15 - We Need To Talk About SJP
In this St Patrick’s Day Special latest pile of TRAP, the Trap Pack discuss
- Three glowing reviews of the podcast, read by Andy in his inimitable style
- Topical issues, including one IFA saving a client from a £450,000 fraud; the road to hell that is pension Lifestyling; the unbelievably rapid demise of the Vanguard advice experiment
- Meat and Potatoes: St James’s Place - a commercial behemoth. But at what cost?
- Questions posted by our beloved Trappists @RossTaylorFP @cianmetiscfp
- Culture Corner
Links referred to in the show:
- Something to put in front of your vulnerable clients re scam dangers: www.dropbox.com/s/fa9vvp5eyq1...
- Vanguard chief defends decision to pull asset manager out of climate alliance on.ft.com/3EnzwlU
- List of things Vanguard said they couldn’t or wouldn’t advise on: www.professionaladviser.com/n...
- Andy’s Money Marketing article of 10th February: www.moneymarketing.co.uk/opin...
- Black Rock pulls out of US robo advice market: citywire.com/pro-buyer/news/r...
- AS - Experiments in Advisor Marketing pca.st/episode/65863b6f-524b-...
- NL: Business Breakdowns: IPL: The World’s Fastest Growing Sports League pca.st/0x2iywpx
- AH - Morgan Housel podcast - podcasts.apple.com/us/podcast...
- CW: Bloomberg explainer on SVB debacle www.bloomberg.com/opinion/art...
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Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to tackle. The best way to do this is to ask them here docs.google.com/forms/d/e/1FA.... And don’t forget to leave a 6/5 star review on iTunes: podcasts.apple.com/us/podcast...
Пікірлер: 8
I'm about to join the wealth management industry through a partner of SJP. I'm absolutely looking forward to starting my new role and love your podcasts. It's super informative especially for my looking into the industry from the outside at the moment.
@adviserpodcast
4 ай бұрын
Best of luck!
The big issue with the low cost D2C advice market is it can never work on it's own. The twentysomething getting going accumulators will leave at exactly the time they become much more profitable - when their affairs become more complex and they need more support. All the attempts that have died have done so because they've tried to run a low profit type business with the intention of making money later but the clients will leave just when their affairs get more complex at exactly the point these guys assumed they would start being profitable to them. The only people doing this sustainably in my opinion are True Potential because they are making sure that the twentysomething accumulators are profitable right now for their d2c arm so they aren't relying on the clients staying later to make money...and when things get more complex for them later and they need higher touch services TP direct has already made money from them and has the wealth management arm to refer them too - to keep making money from serving them.
@adviserpodcast
Жыл бұрын
The TP model seems to have a good number of advocates, that's for sure. Thanks for your comment.
@JohnJBloomfield
Жыл бұрын
@@adviserpodcast not sure I'd say I'm an advocate...but I can see it makes sense from a business perspective
I am an advisor with SJP having gone through their academy 1 year ago. I come from a business finance background for the last 17 years and cannot speak highly enough of the academy and the things i have learned. If you would like to hear my story and experience direct please contact me. Kind Regards
@st.jamessplacefinancialadv2278
Жыл бұрын
Hi there, really great to hear about your experience! It would be great to hear more about your positive journey. Please do get in touch!