In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including more Irish fraud, US rookie adviser failure rate, UK IFA profitability trends, Central Bank of Ireland on crypto, BestInvest’s Spot The Dog, Vanguard getting “expensive”, SJP and Polaris, boring CVs, US pension horror stories, another AI startup
• Meat and Potatoes: KPIs - Key People of Influence
• Questions posted by our beloved TRAPists Russ M and Ollie L (neither had socials)
• Culture Corner

Links referred to in the show:

• NL: turns out Hargreaves Lansdown DOES have a Slavery Policy. FFS. Goodnight, UK plc: https://x.com/HatTipNick/status/1824716616099156147
• CW: Investment Fraud alive and well in Ireland https://www.rte.ie/news/ireland/2024/0823/1466327-investment-fraud/#:~:text='Staggering'%20rise%20in%20investment%20fraud,%E2%82%AC28m%20stolen%20last%20year&text=Garda%C3%AD%20have%20warned%20of%20a,than%202021%20and%202022%20combined
• NL: Cerulli 2023 report into US adviser numbers and rookie failures: https://www.cerulli.com/press-releases/the-financial-advisor-industry-has-a-headcount-problem H/T to Ermos Erotocritou CFP https://www.linkedin.com/in/ermos?miniProfileUrn=urn%3Ali%3Afsd_profile%3AACoAAAIJTVEBxQYOFu0tzywLz5MvLmC_1bYQ2yo&lipi=urn%3Ali%3Apage%3Ad_flagship3_detail_base%3BXD36DPgCTYWqsIEDTo2ciQ%3D%3D
• AS adviser profitability trends https://www.professionaladviser.com/news/4343067/profits-financial-adviser-firms
• AH - HL cash rates https://www.hl.co.uk/charges-and-interest-rates - Trading 212 5.2% to 5% - Transact 4.95% - CD Impact - What do DFMs pay.
• CW: The Central Bank of Ireland view on Cryptocurrency https://www.centralbank.ie/consumer-hub/crypto-consumer-information#:~:text=Crypto%20is%20not%20a%20regulated,crypto%20and%20crypto-related%20products
• NL: https://www.ft.com/content/495a5329-c4f7-4731-938d-a2ef48851558 BestInvest’s “Spot The Dog”. H/T to Robin Powell.
• CW: Laya Healthcare increase prices again

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In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including FPSB Ireland making great strides, Truflation, the primacy of equities, CISI Chartered Status, Verve Incubator, Hargreaves Lansdown delisting, HUM London nearly sold out
• Meat and Potatoes: Much Ado About Nothing
• Questions posted by our beloved TRAPist https://twitter.com/JoinedUpJill
• Culture Corner

Links referred to in the show:

• Shrinking advice market https://www.moneymarketing.co.uk/news/access-to-advice-shrinking-as-firms-focus-on-clients-with-higher-assets/
• https://citywire.com/new-model-adviser/news/we-culled-20-of-our-clients-advisers-on-consumer-duty-one-year-on/a2447375?re=122463&refea=2113338&link_id=1678599
• AH - FT Funds offering protection from volatility fail to deliver in sell-off - https://www.ft.com/content/2d2ce18b-f842-4912-babf-f4b8c1190c0d
• CW - FPSB Ireland - 5-year strategic plan https://www.fpsb.ie/cfp-professionals-area/financial-planning-awareness/
• AS - Truflation - 37% since 2020 (BofE says 23% CPI!) https://truflation.com/calculator
• NL - despite recent market downside volatility, equities retain primacy: https://monevator.com/us-historical-asset-class-returns/
• AS - CISI creates Chartered status based on a number of years working.
• CW: Mind-boggling Irish pillar bank profits https://www.rte.ie/news/business/2024/0731/1462736-bank-of-ireland-h1-results/
• AS - Verve adviser incubator- last cohort of 2024 https://www.professionaladviser.com/interview/4342130/adviser-incubator-meet-graduate-rebecca-bonner
• AH - Kyle Walker divorce papers made public - https://assets.caselaw.nationalarchives.gov.uk/ewfc/b/2024/212/ewfc_b_2024_212.pdf
• NL/AH - Hargreaves Landsdown delisting: will the last company to leave UK plc please turn off the lights: https://www.thisismoney.co.uk/money/markets/article-13728573/Founders-line-850m-payday-Hargreaves-Lansdown-goes-private-5-4bn-takeover-agreed.html
• AH - FTSE 100 Pension Schemes -

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.

