The Advice Show
Exclusive interviews and lively chat with a diverse mix of figures from the financial planning profession, personal finance and financial services.
Firms need to step up and stop diversity ‘lip-service’, Bravura says
How do we address the dearth of diversity in financial advice? NMA Reporters Zachariah Sharif and Nicola Blackburn are joined by Jonathan Hawkins, principal business consultant at Bravura Solutions, to discuss how firms need to step up, the current state of diversity and the urgency of the situation.
Monthly Roundup: Inheritance tax changes, FCA info requests and Aviva rumours.
In the last month, both political parties set out their vision for the economy, the FCA requested more and more information from firms, and Aviva’s share price rose amid rumours of a sale.
The future is data
In this episode of The Advice Show, Ian McKenna, founder of the Financial Technology Research Centre (FTRC), tells us how advisers need to address ongoing data challenges.
Wirecard reporter McCrum: ‘put your money in to things you understand’
Investors in the now-collapsed payment processing company Wirecard may have been willing to ‘explain away’ discrepancies in the company’s balance sheet due to close professional relationships with Wirecard CEO Markus Braun, according to investigative reporter Dan McCrum. In this episode of The Advice Show, McCrum reveals how Wirecard concealed a £1.7bn…
Inside Story of ESG episode 3: Culture Wars
In this episode, interviewees explain how political ‘flip-flopping’ on plans for a net-zero economy is discouraging asset managers from taking a stance on ESG. Morningstar’s ESG research lead for North America, ESG whistleblower Desiree Fixler, and other interviewees explain the impact this is having on the US sustainable investment industry…
Inside Story of ESG episode 2: FCA Exclusive
This week we talk greenwashing, SDR and ESG ratings in an exclusive interview with head of ESG Alicia Kedzierski from the FCA. Advisers share their thoughts – and criticisms – on the proposed regulation. As the FCA prepares to publish its biggest set of rules on ESG yet, The Advice Show…
Neurodiversity: How to attract and retain diverse talent
How can the industry accommodate different ways of thinking for advisers and clients? NMA chats to Katja Oakley-Bell, central investment proposition lead at Quilter, to see where can be improved and highlight best practice. Louise Allison, consultant at compliance firm Konexo and Holly Short, principal associate at Eversheds-Sutherland also join the…
Inside Story of ESG episode 1: Pioneers
As the FCA prepares to publish its biggest set of rules on ESG yet, The Advice Show has produced a podcast series reflecting on the history and tumult of the ESG investment industry. This three-part series explores ESG's humble beginnings in the advice world, the challenges now faced by the…
‘A massive lack of due diligence!’: Experts criticise DB pension administrators
An investigation by Citywire New Model Adviser found that former pension scheme members were threatened with legal action earlier this month. Pension scheme administrators including Capita and Mercer demanded the return of tens of thousands of pounds, after errors were discovered in transfer value calculations. Carla Langley, founder of The…
Monthly Round-up: Consumer Duty’s arrival, the fall of Gars and Abrdn’s £28m write-down
In another big month for New Model Adviser, consumer duty’s time finally came, the once-might Gars was merged away. The NMA reporters also discussed claims management firms targeting SJP clients, as well as industry gossip.
55% of UK adults don’t trust advisers. How do we turn this around?
New FCA data shows that the lack of trust in financial advice is as bad as ever. With failed firms still phoenixing, questions over independent advice, and the promotion of unregulated advice, the challenges for the industry are clear. How can we turn this around? We’re joined by co-founder of…
EBI’s CEO: Great stock-picking is more luck than skill
In an uncertain macroeconomic climate, the passive versus active debate rages on. Evidence Based Investing CEO Craig Burgess told NMA reporters why his firm favours passive investing in this climate, and just how low EBI’s prices will go. NMA Reporter Zach Sharif is joined by NMA’s Senior Investment Reporter Nicola…
Cash profits, tech and consumer duty: what's next for platforms?
Parmenion’s Mike Morrow discusses Intelliflo’s partnership with SS&C, the FCA’s cash margin concerns, and the impact of consumer duty. He is joined by NMA reporters Zachariah Sharif and Alicja Hagopian.
'Suing advisers on a weekly basis': dispatches from the US advice market
In the US, numerous issues are plaguing the IFA (‘RIA’) marketplace. How can the UK market avoid those mistakes? In this episode, Citywire RIA editor Ian Wenik discusses the fallout from too much private equity money in financial advice, from a lack of IPOs to cultural issues.
Monthly Round-up: Odey investigation, Consolidators up for sale, and private equity’s threat to platforms
In our first monthly roundup, the NMA reporters explore industry gossip, the biggest stories of the last month, and what’s yet to come. Last month, Odey Asset Management founder Crispin Odey was ousted from his firm, following allegations of sexual misconduct from 13 women. NMA revealed that advice consolidator Perspective…
The financial planning aha moment with Dimensional’s Dave Butler
Dimensional co-CEO Dave Butler joined the Advice Show during his first visit to the UK since the pandemic to discuss financial planning, AI in investing, and how Dimensional navigated markets in 2022.
Custom indexing with Fundment CEO
Fundment CEO Ola Abdul chats custom indexing, the new service his platform launched last month, which allows advisers to tailor index funds to their clients need. Custom indexing has made a big splash in the US market, in this episode we ask Abdul if it will take off in the…
Why do deals break down?
Nowadays, deals are completed all the time in the advice market, with more money flowing in than ever before. But not all deals get over the line. Dominic Rose, CEO at MKC Wealth, has completed over 100 acquisitions. He joins NMA Reporter Zach Sharif to talk about his biggest frustrations,…
The murky world of investor stewardship and why IFAs should care
Most ESG portfolio managers have a policy to engage with their investee companies to influence positive change. But what does the engagement process actually look like?In this episode, CEO of impact-focused technology company Tumelo, Georgia Stewart, discusses why advisers should pay closer attention to the murky world of investor engagement.
How advisers can evidence ‘fair value’ under consumer duty
Holly Mackay and Ed Dymott explore the 27 drivers of ‘fair value’, and what clients are looking for from their advisers.