Podcat #17: Challenges of the financial planning profession

written by Tom McPhail

Tuesday, 15 March 2022

This week on the podcat, Tom is joined by VWM Wealth managing director Lisa Johnstone and our Steve, insight director at the lang cat.

They discuss some of the highlights from our recent State of the Adviser Nation (SOTAN) report, the health of the profession, invidividual versus firm perceptions, and why financial planning is like being on a plane with a nice glass of wine.

The conversation goes on to examine why tech integration is so hard, from legacy providers' lack of motivation to innovate to the sheer provider "admin breakdowns" experienced by many advisers and planners on a daily basis.

Lisa also talks about the need for a better dialogue between the regulator and the profession, and why more common sense is needed when it comes to charges disclosure.

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