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 tax planning can enhance an advisor service offerings.
Quote of the Day
"As an adviser, you can only make money if your clients trust you and follow your advice. But your clients are far more likely to follow your advice if you give honest advice and live up to your mistakes/"
(Joachim Klement)
The biz
- How Fidelity beat Schwab to fractional share trading. (riabiz.com)
- United Capital is offically getting rebranded as Goldman Sachs Personal Financial Management. (wealthmanagement.com)
- Fidelity Clearing & Custody Solutions is the latest custodian to bring paperless account opening to financial advisers. (investmentnews.com)
Schwab-TD
- Four factors that could trip up the Schwab-TD deal from an anti-trust perspective. (riabiz.com)
- Breathing a sigh of relief: re-papering TD accounts should be held at a minimum. (fa-mag.com)
M&A
- Why RIA M&A rolls on: organic growth is hard to come by. (wealthmanagement.com)
- Peter Trovato, "Copley invested in GregoryFCA because PR is essential for RIAs, but it is too non-core to bring in-house." (riabiz.com)
Practice management
- Why advisers should be driving their costs down sooner and more aggressively. (wealthmanagement.com)
- Four reasons to think about changing your fee model. (thinkadvisor.com)
- What financial advisors can do to better protect client data. (kitces.com)
Advisers
- Sometimes you can't do everything you want: where financial planning comes in. (thefinancialbodyguard.com)
- Why we should think of advisers as 'knowledge guides' not experts. (flowfp.com)
- Why you should prompt clients to save more of their pay raises. (morningstar.com)
- Financial stress and financial anxiety are two distinct issues. (kitces.com)
- Some mental scripts that make the transition to retirement difficult. (iris.xyz)
- The death of the stretch IRA makes Roth conversions more attractive. (morningstar.com)
- Every adviser has come across a client portfolio best described as a 'broker's special.' (humbledollar.com)
