Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at what adviser clients say about (lacking) adviser communication.
Quote of the Day
"An annuity needs to be evaluated as a component of the entire retirement income plan and not as a standalone purchase. This means that an annuity contract is neither good nor bad but that it might or might not improve your overall plan."
(Dirk Cotton)
Podcasts
- Christine Benz and Jeff Ptake talk with Dr. Moira Somers, a clinical neuropsychologist and professor and author of "Advice That Sticks: How to Give Financial Advice That People Will Follow." (morningstar.com)
- Ten lessons learned from the Long Form podcast including "Lifetime income is underrated." (morningstar.com)
- Altruist CEO Jason Wenk talks with Tyrone Ross about his life's journey. (humanadvisorpodcast.com)
Charles Schwab
- Charles Schwab ($SCHW) is building a new digital advice service that will help retirees automate and manage their income. (riabiz.com)
- Sheryl Rowling, "Smaller firms, like the type served by TDA, need to worry about Schwab's growing focus on larger firms." (morningstar.com)
SECURE Act
- How the SECURE Act will affect 403(b) plans. (plansponsor.com)
- The SECURE Act is going to inspire more Roth IRA conversions. (investmentnews.com)
Diversity
- Why every man in the business should read Sonia Dreizler's 'Do Better' series. (thereformedbroker.com)
- Blair duQuesnay talks with Jane Wollman Rusoff about the challenges of getting more women into the wealth management business. (thinkadvisor.com)
403(b) plans
- Teachers unions are part of the 403(b) high fee problem. (wsj.com)
- Insurance companies make it nearly impossible for teachers to move their overpriced 403(b) plan accounts. (tonyisola.com)
Advisers
- Kris Venne, "When your value proposition is delivering advice vs. selling product, not everybody with a checkbook is a great fit. Not only will you be happier as an advisor once you accept this, but your clients will be better off." (citywireusa.com)
- Why advisors need to reassess their fees on a regular basis. (fa-mag.com)
- How CDFAs help clients during a divorce. (wealthmanagement.com)
- Interactive Brokers ($IBKR) has beaten other custodians to the fractional share trading punch. (riabiz.com)
- Self-director investors tend to underperform managed portfolios, i.e. target-date funds, in 401(k) plans. (morningstar.com)
- Roger Whitney, "True financial planning is no longer a product; it is a fluid, never-ending project focused on managing change." (kitces.com)
