Podcasts about finology

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Investors spend too much time trying to predict the future, using history as their guide. Instead, they should focus on what is actually happening in the world, and think differently about portfolio construction. Much of current economic and markets thinking is rooted in the post-Global Financial Crisis era. Practitioners need to let go of that history and instead embrace the fact that four trends – weak population growth, deglobalisation, the end of "free money", and the decoupling of asset prices from economies – are fundamentally changing the long-term outlook for markets. - Wayne Fitzgibbon, CAS Market Insights on Portfolio Construction Forum

The young are better able to navigate volatility, uncertainty, complexity and ambiguity, owing to their natural growth and learning mindset. In an environment where investors can do anything, just not everything, we can all benefit from adopting a youth mindset. Young people own their values, are passionate in their activism, use empathy to understand the world, and seek clarity and choices that allow them to be agile and adaptable. Practitioners can incorporate these lessons to successfully navigate a VUCA world, and build better quality multi-asset, multi-manager portfolios for their clients. - Tassos Stassopoulos, Trinetra Investment Management. Earn 0.25 CE/CPD hrs on Portfolio Construction Forum

Fiona Ker, Ruffer. Earn 0.25 CE/CPD hrs on Portfolio Construction Forum

...though not unconditionally. Behavioural scientists have long embraced the view that emotions are not only unnecessary but disruptive. Yet the nascent field of Neurofinance, which studies how the brain perceives and reacts to financial risks, suggests that emotion is central to rational decision-making, and investors attuned to their emotions can make better decisions during critical market events. At the same time, 'too much' emotion can lead to financial mistakes caused by panic and irrational exuberance. The challenge, therefore, is for investors to learn how to be attuned to their emotional brain without being overwhelmed by it. - Associate Professor Elise Payzan-Le Nestour, UNSW Business School. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

All relationships are built on trust, which requires integrity, competence and doing the right thing. But to earn justified trust from clients and deliver consistently good outcomes for them, year after year, requires practices and procedures that go beyond compliance obligations to globally recognised fiduciary standards of care.  - Aaron Drew, MyFiduciary. Earn 0.25 CE/CPD hrs on Portfolio Construction Forum

ESG is no longer enjoying its honeymoon. ESG strategies – whatever that means – have underperformed in 2022 and ESG investment is coming under increasing criticism from politicians, regulators, investors and even practitioners. Some of this criticism is valid but at the heart of the problem is uncertainty arising from the widespread use of an acronym with no – or rather many - common meanings. It is right to question ESG practices, but they have merit and will continue to be increasingly important to investors and by extension, the investments and wealth industry. The real problem is the ill-defined use of the acronym itself and we will all be better off if we stop using it. - Tom King, OAM, Nanuk Asset Management. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

Alternatives should be in every diversified portfolio. Private Equity delivers unmistakable benefits and growth potential, especially in uncertain markets. Unlisted assets, with their proven long-term performance, provide access to a bigger opportunity set that reflects active management in its truest form. Investment into private markets gives managers greater control and influence to transform underperforming businesses. Possibly also influenced by market uncertainty, many businesses are staying private for longer, opening great opportunity for investment managers to continue to diversify their multi asset portfolios with rich investments across many diverse industries. - Dan Farmer, Insignia Financial. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

In research undertaken in partnership with National Seniors Australia, Australian seniors told us that they were feeling the impact of inflation on their lifestyle in retirement. They were concerned about the cost of living and outliving their savings. They want regular income that increases with the cost of living and lasts a lifetime, with access to capital when required. I believe that a partial allocation of retirement savings to a contemporary lifetime income stream can help increase the certainty of delivering what clients want. Such an allocation can deliver more income and with increased certainty. And, contrary to common opinion, such an allocation can help clients preserve assets. - Andrew Lowe, Challenger. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

One of the main goals of investing is to provide for income in retirement – spending! A critical part of any retirement plan is a spending plan (which is not the same as a budget!), that sets out how much money can be safely spent each year, and how this amount may vary depending on changing circumstances and changing market returns. Ultimately, a good spending plan helps keep clients' investments on track. - Tim Farrelly, farrelly's Investment Strategy. Earn 0.25 CE/CPD hrs on Portfolio Construction Forum

As Australians approach retirement, there can often be a sense of trepidation about what lies ahead. And, for a significant proportion of Australians, retirement comes unexpectedly early which can be a cause of considerable angst. Our research shows that those who plan ahead and expect the unexpected retain a greater sense of control and have much less of an emotional roller coaster as they move through their retirement journey. We can help retirees build and retain their sense of control by keeping on building trust and educating them, modelling possible outcomes and demonstrating a planned approach – including providing a Plan B. - Richard Dinham, Fidelity International. Earn 0.25 CE/CPD hrs on Portfolio Construction Forum

The best investment opportunities exploit uncertainty. These are found by exploring setbacks and change. However, conventional investment training is number-centric, while I argue investing is all about people. Investors must understand companies and their customers and competitors, the motivations of other investors and, importantly, themselves. Empathy is key, yet industry convention emphasises modelling skills and cultivates auras of certainty. To better develop the skills required to analyse corporates, one can start with individuals as case studies and scale from there. If analysts can't do that, it's unlikely they can address more complex situations. - Douglas Isles, Platinum Asset Management. Earn 0.25 CE/CPD hrs on Portfolio Construction Forum

