Basis Points
Basis Points is a podcast for Australian financial advisers, produced by Equity Mates Media. It explores small improvements that compound into significant outcomes in the financial advisory field. The show aims to help advisers find incremental gains in their practice.
Episodes
Is value dead? One of Australia’s greatest investing veterans weighs in
The Hall of Fame fund manager and IML founder, Anton Tagliaferro, has seen enough cycles to know we’re nearing the top.He is convinced we are in a "speculative frenzy" of a bubble.In this episode, he provides his outlook on markets and where he’s seeing value.Chapters:00:00 Introduction01:22 AI Bubble or Déjà Vu?03:54 Why AI May Disappoint07:40 Is Value Investing Dead?10:17 How Anton Invests Perso
The insider's guide to private credit: Red flags, risk & the road ahead
Do you understand what you're investing in within private credit?Frank Danieli, Managing Director and Head of Global Credit Solutions at MA Financial explains why that is so important.From funds providing better disclosures, to advisers having a clearer understanding of what classifies as “private credit”- Danieli talks through the road ahead for the asset class.Plus, Ally asks for his take on whe
4 structural shifts driving markets over the next decade
What will be the biggest risks and opportunities in markets over the next decade?While nobody has a crystal ball, Capital Group’s Investment Director Matt Reynolds joins the show to discuss the four structural shifts he believes will have the biggest impact on the decade to come.Plus, he explains the biggest mistake advisers are making with “diversified” portfolios.Chapters:00:00 Introduction01:40
Dollar Cost Ravaging: Why retirement flips the rules of investing
What if the strategy that built your clients' wealth is the same one quietly destroying it in retirement?A new report from Milford; When Timing Becomes the Biggest Risk in Retirement, suggests that retirement fundamentally changes the maths of investing- including Dollar Cost Averaging.Ally sits down with Regan van Berlo, Australian Country Manager at Milford, to hear how the report affects the wa
Are you swimming with sharks? What advisers get wrong about private markets
The same portfolio mistakes keep showing up across adviser practices, and Jacqueline Fernley, Founder and OCIO of Arcpoint, has seen them all.When it comes to public markets, the mistakes look different but are just as costly. In this episode, we explore how you can avoid them.Plus how can advisers locate long term out-performers amongst the huge dispersion of performance in the asset class.Chapte
Morgan Stanley’s asset allocation playbook for the next 5 years
Welcome to 2026, where bonds no longer diversify stocks, volatility remains elevated and inflation isn't going anywhere.So how should advisers and their client portfolio’s respond?Morgan Stanley Wealth Management Australia Head of Investment Strategy and Solutions, Alexandre Ventelon, believes in this new market regime, advisers must brace for more volatility and “diversify their diversifiers”.Cap
Gerard Minack: 10 charts that expose what investors are getting wrong
These 10 charts will challenge your thinking on AI and economic growth.Acclaimed macro strategist and Australia’s “king of charts”, Gerard Minack from Minack Advisors joins Ally in the studio bringing his analysis of 10 different charts - each of which will reshape how you think about markets.From AI to global equities to the war in Iran, these charts will disrupt what you thought was the status q
The dirty secret behind ESG funds (and how the experts spot a fake)
Want to learn how to sniff out red flags and greenwashing from a mile away? Australian Ethical’s Chief Impact & Ethics Officer Alison George has spent 20 years crafting her nose for it.In this episode she shares her Green and Red flags for choosing ESG funds plus the questions advisers can ask to cut through the greenwashing spin.She also tackles why the ethical investment industry needs to co
J.P. Morgan warns: Overvalued USD, loose policy & real private credit risk
Is the 60/40 portfolio dead? What do Big Macs and Negronis have in common? Do bonds still diversify stocks?In this episode Andrew Norelli Managing Director at J.P. Morgan Asset Management, unpacks the macro forces driving markets and some of the "big bad risks" investors need to be aware of.Andrew was brutally honest about the world's economic future. Host Ally left this conversation reeling from
The 4-step playbook for investing in a world of surging debt
