David Dall - Shaw and Partners

27/08/2026

Last week we hosted portfolio manager Sally Bertouch in our Adelaide Boardroom. Sally and her colleagues at Schafer Cullen Capital manage our Shaw Global Equity Income portfolio.

For more than five years, Shaw and Partners has entrusted Schafer Cullen Capital Management to manage a version of their Global High Dividend strategy.

Thank you Sally for visiting all the way from New York and sharing valuable insights into global income investment opportunities.

Learn more about the strategy: https://www.cullenfunds.com/US/P/Strategy-Summary/Global-High-Dividend-ADR/ or email me at [email protected] for further information.

24/07/2026

I saw this Post on Social Media.

With our clients we actually receive the opposite feedback. Often, Alex Moore and I get complimented for including the spouse and partner in all discussions and decision making.

14/06/2026

This week's morning tea held in Shaw and Partners Financial Services boardroom was a celebration of Achilles Adelaide’s outstanding contribution to Adelaide's blind and low vision community providing a safe, inclusive and empowering environment walking or running alongside volunteer guides. Each Saturday athletes and guides meet at 8.45 am at the rotunda at Colley Reserve at Glenelg.

We also celebrated funds raised of $61,830 for Achilles Adelaide by donors and staff of Shaw and Partners inclusive of generous dollar-matching by the Shaw and Partners Foundation.

14/06/2026

This week's morning tea held in Shaw and Partners Financial Services boardroom was a celebration of Achilles Adelaide's outstanding contribution to Adelaide's blind and low vision community providing a safe, inclusive and empowering environment walking or running alongside volunteer guides. Each Saturday athletes and guides meet at 8.45 am at the rotunda at Colley Reserve at Glenelg.

We also celebrated funds raised of $61,830 for Achilles Adelaide by donors and staff of Shaw and Partners inclusive of generous dollar-matching by the Shaw and Partners Foundation.

05/05/2026

SA Giving Week (4–8 May 2026) is a new statewide initiative growing and celebrating a culture of generosity across South Australia.

This morning I attended an enlightening session titled “Mastering Philanthropy for Professional Advisers”.

A listing of other events scheduled this week is on the website link below also with a nice story about myself and my running buddy Warren 🏃🏽‍♂️.

Shaw and Partners’ Adelaide team turned a $50,000 gift into hands-on guiding for blind and low-vision runners with Achilles Adelaide.

30/04/2026

Welcome to the second edition of Shaw and Partners Financial Services Investment Perspectives.

This quarter has been shaped by a rapid shift in the global landscape. What began as a period of rotation and re-calibration has evolved into a more complex environment, driven by geopolitical tension, energy market disruption and renewed inflationary pressure. In this edition, we examine how the evolving conflict in the Middle East and disruptions to global energy supply are shaping markets and investor positioning.

Investment Perspectives continues to bring together our house view on markets and asset allocation, insights from leading fund managers, and high-conviction research ideas, with a clear focus on practical application. In a more uncertain and volatile environment, maintaining discipline, diversification and a well-defined investment framework remains critical.

INSIDE THIS ISSUE
💹 Market Outlook: June Quarter 2026: Martin Crabb, Chief Investment Officer
🪟 Our views on asset allocation: Maria Zapata, CFA Zapata, Senior Investment Analyst
🫅 Royalties - Unlocking a new source of returns: Partners Group
💰 Inflation-linked bonds in focus: Damien Williamson, Head of Income Strategies
👱 The human edge: Chris Smith , Head of Private Wealth
👌 Clarity in complexity: Maria Moshonas, Head of Financial Planning
🎭 Q1 2026 performance: Hansheng Zhang, Investment Analyst
🛢️ Global oil markets in crisis: Andrew Hines, Head of Research
💝 Shaw and Partners Financial Services and Partners Foundation 2025 Annual Report
💡 Stock recommendations

To receive a copy of the June Quarter 2026 Edition, please email me at [email protected]

This document has been prepared without taking account of your objectives, financial situation or needs. Accordingly, before acting on any advice, you must consider the appropriateness of the advice having regard to your personal circumstances. If the advice we have provided relates to the purchase or possible purchase of a particular financial product, you should obtain a Product Disclosure Statement relating to the product and consider it carefully.

18/04/2026

Founded in Adelaide in late 2024, Achilles Adelaide is part of the global Achilles International movement, supporting athletes with disabilities to experience the joys and benefits of physical activity.

Alex Moore and David Dall have been in awe of Achilles Adelaide for almost 12 months and actively involved for the past 6 months. We were introduced to the organisation by Angela Evans AM and immediately were impressed by their Board led by Chair Justine Crawford.

Achilles Adelaide is successfully increasing the participation in physical activities and creating an inclusive and supportive environment where athletes, guides, and supporters come together as a community.

Our Shaw and Partners Financial Services’ colleagues and the Shaw and Partners Foundation enthusiastically support our involvement contributing to our $40,000 donation to Achilles Adelaide offering opportunities for people who are blind or have low vision to participate in walking and running alongside volunteer guides.

Thank you to; my colleagues Earl Evans, Chris Smith, Stephen Martiensen, Matthew Boase, Suzie Georgiou, Jed Richards, Matthew Norman, John Piper, Fraser MacLeod, Matthew White, Steve Triantafilidis, Mark Landau, Alasdair Burns, Emilia Stavrou, Marcus Campbell, Ashley Kelly, Jonas Hogan, Scott Dawson, Anthony De Pizzol, David Schmidt, Matthew Wilkinson, Rosie Grasso, Michael King, Deshani Gokarella, Natasha Bartlett, Oliver Clarke, Andrew Frolow, Sam Crompton, James Bills, and Adam Boon.

25/07/2025

That was such a genuinely mind-blowing experience being amongst such brave Achilles Adelaide blind and low vision athletes running 6 minutes per km. 🤩 My Shaw and Partners Financial Services Business Partner Alex Moore was right beside me.

09/06/2025

Today is the 10 Year anniversary of our Shaw and Partners Adelaide office. 28 years in the financial advice industry, I feel like I’m at the peak of my powers and it is never more satisfying seeing clients benefit from my financial advice on Superannuation and ASX-Listed investments. I extend my heartfelt thanks to all clients and colleagues who have shared the Shaw and Partners journey with me.

24/04/2025

A positive message relating to financial markets as we head into the ANZAC Day Long Weekend.

I have gleaned some real positives over the past few days from news and commentary out of the USA.

I notice a genuine conciliatory tone relating to tariffs and the important relationship between China and the USA which is so important to the world economy and Australia’s economy too.

The 10 days following Trump's April tariff announcement we saw the S&P 500 fall a blistering -12.2%. The below table looks at the other circa -10% or more S&P 500 falls over 10 days and what happened next.

Markets on average have rebounded 1-month, 3-month, and 6-months later by 7.6%, 15.6%, and 21.3% respectively. These are not small recoveries, they are strong reversals that rewarded those who stayed invested. Most importantly, markets were higher 100% of the time 3 and 6 months later.

It is a powerful reminder that volatility is often the toll investors pay to access long-term returns. Those who do the worst though are often the ones who get scared out at the maximum point of fear as they don't get back into the market in time.

While every cycle has its unique risks, the market’s tendency to recover from fear-driven declines is remarkably consistent.

Enjoy your weekend.