In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including Rugby World Cup updates, Messrs Smith & Hart recap HUM Cape Town, AIM investing woes, Progressive Planners Conference, Future You (again), Nucleus buying Curtis Bank
• Meat and Potatoes: What Norway Can Teach HNWs (and their advisers)
• Questions posted by our beloved TRAPists www.twitter.com/@jlaws4  https://twitter.com/principlespf 
• Culture Corner

Links referred to in the show:

• Norway Sovereign Wealth fund: https://www.nbim.no/
• CW: Solar 21: The tale of 3000 clients, 300 brokers and €26 million in “fees and broker commission” https://thecurrency.news/articles/117655/risky-business-will-solar-21-investors-accept-a-hair-shirt-to-avoid-catastrophe/
• AH US Credit Card Debt breaks 1trillion https://www.carsongroup.com/insights/blog/why-1-trillion-in-credit-card-debt-isnt-a-bad-thing/
• NL Bank of England launches hunt for ‘unconscious bias’ in finance industry https://www.telegraph.co.uk/business/2023/09/25/bank-england-launch-hunt-unconscious-bias-finance-industry/#:~:text=The%20Bank%20of%20England%20has,a%20diversity%20and%20inclusion%20push. Another reason why the UK stock market is declining, as we discussed in EP17 https://www.buzzsprout.com/2056762/12602273
• AH - Nick Murray Books - https://www.simplewealthbooks.co.uk/ 
• AH - Downfall of the Crypto King - Extended Version - https://www.bbc.co.uk/programmes/p0gffn3y 
• CW: Another (!!) High-Performance Podcast: David Smith: https://podcasts.apple.com/gb/podcast/facing-death-taught-me-how-to-truly-live-with-david/id1500444735?i=1000628192924

============================
TRAP LIVE25 - 14TH MAY. Click here to purchase tickets.
============================
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 discuss

• Topical issues, including being present and putting our your work, DB transfer factory fines, the complete lack of understanding some peeps have about what it is we do (REAL financial advice)
• Meat and Potatoes: We Need To Talk About Fees
• Questions posted by our beloved TRAPists Jez Heal and Philip Dragoumis
• Culture Corner

Links referred to in the show:

• CW: The Man in the Arena https://youtu.be/A311CnTjfos?si=IQ9JrKPngQkpjp9T
• AS - apparent lack of understanding of lifetime financial planning https://x.com/paulclaireaux/status/1690241891009208320?s=46&t=sRHfdIQon2TfFJRFg7K23w
• AS - who says crime doesn’t pay! https://citywire.com/new-model-adviser/news/fca-fines-ifas-1-3m-over-seriously-flawed-db-transfer-advice/a2424881
• NL: Nice TRAP write-up on the Nucleus wrap website: https://illuminate.nucleusfinancial.com/blog/secrets-top-podcast-stubborn-buggers-decent-egos-loyal-audience?utm_content=262626143&utm_medium=social&utm_source=twitter&hss_channel=tw-107047128
• AS: TRAPist Tom Kenny referencing AbeBooks to access Nick Murray books: https://www.abebooks.com/  
• AH - following on from AS point - https://www.phynancial.co.uk/ 
• AH - Painkiller - White collar drug dealers - Netflix https://www.netflix.com/gb/title/81095069 - Dopesick 
• AS BBC Sounds- The Wolf of Crypto - https://www.bbc.co.uk/sounds/play/m001p6v6 
• NL A Long Time In Finance Podcast: The Nine Lives of Credit Suisse: Part One https://pca.st/yfirtyk0
• CW: Ben Carlson - A Wealth of Common Sense https://awealthofcommonsense.com/2023/09/the-60-40-portfolio-is-alive-well/

=========================== ===

============================
TRAP LIVE25 - 14TH MAY. Click here to purchase tickets.
============================
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 discuss

• Topical 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 birthday
• Meat and Potatoes: Succinct Seminar Success
• Questions posted by our beloved TRAPists @jeu1985 @Financial118
• Culture Corner

Links 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_Weekly
• NL: 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=1700645
• CW: Sports Stars start VC Fund 

England captain Stokes seeks edge with launch of venture fund | Business News | Sky News

• NL: 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/fmln11oz
• NL: Debbie Condon’s Intuitive Support Provider LOA Guide: https://www.intuitivesupportservices.com/quick-links
• NL: 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-avoid
• CW: 10x is Easier than 2x https://www.amazon.co.uk/10x-Easier-Than-World-Class-Entrepreneurs/dp/140196995X

============================
TRAP LIVE25 - 14TH MAY. Click here to purchase tickets.
============================
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 discuss

• Topical issues, including two Morningstar reports, the Buy-to-Let meltdown, gilt pension “protector” funds, sideways markets, and portfolio lending
• Meat and Potatoes: Oh, The Mistakes We’ve Made!
• Questions posted by our beloved TRAPists @wheato1976 and Ian G
• Culture Corner

Links 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.pdf
• Lombard lending https://www.bondsmith.com
• CW: Dr Paddy Barrett Podcast  https://podcasts.apple.com/ie/podcast/how-to-spend-your-life/id1495060929?i=1000622820982
• AH - 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/newsletter
• MorningStar 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

