The Advice Show
Exclusive interviews and lively chat with a diverse mix of figures from the financial planning profession, personal finance and financial services.
Hiring graduate's only way to stop IFA 'brain drain'
In this edition of The Advice Podcast, NMA reporter James Fitzgerald speaks with the managing director of Manchester-based advice firm Wetherall’s Financial Planning, James Wetherall. Wetherall talks about his new guide which provides tips to help advice firm principles fine, hire and train graduate financial planners. The guide, which contains…
Yoga, Dance, and Quora: Meet the Mumbai planner reaching millions of readers online
For this edition of Advice Around the World, we discuss the importance of financial literacy in India, and how planners can use their online presence to make a difference to a mass audience. Preeti Zende is one of India’s leading financial planners. For starters, she offers a fee-based and client…
AUM grabs pose risk to consolidators' long-term survival
In this episode of The Advice Podcast, NMA reporter James Fitzgerald speaks to the chief executive of consolidator Truinvest, Mark Smith, about how his business not only survived but thrived during last year’s multiple lockdowns. Smith makes clear that consolidators who only buy firms to increase their AUM, and who…
Making governments go green - Bryn Jones, Rathbone Ethical Bond Fund
Welcome to the Anthropocene: the epoch of the Earth's geological history defined by the impact of humanity. The UK government is is talking up its eco credentials now, but this week's guest from fund management, Bryn Jones, recounts meetings in Westminster where the very idea of a green bond was…
IWP CEO talks acquisitions, Bartholomew Hawkins and adviser academy
IWP's chief executive David Inglesfield speaks to NMA reporter Laura Purkess about IWP and its future plans. They discuss how the businesses chooses firms to acquire and its due diligence process, its relationship with the FCA, the acquisition of Bartholomew Hawkins Asset Management and the launch of the IWP adviser…
Why wildfires are a burning issue w/Guillermo Rein
The last few years have seen a growing number of wildfires around the world. As well as major fires in Australia and California we have started to see more fires across Europe. A recent University of Reading report found that there was an increased risk of wildfires in the UK…
Life after Standard Life: Adviser platforms CEO Noel Butwell's big plan
Noel Butwell is CEO, adviser platforms at Standard Life Aberdeen. He looks after Wrap, Elevate and the adviser business 1825 and has big ambitions to number one platform of choice for advice firms. That, Butwell tells New Model Adviser editor Will Robins, would involve deep integration with back offices and…
Advisers 'crazy' not to embrace ESG considerations
In this edition of the NMA podcast, reporter James Fitzgerald speaks with Quilter Financial Planning investment director, Rick Eling, about the firm's new mandatory ESG assessment rules. Eling also claims that advisers who aren't taking ESG investing seriously will fall behind the pack as client demand for this area of…
IR35: 'Firms imposing blanket bans will lose out'
In this episode, reporter Laura Purkess speaks to Dave Chaplin, CEO of ContractorCalculator, about the reforms to IR35 off-payroll working rules, which came into effect on 5 April 2021. They discuss why the reforms went ahead, what contractors and businesses should do to prepare and what the future holds for…
Google & Facebook profiting from Gov't inaction on online scams
Online investment scams are on the rise, and there is an ongoing debate about who is responsible for taking them down. In this edition of the New Model Adviser podcast, reporter James Fitzgerald speaks with Tim Fassam, who is director of government relations at the Personal Investment Management & Financial…
Why I launched a support group for women under 30
In this episode, reporter Laura Purkess talks to Chanelle Pattinson, a financial adviser at P&P Invest, about Chanelle's new support group for women under 30 within the NextGen Planners community and why she set it up. They also discuss what it's like attending industry events as a young woman and…
Robo advice revolution to continue post-pandemic
In this edition of the NMA podcast, reporter James Fitzgerald speaks with Anthony Morrow, founder of Manchester-based digital advice firm Openmoney. Morrow tells Fitzgerald that the FCA is right that digital advice is the way forward, and has proven its value after every financial adviser in the country was forced…
Investing for new weather fronts
Changing weather around the world is affecting companies. From storms knocking out communication networks in the US, to flooding hitting supply chains in parts of the UK, businesses are having to adapt to the future. Alex Monk, co-manager of the Schroder Global Energy Transition fund, explains what this means for…
Budget 2021 recap: ‘Freezing allowances is a stealth tax’
In this episode, NMA reporter Laura Purkess speaks to Tom Selby, senior analyst at AJ Bell, about some of the biggest announcements in the 2021 Budget, including freezing the lifetime allowance and income tax thresholds, hiking corporation tax for bigger businesses to 25%, extending the stamp duty holiday and re-introducing…
Platforms' profits have led to PE takeover frenzy
In this latest episode of the New Model Adviser podcast, reporter James Fitzgerald speaks with Ben Hammond, platforms director at Altus Consulting. They speak about the inner workings of recent private equity deals for platforms, and what recent takeovers mean for platforms’ staff, advisers and clients. Hammond tells Fitzgerald that…
Verona Kenny: 'There's never been more interest in buying advice firms'
In this episode, reporter Laura Purkess talks to 7IM’s Verona Kenny about the biggest changes she’s seen in the advice profession over the course of her career. They talk about pension freedoms and the rise of responsible investing, as well as the growth and consolidation of advice firms.
Nationals' acquisition drought could last years
The Covid-19 pandemic put a stop to most consolidation and IFA buyouts last year. But although the vaccine means we may return to normality sooner rather than later, there are some who think the acquisition market may stay stagnant for a while yet. In this episode of the New Model…
The Balance - Episode 1: How my boss helped seizure recovery
Episode One. Welcome to a new ongoing series The Balance looking at real stories of personal difficulty within the advice profession and financial services. In this episode James Thorneley, former global head of media relations at Standard Life, recounts how he smashed his skull during an epileptic fit. He required…
No, minister: Gov't must take responsibility for the DB debacle
A breakdown of communication; failure to learn the lessons of the past; policy problems; improper planning; regulatory stalemate; and, of course, denial. A perfect storm involving all these factors and more led to what Personal Finance Society CEO Keith Richards now candidly calls a 'DB debacle'. In this episode, James…
ESG? I'd rather my fund manager had principles!
UPDATE: This is now the correct version of this podcast. Paul Jourdan, the Citywire AAA-rated manager of the Amati Small Companies fund, is unhappy that ESG is seen as a ‘special sauce’. Indeed, what does it say about fund managers if we are only now applying ethical criteria? Fellow guest…