Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at three lessons learned from acquiring a practice.
Quote of the Day
"People pay advisors to do things they’d rather not do themselves."
(Dan Danford)
Podcasts
- Michael Kitces talks with Douglas Boneparth who is the founder of Bone Fide Wealth, an independent RIA based in New York City. (kitces.com)
- Patrick O'Shaughnessy talks with Joe McLean, the founder of Intersect Capital. (investorfieldguide.com)
Robo-advice
- In a recent study Fidelity Go ranked as the best overall robo-advisor. (fa-mag.com)
- To continuing building out its robo-advice, Wealthfront purchased Grove Advisors. (citywireusa.com)
The biz
- Fidelity keeps pushing on the fee/cost front. Most recently on cash sweep defaults. (riabiz.com)
- UBS is getting blowback from customers who participated in the Yield Enhancement Strategy. (wsj.com)
- The big wealth managers are targeting Millennials via their parents. (wealthmanagement.com)
Technology
- Adviser technology should be about serving the client better, not about servicing more clients. (kitces.com)
- Advisers need to have an "information architecture road map." (morningstar.com)
- How should advisers think about data. (etf.com)
Advisers
- More prospects say they want to work with a female advisor. (wsj.com)
- Financial plans have a short-half life. Planning is an ongoing process. (calibratingcapital.com)
- Balance is a better watchword than being busy. (investmentnews.com)
- Focus on your clients, not on fee compression. (ebadvisormarketing.com)
