TRAP: The Real Adviser Podcast

In this latest pile of TRAP, the Trap Pack discussTopical issues, including Storyteller's Munich Massacre, useful online calculators, ATR questionnaires for three year olds (!), MPs and double standards (!), nomination of beneficiary woes, Vanguard TRAP seminar feedback, Ade Edmondson investment gaffMeat and Potatoes: Of Tournaments and Trophies: The Awards IndustryQuestions posted by our beloved TRAPist Tom NCulture CornerLinks referred to in the show:NL: reminder of how useful Hargreaves L online calculators are: https://www.hl.co.uk/pensions/tax-relief/calculatorCW: Central Bank of Ireland “Dear CEO” letter critical of compliance standards: https://www.independent.ie/business/personal-finance/brokers-heavily-criticised-for-poor-practices-by-central-bank/a1180315516.html?mc_cid=560d48dbac&mc_eid=f47c629345AH - MPs accused of double standards over pension scheme Only 1% of parliamentary retirement fund is invested in UK equities, despite politicians talking up the case for investing in Britain https://www.thetimes.com/article/705a7372-86cc-4bf4-af88-b4b5db9ff9ce?shareToken=5c0f02e19a8c5e3b990c965b10d058c8NL: WSJ story on nomination of beneficiary horror tale: https://www.wsj.com/personal-finance/inherited-retirement-savings-beneficiary-breakup-divorce-849e3ff2?st=r25xsho331jpvgg&reflink=desktopwebshare_permalinkAS - Vanguard TRAP Webinar on Adviser Alpha (300 registered - 200 attended live) Recording available https://event.on24.com/wcc/r/4584722/8D0D76D89A13CF7D9AF43C6FD0F9DD84AH - Credit Suisse Global Investment Returns Yearbook 2023 - https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/credit-suisse-global-investment-returns-yearbook-2023-summary-edition.pdf - JP Morgan, Barclays, CS, all conclude the markets beats any humans NL: Adrian Edmondson, another celebrity/influencer/endorser of property over pensions/GCOTW: https://www.linkedin.com/posts/kusalariyawansa_property-stockmarket-ugcPost-7206179916441104388-Hc_p?utm_source=share&utm_medium=member_desktopAH - The C WorTake 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 discussTopical issues, including BTC ETFs coming here, insurance payouts from Royal London, SPIVA Persistence, Bank of Ireland saving rate rises, pension dashboard (really dull), Canada Pension Plan active follies, Abrdn price cutsMeat and Potatoes: Politics - do you or don't you?Questions posted by our beloved TRAPist www.twitter.com/DomSpaldingCulture CornerLinks referred to in the show:Vanguard TRAP landing page: https://www.vanguard.co.uk/professional/insights-education/events-webinars/vanguard-at-the-real-adviser-podcastTimeline TRAP landing page: https://www.timeline.co/trap-liveCW: The US TRAP?! The Unlock https://www.youtube.com/watch?v=5GP-laLIlssAS - BTC ETFs arrive in the UK https://www.ft.com/content/76e9ecf3-4429-42c5-a945-43ab92abfda4AH Royal London 2023 claims payout - https://adviser.royallondon.com/protection/our-claims-record/ NL: Neil Woodford's excellent piece on the decline of the UK stock market (as covered by us in episode 17) (https://www.buzzsprout.com/2056762/12602273)https://www.woodfordviews.com/post/a-quarter-century-of-damaging-reformsAS - SPIVA Persistence Report Card https://www.spglobal.com/spdji/en/spiva/article/europe-persistence-scorecarCW: Bank of Ireland raises interest rates https://www.rte.ie/news/business/2024/0529/1451872-bank-of-ireland-deposit-rates/AH - Pension Dashboards - Aviva and Scottish Widows plan to become official pensions dashboard operators, joining a coalition of companies seeking to breathe life into the long-delayed project. https://www.thetimes.co.uk/article/aviva-and-scottish-widows-to-join-pension-dashboard-coalition-55f5ctfnf NL: Canada Pension Plan Fund tale of active woe: https://www.theglobeandmail.com/opinion/article-eighteen-years-and-46-billion-later-the-cpp-admits-it-could-have/AS Abrdn price cut -  are we heading to 100 bps all in? AH YES WE ARE. AH - Motem - client journey Melissa Kidd - https://motem.co.uk/ Ace Your Annual RTake 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.

TRAP Live!This is a TRAP episode recorded on 9th May 2024 in front of 140 adoring TRAPists at Lola's, the louche, loose, slightly dangerous bar in the underground caverns of the world-famous London Hippodrome casino.Our sources confirm that this is the first (last?) UK financial services-related live podcast held in the UK and, secondly, there has never been any financial services event in the UK involving so much alcohol.The show follows the normal format, albeit in a slightly more "shambolic" fashion than normal.At the end, there's a bonus 30-minute Q&A session where the TRAP Pack fields an assortment of idiotic questions from our beloved TRAPists.Thanks to Emmelia Powell for emceeing the chaos and Dan Haylett for his excellent pre-recording presentation. And lots of love for our event partners (with special TRAP-focused landing pages), Vanguard and Timeline. No thanks at all to the striking train drivers. Bring on the robots.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.

So today is TRAP Live, and we can't put out a show. Fear not, TRAPists, the live show is being recorded and will come out in two weeks, on 23rd May, Episode 45.For the moment, here's a compilation of bits from previous episodes. Enjoy!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 discussTopical issues, including the imminent TRAP Live event, superb service, FCA fee review update, Ultra's new book (yes, really), Voice's “planning” week, more Irish investment fraudMeat and Potatoes: Bricks and TortureQuestions posted by our beloved TRAPist Patrick DugganCulture CornerLinks referred to in the show:Meanwhile, service standards elsewhere are awful: https://www.ft.com/content/0a5d30ed-164f-4b9f-a049-fc9692219f79CW: Investment fraud https://www.rte.ie/news/2024/0405/1441779-investment-fraud/NL: Leveraging Wealth: The Advice Amplified podcast with IFA Pete Ridlington.Property vs. Equity: Tej Singh: https://pca.st/736pxk89Keeper Security over LastPass? https://www.keepersecurity.com/en_GB/ H/T to Jon Doyle www.twitter.com/juniper_jonDiary of a CEO - Jimmy Carr: "I've Found The Cure For My Anxiety!" https://www.youtube.com/watch?v=uHLAazKUU68CW: David McWilliams Podcast - interview with Michael Lewis re SBF https://podcasts.apple.com/ie/podcast/the-david-mcwilliams-podcast/id1462649946?i=1000651097893AS - Brett Davidson newsletter https://fpadvance.com/blog/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.

TRAP LIVE IS HAPPENING ON 9th MAY 2024. BUY TICKETS HERE: www.therealadviserpodcast.comIn this latest pile of TRAP, the Trap Pack discussTopical issues, including Paddy Andrews Métis Norway appt, US$90 trillion to move between generations, surge meeting review, SPIVA S&P Global, the passing of Danny Kahneman, another unregulated investment scheme goes belly up, Ali Hussain in the Sunday Times on adviser fee refundsMeat and Potatoes: AIQuestions posted by our beloved TRAPists www.twitter.com/@SamColbyButcher and https://www.linkedin.com/in/janemcaleeseCulture CornerLinks referred to in the show:CW: Paddy Andrews appointed Director at Metis Ireland: https://businessplus.ie/news/metis-ireland-paddy-andrews/NRL: 4 million US citizens will turning 65 every year until 2030. “A study from Knight Frank details that over $90 trillion in assets will move between generations over the next 20 years.”: https://www.morningstar.com/financial-advice/record-number-americans-are-turning-65-thats-great-news-financial-advisors?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_advisordigest&utm_content=52931AH surge meeting season over, thoughts, reflection, points to note. CW: Would a round table of active fund managers say the same? https://citywire.com/new-model-adviser/news/do-etf-bosses-invest-in-their-own-products/a2439481?re=118846&refea=1287904AH - Spiva S&P Global - https://www.spglobal.com/spdji/en/research-insights/spiva/NRL: “For all his knowledge of how foolish investors can be, Danny didn't try to outsmart the market. “I don't try to be clever at all,” he told me. Most of his money was in index funds. “The idea that I could see what no one else can is an illusion,” he said.“All of us would be better investors,” he often said, “if we just made fewer decisions.” Jason Zweig (paywall) article on the late Danny Kahneman: https://www.wsj.com/finance/investing/daniel-kahneman-behavioral-economics-270c9797?mod=djintinvestor_tCW: Solar 21 going pear-shaped despite “ray of light” last summer: https://www.independent.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.

