Financial Advice

Monthly Perspective | April 2019

Another positive month for global assets as central banks turn more dovish and rhetoric around the U.S.-China trade talks remains optimistic.

What impact does the Budget & Federal election have on your SMSF clients?

The budget was recently handed down and the federal election has finally been called and will be held on the 18th of May 2019. What does impact does this have on your SMSF clients?

Monthly Perspective | March 2019

Up and up we go as markets continue to rebound despite economies showing more and more signs of weakness.

Monthly Investment Update | February 2019

With a strong start to 2019 for global markets, Kerry Craig - Global Market Strategist, JPMorgan Asset Management, and Jonathan Bayes - Chief Investment Officer, discuss whether this can continue.

Monthly Perspective | February 2019

Sentiment continues to lift markets across the board with both growth and defensive assets gaining ground.

Royal Commission into Banking and Financial Services

It is clear that in the future, further regulation will enter our industry. I am confident that this presents our business with more opportunities to thrive and to continue to do our best every day to make a difference in our client's lives.

Monthly Investment Update | January 2019

Mathew Cassidy and Jonathan Bayes welcome us back to 2019 and provide an economic outlook for the year ahead.

Monthly Perspective | January 2019

A new year brings a turn in sentiment and new opportunities. This month, we envisage the possibilities that 2019 could bring.

Monthly Perspective | December 2018

Equities continue to fall, but bonds rebound on safe haven demand. This month, we assess how the year has been so far for investors.

End of year portfolio update

As we stand today (December 20th), the Australian share-market looks set to record its first NEGATIVE year since 2011.

Monthly Investment Update | December 2018

Mathew Cassidy and Jonathan Bayes provide a final economic update for 2018 and look ahead at what investors can expect in 2019.

Monthly Perspective | November 2018

Equities and bonds took a beating over the past 10 weeks despite another quarter of stronger than expected earnings growth and some promise of easing trade tensions. This month, we look at the possible driver for the falls and its implications on valuatio

Australian Market Summary | 23 November 2018

Cautious yes, outright bearish? Not just yet.

Monthly Investment Update | November 2018

Jonathan Bayes, Chief Investment Officer and Tim Johansen, Managing Director, Real Estate Finance – Qualitas provide the latest investment update on the local and global economies, and investing in real estate income funds.

Now is the time for Variable Beta

In periods of negative returns such as the Great Depression, Japan in the late 80’s, the dot-com bubble and the GFC, Variable Beta long-short equity funds aim to provide investors with increased capital protection.

Australian Market Summary | 19 October 2018

The risks are rising, in particular around U.S wage pressures, corporate profitability, Italian budget plans and Australian house prices.

Monthly Investment Update | October 2018

Jonathan Bayes, Chief Investment Officer and Thomas King, Chief Investment Officer – Nanuk provide the latest investment update on the local and global economic outlook.

Monthly Perspective | October 2018

Geopolitical tensions show no signs of abating as the US and China continue to shun discussions to resolve trade issues causing the International Monetary Fund (IMF) to reduce their growth forecasts for the first time since July 2016.

Australian Market Summary | 12 October 2018

So much to cover, and yet it’s so important to sort the important stuff from the noise. But, some context first.

Australian Market Summary | Friday 5 October 2018

As you all know, we have taken a cautious tone with market exposures since April, believing that many long-term trends will soon end, and that the risk-adjusted returns offered by many investment opportunities might not stack up so favourably under change

Australian Market Summary | Friday 28 September

In the United States, September Consumer Confidence surged to its highest level since the height of the dot-com craze in 2000. That’s worthy context for the genuine strength in US economic activity, but interestingly too, the highs back then coincided wit

Monthly Perspective | September 2018

Markets were recovering as the US invited China to resume trade talks, only to come under pressure again as Trump threatened another round of tariffs which he duly delivered.

Australian Market Summary | 21 September 2018

Markets had a better tone to them this week and were led by a rebound in sentiment in Asia. Gains in Chinese and other Asian share-markets helped fuel positive sentiment in the local miners, reversing 2-3 months of underperformance from that sector.

