The ifa Show Momentum Media

In this episode of the ifa Show, host Maja Garaca Djurdjevic is joined by George Haramis, the CEO of moneyGPS and accountantsGPS, to discuss the rise of digital advice in the financial services industry.


With over 30 years of experience in the financial services industry, Mr Haramis provides valuable insights into the development and growth of digital advice, and why incorporating digital advice into advisory firms’ business models will be essential moving forward.
Listen as they discuss:
The key benefits of using digital advice platforms for advisory firms. The importance of digital advice in addressing intergenerational wealth transfer. How digital advice underpins many of the recommendations in the Quality of Advice Review, and more.

In this episode of the ifa Show, host Maja Garaca Djurdjevic is joined by Hans Egger, founder and managing director of Astute Wheel, to discuss how digital advice can enhance the client-adviser relationship.

Mr Egger explains how digital advice is a much broader term than robo-advice, and how implementing tech-driven solutions can provide efficiencies and ease the challenges financial advisers face.

He also touches on the key benefits of using technology in financial advice, including its ability to bring financial plans to life, and the crucial role of technology in improving the adviser-client relationship.

Finally, Mr Egger talks about Astute Wheel’s approach to digital advice and the value of client portals, before predicting where digital advice is heading over the next few years.

In this episode of the ifa Show, host Maja Garaca Djurdjevic is joined by Adele Martin, founder of My Money Buddy and the Savings Squad podcast, to discuss how she is giving back through her business.
Ms Martin touches on how and why she implemented a profit first model in her business and speaks about why setting aside funds for charitable donations and random acts of kindness is important to her.
Ms Martin also introduces her new initiative which, in addition to charitable benefits, strives to foster a sense of community within the financial advice industry by offering support and mentorship to financial advisers.
Lastly, Ms Djurdjevic and Ms Martin touch on the latest news in financial advice, including her views on the experience pathway. 

In this episode of the ifa Show, Keith Ford is joined by the CEO of moneyGPS and accountantsGPS, George Haramis, to discuss the impact of the government’s response to the Quality of Advice Review (QAR) and the future of digital advice in Australia.

Mr Haramis touches on the progress of the proposed digital advice association and whether the government’s slow progress on the QAR has had an impact.

He also covers the role of super funds in advice and whether they can plug the advice gap, as well as exploring some of the broader impacts of the QAR, such as the yet-to-be accepted good advice standard.

Mr Haramis then touches on Treasury roundtables and the outcomes from government consultations before explaining moneyGPS’s white label digital advice product for super funds, boutique AFSLs, larger AFSLs, and accounting firms.

In this episode of the ifa Show, host Maja Garaca Djurdjevic is joined by co-host Keith Ford to discuss the recent concerns raised by Sarah Abood, CEO of the Financial Advice Association Australia (FAAA), about ASIC levies and the role advisers play in ensuring Aussies retire comfortably.

Maja and Keith take a closer look at ASIC’s cost recovery implementation statement and share why the FAAA’s CEO believes the numbers just don’t line up. They discuss the steps the group has taken and whether it holds the power to influence the corporate regulator to take another look at its projections.

The conversation shifts to the intergenerational report and its findings on retirement savings. While the report predicts a significant increase in total assets in the super system over the next four decades, the government is concerned about Australians’ reluctance to spend their retirement savings. As such, Treasury is now expected to release a consultation paper to address this issue and strengthen the accessibility of retirement products by taking a closer look at advice, among other things.

The discussion also covers the roundtables being hosted by Treasury, where various stakeholders have been called upon to provide their opinions on the Quality of Advice Review. 

In this episode of the ifa Show, stand-in host Keith Ford chats to Peter Johnston, executive director of the Association of Independently Owned Financial Professionals (AIOFP), to discuss the proposed good advice legislation and the power advisers have to lobby the government.

Mr Johnston explains why he believes the good advice standard would be detrimental to consumers and gives his thoughts on whether the government is likely to adopt it.

He also discusses the AIOFP’s lobbying efforts, including why the advice profession is in a unique position to influence the government with the backing of their clients, and how the various industry associations can work together to look for positive outcomes.

Additionally, Mr Johnston discusses the AIOFP’s involvement in roundtable discussions with Treasury regarding the Quality of Advice Review (QAR), as well as some highlights from the association’s recent conferences in Bangkok and London.