TRAP LIVE IS HAPPENING ON 9th MAY 2024. BUY TICKETS HERE: www.therealadviserpodcast.comIn this latest pile of TRAP, the Trap Pack discussTopical issues, including Finish fables, JISA joys, Leffler love, cheap online tax-returns, total returns mean dividends, FCA thematic review #1,242, True Potential CEO says the quiet part out loudMeat and Potatoes: Clients or Customers?Questions posted by our beloved Steven S www.twitter.com/passivevanguardCulture CornerLinks referred to in the show:Edward Leffler: https://www.ft.com/content/6d4f870c-f39a-4a06-a18f-f1e65484f35aAH - https://www.taxd.co.uk/ Easy/Cheap Tax Filing. NL on this: should 40% PAYE taxpayers trust HMRC or should they self-assess as a matter of course?CW: Idea for your advisory firm ….. Metis 5K Fund Run for Charity https://www.linkedin.com/feed/update/urn:li:activity:7173968807340691458AS - total returns  https://www.timeline.co/blog/is-the-ftse-100-misleading NL - 100 years of Edward Leffler's transformational idea: https://www.ft.com/content/6d4f870c-f39a-4a06-a18f-f1e65484f35aAH - FCA - Article - Undertaking cashflow modelling to demonstrate the suitability of retirement-related advice https://www.fca.org.uk/firms/undertaking-cashflow-modelling-demonstrate-suitability-retirement-related-advice CW: Metis Ireland is hiring https://www.linkedin.com/feed/update/urn:li:activity:7176905922131173376AS FCA Thematic Review / AS - Fees for no service https://www.fca.org.uk/publication/thematic-reviews/tr24-1.pdfCW: Most clients don't need advice according to True Potential CEO https://citywire.com/new-model-adviser/news/true-potential-ceo-its-very-rare-our-clients-need-advice/a2438636?re=118418&ea=1287904&utm_source=BulkEmail_NMA_Daily_Single_EAM&utm_medium=BulkEmail_NMA_Daily_Single_EAM&utm_campaign=BulkEmail_NMA_Daily_Single_EAMTake 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.

TRAP LIVE IS HAPPENING ON 9th MAY 2024. BUY TICKETS HERE: www.therealadviserpodcast.comIn this latest pile of TRAP, the Trap Pack discuss- Topical issues, including Artic Rambles, Bitcoin yawns, Irish Banks, double-dipping, British ISAs, good PR firms, Best Buy lists- Meat and Potatoes: SJP: Big Brands, Big Challenges- Questions posted by our beloved TRAPist Will Bennett: https://www.linkedin.com/in/will-bennett-dippfs-7a230792/- Culture CornerLinks referred to in the show:- NL - TRAP YouTube hits the Steve Harris mark. http://www.youtube.com/@adviserpodcasthttps://youtu.be/WxnN05vOuSM?si=bz8T7Cng7tOZ5sTX- AS - double dipping saga continues https://citywire.com/new-model-adviser/news/revealed-the-8-platforms-double-dipping-before-fca-s-deadline-today/a2437299 - AH - Norwegian Oil Fund to diversify to PE 3-5% - the fund drags to the extent it's under-exposed to global equities. NEXT, all funds and all investors do. https://www.ft.com/content/55837df7-876f-42cd-a920-02ff74970098 - NL - Budget and British ISA! My LinkedIn piece: https://www.linkedin.com/posts/hattipnick_dear-worldnaacs-if-you-think-im-changing-activity-7171425884334182400-4tPp?utm_source=share&utm_medium=member_desktop- CW: A good PR firm = priceless https://www.irishtimes.com/business/2024/02/29/goodbody-fined-1225m-by-central-bank-for-breach-of-market-abuse-laws/- AS: 80/20 Principle - Richard Koch https://www.amazon.co.uk/80-20-Principle-Secret-Achieving/dp/1857883993 https://pca.st/episode/512b566a-e063-4ffa-b4d1-b22f3d51ec7f - CW: John Collison & Charlie Munder podcast https://podcasts.apple.com/us/podcast/a-conversation-with-charlie-munger-john-collison/id1154105909?i=1000637534393- NL: Tribes, by Seth Godin: https://www.goodreads.com/book/show/12262996-tribes- AH - Morning Brew Daily Email https://www.morningbrew.com/daily - AH - The Billionaire, The Butler, and the Boyfriend - https://www.netflix.com/title/81306326Take 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.

TRAP LIVE IS HAPPENING ON 9th MAY 2024. BUY TICKETS HERE: www.therealadviserpodcast.comIn this latest pile of TRAP, the Trap Pack discussTopical issues, including Meta declaring its first dividend, update on TRAP Live, another FIRE story, Lombard Loans, Nikkei back to 1989, the “death” of the value premiumMeat and Potatoes: You're Fired - Sacking Yourself OffQuestions posted by our beloved TRAPists Alastair P www.twitter.com/ap592dCulture CornerLinks referred to in the show:Financial Life Planner https://open.spotify.com/show/6vdF54D6IfBGy20h6Xvt4k Bulletproof Entrepreneur https://open.spotify.com/episode/0rcawAuktBSE66w7axio7V?si=xrfZjevNSLKlqkA6TnRRJQ  Lick's latest Substack squib: https://www.hattipnick.com/p/a-quick-one-1989-and-all-thatNL - Meta pays its first dividend. US$0.50 a share but it's a start: https://www.morningstar.co.uk/uk/news/245717/metas-first-dividend-explained.aspxCW: Latest article re FIRE movement https://www.irishtimes.com/your-money/2024/02/21/fire-is-financial-independence-retire-early-possible-look-at-how-you-are-spending-your-money/AS: Lombard loans https://www.firenzeme.com/NL - The Unhedged Podcast (FT): https://pca.st/ducu3zgtAS: Perplexity. Ai https://www.perplexity.ai/ AS: Excellent article on Kitces blog https://www.kitces.com/blog/prospect-process-advisor-value-client-relationship-trust-building/ AH - Pots of Gold - https://www.mygsn.co.uk/ cheap, healthy, simple and nice. The busy professionals dream.  CW: Why We Sleep by Matthew Walker - https://amzn.to/3IesCBmTake 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.