Monthly Investment Update | September 2018

Australian Market Summary | 14 September 2018

We drifted again this week and there wasn’t a huge amount to discuss in terms of news-flow or themes, which makes for any easy summary to write.

Australian Market Summary | 7 September 2018

When coupled with the ongoing weakness in the Australian Dollar, which this week fell to a fresh 2 year low, Australian shares year to date are rather significantly underperforming their U.S peer group by around -15%.

Australian Market Summary | 31 August 2018

This week we saw quite a few mid-cap ‘market darlings’ miss numbers which led to their shares prices falling sharply.

Monthly Investment Update | August 2018

Geopolitical risks have continued to plague the markets this year, as the US raises tariffs on Turkish goods and has indicated that it may continue to escalate trade wars with China and Russia as well.

Changes to Exempt Current Pension Income from 1 July 2017

The ATO has confirmed that it will no longer accept methods for calculating ECPI, particularly when it comes to a SMSF that has switched from unsegregated to segregated during the course of the financial year.

Monthly Perspective | August 2018

Over the past four weeks, we saw nascent signs of an emerging market recovery before it was derailed by Turkey sanctions derailing the Lira, followed by an earnings miss by Chinese gaming company Tencent.

What does a Labor Government do to my investment portfolio?

The last thing I want is to be self-important, but if you have Australian investment portfolio’s then I’d humbly suggest that you take 5 minutes to read through some of my thoughts.

Getting started on the property ladder with the First Home Super Saver Scheme

The Federal Government introduced the First Home Super Saver Scheme, in response to the increasing number of first home buyers finding it difficult to enter the property market. So how does the scheme work, and should it be on your radar?

Australian Market Summary | 17 August 2018

At the end of a manic week, and with a heavy focus on corporate earnings, I think I am going to try and cover of all the points at hand in bullet form.

Australian Market Summary | 10 August 2018

Reporting season is finally upon us, and for the next few weeks it’s our intention to spend more time offering feedback on local company results and valuations than commentary on the global macro outlook.

Australian Market Summary | 20 July 2018

For the fourth week in a row, the ASX200 has paused at or around 6250-6300 mark. But who wants to talk about the boring old index when we can marvel at Afterpay’s stunning +43% rise this week!

Australian Market Summary | 27 July 2018

Another week of consolidation across markets. Probably the main change to note this week, was the slightly more optimistic tone to come from out of China.

Australian Market Summary | 3 August 2018

Just like last week, and the week before, and the week before that, our share-market remains ensconced in the push-pull of a strong US economy and share-market and the undercurrent of future trade protectionism.

Monthly Investment Update | July 2018

Trade continues to be in focus as tariffs came into play and it was a case of sell on the news but buy on the event as equities sold off in the lead up to tariffs before rebounding on the day they came into play.

Landlords Insurance | The reality of reality

When it comes to decisions about your financial future, purchasing property as an investment has increasingly become a popular choice. However, with every investment comes some level of risk.

Monthly Perspective | July 2018

The past month was positive for Australian equities with the S&P/ASX up 3.15% over the past four weeks. Banks drove gains as they rebounded in recent weeks following several weak months on the back of the Royal Commission.

New Financial Year Checklist

A New Year is invariably synonymous with making a list of (often overly ambitious) lifestyle resolutions around eating healthier, exercising more, cutting down on vices and finding a better work-life balance.

Australian Market Summary | 13 July 2018

Once again, global share-markets have managed to remain resilient in the face of perplexing US trade policy on tariffs. This week President Trump proposed tariffs on a further US$200bn of Chinese products exported to the US.

Australian Market Summary | 6 July 2018

The US has been closed for most of this week and hence been untroubled by the weakness. Australia too has similarly displayed little concern from the deteriorating environment across north Asian share-markets, and again remains at ‘decade-plus’ highs.

Australian Market Summary | 29 June 2018

The ASX200 initially pulled back alongside ongoing emerging market weakness, but yet again, through the latter part of the week, buyers stepped up again to take us back to last week’s 10-year plus high.

