In this episode of the ifa podcast, host Maja Garaca Djurdjevic and Conaill Keniry explore important industry topics, starting with the Quality of Advice Review and proceeding to the relationship between financial advisers and dealer groups. Conaill Keniry, the founder of What If Advice and owner of small dealer group Cobalt Advisers, discusses the power struggle that many advisers face with their dealer groups. Mr Keniry explains that many advisers are unaware of the extent of a dealer group’s control over their business, including their revenue and the release of their clients. He provides several examples of the difficulties experienced by financial advisers and offers tips for those looking to migrate to a new group. Mr Keniry also talks about whether he expects the QAR to create competition among dealer groups to improve their behaviour and treatment of advisers.