Basis Points

As the managed accounts industry matures, regulators are circling. So, are there any bad players, and what should advisers expect as the regulatory environment shifts?

To find out, Ally sat down with two “masters of the managed accounts universe,” Jonathan Tolub from Trellia Wealth Partners and Chris Carrodus from Evidentia.

They speak to the industry’s rapid growth and tightening regulation following the Shield and First Guardian blow-ups. Plus discuss trustee scrutiny, private credit exposure, conflicts of interest, fee transparency and a possible performance test.

Chapters:
00:00 Introduction
01:03 Why SMAs Grew
02:46 ASIC Scrutiny and Due Diligence
05:26 Managing Conflicts of Interest
07:52 Private Credit and Liquidity
12:56 The Performance Test Debate
16:39 Managed Account Consolidation
17:25 Fees and Platform Differences
20:19 Customising Portfolios
25:20 What Advisers Need Now
28:15 The Industry’s Next Five Years
30:01 Bond Yields and Super Transfers

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CPD Points: This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). Complete the quiz here to claim your points.

0.75 Total Hours

Knowledge Requirements: Managed Investments (0.50 hour) and Regulatory Environment (0.25 hour)

Legislated CPD Area: Technical Competence (0.50 hour) and Regulatory Compliance & Consumer Protection (0.25 hour)

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Basis Points is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.
Hosted on Acast. See acast.com/privacy for more information.

China's economy is splitting in two, and the investment opportunities aren't necessarily where you'd expect.

While property investment has plunged and consumer spending has stalled, AI, advanced manufacturing and robotics are booming.

Stillpoint Investments' Eric Wong joins Ally Selby to unpack China's K-shaped economy, why some of the most interesting stocks are hiding in struggling sectors, and what Western investors are missing about the world's second-largest economy. Plus, how Chinese manufacturers are navigating US tariffs, why political risk isn't unique to China, and whether China's lead in robotics can last.

Chapters:
00:00 China’s Two-Speed Economy
01:37 China’s Economic Outlook
05:43 Is China Investible?
09:00 US–China Tensions and Opportunity
12:23 What Headlines Miss
16:22 Slower Growth, Sharper Differences
18:08 China’s K-Shaped Consumer
22:27 Overlooked Stock Opportunities
25:16 Chinese Manufacturing Moves to Mexico
31:30 China’s AI Frenzy
35:49 The Race for Cheaper AI
38:02 China’s Robotics Lead

📈 Stocks and ETFs Mentioned:
JOYY Inc. (NASDAQ: JOYY), Intel (NASDAQ: INTC), Ferrari (NYSE: RACE), NVIDIA (NASDAQ: NVDA)

FinFest Industry day is nearly here! Come join us on the 23rd October 2026. Register your interest here.

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CPD Points: This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). Complete the quiz here to claim your points.

0.75 Total Hours

Knowledge Requirements: Economic Environment (0.75 hour)

Legislated CPD Area: General (0.75 hour)

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Want more Basis Points?

Sign up to the Basis Points email
Join the conversation on LinkedIn
Watch all episodes in full and relive some of our favourite clips on YouTube

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Basis Points is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.
Hosted on Acast. See acast.com/privacy for more information.

Fundamental stock picking is losing ground to systematic investing. But does that mean traditional active management is dead?

Dr David Allen, Head of Long Short Strategies and Co-Head of Research at Plato Investment Management, joins Ally to explain how systematic managers are using data, technology and AI to find opportunities across thousands of companies.

He takes us inside Plato's investment process, including the 154 red flags the team uses to identify short opportunities.

Plus, David explains why diversification can improve returns when systematic strategies struggle, and the one metric he believes every adviser should use when assessing quantitative managers.

Chapters:
00:00 Is Fundamental Investing Dead?
01:52 Why Traditional Stock Picking Is Changing
04:20 Inside the Black Box of Systematic Investing
07:25 Plato's 154 Red Flags for Identifying Risky Stocks
13:09 Separating Genuine Investment Signals From Noise
17:06 How Plato Uses AI to Analyse Markets
19:29 The Red Flags Emerging in Markets Today
25:34 Diversification, Performance and Choosing a Quant Manager

Stocks and Funds Mentioned:

Plato Global Alpha Fund, Echo IQ (ASX: EIQ), Allbirds (NASDAQ: BIRD), Meta Platforms (NASDAQ: META), DroneShield (ASX: DRO), Cettire (ASX: CTT), Tesla (NASDAQ: TSLA), Commonwealth Bank of Australia (ASX: CBA), GQG Partners (ASX: GQG), IBM (NYSE: IBM)

CPD Points: This episode is accredited by the Financial Advice Association of Australia (FAAA). Complete the CPD quiz ___ to claim your points.

