In this episode of The ifa Show, host Keith Ford is joined by Andrew McVeigh, managing partner at Remara, to discuss the growing private credit and real estate investment sectors, as well as the implications of the proposed $3 million super tax on holdings within self-managed super funds.

McVeigh highlights that with private credit experiencing substantial growth as an asset class in Australia and around 300 credit funds available for investment, advisers are facing a range of challenges in seeking to differentiate between these funds, particularly when it comes to liquidity and risk profiles.

Listen as they discuss:

• How different investor demographics are gravitating towards funds that match their risk profile.
• The challenges of providing liquidity with alternative assets and how funds are finding solutions.
• Why many SMSF investors are shifting towards income-generating assets to handle the proposed super changes.

In this episode of The ifa Show, host Keith Ford is joined by Corey Wastle, CEO of Verse Wealth, to take a deep dive into strategies for attracting and retaining top talent in financial advice, particularly given the shrinking talent pool.

Wastle emphasises the importance of becoming a “destination workplace” where the best people want to work – which requires cultivating a strong culture, focusing on employee autonomy and growth, and being transparent throughout the hiring and employment process.

Listen as they discuss:

• The value of implementing tools like cultural interviews, psychometric testing, and knowledge assessments in the hiring process.
• The importance of supporting career progression and development for all team members.
• Why advice firms shouldn’t consider remuneration a taboo topic.
• What to expect from trends within the advice sector, such as firm consolidation and equity partnerships.

In this episode of The ifa Show, host Keith Ford is joined by James O’Reilly, financial planner and director of Northeast Wealth, to delve into why advice practices should be conducting an internal review at the end of the financial year, arguing that this is a great time to look at what can be done better.

Efficiency has been a particularly hot topic over the last 12 months and with this in mind, O’Reilly explains that now is a great time to look at where the bottlenecks and pinch points in your advice process might be and make a plan on how to improve them.

Listen as they discuss:

• Why ATO Portal access is so important for advisers.
• What businesses should be doing to maximise marketing effectiveness.
• How overall team wellbeing can impact the workplace.