Constructing a retirement portfolio can be complex – how important is it to maximise the client's retirement income while managing the risks to the sustainability of their income and the need for flexibility as their circumstances change? The future is now and the ability to create certainty and confidence via easy access to new and innovative retirement solutions will be critical. I believe retirement strategies must adapt in line with markets and demographics trends and the additional risks that are relevant for investors in decumulation. Retirement income products of the future must be relevant to an ageing population that is living longer and who need certainty and confidence. - Mark Lapedus, Allianz Retire+. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

The energy transition represents the greatest economic opportunity since the industrial revolution from 1760 to 1840. Reliably capturing the potential of this opportunity and delivering tangible environmental impact will require investors to assume a posture shaped by three core beliefs: that their legacy ought to be a net-zero world, not just a net-zero portfolio; that they should seek economic leverage, rather than exposure, to the energy transition; and, that they should pursue value accretion in their portfolio rather than growth. - David Costello, Magellan Financial Group. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

Investors today have more knowledge than any prior generation, however there remains a chasm between knowing and doing. Our behavioural biases hold us back. Thanks to 50 years of research, we also know in theory how to control our biases. Yet still we fail. No matter how much economies, markets and technologies change, human biases and the difficulty overcoming them remain. Acknowledging we are all biased, because we are all human, is the first step to better decisions. Being mindful of uncertainty, over-confidence, incorrect beliefs, unchecked errors, and the personal risk we face when trying to differ from the crowd are just a few of many steps we can take on the path to more sustainable behavioural alpha. - Longwave Capital's David Wanis. Earn 0.25 CE/CPD hrs on Portfolio Construction Forum

It stands to reason that an investor who makes profitable (relative or absolute) decisions more than 50% of the time, and whose profitable decisions typically add more value than their unprofitable ones destroy, will outperform an investor who does not. Decision attribution analysis provides a crucial lens on equity manager skill, benefiting asset owners and fund buyers as they select and monitor managers. In addition, fund managers increasingly use such analysis to identify and overcome their own behavioural biases, producing better outcomes for investors. - Watch Essentia Analytics' Clare Flynn Levy and earn 0.50 CE/CPD hrs on Portfolio Construction Forum

As the world gets increasingly complex and uncertain, creating a sense of confidence in a sea of confusion is key to success. By taking three tools of persuasion – act, think big and symbols – and turning them on ourselves, we can create a sense of certainty, even when who knows what is just around the corner. - Watch Thinkerbell's Adam Ferrier and earn 0.50 CE/CPD hrs on Portfolio Construction Forum

After a lost decade, cyclical and structural headwinds are abating for emerging market equities, while profound secular changes are becoming tailwinds. But the path ahead will look very different to the past, as emerging markets undergo rapid social and structural transformation, accelerated by the Covid-19 pandemic. In times of complexity and ambiguity, investors should avoid the risk of betting on yesterday's winners. The real opportunity lies in taking a fresh approach to identifying, understanding and investing in upcoming trends that will shape emerging markets, some of which will even influence the developed world. - Watch Tassos Stassopoulos, Trinetra Investment Management and earn 0.50 CE/CPD hrs on Portfolio Construction Forum

In an AI world, semiconductors are the new oilEpisode Description = While ChatGPT has brought AI into the mainstream, this fourth generation of computing started accelerating years before. Global demand for greater computing power continues to escalate, presenting an exciting silver lining of possibilities and investment potential, where gigantic volumes of Cloud-based real time data are generated and manipulated from virtually unlimited connectivity, from traffic lights to fridges to ChatGPT responses. The brewing VUCA sandstorm of semiconductor demand will create a handful of investment champions and shape global politics for years to come. - Watch Munro Partners' Nick Griffin and earn 0.50 CE/CPD hrs on Portfolio Construction Forum

The pre-pandemic New Normal decade of subpar-but-stable economic growth, below-target inflation, subdued volatility, and juicy asset returns has faded in the rear view mirror. That environment introduced investors to TINA - there is no alternative. They were forced out the risk spectrum from government bonds, to corporate credit, to equities and beyond, while bonds' diversifying characteristics came into question But after facing difficulties on all fronts in 2022, investors should be rewarded with more opportunities ahead, even as the global economy confronts headwinds. With interest rates and bond yields having moved higher, every VUCA cloud has a silver lining! It's time to say goodbye to TINA because bonds are back. - Watch PIMCO's Daniel Ivascyn and earn 0.50 CE/CPD hrs on Portfolio Construction Forum

Disinflation has begun in the United States and will soon in Europe, but cutting inflation from 4% to 2% will be tougher than from 6% to 4%. Even after the near-term battle has been won, the probability of structurally higher inflation across developed economies has increased, and monetary policy responses are likely to diverge meaningfully. To navigate this transition's VUCA, investors will need to leverage the experience of past decades while also humbly contemplating an uncertain outlook. The winning investment playbook will no longer depend solely on macro factors and asset allocation but will also require fundamentally driven security selection to drive returns. Compared to any post-WWII period, this time really is different! - Listen to Lazard's Ronald Temple and earn 0.50 CE/CPD hrs on Portfolio Construction Forum

