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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

59:52

S2E12 Binding Financial Agreements With Jemma Mackenzie

Challenge the Standard in Financial Advice ·

2024/08/16

There's no such thing as a pre-nup in Australia right? That's at least what many people believe. This week, Jordan and Nathan welcome special guest Jemma Mackenzie from Forte Family Lawyers on the podcast to dispell that myth, and explore the how and why of Binding Finanical Agreements for people before a relationship, during a relationship or after a relationship. You can reach Jemma at https://fortefamilylawyers.com.au/ As always you can reach us on linkedin or at jordan@planningsolo.com.au

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58:44

S2E11 Out On Your Own

Challenge the Standard in Financial Advice ·

2024/08/08

Going out on your own isn't for the faint of heart - it's intimidating, stressful and plain old hard. However, it can also be tremendously rewarding building your own thing, the way you think it should be done. So this week, Jordan and Nathan explore what it looks like to really go out on your own. Between them, they've started more than their share of financial planning firms, so they bring that experience to the discussion. Because financial advice does offer individual advisers a greater

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54:35

S2E10 Client Capacity

Challenge the Standard in Financial Advice ·

2024/07/04

In this week's episode, Nathan and Jordan examine a big issue that ALL practitioners are going to have to confront in their career - our client's capacity to provide details, instructions and decisions with our advice. Nathan and Jordan discuss: What IS client capacity and what are the different forms it takes? Why should financial advisers care? What are some tips for advisers to follow when navigating this complex area? What are the limits of adviser responsibility and involvement? What can we

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59:14

S2E9 Values Based Advice

Challenge the Standard in Financial Advice ·

2024/06/27

Financial advice is financial advice. Simple, right? Well, not when you think about the evolving spectrum of options we advisers have to choose from. Do you want to focus on technical advice? Product advice? Goals-based advice? Or values-based advice? Or something different again? What are these different approaches, what motivates these distinctions and, crucially – does who stands to benefit determine what they really mean? Nathan and Jordan explore the different ways to approach advice, discuss

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01:01:49

S2E8 CSLR with Phil Anderson

Challenge the Standard in Financial Advice ·

2024/06/20

Has the advice profession ever been as united as it is now in the face of the Compensation Scheme of Last Resort? Nathan and Jordan have certainly spent more time than is healthy railing about it - even to the point of alluding to these eye-rolling sessions of exasperation in recent episodes. But instead of just ranting and raving, we thought the more sensible path would be to invite a knowledgeable, qualified, reasoable adult on to explain thing and answer our questions. Which is why we're so

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46:37

S2E7 June 30

Challenge the Standard in Financial Advice ·

2024/06/13

It's that time of year again! Where we advisers put ourselves under huge amounts of pressure to meet the deadline of the end of the financial year. From superannuation contributions to CPD points to those hardy souls still running on a year-end FDS regimen, it's a time of strain, pressure and, to be honest, sacrifice. So Jordan and Nathan spend some time in this week's episode discussing what June 30 often means for financial advisers how that experience can be improved the value in respecting

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57:14

S2E6 A Game of Numbers with Phil Thompson

Challenge the Standard in Financial Advice ·

2024/06/06

Risk advice is dead - but nobody seems to have told this week's guest, Phil Thompson of Skye Wealth. Phil's a business person who happens to own one of the fastest growing and, to our knowledge, most efficient risk-only practices in the country. In this week's episode, he helps us better understand: The perpetual evolution of systems, processes and policies that drive his business How his focus on data - and willingness to share that data - helps move the world of risk advice into the future Why

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50:25

S2E5 Professional Year

Challenge the Standard in Financial Advice ·

2024/05/31

In this week's episode, Jordan and Nathan discuss the Professional Year. We're a few years into this addition to our profession, so they discuss it from a few different perspectives: How it compares to how other professions tackle the idea of on-the-job experience. the opportunities it offers new advisers, employers and the profession as a whole. some views on it from an employer's perspective. The tension between academic knowledge, on-the-job experience and the qualitative/quantitative aspects

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37:54

S2E4 End of Life Pt 2

Challenge the Standard in Financial Advice ·

2024/05/24

If you're a financial adviser for long enough, you're going to come up against one of life's inevitabilities - the death of a client. And, because you're a diligent financial adviser, your client will have been well prepared. Insurance in place. Estate planning sorted. Wealth invested soundly. But, Nathan and Jordan ask in part of of a double-episode, should we actually do when the time comes? What are the procedural steps financial advisers should be taking when they learn of a clients

en-au

45:28

S2E3 End of Life Pt 1

Challenge the Standard in Financial Advice ·

2024/05/16

If you're a financial adviser for long enough, you're going to come up against one of life's inevitabilities - the death of a client. And, because you're a diligent financial adviser, your client will have been well prepared. Insurance in place. Estate planning sorted. Wealth invested soundly. But, Nathan and Jordan ask in part 1 of this double-episode, should we actually do when the time comes? What are the procedural steps financial advisers should be taking when they learn of a clients

