TRAP: The Real Adviser Podcast

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In this latest pile of TRAP, the Trap Pack discuss

• Topical Titbits including HUM recap, Canada Life adviser resources, risk tolerances don’t change over time, crypto update (stay awake), Budget ripples and financial planning, new Irish health insurer, Labour to back FOS over charging vexatious claims, Canada Life 100+ resources, Sam Altman interviewed by Nicolai Tangen, the world’s most transparent fund, Fundsmith AGM, cash on platforms (again) 
• Meat and Potatoes: Completely Unnecessary Complications (CUC)
• TRAPist question(s) from www.twitter.com/arongunningham  https://www.linkedin.com/in/arongunningham/ and “K Pennypacker”
• Culture Corner

Show links: http://tiny.cc/traplinks

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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:

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• 'Enjoy' the Twitter chat at @AdviserPodcast.

Click HERE to send the TRAP Pack a message

In this latest pile of TRAP, the Trap Pack discuss

• Topical Titbits including Budget analysis both onshore and offshore peeps, 5% AUM acquisition models, more (potential) Irish fraud, SJP new charging model going down like a bucket of cold vomit, a UK Ponzi scheme, the struggles of a young adviser, Métis Norway hiring yet again, a Bulletproof MBA course
• Meat and Potatoes: Adviser YouTube Mastery With James Shack(ell)
• TRAPist question(s) from www.twitter.com/conor_beaumont https://www.linkedin.com/in/conor-beaumont
• Culture Corner

Show links: http://tiny.cc/traplinks. Chris Emmott's execellent guide to the Budget for international clients is here: https://www.dropbox.com/scl/fi/l04c9aedyexqt3f8blgpv/Budget-Summary-for-International-and-Overseas-Affected-Clients-EBG-International.pdf?rlkey=oihbam52ceydltqsafi9ly62i&dl=0

============================
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.

Click HERE to send the TRAP Pack a message

In this latest pile of TRAP, the Trap Pack discuss

• Topical Titbits including Irish pension funding changes, FT article on how risk has been so misunderstood, art scams, adviser fee levels, FCA reviews of ongoing services and consolidators
• Meat and Potatoes: Full Fit Financial Planning
• Culture Corner

Show links: http://tiny.cc/traplinks

============================
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.

Click HERE to send the TRAP Pack a message

In this latest pile of TRAP, the Trap Pack discuss

• Topical Titbits including conflicts of interest, Mind The Gap, why the bucket approach works, CTFs, Kathleen Gallagher on wealth managers fiddling with the graphs, UK and Irish budget forecasts/reactions, Keith Butten (Boosst) masterclass, new HL active savings site, four things clients value most from advisers
• Meat and Potatoes: Slow Motion Wealth Destruction
• Questions posted by our beloved TRAPist Adam Ellul www.linkedin.com/in/AdamEllul
• Culture Corner

Show links: http://tiny.cc/traplinks

============================
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.

Click HERE to send the TRAP Pack a message

In this latest pile of TRAP, the Trap Pack discuss

• Topical Titbits
• Meat and Potatoes: Breaking Bad News
• Questions posted by our beloved TRAPist Darren F: http://linkedin.com/in/darren-ford-dipfa-65452a96
• Culture Corner

Show links: http://tiny.cc/traplinks

============================
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.

Click HERE to send the TRAP Pack a message

Because of scheduling issues, we had to record this episode over a week before its release. An hour after recording, the scrapping of the idiotic "British ISA" was announced. That's why we don't mention it. We may do next episode. Don't bank on it #AbsoluteShambles

In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including DFA movie premiere, TRAP saying “No” to Tough Mudder in 2024, private equity to retail investors, protection review, Standard Life retirement survey, Budget what-ifs, Norges Bank
• Meat and Potatoes: Efficient Market Hype
• Questions posted by our beloved TRAPist www.twitter.com/pdragoumis
• Culture Corner

Show links: http://tiny.cc/traplinks

============================
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.