=========================== ===

============================
TRAP LIVE25 - 14TH MAY. Click here to purchase tickets.
============================
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 discuss

• Topical 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 fund
• Meat and Potatoes: How To Survive and Thrive The Summer
• Questions posted by our beloved TRAPists @stevesmithlive & @kieranfowley
• Culture Corner

Links 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=1287904
• Money 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=1
• All Ireland Hurling Final highlights https://youtu.be/BqfQzWChuuc
• Lower Mill Estate Cotswolds - https://www.habitatescapes.com/
• Chris Harvey, party crooner: https://encoremusicians.com/Chris-Harvey
• Human Risk Podcast https://www.humanriskpodcast.com/

=========================== ===

============================
TRAP LIVE25 - 14TH MAY. Click here to purchase tickets.
============================
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 discuss

• A possible TRAP live event in 2024. Please let us know if you would be interested in going by leaving your details in the link below
• Topical 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 rates
• Meat and Potatoes: Fixed Income and Mumbo Jumbo Questionnaires
• Questions posted by our beloved TRAPist - Adam H and Michael Walsh
• Culture Corner

Links 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_link
• Soundcore 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.uk
• https://podcasts.apple.com/gb/podcast/invest-like-the-best-with-patrick-oshaughnessy/id1154105909?i=1000620745533
• Centre 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/1678884881772822531
• Melissa Caddick Story https://podcasts.apple.com/ie/podcast/liar-liar-melissa-caddick-and-the-missing-millions/id1616444281
• High Performance App: https://apps.apple.com/us/app/the-high-performance-app/id1666796864
• Fidelity JISA fees: https://www.fidelity.co.uk/junior-isa/fees-and-charges/#tab-link
• You Are Not So Smart by David McRaney:

============================
TRAP LIVE25 - 14TH MAY. Click here to purchase tickets.
============================
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 discuss

• Three glowing reviews of the podcast, read by Andy in his inimitable style
• Topical 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 Clients
• Questions posted by our beloved TRAPist - @Darren_Bilkey @Bill_n_e_wann @LlewelynBowen @kieranfowley
• Culture Corner

Links referred to in the show:

• Future You 2023 Future You is Returning in September 2023
• DFA Matrix Book https://static1.squarespace.com/static/5a29de13e5dd5b5fb7021e6c/t/645e5f124644cd2b57964f39/1683906326686/matrix-book-2023_usd-us.pdf
• Understand Myself: https://www.understandmyself.com/
• More Perfect podcast - More Perfect on Apple Podcasts 
• McEnroe Documentary McEnroe (2022) Official Trailer | Documentary | SHOWTIME
• Watch AIR | Prime Video 

============================
TRAP LIVE25 - 14TH MAY. Click here to purchase tickets.
============================
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 discuss

• Three glowing reviews of the podcast, read by Andy in his inimitable style
• Topical 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 Strategy
• Questions posted by our beloved TRAPist - Adam Liddelow
• Culture Corner

Links 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_Weekly
• NL: 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.uk
• NL: The Tao of Charlie Munger: https://www.audible.co.uk/pd/Tao-of-Charlie-Munger-Audiobook/B01NCKVLOD?action_code=ASSGB149080119000H&share_location=pdp
• CW: 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 Talk
• CW: Metis Ireland Careers Careers - Metis Ireland | Your Plan, For Life
• AH NExtGen Conference Financial Planning Conference | NextGen Planners 
• AS AI For Business - SME and Financial Services
• AS

============================
TRAP LIVE25 - 14TH MAY. Click here to purchase tickets.
============================
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 discuss

• Three glowing reviews of the podcast, read by Andy in his inimitable style
• Topical issues, including a DB Transfer Value tracker site; eye-watering Quilter charges; Alan having a live Bulletproof Entrepreneur podcast event
• Meat and Potatoes: Newbie Deep Dive with guest host Emmelia Powell
• Questions 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 Corner

Links 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/9mzF9dP
• The 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=1000614819713
• Prof G and Ryan Holliday https://podcasts.apple.com/gb/podcast/lessons-meditations-from-the-stoics-with-ryan-holiday/id1498802610?i=1000615259928

============================
TRAP LIVE25 - 14TH MAY. Click here to purchase tickets.
============================
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 discuss

• Three glowing reviews of the podcast, read by Andy in his inimitable style
• Topical issues, including a review of the Adviser 3.0 conference and The Stig’s car crash of financial mistakes
• Meat and Potatoes: How To Run The Initial Strategy/Blueprint Meeting
• Questions posted by our beloved Trappists @burtong1 and @TobiasEvans1
• Culture Corner

Links 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=1h14m33s
• Timeline Charts 2023: https://go.timelineapp.co/charts23
• The 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 Life
• Philip 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=cc51be8c81054d9fb9f3b4ff4276ce87
• CHC Directors jailed https://www.rte.ie/news/2023/0512/1383276-custom-house-capital/
• Andy’s new mic - Rode - https://amzn.to/425IJIT 

============================
TRAP LIVE25 - 14TH MAY. Click here to purchase tickets.
============================
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.