Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at the difference between a marketing strategy and marketing plan.
Quote of the Day
"Listening is a critical skill. Empathy is an advisor superpower. How can you know how to solve someone’s problem if you don’t give them a chance to explain it to you?"
(Josh Brown)
Podcasts
- Barry Ritholtz talks with Dave Welling, CEO of Mercer Advisors about consolidation in the industry. (ritholtz.com)
- Michael Kitces talks with Forrest Baumhover who is a financial advisor and partner with Lawrence Financial Planning about merging with a larger practice. (kitces.com)
- Meb Faber talks with David Lau, Founder and Chief Executive Officer of DPL Financial Partners, which is focused on bringing low cost insurance products to the RIA market. (mebfaber.com)
The biz
- Wealthfront continues to look less like a robo-advisor and more and more like a bank. (riabiz.com)
- Charles Schwab ($SCHW) is opening its API to DNA Behavior, a provider of behavioral profiling software. (riabiz.com)
- What exactly is a Pooled Employer Plan? (kitces.com)
Advisers
- Ryan Krueger, "Very few investment advisors have their own personal written plan. Far fewer have succession plans." (kruegercatalano.com)
- Some year-end tax changes to note including the extension of the $300 charitable deduction into 2021. (wsj.com)
- How advisers can serve as an independent second opinion. (evidenceinvestor.com)
- Advisers would do well to learn about hospitality especially via Danny Meyer's book "Setting the Table: The Transforming Power of Hospitality in Business." (financial-planning.com)
- Dan Solin, "If you want to engage someone fully, you need to ask them sensitive, thoughtful questions. When you do, you will occupy the entire bandwidth of their brain while they are speaking." (advisorperspectives.com)
