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Artwork for Challenge the Standard in Financial Advice

Challenge the Standard in Financial Advice

Nathan Fradley and Jordan Vaka
Financial Advice
Artificial Intelligence
Pricing
Australia
ASIC
CSLR
Financial Advice Industry
Superannuation
Aged Care
Ongoing Advice
Centrelink
Estate Planning
Discovery (financial Advice)
Melbourne
Niching
Divorce
First Appointments
Conflicted Remuneration
Lead Generation
Invoicing

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 p... more

PublishesWeeklyEpisodes142Founded3 years ago
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ManagementBusiness

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Artwork for Challenge the Standard in Financial Advice

Latest Episodes

We're joined this week by Jim Stackpool of Certainty Advice Group, a long-time advocate of the sheer power of great financial advice...and a fierce defender of advisers charging appropriately for the immense value they bring to their clients lives. more

How well do you think you know the rules around conflicted remuneration? Leaning on research Nathan's been doing, this week we chat about:

• The looooonnngggg path we've taken to get to where we are

• What IS and what ISN'T considered conflicted more

In this week's episode, Nadia Docker from Kinetic Compliance comes on to share her insights about the ever-changing compliance landscape we advisers have to trudge through.

She answers quickfire questions on:

• Regulatory changes

• Why your SoA... more

Continuing this season's theme of asking 'yeah, but who's it for?', this week we explore some of the ethical considerations advisers have around investment portfolios.

Leaving aside Jordan's regulation soapbox-upon-soapbox ranting around the annoy... more

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Recent Guests

Nadia Docker
Compliance professional at Kinetic Compliance
Kinetic Compliance
Episode: S9E6 Compliance with Nadia Docker
Richard Silberman
Managing Director of Numerisk Insurance, PI insurance specialist
Numerisk Insurance
Episode: S9E1 PI Insurance with Richard Silberman
Phil Anderson
General Manager of Policy, Advocacy & Standards with the FAAA
Financial Advisers Association of Australia (FAAA)
Episode: S8E18 Pharewelling Phil with Angry Anderson
Hannah Elliott
Guest, Marron Wealth
Marron Wealth
Episode: S8E17 Post-PY Life with Hannah Elliott
Kate Mitterer
2025 University Student of the Year for the FAAA; Emerging Professionals Committee member; student and aspiring financial planner
Fradley Advice; University of Adelaide
Episode: S8E14 Walking the Talk with Kate Mitterer
Tabata Koff Fradley
Guest discussant (appears in episode)
Episode: S8E4 Fine, We'll Do One On The Budget
Marty McGrath
repeats guest, chartered accountant and tax professional
Episode: S8E1 Tax Planning with Martin McGrath
James D'Apice
Corporate lawyer; founder of Gravamen law firm; sponsor and community advocate
Gravamen
Episode: S7E20 The Next Stage with James D'Apice
Brendan Frazier
Chief Behavioural Officer at RFG Advisory
RFG Advisory
Episode: S7E18 Human Side of Advice with Brendan Frazier

Hosts

Nathan Fradley
Australian financial adviser focused on lifestyle-based advice and investment portfolios
Jordan Vaka
Australian financial adviser who discusses advice ethics and investment philosophy

Reviews

4.8 out of 5 stars from 22 ratings
  • Can’t come quick enough.

    Keep it up fellas. Appreciate your work.

    Apple Podcasts
    5
    ErnieFox
    Australia3 months ago

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Talking Points

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S9E6 Compliance with Nadia Docker
Q: Can I use an ROA for this?
Docker says an ROA may generally be appropriate when advice has already been given in that area, while advice in a new area is more likely to require an SOA. The record should refer to the earlier SOA, describe the advice and its basis, and include relevant product replacement information.
S9E6 Compliance with Nadia Docker
Q: What's changed?
Docker says the main AML/CTF changes are a new business risk assessment and changes to how client identification documents are collected and stored. Client identification and source-of-wealth and source-of-funds obligations already existed.
S9E5 Ethics of Portfolios
Q: You come across a portfolio like that, 45 individual holdings. It clearly doesn't align with your philosophy or your nuanced understanding of the client's needs. So age, liquidity requirements, risk profile, longevity of funds requirement, like will their money easily outlive them, all that. What do you do then with that portfolio?
Nathan recommends discussing the client's goals, values and reasons for holding the investments, explaining his own approach and its trade-offs, and considering tax, platform and service implications before proposing changes.
S9E5 Ethics of Portfolios
Q: Do you reckon most advisors are looking to optimize or maximize the return within that risk profile? Every time?
Nathan says some advisers seek higher returns, while more considered approaches may target the return a client needs with less volatility and risk.
S8E18 Pharewelling Phil with Angry Anderson
Q: What is your outlook on the new class of advisor and the education standard?
The new class is tightly defined; the education standard should remain high to ensure a genuine pathway to becoming a fully qualified advisor, with a balance between flexibility and quality.

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Frequently Asked Questions About This Podcast

What is This Podcast about and what kind of topics does it cover?

Practical conversations about the business, ethics and changing standards of financial advice in Australia. Regular hosts Nathan Fradley and Jordan Vaka draw on their experience as advisers to discuss issues such as pricing, client selection, regulation, technology, investment decisions, staffing and the realities of running an advice practice. The format is mainly candid co-host discussion, with occasional interviews featuring advisers, industry specialists and people entering the profession. Episodes pair detailed industry analysis with real-world examples, personal experiences and humour, while consistently asking how advice can better serve clients and remain viable for practitioners. A strong fit for Australian financial advisers, prac... more

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1. The ifa Show
2. Ensombl Advice Australia
3. Australian Retirement Podcast
4. UncommonCents
5. The Fin

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this podcast launched 3 years ago and published 142 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on this podcast?

Recent guests on this podcast include:

1. Nadia Docker
2. Richard Silberman
3. Phil Anderson
4. Hannah Elliott
5. Kate Mitterer
6. Tabata Koff Fradley
7. Marty McGrath
8. James D'Apice

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