Morningstar Individual Investor Conference

Sydney | 2019

17 October 2019 | Wesley Conference Centre


Anton Tagliaferro

Investors Mutual Limited

In 1998 Anton started IML with the purpose of creating a fund manager focused on the specific needs of the end investor. Anton’s funds invest in quality companies trading at a reasonable value.

Andrew Clifford


Andrew co-founded Platinum in 1994 as Deputy Chief Investment Officer, having worked alongside Kerr for several years at Bankers Trust. In July 2018 he took over the role of Chief Executive Officer and will lead the firm to write its next chapter.

Ben Griffiths

Eley Griffiths Group

Ben Griffiths has more than 30 years financial markets experience. He was formerly joint Head of Small Company portfolio management at BT Financial Group, and joint Head of Small Companies at ING Investment Management.

Peter Hogan

SMSF Association

Peter Hogan, SMSF Association's head of technical, is one of Australia’s leading SMSF specialists. He worked for the ATO before joining some of Australia’s largest financial institutions to work in key superannuation, investment and tax roles.

Dawn Kanelleas

Colonial First State GAM

Dawn is a Senior Portfolio Manager at Colonial First State Global Asset Management, managing small companies portfolios. Her role includes analysis and research into Australian-listed small cap and mid cap stocks.

Julian Morrow

Comedian and TV Producer

Comedian and TV producer Julian Morrow has appeared on several ABC Television programs including CNNNN (2002–03), The Chaser's War on Everything (2006–07, 2009) and The Checkout (2013–2018), of which he was also executive producer.

Vihari Ross

Magellan Asset Management

Vihari Ross is Head of Research. Having joined Magellan in 2007, her previous roles include Head of Franchises, and Senior Analyst in the financials team.

Robin Bowerman


Robin is Head of Corporate Affairs at Vanguard. He joined Vanguard in 2003 and currently leads the corporate communications and government relations functions of the business and plays a key role in Vanguard’s long-term strategy development.

Peter Warnes


Peter Warnes is head of equity research at Morningstar. An experienced leader within the Australasian business, Peter regularly contributes thought-provoking research, meets with investors, and represents Morningstar equity research in the media.

Jay Sivapalan

Janus Henderson Investors

Jay Sivapalan is Co-Head of Australian Fixed Interest at Janus Henderson Investors. Prior to this, he was a portfolio manager with Perennial, where he worked from 2001 in various roles.

Shane Ellis

Shane Ellis Legal Group

Shane Ellis is a nationally recognised Senior Consulting Specialist Lawyer practicing in Family Estate Protection Planning, Estates, Legal Tax Minimisation, Asset Protection Structures & SMSF Law focussing on Intergenerational Wealth Transfer.

On the Agenda


Registration Opens


Welcome and Introduction

Jamie Wickham, CFA, Managing Director, Morningstar Australasia


Keynote Address: Global Investing in Turbulent Geo-political Times

Vihari Ross, Global Portfolio Manager, Magellan Asset Management / Peter Bull, Head of Equity Investments, Morningstar Investment Management / Jay Sivapalan, Co-head of Australian Fixed Interest, Janus Henderson / Moderator: Emma Wall, Senior International Editor, Morningstar

What is the impact of geo-political risk on global markets? We discuss trade tariffs, political turmoil, interest rates and more. What should investors engage with, how should you invest through the noise and how important is macro when making market decisions?


Australian Share Market Outlook

Peter Warnes, Head of Equities Research, Morningstar Australasia

Following a largely positive earnings season for full-year 2018, the outlook for fiscal 2019 is less positive. Peter Warnes discusses what he expects from financials, commodities, energy and other key sectors in the year ahead, and takes questions from the audience.


Morning Tea


The Art and Science of Valuing Stocks

Concurrent Stream: Investing Classroom (Main Theatre)

Adam Fleck, Director of Equity Research, ANZ, Morningstar

Have you ever wanted to estimate your own fair value for stocks? Adam Fleck guides you through the process of building a forecast, discounting future cash flows, and incorporating a company's moat into your analysis.

How to Establish and Maintain an SMSF Pension

Concurrent stream: SMSF (The Lyceum)

Peter Hogan, Head of Technical, SMSF Association

Transitioning your SMSF from accumulation to pension mode involves a number of complexities, both in establishing and maintaining it. But Peter Hogan explains what you need to know.


