TRAP: The Real Adviser Podcast

In this latest pile of TRAP, the Trap Pack discussThree glowing reviews of the podcast, read by Andy in his inimitable styleTopical issues, including Mr Hart’s Maven Money podcast breaking through 1M downloads (really); the decline in size of the UK stock market; Chat GPT - a threat?; more nonsense around risk scalesMeat and Potatoes: Man Plans and God Laughs. Whilst planning for the future is important, so is giving clients permission to live their best lives now.Questions posted by our beloved Trappists @TobyHines @emmeliapowellCulture CornerLinks referred to in the show:New podcast from Brad Johnson: https://podcasts.apple.com/ie/podcast/do-business-do-life-the-financial-advisor-podcast-dbdl/id1677151221?i=1000604267590“Unreasonable Hospitality” by Will Guidara: https://www.amazon.co.uk/gp/product/0593418573/ref=x_gr_bb_amazon?ie=UTF8&tag=x_gr_bb_amazon-21&linkCode=as2&camp=1634&creative=6738Audere Consulting: https://audere.com.au/Modern Wisdom podcast: https://open.spotify.com/show/0XrOqvxlqQI6bmdYHuIVnrJP Morgan Guide to the Markets: https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/market-insights/guide-to-the-markets/mi-guide-to-the-markets-uk.pdf=========================== ===============================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 Ireland scraping home against a severely depleted England; massive pension changes in the UK; an MBO with Métis Ireland.Meat and Potatoes: Keep It Simple Stupid (KISS). Why do so many overcomplicate?Questions posted by our beloved Trappists @matt_aitchison, Colin BatesCulture CornerLinks referred to in the show:NL: Inside Vanguard: Leadership Secrets From the Company That Continues to Rewrite the Rules of the Investing BusinessAS: BBC iPlayer - Billion Dollar Downfall: The DealmakerAS: Ravenous: How to get ourselves and our planet into shape Kindle EditionCW: 6 – The Kerry Babies Murder & familial false confessions Mens Rea: A true crime podcastNick’s Loom video re simple, repeatable, scalable workflows: https://www.loom.com/share/8b2724bccaf3410d830194b6ddeb641fRoger Edwards Tweet on how hard it is to keep things simple: https://twitter.com/Roger_Edwards/status/1638224572058050584AH Modern Wisdom https://modernwisdom.libsyn.com/385-gurwinder-bhogal NL: Yodelar, a brilliant one-stop website for dissecting expensive Wealth Managers. Here’s a demolition job on Fisher Investments: https://www.yodelar.com/insights/fisher-investments-review?fbclid=IwAR1yiwT1wJmYlMurCQCMmQ27MAW6thDhvOf-Kf--zzqesWdGN-6CtT6BZHEAEGON reduces cash interest rates on its platform, as savings rates rise! https://citywire.com/new-model-adviser/news/aegon-slashes-platform-interest-on-cash-amid-boe-rate-hikes/a2411936Our first twitter thread https://twitter.com/simonjgladding/status/1639235645280493569?s=46&t=sRHfdIQon2TfFJRFg7K23wMetis Ireland complete MBO https://metisireland.ie/metis-ireland-now-wholly-owned-by-its-staff-============================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 St Patrick’s Day Special latest pile of TRAP, the Trap Pack discussThree glowing reviews of the podcast, read by Andy in his inimitable styleTopical issues, including one IFA saving a client from a £450,000 fraud; the road to hell that is pension Lifestyling; the unbelievably rapid demise of the Vanguard advice experimentMeat and Potatoes: St James’s Place - a commercial behemoth. But at what cost?Questions posted by our beloved Trappists @RossTaylorFP @cianmetiscfpCulture CornerLinks referred to in the show:Something to put in front of your vulnerable clients re scam dangers: https://www.dropbox.com/s/fa9vvp5eyq16io8/20230309%20How%20Frauds%20Work%20and%20How%20To%20Avoid%20Being%20a%20Victim.docx?dl=0Vanguard chief defends decision to pull asset manager out of climate alliance https://on.ft.com/3EnzwlUList of things Vanguard said they couldn’t or wouldn’t advise on: https://www.professionaladviser.com/news/4030168/reasons-stay-away-vanguard-lists-strict-criteria-advice-serviceAndy’s Money Marketing article of 10th February: https://www.moneymarketing.co.uk/opinion/andy-hart-financial-advice-will-always-be-a-luxury-product/Black Rock pulls out of US robo advice market: https://citywire.com/pro-buyer/news/ritholtz-buys-book-of-biz-from-blackrocks-shuttering-robo-advisor/a2410658AS: Experiments in Advisor Marketing   https://pca.st/episode/65863b6f-524b-457f-a406-2ab1b57fab3fNL: Business Breakdowns: IPL: The World’s Fastest Growing Sports League https://pca.st/0x2iywpxAH: Morgan Housel podcast - https://podcasts.apple.com/us/podcast/the-morgan-housel-podcast/id1675310669 CW: Bloomberg explainer on SVB debacle https://www.bloomberg.com/opinion/articles/2023-03-10/startup-bank-had-a-startup-bank-run?utm_source=website&utm_medium=share&utm_campaign=copy=========================== ===============================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 positive feedback on the previous episode 13; the ridiculousness of fund risk ratingsMeat and Potatoes: Why ambiguity is such an inherent part of real financial planning. And the Trap Pack’s top tips for newbies to this mighty profession.Questions posted by our beloved Trappists @joshgerstler @dirkgroeneveld @ComradesNicCulture CornerLinks referred to in the show:Redefining the Retirement Income Goal by David Blanchett: https://blogs.cfainstitute.org/investor/2023/02/09/redefining-the-retirement-income-goal/Stuart Kirk on the FT Money show: https://pca.st/episode/56643c2a-8d30-4797-8d13-80b4f5fc601d Charlie Munger Daily Journal 2022 https://www.youtube.com/watch?v=9VVPO3KWj3A&t=7894s Abe’s conference: Adviser 3.0Carl’s book: https://www.audible.co.uk/pd/Vivid-Vision-A-Remarkable-Tool-for-Aligning-Your-Business-Around-a-Shared-Vision-of-the-Future-Audiobook/B07RYN3D5R?eac_link=czAmma8BEMx3&ref=web_search_eac_asin_1&eac_selected_type=asin&eac_selected=B07RYN3D5R&qid=dMh1tmNve9&eac_id=260-7128613-5251256_dMh1tmNve9&sr=1-1Morgan Housel podcast with Prof G: https://podcasts.apple.com/gb/podcast/the-psychology-of-money-with-morgan-housel/id1498802610?i=1000601235289https://twitter.com/alanjlsmith/status/1525117666788143104?s=46&t=HybIyJF1scu8BFCL0L4hIgIFA Forum: http://www.tiny.cc/ifaforum============================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 the PFS’s escalating legal bills; an as-yet-unnamed IFA with his/her/their fingers in the till; VCTs - good enough for Nick but not for clients; Value for Money Statements; our Trappist Six Nations meet and greet at The Royal Oak, MaryleboneThree glowing reviews of the podcast, read by Andy in his inimitable styleMeat and Potatoes: helping clients transition to the next stage whilst also looking after our own mental wellbeingQuestions posted by our beloved Trappists @RightGilmore @matt_tumbersCulture CornerLinks referred to in the show:PFS legal costs were £800,000 in 2022: https://citywire.com/new-model-adviser/news/pfs-spent-800000-on-cii-legal-and-loan-advice/a2407879Rory Sutherland on Ep190 of Modern Wisdom: https://pca.st/bu1c0b91A Path Through The Jungle: https://www.audible.co.uk/pd/A-Path-through-the-Jungle-Audiobook/B09JSYVLGX Maro Itoje podcast: https://podcasts.apple.com/gb/podcast/e176-maro-itoje-the-distinction-between-high/id1500444735?i=1000598153649Carl’s blog for himself: https://metisireland.ie/put-on-your-own-mask-first-my-mission-for-2023/John Dashfiled question stack: https://clientcentredadvisers.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.

