In The Slipstream

Podcast with Jenny Brown Show Notes

In this episode, we talk with Jenny Brown of JBS Financial Strategists about FASEA, the Royal Commission and other matters relevant to the future of the financial planning profession. Amongst a range of interesting topics, we discuss doing further study, the increased requirement for professional development in the field of ethics and bringing on the next generation of advisers.

Jenny also shares her thoughts about creating an enjoyable environment for clients and team members, the vision of her future firm along with some interesting personal aspirations.

Jenny’s contact details are

Email: [email protected]

Phone: (03) 8677 0688

Web: http://jbsfinancial.com.au/

Twitter: JBSFinancialJB

Linked In: https://www.linkedin.com/in/jennybrownjbs/

Scott’s contact details are:

Email: [email protected]

Phone: 0409 870 330

Web: www.slipstreamcoaching.com.au

Twitter: ScottCharlton1

Linked In: www.linkedin.com/in/scottcharlton

To take an interest in Tim Lane’s music

Facebook: The Backstreet Agenda. (Please go and Like this page.)

Website: www.thebackstickagenda.com/

To see film clips and to hear Tim’s music: https://thebackstickagenda.bandcamp.com/

(To purchase Tim’s music, you need to register on Bandcamp before you can download.)

Podcast with Leonie HenryUpon reflection - a practitioner’s journey Show Notes

In this episode we talk with Leonie Henry, the founder of Henry Financial Group about her time in practice and now, her life in retirement.

Amongst a range of interesting topics, we discuss fee for service, pricing one’s services and running the business in line with some core philosophies.

Leonie also shares some interesting aspects about exiting her business. The ultimate exit was not the first route that Leonie tried. In fact there were several options explored before a successor came on the scene. That turned out to be a very successful path and now it is clear that there is a vibrant future for Henry Financial Group well beyond the service of its founder.

Throughout the conversation, it’s interesting to hear what Leonie has to share looking back on her time in business, from the position of now being happily retired.

Slipstream's Breakaway Workshop - slipstreamcoaching.com.au/business-planning

Scott’s contact details are:

Email: [email protected]

Phone: 0409 870 330

Web: www.slipstreamcoaching.com.au

Twitter: ScottCharlton1

Linked In: www.linkedin.com/in/scottcharlton

Music provided by Tim Lane

Facebook: The Backstreet Agenda. (Please go and Like this page.)

Website: www.thebackstickagenda.com/

To see film clips and to hear Tim’s music: https://thebackstickagenda.bandcamp.com/

(To purchase Tim’s music, you need to register on Bandcamp before you can download.)

In this episode, we talk with Tim Lane of Centurion Market makers about practice valuations. Amongst a range of interesting topics, we explore trends in valuation including why there is a difference between CBD firms and regional firms. For planners, we also canvass discuss the impact that the Royal Commission and FASEA may have on valuations and of course, we touch upon the perennial issues of recurring revenue and BOLA’s for financial planning firms. For accountants we consider the favourable valuation impact of introducing a monthly recurring revenue model.

Listeners will also hear about the complimentary telephone consultation that Tim offers to other practitioners about practice valuation.

Tim also shares some interesting aspects from his experience with respect to developing a speciality within one’s firm – accumulating the expertise, systems, team members, marketing and strategic partnership.

On top of all this, we look at the musical career that Tim has forged for himself and his group The Backstick Agenda alongside his day job at Centurion.

Tim Lane’s contact details are

Email: [email protected]

Phone: 1300 766 156

Mobile: 0409 792 798

Web: https://centurionmarketmakers.com.au/

Linked In: https://www.linkedin.com/in/tim-lane-3513719/

Keep in mind the complimentary (and highly valuable!) consultation that Tim offers to practitioners regarding practice valuation and related issues – partnership matters, entry of new partners etc.

To take an interest in Tim’s music

Facebook: The Backstreet Agenda. (Please go and Like this page.)

Website: www.thebackstickagenda.com/

To see film clips and to hear Tim’s music: https://thebackstickagenda.bandcamp.com/

(To purchase Tim’s music, you need to register on Bandcamp before you can download.)

Scott’s contact details are:

Email: [email protected]

Phone: 0409 870 330

Web: www.slipstreamcoaching.com.au

Twitter: ScottCharlton1

Linked In: www.linkedin.com/in/scottcharlton

In this episode, we talk with Steve Bakker of Business IT Professionals (BITP) about Cyber Security and Coming Back from Retirement.

