Wednesday, June 15, 2011
The AFA and FPA National Conferences were a highlight of the last quarter of 2010 for financial advisers.
IRESS Wealth Management was represented at both events on the Gold Coast, and in addition to garnering further interest in our software solutions, our Business Development Team once again hosted the IRESS Market Challenge competition for conference delegates.
IRESS Market Challenge
The challenge involved selecting a portfolio of direct equities from the ASX200 totalling $100,000, which were then traded in XPLAN on the live market over the course of each conference. The highest portfolio value at the close of trade on the last day of the conference was deemed the winner.
The Business Development Team used XPLAN’s portfolio management and equity trading capabilities to manage the entrants and the competition. Direct equity trading, portfolio management, bulk emails, SMS and reporting were all utilised during the conferences using XPLAN. To learn more please contact your XPLAN Account Executive.
AFA Conference Winner
The AFA Conference was held late October at The Royal Pines Resort on the Gold Coast. There were over 50 entrants in the competition. The AFA 2010 IRESS Market Challenge winner was Sarah Riegelhuth from Wealth Enhancers (Synchron) in South Melbourne, Victoria.
Sarah implemented a strategy of buying low on stocks that had taken hits in previous trading activity. Her strategy turned her initial $100,000 into $103,642.76 over the course of the three day conference, a lead of just $261.52 over second placed Katherine Hunt (AFA Student of the year for 2010) of PIS.
FPA Conference Winner
The FPA Conference was held late November at the Gold Coast Convention Centre. With over 70 competitors vying for the coveted prize, our FPA 2010 IRESS Market Challenge winner was Chris Winton from EquipSuper, an Industry Super Fund based in Melbourne.
Chris entered our competition after the market opened on day one of the conference and also selected a portfolio of stocks that had taken a recent dip. The strategy proved fruitful as the portfolio benefitted from a resurgence and ended the conference valued at $102,658.03, just $852.05 ahead of second placed Kristin Dunn from Griffith University.
Congratulations to both Sarah and Chris on each winning the prize of a SONY BRAVIA 46” LED television.