Challenge the Standard in Financial Advice

We're joined this week by Jim Stackpool of Certainty Advice Group, a long-time advocate of the sheer power of great financial advice...and a fierce defender of advisers charging appropriately for the immense value they bring to their clients lives.  Throw in the impact his work has had on Jordan's views over his career, and the ground is fertile for some strong opinions, thoughts and views.  We discuss: Why financial advisers are invariably poor business people Why advisers greatest gifts make them so bad at pricing their service Jim's list of things adviser businesses should do to leap from practice to Business-with-a-capital-B His vision for the role of a Principal Adviser in a clients financial lives - and how they can help them pursue their unique aspirations, while meeting their ongoing and important needs.  It wasn't all agreement the whole way through either, which made the episode that much more fun to record.    You can now get CPD points for listening to two knuckleheads (and guests!) wax lyrical about financial advice for an hour at a time.  CPD For this Episode: https://quiz.cpdcheck.com/CHAL-26111221-27340001 Thanks again to the team at CPD Check for letting us publish our episodes using their AI-CPD certifying engine. Check out Clayton's episode on the pod for more info.        Nathan: [email protected] www.nathanfradley.com.au Jordan: [email protected] www.planningsolo.com.au LinkedIn:  Challenge the Standard in Financial Advice (Podcast): Overview | LinkedIn The information contained in this podcast is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. Jordan and Nathan are both authorised representatives of PlanningSolo Licensing, AFS Licence 526143.   

How well do you think you know the rules around conflicted remuneration? Leaning on research Nathan's been doing, this week we chat about: The looooonnngggg path we've taken to get to where we are What IS and what ISN'T considered conflicted Why morality isn't a driving force in the regulatory environment How conflicted rem can affect the payER and the payEE under the rules And just how much the adviser remuneration landscape has changed in the heady days since FOFA. Plus, Jordan's frustration with a world that has the temerity to disagree with him boils over yet again, much to the enjoyment of those fans of futile rants and raves. You can now get CPD points for listening to two knuckleheads (and guests!) wax lyrical about financial advice for an hour at a time.  CPD For this Episode: https://quiz.ensombl.com/NATH-26021111-24240001  Thanks again to the team at CPD Check for letting us publish our episodes using their AI-CPD certifying engine. Check out Clayton's episode on the pod for more info.    Nathan: [email protected] www.nathanfradley.com.au Jordan: [email protected] www.planningsolo.com.au LinkedIn:  Challenge the Standard in Financial Advice (Podcast): Overview | LinkedIn The information contained in this podcast is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. Jordan and Nathan are both authorised representatives of PlanningSolo Licensing, AFS Licence 526143.   

In this week's episode, Nadia Docker from Kinetic Compliance comes on to share her insights about the ever-changing compliance landscape we advisers have to trudge through. She answers quickfire questions on: Regulatory changes Why your SoA sucks Data security Wholesale investments And of course, "Can I use an ROA for this?" Nadia also valiantly works on making Jordan and Nathan get on board the AML/CTF train. They're...resistant.  Also, despite being mercilessly baited by both his co-host and guest, Jordan manages to keep his views on licensees to a minimal amount of sentences, which needs to be heard to be believed.  If you'd like to reach Nadia: Linkedin: https://www.linkedin.com/in/nadiadocker/ Email: [email protected] You can now get CPD points for listening to two knuckleheads (and guests!) wax lyrical about financial advice for an hour at a time.  CPD For this Episode: https://quiz.cpdcheck.com/CHAL-26102911-26170001 Nathan: [email protected] www.nathanfradley.com.au Jordan: [email protected] www.planningsolo.com.au LinkedIn:  Challenge the Standard in Financial Advice (Podcast): Overview | LinkedIn The information contained in this podcast is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. Jordan and Nathan are both authorised representatives of PlanningSolo Licensing, AFS Licence 526143.       

Continuing this season's theme of asking 'yeah, but who's it for?', this week we explore some of the ethical considerations advisers have around investment portfolios.  Leaving aside Jordan's regulation soapbox-upon-soapbox ranting around the annoyingly lazy and central role 'FUM' still has in advice businesses, he and Nathan cover: Paying DIY client's due respect for the portfolio they've built over time - even if it clashes with your own views on what's they 'should' have done.  Why what a client 'wants' and what they 'need' can differ - and who's call it really is. How the combination of our need to be seen to be doing 'something', and our preference for complexity over valuable simplicity can lead to some bloated portfolios. Why overthinking about this stuff is part and parcel for advisers.   You can now get CPD points for listening to two knuckleheads (and guests!) wax lyrical about financial advice for an hour at a time.  CPD For this Episode: https://quiz.cpdcheck.com/CHAL-26102211-21360001 Nathan: [email protected] www.nathanfradley.com.au Jordan: [email protected] www.planningsolo.com.au LinkedIn:  Challenge the Standard in Financial Advice (Podcast): Overview | LinkedIn The information contained in this podcast is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. Jordan and Nathan are both authorised representatives of PlanningSolo Licensing, AFS Licence 526143.     Thanks again to the team at CPD Check for letting us publish our episodes using their AI-CPD certifying engine. Check out Clayton's episode on the pod for more info.     

"I just want milk that tastes like real milk." Fair to say that what started as a serious topic went off the rails pretty quickly - but today's topic was, ostensibly, client portals.  What are they, why do we have them, who wants them (hint: nobody, really), how can we use them and who benefits? Nathan and Jordan explore this topic, proposing that security and connectivity should be our primary targets here - while also accepting just how challenging the existing ecosystem makes that.  If nothing else, we've found our theme for this season - spend your time defining your problem, not running after solutions.  You can now get CPD points for listening to two knuckleheads (and guests!) wax lyrical about financial advice for an hour at a time.  CPD For this Episode: https://quiz.cpdcheck.com/CHAL-26101511-43050001 Thanks again to the team at CPD Check for letting us publish our episodes using their AI-CPD certifying engine. Check out Clayton's episode on the pod for more info.  Pat Flynn's Blog: patrickflynn.info/digital-doorways-navigating-the-client-portal-terrain-for-financial-advisers    Nathan: [email protected] www.nathanfradley.com.au Jordan: [email protected] www.planningsolo.com.au LinkedIn:  Challenge the Standard in Financial Advice (Podcast): Overview | LinkedIn The information contained in this podcast is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. Jordan and Nathan are both authorised representatives of PlanningSolo Licensing, AFS Licence 526143.