On the matter of Cyber Security, we discuss the very real threat of a cyber attack and the potential ramifications. Clearly, this is not an issue to be taken lightly…or ignore altogether. Steve explains some of the particular risks for accounting and financial planning firms, including working out of the office and in the home environment. He also outlines some prudent preventative measures along with reasons to avoid the free WI-FI in hotels, travel lounges and other public places. Details of a preliminary cyber security assessment service provided by BITP are also discussed.

In addition to the main topic of the podcast, Steve further shares some interesting perspectives on the notion of retirement and living a meaningful life in the present. This is based in no small measure on Steve’s personal experience – being retired then coming back into the workforce. You will most likely find this section of the podcast to be quite thought-provoking.

Exclusive offer to the audience of In the Slipstream FM

For listeners to this podcast, BITP provides a cyber security review service on favourable terms. There are three variations on the service – Telephone; Over the Internet and On Site. Listeners who are interested in this opportunity should contact Steve Bakker directly, mentioning this podcast to secure the offer which is available.

SWOT Analysis

In the Coach’s Corner segment of this episode, Scott discusses using a SWOT Analysis framework to consider various parts of one’s business, using an SMSF division in an accounting firm as an example. If you are interested in the framework and/or the example, please email Scott at the address below.

Steve Bakker’s contact details are

Email: [email protected]

Phone: 0488 801 444

Web: https://www.bitp.com.au/

Linked In: https://www.linkedin.com/in/steve-bakker-bris/

Scott’s contact details are:

Email: [email protected]

Phone: 0409 870 330

Web: www.slipstreamcoaching.com.au

Twitter: ScottCharlton1

Linked In: www.linkedin.com/in/scottcharlton

Podcast with Natalie Lennon

In this episode, entitled Free to Fly, we talk with Natalie Lennon CA of Two Sides Accounting. Amongst a range of interesting topics, we discuss taking the path less travelled and setting up one’s own firm from scratch. From there we also explore how feasible it is to quickly develop beyond business start up to where you are on a serious growth path.

Throughout the interview Natalie also shares some interesting aspects about her journey. Natalie’s infectious enthusiasm shines through, along with her preparedness to investigate available software apps to create a very sophisticated set of capabilities which enables her to offer a terrific service to clients in a cost effective manner for the business. It’s well worth a listen!

Then in the Coach’s Corner segment, Scott looks at what he’s seeing amongst successful professional service firms and delivers some helpful suggestions in terms of how you might follow in the footsteps of these high performers.

Natalie Lennon’s contact details are

Email: [email protected]

Phone: 0405 385 207

Web: www.twosidesatc.com.au

Twitter: @twosidesatc

Linked In: www.linkedin.com/in/natalielennon/

Scott Charlton’s contact details are:

Email: [email protected]

Phone: 0409 870 330

Web: www.slipstreamcoaching.com.au

Twitter: ScottCharlton1

Linked In: www.linkedin.com/in/scottcharlton

The FASEA requirements with Neil Kendall

In this episode, we talk with Neil Kendall about the pending Financial Adviser Standards and Ethics Authority (FASEA) requirements. In a wide ranging interview, we cover many aspects of FASEA and what this will mean for financial advisers. Amongst a range of highly relevant topics, we discuss the qualifications required of advisers, the FASEA exam and what the approved code of ethics course is likely to entail. We also look at the situation for new advisers entering the financial planning profession and what will be expected of them in order to become fully qualified, including the proposed Professional Year. The expectations for CPD are also canvassed, particularly in relation to professional standards and ethics.

Neil also shares his expectations with respect to how FASEA will impact stock brokers, risk specialists and accountants. His analogy relating to the medical profession here is particularly illuminating.

Resources

The consultation papers released by FASEA referred to on during this podcast can be found on the FASEA website: www.fasea.com.au

The resources provided by the Financial Planning Association (FPA) are available on the FPA website: www.fpa.com.au. These can be found within: Advocacy; Policy issues; Education and professional standards requirements. The infographics on for existing financial planners and for new entrants are particularly helpful and hence are highly recommended.

Scott’s book, Your Professional Headspace was also mentioned, due to the content it includes in Chapter 14 on going back to study. For more information about the book or to purchase go to www.scottcharlton.com.au/author/

Scott Charlton’s contact details are:

Email: [email protected]

Phone: 0409 870 330

Web: www.slipstreamcoaching.com.au

Twitter: ScottCharlton1

Linked In: www.linkedin.com/in/scottcharlton

In this episode we talk with Denise Gibbons, Chartered Accountant and Certified Financial Planner, about Life as a Practitioner and Beyond.

Amongst a diverse range of interesting topics, we discuss having a personal advisory board, challenges for mothers who also have careers, family friendly businesses, Toastmasters and respecting one’s brain.

