Online CPD: Adapting Portfolios for Inflation

Inflation is on the rise, and it's distorting both equity and bond performance. Advisers relying on traditional "long-run" models need to rethink portfolios to ensure inflation resilience.

Within equities, value-investing is making a comeback. Traditional bonds are under pressure as they can't keep pace with inflation, so are failing to offer either capital protection or diversification. Alternatives require careful risk budgeting and focus on liquidity.

In this workshop, we look at ways advisers can build-in inflation resilience to portfolios, based on lessons from the past.

For Equities: explore the concept of equity duration and a factor-based perspective

• Understanding how asset classes respond to inflation
• Explain the concept of equity duration
• Explain the factor-perspective on equities in an inflationary regime

For Bonds: understand the difference between nominal and real yields, and duration risk

• Explain the concept of real yields
• Explain the concept of duration risk
• Contrast the different durations for core bond exposures

For Alternatives: explore the concept of real assets and risk-based strategies as diversifiers

• Explore the inflation-protection & diversification characteristics of real assets
• Other alternatives to equities: gold & private markets
• Other alternatives to bonds: the “all-weather portfolio”

HENRY COBBE, CFA: FOUNDER & HEAD OF RESEARCH

Henry is Director and Head of Research at Elston Consulting which supports UK financial advisers and wealth managers with their investment proposition. After graduating in 1999 with a first-class MA(Hons) degree from the University of Edinburgh, Henry started his career in the City in 1999 at Schroders as a buy-side analyst. From 2005-2012, he was a Partner in a hedge fund investment management firm. In 2012 he founded Elston Consulting to help make investing easier, lower cost and more accessible for more people. Elston works with wealth managers and financial advisers to research, design and deliver cost-efficient multi-asset investment strategies for their clients. Henry is author of “How to Invest with Exchange Traded Funds” (2019), and of over 30 CISI-endorsed CPD papers on investment-related topics for financial advisers. He is an IMC holder since 2000 and a CFA charterholder since 2004.

SCOTT ADAMS: HEAD OF ADVISER RELATIONS

Scott is Head of Adviser Relations at Elston Consulting, ensuring advisers receive the deliverables they require to support their businesses and providing strategic support drawing on his extensive knowledge of the UK platform market. Scott has been working in the Financial Services Industry for 28 years since leaving university with a business management degree. He started out with Friends Provident operating in Glasgow and Manchester before taking on a sales role with Allied Dunbar. This was the start of 16 years with what eventually became the Zurich Intermediary Group where he achieved the role of Executive Consultant looking after financial advisers in Glasgow and the west of Scotland. He then spent 10 successful years with Novia Financial as the Regional Sales Manager for Scotland and latterly Northern Ireland, where he specialised in platform and DFM investment sales. Scott has extensive experience of the Platform/Wrap and investment marketplace and hugely values the importance of people in the financial services industry. Scott has a diploma in financial planning that benefits his day-to-day discussions with advisers.

If you wish to participate in this webinar, please confirm your booking using the button on this page. Joining instructions will be issued to all attendees by email.

If you have any questions, please contact alan@unburdenedsolutions.co.uk

Please note: This event is a regional collaboration between the local institutes in the area. Your booking details will be shared with the Insurance Institute of Aberdeen, which is acting as the host institute for this event.