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 allowing client testimonials would change the business of advice.
Quote of the Day
"Life will throw you curveballs. A financial plan is not a beautiful report in a fancy binder that collects dust in your drawer. It is a living and breathing instrument that should be maintained throughout the years."
(Blair duQuesnay)
Podcasts
- Josh Brown talks with Mindy Diamond of Diamond Consultants about where the wealth management industry is headed, inorganic growth, equity, the role of authenticity and perseverance, and more. (thereformedbroker.com)
- Christine Benz and Jeff Ptak talk with consumer advocate Barbara Roper. (morningstar.com)
- Carl Richards and Michael Kitces discuss the necessity of the fiduciary rule. (kitces.com)
403(b) plans
- We are finally seeing progress in the conflicted 403(b) space. (tonyisola.com)
- The SEC now seems interested in going after 403(b) providers in a big way. (wsj.com)
Retirement planning
- William Sharpe on why retirement income is such an intractable problem. (barrons.com)
- Another real life example of a couple reticent to spend in retirement. (vanguardblog.com)
- Companies have done well getting people into 401(k) plans. Now they need to help them get the money out. (barrons.com)
The biz
- Everyone knows about the recruitment and retention issues in advisory practices. How can a model of "effective followership" help? (kitces.com)
- Does your firm need a CTO? (financial-planning.com)
- Want to make it big in the industry? Work for Shirl Penney. (riaintel.com)
Books
- Ten books from 2019 for advisors to check out including "The Optimist's Telescope: Thinking Ahead in a Reckless Age" by Bina Venkataraman. (wealthmanagement.com)
- The best books about retirement and aging for 2019 including "Your Complete Guide to a Successful & Secure Retirement" by Larry Swedroe and Kevin Grogan. (wsj.com)
Advisers
- Focus Financial ($FOCS) is demonstrating the challenge of the roll-up model in plain sight. (riabiz.com)
- By 2020 Charles Schwab ($SCHW) wants to using fully digital processes to replace forms. (wealthmanagement.com)
- Motif is planing roll out direct indexing to retail accounts. (investmentnews.com)
- A profile of Megan Gorman of Chequers Financial Management. (citywireusa.com)
- Highlights from the T3 Enterprise conference. (kitces.com)
- Universities are teaching financial advice in some very different ways. (financial-planning.com)