While the world fixates on geopolitical headlines, there is one risk today’s guest believes investors have become complacent about. One that isn’t making headlines.There are significant levels of debt in the financial system, whether that’s at the consumer level, corporate level, or within governments.Chad Padowitz, the Co-Chief Investment Officer at Talaria Capital, believes ballooning global deb
Lessons from David Swensen: Equity bias, alignment of interest & why boring is beautiful
Few Australians can say they were mentored by the late David Swensen - the legendary former Chief Investment Officer of the Yale Endowment Fund with one of the greatest long-term track records in history. Today’s guest is one of them.Anacacia Capital’s Jeremy Samuel, shares the lessons that shaped his approach across two decades of managing private and public markets.Chapters:00:00 Introduction01:
He interviewed 800 advisers around the world. Here's the one thing they all got wrong
Today’s guest interviewed 800 financial advisers across the world, over the past 2 years. They all described experiencing the same problem; 80% of their time is spent on admin, just 20% talking to clients.It’s an advice efficiency problem. One that our guest is endeavouring solve with AI. Shak Lala is the co-founder of Marloo, an AI powered tech platform built for financial advisers.In this episod
Ethics CPD with Dr Katherine Hunt
What if your ethics CPD this year actually made you a better advisor? Dr. Katherine Hunt, PhD-qualified financial planner and internationally recognised speaker on ethical growth, joins Basis Points to reveal how advisors can use client psychology and AI to scale trust, deepen relationships, and build a practice that compounds over generations.In this episode:00:00 AI Era Client Experience 00:30 E
War, rebounds & rate hikes: Why you shouldn’t go all-in on Equities
Markets shrugged off a US-Iran conflict and rallied, but should they have?Canaccord CIO David Cassidy breaks down why a lot of good news is already priced in before a deal has even been reached.In this episode:00:00 Market Setup And War Impact04:40 RBA Risks And Aussie Outlook08:05 Volatility Strategy And Corrections12:05 Fixed Income And Private Markets15:04 Rare Earths And ASX Opportunities20:25
What 17 years in the Navy taught this adviser about money
What can a Navy officer teach you about financial advice?Jason Petersen, Managing Partner at Five Financial, shares how military discipline shapes his approach to advice, leadership, and client relationships.He explains why his firm has gone all-in on a market beta investment strategy, arguing that consistent returns, tax efficiency, and low turnover matter more than chasing outperformance.Beyond
Evidentia’s Jo Cornwell: How to pick winning funds (and avoid blow-ups)
If you've ever wondered how the pros really pick fund managers, this episode is for you.This week, we’re joined by Jo Cornwell, the Head of Manager Research at $34.5 billion managed account provider Evidentia Group.Plus, we discuss the red flags advisers should look out for when backing funds.In this episode:00:00 SMA Boom Explained03:23 Assessing Fund Managers09:02 Local vs Offshore Debate11:58 C
How this adviser built a $600m business in less than a decade
$3.5 to $5 trillion is set to change hands in Australia by 2034.For advisers, this is a once-in-a-generation client acquisition opportunity.In this episode, Ally Selby sits down with Candice Bourke, Senior Investment Adviser at Shaw & Partners, who has built a $600 million advice business alongside Felicity Thomas. Candice how advisers can position themselves to capture intergenerational wealt
The woman deploying $15bn into Australia’s future: Quantum computing, space & defence
What does it take to deploy $15 billion into the industries that will define Australia's economic future? This week’s guest is uniquely placed to answer that.Mary Manning is the inaugural Chief Investment Officer of the Albanese government's National Reconstruction Fund. In this episode we discuss the seven key sectors identified as “engines of growth” for the Australian economy over the next 20 y
Why inheriting a fortune can tear a family apart - and how to stop it
In this episode, we're joined by Paul Burgon, the Managing Partner and CIO of Lipman Burgon & Partners, who ranked #4 in the 2025 Barron's Top Adviser List.Burgon argues the biggest concern facing his clients is the “third-generation curse” - and he may just have the cure advisers are looking for.In this episode:00:00 Introduction01:05 Paul’s Career Journey03:38 Growing to $3B AUM06:40 Trust a