As more and more companies are choosing to remain private for longer, the Private Equity (PE) opportunity can no longer be ignored. In an increasingly VUCA world, PE remains a sustainable source of alpha, still able to access proprietary deals leveraging asymmetric information, at a time when public markets have become a technological and AI-driven arms race to rapidly process near perfect information availability. The opportunity cost of not being invested in PE is too high. Its inclusion as an alternative asset in portfolios is an out-of-date approach that does not consider secular trends in companies staying private and the unfolding democratisation of PE. - Watch MLC Asset Manaegment's David Chan and earn 0.50 CE/CPD hrs on Portfolio Construction Forum

 In the Great Panic of early 2020, normal life was replaced by a new society, managed by a medical/ruling elite that promised but failed to deliver virus mitigation. In Australia, rules that were sold to us as “for the greater good” in fact delivered horrific losses that will cripple us for a generation. Yet the upheavals of the past three years were powered by tensions that pre-date Covid-19, including declining living standards and rising pessimism. As economies continue to recover from the catastrophe of Covid-19 lockdowns, we must re-embrace the pursuit of progress, an idea that is central to science, freedom, and a thriving society. - Watch UNSW's Professor Gigi Foster and earn 0.25 CE/CPD hrs on Portfolio Construction Forum

Higher bond yields don't automatically translate to higher returns because yield is not free money, it is compensation for risk. Therefore, those constructing portfolios must understand the nuances of bond risk/return drivers and how bond market performance can be impacted by different macro scenarios. Forecasting the macro outlook is difficult at the best of times and perhaps near impossible in the current high VUCA environment. The silver lining is that fixed income offers lesser-known return sources that are independent of the macro outlook, which means opportunities abound for those willing to look beyond the conventional, dig into some of the complexity, and reorientate their portfolios accordingly. - Watch Gopi Karunakaran, Ardea Investment Management and earn 0.50 CE/CPD hrs on Portfolio Construction Forum

As the clouds of Volatility, Uncertainty, Complexity and Ambiguity continue to swirl, the silver lining is that we are on the road back to normal monetary policy settings, from abnormal, and a return to more rational asset prices. But we must be patient. - Jonathan Pain, The Pain Report. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum.

You can watch this conversation on YouTube.   We'll learn: How to become financially wise? Thumb rule for picking up the right asset class in investing. Biggest mistakes you are making in your financial decisions. How to start your personal finance journey? Why you should take financial influencer's advice with a pinch of a salt? Pranjal Kamra is a finance influencer and founder of Finology, a company dedicated to helping individuals and businesses make informed financial decisions. With a strong presence on social media and a reputation for breaking down complex financial concepts, Pranjal is a go-to source for financial advice and inspiration. He is also a sought-after speaker and thought leader in the finance industry, using his platform to educate and empower others to take control of their finances. Pranjal has over five Million audiences across the platforms. We have a telegram community for our listeners. Join here- https://theinspiringtalk.com/telegram   For brand collaborations and opportunities, send us an email at  hi@wyn.studio   Send me a voice message: https://theinspiringtalk.com/speak   Connect with Pranjal Kamra Instagram YouTube Website  Follow the Inspiring Talk on Facebook http://theinspiringtalk.com/facebook   Twitter http://theinspiringtalk.com/twitter Instagram http://theinspiringtalk.com/instagram

The regime has changed. We know diversified portfolios are robust in a disinflationary world, as that is the regime that has prevailed for the past few decades. The recent poor performance of global equities (-14%) and bonds (-10%) in the year to June 2022 has highlighted that some portfolios may not be so robust in an inflationary world. Identifying assets with real cash flows that are resilient to inflation can help restore balance in a diversified portfolio, should the inflation environment remain volatile. The key is being able to access these asset classes in an innovative and flexible manner to deliver a more consistent return profile to clients. The future is definitely not what it used to be. - Watch Al Clark, MLC Asset Management on Portfolio Construction Forum and earn 0.50 CE/CPD hrs

With rising global anxiety and shifting geopolitical, economic, environmental, and social bedrocks, portfolio construction requires precarious navigation in an ever-changing world. When doing nothing is not an option, how do you avoid curveballs coming at you from all directions? Without a straight path ahead, every investment or allocation needs to be viewed from the bottom up to understand its trendline and the wider dynamics. Only when we adapt our skillsets and reframe our perspectives can we understand why things are happening and capture upcoming opportunities.  - Watch Tassos Stassopoulos, Trinetra Investment Management on Portfolio Construction Forum and earn 0.50 CE/CPD hrs.  

Rich Pickings explores the investment beliefs and philosophies of prominent professional investors, to enable you to decide whether you agree or disagree with them, so you can better articulate your own investment philosophy. In this episode, I'm in conversation with Alex Lennard, investment director at Ruffer in London. Founded in 1994, and with offices in London, Edinburgh, Paris and Guernsey, Ruffer has more than £25 billion in assets under management. Alex sits on the senior asset allocation committee and co–manages two of the firm's flagship funds.- Graham Rich, on Portfolio Construction Forum

