Beware your correlations in a multi-asset portfolio

Will Porter, Associate Director published this article in Livewire Markets today.

Click the link to read Will’s commentary.

Grant Patterson discusses latest Global Outlook & Strategy

Watch Grant Patterson and James Smith discussing the key points from the latest outlook.

If you have any questions please contact Grant Patterson or Michael Ogg on (02) 9239 9333 or James Smith on (03) 8793 8383.

Kerr Neilson with Julian McCormack

Julian McCormack interviews Kerr Neilson on the fundamentals of investing and where he sees value in today’s markets.


Conflicts of interest identified by Royal Commission not news to independent advisers

Grant Patterson, Managing Director of Providence is quoted in this article in Adviser Voice about the Royal Commission.

“We believe there is an inherent conflict in the manufacture of product and financial/investment advisory, as has been clearly demonstrated during the Royal Commission” said Grant Patterson, Managing Director of Providence Wealth.

“Being truly independent means we have no constraints when it comes to investment selection and the managers we trust and partner with; this results in the freedom to find the best opportunities, which in turn drives a better potential outcome for our clients.

“Being unfettered by institutional ownership or product manufacturing, independent practices are able to provide advice that’s honest, professional and unbiased.”

The Australian

We are proud to tell the world that we’ve been independent for over 18 years. Today’s front cover of The Australian – Business Review.

The Australian Providence May 2018

Providence Hosts His Royal Highness Prince Edward at Duke of Edinburgh’s Award Supporters and Alumni Lunch

His Royal Highness, The Prince Edward, Earl of Wessex KG GCVO was hosted by Providence Independent Investment Advisory, at an event today for supporters and alumni of the Duke of Edinburgh’s Award.

The lunch in Melbourne was attended by notable guests including representatives from Cricket Victoria, Invictus Games and Australian Rugby Union.

The purpose of the lunch was to thank Award Ambassadors and supporters for their financial contribution to the award and to recognise the numerous volunteers that support it, as well as a partnership between The Award and The REACH Foundation.

Grant Patterson, Managing Director of Providence, who hosted the lunch is an Ambassador of the Duke of Edinburgh Award and an advocate for youth issues. Mr Patterson said “It is wonderful to be associated with philanthropic groups who support our youth in building resilience, confidence, self-belief and a sense of purpose in order to become the best they can be and the future leaders within our community.”

The event highlighted the Duke4Sport partnerships which aligns The Award with key sporting peak bodies, and an advocacy partnership with youth charity The Reach Foundation.

His Royal Highness, said “The Duke of Edinburgh’s International Award – Australia has experienced much success with new innovative projects launched to broaden our reach to more young people and especially to connect with hundreds of vulnerable youth. Like most charities, we couldn’t possibly achieve this without the enthusiasm, time and connections of our growing list of financial supporters; it is their generosity that has enabled The Award to extend its reach to thousands of young people. “


New Look Managed Fund Reports

Our website has been updated to provide clients with even more insight into the Managed Funds that you may be invested in, or interested in.

Click on the Managed Funds page to view products by asset class. For each fund, you can watch videos, read about the investment philosophy, download reports and more.

As always, if you’d like to discuss any of your investments, please give us a call.


Providence in the Financial Revew: Time for Investors to Sell Long-Dated Bonds

Read Providence’s views in the recent article in the Financial Review (by Sally Patten, 5th February 2018); Time for investors to sell long-dated bonds.

“Our view for some time has been that global bonds are extremely expensive. We believe that the bull market is now over. We would want to be very cautious about owning government bonds, which are supposedly risk-free. On a mark-to-market basis, there could be some substantial falls,” Mr Patterson said.