Funds, LICs & ETFs: What it Takes to Win Morningstar Gold

Concurrent stream: Investing Classroom (Main Theatre)

Matt Wilkinson, Senior Manager Research Analyst

Managed investments come in all shapes and sizes from the traditional managed fund and superannuation options through to listed investment companies and exchange traded funds. This session will look at the advantages of managed investments, the different options and how Morningstar analysts determine which options achieve the highest Morningstar Analyst Rating.

SMSFs & Estate Planning Under the New Transfer Balance Caps

Concurrent Stream: SMSF (The Lyceum)

Shane Ellis, SMSF Specialist Lawyer, Shane Ellis Legal Group

It is critical to get your SMSF documentation and estate planning correct to keep the maximum amount in your tax effective SMSF, both now and upon the death of the first spouse. Correct planning and procedures means tax can be legally minimised, or even totally avoided, and maximum amounts can be retained in your pension account. This session is key for all SMSF Members and Trustees.


20 Lessons from the Market

Concurrent stream: Investing Classroom (Main Theatre)

Anton Tagliaferro, Founder, Investors Mutual Limited

The investment team at Investors Mutual have developed 20 lessons from 20 years of quality and value investing to mark their anniversary. Anton will share some of the learnings for investors in the Australian sharemarket.

The Roadmap for Retirement

Concurrent Stream: SMSF (The Lyceum)

Robin Bowerman, Head of Marketing Strategy and Communications, Vanguard Investments Australia

It is critical to get your SMSF documentation and estate planning correct to keep the maximum amount in your tax effective SMSF, both now and upon the death of the first spouse. Correct planning and procedures means tax can be legally minimised, or even totally avoided, and maximum amounts can be retained in your pension account. To help ensure your fund prospers in the new post-retirement regulatory environment, we explore some of the imminent policy changes and how Australia's shifting demographics are influencing this.




Global Equities Keynote Address

Andrew Clifford, Chief Executive Officer, Platinum

Are we late cycle and are markets overvalued? The answer depends very much on where one looks. Amid high valuations for winners and disruptors, deep value can be found in more prosaic businesses such as industrials, financials and other cyclicals. Find out more from Andrew Clifford, Platinum’s CIO.


Small Cap Investing: Higher Returns but Greater Risk?

Dawn Kanelleas, Senior Portfolio Manager, Colonial First State Global Asset Management / Ben Griffiths, Founder, Eley Griffiths Group / Moderator: Ross Macmillan, Senior Analyst, Manager Research, Morningstar Australasia

Small-cap stocks generally provide high returns, but are perceived to hold more investor risk. However, most active small-cap managers covered by Morningstar have outperformed both the small- and large-cap indices over the long-term. Dawn Kanelleas and Ben Griffiths will discuss their view of the opportunities and risks of small cap investing, and how they have positioned their portfolios to benefit from rapid technological, social and economic changes.


Afternoon Tea


Best Stock Ideas

Adam Fleck, CFA, Director of Equity Research, ANZ, Morningstar / Brian Han, Senior Equity Analyst, Media & Telcoms, ANZ, Morningstar / David Ellis, Senior Equity Analyst, Banking and Insurance, ANZ, Morningstar / Gareth James, CFA, Senior Equity Analyst, Technology, ANZ, Morningstar

Morningstar sector specialists from our equity analysis team will delve into some of their favourite companies, providing expert insights and their future outlook.


Checking out the Royal Commission: Lessons for Financial Consumers

Julian Morrow, Comedian and Television Producer, The Chaser, The Checkout

Former member of The Chaser comedy team, and Producer of irreverent ABC TV consumer affairs program The Checkout, Julian applies his unique wit to some of the financial industry's shortcomings uncovered earlier this year.


Conference End

When You Get Here

Welcome to the Wesley Conference Centre

The Wesley Conference Centre is conveniently located in the heart of Sydney’s CBD and easily accessible by public transport.

Wesley Conference Centre
220 Pitt Street, Sydney NSW 2000

Thank You to Our Sponsors

Be a visible part of the conference experience by becoming a sponsor. It’s about more than attendees seeing your company’s logo—it’s an effective way to reach decision makers.

Principal Sponsor

StateStreetGlobalAdvisors Logo

Lead Sponsors

Australian Ethical Logo
Betashares Logo
CharterHall Logo
Cromwell Logo
Fidelity Logo
IML Logo
Platinum Asset Management

Major Sponsor

Magellan Logo

See You at the Conference.