The theory of cognitive dissonance was proposed in the 1930s by psychologist Leon Festinger. His argument was that the human mind is only very rarely in a state of cognitive equilibrium because we are constantly exposed to beliefs, information, ideas, judgments - things he called our cognitions - that contradict our existing ones. This causes us psychological discomfort, which he labeled dissonance. It won't stop us in our tracks, but we don't like it. Like a headache or toothache, it's annoying and so we're motivated to try and get rid of it. Simplifying a great deal, there are essentially two ways to do that - elimination or the use of information. We can either reject the cause of the dissonance ("I don't believe it, it's fake news") or we are motivated to seek information that justifies our investment decision. Understanding how cognitive dissonance can bias our investment decision making, and recognising when our behaviour is being driven by it, is vital. - Herman Brodie, Prospecta. Earn 0.75 CE/CPD hrs on Portfolio Construction Forum https://portfolioconstructionforum.edu.au/article/4088/investors-are-blind-to-what-they-do-not-want-to-see

Mint's Shipra spoke to Prableen Bajpai, founder of FinFix and Analytics Private Limited to understand why FDs are not a good investment option during high inflation

The risk of recession is rising, with inflation pushing monetary policy tighter in today's late-cycle global landscape. But a rise in yields uncovers fresh opportunities across markets. The role of bonds in a portfolio can aid in pursuing investor goals or stabilising a portfolio to be more resilient when economic shocks hit markets - however, many investors would benefit from evaluating whether their bond holdings are meeting these goals. Investment-grade corporate bonds fulfil several of these roles and the case for replacing traditional sovereigns as a core allocation is strengthening with the income opportunity of this sub-asset class being the brightest it's been in years. - Watch Capital Group's Harry Phinney on Portfolio Construction Forum and earn 0.50 CE/CPD hrs 

Jacob Wagner CDMP | Co-founded the What is Finology? | Founder of Digital Marketing 4FP | BIO: Jake is the driving force behind getting Financial Planning 3.0 published and on bookshelves. Since Dick's passing, he has maintained the vision and drive to get the What is Finology project to be what it is today. He has a strong internal understanding of Dick Wagner's body of work. Jake has studied currency theory with his mentor, Bernard Lietaer. He worked for Ken Wilber and the Integral Institute (now Integral Life), enabling him to be an expert in the integral framework and Integral Finance. Jake is the founder of Digital Marketing 4FP, a marketing agency focusing on CFP® Professionals and RIAs. He has studied the art and craft of digital marketing with Digital Marketer, Billy Gene is Marketing, Lee Goff and numerous other digital marketing experts. Jake is passionate about helping our civilization have a better relationship with money and exchanging value. Highlights: Why you need to understand the newly emerging field of FinologyWhy tapping into our relationship with money can be a profound teacherWhy money as a force is singularly persuasiveHow Financial Planning 3.0 may save the worldHear about the skills for humanity in moneyUnderstand the study of money and how people exchange valueWhy Finology was created to address the personal nature of money's role in modern society Quotes: "Money is giving and receiving" Jake Wagner"How financial planning and financial planners shape culture and society?" Jake Wagner"It's amazing what comes up when we tap into our relationship with money" Jake Wagner"Economies are not machines and our money contains the elements of our souls. We must learn to talk about money with a new language" - Dick Wagner LINKS: What is Finology? CLICK HERE

Building on evidence from neuroscience and psychology, prolonged exposure to high volatility causes market participants to subsequently underestimate volatility (and vice versa), leading to predictability in stock returns. Distortions in the CBOE Volatility Index (VIX) are consistent with this finding, and investors can construct a trading strategy which exploits the effect. Applied to S&P 500 exchange-traded funds and VIX futures contracts, such a strategy significantly outperforms a buy-and-hold index portfolio, with higher annualised performance, lower volatility, and alphas exceeding 4%. - Elise Payzan-LeNestour and James Doran, UNSW. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

On this dual episode, we talk to Donna McKeown and learn the current interest rate environment as it relates to mortgages.  Donna's Phone: 781-775-7172 We then connect with Natalie Wagner Willis, who is a Finologist (money theorist), philosopher, money-wellness coach, and founder of Vital Financials. She is a “Certified Financial Recovery Counselor”, and helps people match their money lives with their authentic selves – through cash flow management. Natalie's Contact: Website: WhatIsFinology.org / VitalFinancials.com Email: natalie@whatisfinology.org Phone: 303-507-9250

Inflection points in inflation, interest rates and the large-scale monetary distortion of recent decades suggest the future will not repeat the same playbook as recent decades. Theoretical, mathematical and backward-looking approaches to portfolio construction risk exactly the same errors as those befalling central banks at present - errors which have significantly distorted economies. In reality, investment and economics incorporate significant elements of human behaviour and luck. Understanding the payoff profile of investments is crucial to portfolio construction with current market valuations looking remarkably distorted. - Martin Conlon, Schroders. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

Rich Pickings explores the investment beliefs and philosophies of prominent professional investors, to enable you to decide whether you agree or disagree with them, so you can better articulate your own investment philosophy. In this episode, I'm in conversation with Hari Balkrishna, portfolio manager at T. Rowe Price, in London. Founded in 1937, T. Rowe Price has more than US$1.6 trillion in assets under management and has operations in 16 countries, around the world. Hari is the portfolio manager for the firm's Global Impact Equity Strategy. - Graham Rich, Portfolio Construction Forum

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Natalie Wagner Willis fell naturally into Finology (the study of money and the human experience) through her background in Socio-Philosophy and decade of experience as a Money-Wellness Coach. She holds a strong conviction that money can and should be used to do great good, but believes that we need to evolve our relationships with money if that's going to happen. As a Money-Wellness Coach, Natalie specialized in cash-flow and developed two original theories to explore and support our relationships with the money coming in and out of our lives: Money Breath (including meditations) & The Money Energy Cycle. When Natalie's father, Richard Wagner, JD, CFP(R), created Finology to address our lack of awareness regarding our personal relationships with money, Natalie realized that her work was already finological in nature. She also realized that the development of Finology feels both inspiring and imparative. With this in mind, she joined the The What is Finology? Project and aims to transform the world via evolving our personal relationships with money. Click Here to Get your gift from Natalie Find Finance Babe Here Do you want to see the actual video interview? Then register to have full access.