TRAP LIVE IS HAPPENING ON 9th MAY 2024. BUY TICKETS HERE: www.therealadviserpodcast.comIn this latest pile of TRAP, the Trap Pack discuss- Topical issues, including TRAP Live announcement, scams, the Irish FPSB, accountants and pensions and misconceptions, Irish consolidation, retirement living standards, the destruction AND creation of wealth, HUM Premium price changes, MS Copilot- Meat and Potatoes: The Wealth Transfer: Hype or Real?- Questions posted by our beloved TRAPists Will Bennett https://www.linkedin.com/in/will-bennett-dippfs-7a230792/ - Culture CornerLinks referred to in the show:CW: Samantha Russel is www.twitter.com/samanthatwentyNL: www.tiny.cc/ifaforumAS - Scams https://x.com/alanjlsmith/status/1751905578580873378?s=46&t=sRHfdIQon2TfFJRFg7K23w AH -THE RETIREMENT LIVING STANDARDS - pro savings and thinking https://www.plsa.co.uk/Policy-and-Research/Topics/Retirement-Living-Standards - https://moneytothemasses.com/news/pension-needed-in-retirement-rises-in-2024-amidst-cost-of-living-crisisAS - Wealth destruction at scale https://markets.businessinsider.com/news/funds/cathie-wood-ark-invest-wealth-destroyed-tech-stocks-morningstar-arkk-2024-2AH - 15 Top Wealth Creators in the Fund Industry - https://www.morningstar.com/funds/15-top-wealth-creators-fund-industry-2 Wealth Transfer - Is the Hype Real?  - https://www.humansundermanagement.com/blog/wealth-transfer -AH - Stutz - Phil - Netflix: https://www.netflix.com/title/81387962 AS - Tim Ferris with Noah Kagan podcast https://www.youtube.com/watch?v=_htIvi4JzOsCW: Happy Birthday Triplets this Valentine's Dayhttps://music.apple.com/ie/album/this-is-the-one/325549329?i=325549345 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.

TRAP LIVE IS HAPPENING ON 9th MAY 2024. REGISTER YOUR INTEREST HERE: www.therealadviserpodcast.comIn this latest pile of TRAP, the Trap Pack discussTopical issues, including Transact price reductions, disastrous Lifestyling consequences, Métis Annual Planning Day, US$6TN in cash, Financial Planning Week, Irish IX set for launch, Hargreaves Lansdown pension complainant, Capital is recruiting, HUM London speaker suggestions please, TRAP Live updateMeat and Potatoes: Investment Fundamentals 101Questions posted by our beloved TRAPists Chris Bowers: https://www.linkedin.com/in/chris-bowers-043190174/ Culture CornerLinks referred to in the show:NL Investment Philosophy: https://www.dropbox.com/scl/fi/ow70abae5od6a52tymvan/V2V-Investment-and-Asset-Allocation-Philosophy-2024.pdf?rlkey=w2yg7mbt3eyoznckdcm1hje3s&dl=0AH - Transact price reductions - https://www.transact-online.co.uk/introduction-january-2024/AH - Lifestying revisited - FT Podcast - high return to low return - missed returns now capital destruction - https://www.ft.com/content/ab059105-b9f5-4e7e-8896-dbdede87c3afhttps://henrytapper.com/2024/01/27/no-one-cares-as-much-about-your-pension-as-you-do-but-claer-barrett-comes-closeLifestyling your way to poverty - Maven Money - https://www.mavenadviser.com/podcast-9/lifestyle-poverty CW - Metis Annual Planning Day https://www.linkedin.com/feed/update/urn:li:activity:7153120249381376001/NL: Record amount sitting in cash in the US ($6TN): https://apolloacademy.com/6-trillion-on-the-sidelines-in-money-market-funds/AH - Financial Planning Week 2024 - Jan 22-28th - https://www.cisi.org/cisiweb2/wayfinder/tips-and-toolsAS - New HMRC app https://apps.apple.com/gb/app/hmrc/id514561561AS/NL: lunatic gambles away pension pot and then runs to Mummy crying: https://www.ftadviser.com/sipp/2024/01/22/pensioner-urges-hargreaves-to-create-safeguards-after-he-gambled-away-sipp/AS - Finimize 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.

TRAP LIVE IS HAPPENING ON 9th MAY 2024. REGISTER YOUR INTEREST HERE: www.therealadviserpodcast.comIn this latest pile of TRAP, the Trap Pack discussTopical issues, including Irish salary sacrifice, Ray Trapani interview with Storyteller and BitCoin ETFs, NextGen and Verve adviser resources, cash flow as an “optional extra”, Timeline Classic 50 MPS lauditsMeat and Potatoes: ABL - Always Be LearningQuestions posted by our beloved TRAPists www.twitter.com/abb04645603Culture CornerLinks referred to in the show:CS - salary sacrifice https://www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-05/05-01-01k.pdfAH - a year in returns: https://novelinvestor.com/2023-a-year-in-returns/?mc_cid=dd7293af86&mc_eid=60c55a4dd8AS - NextGen and Verve resources: https://www.nextgenplanners.co.uk/academy https://thevervefoundation.co.uk/incubator/NL - BitCoin ETF: https://news.bitcoin.com/vanguard-deepens-anti-crypto-stance-after-disallowing-spot-bitcoin-etf-trading-ark-ceo-says-its-a-terrible-mistake/AH - Timeline Classic: https://portfolio-adviser.com/defaqto-names-timeline-classic-50-as-most-recommended-mps-by-advisers/Google Keep: https://keep.google.comEvernote: https://evernote.com/Readwise: https://readwise.io/CW: Michael Kitces podcast on the “big swap” for Finacial Advisers - health and wealth https://podcasts.apple.com/ie/podcast/financial-advisor-success/id1190341231?i=1000640311861NL: Dead In The Water:Murder and Fraud in the World's Most Secretive Industryhttps://www.amazon.co.uk/Dead-Water-Murder-Secretive-Industry-ebook/dp/B09LXD9LSP/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=AS - Ali Abdaal Feel Good Productivity https://www.amazon.co.uk/Feel-Good-Productivity-Achieve-More-Matters/dp/184794373X y AH - The Family Board Meeting: You Have 18 Summers to Create Lasting Connection with Your Children Third EditTake 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.

TRAP LIVE IS HAPPENING ON 9th MAY 2024. REGISTER YOUR INTEREST HERE: www.therealadviserpodcast.comIn this latest pile of TRAP, the Trap Pack discussTopical issues, including a clash over FIRE, Morgan Stanley's woeful 2023 prediction, the follies of mis-asset allocation, BitCoinMeat and Potatoes: Three Wins, Two Learns, One GoalQuestions posted by our beloved TRAPists Guy Skinner (http://linkedin.com/in/guy-skinner-citygate-financial-planning) and Benjamin Mitchell (www.twitter.com/themoneyscot)Culture CornerLinks referred to in the show:NL: IFA Forum late burst on 31st December to 428 members. www.tiny.cc/ifaforumNL: Morgan Stanley prediction for 2023: https://www.thinkadvisor.com/2022/12/19/new-stock-market-low-coming-in-2023-morgan-stanley-strategist/?kw=New%2520Stock%2520Market%2520Low%2520Coming%2520in%25202023:%2520Morgan%2520Stanley%2520Strategist&utm_source=email&utm_medium=enl&utm_campaign=topstories&utm_content=20221225&utm_term=tadvAS - comments on LI post https://www.linkedin.com/posts/alancapital_heres-where-the-sharpest-brains-on-wall-activity-7146472490666508288-nN2b?utm_source=share&utm_medium=member_iosCW: The bitcoin story in full Bitcoin above $45,000 for first time since April 2022 (rte.ie)NL: Top books from 2023https://www.goodreads.com/book/show/60018618-unreasonable-hospitalityhttps://www.goodreads.com/book/show/17572998-the-bethttps://www.goodreads.com/book/show/55223171-askhttps://www.goodreads.com/book/show/122765395-elon-muskCW: Netflix Blue Zones https://www.netflix.com/ie/title/81214929AH - The Love Expert: The REAL Reason We're Lonely, Loveless, Depressed - Alain De Botton, School Of Life - https://www.youtube.com/watch?v=oI7BxBNp1uE AS: Salary Survey BWD Financial Services Earnings & Benefits CensTake 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.

