Transition

2:45 pm – 2:50 pm

02:50 pm

A world without growth?

2:50 pm – 3:30 pm

Gravity defying asset prices assume that the real economy is irrelevant to financial markets and everything is a function of an endless supply of cheap credit from central banks. But economic activity drives profits and cash flow. Growth is now severely constrained by adverse demographics, stagnant growth, slowing productivity improvements and a massive debt overhang. Technological innovation may be illusory and not the magic answer to our problems. What would happen in a world without growth?

0.67 hours FASEA General
0.67 hours ASIC Generic Knowledge

03:30 pm

Conference Close

3:30 pm – 5:00 pm

Exhibition Hall, Hilton Sydney