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 you can’t talk about the future of advice without talking about technology.
Quote of the Day
"A decade ago, there were many financial advisors at big banks and brokerage firms telling their clients that they served as “the manager of managers” – vetting the funds for them and monitoring them each year."
(Josh Brown)
Podcasts
- Mike Langford talks with Justin Paterno, COO of StockTwits about the impact of zero-commission brokerage on advisors and the impact of social media. (blog.truelytics.com)
- Michael Kitces talks with Susan John, managing director of financial planning for F.L.Putnam, an independent RIA about tucking into another firm as a succession plan. (kitces.com)
- Tyrone Ross talks with Russell Kroeger, Partner and Financial Planner at Upstart Wealth Management. (youtube.com)
- Michael Kitces and Carl Richards on why a fiduciary rule is still needed. (kitces.com)
Testimonials
- The SEC is considering a proposal to allow investment advisors to advertise performance and testimonials. (investmentnews.com)
- What is the practical upshot of allowing RIAs to use testimonials or publish performance numbers? (thehumanadvisor.com)
The SEC
- Reg BI should be overturned, but will it? (morningstar.com)
- The SEC is sniffing around target-date funds in search of conflicts. (investmentnews.com)
- The SEC is cracking down on dual-registered advisors who steer their clients toward lower-interest paying options like cash sweeps. (fa-mag.com)
Recruitment
- How can we make financial services a more equitable field for women? (solutionswithsonya.com)
- Another sign that the wealth management business has a recruitment issue. (investmentnews.com)
Technology
- Goldman Sachs ($GS) is devoting significant resources to build out the FinLife CX software acquired with United Capital. (riabiz.com)
- If AI takes over financial advice giving you will likely see chatbots as part of the solution. (ft.com)
Practice management
- Is PR worth it for a RIA? (riaintel.com)
- Five signs the niche you picked for your practice is not working out. (advicereinvented.com)
Advisers
- Carolyn Gowen, "One of the biggest lessons I have learned from our clients is to live life to the full because you never know what the future holds." (thefinancialbodyguard.com)
- Why Moneta Group is choosing to expand into Colorado. (riabiz.com)
- Relocating to a new state for tax purposes is more than just filing some paperwork. (wsj.com)