TRAP LIVE IS HAPPENING ON 9th MAY 2024. REGISTER YOUR INTEREST HERE: www.therealadviserpodcast.comIn this latest pile of TRAP, the Trap Pack discussTopical issues, including a Royal London/Lang Cat report on value, the strong market close to 2024, some boring Bitcoin updates, the wickedness of pension complications, and client Xmas pressies - yes or no?Meat and Potatoes: Crushing Content CreationQuestions posted by our beloved TRAPists www.twitter.com/@paulcleworth https://www.linkedin.com/in/paulcleworthCulture CornerLinks referred to in the show:AS: https://pca.st/episode/cc60d64a-b361-455c-8366-ed7be8ce04cf://pca.st/episode/cc60d64a-b361-455c-8366-ed7be8ce04cf https://adviser.royallondon.com/campaigns/people-powered/deliver-value-for-your-clients/explore-our-meaning-of-value-research/ NL: it's almost wicked how complicated pensions have become again. The layman has no chance: https://techzone.abrdn.com/anon/public/pensions/finance-bill-tax-free-cash-2024?Opendocument=&utm_campaign=ADV-TEC-Not-Eligible-18122023&utm_medium=email&utm_source=Eloqua&utm_content=CSLAR000000163451&SHA=155d4e8dc50eeae367eafd2801a697a915f33e1ab43bb7a960f033783dd77950AS GEM ; Hugh van Cuylenburg Video! https://watch.amazon.co.uk/detail?gti=amzn1.dv.gti.374d37ba-da4f-4b30-a297-912cfea97173&territory=GB&ref_=share_ios_movie&r=web AS - Jeff Bezos on Lex Friedman https://youtu.be/DcWqzZ3I2cY?si=dvG79OxOkStq9c6F NL: Trillions (Kindle) by Robin Wigglesworth: https://www.amazon.co.uk/s?k=trillions+robin+wigglesworth&crid=3G26J5N00FU6M&sprefix=trillions%2Caps%2C84&ref=nb_sb_ss_ts-doa-p_2_9Robin was on Bulletproof Entrepreneur S2E3: https://pca.st/ro3od2niAH - Historical Newspapers - https://www.historic-newspapers.co.uk/ CW: Accepting Change - a meditation by Sarah Blondin 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.

