Ben Walsh

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Articles

Deficiencies of risk quantification in the financial advice process in Australia

Jun 20, 2024 | fsadvice.com.au | Ben Walsh

BY | FRIDAY, 21 JUN 2024 8:01AMRisk quantification is an extremely important part of providing financial advice in Australia. It helps financial advisers evaluate and understand the amount of risk a client is comfortable with, and then suggest suitable investment strategies. Although this process is crucial, certain flaws exist and can result in unreliable risk assessments and less-than-ideal investment choices.
Solving the advice gap challenge

Apr 11, 2024 | fsadvice.com.au | Ben Walsh

BY | FRIDAY, 12 APR 2024 8:00AMIn today's evolving technology landscape, there is rapidly growing interest in leveraging digital solutions to address the various challenges, particularly in relation to financial advice. However, it is essential to approach these solutions with a clear understanding of the underlying issues and a commitment to practicality and effectiveness. The financial advice industry in Australia has been grappling with the "advice gap" challenge.
The Saudis Own Golf Now

Jun 6, 2023 | thecloser.fm | Ben Walsh

On Sunday, Saudi Arabia announced a unilateral cut in oil production, intended to pressure global petroleum prices higher and boost their oil revenues. On Tuesday, the Kingdom announced it was spending a tiny sliver of that income. The Saudi-funded golf tour, LIV, is merging with the PGA and as part of the deal the Saudi Public Investment Fund (PIF) is going to invest billions into the newly combined entity.
Indexation and contributions opportunities now and from 1 July

Apr 17, 2023 | professionalplanner.com.au | Jenneke Mills |Ben Walsh |David Bell |Simon Hoyle

While contribution caps are not expected to increase for the 2023/24 financial year, the ATO has confirmed the general transfer balance cap (TBC) will be indexed from 1 July 2023. This may provide some important contribution and advice opportunities for clients with large super balances. Back in 2017 when the super system ended up with more acronyms than you could poke a stick at, the concept of total super balance (TSB) was introduced.
ETF growth demands better market structure

Apr 13, 2023 | professionalplanner.com.au | Ben Walsh |Simon Hoyle |Paul Moran |Robert MC Brown

A recent report by PwC outlines the growth trajectory of the ETF market and the areas of focus for asset managers, including active ETFs, thematic ETFs, and ESG ETFs.The report also acknowledges hurdles confronting the growth of the industry. The views expressed are based on the opinions of more than 70 ETF executives from all major markets in the world.
Silicon Valley Discovers Treasuries

Apr 4, 2023 | thecloser.fm | Ben Walsh

The regional banking crisis of the past few weeks – created by appalling risk management by bank executives and corporate mega-depositors alike, and seemingly sparked by VCs and founders freaking out in group chats – might have least one true winner. Zamp Finance, a company that wants to help startups invest excess cash in the super-safe U.S. Treasury market via BNY Mellon Pershing, raised a $21.7 million seed round last year, its founder said this week.
"The General History of Putting Fake S**t in Warehouses"

Mar 24, 2023 | thecloser.fm | Ben Walsh

JP Morgan Chase thought it owned 54 metric tonnes of nickel, sitting in bags in a warehouse in Rotterdam. Instead, it turns out that the bags contained nothing more than shiny rocks. JP Morgan Chase thought it owned 54 metric tonnes of nickel, the most highly valued base metal. The bank had reason to believe this nickel was stored in bags at a warehouse in Rotterdam. It turns out these bags are, instead, full of stones.
Adam Neumann's Flow State

Feb 10, 2023 | thecloser.fm | Ben Walsh |Bradley Hope

WeWork’s ex-CEO, Adam Neumann, is back with a new startup. It's called Flow. And his explanation – or attempted explanation – of what precisely the company does has been all over Twitter the past couple of days. As you probably remember, Neumann was the co-founder and CEO of WeWork as the office leasing company burned through billions of dollars on its way to a $47 billion valuation before its attempted IPO blew up and Neumann was forced out in 2019.
‘Better year for investors’: Market to move past disastrous 2022

Feb 2, 2023 | professionalplanner.com.au | Callum Jones |Chris Dastoor |Sharon Klyne |Ben Walsh

After a disastrous 2022, the new year will be better for investors, predicts J.P. Morgan executive director Kerry Craig. In a media briefing on Thursday, Craig said last year was a disaster for investors due to several reasons, including inflation and attempts by the Federal Reserve to bring down spiralling consumer prices with interest rate hikes. Craig explained that cooling inflation, a peak in policy rates, and better valuations will help improve asset returns this year.