TRAP: The Real Adviser Podcast

TRAP LIVE IS HAPPENING ON 9th MAY 2024. REGISTER YOUR INTEREST HERE: www.therealadviserpodcast.comIn this latest pile of TRAP, the Trap Pack discussTopical issues, including Irish salary sacrifice, Ray Trapani interview with Storyteller and BitCoin ETFs, NextGen and Verve adviser resources, cash flow as an “optional extra”, Timeline Classic 50 MPS lauditsMeat and Potatoes: ABL - Always Be LearningQuestions posted by our beloved TRAPists www.twitter.com/abb04645603Culture CornerLinks referred to in the show:CS - salary sacrifice https://www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-05/05-01-01k.pdfAH - a year in returns: https://novelinvestor.com/2023-a-year-in-returns/?mc_cid=dd7293af86&mc_eid=60c55a4dd8AS - NextGen and Verve resources: https://www.nextgenplanners.co.uk/academy https://thevervefoundation.co.uk/incubator/NL - BitCoin ETF: https://news.bitcoin.com/vanguard-deepens-anti-crypto-stance-after-disallowing-spot-bitcoin-etf-trading-ark-ceo-says-its-a-terrible-mistake/AH - Timeline Classic: https://portfolio-adviser.com/defaqto-names-timeline-classic-50-as-most-recommended-mps-by-advisers/Google Keep: https://keep.google.comEvernote: https://evernote.com/Readwise: https://readwise.io/CW: Michael Kitces podcast on the “big swap” for Finacial Advisers - health and wealth https://podcasts.apple.com/ie/podcast/financial-advisor-success/id1190341231?i=1000640311861NL: Dead In The Water:Murder and Fraud in the World's Most Secretive Industryhttps://www.amazon.co.uk/Dead-Water-Murder-Secretive-Industry-ebook/dp/B09LXD9LSP/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=AS - Ali Abdaal Feel Good Productivity https://www.amazon.co.uk/Feel-Good-Productivity-Achieve-More-Matters/dp/184794373X y AH - The Family Board Meeting: You Have 18 Summers to Create Lasting Connect============================Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to answer. The best way to do this is to ask them here. Help us to help you! The more followers we have, the more we can do stuff going forward. So please: Subscribe and Like our YouTube Channel Leave a 6/5 star review on iTunes Share TRAP with your peers and colleagues 'Enjoy' the Twitter chat at @AdviserPodcast.

TRAP LIVE IS HAPPENING ON 9th MAY 2024. REGISTER YOUR INTEREST HERE: www.therealadviserpodcast.comIn this latest pile of TRAP, the Trap Pack discussTopical issues, including a clash over FIRE, Morgan Stanley’s woeful 2023 prediction, the follies of mis-asset allocation, BitCoinMeat and Potatoes: Three Wins, Two Learns, One GoalQuestions posted by our beloved TRAPists Guy Skinner (http://linkedin.com/in/guy-skinner-citygate-financial-planning) and Benjamin Mitchell (www.twitter.com/themoneyscot)Culture CornerLinks referred to in the show:NL: IFA Forum late burst on 31st December to 428 members. www.tiny.cc/ifaforumNL: Morgan Stanley prediction for 2023: https://www.thinkadvisor.com/2022/12/19/new-stock-market-low-coming-in-2023-morgan-stanley-strategist/?kw=New%2520Stock%2520Market%2520Low%2520Coming%2520in%25202023:%2520Morgan%2520Stanley%2520Strategist&utm_source=email&utm_medium=enl&utm_campaign=topstories&utm_content=20221225&utm_term=tadvAS - comments on LI post https://www.linkedin.com/posts/alancapital_heres-where-the-sharpest-brains-on-wall-activity-7146472490666508288-nN2b?utm_source=share&utm_medium=member_iosCW: The bitcoin story in full Bitcoin above $45,000 for first time since April 2022 (rte.ie)NL: Top books from 2023https://www.goodreads.com/book/show/60018618-unreasonable-hospitalityhttps://www.goodreads.com/book/show/17572998-the-bethttps://www.goodreads.com/book/show/55223171-askhttps://www.goodreads.com/book/show/122765395-elon-muskCW: Netflix Blue Zones https://www.netflix.com/ie/title/81214929AH - The Love Expert: The REAL Reason We’re Lonely, Loveless, Depressed - Alain De Botton, School Of Life - https://www.youtube.com/watch?v=oI7BxBNp1uE AS: Salary Survey BWD Financial ============================Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to answer. The best way to do this is to ask them here. Help us to help you! The more followers we have, the more we can do stuff going forward. So please: Subscribe and Like our YouTube Channel Leave a 6/5 star review on iTunes Share TRAP with your peers and colleagues 'Enjoy' the Twitter chat at @AdviserPodcast.