TRAP LIVE IS HAPPENING ON 9th MAY 2024. REGISTER YOUR INTEREST HERE: www.therealadviserpodcast.comIn this latest pile of TRAP, the Trap Pack discussTopical issues, including the passing of Bill Vasilieff and Charlie Munger, Sunday Times on Value Assessments, Paul Lewis and sitting in cash, JP Morgan Retirement Report, lunch with a legendMeat and Potatoes: Centres of Influence - Marketing Series 2/3Questions posted by our beloved TRAPists www.twitter.com/@MApowling and www.twitter.com/themoneyscot https://www.linkedin.com/in/benjamin-mitchell-695897101 Culture CornerLinks referred to in the show:AS - Sunday Times report on Value Assessments https://www.thetimes.co.uk/article/buried-treasure-why-are-fund-value-reports-so-hard-to-nd-vfzpdgxvlNL: (H/T to www.twitter.com/@sky_valley87) Paul Lewis - 100% of his pension fund in cash….. People are influenced by his ilk, so know your enemy (said with love): https://www.dailymail.co.uk/money/meandmymoney/article-12790055/Radio-4-broadcaster-Paul-Lewis-pension-CASH-not-shares.htmlAS: Opensea (NFT platform) revenue down 99% https://watcher.guru/news/opensea-nfts-revenue-has-fallen-99-since-march-2022AS - JP Morgan retirement report https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/retirement-insights/guide-to-retirement-us.pdf NL - register your interest to secure the limited tickets for TRAP Live (under£200): www.therealadviserpodcast.comNL: Charlie Munger from the grave via the “Invest Like The Best”: https://pca.st/56lkwov4AS: 1. Vanishing Act, ITV - https://www.itv.com/watch/vanishing-act/10a2997/10a2997a0001  AS 2  - The Edge of Everything https://www.amazon.co.uk/Edge-Everything-Ronnie-OSullivan/dp/B0CJJZYS36  AH - My First Million podcast - Tiny story and founder - Andrew Wilkinson, boring businesses - well worth a listen for FA - Tiny is pitched as the Berkshire Hathaway of the internet - https://www.youtube.com/watch?v=YQJBapVwLqo AH - Bill Nighy 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 discussTopical issues, including a recap of HUM, hitting 500 YT subscribers, final call for the Irish Ideas Exchange, Consumer Duty updates, planning for 2024Meat and Potatoes: Revolutionise Your Referrals - Marketing Series 1/3Questions posted by our beloved TRAPists Master JCulture CornerLinks referred to in the show:AS FCA letter/ media and platforms requesting fee justification https://www.fca.org.uk/publication/correspondence/dear-ceo-letter-fca-expectations-wealth-management-stockbroking-firms.pdfNL- New research on safe withdrawal rates https://www.morningstar.com/retirement/good-news-safe-withdrawal-rates AS Filth https://www.tickmill.co.uk/futures?redir=0&__hstc=94732803.66d8516e5806623afdf330775f39559a.1699629257117.1699629257117.1699629257117.1&__hssc=94732803.1.1699629257117&__hsfp=47545668&_gl=1*1ncrq1u*_ga*MTY5NTgyNjM1OC4xNjk5NjI5MjU1*_ga_1KQF7MN5TZ*MTY5OTYyOTI1NS4xLjAuMTY5OTYyOTI1NS4wLjAuMA..NL - Colin Turton's Adviser Asset - decent curation of platform/provider announcements. Sign up here: https://www.adviserasset.co.uk/contact-us/ “sign me up for Communications targeting UK Financial Advisers”AH - Hotel Chocolat sold to Mars, a brief story around this and ‘selling out' https://www.theguardian.com/business/2023/nov/16/hotel-chocolat-founders-mars-takeover-angus-thirlwell IFA when they sell, maintaining integrity to clients and themselves. Thoughts around this. NL - very quick plug for the IFA Forum: www.tiny.cc/ifaforumAS - another new fintech launch focused on low costs https://www.altfi.com/article/exclusive-tandem-bank-co-founders-launch-prosper-with-gbp3-2m-aiming-to-reshape-wealth-managementAS: https://vimeo.com/44316413AS: https://www.amazon.co.uk/Just-Ask-generate-referrals-business-ebook/dp/B09LYXJ5VAS: https://clientdrivenpractice.com/about-stephen-wershing/AS: "The Game of Numbers" by NickTake 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 discussTopical issues, including the rise and fall of Open Money, Vanguard leaving China, Irish Ideas Exchange, are we talking about events in the Middle East with affected clients, new Brett Davidson White Paper, Andy rants about the FCA and crypto, SJP adviser saddled with a business loan, Wealthfront débâcle, HUM London happening on the day of this episode's releaseMeat and Potatoes: The FINAL Exit Strategy: getting all the stuff documented, for that day when you're not around anymoreQuestions posted by our beloved TRAPists https://www.twitter.com/gregorpolson93Culture CornerLinks referred to in the show:https://fpadvance.com/whitepaper/how-to-solve-scale-problem/ https://x.com/andrewdbeer1/status/1719337890734289135?s=46&t=sRHfdIQon2TfFJRFg7K23wAH - https://businesscloud.co.uk/news/what-went-wrong-at-openmoney/NL: Vanguard turns it back on China: https://www.pionline.com/money-management/vanguard-takes-final-step-exit-china-dismantling-last-teamNL - US pension allowances v UK - massive difference! https://www.wsj.com/personal-finance/retirement/americans-can-stick-more-cash-in-their-401-k-s-next-year-thanks-to-inflation-5fb4d09fAH - FCA Crypto https://www.fca.org.uk/investsmart/crypto-basicsAH - Google Interview Warmup Tool - https://grow.google/certificates/interview-warmup/CW: JL Collins talk at Google https://youtu.be/T71ibcZAX3I?si=fB9-jy29kMbKhn72AS - Sylvester Stallone on Netflix https://www.netflix.com/title/81450717?s=i&trkid=0NL - Elon and Joe podcast video on Daily Motion: https://www.dailymotion.com/video/x8p91p6NL - “Think and Grow Rich” by Napoleon Hill on Kindle at £0.99p: kindle 99p: https://www.amazon.co.uk/Think-Grow-Rich-Napoleon-Hill-ebook/dp/B08776ZZY4/ref=sr_1_1?crid=30XHCZM2EQYUA&keywords=kindle+99p+books+think+and+grow+rich&qid=1699191187&sprefix=kindle+99Take 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 SJP swallowing Consumer Duty, NextWealth IFA report, M&G closing its property fund, Irish budget investor woes, adviser mastermind top tips- Meat and Potatoes: Taking THAT Fork In The Road- Questions posted by our beloved TRAPists Stuart Mullen- Culture CornerLinks referred to in the show:AS: https://www.nextwealth.co.uk/research/financial-advice-business-benchmarks-report-2023/ NL: https://www.mandg.com/news-and-media/press-releases/mandg-investments/2023/19-10-2023?utm_campaign=EM_RTL_MA_UKA_OTH_20231016_TBC&utm_medium=email&utm_source=EloquaPhilip Palaveev https://ensemblepractice.com/about/philip-palaveev/ Startup Loans https://www.startuploans.co.uk/ AH - Same as Ever: Timeless Lessons on Risk, Opportunity and Living a Good Life - https://amzn.to/3tljmqE CW: Elon Musk by Walter Isaackson https://www.amazon.co.uk/Elon-Musk-Walter-Isaacson/dp/1398527491CW: The best backpack in the world ever! https://nordace.com/en/product/nordace-siena-smart-backpack/AS - Good/Bad Billionaires https://www.bbc.co.uk/sounds/brand/p0g7xj36Take 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 discussTopical issues, including TRAP Live on 9th May 2024, the TRAP Pack officially open the World Cup in Paris, the annual CISI shindig, Storyteller's Limerick tripMeat and Potatoes: the chaps discuss the FIRE movementQuestions posted by our beloved TRAPists Jono Randell-Nash www.linkedin.com/in/jono-randell-nash and www.twitter.com/@juniper_jonCulture CornerLinks referred to in the show:NL - Doomslayer - a weekly dose of good news from Human Progress: https://humanprogress.org/projects/news-archives/NL - Rocketbook: https://getrocketbook.co.uk/products/rocketbook-core?variant=39671409934408AS - The Missing Billionaires by Victor Haghani And his Ted Talk Where are all the Billionaires? & Why Should We Care?: Victor Haghani at TEDxSPSThe Missing Billionaires: A Guide to Better Financial DecisionsAH - Michael Lewis - Going Infinite: The Rise and Fall of a New Tycoon - https://www.amazon.co.uk/s?k=michael+lewis+going+infinite&crid=CLHM5FZICS7Z&sprefix=michael+lewis+%2Caps%2C135&ref=nb_sb_ss_ts-doa-p_1_14 CW: The Ride of a Lifetime by Bob Iger CEO of Disney https://www.amazon.co.uk/Ride-Lifetime-Lessons-Learned-Company/dp/0399592091NL - Monzo Investments: invest as little as £1 to get started. Three Blackrock funds. Almost zero friction: https://monzo.com/investments/=========================== ===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 discussTopical 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 BankMeat 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 CornerLinks 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/2056762/12602273AH - 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=1000628192924Take 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 discussTopical 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 FeesQuestions posted by our beloved TRAPists Jez Heal and Philip DragoumisCulture CornerLinks referred to in the show:CW: The Man in the Arena https://youtu.be/A311CnTjfos?si=IQ9JrKPngQkpjp9TAS - apparent lack of understanding of lifetime financial planning https://x.com/paulclaireaux/status/1690241891009208320?s=46&t=sRHfdIQon2TfFJRFg7K23wAS - who says crime doesn't pay! https://citywire.com/new-model-adviser/news/fca-fines-ifas-1-3m-over-seriously-flawed-db-transfer-advice/a2424881NL: 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-107047128AS: 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/yfirtyk0CW: Ben Carlson - A Wealth of Common Sense https://awealthofcommonsense.com/2023/09/the-60-40-portfolio-is-alive-well/=========================== ===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 discussTopical 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 birthdayMeat and Potatoes: Succinct Seminar SuccessQuestions posted by our beloved TRAPists @jeu1985 @Financial118Culture CornerLinks 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_WeeklyNL: 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=1700645CW: Sports Stars start VC Fund England captain Stokes seeks edge with launch of venture fund | Business News | Sky NewsNL: 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/fmln11ozNL: Debbie Condon's Intuitive Support Provider LOA Guide: https://www.intuitivesupportservices.com/quick-linksNL: 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-avoidCW: 10x is Easier than 2x https://www.amazon.co.uk/10x-Easier-Than-World-Class-Entrepreneurs/dp/140196995X=========================== ===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 discussTopical issues, including two Morningstar reports, the Buy-to-Let meltdown, gilt pension “protector” funds, sideways markets, and portfolio lendingMeat and Potatoes: Oh, The Mistakes We've Made!Questions posted by our beloved TRAPists @wheato1976 and Ian GCulture CornerLinks 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.pdfLombard lending https://www.bondsmith.comCW: Dr Paddy Barrett Podcast  https://podcasts.apple.com/ie/podcast/how-to-spend-your-life/id1495060929?i=1000622820982AH - 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/newsletterMorningStar 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=========================== ===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 discussTopical 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 fundMeat and Potatoes: How To Survive and Thrive The SummerQuestions posted by our beloved TRAPists @stevesmithlive & @kieranfowleyCulture CornerLinks 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=1287904Money 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=1All Ireland Hurling Final highlights https://youtu.be/BqfQzWChuucLower Mill Estate Cotswolds - https://www.habitatescapes.com/Chris Harvey, party crooner: https://encoremusicians.com/Chris-HarveyHuman Risk Podcast https://www.humanriskpodcast.com/=========================== ===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 discussA possible TRAP live event in 2024. Please let us know if you would be interested in going by leaving your details in the link belowTopical 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 ratesMeat and Potatoes: Fixed Income and Mumbo Jumbo QuestionnairesQuestions posted by our beloved TRAPist - Adam H and Michael WalshCulture CornerLinks 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_linkSoundcore 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.ukhttps://podcasts.apple.com/gb/podcast/invest-like-the-best-with-patrick-oshaughnessy/id1154105909?i=1000620745533Centre 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/1678884881772822531Melissa Caddick Story https://podcasts.apple.com/ie/podcast/liar-liar-melissa-caddick-and-the-missing-millions/id1616444281High Performance App: https://apps.apple.com/us/app/the-high-performance-app/id1666796864Fidelity JISA fees: https://www.fidelity.co.uk/junior-isa/fees-and-charges/#tab-linkYou Are Not So Smart by David McRaney: https:/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 discussThree glowing reviews of the podcast, read by Andy in his inimitable styleTopical 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 ClientsQuestions posted by our beloved TRAPist - @Darren_Bilkey @Bill_n_e_wann @LlewelynBowen @kieranfowleyCulture CornerLinks referred to in the show:Future You 2023 Future You is Returning in September 2023DFA Matrix Book https://static1.squarespace.com/static/5a29de13e5dd5b5fb7021e6c/t/645e5f124644cd2b57964f39/1683906326686/matrix-book-2023_usd-us.pdfUnderstand Myself: https://www.understandmyself.com/More Perfect podcast - More Perfect on Apple Podcasts McEnroe Documentary McEnroe (2022) Official Trailer | Documentary | SHOWTIMEWatch AIR | Prime Video 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 discussThree glowing reviews of the podcast, read by Andy in his inimitable styleTopical 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 StrategyQuestions posted by our beloved TRAPist - Adam LiddelowCulture CornerLinks 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_WeeklyNL: 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.ukNL: The Tao of Charlie Munger: https://www.audible.co.uk/pd/Tao-of-Charlie-Munger-Audiobook/B01NCKVLOD?action_code=ASSGB149080119000H&share_location=pdpCW: 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 TalkCW: Metis Ireland Careers Careers - Metis Ireland | Your Plan, For LifeAH NExtGen Conference Financial Planning Conference | NextGen Planners AS AI For Business - SME and Financial ServicesAS Rockstar Series: Founder of Leon Henry Dimbleby in conversation with Alan Smith - Welcome to Home GrownTake 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 discussThree glowing reviews of the podcast, read by Andy in his inimitable styleTopical issues, including a DB Transfer Value tracker site; eye-watering Quilter charges; Alan having a live Bulletproof Entrepreneur podcast eventMeat and Potatoes: Newbie Deep Dive with guest host Emmelia PowellQuestions 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 CornerLinks 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/9mzF9dPThe 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=1000614819713Prof G and Ryan Holliday https://podcasts.apple.com/gb/podcast/lessons-meditations-from-the-stoics-with-ryan-holiday/id1498802610?i=1000615259928Take 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 discussThree glowing reviews of the podcast, read by Andy in his inimitable styleTopical issues, including a review of the Adviser 3.0 conference and The Stig's car crash of financial mistakesMeat and Potatoes: How To Run The Initial Strategy/Blueprint MeetingQuestions posted by our beloved Trappists @burtong1 and @TobiasEvans1Culture CornerLinks 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=1h14m33sTimeline Charts 2023: https://go.timelineapp.co/charts23The 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 LifePhilip 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=cc51be8c81054d9fb9f3b4ff4276ce87CHC Directors jailed https://www.rte.ie/news/2023/0512/1383276-custom-house-capital/Andy's new mic - Rode - https://amzn.to/425IJIT 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 discussThree glowing reviews of the podcast, read by Andy in his inimitable styleTopical issues, including Carl attending The Real Deal; TRAP being shortlisted for a podcast award; getting encouraged by podcast-meister Steven Bartlett; Berkshire Hathaway 2023 AGM; HUM London and South Africa on the horizon; Lisbon as a decent city breakMeat and Potatoes: Getting To Know YouQuestions posted by our beloved Trappists Tom R and @burtong1    Culture CornerLinks referred to in the show:Interested in coming on the show as a Guest Host? Apply here: https://docs.google.com/forms/d/e/1FAIpQLScspw4v7Jq8Amuas2faXX3oIRxoZH-WdkE-r4zA_h7RoWXlLw/viewform?usp=sf_linkCEK Worldwide Total Client Profile: http://www.cegworldwide.com/downloads/bt-book/eb_ceg_sample_tcp.pdf Just Ask! Graham Eisner  Just Ask! 7 simple steps to unlock the power of clients, generate referrals and double your business PaperbackJames Dyson - Invention: A Life https://amzn.eu/d/dpXxyiPThe Bet: Paul Ehrlich, Julian Simon, and Our Gamble Over Earth's Future https://amzn.eu/d/6jKIogNMerryn Somerset Webb's Tweet on why the UK stock market continues to shrink: https://twitter.com/HatTipNick/status/1654228720771641344Decent virtual financial planner website. Kindness Financial Planning, Elliott Appel: What Is It Like Working With a Virtual Financial Planner?On Healing with Brendan Ring https://podcasts.apple.com/ie/podcast/on-healing/id1682268935?i=1000611458696Michael Lewis https://www.pushkin.fm/podcasts/against-the-rules - https://podcasts.apple.com/gb/podcast/against-the-rules-with-michael-lewis/id1455379351 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 discussThree glowing reviews of the podcast, read by Andy in his inimitable styleTopical issues, including the possible return of annuities; Colin Lawson's fresh approach to realising business capital; resolution of the Neil Woodford fiasco; Irish Life causing ripplesMeat and Potatoes: Critical Non-Essentials: refining the client experienceQuestions posted by our beloved Anon (!) and David MilneCulture CornerLinks referred to in the show:Colin Lawson The Elegant ExitBuilt on a Lie: The Rise and Fall of Neil Woodford and the Fate of Middle England's Money Hardcover – 4 Mar. 2021Critical Non-EssentialsAlex Hormozi book - $100m offers $100M Offers: How To Make Offers So Good People Feel Stupid Saying No: Amazon.co.ukPodcast The Bank of Dave Fighting Against the Elite - David Fishwick Tells His Story The Bank of Dave Fighting Against the Elite - David Fishwick Tells His StoryHow to Invest David M. Rubenstein How to Invest David M. Rubenstein UK RPI Charts: UK Retail Price Index (I:UKRPI)FT Adviser Podcast pushing annuities: https://pca.st/te9yp8ylNeil Woodford payout over suing: Taking Woodford payout ‘will mean you cannot sue'All In Pod featuring Space X launch https://podcasts.apple.com/ie/podcast/e125-spacex-launch-fox-news-settlement-zombie-corn/id1502871393?i=1000610141959Irish Life launch Unio Irish Life owner launches new wealth management advisory firm - Independent.ieStephanie Bogan on delivering a Michelin Star client meeting https://www.linkedin.com/pulse/deliver-michelin-star-client-experience-four-steps-stephanie-bogan/Horst Schulze on Twitter https://twitter.com/horstschulze?s=20Nick's Ten Minute Loom Tech Masterclass: 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 discussThree glowing reviews of the podcast, read by Andy in his inimitable styleTopical issues, including Mr Hart's Maven Money podcast breaking through 1M downloads (really); the decline in size of the UK stock market; Chat GPT - a threat?; more nonsense around risk scalesMeat and Potatoes: Man Plans and God Laughs. Whilst planning for the future is important, so is giving clients permission to live their best lives now.Questions posted by our beloved Trappists @TobyHines @emmeliapowellCulture CornerLinks referred to in the show:New podcast from Brad Johnson: https://podcasts.apple.com/ie/podcast/do-business-do-life-the-financial-advisor-podcast-dbdl/id1677151221?i=1000604267590“Unreasonable Hospitality” by Will Guidara: https://www.amazon.co.uk/gp/product/0593418573/ref=x_gr_bb_amazon?ie=UTF8&tag=x_gr_bb_amazon-21&linkCode=as2&camp=1634&creative=6738Audere Consulting: https://audere.com.au/Modern Wisdom podcast: https://open.spotify.com/show/0XrOqvxlqQI6bmdYHuIVnrJP Morgan Guide to the Markets: https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/market-insights/guide-to-the-markets/mi-guide-to-the-markets-uk.pdf=========================== ===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 discussThree glowing reviews of the podcast, read by Andy in his inimitable styleTopical issues, including Ireland scraping home against a severely depleted England; massive pension changes in the UK; an MBO with Métis Ireland.Meat and Potatoes: Keep It Simple Stupid (KISS). Why do so many overcomplicate?Questions posted by our beloved Trappists @matt_aitchison, Colin BatesCulture CornerLinks referred to in the show:NL: Inside Vanguard: Leadership Secrets From the Company That Continues to Rewrite the Rules of the Investing BusinessAS: BBC iPlayer - Billion Dollar Downfall: The DealmakerAS: Ravenous: How to get ourselves and our planet into shape Kindle EditionCW: 6 – The Kerry Babies Murder & familial false confessions Mens Rea: A true crime podcastNick's Loom video re simple, repeatable, scalable workflows: https://www.loom.com/share/8b2724bccaf3410d830194b6ddeb641fRoger Edwards Tweet on how hard it is to keep things simple: https://twitter.com/Roger_Edwards/status/1638224572058050584AH Modern Wisdom https://modernwisdom.libsyn.com/385-gurwinder-bhogal NL: Yodelar, a brilliant one-stop website for dissecting expensive Wealth Managers. Here's a demolition job on Fisher Investments: https://www.yodelar.com/insights/fisher-investments-review?fbclid=IwAR1yiwT1wJmYlMurCQCMmQ27MAW6thDhvOf-Kf--zzqesWdGN-6CtT6BZHEAEGON reduces cash interest rates on its platform, as savings rates rise! https://citywire.com/new-model-adviser/news/aegon-slashes-platform-interest-on-cash-amid-boe-rate-hikes/a2411936Our first twitter thread https://twitter.com/simonjgladding/status/1639235645280493569?s=46&t=sRHfdIQon2TfFJRFg7K23wMetis Ireland complete MBO https://metisireland.ie/metis-ireland-now-wholly-owned-by-its-staff-and-board/======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 St Patrick's Day Special latest pile of TRAP, the Trap Pack discussThree glowing reviews of the podcast, read by Andy in his inimitable styleTopical issues, including one IFA saving a client from a £450,000 fraud; the road to hell that is pension Lifestyling; the unbelievably rapid demise of the Vanguard advice experimentMeat and Potatoes: St James's Place - a commercial behemoth. But at what cost?Questions posted by our beloved Trappists @RossTaylorFP @cianmetiscfpCulture CornerLinks referred to in the show:Something to put in front of your vulnerable clients re scam dangers: https://www.dropbox.com/s/fa9vvp5eyq16io8/20230309%20How%20Frauds%20Work%20and%20How%20To%20Avoid%20Being%20a%20Victim.docx?dl=0Vanguard chief defends decision to pull asset manager out of climate alliance https://on.ft.com/3EnzwlUList of things Vanguard said they couldn't or wouldn't advise on: https://www.professionaladviser.com/news/4030168/reasons-stay-away-vanguard-lists-strict-criteria-advice-serviceAndy's Money Marketing article of 10th February: https://www.moneymarketing.co.uk/opinion/andy-hart-financial-advice-will-always-be-a-luxury-product/Black Rock pulls out of US robo advice market: https://citywire.com/pro-buyer/news/ritholtz-buys-book-of-biz-from-blackrocks-shuttering-robo-advisor/a2410658AS: Experiments in Advisor Marketing   https://pca.st/episode/65863b6f-524b-457f-a406-2ab1b57fab3fNL: Business Breakdowns: IPL: The World's Fastest Growing Sports League https://pca.st/0x2iywpxAH: Morgan Housel podcast - https://podcasts.apple.com/us/podcast/the-morgan-housel-podcast/id1675310669 CW: Bloomberg explainer on SVB debacle https://www.bloomberg.com/opinion/articles/2023-03-10/startup-bank-had-a-startup-bank-run?utm_source=website&utm_medium=share&utm_campaign=copy=========================== ===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 discussThree glowing reviews of the podcast, read by Andy in his inimitable styleTopical issues, including positive feedback on the previous episode 13; the ridiculousness of fund risk ratingsMeat and Potatoes: Why ambiguity is such an inherent part of real financial planning. And the Trap Pack's top tips for newbies to this mighty profession.Questions posted by our beloved Trappists @joshgerstler @dirkgroeneveld @ComradesNicCulture CornerLinks referred to in the show:Redefining the Retirement Income Goal by David Blanchett: https://blogs.cfainstitute.org/investor/2023/02/09/redefining-the-retirement-income-goal/Stuart Kirk on the FT Money show: https://pca.st/episode/56643c2a-8d30-4797-8d13-80b4f5fc601d Charlie Munger Daily Journal 2022 https://www.youtube.com/watch?v=9VVPO3KWj3A&t=7894s Abe's conference: Adviser 3.0Carl's book: https://www.audible.co.uk/pd/Vivid-Vision-A-Remarkable-Tool-for-Aligning-Your-Business-Around-a-Shared-Vision-of-the-Future-Audiobook/B07RYN3D5R?eac_link=czAmma8BEMx3&ref=web_search_eac_asin_1&eac_selected_type=asin&eac_selected=B07RYN3D5R&qid=dMh1tmNve9&eac_id=260-7128613-5251256_dMh1tmNve9&sr=1-1Morgan Housel podcast with Prof G: https://podcasts.apple.com/gb/podcast/the-psychology-of-money-with-morgan-housel/id1498802610?i=1000601235289https://twitter.com/alanjlsmith/status/1525117666788143104?s=46&t=HybIyJF1scu8BFCL0L4hIgIFA Forum: http://www.tiny.cc/ifaforumTake 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 discussTopical issues, including the PFS's escalating legal bills; an as-yet-unnamed IFA with his/her/their fingers in the till; VCTs - good enough for Nick but not for clients; Value for Money Statements; our Trappist Six Nations meet and greet at The Royal Oak, MaryleboneThree glowing reviews of the podcast, read by Andy in his inimitable styleMeat and Potatoes: helping clients transition to the next stage whilst also looking after our own mental wellbeingQuestions posted by our beloved Trappists @RightGilmore @matt_tumbersCulture CornerLinks referred to in the show:PFS legal costs were £800,000 in 2022: https://citywire.com/new-model-adviser/news/pfs-spent-800000-on-cii-legal-and-loan-advice/a2407879Rory Sutherland on Ep190 of Modern Wisdom: https://pca.st/bu1c0b91A Path Through The Jungle: https://www.audible.co.uk/pd/A-Path-through-the-Jungle-Audiobook/B09JSYVLGX Maro Itoje podcast: https://podcasts.apple.com/gb/podcast/e176-maro-itoje-the-distinction-between-high/id1500444735?i=1000598153649Carl's blog for himself: https://metisireland.ie/put-on-your-own-mask-first-my-mission-for-2023/John Dashfiled question stack: https://clientcentredadvisers.com/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.