Denise also shares some practical tips for women forging careers, dealing with Imposter Syndrome and how to handle committees where female opinions have traditionally been overlooked.

We talk about the book Denise has written – her objective in writing it, the process she went through and the messages she has incorporated within. We also touch upon the Women’s Empowerment and Leadership Program that Denise has developed and is now running.

In the Coach’s Corner segment, you’ll hear Scott speaking about two elements he considers essential for the website of professional practices – “About You” and “Client Case Studies”. It’s Scott’s view that these elements will help to distinguish your website from your competitors.

Resources

Denise’s book is entitled Women as Leaders. The world needs you. It is available for purchase from her website: http://denise-gibbons.com/books/

You can get onto Denise’s mailing list, check out her weekly blog and download a free chapter of her book from her website.

Details of Denise’s programs can be found at: http://denise-gibbons.com/programs/

If you’d like to know more about Transition Planning Australia, either as an adviser or as a client, details can be found at: http://transitionplan.com.au/

The other book Denise referred to is Your Brain at Work by David Rock. The book, a summary of it and an audio recording can be readily found with a Google search.

Denise’s contact details are

Email: [email protected]

Phone: 0418 621 294

Web: www.denise-gibbons.com

Twitter: denise_gibbons9

Linked In: www.linkedin.com/in/womensleadershipspecialist/

Scott’s contact details are:

Email: [email protected]

Phone: 0409 870 330

Web: www.slipstreamcoaching.com.au

Twitter: ScottCharlton1

Linked In: www.linkedin.com/in/scottcharlton

In this episode we talk with Greg Perks of Perks Wealth Management about Multidisciplinary Practice. Amongst a range of interesting topics, we discuss fostering referrals, ensuring clients get offered all the services they should be offered, fostering the right culture across the various disciplines and technology solutions to tie it all together.

Greg also shares some interesting aspects about his personal journey, from Chartered Accountant to Financial Planner and his views regarding where multi disciplinary practice is heading in the future.

To find out more about Xeppo

Web: www.xeppo.com.au

Greg Perks’ contact details are

Email: [email protected]

Phone: 08 8273 9210

Web: www.perks.com.au

Linked In: www.linkedin.com/in/gregperks/

Scott’s contact details are:

Email: [email protected]

Phone: 0409 870 330

Web: www.slipstreamcoaching.com.au

Twitter: ScottCharlton1

Linked In: www.linkedin.com/in/scottcharlton

In this episode we talk with Jon Ryall of Frontline Accounting about The case for offshoring.

Jon is well qualified to discuss this topic as he is both a consumer and provider of these services. Jon shares some very practical information about how offshoring works in practice, all of which is based upon his own experience.

For anyone who has been contemplating whether or not to use offshoring in their business, this episode is a must-listen episode.

Resources

There were two books of offshoring referred to in the episode –

Jon’s contact details are

Email: [email protected]

Web: www.frontlineaccounting.com

Twitter: @JonRyallCA

Linked In: www.linkedin.com/in/jonryall/

Scott’s contact details are:

Email: [email protected]

Phone: 0409 870 330

Web: www.slipstreamcoaching.com.au

Twitter: @ScottCharlton1

Linked In: www.linkedin.com/in/scottcharlton

In this episode we engage in a wide ranging discussion with Julienne Barton of Sureal about Harnessing the power of you and your team. Amongst a number of interesting topics, we discuss personal success, career development, teamwork, leadership and recruitment – all significant aspects of human resources for accounting and financial planning practitioners.

Along the way, Julienne also shares some interesting scenarios based on “Patricia Practitioner” and her business partner “Ian” to illustrates how working relationships can be enhanced with greater understanding of oneself and others. Julienne makes the point that it’s not so much about interacting with colleagues on how oneself likes to be dealt with but rather, being able to see things from someone else’s perspective and deal with them as they like to be dealt with.

A key part of Julienne’s consulting framework is based around her extensive knowledge and use of Instinctive Drives encapsulated by the “ID system”. There are numerous examples and explanations provided by Julienne which are illuminated by knowing the ID’s of the practitioners involved.

Resources For more information about the ID profile system and to get your own profile prepared (AUS$50), go to www.instinctivedrives.com

Julienne’s contact details are

Email: [email protected] Phone: 0418 764 219 Web: www.sureal.com.au Julienne is also contactable on Linked In: www.linkedin.com/in/julienne-barton-80b105

Scott’s contact details are:

Email: [email protected] Phone: 0409 870 330 Web: www.slipstreamcoaching.com.au Twitter: ScottCharlton1 Linked In: www.linkedin.com/in/scottcharlton