TRAP LIVE IS HAPPENING ON 9th MAY 2024. REGISTER YOUR INTEREST HERE: www.therealadviserpodcast.comIn this latest pile of TRAP, the Trap Pack discussTopical issues, including a Royal London/Lang Cat report on value, the strong market close to 2024, some boring Bitcoin updates, the wickedness of pension complications, and client Xmas pressies - yes or no?Meat and Potatoes: Crushing Content CreationQuestions posted by our beloved TRAPists www.twitter.com/@paulcleworth https://www.linkedin.com/in/paulcleworthCulture CornerLinks referred to in the show:AS: https://pca.st/episode/cc60d64a-b361-455c-8366-ed7be8ce04cf://pca.st/episode/cc60d64a-b361-455c-8366-ed7be8ce04cf https://adviser.royallondon.com/campaigns/people-powered/deliver-value-for-your-clients/explore-our-meaning-of-value-research/ NL: it’s almost wicked how complicated pensions have become again. The layman has no chance: https://techzone.abrdn.com/anon/public/pensions/finance-bill-tax-free-cash-2024?Opendocument=&utm_campaign=ADV-TEC-Not-Eligible-18122023&utm_medium=email&utm_source=Eloqua&utm_content=CSLAR000000163451&SHA=155d4e8dc50eeae367eafd2801a697a915f33e1ab43bb7a960f033783dd77950AS GEM ; Hugh van Cuylenburg Video! https://watch.amazon.co.uk/detail?gti=amzn1.dv.gti.374d37ba-da4f-4b30-a297-912cfea97173&territory=GB&ref_=share_ios_movie&r=web AS - Jeff Bezos on Lex Friedman https://youtu.be/DcWqzZ3I2cY?si=dvG79OxOkStq9c6F NL: Trillions (Kindle) by Robin Wigglesworth: https://www.amazon.co.uk/s?k=trillions+robin+wigglesworth&crid=3G26J5N00FU6M&sprefix=trillions%2Caps%2C84&ref=nb_sb_ss_ts-doa-p_2_9Robin was on Bulletproof Entrepreneur S2E3: https://pca.st/ro3od2niAH - Historical Newspapers - https://www.historic-newspapers.co.uk/ CW: Accepting Change - a meditation by Sarah Blondin ============================Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to answer. The best way to do this is to ask them here. Help us to help you! The more followers we have, the more we can do stuff going forward. So please: Subscribe and Like our YouTube Channel Leave a 6/5 star review on iTunes Share TRAP with your peers and colleagues 'Enjoy' the Twitter chat at @AdviserPodcast.

TRAP LIVE IS HAPPENING ON 9th MAY 2024. REGISTER YOUR INTEREST HERE: www.therealadviserpodcast.comIn this latest pile of TRAP, the Trap Pack discussTopical issues, including the passing of Bill Vasilieff and Charlie Munger, Sunday Times on Value Assessments, Paul Lewis and sitting in cash, JP Morgan Retirement Report, lunch with a legendMeat and Potatoes: Centres of Influence - Marketing Series 2/3Questions posted by our beloved TRAPists www.twitter.com/@MApowling and www.twitter.com/themoneyscot https://www.linkedin.com/in/benjamin-mitchell-695897101 Culture CornerLinks referred to in the show:AS - Sunday Times report on Value Assessments https://www.thetimes.co.uk/article/buried-treasure-why-are-fund-value-reports-so-hard-to-nd-vfzpdgxvlNL: (H/T to www.twitter.com/@sky_valley87) Paul Lewis - 100% of his pension fund in cash….. People are influenced by his ilk, so know your enemy (said with love): https://www.dailymail.co.uk/money/meandmymoney/article-12790055/Radio-4-broadcaster-Paul-Lewis-pension-CASH-not-shares.htmlAS: Opensea (NFT platform) revenue down 99% https://watcher.guru/news/opensea-nfts-revenue-has-fallen-99-since-march-2022AS - JP Morgan retirement report https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/retirement-insights/guide-to-retirement-us.pdf NL - register your interest to secure the limited tickets for TRAP Live (under£200): www.therealadviserpodcast.comNL: Charlie Munger from the grave via the “Invest Like The Best”: https://pca.st/56lkwov4AS: 1. Vanishing Act, ITV - https://www.itv.com/watch/vanishing-act/10a2997/10a2997a0001  AS 2  - The Edge of Everything https://www.amazon.co.uk/Edge-Everything-Ronnie-OSullivan/dp/B0CJJZYS36  AH - My First Million podcast - Tiny story and founder - Andrew Wilkinson, boring businesses - well worth a listen for FA - Tiny is pitched as the Berkshire Hathaway of the internet - https://www.youtube.com/watch?v============================Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to answer. The best way to do this is to ask them here. Help us to help you! The more followers we have, the more we can do stuff going forward. So please: Subscribe and Like our YouTube Channel Leave a 6/5 star review on iTunes Share TRAP with your peers and colleagues 'Enjoy' the Twitter chat at @AdviserPodcast.