Why institutions are quietly buying Bitcoin
For years, cryptocurrencies had been cast aside as the speculative Wild West of the investment world.But something has quietly shifted in the last two years.That’s according to Global X ETFs Investment Strategist Justin Lin, who argues that the asset class has moved away from its retail-driven origins to become an increasingly institutionalised asset class.While our host, Ally Selby, has long been
Kerr Neilson on oil shocks and why gold will hit $8,000
Kerr Neilson, the legendary contrarian investor behind Platinum, lays out a bold case for why the next decade may belong not to AI darlings.He argues markets are entering a period of profound disruption, pointing to geopolitical fragmentation, war in the Middle East, and fragile global oil supply as long-term threats- warning these forces are reshaping markets.Beyond the macro themes, he offers pr
Big Things Ahead: Ally Selby joins Basis Points
We have an exciting announcement- meet the new host of Basis Points; Ally Selby.It’s been one year of Basis Points, and what a year it’s been! We reflect on some of the highlights so far and usher in a new (and we think improved) era of the show.A new host, even bigger guests, weekly episodes and live events to look forward to.Links Mentioned:🎧 Listen to the Magunthan Siva episode here🎟️ Join us a
Christopher Joye sees the world differently: Bitcoin, Interest Rates, Green Bonds & AI Debt
Crypto. Rates. AI debt. Green bonds.In this episode, Chris Joye, CIO of Coolabah Capital, lays out a macro view that cuts against consensus.He calls Bitcoin “pure Ponzi”, makes the case for re dollarisation not de dollarisation, and warns AI driven CapEx could be understated as hyperscalers ramp up debt issuance.We also unpack Coolabah’s active bond trading model and the Global Carbon Leaders Fund
What a commodity supercycle would mean for Australia - Greg Cassidy | Milford
Commodity markets are back in focus.Gold has more than doubled in recent years. Lithium has flipped from surplus to deficit and iron ore continues to quietly underpin the Australian economy.So, is this the start of something bigger, like a commodity super-cycle?In this episode, we’re joined by Greg Cassidy, Senior Analyst at Milford, to unpack the forces driving the global resource rally and what
Why the US underperformed in 2025 - and why it will happen again - Cameron Gleeson
2025 saw global markets outside the US outperform and Betashares’ Cameron Gleeson believes that trend is far from over.We sat down with Cam, Senior Investment Strategist at Betashares, to unpack the macro and market forces that could see Europe, Japan, and emerging markets lead the charge in 2026.You’ll learn:Why the US may lag despite strong earnings growthEurope’s policy pivot and Japan’s inflat
The risk hiding in your client’s portfolio - Ben Preston | Orbis Investments
”Conventional wisdom will tell you that the lowest risk portfolio you can have is to have 70% of your assets in one country…that's a violation of common sense.”Ben Preston Portfolio Manager at Orbis Investments, warns that in markets dominated by a handful of mega-caps, portfolios that look diversified on the surface- may be carrying far more risk than advisors realise. We sat down with Ben t
Graduates, not gambles: How Australia’s best small caps ‘grow up’ - Jovana Gagic | Paradice
What if the most reliable out-performers in the Australian market aren’t the blue chips, but the companies graduating quietly through the mid-cap ranks?Advisors often focus on small-cap potential or large-cap stability. But Jovana Gagic, Portfolio Manager and Analyst at Paradise Investment Management believes Australia’s mid-caps are where earnings growth, diversification and structural tailwinds
Building an advice business for the millionaire next door - Jeff Thurecht & Marshall Brentnall
“No client wants to be scaled.”So how do you grow an advice business without making clients feel that they’re just a number? In this episode, we explore how Evalesco balances efficiency, scale, and deep personalisation to serve their “millionaire next door” client base.Ren sat down with Jeff Thurecht (CEO) and Marshall Brentnall (CIO) to hear how they scaled an advice business with a strong client
This $800bn market is just getting started - Anthony Ip | Milford
Australia's corporate bond market has quietly become the third largest in the world, and signs point towards more growth to come. With offshore giants tapping local liquidity and the AI infrastructure boom demanding trillions in new capital globally, Australia's fixed income market is no longer a niche corner of the capital market- it’s globally relevant.So what kind of opportunities ca
