Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at the United Capital-Goldman Sachs deal.
Quote of the Day
"Teaching wealthy, hardworking, responsible savers to flip the switch and become leisurely, thoughtful distributors of money is one of the highest value-adds of our profession."
(Josh Brown)
The biz
- Vanguard is reportedly getting back into the RIA custody business after a long absence. (riabiz.com)
- Tony Robbins is out at Creative Planning. (riabiz.com)
Practice management
- As advisory firms grow, things like an org chart begin to matter more. (kitces.com)
- What advisers need to understand about cybersecurity. (morningstar.com)
- From time immemorial people have applied the latest technology to managing their money. (osam.com)
Regulation
- Dina Isola, "Investment costs are at their lowest ever levels, so why is it that Congress sticks up for a business model that peddles egregiously high-cost products?" (citywireusa.com)
- What problems do multi-employer retirement plans solve? (morningstar.com)
- The Securities and Exchange Commission will vote June 5 on whether to adopt Regulation Best Interest. (thinkadvisor.com)
Behavior
- The more a client checks their portfolio, the more changes they make. (betterment.com)
- It seems obvious, but men and women think differently about money. (ft.com)
- Quality trumps quantity when it comes to retirement fund options. (morningstar.com)
Advisers
- Clients and advisors don't necessarily see eye-to-eye when it comes to the services an advisor can provide. (morningstar.com)
- Why the pure robo-advisor model is flawed. (thefinancialbodyguard.com)
- How you measure life expectancy can make a big difference when planning. (monevator.com)
- To what degree have advisers embraced smart-beta ETFs? (etf.com)
