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 tricky subject of behavioral coaching.
Quote of the Day
"The financial advice-giving industry borderline obsesses over planning for Tomorrow. But Tomorrowland can be a dangerous place to spend all your time, energy, and money if you’re neglecting Today."
(Jeremy Walter)
Podcasts
- Christine Benz and Jeff Ptak talk with Maria Bruno and Joel Dickson of Vanguard about wealth planning. (morningstar.com)
- Michael Kitces talks with Andrew Altfest who is the president of Altfest Personal Wealth Management, an independent RIA based in New York City. (kitces.com)
- Daniel Crosby talks 'holistic financial planning' with Marty Nachemson of Prosperian Wealth Management. (overcast.fm)
The biz
- Highlights from the 2019 In|Vest Conference. (kitces.com)
- Here is Schwab's big 2019 RIA Benchmarking study. (content.schwab.com)
Practice management
- How advisory firms can build a training program that emphasizes a 'growth mindset.' (kitces.com)
- Most firms over $1 billion in AUM share equity with employees in some form or fashion. (financial-planning.com)
Portfolios
- The big asset managers are taking over the market for model ETF portfolios. (investmentnews.com)
- Robo-advisor portfolio performance compared. (barrons.com)
- Fidelity Investments and Ashton Kutcher have invested in ESG SMA provider Ethic. (citywireusa.com)
- Betterment is joining the online banking game. (wealthmanagement.com)
Taxes
- John Arnold is calling out the rise in donor-advised funds. (vox.com)
- How to fix a messed-up RMD. (kitces.com)
Planning
- Increasing longevity will change what constitutes financial planning. (investmentnews.com)
- Just how different are the planning needs of Millennials. (finance.yahoo.com)
- On the importance of properly categorizing retirement expenses. (financial-planning.com)
Advisers
- A Q&A with Dan Ariely about the future of financial advice. (thinkadvisor.com)
- Independent advisers can find it difficult to obtain health insurance. (investmentnews.com)
- Morgan Stanley ($MS) is providing wealth management clients with "The Digital Vault" which is an encrypted platform where they can store financial documents and share them with the bank. (wsj.com)
- "Investors who want to sue an adviser for fraud or malpractice often find the firm is too small to justify a lawyer’s involvement..." (wsj.com)
- More retirees would do well to put money into immediate annuities. Is there a way to tweak 401(k)s to make this happen? (morningstar.com)
