TRAP: The Real Adviser Podcast

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.

In this latest pile of TRAP, the Trap Pack discussTopical issues, including FCA fees coming down (yay), Scottish Widows loses 180 funds (eek), DB scheme admins asking for money back (double eek), Zoom asking employees to return to the office (!), TRAP hitting 65k downloads, employing pros and leaving them to it, Buffett’s birthdayMeat and Potatoes: Succinct Seminar SuccessQuestions posted by our beloved TRAPists @jeu1985 @Financial118Culture CornerLinks referred to in the show:NL: Scottish Widows to cut 180 (!) Life and Pension funds: https://citywire.com/new-model-adviser/news/scottish-widows-cuts-180-pension-funds/a2422951?re=111659&ea=1700645&utm_source=BulkEmail_NMA_Weekly&utm_medium=BulkEmail_NMA_Weekly&utm_campaign=BulkEmail_NMA_WeeklyNL: Capita and others asking ex-scheme members for some of their transfer values back! https://citywire.com/new-model-adviser/news/revealed-capita-demands-1m-db-transfer-money-back-from-members/a2423312?re=111846&refea=1700645CW: Sports Stars start VC Fund England captain Stokes seeks edge with launch of venture fund | Business News | Sky NewsNL: Kitces EP347 on selling to United Capital and then being sold on to Goldman Sachs: https://pca.st/8ctia7xr and EP300 from September 2022 where Joe Duran talks about selling to Goldman: https://pca.st/usp9yjfj which we in turn discussed in EP3 of TRAP: https://pca.st/fmln11ozNL: Debbie Condon’s Intuitive Support Provider LOA Guide: https://www.intuitivesupportservices.com/quick-linksNL: Phil Bray’s written two useful Webinar long forms: https://yardstick-agency.co.uk/4311-1KU3Y-2453515AC6C084426ERRKC81113A4A96C728FD/cr.aspx) https://theyardstickagency.co.uk/blog/10-costly-webinar-mistakes-you-need-to-avoidCW: 10x is Easier than 2x https://www.amazon.co.uk/10x-Easier-Than-World-Class-Entrepreneurs/dp/140196995X=========================== ===============================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 two Morningstar reports, the Buy-to-Let meltdown, gilt pension “protector” funds, sideways markets, and portfolio lendingMeat and Potatoes: Oh, The Mistakes We’ve Made!Questions posted by our beloved TRAPists @wheato1976 and Ian GCulture CornerLinks referred to in the show:Morningstar Report -Why Do Investors Hire Advisers? https://assets.contentstack.io/v3/assets/blt4eb669caa7dc65b2/blt166858b2f17f32db/649c535e1ea829135bf57d83/Why_do_investors_hire_their_advisor_2023.pdfLombard lending https://www.bondsmith.comCW: Dr Paddy Barrett Podcast  https://podcasts.apple.com/ie/podcast/how-to-spend-your-life/id1495060929?i=1000622820982AH - Modern Wisdom - Sam Harris - Gurwinder Bhogal. https://www.youtube.com/watch?v=carZ3_02-Xg AH - Octopus Energy https://octopus.energy/ AS Dave Zoeller Streamline My Practice Financial Advisor Weekly Newsletter https://www.streamlinemypractice.com/newsletterMorningStar Mind the Gap: Bad Timing Cost Investors One Fifth of Their Funds’ Returns | Morningstar https://www.morningstar.com/funds/bad-timing-cost-investors-one-fifth-their-funds-returns=========================== ===============================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.