Monthly Perspective | June 2018

The domestic S&P/ASX 200 was largely flat as banks and financials continued to trend lower, offset by rises in healthcare and exporters on the back of a lower Australian Dollar.

Largest income tax cuts in Australian history pass the Senate

Last week, the government secured the largest tax cuts in Australian history to come into effect from 1 July 2018.

Monthly Investment Update | June 2018

Markets have generally remained resilient despite the headlines and Trump’s tendency to vacillate on policy decisions. Whilst headlines are likely to continue to be the near-term focus for markets, liquidity will be the bigger issue for the medium-term.

Downsizer Contributions | What you need to know

Are you considering, or currently in the process of, selling your home? If so, we would strongly encourage you to speak to one of our advisors before making any final decisions.

Australian Market Summary | 22 June 2018

It’s worth understanding why we moved the way we did this week, and in large part it’s down to knock on effects associated with regional share-market weakness, particularly in China.

Australian Market Summary | 15 June 2018

I am sure I sound like a broken record, but the trend remains a strong one and this move comes in large part due to the falling Australian Dollar, which this week is under 75c and just off a 12-month low.

Australian Market Summary | 8 June 2018

Since we are now getting the usual slew of monthly economic data out, its perhaps a terrific opportunity to offer a quick summary of how I see both the U.S and local economy, and how this view is driving our broader portfolio thoughts.

Australian Market Summary | 1 June 2018

Whilst markets ended up a shade lower across the board, there was real fear felt specifically in Europe this week as the two major parties aiming to form government there fought over the appointment of a finance minister.

Monthly Investment Update | May 2018

Global economic growth remains strong as well, but worries of rising rates are still weighing on investments.

Monthly Perspective | May 2018

Equities rebounded over the month as 80% of companies beat expectations so far in this earnings season.

Australian Market Summary | 25 May 2018

This week we saw the broader equity indices do very little across Australia, the U.S, Asia and Europe, however for the first time in many months, macro concerns began bubbling to the surface and are worthy of our attention.

Australian Market Summary | 18 May 2018

This week was a sad reminder of how quickly the market can remove any sense of invincibility, with Telstra (TLS) warning that 2018 cash profits would likely land at the low end of their previously forecast guidance.

Australian Market Summary | 11 May 2018

We spoke last week of the surprising outperformance of Australian equities relative to the rest of the world in early May, and our expectation that it would unwind soon enough, and this week the market duly obliged.

Federal Budget 2018

The Federal Budget 2018-19 was recently announced by treasurer Scott Morrison. With the major shake-up to superannuation and retirement policies occurring in last year’s budget and effective from 1 July 2017.

Australian Market Summary | 4 May 2018

There was the most almighty buyer of Australian shares this week, and it caused the vast majority of market players to ask questions as to why things moved the way they did.

Monthly Perspective | April 2018

Markets remained under pressure over the month. The S&P/ASX 200 index fell over 1.5% in the past month as the potential of further escalation in trade protectionism and increased political tensions instigated risk-off sentiment.

Transfer Balance Account Reporting - Fast Approaching!

With 30 June 2018 fast approaching, many advisors and tax agents have been continuing to grapple with the superannuation changes.

Monthly Investment Update | April 2018

Jonathon Bayes, Chief Investment Officer - Partners Wealth Group, and Kerry Craig, Global Market Strategist - J.P Morgan, share their views on the local and global economic outlook.

Australian Market Summary | 20 April 2018

This was an important week for markets and investors, and I hope everyone takes 5-minutes out of their day to quickly read through my simple thoughts.

Australian Market Summary | 6 April 2018

Prior to 9am this morning, I’d have thought the escalating rhetoric around tariffs had potentially found some equilibrium. Though the Chinese returned fire earlier in the week with a clap-back of its own on $50bn of US exports to China.

Australian Market Summary | 29 March 2018

the tech-heavy NASDAQ index in the U.S lost nearly -3% Friday, rallied +4% Monday, lost -3% Tuesday and then -1% on Wednesday night.

