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SoapBox Ep.3 - Passive Investing Didn’t Break Markets, It Exposed Active Management In this episode of SoapBox, hosts Abraham and Matt are joined by Carla Brown, President of the Personal Finance Society, for a frank discussion about investor behaviour, market narratives and the pressures facing the advice profession. The conversation examines why UK investors pulled billions out of equity markets during a year of strong returns, what this says about confidence and decision-making, and why behavioural mistakes remain so persistent despite widespread access to information. The panel also tackles the active versus passive debate, long-term underperformance, adviser loyalty to star managers, and whether familiar explanations still stand up to scrutiny. Alongside investment themes, the episode explores the profession’s succession challenge, the ageing adviser population, and what must change to attract and retain the next generation of advisers. A candid, opinion-led conversation for advisers navigating markets, media noise and client behaviour. #financialadvice #financialplanning #wealthmanagement #investing #passiveinvestingseniorliving #activemanagement #behaviouralfinance #ukadvisers #advisercommunity #podcast