****SLIGHT TECHNICAL ISSUES AT 50m AND 65m - STICK WITH IT!****In this latest pile of TRAP, the Trap Pack discussTopical issues, including a Trappist Six Nations rugby shindig on 4th Feb - all Trappists welcome! Come meet the Trap Pack and inhale some of their greatnessThree glowing reviews of the podcast,  read by Andy in his inimitable style Meat and Potatoes: The Client Acquisition Process in great depth. Also: Client Surveys - good and bad experiencesQuestions posted by our beloved Trappists @rfm1, @TheFinancialP70, Graham RCulture CornerLinks referred to in the show:NFC business cards: https://v1ce.co/Home Grown business networking club/hotel: https://homegrownclub.co.uk/Venue for the 4th Feb Six Nations shindig: https://www.theroyaloakmarylebone.co.uk/Nick on Abraham Okansanya's Retirementals podcast: https://www.retirementals.co.uk/episodes/episode-47-bond-brawl-abraham-vs-nick-lincolnSimon Sinek podcast: https://simonsinek.com/podcast/In Good Company podcast: https://shows.acast.com/in-good-company-with-nicolai-tangen/episodes/michael-oleary-ceo-of-ryanairFounders podcast: https://founders.simplecast.com/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 discussTopical issues, including a Trappist Six Nations rugby shindig on 4th Feb - all Trappists welcome! Come meet the Trap Pack and inhale some of their greatnessA glowing review of the podcast, incredibly mangled by AndyMeat and Potatoes: The Client Acquisition Process in great depthQuestions posted by our beloved Trappists Dar, @JcolcloughFP, @MAPSinclairCulture CornerLinks referred to in the show:“Midnight In Sicily” by Peter Robb: https://www.amazon.co.uk/Midnight-Sicily-Vintage-Classics-Peter/dp/009959580X/ref=asc_df_009959580X/?tag=googshopuk-21&linkCode=df0&hvadid=310891088870&hvpos=&hvnetw=g&hvrand=16607971176645754484&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9046037&hvtargid=pla-469120406857&psc=1&th=1&psc=1Executive Fit Club: https://www.executivefitclub.com/Venue for the 4th Feb Six Nations shindig: https://www.theroyaloakmarylebone.co.uk/Equitable Life: https://amp.theguardian.com/business/2004/mar/08/businessqandas.equitablelifeDrive: The Surprising Truth About What Motivates Us: https://www.amazon.co.uk/Drive-Daniel-H-Pink/dp/184767769XShaping Wealth programme https://www.shapingwealth.com/ocboBad Sisters: https://tv.apple.com/ie/show/bad-sisters/umc.cmc.14kr4vv65unannh7doqgvlh20Take 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 discusstopical issues, including the spat between the CII and PFSa discussion on the big regulatory elephant in the room: Consumer Duty a great question about fees from Devoted Trappist Dan Weston (@mcfplanning)questions posted by our beloved Trappists Chris Thompson and Martyn SalesCulture CornerLinks referred to in the show:White Lotus Season Two - where to watch it: https://www.radiotimes.com/tv/drama/the-white-lotus-season-2-release-date/Surrender by Bono: https://amzn.eu/d/hE4KOjSOptimize:.https://apps.apple.com/us/app/optimize-with-brian-johnson/id1135159918?ls=1Save the PFS https://ourpfs.co.uk/Monk Mode https://www.coaching-online.org/monk-mode/ 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 TRAP Christmas Special, the Trap Pack devote an entire show to answering questions from our beloved Trappists.On that note: the Pack would like to say a big “thank you” to all our dear Trappists who have made the show a success to date. We have plans to develop the show further and can only do it with the boost to our egos your feedback and support give us.We wish all of you a very Happy Christmas and hope you smash 2023! And please keep sharing TRAP with your peers and colleagues.Now, on with the show, in which the Trap Pack answers questions from our beloved Trappists @matt_aitchison @matt_tumbers @EssentiallyLtd @benjaminalves10 @mantaromoney @Mr_Munker @FaithLiversedge @AmGhai @JPotter5 @jambohughes1 @RobS_Kingmakers @PhilDouglasDon @joefroudfpfs @thefinancialP70 @darbiter @bluewaterfpTake 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 chaps discussWhich coaches and external influences have had the most impact on our development as financial planners/peopleBusiness planning for the next 12 months: who does this and why?The Trap Pack answers questions from our beloved Trappists @gp_mantini and Ben FCulture CornerLinks referred to in the show:Artificial Intelligence: ChatGPT: Optimizing Language Models for DialogueThe Godfather, Mario Puzo: https://www.amazon.co.uk/Godfather-Mario-Puzo-ebook/dp/B009GJ870QUK Tax App: Android: https://play.google.com/store/apps/details?id=com.geekycoders.uktaxcalculators&hl=en_GB&gl=USApple: https://.apps.apple.com/gb/app/uk-tax-calculators-2022-2023/id460977743Take 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 chaps discussExamples of real financial planning and how it transforms people's livesFTX and Scam Bankrupt-FraudThe TRAP team answers questions from our beloved Trappists @Aron Gunningham and @JoshuaBromilowCulture CornerLinks referred to in the show:Spoof Larry David February 2022 advert for Sam Bankman-Fried's FTX fraud, with over 11M views: https://www.youtube.com/watch?v=noekVG8XLQICitymapper app: https://citymapper.com/?lang=enHigh-Performance Podcast: https://podcasts.apple.com/gb/podcast/the-high-performance-podcast/id1500444735The Geometry of Wealth: How to Shape a Life of Money and Meaning https://www.amazon.co.uk/dp/B07N8J4V8G?ref_=cm_sw_r_apin_dp_RT8RXAAABAQZWGN3PQM7Take 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 chaps discussThe pros and cons of the solo adviser v intentionally growing a practiceThe TRAP team answers questions from our beloved Trappists @SeanBanksFP and @Andy_ReynoldsCulture CornerAnd be sure to listen to the end, when nothing much happens.Links referred to in the show:The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It https://amzn.eu/d/fCdI6AvCharles Schwab Business Breakdown podcast: https://podcasts.apple.com/gb/podcast/charles-schwab-the-8-trillion-dollar-gorilla/id1559120677?i=1000570572972Episode 102 of The All-In Podcast: https://youtu.be/A-bIpJdaCnMSwindled Podcast - https://swindledpodcast.com/ 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 chaps discussThe passing of Ian Taylor, truly a visionarySouth African shenanigans with Andy and NickCarl talks about the common phenomenon of Imposter SyndromeAndy talks about Beauty ParadesThe TRAP team answers questions from our beloved Trappists Sam B and Will SCulture CornerAnd be sure to listen to the end, when nothing much happens.Links referred to in the show:Jordan Peterson's “Essay” software, a browser-based word processor package to help you write better: https://www.youtube.com/watch?v=XHIhtWPpDVIThe Human Side of Money: Episode 28 https://podcasts.apple.com/us/podcast/the-human-side-of-digital-marketing-with-samantha-russell/id1509519096?i=1000529593876JP Morgan Guide to the Markets: Guide to the Markets | J.P. Morgan Asset ManagementReadwiseTake 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 chaps discussAndy leads off with a recap of the annual CISI shindig in Liverpool and a discussion on what are the aspects of the ideal client profileNick recounts his lessons from the latest Nick Murray Behavioural Investment Conference, “This Is A Football”Alan talks (forever) on Mastermind Groups and the Ideas Exchange, a Chatham House group he has belonged to for the best part of 20 years.The TRAP team answers questions from our beloved Trappists @WomenFinanceNI @Juniper_JonCulture CornerAnd be sure to listen to the end, when nothing much happens.The links referred to in the show are here:Robo Advisers struggling to retain assets:  https://www.investmentnews.com/robo-advisers-struggling-retain-investors-in-2022-research-finds-227476Vanguard VFAM paper: https://corporate.vanguard.com/content/dam/corp/research/pdf/the_value_of_personalized_advice_final.pdfBrett Davidson White Paper: https://fpadvance.com/whitepaper/stand-out/Kitces Financial Planning Value Summit https://www.kitces.com/kitces-financial-planning-value-summit-2022/?utm_source=ActiveCampaign&utm_medium=email&utm_content=%F0%9F%90%A6+Early+Bird+Special+Offer+For+The+Next+Kitces+Summit&utm_campaign=2022+Value+Summit+Email+%231+-+Early+Bird&vgo_ee=otYzsrRSLe7UaoC1WSrcVBgJV8GuZN5Xeqtr%2F5Ba25A%3DSarah Blondin on Insight Timer https://insighttimer.com/sarahblondinTake 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 chaps discussThe bond market tumult and how we're dealing with our client's behaviours during this time.The TRAP team answers questions from our beloved Twitter Trappists @JamesMaston88 and @JoshuaBromilowCulture CornerAnd be sure to listen to the end, when nothing much happens.The links referred to in the show are here:Financial Advisor (sic) Success podcast with Micheal Kitces Ep300: The Evolution Of The Advice Business At Scale And The True Power Of Brand With Joe DuranSamson mic on eBayhttps://www.netflix.com/gb/title/81404807?s=i&trkid=13747225&vlang=en&clip=81606692Take 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 chaps discuss:The UK's Not-A-BudgetCommission shenanigans in IrelandThe Onboarding Process/Welcome MeetingsModel Portfolio Services (MPS) - What is their point and is Blackrock entering this area a big thing or not?Culture CornerAnd be sure to listen to the end, when nothing much happens.The links referred to in the show are here:A 5-Step Prospecting Process To Sell Your Advisor Value With Greater Confidence And TrustWatch Get Smart With Money | Netflix Official SiteThe Tim Ferriss Show: #618: Roelof Botha — Investing with the Best, Ulysses Pacts, The Magic of Founder-Problem Fit, How to Use Pre-Mortems and Pre-Parades, Learning from Crucible Moments, and Daring to Dream on Apple Podcastshttps://www.cegworldwide.com/EP529 of Modern Wisdom podcastTake 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 chaps discuss:Carl's Big Event;The importance of Showing Your WorkHow difficult it can be to remain Present and In The MomentAnd be sure to listen to the end, when nothing much happens.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.

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.