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Rich Pickings explores the investment beliefs and philosophies of prominent professional investors, to enable you to decide whether you agree or disagree with them, so you can better articulate your own investment philosophy. In this episode, I'm in conversation with Andrew Clifford, co-founder, co-Chief Investment Officer and Chief Executive Officer of international equities manager, Platinum Asset Management. Founded in 1994, Platinum has more than A$20 billion in assets under management and Andrew co-manages the firm's flagship global and Asia equities strategies.- Graham Rich on Portfolio Construction Forum

The same mind-set that works so well when people are building their nest egg for retirement can damage their quality of life in retirement. Many retirees have a difficult time changing their mindset from a saver to a spender. Even people who want to "smooth" spending during their entire life cycle find it difficult to estimate their life-cycle wealth. Moreover, people find it difficult to resolve conflicts between wants for spending and wants for saving - and we reconcile conflicts between these wants using framing, mental accounting, and self-control rules. You help your clients accumulate responsibly - you can help your clients decumulate responsibly, too. - Meir Statman, Santa Clara University. Earn 0.75 CE/CPD hrs on Portfolio Construction Forum

Trust is the product of two judgements clients make about us - one is about our ability to make good things happen (competence), the other is about our motivation to make those things happen for them (benevolence). The latter also explains the bulk of their overall impression of us. So, we must never neglect demonstrations of benevolent intentions if we want to win and keep clients. And, while the signals that convey competence (e.g., certification, track record, experience) must be earned, those that convey benevolence (e.g., communication style and interpersonal skills) are within almost everyone's reach. This means that trust could, at least partly, be won without being earned. So is it ethical to try? - Herman Brodie. Earn 0.75 CE/CPD hrs on Portfolio Construction Forum

A recent independent research study looking into retirement from the perspectives of over 1,500 older Australians found that finances are at the fulcrum of their happiness and well-being. But it's complicated. There is a paradox in that while the absence of financial stress is a major driver of well-being, increasing wealth is not. And, the study found that financial advisers are the keystone to retirees' well-being: relieving retirees of their short-term stressors; providing retirees with a sense of control in their lives; providing confidence that they can deal with the unexpected; enabling retirees to nurture relationships; and, helping retirees live consistent with their values. - Jason Andriessen, MYMAVINS for Fidelity International. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum 

Australian cash rates will stay low until the mountain of home loan debt is repaid - and that will take decades. Low cash rates mean low bond rates. Low interest rates mean high asset prices, which means much lower returns lie ahead for all asset classes. Low future returns have many implications - not the least of which are finology-related. Should we warn our investor clients of what lies ahead? How do we keep them engaged? How do we keep them from chasing rainbows? Our communications strategy must be in tune with this new environment. - Tim Farrelly, farrelly's Investment Strategy. Earn 0.25 CE/CPD hrs on Portfolio Construction Forum

The finology domain has been the focus of considerable research and innovation in the past decade. Investigations into investor biases, beliefs, and behaviours - and the implications for investor portfolios and the adviser-client relationship - continue to evolve and yield important insights. Moreover, expectations related to "know your client" and "know yourself" have risen considerably in recent years, with many new possible skills, techniques, and strategies with which investment advisers can (or should) be proficient. The Forum created the Finology Benchmarking Indices (FBI) as a critical input into continuing professional and practice development. The FBI encourages reflection on your mastery of the finology domain and how well you are integrating finology concepts, techniques, and self-awareness, into your practice. It also provides meaningful points of comparison with peers. The FBI benchmark dataset as a whole, representing more than 450 investment advisers from Australia and New Zealand, offers an intriguing snapshot into finology proficiency and practice that may challenge your assumptions. Knowledge and proficiency in finology is essential to knowing yourself and your clients – and to developing ever better relationships with clients to help them achieve their goals. Finology benchmarking matters! - Rob Hamshar, Portfolio Construction Forum. Earn 0.75 CE/CPD hrs on Portfolio Construction Forum 

People love money, and all the things it can do for them and their loved ones. Money is sexy, liberating, and fun. However, the financial services industry has disconnected people from their money. They've done the impossible and made it boring, opaque and difficult to understand. If we better understand the psychology of money, we can better help our clients. - Adam Ferrier, Thinkerbell. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

Many assume there are two kinds of business decision makers - those who are ethical and those who are not. However, most of us are both. Recognising when a business decision has an ethical component, understanding how decision-making biases can lead to ethical pitfalls, as well as when your decisions are not aligned with your own values, enables principled business decision-making and human interaction. - Dafna Eylon. Earn 1.00 CE/CPD hrs on Portfolio Construction Forum