F-BOMB ALERT AT 26m22s!!!!!!!!!!!!!!!!!!In this latest pile of TRAP, the Trap Pack discussTopical issues, including this month’s Chancellor and his bellend plans for pension funds and unlisted equities, Consumer Duty is born, Limerick Hurlers, update on TRAP Live 2024, active fund management bullshit-speak, the complete demise of the formerly ubiquitous GARS fundMeat and Potatoes: How To Survive and Thrive The SummerQuestions posted by our beloved TRAPists @stevesmithlive & @kieranfowleyCulture CornerLinks referred to in the show:Rathbone’s David Coombs active fund management “speak” https://citywire.com/new-model-adviser/news/david-coombs-ifas-are-fixated-on-ai-returns-but-there-s-too-much-hype/a2422405?re=111251&refea=1287904Money Men by Dan McCrum: https://www.amazon.co.uk/House-Wirecard-Dan-McCrum/dp/178763504X/ref=asc_df_178763504X/?tag=googshopuk-21&linkCode=df0&hvadid=534858257189&hvpos=&hvnetw=g&hvrand=12303020444191600885&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=1007880&hvtargid=pla-1451323060514&psc=1&th=1&psc=1All Ireland Hurling Final highlights https://youtu.be/BqfQzWChuucLower Mill Estate Cotswolds - https://www.habitatescapes.com/Chris Harvey, party crooner: https://encoremusicians.com/Chris-HarveyHuman Risk Podcast https://www.humanriskpodcast.com/=========================== ===============================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.

DISCLAIMER: "STORYTELLER" SMITH WAS IN A TURKISH HOTEL ROOM WITH A FAULTY FIRE ALARM. THIS BEEPS THROUGHOUT. ALAN APOLOGISES PROFUSELY. HE KNOWS HE'S LET THE TRAP PACK DOWN, THE DEAR TRAPPISTS DOWN, HIS FAMILY DOWN, AND - WORSE OF ALL - HE'S LET HIMSELF DOWN.In this latest pile of TRAP, the Trap Pack discussA possible TRAP live event in 2024. Please let us know if you would be interested in going by leaving your details in the link belowTopical issues, including Google Reviews, CPS study into £1.8TN in cash in the UK, how 24/7 hustle can be a load of BS, fee-free Junior ISA, IHT by UK constituency, the recent rise in annuity ratesMeat and Potatoes: Fixed Income and Mumbo Jumbo QuestionnairesQuestions posted by our beloved TRAPist - Adam H and Michael WalshCulture CornerLinks referred to in the show:TRAP 2024 Live Show. Please express interest here: https://docs.google.com/forms/d/e/1FAIpQLSeQOjuuI5hOlCbQB9AKP-TkuWHL-HPX8DjYhY4cman0uFvseQ/viewform?usp=sf_linkSoundcore Liberty 4 NC headphones: soundcore by Anker Liberty 4 NC Wireless Noise Cancelling Earbuds, 98.5% Noise Reduction, Adaptive Noise Cancelling to Ears and Environment, Hi-Res Sound, 50H Battery, Wireless Charging, Bluetooth 5.3: Amazon.co.ukhttps://podcasts.apple.com/gb/podcast/invest-like-the-best-with-patrick-oshaughnessy/id1154105909?i=1000620745533Centre For Policy Studies says £1.8 trillion in cash savings in UK: https://cps.org.uk/research/retail-therapy/Everyday hustle https://twitter.com/CarlWidger/status/1678884881772822531Melissa Caddick Story https://podcasts.apple.com/ie/podcast/liar-liar-melissa-caddick-and-the-missing-millions/id1616444281High Performance App: https://apps.apple.com/us/app/the-high-performance-app/id1666796864Fidelity JISA fees: https://www.fidelity.co.uk/junior-isa/fees-and-charges/#tab-linkYou Are Not So Smart by David McRaney: ============================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 discussThree glowing reviews of the podcast, read by Andy in his inimitable styleTopical issues, including the “Future You 2023” event, the DFA Matrix book, a completely wrong personality test, Schroders Adviser Pulse 2023 report, the awful RegData trauma Meat and Potatoes: From Sin Bin to Sending Off: Handling Problematic ClientsQuestions posted by our beloved TRAPist - @Darren_Bilkey @Bill_n_e_wann @LlewelynBowen @kieranfowleyCulture CornerLinks referred to in the show:Future You 2023 Future You is Returning in September 2023DFA Matrix Book https://static1.squarespace.com/static/5a29de13e5dd5b5fb7021e6c/t/645e5f124644cd2b57964f39/1683906326686/matrix-book-2023_usd-us.pdfUnderstand Myself: https://www.understandmyself.com/More Perfect podcast - More Perfect on Apple Podcasts McEnroe Documentary McEnroe (2022) Official Trailer | Documentary | SHOWTIMEWatch AIR | Prime Video ============================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.