Chris Holcombe's Industry Insights & Views on the Quality of Advice Proposals - sharing his experience as a Compliance Manager | Episode #24

Understanding Your Superannuation - A Series by Scientiam

Welcome to The Future Financial Adviser, where our mission is to make advice accessible to more Australians. On the show we discuss the latest digital platforms, best practices, and evidence-based investing strategies, to give financial advisers the tools they need to help more investors improve their financial well-being.

In today's episode, we speak with Chris Holcombe, compliance Manager for Compliance FP with over 20 years of experience working in financial services, assisting advisers and dealer groups in navigating all things compliance. He shares his backstory, the current key issues in the financial industry, and his thoughts on Michelle Levy's Quality of Advice Review Proposal Paper. He also talks about retail and wholesale financial advice, main compliance concerns, using technology to improve client servicing, and his best tips for financial planners in the industry.

So, make sure to tune in to this episode of The Future Financial Adviser Podcast!

If you’re ready to modernise your financial advisory business and reach a new generation of investors, then this show is for you! If you’ve been enjoying the show, please make sure to share it with your network and leave a review on your favourite listening platform.

Episode Timestamps:

00:00 - Intro

01:16 - Chris' Backstory

02:13 - Key Issues in the Financial Industry Now

05:36 - Proposals from Quality Advice Review

09:46 - Wholesale and Retail Advice

11:12 - Intra-fund Advice

13:24 - More Businesses are Using Technology Today

15:35 - Lack of Advisers and the Future of the Industry

16:59 - Regulation Changes

19:26 - Best Tips and Practices from Chris

20:37 - Final Messages

23:34 - Outro

About Our Host

Nigel Baker is the founder of Scientiam.com.au, built by advisers for advisers to simply help advisers engaged with digital to help more people.

Scientiam is unique in that it believes advisers have an important role to play in educating and guiding clients. However, because of time and legislation, it is hard to help everyone and not everyone needs comprehensive advice.

In his private client business, Nigel and his team faced the problem of wanting to help people without turning them away - they looked for a solution and could not find one, so they built Scientiam.

Nigel has two decades of experience in the wealth management industry, having worked for some of the largest global institutions, and was a partner in one of Australia’s largest Accounting and Financial Advice groups. He is also the author of ‘The Super Secret’ which uncovers the truth about how to invest successfully.

Nigel is passionate about helping others understand money better so that they can achieve what is of utmost importance to themselves and their families.

Connect with Nigel:

• Visit the Scientiam website: https://scientiam.com.au/
• Follow Nigel on LinkedIn: https://au.linkedin.com/in/nigel-baker-b25662
• Follow Scientiam on Linkedin: https://au.linkedin.com/company/scientiam-investment
• Follow Scientiam on Facebook: https://www.facebook.com/fullscientiam
• Follow Scientiam on Instagram: https://www.instagram.com/scientiam/

Connect with Chris:

• Visit th

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