As investors themselves, advisers can suffer from the very biases they attempt to combat within their clients. However, these traditional behavioural finance biases manifest in ways unique to advisers. By failing to account for those biases in the design and implementation of investment solutions, advisers risk the delivery of optimal client outcomes and deepening relationships.- Jason Komadina, MLC Asset Management. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

Managing risk and preserving capital are too important to be left to the trading strategies used for many financial products. From the first approach through to final approval, private debt requires a lender to have strong relationships with borrowers, a deep understanding of their businesses, informed risk assessments, and legally binding contracts with terms and conditions that protect investor capital and generate income. These same mechanisms help the borrower and lender weather storms to their mutual advantage. Few of these steps are present in public market trading strategies, leaving investors exposed at a time when quantitative easing has inflated the price and risk of other asset classes. Private debt prices in this risk and allows you to offer investors the capital protection they deserve. - Andrew Lockhart, Metrics Credit Partners. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

Clients and investors are concerned about investing in assets like utilities with exposure to carbon emissions due to climate change concerns, and fears over asset stranding risks. However, regulated electric utilities – even those burning coal and gas today to keep the lights on – are well positioned to navigate this. Despite concerns, these high-quality businesses should not only face very little asset stranding risk over coming decade but will be a significant beneficiary in a greener world. - Ben McVicar, Magellan Asset Management. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

Regulation states that fund managers must not mislead clients. However, subtle nuances around word choice, connotations and links to performance can distort framing. While prescribed scales exist for risk, analysis shows inconsistent application. Gradable adjectives (e.g. strong) can be subjective. Examples like the Beaufort Wind Scale assign words to speeds. Analysis of market data shows the distribution of outcomes. The "Isles Scale" maps asset class returns to pre-defined words for given time periods for the purpose of investment communication. Prescribing universal implementation of this approach would remove a dangerous loophole in the regulation. - Douglas Isles, Platinum Asset Management. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

There are strong behavioural biases that attract investors to complex strategies. We know that outperforming the market is hard, so it makes sense that it takes a complex approach to do so. It's difficult to separate skill from luck, so complexity serves as a mental shortcut to help identify competence. Complex approaches to investing include thematic investing, market timing and hedge funds, all of which carry an air of sophistication. However, introducing complexity will, on average, diminish the odds of success and detract from returns. To make better financial decisions, eschew complexity and embrace simplicity. - Stephen Arnold, Aoris Investment Management. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

Under our current defined contribution system, the retiree bears all the risks - longevity risk, inflation risk and investment/sequencing risk. Empirical evidence shows that retirees have a bias against drawing down on capital, and this preservation of capital is likely explained by the need to insure against these risks. A high equity income strategy tailored for retirees is a core solution for providing better retirement outcomes, maximising income while leaving capital intact. - Don Hamson, Plato Investment Management. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

Heuristics such as availability bias, herd instincts and extrapolation that get in the way of making the right decision at the right time are the most prevalent at the extremes. When markets are exuberant it is difficult to see - let alone act - against the hubris. When markets are down in the dumps, it is difficult to see past the misery. An example is Covid. Initially, it was a common cold (complacency), then it became a never-ending lockdown and recession (doom and gloom). Now, there is optimism after the stimulus fuelled recovery. Managing these heuristics is even more important when investing in emerging markets, where so many of our impressions of what is happening on the ground are coloured by opinions of different media outlets with their own respective filters. So why is it so hard to manage our behaviour biases? It may be because heuristics are so genetically programmed into us as humans that none of us can quite pull ourselves free from the gravity. In the age of rising geopolitical tension, fake news and social media silos that reinforce our base instincts at every turn, this can move us away from the true north. How do we centre ourselves in reality? A reductive macro-economic framework may be the answer, helping centre our qualitative assessment and decision-making using high "signal-to-noise" ratio data that tell us what is really happening in economies and market sentiment. - Joseph Lai, Ox Capital Management. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

It is possible to generate both financial returns and positive environmental and social impact from fixed income portfolios. Positive selection creates a broader universe of sustainable companies, and therefore a greater opportunity set than negative or exclusionary policies. The in-depth analysis involved in a positive selection approach provides confidence in the sustainable practices of these business – and companies with sustainable business practices are likely to be better credits in the long term, providing a degree of downside protection. As a result, positive selection delivers more sustainable risk-adjusted returns than a stand-alone exclusionary approach. - Stephen Fitzgerald, AO, Affirmative Investment Management. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

Infrastructure has a key role to play in the world's move towards decarbonisation and goal to reach net-zero emission targets by 2050. Government policy support and the unprecedented amount of capital required to achieve these targets should change how you think about investing in infrastructure assets. Global listed infrastructure is a means for investors to access this accelerating investment trend, through high-quality and geographically diverse liquid assets, but an active approach is critical to building out infrastructure investment opportunities. This multi-decade initiative is happening today. Now is the time to ensure portfolios are exposed to the net-zero investment opportunity infrastructure offers. - Nick Langley, ClearBridge Investments. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

Building quality investment portfolios is not simple, yet portfolios are simply a means to an end – achieving client goals. Practitioner education, however, focuses heavily on developing technical investment skills, often to the detriment of time learning the knowledge and skills that enable better engagement and understanding of the most important aspect of any portfolio – the client! Finology is the unique mix of behavioural finance ("fin") and investor psychology ("ology") as it relates to understanding the investor mindset and giving investment advice. It focuses on identifying our own and our clients' investing biases, beliefs and behaviours and the investment implications, as a means to a better end for clients. - Rob Hamshar, Paul Moran, Pauline Ramsay. Earn 1.00 CE/CPD hrs on Portfolio Construction Forum

