Session 1 - Risk and return from the bottom up
Investing involves taking risks—but not blindly. In financial markets, prices move daily, and higher prices both increase risk and raise the bar for further returns. In the real world, some risks are costly to protect against, and some offer little compensation for sticking your neck out. But others are underappreciated, providing opportunities to generate attractive returns and mitigate risk at the same time. As we look at the world, we see a few risks that offer both pitfalls and potential returns for investors: the energy transition, deglobalisation, chip scarcity, and ongoing government deficits. Against a backdrop of high stockmarket valuations and high apparent faith in central banks, these risks point to a cautious outlook for broad markets, particularly if inflation proves sticky. But for a bottom-up investor, these same risks offer attractive pockets of opportunity.
Learning objectives:
- Understand how the semiconductor ecosystem works and why energy is an important consideration for chip manufacturers
- Explain how the energy system works and which companies are likely to benefit from the energy transition
- What impact government deficits have on opportunities within stock and bond markets
- Understand how inflation affects multi-asset portfolios and inflation-resilient assets
Speakers
Rob Perrone - Cornwall, South Wales, Bracknell, East Sussex & Aberdeen
Investment Counsellor, Orbis Investments
Rob joined Orbis in 2011. He is a member of Orbis’ team of investment counsellors, with primary responsibility for covering the Global Balanced Strategy. Rob has a Bachelor of Arts and a Master of Arts from Carnegie Mellon University, and is a CFA charterholder.
Nicola Dormehl - Blackburn, Loughborough & Belfast
Investment Counsellor, Orbis Investments
Nicola joined Orbis in 2015, having spent three years as a business analyst at Orbis’ sister company, Allan Gray Proprietary Limited. She is a member of Orbis’ team of investment counsellors and a specialist on the Orbis Global Balanced and Global Cautious strategies. She has a Bachelor of Commerce in Economics (Cum Laude) and a Bachelor of Commerce (Honours) in Financial Economics and Investment Management (Cum Laude) from University of the Free State.
Session 2 - It’s cat for lunch - Cornwall & South Wales
Ben from the lang cat will be giving an update on the latest adviser trends in the market, with a focus on retirement products and investment construction, as well as the current (and future) state of the platform nation.
Learning objectives:
- Consider how advisers are constructing their own retirement advice propositions
- Look at how advisers may be open to using new product types when making recommendations
- Review what’s happened in the platform industry in 2023 and look ahead to 2024
Speaker
Ben Hammond
Managing Director of Insight and Consultancy, the lang cat
Ben joined the lang cat as Managing director of insight and consulting in September 2023, despite owning only a dog. Prior to hopping into the basket, he worked as an industry consultant for almost a decade and has been involved in financial services for more than two of them. His passion (if that’s the right word) has been platforms and technology since his time at M&G Wealth, née Ascentric, and Cofunds, where he worked hard to develop new and innovative products and solutions. Ben is a regular contributor to the press, judges a few different awards (and can often be found at the associated ceremonies) and is always up for a coffee and a chat; however, his music choices are sometimes frowned upon and so he often finds himself banned from accessing the office Sonos.
Session 2 - The Art of Multi Manager and Multi-Asset allocation - Bracknell, East Sussex, Blackburn, Loughborough, Belfast & Aberdeen
An increasing number of Advisers have started using Multi-Asset products over the past five years. This makes sense, given time constraints and the challenging nature of identifying and monitoring single strategy funds against an ever-changing market backdrop. However, using a Multi-Asset approach does not mean that the investment journey is completely subcontracted to a fund manager: Advisors need to be aware of what aspects to look out for and how to reduce risks to their business and Clients in achieving their goals.
Learning objectives:
- How to approach panel allocations and managers
- The importance of investing styles
- What kinds of assets feature in a Multi-Asset portfolio?
- Unintended consequences
- Monitoring and reviewing
Speaker
Ian Furtado
Consultant, The Adviser Centre
Ian has worked closely with The Adviser Centre team since 2018. He began his investment career at Barings and subsequently spent over 25 years working in the asset management industry in senior sales and marketing roles. Ian has also been involved in the management of institutional portfolios and is qualified to manage and advise on private client portfolios. He holds the Investment Management Certificate, is qualified through the CII as a Financial Adviser and presently operates as a management consultant to advisory firms in the UK.
REGISTER HERE
To register for a working lunch select the location you would like to attend below and enter your details.
8th October, Lanhydrock Hotel and Golf club, Cornwall
9th October, Miskin Manor Hotel, South Wales
15th October, Coppid Beech Hotel, Bracknell
16th October, Buxted Park, East Sussex
5th November, Stanley House Hotel & Spa, Blackburn
6th November, Longcliffe Golf Club, Loughborough
12th November, Fitzwilliam Hotel, Belfast
14th November, The Marcliffe, Aberdeen
Please contact aaron.nursimooloo@incisivemedia.com if you have any queries.