Whelan explains how the wealth transfer is leading to seismic shifts within financial advice, which is compounded by younger generations preferring digital interactions over face-to-face meetings – a trend that financial advisers must adapt to in order to remain relevant.

The pair discuss:

• The changing preferences and evolving client expectations for advice across generations.
• The critical role of digital advice in addressing the advice gap, particularly for those with simpler needs or lower investable assets.
• How advice firms can increase profitability through strategic technology adoption.

In this special budget episode, hosts Keith Ford, Maja Garaca Djurdjevic, and Aaron Dunn discuss the outlook for financial advice and SMSFs on the back of a budget that revealed little in terms of detail for either sector.

They also take a look at some of the measures that were included, as well as why some high-profile topics were left out completely, such as the $3 million super tax being conspicuously absent.

Listen as they discuss:

• The need for more structural change within the taxation system to provide a meaningful impact.
• Why the headline-grabbing inflation predictions could be little more than a mirage.
• The missed opportunities to make a difference for advisers and clients.

In this episode of the ifa Show, host Keith Ford is joined by Ben Neilson, a financial adviser at Complete Wealth, to discuss streamlining the production of advice to help more clients.

Neilson breaks down the way he makes advice more efficient and why advisers should be trying to do the same, as well as explaining why taking on more clients doesn’t need to come at the expense of work/life balance.

Listen as they discuss:

• The roadblocks to implementing a more streamlined approach to advice.
• Why advisers should go to their licensees with a plan to simplify their SOAs.
• How improving the advice profession can make advice more affordable for clients.

In this episode of the ifa Show, host Maja Garaca Djurdjevic is joined by shadow treasurer Angus Taylor to discuss the current state of the financial advice sector, the economy, the housing affordability crisis and more.

Taylor, a key figure in the opposition, shared his views on a range of issues from the government’s handling of the Quality of Advice Review (QAR) to the challenges facing the Australian economy, including productivity, while also emphasising the principle that superannuation is Australians’ money, not the government’s.

The shadow treasurer shares his belief that the answer to most problems is less government intervention and not more.

“I’m a big believer in getting government out of the way as much as you can,” Taylor says.

Touching on Labor’s perceived regulatory overreach, specifically in financial services, Taylor says: “The commitment on our side … is to recognise that there has been regulatory overreach, that we have got a whole group of Australians now that are under-advised, underinsured and underbanked, and that we’ve got to have more accessible financial services and advice if Australians are to have the prosperity they deserve.”

Tune in to hear him speak about:

• The advice profession and the Coalition’s intentions.
• Broader economic challenges.
• The Help to Buy scheme, and more.

In this episode of the ifa Show, host Maja Garaca Djurdjevic is joined by Estelle Parker, the co-CEO of the Responsible Investment Association Australasia (RIAA), to discuss the upcoming RIAA conference and how financial advisers can improve their skills in responsible investment.

Parker breaks down the areas of focus for the conference and the broader role of the RIAA in shaping investment practices that not only promise returns but also ensure alignment with ethical standards and values.

Listen as she discusses:

• The increasing demand among Australians for their investments to reflect their values.
• RIAA’s sustainable investment advice course, which will help financial advisers meet the evolving demands of the market.
• Why it is important for advisers to understand their clients’ attitudes towards responsible investing.

In this episode of the ifa Show, host Maja Garaca Djurdjevic is joined by ifa news editor Keith Ford to discuss the first bill coming out of the Quality of Advice Review and the advice profession becoming a hot-button political issue.

With concerns swirling around the timeline for implementation, the Coalition has come out swinging, calling the drafting of the bill an “embarrassing blunder”. However, given the efforts of the previous government, is it a case of the right message but the wrong messenger?

In this podcast, Maja and Keith discuss:

• Criticisms of the government’s implementation of the legislation and how it positions the advice profession politically.
• Whether there will be delays in its passage through Parliament and if more legislation will be tabled this year.
• The concerns that advice associations have raised.

In the latest episode of the ifa Show, host Maja Garaca Djurdjevic sits down with founder and director of Forte Asset Solutions, Steve Prendeville, to dissect what makes a successful advice business in 2024.

Ahead of his appearance at the Adviser Innovation Summit 2024, Prendeville discusses the evolving advice landscape, touching on the challenges and opportunities that lie ahead.

Listen as he discusses:

• The resilience of advice businesses in navigating challenges like high inflation and interest rates, highlighting the importance of organic growth opportunities.
• The stabilising trend in profit margins for advice businesses, leading to increased reinvestment in operations.
• Trends shaping the advice profession, including digital service delivery, ethical investing, and advisers’ move towards self-licensing for greater control over their business models.

In the latest episode of the ifa Show, host Keith Ford sits down with Nathan Fradley, who has recently launched a standalone advice business to focus on complex cases that require specialist attention.

Fradley explains why he decided to leave his previous role and the provision of ongoing advice in favour of working with financial advisers and their clients in a way that is modelled on how a barrister works with solicitors.

Listen as they discuss:

• How “niching” within advice can improve outcomes.
• The Compensation Scheme of Last Resort levy and the need for a break from regulatory changes.
• Where the financial advice profession is heading.