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In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including cyber security, Monzo pensions, DFA Matrix Book, Métis Ireland work award, Consumer Duty one year on, stupid market predictions from Morgan Stanley
• Meat and Potatoes: What’s Risk Got To Do With It?
• Questions posted by NO beloved TRAPist because of time
• Culture Corner

Links referred to in the show:

• Meat and Potatoes backstory:
  https://www.linkedin.com/posts/hattipnick_alan-smith-alanjlsmith-on-x-activity-7222193905272791040-cjlJ?utm_source=share&utm_medium=member_android
  https://x.com/alanjlsmith/status/1815729851082400199?s=46
• AH - Wealth giant Evelyn up for sale as Permira seeks exit for £1.5bn - https://www.thetimes.com/business-money/companies/article/wealth-giant-evelyn-up-for-sale-as-permira-seeks-exit-for-15bn-gtcnw2s5f
• AS - Monzo pensions https://monzo.com/pensions
• AS - New DFA Matrix book is out https://tinyurl.com/4bmxwsne
• CW: Metis Ireland featured in Best Places to Work https://www.linkedin.com/feed/update/urn:li:ugcPost:7218177619588976640/?actorCompanyId=1912648
• CW: Morgan Stanley - “markets should brace for a 10% correction”https://www.independent.ie/business/world/markets-should-brace-for-a-stocks-correction-of-10pc/a2102767540.html?mc_cid=97232c45dc&mc_eid=f47c629345
• AS - advice to younger financial planners https://www.linkedin.com/pulse/my-advice-financial-planners-entrepreneurs-alan-smith--ckkae?utm_source=share&utm_medium=member_ios&utm_campaign=share_via
• AS - Swim With The Sharks Without Being Eaten Alive: Outsell, Outmanage, Outmotivate and Outnegotiate your Competition https://amzn.eu/d/03sTVyQm
• NL: The Great Post Office Scandal by Nick Wallis: https://www.amazon.co.uk/Great-Post-Office-Scandal-multimillion/dp/1916302386
• CW: Do Business, Do Life Podcast with Brad Johnsonhttps://bradleyjohnson.com/episode/entrepreneur-in-therapy-brad-johnson/

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.

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Della Voce was bobbing along lost somewhere in the Atlantic; Storyteller was in an internet-lousy Turkey. So we had a guest host in Samantha Russell, a “Chief Evangelist” or something. Check out her profile here: https://www.linkedin.com/in/samanthacrussell/recent-activity/all/

In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including the Euros, TRAP’s first award (yes, really), IRIS, JP Morgan Guide to Retirement, Powerball winners fleeced, humans trusted more than AI (no shit), Schroders Adviser Survey 2024, Tavistock v Titan,
• Meat and Potatoes: Universal Marketing Truths
• Questions posted by our beloved TRAPist Jake: https://www.linkedin.com/in/jacob-parsons1664
• Culture Corner

Links referred to in the show:

• Sam - https://news.northwesternmutual.com/planning-and-progress-study-2024 (People of all generations trust humans significantly more than AI when it comes to helping them with their financial plans,
• NL - IRIS tax-return software: https://www.iris.co.uk/products/iris-elements/tax/
• AH - JP Morgan Guide to Retirement 2024 PDF https://am.jpmorgan.com/us/en/asset-management/institutional/insights/retirement-insights/guide-to-retirement/
• NL - US$60M Powerball winners fleeced by commission-based adviser: https://www.wsj.com/finance/investing/a-couple-won-the-powerball-investing-it-turned-into-tragedy-fc8fd31c?st=2kwdddr07zzvgb4&reflink=desktopwebshare_permalink
• AH https://advisoryai.com/
• Sam - wealth in America Edelman financial engines https://www.edelmanfinancialengines.com/wealth-in-america-2023
• NL: Schroders Adviser Survey 2024: https://mybrand.schroders.com/m/698c9b0d5bf92c4/original/Schroders-Adviser-Pulse-Survey-2024.pdf
• AS - Tavistock/Titan debacle https://www.cityam.com/titan-and-tavistock-descend-into-legal-spat-over-sustained-period-of-unacceptable-performance/
• NL: friend of the show Banker On Wheels, useful guide to indexes and comparison of MSCI v FTSE: https://w

