The Advice Show

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.

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. 

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 was up for sale, with private equity buyers looking like a safe bet....

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. 

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 UK and what its challenges and benefits are for advisers.

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, different acquisition models, and the advice market.

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.

Holly Mackay and Ed Dymott explore the 27 drivers of ‘fair value’, and what clients are looking for from their advisers.

Will interest rates stay higher for longer? When will central banks pause rate hikes? Could the US government really default on its debt? In this episode of The Advice Show we ask David Page, head of macro research at Axa Investment Managers, to break down the macroeconomic unknowns affecting financial markets and how these could impact client portfolios. 

Ian Evans, head of later life advice at FiveWays  Financial Planning, joins the podcast to discuss SOLLA, the Society of Later Life Advice. He discusses the lack of knowledge around social care, the abolition of the lifetime allowance for pensions, and consumer vulnerability. 

At Citywire’s Impact retreat last week , guest speaker Trevor Williams (former chief economist at Lloyds Bank) joined NMA reporter Alicja Hagopian to discuss decarbonisation, nuclear and sustainable development-- warning that the UK has a long ways to go to meet green incentives for investment in the US and EU. 

Private equity investment has surged through the advice market in recent years. But Citywire’s widely-shared database shows that not all of these firms are performing well. Brian Hill, Head of Strategic Exits at the Exit Partnership, joins NMA Reporter Zach Sharif and Deputy Editor Jack Gilbert to chat about private equity investment. They discuss the results of this database, that analysed...

In this episode, Jason Pidcock, manager of the £1.1bn Jupiter Asian Income fund, discusses divesting from mainland China’s equity market and the significance of macroeconomic and geopolitical risk for investment returns. 

NMA Reporters Zachariah Sharif and Alicja Hagopian explore retirement income with Stephen Lowe, group communications director at retirement specialist Just Group. We discuss what the FCA’s thematic review of retirement income advice will contain, the chancellor’s reversal of the lifetime allowance for pensions, as well as the state pension age. 

In this week’s episode of The Advice Show, Puma Investments’ David Kaye and Joe Cornwall discuss the AIM-listed wealth firms they’re bullish on, why service comes before scale in financial services, and the risk/reward trade-offs in AIM investing. 

NMA Reporters Zachariah Sharif and Alicja Hagopian explore consumer vulnerability with Junaid Mujaver of Newton Europe. Junaid is leading the firm’s online vulnerability assessment, using behavioural psychology to include vulnerable customers in their digital journeys. How can firms include vulnerable consumers in their thinking, particularly in light of the incoming consumer duty? 

Alex Cowan-Sanluis, CEO of Platform One, explains to reporters Chloe Meley and Zach Sharif how blockchain technology can reshape the wealth management industry, and the obstacles it faces on the way to widespread adoption. 

Mike Barrett, consulting director at the lang cat, speaks to reporters Nicola Blackburn and Alicja Hagopian about Vanguard’s foray into the UK advice market, and why the investment giant chose to leave it behind—for now. 

Rob DeDominicis, CEO of platform technology provider GBST, speaks to reporter Chloé Meley about the impact of regulation on tech innovation and whether tech providers should be concerned about Amazon and Apple making inroads in financial services. 

Petronella West, CEO of Investment Quorum, speaks to NMA reporter Chloe Meley about how the PFS-CII dispute has been received among advisers, and why she believes a new trade body is not the way forward. 

NMA Reporters Zachariah Sharif and Nicola Blackburn speak to Branko Bjelobaba, ex-Vice President of the Chartered Insurance Insititute (CII). They discuss the ongoing dispute between the Personal Finance Society (PFS) and the CII, and how it can get resolved. 

Speaking at the New Model Adviser Conference & Awards 2023, Ukrainian activist Yulia Marushevska explains how to build a portfolio that will help Ukraine by investing in the country’s recovery and shunning companies that are helping the Russian economy. She also describes life in Ukraine one year on from the start of the full-scale Russian invasion and the ongoing global economic impact...

NMA Reporters Zachariah Sharif and Nicola Blackburn speak to Noreen Biddle Shah, founder of campaign group Reboot. They discuss the lack of ethnic diversity within financial services, and how we can tackle this issue.

To mark the 10-year anniversary of the retail distribution review (RDR), we look back on how the reforms came about, what impact they had on the advice market and ask if they were a success. In this 3-part series we speak to the key players involved, at advice firms, the FCA and in the industry to dig deep into the biggest ever change for the UK advice market. In episode three we hear from the FCA...

To mark the 10-year anniversary of the retail distribution review (RDR), we look back on how the reforms came about, what impact they had on the advice market and ask if they were a success. In this 3-part series we speak to the key players involved, at advice firms, the FCA and in the industry to dig deep into the biggest ever change for the UK advice market. In episode two we spoke to compliance...