Monthly Perspective | March 2018

Volatility has continued following the structural shift in early February. While this environment seems high relative to the calm of last year, as touched on last month, this is a much more normal environment for investments.

Australian Market Summary | 23 March 2018

Dominating headlines this week was the heightened trade tension between China and the U.S, and the data privacy issues surrounding Facebook (FB).

Australian Market Summary | 16 March 2018

In a week where Australian business confidence reached its best level in 20 years, share-markets did very little.

Australian Market Summary | 9 March 2018

The week in global share-markets was dominated by the tit-for-tat over Trump’s new steel and aluminium tariffs and the rather disappointing news that Trump’s well-regarded senior economic advisor Gary Cohn had chosen to resign on account of this policy.

Australian Market Summary | 2 March 2018

Share-markets across the globe eased back as the week passed, with a few new and relevant cracks beginning to appear in what up until early February had been a wholeheartedly optimistic outlook.

Australian Market Summary | 23 February 2018

Across our portfolio of holding’s we probably came out somewhere in the middle, which as a value-styled investor, is a win in my books – buying ‘value’ is rarely rewarded during results season.

Monthly Investment Update | February 2018

Jonathan Bayes, Chief Investment Officer and Mathew Cassidy, Managing Director – Partners Wealth Group, provide a summary on recent market movements, particularly in relation to the big drop in the value of the sharemarket, and what to expect in the comin

Transition to Retirement Income Streams – Important Update

The Australian Government released a consultation paper containing proposed amendments to TRIS legislation, which if implemented would be backdated to 1 July 2017.

Privacy Act – Mandatory Regulatory Reporting | February 2018

The Privacy Act sets out the rules that must be followed when a business deals with personal information.

Smart tips for paying off your home loan sooner | February 2018

Australian home loan interest rates remain at historic lows, and the opportunities for paying off a mortgage early are better than ever.

Monthly Perspective | February 2018

As alluded to in earlier issues, low volatility did not last and investors saw a turbulent start to February with bonds and equities both selling off, with markets blaming algorithmic traders and low volatility funds for exacerbating the situation.

Australian Market Summary |16 February 2018

For now, global economic momentum remains sound and I think equity investors will remain sanguine to the steadily rising bond yield so long as the move higher is steady and not driven by a surprise bout of inflation.

Australian Market Summary | 9 February 2018

This week’s market sell-off has everyone scrambling for the ‘why’, and I have seen a list of multiple explanations for this week’s sell off, which is rarely of any value to anyone after the fact.

Australian Market Summary | 2 February 2018

Share-markets are flat to down across the globe this week, and have had a heavier burden to carry since bond-yields continue their trend higher.

Australian Market Summary | 25 January 2018

With the holiday weekend approaching, I’ll keep this week’s note nice and sharp. The local market bounced a little, but is still left underperforming key indices in the U.S, Asia and even Europe.

Monthly Investment Update | January 2018

Partners Wealth Group, provide an end of year summary for 2017, and explain why we are welcoming 2018 with a positive economic outlook.

Monthly Perspective | January 2018

The start of 2018 brings with it continued optimism for Australian equity markets driven in large part by increasing evidence of improving local economic demand and surging global business activity.

Australian Market Summary | 19 January 2018

We will again highlight our expectation that Australian shares will lag their foreign peer group in 2018 in our outlook piece provided in this month’s Monthly Perspective.

Australian Market Summary | 12 January 2018

I am starting the new year in a positive mood. For those of you reading these weeklies, you will have noted that in the past 2-3 months I have become progressively more upbeat on Australia’s domestic economic prospects.

Australian Market Summary | 22 December 2017

I am undeniably more optimistic on Australia’s domestic economy than I have been in 18 months, and think the improving outlook for capital investment will reflect itself well certain industries.

Australian Market Summary | 15 December 2017

It has been a red-letter week for the Australian economy, with another strong employment report and a jump in consumer confidence to a 4-year high.