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
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• 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 Della Voce’s 50th party, 12% commission for bust DFM, painful banking for IFAs, Vanguard’s 365 program, L&G workplace pension going into private equity, potential TRAP Tough Mudder team, Taylor Swift takes over Ireland, Debbie Condon’s LOA guide goes online, wasteful public pensions
• Meat and Potatoes: The Greatest Scandal of All
• Questions posted by beloved TRAPist Catherine Morgan: https://www.linkedin.com/in/catherine-morgan-a762a413/
• Culture Corner

Links referred to in the show:

• Della Voce’s 50th party, 12% commission for bust DFM, painful banking for IFAs, Vanguard’s 365 program, L&G workplace pension going into private equity, potential TRAP Tough Mudder team, Taylor Swift takes over Ireland, Debbie Condon’s LOA guide goes online, wasteful public pensions
• AH - The football, England 3 games away from lifting the trophy.
• Carl’s big birthday: https://www.youtube.com/shorts/SVTHjdpcFXU
• All - advising on potential changes – removal of TFC, pre funding school fees etc
• CW: 12% commission for bust DFM https://citywire.com/new-model-adviser/news/dfm-directors-banned-for-69m-commission-driven-bond-scheme/a2445021?re=121444&refea=1287904&link_id=1652775
• NL - business banking thread in IFA Forum: good reports on Revolut, NatWest/Mettle, Lloyds. Very negative on Santander. Tide, Metro and Starling blow hot and cold.
• AS - Be Long https://www.be-long.co/
• CW: Vanguard 365 Practice Management https://www.vanguard.co.uk/professional/vanguard-365/practice-management/marketing/how-to-build-your-professional-investor-bran
• AH - L&G Workplace pensions to be diverted into private equity https://www.thetimes.com/article/22a4b825-b0ab-443c-b84b-80c55fb6e6ad?shareToken=544da25f69a4c890d0ca6acbb7f806ad
• AS - TRAP Tough Mudder Team.
• DFA resources https://www.dimensional.com/gb-en/financial-professionals/dimensional-360/business-strategy
• CW: Taylor Swift hits Ireland
• NL - Debbie Condon’s LOA guide goes online. It’s £4pm plus VAT: https://www.intuitivesupportservices.com/register
• AS - Index Fund Advisors article https://www.ifa.com/articles/scandalo

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 discuss

• Topical 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 gaff
• Meat and Potatoes: Of Tournaments and Trophies: The Awards Industry
• Questions posted by our beloved TRAPist Tom N
• Culture Corner

Links referred to in the show:

• NL: reminder of how useful Hargreaves L online calculators are: https://www.hl.co.uk/pensions/tax-relief/calculator
• CW: 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=f47c629345
• AH - 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=5c0f02e19a8c5e3b990c965b10d058c8
• NL: 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_permalink
• AS - Vanguard TRAP Webinar on Adviser Alpha (300 registered - 200 attended live) Recording available https://event.on24.com/wcc/r/4584722/8D0D76D89A13CF7D9AF43C6FD0F9DD84
• AH - 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_desktop
• AH - The C Wor

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
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• 'Enjoy' the Twitter chat at @AdviserPodcast.

In this latest pile of TRAP, the Trap Pack discuss

• Topical 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 cuts
• Meat and Potatoes: Politics - do you or don’t you?
• Questions posted by our beloved TRAPist www.twitter.com/DomSpalding
• Culture Corner

Links referred to in the show:

• Vanguard TRAP landing page: https://www.vanguard.co.uk/professional/insights-education/events-webinars/vanguard-at-the-real-adviser-podcast
• Timeline TRAP landing page: https://www.timeline.co/trap-live
• CW: The US TRAP?! The Unlock https://www.youtube.com/watch?v=5GP-laLIlss
• AS - BTC ETFs arrive in the UK
• https://www.ft.com/content/76e9ecf3-4429-42c5-a945-43ab92abfda4
• AH 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-reforms
• AS - SPIVA Persistence Report Card https://www.spglobal.com/spdji/en/spiva/article/europe-persistence-scorecar
• CW: 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 R

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:

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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.