The ifa Show

In this episode of The ifa Show, host Keith Ford is joined by Marc Fabris, founder of Risk Hub, to discuss how technology and artificial intelligence are being used to boost efficiency in the advice process, making risk advice commercially viable for holistic advisers.

While commissions have certainly played a significant role in the exodus of holistic advisers from the risk sector, Fabris explains how regulatory changes and compliance requirements have made risk advice more challenging and expensive, which has ultimately led to an underinsurance issue in Australia.

Listen as they discuss:

• The likelihood of government addressing risk commissions soon.
• How collaboration with insurers could streamline the risk advice process.
• Why advisers need to embrace AI to stay competitive for the future.

In this episode of The ifa Show, co-hosts Keith Ford and Maja Garaca Djurdjevic sit down to discuss tranche two of the Delivering Better Financial Outcomes legislation and Liberal senator Andrew Bragg’s admonishment of the government for the ever-extending timeline to deliver a draft of the legislation. Together, the pair delve into the potential impact of Australia’s 2025 federal election and how politics are playing a role in the legislative process, suggesting financial services could become a key battleground as the election nears.

Listen as they discuss:

• The private member’s bill hoping to provide advisers a reprieve from onerous statements of advice.
• Advisers who are left in a state of limbo as they await legislative change.
• The Compensation Scheme of Last Resort and the ongoing battle against Dixon Advisory.

In this episode of The ifa Show, host Maja Garaca Djurdjevic is joined by Bryce Quirk, Group Executive of Distribution at CFS, and Recep Peker, Managing Director of Empower Business Advisory, to explore the findings of the firms’ recent Advice Practice Profitability Report.

Quirk and Peker break down the report’s most important insights for advisers, from the way practice inefficiencies are hindering their ability to serve a greater number of clients to the importance of investing in the foundation of their businesses to accommodate future growth.

Listen as they discuss:

• How to address the ongoing issue of advice accessibility.
• The importance of advocating for the value of financial advice and reducing servicing costs.
• The role of managed accounts in simplifying processes and improving client outcomes.
• Why advisers should seek technology partners that facilitate consistency and simplicity and how this can boost profitability.

In this episode of The ifa Show, host Maja Garaca Djurdjevic is joined by specialist financial adviser Nathan Fradley to discuss the growing importance of aged care advice in Australia as the population gets older, and the need for specialised knowledge to successfully handle complexities of Australia’s aged care system. Fradley discusses his journey to aged care advice, the challenges of navigating complicated relationship dynamics, and what can happen when people receive incorrect advice.

Listen as they discuss:

• The emotional side of aged care advice.
• Unique challenges of advising clients on aged care and retirement.
• The evolving landscape of aged care legislation.

In this episode of The ifa Show, host Keith Ford is joined by independent financial adviser Nathan Fradley to discuss the Aged Care Act reforms set to come into effect on 1 July and how advisers can prepare their clients.

With the funding of aged care also heading for change, Fradley breaks down what advisers who don’t specialise in the space need to know and the value of building a network of professionals they can refer clients to, to ensure they can meet the needs of clients navigating the complex aged care space.

Listen as they discuss:

• Why it’s so important that advisers stay up to date on the incoming reforms.
• The value of specialisation within the advice industry.
• What impact DBFO 1.5 could have on clients’ retirement income and Centrelink eligibility.