Australia faces significant challenges ahead - including navigating the health and economic impacts of Covid, responding to emerging issues around the future of work and new technologies, preparing for an increasingly risky geo-political environment, and addressing longstanding challenges such as climate change and reconciliation with Indigenous Australians. Addressing these requires leadership of a quality that enables society to cohere in the face of pressures that would otherwise create divisions. Trust will be at a premium - in turn, this will depend on the quality of ethical decision making by individuals, groups and organisations. A more ethical Australia would achieve an economic improvement about half as big as the nation's economic reform priority list outlined by the Productivity Commission in 2017 (which would lift the economy by some $80 billion over time). But improving ethics cannot be achieved with a single initiative; it requires improvements in five key areas. With the individual, business and economic benefits on offer from a more ethical Australia, the business case for change is a sound one. In the face of the challenges ahead for Australia, strengthening ethics is simply a must for a better future. - Deen Sanders, OAM, and John O'Mahony. Earn 1.00 CE/CPD hrs on Portfolio Construction Forum

Get the live and latest updates of NIFTY PSU BANK with live chart, financials, share price, fundamentals and NSE updates on Ticker by Finology.

Finology started in 2017 by absorbing and reinventing Loanstreet. A year after, they activated instant home loan approvals for the real estate industry through Loanplus and in 2019, they became the first in Malaysia to allow for online renewals of motorcycle insurance and road tax. Fresh off their win at the Seedstars World Competition, we speak with co-founders Robin Ang and Jared Lim about their next move. Image Credit: finology | finology.com.my

Finology started in 2017 by absorbing and reinventing Loanstreet. A year after, they activated instant home loan approvals for the real estate industry through Loanplus and in 2019, they became the first in Malaysia to allow for online renewals of motorcycle insurance and road tax. Fresh off their win at the Seedstars World Competition, we speak with co-founders Robin Ang and Jared Lim about their next move. Image Credit: finology | finology.com.my

In the 1990s and 2000s, investors were largely able to ignore the "macro" picture, as geopolitical stability and benign inflation provided a supportive backdrop for portfolio returns. Even the Global Financial Crisis failed to end the party, as policymakers stepped in to cushion the blow. But in recent years, macro forces have reawakened. The world has returned to a heightened state of tension between two economic and military superpowers, technology is disrupting business and society at an ever-increasing pace, and “big government” is back, committed to creating a more secure, green and inclusive economic system, ending the Covid-19 pandemic, and unwinding the extraordinary global stimulus response to Covid-19 to allay inflation fears. Macro matters more than ever for portfolios to succeed in meeting client goals in the years ahead. - Pippa Malmgren, Alva Devoy, Magatte Wade, and Ruth Richardson. Earn 1.00 CE/CPD hrs on Portfolio Construction Forum

Self-awareness has been hailed as one of the most important meta-skills of the 21st century. One's insight into personal strengths and weaknesses, beliefs, values, emotions, and their impact on others is associated with greater success and fulfillment in many life areas. In an investment advice context, both advisers and clients benefit from putting a spotlight on self-awareness and engaging in activities that promote its development. Advisers with greater self-awareness likely have greater listening and empathy skills, a more sophisticated "theory of mind" and exhibit less bias in how they interpret new information. Clients with greater self-awareness likely have a clearer understanding of their values, preferences, and behavioural patterns (and potential risk factors). Self-awareness is a blend of skill and will, and it can be surprisingly hard to develop in oneself or facilitate in others, as it is often undermined by our biases and habits. Yet new data from the Finology Benchmarking Indices (FBI) suggests that advisers vary significantly in how much effort they put into promoting self-awareness. - Rob Hamshar, Portfolio Construction Forum. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

Finology Sdn Bhd is an MTDC ecosystem company that designs, develops, and delivers financial technology services. Ibrahim Sani speaks with it's co-founder, Jared Lim, on how the future of digital banking is going to shape up.

In every face-to-face information-gathering situation, we have the opportunity to manipulate others' thoughts, beliefs and judgements to suit our ends - as does the person or people we are meeting! Many funds management professionals are typically quite skilled at manipulation, so those researching their investment funds need to protect themselves against manipulation as they conduct their due diligence. In the manipulation stakes, the old adage ‘forewarned is forearmed' is hopelessly inadequate. Manipulation operates through system #1, the passive, involuntary, automatic part of the brain, i.e., at a subconscious level. Because we cannot turn system #1 off, it is always accessible to manipulators. It is like an open ‘portal' to our neural network, through which hackers can enter to infect our thoughts and beliefs with their intentions. However, knowing the behavioural science behind some of the investment world's most common manipulation technique s, you can use them on yourself to prevent others from using them on you. - Herman Brodie, Prospecta. Earn 1.00 CE/CPD hrs on Portfolio Construction Forum

Emotions generated in the media by way of the words used in turn influence investors decisions, providing the foundation for a highly profitable investment process. - Professor Ron Bird on Portfolio Construction Forum

Jared Lim, the co-founder of Finology, spoke to Wani Baumgartner, guest co-host and Finance and Life Sciences recruiter, and Rudolf Falat, founder of the Voice of FinTech podcast, about making access to financial products instant and effortless.Here is what they covered: Jared's backstory and serial entrepreneurship journey in Malaysia Finology: how does it work? Problem definition. What is Finology's unique advantage? How are they different from other digital brokers in Asia? Business model Target customers The journey so far and milestones ahead  Lessons learned for potential entrepreneurs thinking of starting their own business Finology is the Seedstars World Competition 2020/21 winner! What does this award mean to Finology? Favorite business book: Built to last by Jim Collins Best way to reach out If you enjoyed this episode, don't forget to subscribe and please leave a review.

