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 advisers are dealing with going remote.
Quote of the Day
"Being a good podcaster not only requires you to be knowledgeable about the subject you’re going to talk about, but it also requires you to practice how you communicate your what and your why."
(Kirk Lowe)
Chart of the Day
80% of RIA client assets are held at four, soon to be three, firms.
The biz
- Edelman Financial Engines is putting its custody business up for grabs. (riabiz.com)
- The Orion-Brinker deal has closed. (riabiz.com)
Books
- Why you should share Morgan Housel's new book "The Psychology of Money" with clients. (bunker-riley.com)
- Why advisers should read "The Incredible Shrinking Alpha" Larry Swedroe and Andrew Berkin. (advisorperspectives.com)
Elections
- Elections are big, flashy events that only have transient effects on financial plans. (wealthmanagement.com)
- There's always a 'next big event' that clients will be wary of. An adviser's job is to focus on the long term. (investmentnews.com)
- Partisanship shouldn't affect how an adviser approaches the world, either. (allaboutalpha.com)
Practice management
- How to properly measure the lifetime value of an advisory client. (advisorperspectives.com)
- RIAs need to put in places processes to grow or find themselves selling out at some point. (riabiz.com)
- Large RIAs may be the biggest beneficiary of a loosening of rules on testimonials. (riaintel.com)
- RIAs can reduce their costs as they go remote but they can't skimp on technology or manage the same way. (kitces.com)
