1. 2019 Finology Summit - overview & registration

    Finology Summit is THE behavioural finance ("fin") and investment psychology ("ology") program of the year. It will help you better understand how your own and other people's different beliefs, biases and behaviours around investing impact investment markets - and influence your own portfolio construction philosophy and practices - to help you build better quality investor portfolios.

    23-11-18 | More
  2. About Finology Summit

    Finology Summit is THE behavioural finance (and much, much more) program of the year. It will further improve the way you relate with individual investors - and/or help others who must do so.

    22-11-18 | More
  3. When clients need more risk - adjust portfolios or goals?

    Where portfolios are invested to achieve goals, the first step in the process should be to align the investor's goals - not the portfolio - to their risk tolerance. Implementation is then straightforward.

    Michael Kitces | 01-11-18 | 1 comment | More
  4. Are financial crises unpreventable?

    Banking and finance are an extreme case of governance and policy failures, where the abuse of power and lack of trust in institutions undermine capitalism and democracy.

    Anat Admati | 29-10-18 | 1 comment | More
  5. Research Review: Asset management, overconfidence and market discipline

    Two recent research papers on investment management look firstly at the implications of overconfident managers and, secondly, at career risk associated with poor investment performance.

    Ron Bird | 17-10-18 | 1.00 CE | More
  6. Building future-proof portfolios requires emotional agility

    The future is, by definition, uncertain, as are financial markets. To 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 financial goals.

    Susan David | 24-08-18 | 0.75 CE | More
  7. Why we get it wrong - culture not companies dictate trends

    Investors need to entirely rethink their processes, assumptions and research approach, to focus on the cultures of consumers in different markets. Only by thinking like new brands themselves, can investors identify and invest in the next powerful emerging trend.

    Tassos Stassopoulos | 24-08-18 | 0.50 CE | More
  8. Future-proof portfolios? Key takeouts

    Investment portfolio construction is, by definition, an exercise in long-term thinking. Given the uncertainties and competing priorities, are future-proof portfolios achievable? Practitioners share their views.

    Panel | 22-08-18 | More
  9. Why do older Australians save?

    A recent study gives us a better understanding into the decisions made by older Australians between consumption and saving.

    David Knox | 24-07-18 | More
  10. Research Review: Biases in recommendations

    Two recent academic papers focus on how advice provided to investors might be distorted. The first relates to the disposition effect; the second looks at the impact compensation on advice given.

    Ron Bird | 15-06-18 | 1.00 CE | More
  11. Masterclass NZ 2018 - resources

    Masterclass NZ is a post-graduate extension program focused on contemporary issues that are fundamental to building better quality portfolios. Each year, the one-day program features five research-based, active learning sessions.

    25-05-18 | More
  12. The difference for advice in retirement

    Many baby boomers are retiring with decent super balances and need advice on spending their retirement savings appropriately. Consuming capital for a higher standard of living is, after all, what super is for!

    Aaron Minney | 09-05-18 | More
  13. Understanding how people spend their money in retirement

    A retiree's spending will change over time. However, changes in spending profile over time are often ignored when it comes to retirement income planning.

    Aaron Minney | 12-04-18 | 2 comments | More
  14. Panel: Finology is central to the future of financial advice

    Against the backdrop of legislated increases in financial adviser education, standards and ethics, finology must be seen as central to the curriculum of what financial advisers learn and how they practice, for professionalism to be complete.

    Herman Brodie, Nick Hakes, Michael Kitces, Mia Taylor, Michael Ward | 14-02-18 | 0.75 CE | More
  15. Beware the trifecta of desire

    Practitioners demand a trifecta from fund managers - performance, simplicity, connection. But many great investments are contrarian and uncomfortable.

    Douglas Isles | 14-02-18 | 0.25 CE | More
  16. Is it relevant? Is it understandable? We can all do much better….

    Too much of our communication with end investors is either irrelevant, unintelligible to the average investor - or worse still, both.

    Tim Farrelly | 14-02-18 | 0.50 CE | More
  17. Successful practitioners are caring practitioners

    “Nobody cares how much you know, until they know how much you care,” cautioned Theodore Roosevelt. This is especially true when risk is involved.

    Herman Brodie | 14-02-18 | 0.25 CE | More
  18. Ride the Managed Accounts tsunami

    Managed accounts have become increasingly popular with approximately A$40bn in assets. Prepare to ride the managed accounts tsunami or be left in its wake.

    George Walker | 14-02-18 | 0.50 CE | More
  19. Robo-advisors are NOT the future (but technology is)

    While robo-advisors have been the big buzz as replacement humans, they’re not (and data proves it). Technology alone is not enough (otherwise everyone with a FitBit on their wrist would be healthy).

    Michael Kitces | 14-02-18 | 0.50 CE | More
  20. Behavioural biases lead to unrecognised risk-taking

    Behavioural biases - substitution, aggregation, and feedback risks, overconfidence, and limited attention and availability bias - distort money managers' perceptions and lead them to take risks they don’t see.

    Terrance Odean | 14-02-18 | 0.50 CE | More
  21. Downsize now and rejoice at leisure

    Government incentives may help to encourage downsizing but the decision itself may not be purely financial as recent research reveals.

    Joanne Earl | 14-02-18 | 0.50 CE | More
  22. The trust mandate is how asset managers win and keep clients

    Trust – the belief that those to whom we are vulnerable are both willing and able to act in our interests – is the no.1 factor in the decision to select and retain an asset manager.

    Herman Brodie | 14-02-18 | 1.00 CE | More
  23. The finologist of the future is a cyborg

    The combination of man and machine - tech-augmented humans or "cyborgs" - can be more effective than either alone, posing the greatest opportunity to human financial advisers in the long run.

    Michael Kitces | 14-02-18 | 0.50 CE | More
  24. Finology and finding the higher purpose

    While economics studies how humans allocate scarce resources, and psychology studies the human mind and behavior, there is a gap at the intersection between the two – an emerging new body of knowledge dubbed, "Finology".

    Michael Kitces | 08-02-18 | More
  25. What cyborg chess can teach us about the future of financial planning

    Despite the view that computers will come to dominate certain areas within financial planning, the reality is that there are still ways that computer-human duos can be more effective than computers or humans alone.

    Michael Kitces | 08-02-18 | More
  26. Backgrounder: Finology

    Finology knowledge and skills will substantially enhances practitioners' ability to communicate with clients, and to manage portfolios more effectively. This Backgrounder seeks to foster greater understanding and interest in the field of Finology.

    Portfolio Construction Forum | 08-02-18 | More
  27. 2018 Finology Summit - program & prep

    Finology Summit 2018 will help you better understand the preferences, needs and objectives of individual investors, to further improve the way you relate with them and help them achieve their goals. The program features an exceptional and eclectic international faculty of behavioural finance, behavioural economics, and psychology experts covering various aspects of finology with particular focus on the implementation challenges, tools and opportunities faced by practitioners.

    08-02-18 | More