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 it takes to provide holistic wealth management to clients.
Quote of the Day
"I often refer to retirement as the “great unknown.” We don’t know when it’s going to start, when it’s going to end, or how much we’re going to spend each year--all we can do is guess. This is why the key is making educated guesses and not only relying on an average length of retirement."
(David Blanchett)
Podcasts
- Michael Kitces talks about hiring talent outside of financial services to help scale an organization with Stephanie McKinnon, COO of Morton Capital. (kitces.com)
- Barry Ritholtz talks with Mandell Crawley, who is Morgan Stanley’s head of private and international wealth management. (ritholtz.com)
- Christine Benz and Jeff Ptak talk with Ed Slott about the implications of the SECURE and CARES Acts in 2020. (morningstar.com)
- Cameron Passmore and Benjamin Felix talks with Michael Kitces about the business of financial advice. (rationalreminder.libsyn.com)
Diversity
- Diversity is something separate from inclusion. (kitces.com)
- How gender equity, racial and social justice, social inform how Rachel Robasciotti, founder and CEO of Robasciotti & Philipson, invests for clients. (morningstar.com)
- How custody firms could help foster more diversity. (citywireusa.com)
- The Carson Group is helping to fund CFP-registered financial planning programs at HBCUs (thinkadvisor.com)
Schwab
- Charles Schwab ($SCHW) has launched a free, digital retirement planning tool for clients. (thinkadvisor.com)
- The Schwab software is a modified version of MoneyGuidePro licensed from Envestnet. (riabiz.com)
- Schwab's move may not be an immediate threat to advisers but points to the need for a longer term plan for survival. (thinkadvisor.com)
The biz
- What is Morgan Stanley ($MS) going to do with E-Trade's small RIA custody business? (investmentnews.com)
- Betterment is launching advised 401(k) plans. (wealthmanagement.com)
- Every financial advisor doesn't have access to every available ETF. (etf.com)
Conferences
- Has the pandemic killed in-person conferences for good? (wealthmanagement.com)
- Plans for in-person 2021 conferences are still up in the air. (financial-planning.com)
Model portfolios
- Advisers are still reluctant to give up their portfolio management responsibilities even in pandemic. (riaintel.com)
- Model portfolios still require upfront work on the part of advisers. (investmentnews.com)
Advisers
- Form CRS has not prompted much in the way of client engagement. (wealthmanagement.com)
- The CIAS IQ platform is providing advisers bite-sized lessons on alternatives. (riaintel.com)
- In rare cases, fee discounting is appropriate. (fpadvance.com)
- If you are a Texas-based financial advisor, Josh wants to talk to you. (thereformedbroker.com)
