Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at some things to keep in mind with donor-advised funds.
Quote of the Day
"As we move further into the Age of the Creator, and witness more personal online ingenuity, creativity, and independence than ever before, advisors and other financial services professionals need to ask themselves how their products and services measure up."
(Dani Fava)
Podcasts
- Ed Lopez talks with Dasarte Yarnway, Founder & Managing Director of Berknell Financial Group about building an investment advisory practice and taking his business digital. (vaneck.com)
- Michael Waitze talks with Troy Prince about how he came to start Wall Street Bound. (socialinnovationpodcast.com)
M&A
- Michael Thrasher, "Buyers are paying a premium for wealth management firms that have three things: strong leadership, growth, and scale." (riaintel.com)
- Hightower Advisors has announced five deals in four weeks. (riabiz.com)
- Creative Planning has been on a buying spree since February. (thinkadvisor.com)
- Succession planning is a double-edge sword for advisers. (etf.com)
The biz
- Charles Schwab ($SCHW) is effectively outsourcing its model portfolio business through the Envestnet Fund Strategist Network. (riabiz.com)
- Fidelity is adding its model portfolios to the Orion platform. (thinkadvisor.com)
- Pershing is making it easier for advisers to access alternatives on its platform. (riaintel.com)
- JP Morgan ($JPM) is hiring advisers who will be remote-only. (investmentnews.com)
Regulatory
- The new Form CRS are not adequately capturing firms' disciplinary histories. (wsj.com)
- Massachusetts is pushing forward with its own fiduciary standard. (investmentnews.com)
- Can a robo-advisor truly be a fiduciary for 401(k) plans? (financial-planning.com)
Advisers
- Mary Beth Franklin, "But advisers should help their clients understand that retirement age and claiming age are two separate decisions." (investmentnews.com)
- Pre-retirees are getting slammed by the pandemic. (barrons.com)
- How to avoid engaging in statistical discrimination. (morningstar.com)
- Why selling 'peace of mind' doesn't work over the long haul. (advisorchecklist.com)
- Is direct indexing overhyped? (riaintel.com)
