Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at more speculation about the impact of the Schwab-TD Ameritrade deal on advisers.
Quote of the Day
"You need to be thinking about how you keep expanding services beyond a financial plan and investment portfolio. Perhaps it's tax prep, insurance or estate planning, or banking. People want their lives simplified. How much are you evolving your platform to expand and deepen your relationship with clients?"
(Joe Duran)
Podcasts
- Dina Isola talks with Carolyn McClanahan about how aging can affect financial plans and the ability to make sound decisions. (oembed.libsyn.com)
- Michael Kitces talks with Dan Allison who is the founder of Feedback Marketing Group about the challenge of referrals. (kitces.com)
- Tyrone Ross Jr. talks with Justin Castelli and Taylor Schulte why they built the Advisor Growth Community. (humanadvisorpodcast.com)
- Tim Mullooly talks with financial advisor Maureen Wright of Huber Financial who blogs on her site called The Financial Fashion Planner. (livingwithmoney.com)
- Sarah Li-Cain talks with 69 year old Florida retiree who has some serious financial regrets. (beyondthedollar.libsyn.com)
More Schwab-TD stuff
- Charles Schwab Corp. on Friday said it hired Tom Bradley, the former president of TD Ameritrade, to oversee its custody business. (advisorhub.com)
- The Schwab-TD deal carries a $1 billion break-up fee. (riabiz.com)
- Charles Schwab ($SCHW) is downgrading the services provided to small (sub-$200 million) RIAs. (riabiz.com)
- Why smaller advisers are nervous about the Schwab-TD tie-up. (investmentnews.com)
- Rival custodians are viewing the Schwab-TD deal as an opportunity. (investmentnews.com)
- Schwab has agreed to maintain employment levels in Omaha, Nebraska. (citywireusa.com)
- A visualization of the histories of Schwab and TD Ameritrade. (visualcapitalist.com)
Robo-advisors
- Goldman Sachs ($GS) is set to launch a mass-market robo-advisor in 2020. (ft.com)
- Why the banking business looks so attractive to Wealthfront and Betterment. (riabiz.com)
- Robo AUM is up around 10% in 2019. (investmentnews.com)
Advisers
- Go where the money is: New York City and Silicon Valley are RIA hotbeds. (investmentnews.com)
- Massachusetts is moving forward on a proposal to enact a fiduciary standard that would apply to both broker/dealers and investment advisors. (wealthmanagement.com)
- Nine touchstones for clients nearing retirement age. (blogs.cfainstitute.org)
- How would a revised testimonial rule change how much advertising advisers do? (investmentnews.com)
- A review of the latest happenings in advisor fintech including the spread of alternative investment platforms for advisers. (kitces.com)
- Sometimes you have to shrink to get bigger. (calibratingcapital.com)
