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 selling your firm changes how you spend your time.
Quote of the Day
"I used to think anybody could be taught to manage money sensibly. I no longer believe that."
(Jonathan Clements)
The biz
- Why Charles Schwab ($SCHW) advisers are shunned by RIAs. (financial-planning.com)
- Is the "lifestyle RIA" doomed to extinction? Merchant Investment Management says not yet. (riabiz.com)
- Finra is going to start taking a closer look at brokerage sweep arrangements. (investmentnews.com)
Work-life balance
- How to create an advisory firm that values work-life balance. (blog.xyplanningnetwork.com)
- Overworked, unhappy advisers make for unhappy clients. (iris.xyz)
Clients
- How does a client feel before taking an initial meeting with an advisor? (ebadvisormarketing.com)
- It's not enough to explain a financial plan to an investor. "If the investor isn’t fully on board with the plan and the investment strategy, you are going to run into trouble." (klementoninvesting.substack.com)
- How to have the 'scary markets' talk with clients. (kitces.com)
- "Agreeable Investors" often overestimate their risk tolerance. (morningstar.com)
Advisers
- Why advisers need to keep an eye on what is happening in mobile banking. (financial-planning.com)
- 'Time-limited' foundations are becoming more popular. (nytimes.com)
- How QCDs will change with the SECURE Act. (financialducksinarow.com)
- Do advisors need to add podcasting to their content repertoire? (investmentnews.com)
