Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at smaller advisers are anxious about the Schwab-TD Ameritrade deal.
Quote of the Day
"When selling real estate or providing investment advice, one item should stand out.
Treat people the way you want to be treated – Problem solved."
(Tony Isola)
Chart of the Day
“Dollar cost ravaging” is a clever way to highlight the issue of sequence of return risk.
Podcasts
- Rick Ferri talks with Sheryl Garrett, the founder of the Garrett Planning Network. (bogleheads.podbean.com)
- Christine Benz and Jeff Ptak talk with John Lynch on his research into how people save, invest, budget, and take on debt. (morningstar.com)
- Dasarte Yarnway talks with Sonya Dreizler about how "Do Better" that depicts sexual harassment in the financial services industry. (soundcloud.com)
- Josh Brown and Michael Batnick sit down with Nina O'Neal to talk about the work-life challenges of being a financial advisor. (thereformedbroker.com)
- A talk about retirement security with Wade Pfau author of "Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement." (knowledge.wharton.upenn.edu)
- Michael Kitces talks with Mary Beth Storjohann, who is the chief marketing officer for Abacus Wealth Partners. (kitces.com)
- Melanie Waddell talks with Barbara Roper about the problems with Reg BI. (traffic.libsyn.com)
Schwab-TD Ameritrade
- Charles Schwab ($SCHW) hired Tom Bradley to help keep RIAs on board. (riabiz.com)
- While the Schwab-TD Ameritrade deal is impactful it shouldn't change what advisors are doing for their clients or in building their firms. (fa-mag.com)
- Fidelity's RIA division will be half the size of the combined Schwab-TD. (financial-planning.com)
The biz
- JP Morgan Chase ($JPM) is revamping its wealth management business. (wsj.com)
- United Capital will soon re-brand under a Goldman Sachs ($GS) name. (citywireusa.com)
- Personal Capital wants to up its branding game. (riabiz.com)
- Wells Fargo Advisors has joined the no-commission bandwagon. (wealthmanagement.com)
Client communications
- Advisers should be able to explain the impact of things like inflation to a client. (klementoninvesting.substack.com)
- Clients want more engagement from their advisors. (wealthmanagement.com)
- Here is the big YCharts client communication survey. (go.ycharts.com)
Advisers
- Don Phillips, "Although the oversupply of CFA skills has lessened the competitive position of active managers, I doubt that such a scenario will play out in the field of financial planning." (morningstar.com)
- On the relationship between firm size and ideal client account size. (kitces.com)
- It's hard to see how mutual funds make a comeback. (wealthmanagement.com)
- When your hammer is asset allocation, everything looks like a nail. (rivershedge.blogspot.com)
- Advisers are beset with technology choices. (investmentnews.com)
- Most Americans' DON'T work with a fiduciary financial adviser. (klementoninvesting.substack.com)