The Trap Pack discuss various topics like HUM, hitting 500 YT subscribers, and Consumer Duty updates. They delve into revolutionizing referrals, share strategies for planning success, and emphasize building a systematic referral strategy. The podcast also touches on wealth management trends, market disruption, and client meeting dynamics in financial planning.

In this latest pile of TRAP, the Trap Pack discussTopical issues, including the rise and fall of Open Money, Vanguard leaving China, Irish Ideas Exchange, are we talking about events in the Middle East with affected clients, new Brett Davidson White Paper, Andy rants about the FCA and crypto, SJP adviser saddled with a business loan, Wealthfront débâcle, HUM London happening on the day of this episode’s releaseMeat and Potatoes: The FINAL Exit Strategy: getting all the stuff documented, for that day when you’re not around anymoreQuestions posted by our beloved TRAPists https://www.twitter.com/gregorpolson93Culture CornerLinks referred to in the show:https://fpadvance.com/whitepaper/how-to-solve-scale-problem/ https://x.com/andrewdbeer1/status/1719337890734289135?s=46&t=sRHfdIQon2TfFJRFg7K23wAH - https://businesscloud.co.uk/news/what-went-wrong-at-openmoney/NL: Vanguard turns it back on China: https://www.pionline.com/money-management/vanguard-takes-final-step-exit-china-dismantling-last-teamNL - US pension allowances v UK - massive difference! https://www.wsj.com/personal-finance/retirement/americans-can-stick-more-cash-in-their-401-k-s-next-year-thanks-to-inflation-5fb4d09fAH - FCA Crypto https://www.fca.org.uk/investsmart/crypto-basicsAH - Google Interview Warmup Tool - https://grow.google/certificates/interview-warmup/CW: JL Collins talk at Google https://youtu.be/T71ibcZAX3I?si=fB9-jy29kMbKhn72AS - Sylvester Stallone on Netflix https://www.netflix.com/title/81450717?s=i&trkid=0NL - Elon and Joe podcast video on Daily Motion: https://www.dailymotion.com/video/x8p91p6NL - “Think and Grow Rich” by Napoleon Hill on Kindle at £0.99p: kindle 99p: https://www.amazon.co.uk/Think-Grow-Rich-Napoleon-Hill-ebook/dp/B08776ZZY4/ref=sr_1_1?crid=30XHCZM2EQYUA&keywords=kindle+99p+books+think+and+grow+rich============================Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to answer. The best way to do this is to ask them here. Help us to help you! The more followers we have, the more we can do stuff going forward. So please: Subscribe and Like our YouTube Channel Leave a 6/5 star review on iTunes Share TRAP with your peers and colleagues 'Enjoy' the Twitter chat at @AdviserPodcast.

In this latest pile of TRAP, the Trap Pack discuss- Topical issues, including SJP swallowing Consumer Duty, NextWealth IFA report, M&G closing its property fund, Irish budget investor woes, adviser mastermind top tips- Meat and Potatoes: Taking THAT Fork In The Road- Questions posted by our beloved TRAPists Stuart Mullen- Culture CornerLinks referred to in the show:AS: https://www.nextwealth.co.uk/research/financial-advice-business-benchmarks-report-2023/ NL: https://www.mandg.com/news-and-media/press-releases/mandg-investments/2023/19-10-2023?utm_campaign=EM_RTL_MA_UKA_OTH_20231016_TBC&utm_medium=email&utm_source=EloquaPhilip Palaveev https://ensemblepractice.com/about/philip-palaveev/ Startup Loans https://www.startuploans.co.uk/ AH - Same as Ever: Timeless Lessons on Risk, Opportunity and Living a Good Life - https://amzn.to/3tljmqE CW: Elon Musk by Walter Isaackson https://www.amazon.co.uk/Elon-Musk-Walter-Isaacson/dp/1398527491CW: The best backpack in the world ever! https://nordace.com/en/product/nordace-siena-smart-backpack/AS - Good/Bad Billionaires https://www.bbc.co.uk/sounds/brand/p0g7xj36============================Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to answer. The best way to do this is to ask them here. Help us to help you! The more followers we have, the more we can do stuff going forward. So please: Subscribe and Like our YouTube Channel Leave a 6/5 star review on iTunes Share TRAP with your peers and colleagues 'Enjoy' the Twitter chat at @AdviserPodcast.