Private markets are an illusion - Tim Carleton | Auscap Asset Management
Today’s guest believes investors should rethink risk, and be wary of confusing calm waters with safety. In this episode, we speak to founder and CIO at Auscap Asset Management, Tim Carleton- and he does not hold back.He unpacks the flaws he sees in how private markets are valued, questions the sustainability of private credit and declares that three out of the four Big Banks in Australia have
The emerging markets blind spot: are you missing the next big opportunity? | Vern du Preez, Orbis Investments
Is the next decades biggest growth story hiding in plain sight?Bryce and Ren sit down with Vern du Preez, Investment Specialist at Orbis Investments, to explore the new face of emerging markets and why it’s time to challenge old assumptions.They discuss:•Where to find real opportunity as China cools.•Using the active edge in emerging markets. •How to capture Emerging market upside while limit
Building a modern advice practice - Owen Raszkiewicz
AI and digital media are reshaping financial advice. Advisors now need to offer transparency, harness technology, and engage with clients in new ways or risk losing out on a new generation of clients.In this episode, we speak with Owen Raszkiewicz, founder of the Rask Group, who is leveraging these shifts to build a practice that leans into the future of financial advice. It’s a practical look at
Generating outperformance in down markets - Hamish FitzSimons | AllianceBernstein
Beating the market doesn’t always mean chasing growth. Sometimes, it means means falling less when markets turn. Defensive equities aim to capture 80% of the upside, but only 50% of the downside- a profile designed to compound steadily and keep clients invested through volatility. Bryce and Ren speak with Hamish Fitzsimons, CIO of Australian Equities at AllianceBernstein, about how advisors can us
Educating clients on the opportunities in private assets - Jordan Ryan | Koda Capital
For the first time, Australia’s largest family offices now hold more in private markets than in public equities. It’s a shift that’s reshaping portfolio construction. So how can advisors respond? In this episode, Bryce is joined by Jordan Ryan, Private Wealth Advisor at Koda Capital, to discuss the role private assets should play in client portfolios and the realities of educating client
The $40b hole in Aussie portfolios & how to fill it - Helen Mason | Schroders
Investors are facing a hole in their portfolio. Bank hybrids have been a popular product for retail investors, with 40% of the $40 billion market taken up by everyday Australians. Now with APRA phasing out bank hybrids, advisers face a $16 billion hole to fill in client portfolios. In this episode, we ask Helen Mason, Portfolio Manager at Schroders, where advisors can look to fill it?&nb
Are we seeing a change at the top of the ASX? - William Curtayne | Milford
Banks, miners and franking credits. Australian investors summed up in five words.But as the first 6 months of 2025 come to an end, the top of the ASX during this time has been characterised by a struggling resources sector and a strong rotation into banks. Is this the start of a longer term shift? Or is it just a blip?In this episode, we're joined by Will Curtayne, Portfolio Manager of the Milford
Stop asking the wrong questions when choosing fund managers - Chris Cuffe | Third Link
What makes a good fund manager? That is one of the hardest questions to answer in finance. Today's guest is as well placed as any to help us work through it.Chris Cuffe AO is the founding director and portfolio manager of Third Link. Chris was formerly CEO of investment managers Colonial First State and Challenger Financial Services Group. He was also previously the Chairman of UniSuper.Basically,
Beating the benchmark for 20 years & counting - Ben Griffiths | Eley Griffiths Group
After more than 30 years experience in financial markets, Ben Griffiths, has learned a thing or two. As investing fads come and go, and different industries rise and fall, we wanted to unpack the lessons and techniques that have stood the test of time.Ben Griffiths, Managing Director at Eley Griffiths Group, is a well-known small cap investor in Australia. His flagship fund has averaged more than
Lessons from 50 years of stock market cycles - Simon Skinner | Orbis Investments
