Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including a look mistakes business owners make setting up 401(k) plans.
Quote of the Day
"Real advice in the future is going to focus way more on behavioral coaching and life coaching. It’s going to focus on principle-based goals planning. It’s probably going to be higher touch, too."
(Scott Bell)
Advisors
- Don Phillips, "Today, this trend of pushing advisors out of the investment decision-making is reaching its logical conclusion." (morningstar.com)
- Here are ten good reasons to hire a financial advisor none of which have to do with portfolio management. (evidenceinvestor.co.uk)
- Scott MacKillop, "The evidence is clear. Failure to return phone calls and emails erodes trust." (wealthmanagement.com)
- HNW investors want their advisors to communicate with them proactively. (wealthmanagement.com)
- When you are early on in your career financial advice should come ahead of investment advice. (morningstar.com)
- Empathy trumps advice. (ebadvisormarketing.com)
Advisor tech
- How RIA firms are deploying technology. (riainabox.com)
- An update on what's happening in advisor technology. (kitces.com)
- RIA in a Box is moving far beyond registering new RIAs and if focused more on compliance these days. (riabiz.com)
- Blackrock ($BLK) wants wealth managers to use its Aladdin risk analytics software. (financial-planning.com)
Social Security
- Some thoughts on the when to take Social Security benefits debate. (vanguardblog.com)
- Why you shouldn't treat your Social Security benefits as an after-thought. (tonyisola.com)
Financial literacy
- Learning by trading: research on how exposure to stock trading affects financial literacy. (papers.ssrn.com)
- Families are sending their kids to summer camp to learn more about money and investing. (wsj.com)
Retirement
- A progress report: five years into a downsized, early retirement. (caniretireyet.com)
- A new and improved version of Tony Isola's Retirement Pyramid. (thereformedbroker.com)
- Acorns is off to a good start in the retirement account space. (techcrunch.com)
Portfolio issues
- Why holding concentrated positions in any employer's stock just doesn't make sense, especially in or near retirement. (morningstar.com)
- How should you treat non-portfolio assets, like your home, when building your asset allocation? (morningstar.com)
- Four steps to help protect your human capital. (humbledollar.com)
Personal finance
- A majority of American workers don't know how much their non-cash compensation, like health insurance, is worth to them. (humbledollar.com)
- No one is immune from the potential ill-effects of sudden riches. (ofdollarsanddata.com)
- More married Millennials are keeping their finances spearate. (theatlantic.com)
- Some ways you can A/B test your financial life. (wsj.com)
- Why you should be using a money-focused "Self Defense Checklist." (tonyisola.com)
- What you need to know about estate planning. (peterlazaroff.com)
- College alumni are increasingly giving very targeted gifts. (wsj.com)
- On the sin of excessive frugality. (intelligentfanatics.com)