Monthly Investment Update | December 2017

Partners Wealth Group, wrap up market movements for 2017 and look at the local and global economic outlook for the new year.

Driverless vehicles are here | December 2017

Autonomous driving promises more fluid and safe travel and could lower travelling costs. Such a saving would trigger a major shift in consumer-spending patterns, while upending industries.

New pension advice requirements | December 2017

From 1 July 2018, SMSFs with members who have over $1M total superannuation balances will have to report transfer balance cap credits and debits within 28 days after the end of the quarter that they occur in.

Australian Market Summary | 11 December 2017

A flattish week, but impressive all the same. I say impressive, because good markets rotate well, and this market continues to do just that, allowing the laggards to play catch up.

Monthly Perspective | December 2017

Australian employment figures were weaker than expected this month, but previous months’ figures were revised upwards, sending the unemployment rate lower to 5.4%.

Australian Market Summary – 1 December 2017

Manufacturing is picking up again too after a brief period of consolidation. To be sure, in no way does this counter the massive structural issues Australia’s economy faces.

Monthly Investment Update | November 2017

Australian Market Summary – 24 November 2017

Our market idled away, posting small gains, but in all there was little new to mention beyond a few AGM remarks.

Monthly Perspective | November 2017

Equities and other risk assets rallied strongly once again, with growth stocks continuing to lead the way. In the current bull market, the growth style of investing has led the way, but does this mean that value investing is dead?

Australian Market Summary – 17 November 2017

We had some consolidation in markets locally, after what has been a pretty tidy rise this past 6 weeks. For now, sentiment remains entirely hostage to the passing of US tax reform legislation.

Australian Market Summary – 10 November 2017

Equity markets globally have been buoyed by the oddly perfect combination of economic strength & a well-behaved bond market.

Australian Market Summary | 3 November 2017

The economic optimism continues to drive investment markets to ever higher levels, but there are obvious pockets of investor exuberance that should be noted lest complacency creep in.

Australian Market Summary | 27 October 2017

With global growth momentum as good as it’s been since the GFC, it has felt only a matter of time before we should be seeing higher bond yields and a stronger US-dollar.

CGT relief | 31 October 2017 deadline!

The CGT relief allows trustees to elect to reset the cost base of assets that will no longer be eligible to support tax-exempt superannuation income streams from 1 July 2017 to their market value.

Monthly Investment Update | October 2017

Jonathan Bayes, Chief Investment Officer – Partners Wealth Group, and Haydn Scott, Vice President – Global Wealth Management, PIMCO, share their views on the local and global economic outlook.

Australian Market Summary | 20 October 2017

Strong global growth and a still compliant bond market are the key drivers of equity markets at the moment, and long may that continue, though my worries on US inflation and bond markets continue to rise.

Monthly Perspective | October 2017

Following several months of strong employment data, the Australian consumer has finally shown some positivity, with sentiment up 3.6%.

Australian Market Summary – 13 October 2017

We have noted on several occasions the sensitivity to economic improvement that the small-cap sector has, and this is bearing fruit with continued outperformance.

Australian Market Summary | 6 October 2017

What’s become very apparent in the past fortnight is just the kick in performance terms from foreign investments since the start of September.

Australian Market Summary | 28 September 2017

An early release of the weekly update this week given the public holiday in Victoria on Friday. The weather is turning and with daylight savings kicking in this weekend, the future is looking a little brighter.

Monthly Investment Update | September 2017

Australian Market Summary – 22 September 2017

Though we remain within the same trading range, this week we saw a notable shift in market leadership, with miners finally relinquishing some strength and oils catching a bit of a tailwind.

Monthly Perspective | September 2017

This month, we look at the themes that came out of the 2017 Financial Year’s reporting season, and how companies could be priming themselves for future growth.

Australian Market Summary – 15 September 2017

We got an early look at the Chinese manufacturing data for September, with satellite imagery showing a moderate improvement this month, despite many headlines this week focusing on data from August

Australian Market Summary | 8 September 2017

Australian households remain deeply levered and unwilling or unable to loosen the purse strings (as evidenced by this week’s disappointing retail sales figure).