"In hindsight it will be clear that this was an opportunity"That is a quote from today's interview with Simon Skinner, Head of the Global Investment Team at Orbis Investments.Investors have notoriously short memories, always chasing the last bull market and learning lessons from recent history. In today's episode, Simon wants us to take a step back and look at the lessons from the longer arc of st
The India opportunity: 10x growth and what comes next - Mugunthan Siva | India Avenue
Today we're joined by Mugunthan Siva, Chief Investment Officer of India Avenue.India has become an increasingly popular market amongst Australian investors and advisers. And who could blame them? With the Nifty 50 index up almost 150% over the past 5 years, it has been a good place for investors to be.But after such a strong run of performance, it had us wondering: is the India story closer to its
Beating the market in a time of hyper-disruption - Alex Pollak | Loftus Peak
21% per year, after fees, since November 2016. Today's guest is a fund manager who can let his performance speak for itself.Alex Pollak, Chief Investment Officer at Loftus Peak, has built a reputation for investing on the cutting-edge of disruption. And no doubt, US tech has been a good place to invest over the past decade. But a lot of Australian fund managers have invested in that space, few hav
Tariffs, turmoil and resilient portfolios: A guide for advisers - Richard Quin | Bentham Asset Management
Recorded at the Morningstar Investor Conference, today we're joined by Richard Quin, CIO & Principal at Bentham Asset Management.With President Trump in the White House and Liberation Day tariffs front-of-mind, markets have never been noisier. The challenge for advisers is separating the signal from the noise and focusing on what will matter long term.Today's guest has been focused on separati
AI is changing advice forever - Kunal Kapoor | Morningstar
Recorded at the Morningstar Investor Conference, today we're joined by Kunal Kapoor, CEO of Morningstar Global.Australia always lags behind the US in technological adoption. So, with Kunal Kapoor out from Morningstar's global headquarters in Chicago, we wanted to hear how advisers in the US were adopting AI technology and what parts of an advice practice were seeing the most disruption. Suffice to
Alternative assets have killed the 60/40 portfolio - Felicity Walsh | Franklin Templeton
Recorded at the Morningstar Investor Conference, today we're joined by Felicity Walsh, Managing Director, Australia & New Zealand at Franklin Templeton.Private equity, private credit, real estate, infrastructure, cryptocurrency, gold. Alternative assets have never been more in demand. With minimum investments coming down and fund structures becoming more liquid, they've never more more accessi
Reading the bond market's warning signs - Jonathon Costello | Janus Henderson
Today we're joined by Jonathon Costello, Client Portfolio Manager, Australian Fixed Interest at Janus Henderson.Equity markets and bond markets are telling different stories. If we look at equity markets, the outlook looks strong as markets rebounded from the Liberation Day falls. However, take a look over at the bond market and yields keep creeping higher despite rate cuts as fixed income investo
Three small caps with big potential - Roland Houghton | Milford
Navigating the sea of opportunities in Australian small caps is always a challenge. While the Australian Small Ordinaries index has averaged 6% p.a. for the past 10 years, there have been some huge winners that have emerged from the sea of unprofitable companies, mining explorers and companies trying to figure it out.Today we are joined by Roland Houghton, Co-Portfolio Manager of the Milford Dynam
Why this fund manager is betting BIG on the UK - Stephen Arnold | Aoris
The majority of investors are underweight the UK. The country has struggled through a decade of slow economic growth as it manages the legacy of Brexit and the FTSE 100 is full of companies that are seen as "ex-growth" or "old economy".Which is why we were surprised to hear that Stephen Arnold of Aoris Investment Management is overweight the UK, with 5 of his 14 positions coming from this overlook
The caveman in your portfolio: Why behaviour sabotages returns - Alec Cutler | Orbis Investments
Investing is as much behavioural as it is academic. Some of the smartest investors and advisers have found themselves undone as they lose their mind in the noise of markets. Today's guest wants us to take a deep breath, recognise our cognitive biases and focus on the principles of good long-term investing.Today we're joined by Alec Cutler, Director at Orbis Investments and manager of the Orbis Glo
