Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at why the aging brain is not well-suited for financial decision-making.
Quote of the Day
"But you most likely won’t be shown the big winners of tomorrow, because no one can reliably show them to you. It is more likely that the funds you’ll be shown will be the industry’s equivalent of Wolfgang Puck – made their reputations decades ago, now available in mall food courts, airport terminals and theme park snack bars everywhere."
(Josh Brown)
The biz
- Fidelity's zero-fee index mutual funds are designed to attract new customers. (bloomberg.com)
- Facet Wealth "buys" smaller clients from RIAs. (financial-planning.com)
- Michael Kitces talks practice management with Ric Edelman of Edelman Financial Services. (kitces.com)
- Merrill Edge now has in excess of $200 billion in AUM. (financial-planning.com)
- A look inside five years of Ritholtz Wealth Management. (ritholtz.com)
Going solo
- Sometimes all an advisor needs is a nudge to go independent. (tonyisola.com)
- When going solo, advisers can follow one of three business models. (wealthmanagement.com)
Advisers
- The fiduciary rule is pretty much dead and that is good news to RIAs. (citywireusa.com)
- How financial advisers can use body language to their advantage, or at least not to their detriment. (blogs.cfainstitute.org)
- Why retirement can be so challenging for occupants of the C-suite. (hbr.org)
- Are non-accredited investors getting the short end of the stick? (kitces.com)
- Why Millennials are "reluctant" to invest in the stock market. (bonefidewealth.com)
