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. We also discuss private equity’s impact in the platform space, and how the market is changing.
Jul 10, 2023•28 min0
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.
Jul 03, 2023•36 min0
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.
Jun 26, 2023•23 min0
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.
Jun 19, 2023•25 min0
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.
Jun 12, 2023•38 min0
Holly Mackay and Ed Dymott explore the 27 drivers of ‘fair value’, and what clients are looking for from their advisers.
May 31, 2023•28 min0
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.
May 22, 2023•26 min0
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.
May 15, 2023•24 min0
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.
May 09, 2023•23 min0
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 the performance of the 34 private equity-backed advice firms in 2022.
May 02, 2023•22 min0
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.
Apr 25, 2023•29 min0
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.
Apr 17, 2023•23 min0
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.
Apr 03, 2023•39 min0
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?
Mar 27, 2023•32 min0
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.
Mar 20, 2023•27 min0
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.
Mar 13, 2023•32 min0
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.
Mar 06, 2023•20 min0
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.
Feb 27, 2023•23 min0
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.
Feb 20, 2023•43 min0
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 it is having.
Feb 13, 2023•27 min0
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.
Feb 06, 2023•45 min0
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’s director of consumer investments Therese Chambers about how the regulator sees the impact of the ...
Jan 30, 2023•15 min0
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 consultant Phil Young and former PFS president Keith Richards about the initial impact on advice fi...
Jan 23, 2023•14 min0
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 one we spoke to Phil Melville, one of the first advisers to move away from commission, as well as David Ferguson, co-founder o...
Jan 16, 2023•15 min0
NMA speaks to investment consultant Henry Cobbe about positioning equities for a higher-inflation environment with sector and factor investment strategies.
Jan 09, 2023•26 min0
NMA reporters Nicola Blackburn, Chloe Meley, and Zach Sharif get together to chat about their favourite stories of the year, and reflect on a unique year in financial services and beyond.
Dec 19, 2022•45 min0
NMA editors Jack Gilbert and Charles Walmsley sat down with FCA directors David Geale and Therese Chambers to talk about the 10 years since RDR, and how the reforms have changed the industry.
Dec 12, 2022•33 min0
Recorded live from NextGen Planners’ Liverpool conference in October, NMA hears from podcast host and adviser Chanelle Pattinson on how to improve representation in advice, from SJP academy head Andy Payne on bringing through the newest batch of advisers at the UK’s largest advice firm, and CISI director for global business development Kevin Moore on why his organisation is doing more to bring in young people.
Dec 05, 2022•41 min0
Reporter Nicola Blackburn speaks to Romain Mouquet, portfolio manager on the £214m CCLA Better World Global Equity fund, about the financial and sustainability risks that influence a strict investment policy: to avoid companies that generate more than 10% of revenues from oil and gas extraction.
Nov 28, 2022•29 min0
Will Hunt’s autumn budget fix our economy? Robert Lewis, director at Celtic Financial Planning, reacts to the budget. He discusses client concerns, market reaction and economic growth with reporter Zach Sharif.
Nov 21, 2022•21 min0