Finology adalah perkhidmatan kewangan yang dinobatkan Pemenang Global Seedstar World Competition 2020/21.  Bagaimana Jared Lim dan pasukkannya bina Finoogy dan tempohi tempoh pandemik ini?  Apakah rahsia kejayaan mereka untuk memudahkan akses kepada perkhidmatan kewangan?

Are you someone who wants to start his own business? Do you want to know how to start a business with no money or how to start a business in college? Many also think that they can earn money online or earn money from home if they start a business. But is this approach right? Is starting a business with no money possible? Pranjal was a below average student and looking for ways to make his business dream into a reality when a simple idea possessed him. Pranjal started his company Finology. Finology is the ultimate one-stop solution to all your financial dilemmas. Be it stocks, mutual funds, insurance, or Gold, we are here to give you ethical, honest and unbiased advice in helping to realize your financial goals.Tune into this Josh Talks Podcast, if you are an aspiring entrepreneur, want to know how to start a business or a startup with no money or just looking for some life-changing motivation! 

For the first time since the Cuban Missile Crisis in 1962, the world has fallen into a synchronised anxiety. But this time, the interconnectivity of information provided an even greater challenge. Finology teaches us to understand our biases, beliefs and behaviours in a way that helps us make sense of the markets, ourselves and our clients. During the Covid-19 crisis, anxiety about the virus and its impact took centre stage, creating new biases and driving behavioural changes among both consumers and investors. We have seen the birth of new habits and rituals, albeit not all of which will endure beyond the pandemic. Understanding what has really changed in people's values and the influence of their emotions will prepare us for the increasingly polarised economic, geopolitical, social and environmental new world order. - Tassos Stassopoulos & Jonathan Shapiro. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

Rich Pickings explores the investment philosophy of senior, world-leading global investors. In this Rich Pickings, I sit down with London-based Keith Lloyd, CEO and Deputy CIO of global bond manager, Colchester Global Investors. - Graham Rich on Portfolio Construction Forum

The future is, by definition, uncertain – as is the nature of financial markets. This, along with the current Australian financial services environment, powerful secular and structural trends, and clients' often conflicting goals, combine to create a high degree of ambiguity and complexity (often causing fear and stress) for practitioners and advocates as they strive to build quality investment portfolios. To cope and prosper in such an environment, we need to be emotionally agile, in order to align our values and actions and, in turn, help investors achieve their distant future financial goals. - Susan David, Harvard Medical School. Earn 0.75 CE/CPD hrs on Portfolio Construction Forum

The first generation of behavioural finance described people as "irrational", fooled into cognitive and emotional errors that diminish wealth. The second generation of behavioural finance describes people as "normal" - we use shortcuts and sometimes commit errors on the way to satisfying our wants. - Meir Statman, Santa Clara University. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

Finology is the interesting and unique mix of behavioural finance ("fin") and investor psychology ("ology") as it relates to giving investment advice to individual investors. - Graham Rich. Earn 0.25 CE/CPD hrs on Portfolio Construction Forum

Classical economists often incorporated human behaviour into their thinking. But in the 1960s and 1970s, homo economicus - the great rational agent of economic theory - was born. It was not until the 1990s that the link between human behaviour and economics began to be re-established. - Herman Brodie, Prospecta. Earn 0.25 CE/CPD hrs on Portfolio Construction Forum

In the industrial revolution, workers moved from farms to factories to receive wages for their labours… at least, as long as they were physically able. Eventually, though, all factory equipment must be ‘retired' from use when it is too old to function properly - from machinery, to the workers themselves. In turn, retirement savings were born of the concept that workers needed a way to provide for themselves when their bodies were no longer physically capable of factory work. However, with the shift from factories to knowledge work, the reality is that not only can work continue as long as the mind is able – no longer dependent in the same way on the body – but as it turns out, ‘retiring' and withdrawing from productive life actually conflicts with our own natural drivers of well-being, including purpose, community, and social connections. Ultimately, then, the real key to ‘retirement' is not actually to retire, but simply to reach the point of ‘financial independence' where how you spend your time is no longer reliant on the income it can generate. Whether you choose to still do work that generates a productive income is up to you – and, in fact, recognising that human well-being typically involves contributing to society in a way that is productive, and often income-producing, “financial independence” may actually be within closer reach than “retirement” ever was anyway. The concept of ‘retirement' is an obsolescent by-product of the industrial era that needs to be retired. - Michael Kitces. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

Practitioners are often reluctant to adopt new solutions because of high risk. "If it has never been done, how do you know it works?".  But failure to try new approaches can mean missed opportunities.  - Maroš Servátka, Macquarie University on Portfolio Construction Forum