Click HERE to send the TRAP Pack a message

In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including more Irish fraud, US rookie adviser failure rate, UK IFA profitability trends, Central Bank of Ireland on crypto, BestInvest’s Spot The Dog, Vanguard getting “expensive”, SJP and Polaris, boring CVs, US pension horror stories, another AI startup
• Meat and Potatoes: KPIs - Key People of Influence
• Questions posted by our beloved TRAPists Russ M and Ollie L (neither had socials)
• Culture Corner

Links referred to in the show:

• NL: turns out Hargreaves Lansdown DOES have a Slavery Policy. FFS. Goodnight, UK plc: https://x.com/HatTipNick/status/1824716616099156147
• CW: Investment Fraud alive and well in Ireland https://www.rte.ie/news/ireland/2024/0823/1466327-investment-fraud/#:~:text='Staggering'%20rise%20in%20investment%20fraud,%E2%82%AC28m%20stolen%20last%20year&text=Garda%C3%AD%20have%20warned%20of%20a,than%202021%20and%202022%20combined
• NL: Cerulli 2023 report into US adviser numbers and rookie failures: https://www.cerulli.com/press-releases/the-financial-advisor-industry-has-a-headcount-problem H/T to Ermos Erotocritou CFP https://www.linkedin.com/in/ermos?miniProfileUrn=urn%3Ali%3Afsd_profile%3AACoAAAIJTVEBxQYOFu0tzywLz5MvLmC_1bYQ2yo&lipi=urn%3Ali%3Apage%3Ad_flagship3_detail_base%3BXD36DPgCTYWqsIEDTo2ciQ%3D%3D
• AS adviser profitability trends https://www.professionaladviser.com/news/4343067/profits-financial-adviser-firms 
• AH - HL cash rates https://www.hl.co.uk/charges-and-interest-rates - Trading 212 5.2% to 5% - Transact 4.95% - CD Impact - What do DFMs pay. 
• CW: The Central Bank of Ireland view on Cryptocurrency https://www.centralbank.ie/consumer-hub/crypto-consumer-information#:~:text=Crypto%20is%20not%20a%20regulated,crypto%20and%20crypto-related%20products
• NL: https://www.ft.com/content/495a5329-c4f7-4731-938d-a

============================
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.

Click HERE to send the TRAP Pack a message

In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including FPSB Ireland making great strides, Truflation, the primacy of equities, CISI Chartered Status, Verve Incubator, Hargreaves Lansdown delisting, HUM London nearly sold out
• Meat and Potatoes: Much Ado About Nothing
• Questions posted by our beloved TRAPist https://twitter.com/JoinedUpJill
• Culture Corner

Links referred to in the show:

• Shrinking advice market https://www.moneymarketing.co.uk/news/access-to-advice-shrinking-as-firms-focus-on-clients-with-higher-assets/ 
• https://citywire.com/new-model-adviser/news/we-culled-20-of-our-clients-advisers-on-consumer-duty-one-year-on/a2447375?re=122463&refea=2113338&link_id=1678599 
• AH - FT Funds offering protection from volatility fail to deliver in sell-off - https://www.ft.com/content/2d2ce18b-f842-4912-babf-f4b8c1190c0d 
• CW - FPSB Ireland - 5-year strategic plan https://www.fpsb.ie/cfp-professionals-area/financial-planning-awareness/
• AS - Truflation - 37% since 2020 (BofE says 23% CPI!) https://truflation.com/calculator 
• NL - despite recent market downside volatility, equities retain primacy: https://monevator.com/us-historical-asset-class-returns/
• AS - CISI creates Chartered status based on a number of years working. 
• CW: Mind-boggling Irish pillar bank profits https://www.rte.ie/news/business/2024/0731/1462736-bank-of-ireland-h1-results/
• AS - Verve adviser incubator- last cohort of 2024 https://www.professionaladviser.com/interview/4342130/adviser-incubator-meet-graduate-rebecca-bonner
• AH - Kyle Walker divorce papers made public - https://assets.caselaw.nationalarchives.gov.uk/ewfc/b/2024/212/ewfc_b_2024_212.pdf 
• NL/AH - Hargreaves Landsdown delisting: will the last company to leave UK plc please turn off the lights: https://www.thisism

============================
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.

