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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
Pricing
Artificial Intelligence
ASIC
Centrelink
Estate Planning
Aged Care
Discovery (financial Advice)
Melbourne
Financial Advice Industry
First Appointments
Lead Generation
Australia
Special Disability Trusts
Invoicing
Tax Planning
AML/CTF Changes
Quality Of Advice Review
Interdisciplinary Collaborative Practice
Family Law

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

PublishesWeeklyEpisodes119Founded2 years ago
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Artwork for Challenge the Standard in Financial Advice

Latest Episodes

We've talked about Aged Care before, but things have changed. Lots of things!

• There are new rules about how fees are calculated, applied and, most importantly for any government agency, renamed. (Who knew 'hotelling' was a word...look it up thou... more

Apparently the Federal Government dropped some sort of Budget thingamajig the other day. It's got many people in a lather with the injustice of it all.

Dragged into the discussion with their characteristic reluctance to share an uninformed opinion... more

Say it with us...paraplanning.

Paraplanning.

Paraplanning.

Para - planning.

What is it, why is it important, who's doing it and how are they doing it?

This week's episode - likely the first of a series we'll return to - is all about the no... more

We get serious this week. No guest. No banter about dentists or Jordan's latest grievance with... well, you know.

Just Nathan and Jordan, a Treasury consultation paper, and a genuine call to action for every financial adviser, business owner, PY,... more

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Recent Guests

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
Kathy Havers
Specialist in financial advice for families with disability and vulnerability
Viridian Advisory
Episode: S7E17 Special Disability Trusts with Kathy Havers
Zinta Harris
Zinta Harris from Resolve Estate Law
Resolve Estate Law
Episode: S7E15 Collaborative Estates with Zinta Harris
Patrick Flynn
Speaker, Kaizen Consulting
Kaizen Consulting
Episode: S7E4 The Business of Advice with Patrick Flynn
Glenn James
Guest, advocate for attending conferences and professional development
Episode: S7E1 Why You Should Attend Conferences, with Glen James
James Wrigley
Senior leader at First Financial
First Financial
Episode: S6E20 The James Wrigley Episode
Clayton Daniel
CEO of CPD Check, formerly Ensembl
CPD Check
Episode: S6E18 Ethics of CPD with Clayton Daniel

Hosts

Nathan Fradley
Host of Challenge the Standard in Financial Advice
Jordan Vaka
Co-host of Challenge the Standard in Financial Advice

Chart Rankings

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Talking Points

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S5E8 Ongoing Advice - Coaching with Michael Back
Q: What is the intangible value of coaching in financial advice, and how does it fit into an ongoing advisory relationship?
Michael Back explains that coaching is the core of delivering value, often happening when advisors help clients articulate goals, navigate roadblocks, and actually achieve progress. He emphasizes serving clients in the moment, recognizing personal growth, and building a relationship where the advisor guides, challenges, and supports continuity—rather than merely presenting numbers.
S6E10 Q&A2: Annuities, Tax Deductible Fees, Insurance Commissions & Workflow
Q: How should fees be apportioned for tax deductibility when dealing with superannuation and non-super investments?
Fees should be split according to the services provided (super advisory vs. general advice), with attention to what is deductible under the relevant tax rules, and aiming for flexibility to move between inside and outside super where appropriate.
S6E10 Q&A2: Annuities, Tax Deductible Fees, Insurance Commissions & Workflow
Q: How should advisers tackle new annuity products and assess risk vs. reward for retirement outcomes?
They should perform thorough due diligence, understand the full risk set beyond what is disclosed, and have a clear strategy to mitigate risks, including diversification and scenario planning, while remembering that clients will forget details over time and require ongoing reminders.
S8E1 Tax Planning with Martin McGrath
Q: What are some things advisors should be looking at in tax planning?
Marty outlines a range of focus areas, including superannuation contribution types (concessional, non-concessional, salary sacrifice), the use of spouse contributions and co-contributions, the potential benefits of structuring where contributions are made, and the importance of reviewing investment property depreciation, cost bases, and capital gains planning. He emphasizes forward-looking, year-over-year planning rather than a single-year snapshot and stresses collaboration with accountants to ensure coordination across tax returns, estimates, and notices of intent.
S7E19 ID, Advising Non-Couples, Scoping and Insurance Bonds
Q: When advising two people who were romantically involved but are now cohabiting and share finances, should an adviser treat them as a couple or as individuals, and how should this affect the scope of advice?
The hosts discuss the importance of identifying both joint and individual goals, evaluating whether the advice should be for the couple as a unit or for individuals, and acknowledging that divergent needs may exist. They stress documenting goals, considering long-term plans (kids, retirement, asset protection), and using a one-page file note to capture considerations and contingencies, while avoiding overreaching advice that could compromise either party's best interests.

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Frequently Asked Questions About This Podcast

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

This show targets Australian financial advisers and professional services practitioners, frequently featuring two veteran hosts who challenge conventional wisdom in advice, regulation, and practice management. Recent episodes span practical tax planning, regulatory reform обсужting the Compensation Scheme of Last Resort, evolving client onboarding and implementation, and the increasingly prominent role of technology—especially AI—in advisory workflows. Across episodes, the conversation often centers on how to sustain ethical, client-centered advice at scale, how to build trust through responsible marketing and collaboration across disciplines, and how to balance profitability with purpose. Noteworthy are candid discussions about real-world ... more

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1. Ensombl Advice Australia
2. Retire Right
3. The ifa Show
4. Investopoly
5. Australian Finance Podcast

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this podcast launched 2 years ago and published 119 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. Marty McGrath
2. James D'Apice
3. Brendan Frazier
4. Kathy Havers
5. Zinta Harris
6. Patrick Flynn
7. Glenn James
8. James Wrigley

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