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PODCAST

Challenge the Standard in Financial Advice

Nathan Fradley and Jordan Vaka

Welcome to the Challenge the Standard podcast - a podcast for financial advisers, by financial advisers. Your hosts, Nathan Fradley and Jordan Vaka, will examine the biases, fixed thinking and status quo in advice. In every episode, we"ll dive deep into the world of financial advice, questioning the norms, sparking new ideas and exploring how we could do things better. Our goal is to elevate our professional practices and "uphold and promote the standards of our profession. So, whether you"re a

business management

All Episodes

44:24

S1E12 Niching

Challenge the Standard in Financial Advice ·

2024/02/22

In this episode Nathan forgets to use his actual microphone so his episode sounds like he is recording from another room. Despite this, this is a great ep where Nathan and Jordan tackle the topic of niching in financial advice, in preparation for an upcoming series of episodes with various planners who found or chose their niche and became more successful because of it. Jordan and Nathan both describe how they found their niche; for Jordan, it was an active decion to choose his demographic, for

en-au

49:30

S1E11 Making Estate Planning Work with Lucy Percy

Challenge the Standard in Financial Advice ·

2024/02/15

This week, Nathan and Jordan speak with the wonderful Lucy Percy, of Head and Heart Estate Planning, to explore how financial advisers and estate planning solicitors can work together. Most advisers know that estate planning is a key part of their clients financial arrangements - but actually making it work can be really difficult. How do you bring up the conversation? Who do bring in to help your clients? And, when do bring them in? Finding people that you want to work with, that work in a way

en-au

44:07

S1E10: Misrepresenting Value

Challenge the Standard in Financial Advice ·

2024/02/08

This week, Nathan and Jordan address a big topic that might ruffle a few feathers - misrepresenting the value we provide clients in our advice. This episode covers a lot of ground, including debating where the value actually is in what we do how the use of projections in our advice can be a two-edged, and dangerous, sword Why, if they're not tailored, then they're useless And how a recent FSCP decision demonstrates the huge potential for misrepresentation to blow up in our faces. Also - a

en-au

40:31

S1E9 The Value of Advice

Challenge the Standard in Financial Advice ·

2024/02/02

In this week's episode, Jordan and Nathan start exploring the big and exciting topic of 'Value of Advice'. The guys discussdiscuss a few of the big questions: Where does the value of advice sit? Is it in the quantitative benefits our advice brings to the lives of our clients? Or is it in the qualititative benefits that come with good advice? The tangible? Or the intangible? Both? Neither? How do we measure this value - and do we even need to? And why is it even worth discussing this

en-au

45:08

S1E8 Super Switching

Challenge the Standard in Financial Advice ·

2024/01/25

Jordan and Nathan tackle the fundamental, but complex topic of Superannuation switching, and the ethical considerations that appear. They discuss the history of Superannuation products, investment philosophy, replacement, tradeoff discussions, Industry Funds versus Wrap accounts and the ethical challenges advisers face when looking at product replacement.

en-au

46:32

S1E7 Tax Deductible Advice Fees with Conrad Travers

Challenge the Standard in Financial Advice ·

2024/01/18

The ATO's release of Tax Determination 2023/D4 in late 2023 was swept up in the QAR kerfuffle. But it's a big, positive change worth talking about. 'Tax deductible' advice fees has felt like a pipedream for financial advisers for a long time. But a committed group of professionals, led by the FAAA, have spent over four years on making it a reality. So Nathan and Jordan invited Conrad Travers, a member of the group,on to the podcast to discuss just what it all means. They discuss: Where we were

en-au

44:33

S1E6 Introduction to Aged Care

Challenge the Standard in Financial Advice ·

2024/01/11

This first episode of 2024 has Jordan and Nathan exploring the world of Aged Care in Australia. Nathan's deep expertise in the area is obvious as Jordan assumes the (comfortable?) role of Ignorant Idiot - asking Nathan questions other advisers might be too embarrassed to ask. If all you know about Aged Care advice comes from those times you visited your Nan, then this episode will help you better understand: The spectrum of options facing Australians in their later years. The complex combination

en-au

42:08

S1E5 Planners On Planning

Challenge the Standard in Financial Advice ·

2023/12/21

In this slightly more casual episode, Nathan and Jordan discuss how they make plans in their businesses. They go into detail about the structure they use to plan for the New Year - from their 'why', strategic objectives and tactical action plans. Bringing in their expertise from the worlds of fitness and strength training (Nathan) and doubt and discomfort with success (Jordan), they explore how financial planners can make effective plans in 2024 - and beyond. They cover the challenges and

en-au

40:23

S1E3 Ben Marshan and the Qualified Advisers

Challenge the Standard in Financial Advice ·

2023/12/14

Hot off the back of the most recent, and quite controvercial Quality of Advice review annoucements, Jordan and Nathan got Ben Marshan into the studio. Ben is a consultant for financial advice practices, having previously been the head of policy and engagement for the FPA. With his extensive experience in advocacy and lobbying the boys delved into what the latest annoucements would mean for advisers, and what they should do if they arent happy. You can find Ben on linkedin at

en-au

47:47

S1E4 AFCA Update October with Michael Miller

Challenge the Standard in Financial Advice ·

2023/12/14

In this episode Jordan and Nathan are joined by Michael Miller, Senior Financial Adviser at Capital Advisory in Canberra, an FAAA fellow, CFP, Textbook author and frequent contributor to the Financial Planning industry on all things ethics. They discuss Michaels blog where he summarises the AFCA and AAT determinations to provide learnings to the profession as a whole, as well as the role of AFCA. As will be the case whenever Michael visits they also looked at some recent determinations and broke

en-au

35:01

S1E2 FAAA Congress 23 Wrap Up

Challenge the Standard in Financial Advice ·

2023/12/14

en-au

43:11

S1E1 Pricing in Advice

Challenge the Standard in Financial Advice ·

2023/12/14

In this thought-provoking podcast episode, Jordan and Nathan explore the complexities of pricing in financial advice, taking a relatively high level look at the history of how financial advice has been priced, how firms approach it in modern context and the pros and cons of each approach. As always the boys dont take things too seriously, nor do they claim to have all of the answers. Don't forget to join the conversation on Linkedin https://www.linkedin.com/company/challengethestandard/

en-au

112 results

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