In this latest pile of TRAP, the Trap Pack discussTopical issues, including TRAP Live on 9th May 2024, the TRAP Pack officially open the World Cup in Paris, the annual CISI shindig, Storyteller’s Limerick tripMeat and Potatoes: the chaps discuss the FIRE movementQuestions posted by our beloved TRAPists Jono Randell-Nash www.linkedin.com/in/jono-randell-nash and www.twitter.com/@juniper_jonCulture CornerLinks referred to in the show:NL - Doomslayer - a weekly dose of good news from Human Progress: https://humanprogress.org/projects/news-archives/NL - Rocketbook: https://getrocketbook.co.uk/products/rocketbook-core?variant=39671409934408AS - The Missing Billionaires by Victor Haghani And his Ted Talk Where are all the Billionaires? & Why Should We Care?: Victor Haghani at TEDxSPSThe Missing Billionaires: A Guide to Better Financial DecisionsAH - Michael Lewis - Going Infinite: The Rise and Fall of a New Tycoon - https://www.amazon.co.uk/s?k=michael+lewis+going+infinite&crid=CLHM5FZICS7Z&sprefix=michael+lewis+%2Caps%2C135&ref=nb_sb_ss_ts-doa-p_1_14 CW: The Ride of a Lifetime by Bob Iger CEO of Disney https://www.amazon.co.uk/Ride-Lifetime-Lessons-Learned-Company/dp/0399592091NL - Monzo Investments: invest as little as £1 to get started. Three Blackrock funds. Almost zero friction: https://monzo.com/investments/=========================== ===============================Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to answer. The best way to do this is to ask them here. Help us to help you! The more followers we have, the more we can do stuff going forward. So please: Subscribe and Like our YouTube Channel Leave a 6/5 star review on iTunes Share TRAP with your peers and colleagues 'Enjoy' the Twitter chat at @AdviserPodcast.

In this latest pile of TRAP, the Trap Pack discussTopical issues, including Rugby World Cup updates, Messrs Smith & Hart recap HUM Cape Town, AIM investing woes, Progressive Planners Conference, Future You (again), Nucleus buying Curtis BankMeat and Potatoes: What Norway Can Teach HNWs (and their advisers)Questions posted by our beloved TRAPists www.twitter.com/@jlaws4  https://twitter.com/principlespf Culture CornerLinks referred to in the show:Norway Sovereign Wealth fund: https://www.nbim.no/CW: Solar 21: The tale of 3000 clients, 300 brokers and €26 million in “fees and broker commission” https://thecurrency.news/articles/117655/risky-business-will-solar-21-investors-accept-a-hair-shirt-to-avoid-catastrophe/AH US Credit Card Debt breaks 1trillion https://www.carsongroup.com/insights/blog/why-1-trillion-in-credit-card-debt-isnt-a-bad-thing/NL Bank of England launches hunt for ‘unconscious bias’ in finance industry https://www.telegraph.co.uk/business/2023/09/25/bank-england-launch-hunt-unconscious-bias-finance-industry/#:~:text=The%20Bank%20of%20England%20has,a%20diversity%20and%20inclusion%20push. Another reason why the UK stock market is declining, as we discussed in EP17 https://www.buzzsprout.com/2056762/12602273AH - Nick Murray Books - https://www.simplewealthbooks.co.uk/ AH - Downfall of the Crypto King - Extended Version - https://www.bbc.co.uk/programmes/p0gffn3y CW: Another (!!) High-Performance Podcast: David Smith: https://podcasts.apple.com/gb/podcast/facing-death-taught-me-how-to-truly-live-with-david/id1500444735?i=1000628192924============================Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to answer. The best way to do this is to ask them here. Help us to help you! The more followers we have, the more we can do stuff going forward. So please: Subscribe and Like our YouTube Channel Leave a 6/5 star review on iTunes Share TRAP with your peers and colleagues 'Enjoy' the Twitter chat at @AdviserPodcast.

The podcast delves into the challenges of financial advising, including fees and regulatory fines. They discuss the evolution of fee structures post-RDR, emphasizing transparency and client engagement. Topics also cover the opioid epidemic, fake cryptocurrencies, and portfolio diversification strategies.