TRAP: The Real Adviser Podcast

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.

In this latest pile of TRAP, the Trap Pack discussThree glowing reviews of the podcast, read by Andy in his inimitable styleTopical issues, including Bucket Lists, NextGen Conference wrap, the “M&S Incident”, platform cash skimming, 85 year study into happiness and retirement, AI event discounts for TRAPists, Meat and Potatoes: Dispensing The Vitamin C - The Ongoing Client Comms StrategyQuestions posted by our beloved TRAPist - Adam LiddelowCulture CornerLinks referred to in the show:NL - platform cash skim scam: https://citywire.com/new-model-adviser/news/funds-sell-transact-as-investors-eye-aj-bell-s-and-hl-s-cash-margin/a2418388?re=109900&ea=1700645&utm_source=BulkEmail_NMA_Weekly&utm_medium=BulkEmail_NMA_Weekly&utm_campaign=BulkEmail_NMA_WeeklyNL: Harvard’s 85 year study into happiness and what it means for retirees: An 85-year Harvard study on happiness found the No. 1 retirement challenge that 'no one talks about'NL: The Essays of Warren Buffett: The Essays of Warren Buffett: Lessons for Investors and Managers, 6th Edition: Amazon.co.ukNL: The Tao of Charlie Munger: https://www.audible.co.uk/pd/Tao-of-Charlie-Munger-Audiobook/B01NCKVLOD?action_code=ASSGB149080119000H&share_location=pdpCW: Carl Widger interview with the Currency https://thecurrency.news/articles/119072/financial-planner-carl-widger-calls-out-the-industry-many-arent-trustworthy/CW: Bucket List Trip My Bucket List Trip to America – Walking the TalkCW: Metis Ireland Careers Careers - Metis Ireland | Your Plan, For LifeAH NExtGen Conference Financial Planning Conference | NextGen Planners AS AI For Business - SME and Financial ServicesAS Rockstar Series: Founder of Leon Henry Dimbleby in conversation with Alan Smith - Welcome to Home Grown============================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 a DB Transfer Value tracker site; eye-watering Quilter charges; Alan having a live Bulletproof Entrepreneur podcast eventMeat and Potatoes: Newbie Deep Dive with guest host Emmelia PowellQuestions posted by our beloved Trappists - this episode, there are none! Too little time. Next episode, things will resume. Probably. If we haven’t killed each other.Culture CornerLinks referred to in the show:Storyteller's live "Bulletproof Entrepreneur" 26th June event thingy: https://homegrownclub.co.uk/events/rockstar-series-founder-of-leon-henry-dimbleby-in-conversation-with-alan-smith/Ask: How to Relate to Anyone: by Dan Solin: https://amzn.eu/d/9mzF9dPThe XPS Transfer Value Tracker, courtesy of Matthew Sinclar and John Cunliffe: https://www.xpsgroup.com/what-we-do/technology-and-trackers/xps-transfer-watch/xps-transfer-value-tracker/Gurwinder Bhogal Examines Human Nature - https://podcasts.apple.com/au/podcast/gurwinder-bhogal-examines-human-nature/id1190896090?i=1000614819713Prof G and Ryan Holliday https://podcasts.apple.com/gb/podcast/lessons-meditations-from-the-stoics-with-ryan-holiday/id1498802610?i=1000615259928============================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 a review of the Adviser 3.0 conference and The Stig’s car crash of financial mistakesMeat and Potatoes: How To Run The Initial Strategy/Blueprint MeetingQuestions posted by our beloved Trappists @burtong1 and @TobiasEvans1Culture CornerLinks referred to in the show:Rational Reminder EP252 at 1h14m in. Burton Malkiel on why it’ll be a long time (if never) before indexing takes over: https://pca.st/1nf20r18#t=1h14m33sTimeline Charts 2023: https://go.timelineapp.co/charts23The Context with Sinead O’Sullivan https://thecurrency.news/articles/117393/the-context-with-sinead-osullivan-part-one-disrupting-time-by-aaron-stark/Metis