Click HERE to send the TRAP Pack a message

In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including cyber security, Monzo pensions, DFA Matrix Book, Métis Ireland work award, Consumer Duty one year on, stupid market predictions from Morgan Stanley
• Meat and Potatoes: What’s Risk Got To Do With It?
• Questions posted by NO beloved TRAPist because of time
• Culture Corner

Links referred to in the show:

• Meat and Potatoes backstory:
  https://www.linkedin.com/posts/hattipnick_alan-smith-alanjlsmith-on-x-activity-7222193905272791040-cjlJ?utm_source=share&utm_medium=member_android
  https://x.com/alanjlsmith/status/1815729851082400199?s=46
• AH - Wealth giant Evelyn up for sale as Permira seeks exit for £1.5bn - https://www.thetimes.com/business-money/companies/article/wealth-giant-evelyn-up-for-sale-as-permira-seeks-exit-for-15bn-gtcnw2s5f 
• AS - Monzo pensions https://monzo.com/pensions 
• AS - New DFA Matrix book is out https://tinyurl.com/4bmxwsne 
• CW: Metis Ireland featured in Best Places to Work https://www.linkedin.com/feed/update/urn:li:ugcPost:7218177619588976640/?actorCompanyId=1912648
• CW: Morgan Stanley - “markets should brace for a 10% correction”https://www.independent.ie/business/world/markets-should-brace-for-a-stocks-correction-of-10pc/a2102767540.html?mc_cid=97232c45dc&mc_eid=f47c629345
• AS - advice to younger financial planners https://www.linkedin.com/pulse/my-advice-financial-planners-entrepreneurs-alan-smith--ckkae?utm_source=share&utm_medium=member_ios&utm_campaign=share_via 
• AS -  Swim With The Sharks Without Being Eaten Alive: Outsell, Outmanage, Outmotivate and Outnegotiate your Competition https://amzn.eu/d/03sTVyQm 
• NL: The Great Post Office Scandal by Nick Wallis: https://www.amazon.co.uk/Great-Post-Office-Scandal-multimillion/dp/1916302386
• CW: Do Business, Do Life Podca

============================
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.

Click HERE to send the TRAP Pack a message

Della Voce was bobbing along lost somewhere in the Atlantic; Storyteller was in an internet-lousy Turkey. So we had a guest host in Samantha Russell, a “Chief Evangelist” or something. Check out her profile here: https://www.linkedin.com/in/samanthacrussell/recent-activity/all/

In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including the Euros, TRAP’s first award (yes, really), IRIS, JP Morgan Guide to Retirement, Powerball winners fleeced, humans trusted more than AI (no shit), Schroders Adviser Survey 2024, Tavistock v Titan, 
• Meat and Potatoes: Universal Marketing Truths
• Questions posted by our beloved TRAPist Jake: https://www.linkedin.com/in/jacob-parsons1664
• Culture Corner

Links referred to in the show:

• Sam - https://news.northwesternmutual.com/planning-and-progress-study-2024 (People of all generations trust humans significantly more than AI when it comes to helping them with their financial plans, 
• NL - IRIS tax-return software: https://www.iris.co.uk/products/iris-elements/tax/
• AH - JP Morgan Guide to Retirement 2024 PDF https://am.jpmorgan.com/us/en/asset-management/institutional/insights/retirement-insights/guide-to-retirement/ 
• NL - US$60M Powerball winners fleeced by commission-based adviser: https://www.wsj.com/finance/investing/a-couple-won-the-powerball-investing-it-turned-into-tragedy-fc8fd31c?st=2kwdddr07zzvgb4&reflink=desktopwebshare_permalink
• AH https://advisoryai.com/ 
• Sam - wealth in America Edelman financial engines https://www.edelmanfinancialengines.com/wealth-in-america-2023 
• NL: Schroders Adviser Survey 2024: https://mybrand.schroders.com/m/698c9b0d5bf92c4/original/Schroders-Adviser-Pulse-Survey-2024.pdf
• AS - Tavistock/Titan debacle https://www.cityam.com/titan-and-tavistock-descend-into-legal-spat-over-sustained-period-of-unacceptable-performance/ 
• NL: friend of the show Banke

============================
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.