Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at how to work more effectively with couples.
Quote of the Day
"For better or worse, we are entering the Walmartization of Advice. I know that sounds bad, but that’s only because you don’t like Walmart as much as I do. I say it with equal parts admiration and concern."
(Rusty Guinn)
The biz
- Charles Schwab ($SCHW) wants to "Give customers everything they want as cheaply as possible." (bloomberg.com)
- Michael Kitces thinks advisors will increasingly become more specialized and niche. (wealthmanagement.com)
- The future of advisory firms is bigger, much bigger. (advisorperspectives.com)
- A review of the last month's goings on in the world of adviser fintech. (kitces.com)
Risk tolerance
- Four questions to ask to set better expectations about a portfolio. (aaii.com)
- It's difficult to disentangle risk capacity vs. risk tolerance. (blog.thinknewfound.com)
- How birth year affects a client's experience in the stock market. (kitces.com)
Taxes
- RMDs haven't been updated in awhile. (morningstar.com)
- Donor-advised funds continue to attract unwanted attention as the wealthy pour more funds into them. (bloomberg.com)
- The implications of the recent changes in the kiddie tax laws. (morningstar.com)
Adviser links
- Falling advisory fees is getting more press attention. (wsj.com)
- Some do's and don'ts in wealth management in 2018. (bonefidewealth.com)
- Three reasons why digital assets are still not appropriate for clients. (thereformedbroker.com)
- A 401(k) plan without an emergency fund is a recipe for trouble. (marketwatch.com)
- Hybrid robo-advisors are opening up planning positions for new advisors. (investmentnews.com)
- There is a big difference between a true financial adviser and someone sitting in a call center. (thereformedbroker.com)
