Basis Points: Entering the golden age of financial advice with Andrew Hewison | Hewison Private Wealth

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Mar 24, 2025

In this engaging talk, Andrew Hewison, Managing Director of Hewison Private Wealth, shares his expertise from the financial advising realm. He discusses the shift towards individually managed accounts and the unique advantages they offer over standard models. Hewison also highlights the impact of AI on client communication and the necessity of bespoke portfolios. With insights into the evolving landscape of financial advice, he encourages adaptability and innovative thinking in meeting clients' needs.

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INSIGHT

Bespoke Portfolios

Hewison Private Wealth emphasizes bespoke client portfolios, rejecting the industry trend of risk profiling.
They prioritize client goals and objectives, constructing portfolios without restrictions to achieve specific outcomes.

INSIGHT

IMA Focus

Hewison Private Wealth prioritizes individually managed accounts (IMAs) over separately managed accounts (SMAs) and model portfolios for bespoke advice.
While this approach may be less efficient, they leverage technology, a proprietary tech stack, and continuous innovation to manage advisor time and costs.

ADVICE

Tech-Enabled Efficiency

Focus on technology and innovation to streamline advice delivery and free up advisor time.
Use advice delivery software to manage client approvals and automate processes like straight-through processing for listed equities.

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We're excited to continue sharing our latest podcast in the Equity Mates network: Basis Points.

Basis Points is all about finding that small improvements that compound into big outcomes. Built for financial advisers, but accessible for everyone, we hope Basis Points can be a resource for those looking to constantly find ways to improve.

We're pleased to share that all launch Basis Points episodes have been accredited by the Financial Advice Association of Australia (FAAA) for CPD points. If you're an adviser looking to claim CPD points for this episode, head to the Equity Mates website here and complete the CPD Quiz for this episode. We'll then email you your certificate.

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Are we entering a golden age of financial advice? This adviser certainly thinks so.

Today we're joined by Andrew Hewison, the Managing Director of Hewison Private Wealth.

In our conversation, we cover:

The biggest changes in the advice landscape over the past 20 years
Why Hewison Private Wealth uses IMAs over SMAs and model portfolios
The best uses of AI Andrew has seen across the advice industry
The operations of Hewison Private Wealth's in-house investment committee

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Basis Points would not be possible without the support of our three launch partners:

Orbis Investments - Invest differently
Milford - Invested in the outcome
CBOE - Local market, global opportunities

Thank you to all three partners for helping us keep all of our content free and accessible.

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In the spirit of reconciliation, Equity Mates Media and the hosts of Basis Points acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.

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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.

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