What to look for in an asset consultant - Angela Ashton | Evergreen
Asset consultants have been a huge rise in prominence alongside the rise of SMAs. One person who has been on the forefront of this movement has been Angela Ashton, cofounder of Evergreen Consultants.Today we're joined by Angela to unpack:Best practice for advice firms working with asset consultantsHow to find the right consultant for your businessAngela's bedrock rules of portfolio constructionA p
Macro outlook, where to for rates & why now for bonds - Rob Mead | PIMCO
Today we're joined by Rob Mead, Managing Director and co-Head of Asia-Pacific Portfolio Management at PIMCO.PIMCO is one of the world's largest investment managers, managing trillions of dollars in fixed-income securities for clients. So they are well placed to give us a sense of the economy and where that may lead markets and rates for the rest of 2025.Today we speak to Rob about:The state of the
Overweight Alibaba, underweight Nvidia: Playing the expectations game with Matt Wacher | Morningstar
Investing is an expectations game, and today’s guest wants to help you get the probabilities in your favourToday we're joined by Matt Wacher, Chief Investment Officer for Asia-Pacific at Morningstar.In our conversation, we cover:Why investing should be thought of as an expectations gameHow we can identify the expectations investors have for different companies and marketsWhy Matt likes finding the
Don't blow up your client's money with Charlie Viola | Viola Private Wealth
Basis Points has launched! And what a big episode to kick off with.Today we're joined by the founder of Viola Private Wealth and an adviser who often sits at the top of the list of Australia's best advisers: Charlie Viola.In a wide-ranging conversation, we speak to Charlie about:Going out on his own and launching Viola Private WealthHis foundational principles of portfolio constructionBest practic
We're entering a stock pickers market with Eric Marais | Orbis Investments
The past decade has been tough for stock pickers. Active managers have struggled to keep up with the index, particularly in the US, as Big Tech pushed ever-higher and a flood of money flowed into passive ETFs. Our guest today thinks that some of these trends are reversing.Today we're joined by Eric Marais, Investment Specialist at Orbis.We speak to Eric about:The case for reducing exposure to US B
What you're getting wrong about diversification with Adam Bajcarz | Apt Wealth
Everyone can talk-the-talk when it comes to diversification. But are our portfolios walking-the-walk? Today's guest doesn't think so.Today we're joined by Adam Bajcarz, Head of Portfolio Management at Apt Wealth.In this episode we focus on:Apt Wealth's investment philosophy and rules of portfolio constructionWhere Adam believes many advisers are getting diversification wrongHow the investment team
There's more to life than the Magnificent Seven with Alexander Whight | Milford
The global opportunity set for investors is massive. And yet, so much of our attention focuses on such a narrow section of one market. Today's guest wants us to break out of our bubble and explore the full global opportunity that we have before us.Today we're joined by Alexander Whight, Portfolio Manager and Head of Global Equities at Milford.We speak to Alexander about:Separating the signal from
Entering the golden age of financial advice with Andrew Hewison | Hewison Private Wealth
Are we entering a golden age of financial advice? This adviser certainly thinks so.Today we're joined by Andrew Hewison, the Managing Director of Hewison Private Wealth.In our conversation, we cover:The biggest changes in the advice landscape over the past 20 yearsWhy Hewison Private Wealth uses IMAs over SMAs and model portfoliosThe best uses of AI Andrew has seen across the advice industryThe op
Up 4x since 2019, where to next for ETFs with Emma Quinn and Oran D'Arcy | Cboe Australia
Today we're joined by two guests from Cboe Australia: Emma Quinn (President, Cboe Australia) and Oran D'Arcy (Head of Listings, APAC)We speak to Emma and Oran about:Cboe Australia's role in Australia's financial marketsThe rise of ETFs and where Australians are investingThe trends Cboe have witnessed overseas that they're seeing come to Australia.----------CPD Points: This episode has been accredi
Introducing: Basis Points by Equity Mates
We're excited to share our latest podcast: Basis Points by Equity Mates Hosted on Acast. See acast.com/privacy for more information.
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