The podcast covers topics like client acquisition process, leveraging LinkedIn for business growth, navigating investments for high net worth clients, and social media trends. Guests discuss pension changes in Ireland and early retirement impacts in the UK, emphasizing systematic work and client relationships.

The Trap Pack discusses client acquisition process, Monk Mode lifestyle, winning clients in financial advisory, creating positive work environments, corruption in Sicily, and the Shaping Wealth program for advisors. They also share insights on sports events, client asset security, and the Netflix series Bad Sisters.

The TRAP podcast explores topical issues like the spat between CII and PFS, the Consumer Duty in financial services, and a discussion on fees. They also touch on the challenges of regulatory changes and optimizing fee structures for financial advisory services.

In this TRAP Christmas Special, the Trap Pack devote an entire show to answering questions from our beloved Trappists.On that note: the Pack would like to say a big “thank you” to all our dear Trappists who have made the show a success to date. We have plans to develop the show further and can only do it with the boost to our egos your feedback and support give us.We wish all of you a very Happy Christmas and hope you smash 2023! And please keep sharing TRAP with your peers and colleagues.Now, on with the show, in which the Trap Pack answers questions from our beloved Trappists @matt_aitchison @matt_tumbers @EssentiallyLtd @benjaminalves10 @mantaromoney @Mr_Munker @FaithLiversedge @AmGhai @JPotter5 @jambohughes1 @RobS_Kingmakers @PhilDouglasDon @joefroudfpfs @thefinancialP70 @darbiter @bluewaterfp============================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 chaps discussWhich coaches and external influences have had the most impact on our development as financial planners/peopleBusiness planning for the next 12 months: who does this and why?The Trap Pack answers questions from our beloved Trappists @gp_mantini and Ben FCulture CornerLinks referred to in the show:Artificial Intelligence: ChatGPT: Optimizing Language Models for DialogueThe Godfather, Mario Puzo: https://www.amazon.co.uk/Godfather-Mario-Puzo-ebook/dp/B009GJ870QUK Tax App: Android: https://play.google.com/store/apps/details?id=com.geekycoders.uktaxcalculators&hl=en_GB&gl=USApple: https://.apps.apple.com/gb/app/uk-tax-calculators-2022-2023/id460977743============================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.