The Problem With Networks

In this episode of The Problem With, hosts Alex and Annabel dive into one of the industry's most debated topics: the role of networks in financial services.

They're joined by Paul Day, founder of Network Consulting Services Ltd, who brings over 30 years of industry experience as an advisor and network strategist. Paul shares his insights into why many advisers choose networks over direct authorisation, what traps to watch for in contracts, and how to know if you’re truly ready to go DA.

Together, they unpack the realities of compliance, the importance of business planning, and how networks can either empower or constrain growth. If you’re an adviser contemplating your next step—or simply curious about the inner workings of the financial advice ecosystem—this candid conversation is essential listening.

Whether you’re AR, DA, this episode will help you see the landscape more clearly.

What is The Problem With...?

The Problem With... podcast is here to challenge the everyday problems or myths we face in financial services and to provide practical solutions. Hosted by Alex and Annabel, we offer practical advice to help financial advisers to take back control of their careers. Whether you are just starting out or looking to enhance your existing business, our mission is to guide you every step of the way. Tune in and transform your advisory journey!