ireland Recruitment Careers - Metis Ireland | Your Plan, For LifePhilip Donnelly www.twitter.com/@PhilDouglasDon. Doing the 100 Mile Ride London cycle thing on 28th May. Raising money for GOSH: https://www.justgiving.com/fundraising/philip-donn?utm_source=copyLink&utm_medium=fundraising&utm_content=philip-donn&utm_campaign=pfp-share&utm_term=cc51be8c81054d9fb9f3b4ff4276ce87CHC Directors jailed https://www.rte.ie/news/2023/0512/1383276-custom-house-capital/Andy’s new mic - Rode - https://amzn.to/425IJIT ============================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 Carl attending The Real Deal; TRAP being shortlisted for a podcast award; getting encouraged by podcast-meister Steven Bartlett; Berkshire Hathaway 2023 AGM; HUM London and South Africa on the horizon; Lisbon as a decent city breakMeat and Potatoes: Getting To Know YouQuestions posted by our beloved Trappists Tom R and @burtong1    Culture CornerLinks referred to in the show:Interested in coming on the show as a Guest Host? Apply here: https://docs.google.com/forms/d/e/1FAIpQLScspw4v7Jq8Amuas2faXX3oIRxoZH-WdkE-r4zA_h7RoWXlLw/viewform?usp=sf_linkCEK Worldwide Total Client Profile: http://www.cegworldwide.com/downloads/bt-book/eb_ceg_sample_tcp.pdf Just Ask! Graham Eisner  Just Ask! 7 simple steps to unlock the power of clients, generate referrals and double your business PaperbackJames Dyson - Invention: A Life https://amzn.eu/d/dpXxyiPThe Bet: Paul Ehrlich, Julian Simon, and Our Gamble Over Earth’s Future https://amzn.eu/d/6jKIogNMerryn Somerset Webb’s Tweet on why the UK stock market continues to shrink: https://twitter.com/HatTipNick/status/1654228720771641344Decent virtual financial planner website. Kindness Financial Planning, Elliott Appel: What Is It Like Working With a Virtual Financial Planner?On Healing with Brendan Ring https://podcasts.apple.com/ie/podcast/on-healing/id1682268935?i=1000611458696Michael Lewis https://www.pushkin.fm/podcasts/against-the-rules - https://podcasts.apple.com/gb/podcast/against-the-rules-with-michael-lewis/id1455379351 ============================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 possible return of annuities; Colin Lawson’s fresh approach to realising business capital; resolution of the Neil Woodford fiasco; Irish Life causing ripplesMeat and Potatoes: Critical Non-Essentials: refining the client experienceQuestions posted by our beloved Anon (!) and David MilneCulture CornerLinks referred to in the show:Colin Lawson The Elegant ExitBuilt on a Lie: The Rise and Fall of Neil Woodford and the Fate of Middle England's Money Hardcover – 4 Mar. 2021Critical Non-EssentialsAlex Hormozi book - $100m offers $100M Offers: How To Make Offers So Good People Feel Stupid Saying No: Amazon.co.ukPodcast The Bank of Dave Fighting Against the Elite - David Fishwick Tells His Story The Bank of Dave Fighting Against the Elite - David Fishwick Tells His StoryHow to Invest David M. Rubenstein How to Invest David M. Rubenstein UK RPI Charts: UK Retail Price Index (I:UKRPI)FT Adviser Podcast pushing annuities: https://pca.st/te9yp8ylNeil Woodford payout over suing: Taking Woodford payout ‘will mean you cannot sue’All In Pod featuring Space X launch https://podcasts.apple.com/ie/podcast/e125-spacex-launch-fox-news-settlement-zombie-corn/id1502871393?i=1000610141959Irish Life launch Unio Irish Life owner launches new wealth management advisory firm - Independent.ieStephanie Bogan on delivering a Michelin Star client meeting https://www.linkedin.com/pulse/deliver-michelin-star-client-experience-four-steps-stephanie-bogan/Horst Schulze on Twitter https://twitter.com/horstschulze?s=20Nick’s T============================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.