In this episode of The ifa Show, host Keith Ford is joined by Matt Hale, senior financial planner and director at Rising Tide Financial Services, to discuss where the advice profession is heading and the pressures that are impacting the provision of advice.

Hale explains how Rising Tide found its core client base and moulded its offering around their needs as well as the importance of attracting a younger cohort of advisers and the difficulties that can arise in doing so.

Listen as they discuss:
• Why it is important to not get too wrapped up in regulatory changes until they actually happen.
• How advice firms can look to improve business processes for greater efficiency.
• The key role compliance plays when running an advice firm.

In this episode of The ifa Show, host Keith Ford is joined by experienced financial services executive Tony Beaven to take a look at the similarities and differences between the UK and Australian financial advice sectors – and what each can learn from one another.

Beaven, who has worked in advice businesses across both countries, explains how the regulators across these jurisdictions work together to improve their processes and how the Financial Conduct Authority in the UK works could inform the future of Australian advice regulation.

Listen as they discuss:

• The place of robo-advice in reducing the advice gap.
• Why self-licensed advice firms need to fully understand the responsibilities that come along with it.
• How lowering the education benchmark for a new class of advisers could undermine professionalism.

In this episode of The ifa Show, host Keith Ford is joined by managing director of WT Financial Group Keith Cullen to discuss the recent passage of the first Delivering Better Financial Outcomes bill and the need to expand the advice profession.

Cullen explains how advisers engaging with the political process delivered a tangible outcome in the amendments that were made to section 99FA, and why he believes the next tranche of legislation needs to include practical ways for advice firms to incorporate the proposed new class of advisers into their businesses.

Listen as they discuss:

• The Senate’s recent report on ASIC and its recommendation to overhaul the way the industry funding model operates.
• Why it is vital that the profession finds new ways to bring talent into advice.
• The case for licensees taking on a greater share of the ASIC levy.