en-au

56:34

S2E2 Your Lifestyle Business with James D'Apice

Challenge the Standard in Financial Advice ·

2024/05/09

Look, I'll be honest - I don't really know how to caption this episode. It's chaotic, it's hilarious, it's interesting and it was fun as all get out to record. We're joined by James D'Apice, of Gravamen Law and the Coffee and a Case Note podcast. And, wooee, does it get wild. Belt up, listen in and join us for the ride. Plus, you can reach James via: https://gravamen.com.au/ James d'Apice | LinkedIn YouTube And everywhere else the internet sun touches. You can get in touch with Nathan via

en-au

56:25

S2E1 Practical Efficiency with Sacha Burchgart

Challenge the Standard in Financial Advice ·

2024/05/02

This weeks episode has Nathan and Jordan talking with the inaugural FAAA Adviser of the Year - Sacha Burchgart. Jordan manages to absolutely mangle the intro - rolling through all sorts of mistakes - before leaving it up to Sacha and Nathan to save the episode. In doing so, they discuss: The efficiencies Sacha has found by rolling out a practical tech stack. The critical importance of staff buy-in to the plans of the practice owner. How empowering staff helps make things 10x better. How Sacha

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44:30

S1E20 Long Story Short with Jayden Adams

Challenge the Standard in Financial Advice ·

2024/04/19

This week the boys are joined by Jayden Adams, Director and Financial Adviser at Adams Financial Group. Knowing from a young age he wanted to be a financial adviser, but not knowing the best path Jayden takes Nathan and Jordan through his journey to date, and what he wish he knew earlier, to empart on upcoming financial advisers. Jayden recently won FAAA Gen Next Rising Star of the Year 2023, and he also explains how that process improved his business and his vision for the future of his

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51:52

S1E19 Annuities

Challenge the Standard in Financial Advice ·

2024/04/11

Back to a technical topic, this week the boys discuss Annuities, looking at How they work Where adviser reluctance may come from How to identify clients that Lifetime annuities may be appropriate for What to watch out for And of course a bit of off topic banter. Remember, this is just a podcast and is not to be taken as financial advice. As always, Nathan can be reached via advice@nathanfradley.com.au, and Jordan via jordan@planningsolo.com.au. They're also both very fond of responding to

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46:09

S1E18 (Relevant) Risk Profiling

Challenge the Standard in Financial Advice ·

2024/04/04

In this episode, Nathan and Jordan tackle the (at-times controversial) risk profile questionnaire. Where does it come from? How relevant is the old tick-box questionnaire in a modern advisory practice? How can it protect clients, and advisers? And how can advisers take what's often been viewed as a perfunctory exercise in nothingness and make it useful, valuable and interesting for the clients they serve? As always, Nathan can be reached via advice@nathanfradley.com.au, and Jordan via

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52:03

S1E17 James O'Reilly

Challenge the Standard in Financial Advice ·

2024/03/28

In this week's episode, Nathan and Jordan speak with James O'Reilly of Northeast Wealth. James - a long-time challenger of the standards in financial advice - discusses: The uniquely tantalising idea of Budget night in a house full of financial advisers. His path to building a practice aligned with his values, beliefs and priorities. The small steps they took as they made the BIG decision to only work with ethically aligned investments. The opportunity financial advisers have ahead of them to

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53:07

S1E16 Divorce

Challenge the Standard in Financial Advice ·

2024/03/21

Divorce is one of life's most tumultuous transitions. So the more assistance and guidance you can get as you navigate that path, the better. But, as Jordan and Nathan explore in this episode, it can be hard to work out where financial advice can fit in the picture. After several years focusing in the area, they discuss: The three phases of the divorce process The differences between a divorce and a property settlement Recognising where we fit in the advisory hierarchy (hint: it's not at the top)

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59:27

S1E15 Video SOAs

Challenge the Standard in Financial Advice ·

2024/03/14

This week, we're discussing Video SOAs. What are they, how are they helpful and - most critically - what are they NOT? Jordan spends some time unpacking the process he follows in preparing advice, and Nathan provides clear guidance on how reviewing and rejigging that approach can lead to better client, adviser and practice outcomes. If you've been wondering whether Video SOAs are all they're cracked up to be, then tune in to find out more about the practical realities of implementing such a big

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55:17

S1E14 Martin McGrath

Challenge the Standard in Financial Advice ·

2024/03/07

In this week's episode, Jordan and Nathan are joined by Martin McGrath of Financial Edge Group. An accomplished business owner and financial adviser, Martin is the winner of the FAAA's CFP of the Year award. In this episode, Martin takes us through: His journey from accountant to financial adviser to business owner to specialist. Why he decided to (strictly) focus his business on his chosen niche. The pros and cons of specialising his practice. The rewards of the FAAA awards process. Be sure

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01:04:16

S1E13 Super Performance (ASIC Report 779 Review)

Challenge the Standard in Financial Advice ·

2024/02/29

This week Jordan and Nathan explore the ASIC Report 779, exploring its aim, interesting findings and key takeouts and learnings for advisers. Before you doze off, the boys try to make this at least mildly interesting, covering How the report works, and why it was written. Why it's important you consider Performance when making investment recommendations. The role of licensees and research houses in supporting Super Choice decisions. And some other rants as is tradition. This is a longer than

en-au

112 results

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