Monthly Investment Update | August 2017

Australian Market Summary – 1 September 2017

August manufacturing sector survey data pointed to the best outcome since 2002 which is certainly encouraging, though to be clear, manufacturing only comprises some 7% of the local workforce now.

To TRIS or not to TRIS?

With the super reforms resulting in a lot of pre 30 June advice requirements for your clients, we are now operating under the new regime.

Monthly Perspective | August 2017

This month, we look at how investors should act in a higher volatility environment and the potential opportunities that follow suit.

Monthly Investment Update | July 2017

This month we look at the Federal Reserve balance sheet, Australian market movements, the new diversified lending fund we are introducing and what to expect in the month to come.

Happy New (Financial) Year! | July 2017

At Partners Wealth Group we use this time to ask the question – how can we continue to improve our services to you to ultimately deliver a superior client experience?

BREXIT 12 months on | July 2017

Even in spite of the political uncertainty that has bubbled to the surface in the past 12 months, global economies have in fact done surprisingly well.

Monthly Perspective | July 2017

Volatility has been low across all investment markets as investors search for direction, but has started to pick up over the last couple of weeks. Earnings and economic growth expectations have driven markets higher this calendar year

Monthly Investment Update | June 2017

Australian Market Summary

Monthly Perspective | June 2017

Political risks have been at the forefront of investors’ minds but this has failed to curb risk appetite as international equities have been fairly flat

Why infrastructure stocks can withstand higher interest rates | June 2017

Monthly Investment Update| May 2017

This month we give a wrap up on both the local and international economy, and the implications for Australian investors.

Monthly Perspective| May 2017

The world looks to be in a period of synchronised growth which has led the International Monetary Fund to upgrade global growth forecasts this month, despite weaker than expected US GDP data and activity indicators.

What does the Federal Budget mean for you?

The Federal Budget 2017-18 includes a number of proposals that if approved, could impact your financial strategy. Our specialist team explain how the Federal Budget could impact you.

Monthly Perspective | April 2017

Retail spending and consumer sentiment remain weak as Australians continue to commit large amounts of their incomes to mortgage repayments.

ASIC increases surveillance of accountants providing advice | April 2017

As ASIC ramps up their surveillance of accountants providing advice outside of the legislation, have you considered how you provide advice to your clients?

Superannuation changes | $1.6 million transfer balance cap

The pension transfer cap on superannuation retirement pensions will apply from 1 July 2017.

Ageing parents & ageing gracefully

If you have elderly relatives, you may be faced with deciding the best ways to support them as they age

Monthly Perspective | March 2017

Equity markets have pushed higher over the past month as economic indicators continue to paint a rosy global growth picture, and the corporate earnings season was slightly better than expected.

Superannuation contributions changes – the time to act is now!

With the superannuation reforms coming into effect from 1 July 2017, a major change is the lowering of both the concessional (pre-tax) and non-concessional (after-tax) contribution limits.

The toughest tasks for self-managed super

What are the hardest aspects of running your self-managed super fund (SMSF)? Is it the paperwork, all of the investment rules or the fundamental challenge of choosing where to invest your money?

Emerging Market Debt: A Compelling Diversification Opportunity

In the last decade, allocations to EMD in portfolios have grown in prominence not only due to the additional yield available but also because of the diversification benefits it offers to investors

Monthly Perspective | February 2017

The Australian housing market continues to remain strong despite more stringent regulations put in place, and efforts by Chinese authorities to limit cash outflows.

Superannuation Changes | the time to act is now!

Some of the biggest changes to superannuation since the early 90s are coming into effect from 1 July 2017. We explain the main changes to these superannuation rules and how they may impact you.

Monthly Perspective | Thoughts for the new year

Though the world is an undeniably better place, Australia’s economy has failed to keep pace with the improving sentiment seen beyond our shores during 2016.

Big changes to Transition to Retirement Income Streams

Some of the biggest changes to superannuation since the early 90s are coming into effect from 1 July 2017.