Knowledge Requirements: Managed Investments (0.50 hour)

Legislated CPD Area: Technical Competence (0.50 hour)

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Want more Basis Points?

Sign up to the Basis Points email
Join the conversation on LinkedIn
Watch all episodes in full and relive some of our favourite clips on YouTube

———

Basis Points is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.
Hosted on Acast. See acast.com/privacy for more information.

It was once a given that investing across a variety of asset classes, meant you were diversified.

Today’s guest believes that may no longer be the case.

AI for example touches debt, equities and infrastructure.

When the old asset-class labels no longer explain the risks and opportunities, what should advisers change in client portfolios?

John Woods, the Deputy Chief Investment Officer and Head of Multi-Asset at Australian Ethical Investment shares the portfolio audit that every adviser should run to ensure clients are properly diversified.

Chapters:

00:00 Introduction
03:15 When Asset Classes Overlap
05:59 Auditing Portfolio Risk
09:43 Themes with Staying Power
13:05 Resources and Spotting Hype
16:23 Ethical Investing and Risk
18:28 Opportunity in Infrastructure
20:23 Private Markets and Portfolio Fit
21:43 Three Checks for Advisers
23:23 Renewable Energy Meets AI Demand

📈 Stocks and ETFs Mentioned:

Alphabet (NASDAQ: GOOG, GOOGL), TSMC (NYSE: TSM; TWSE: 2330), Sandfire Resources (ASX: SFR), Capstone Copper (ASX: CSC), Kodak (NYSE: KODK), Allbirds, now Smartbird (NASDAQ: BIRD), GoPro (NASDAQ: GPRO)

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CPD Points: This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). Complete the quiz here to claim your points.

0.5 Total Hours

Knowledge Requirements: Financial Planning (0.25 hour), Managed Investments (0.25 hour)

Legislated CPD Area: Technical Competence (0.50 hour)

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This episode has been sponsored by Australian Ethical.

To learn more, visit AustralianEthical.com.au

Please read the PDS and TMD to consider if the product is right for you. Issued by Australian Ethical Investment Limited ABN 47 003 188 930, AFSL 229949.

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Want more Basis Points?

Sign up to the Basis Points email
Join the conversation on LinkedIn
Watch all episodes in full and relive some of our favourite clips on YouTube

———

Basis Points is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.
Hosted on Acast. See acast.com/privacy for more information.

Jason Entwistle is worried. Australian advisers have one of the highest AI adoption rates in the world at a time when there are so many "shiny new toys” coming out.

But he sees a real risk to the speed of this adoption. Taking up AI tools without enough DD could lead the industry to “end up in a bit of a scandal where data has ended up in the wrong spot,” giving the regulator another reason to intervene.

So how can advisers still change with the times without risking their business?

Jason joins Ally to explain why he thinks nailing your data and processes is the key.

Chapters:
00:00:00 Introduction
00:01:45 Why Advisers Should Take AI Slowly
00:04:51 The Future of Financial Advice
00:07:10 The Risks of Getting AI Wrong
00:10:00 Which AI Start-ups Will Survive?
00:14:06 How Platforms Will Use AI
00:16:31 Keeping Client Data Secure
00:21:17 Building MyHub for the Industry
00:26:37 MyHub’s Launch, Pricing and Partners
00:31:17 AI Adoption and Advice Productivity

This episode was recorded on 17th of September 2026.

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CPD Points: This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). Complete the quiz here to claim your points.
0.5 Total Hours

Knowledge Requirements: Generic Knowledge (0.25 hour), Practice Management (0.25 hour)

Legislated CPD Area: Client Care & Practice (0.25 hour), General (0.25 hour)

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Want more Basis Points?
Sign up to the Basis Points email
Join the conversation on LinkedIn
Watch all episodes in full and relive some of our favourite clips on YouTube

———

Basis Points is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.
Equity Mates Media operates under Australian Financial Services Licence 540697.
Hosted on Acast. See acast.com/privacy for more information.