TRAP: The Real Adviser Podcast 62 - Planning Your Best Year Yet
Jan 16, 2025
Immerse yourself in a poignant discussion about life and legacy in financial advisory as the hosts honor a beloved colleague. They delve into the significant shift from active to passive investing, exploring the impact of capital outflows on fund performance. Insights into navigating pension changes and fostering effective client relationships highlight the evolving landscape of financial advice. With humorous reflections on New Year's resolutions, they underscore the importance of perseverance and goals for the year ahead.
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Stuart Knight's Passing
- Stuart Knight, a financial advisor and regular TRAP listener, passed away from cancer at age 59.
- This serves as a reminder that life is precious, even for those who help others plan their retirements.
Active Fund Outflows
- Active funds experienced record outflows in 2024, exceeding half a trillion dollars.
- Growing awareness of underperformance and high fees are driving the shift to passive funds.
Terry Smith's Performance
- Terry Smith's Fundsmith underperformed its benchmark in 2024 but outperformed over the long term.
- Despite this, the fund experienced significant outflows, highlighting the challenge of maintaining performance.
