Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at why listening is such a critical skill for advisers.
Quote of the Day
"As the principal of an award-winning advisory firm for almost 30 years, I can say that the wealth management industry feels like it is decades behind other professional services sectors. Worse, we’re going to remain behind until we change our ways."
(Scott Hanson)
Deals
- Hightower is not slowing its acquisition pace. (financial-planning.com)
- SVB Financial Group, the parent of commercial bank Silicon Valley Bank, plans to buy Boston Private for about $900m in shares and cash. (citywireusa.com)
- Bigger companies are increasingly coming into the sights of aggregators. (riaintel.com)
The biz
- Fidelity opened a lot of new accounts in 2020, but can they convert them into deeper relationships? (wsj.com)
- Sequoia Capital is upping its bet on Vise as a player in the direct indexing business. (riabiz.com)
- Former Vanguard CEO Bill McNabb has invested in startup custodian Altruist. (riaintel.com)
- The latest in advisor fintech news including Mass Mutual's acquisition of Flourish. (kitces.com)
- How to ensure greater diversity at industry conferences. (morningstar.com)
Planning
- Probability of success is not the only measure when it comes to a Monte Carlo simulation. (kitces.com)
- Five paradoxes of financial planning including 'A 65-year-old retired woman has a longer investing horizon than a toddler has for college.' (thinkadvisor.com)
- Three assets that advisors need to keep in mind when building a plan. (thinkadvisor.com)
Advisers
- There's no such thing as a local advisor anymore. (thereformedbroker.com)
- How much is enough? Why one advisor stopped taking on new clients. (calibratingcapital.com)
- 2020 highlighted for clients the potential for portfolio volatility. (riaintel.com)
- How to wean your clients off of their need for forecasts and predictions. (financial-planning.com)
- A Q&A with Skip Schweiss as he takes over as volunteer president of the Financial Planning Association. (riaintel.com)
