Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at the rise of donor-advised funds over the past decade.
Quote of the Day
"If we’re going to truly usher in the next era financial professionals, we need to begin focusing on growth metrics that express more than just how much money is managed."
(Douglas Boneparth)
Podcasts
- Tyrone Ross talks with Josh Brown about the advisory business and what life is like in the (financial) media spotlight. (thereformedbroker.com)
- Michael Kitces talks with Steph Bruno who is the founder of Sea to Peak Financial Advisors, an independent RIA with offices based in Seattle and Denver, about the upside of outsourcing. (kitces.com)
Transactions
- Inside the story of the merger of Savant Capital Management and Huber Financial Advisors. (bpsandpieces.com)
- Envestnet has purchased a stake in Dynasty Financial Partners. (riabiz.com)
- The advisory space is so hot that PE firms are now buying stakes in advisor-focused PR firms. (investmentnews.com)
- Advisers who have sold their practices to aggregators find they have more time to spend with clients. (advisorhub.com)
Retirement
- Side hustles are becoming the norm in retirement. (kiplinger.com)
- Retirement is looking more like a glidepath than a cliff these days. (wsj.com)
Advice giving
- Three reasons why a DIY investor may want to consider hiring a financial advisor. (vanguardblog.com)
- Why its a bad idea to provide financial advice without having a full picture of someone's situation. (klementoninvesting.substack.com)
401(k) plans
- You can tweak the 401(k) structure all you want, but it is fatally flawed. (morningstar.com)
- Is Amazon's ($AMZN) new 401(k) plan arrangement a sign of the future? (riabiz.com)
Advisers
- "The only truly ‘clean’ way to shift retirement dollars from one account to another, without any tax reporting obligations, is with a Direct Transfer..." (kitces.com)
- Investments are only one of the top concerns of high net worth families. (worth.com)
- How the SECURE Act changes RMDs and QCDs. (kitces.com)
- Opportunity Zone funds are finally taking off, but are not being used for their original purpose. (bnnbloomberg.ca)
