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 there is no such thing as a ‘local advisor’ any more.
Quote of the Day
"For many, the 2020 experience was a taster of what retirement could be like — as well as providing a jarring reminder to people to put their financial affairs in order."
(Claer Barrett)
Chart of the Day
If advisers are investing in cryptocurrencies for clients it usually comes in an alternatives bucket.
Podcasts
- Michael Kitces and Carl Richards talk about why advisers should consider specializing their practice. (kitces.com)
- Howard Lindzon talks with Douglas Boneparth of Bone Fide Wealth about advising Millennials. (howardlindzon.com)
- Reid Hoffman talks with Sallie Krawcheck, co-founder and CEO of Ellevest, about what the pandemic has cost women. (podcasts.apple.com)
- Michael Kitces talks with Kristin Harad about how she went from advisor to providing outsourced CMO services to midsize RIAs. (kitces.com)
The biz
- Orion has completed the integration of Adizer. (riabiz.com)
- Citigroup ($C) has restructured its global wealth management business. (wsj.com)
- Why Charles Schwab ($SCHW) felt the need to close it in-house PAC. (riabiz.com)
IRAs
- Things to avoid when opening an backdoor Roth IRA. (morningstar.com)
- Michael and Ben talk with Bill Sweet about how to choose between traditional Roth IRAs. (awealthofcommonsense.com)
- In praise of tax diversification when it comes to IRAs. (humbledollar.com)
Diversity
- What roadblocks stand in the way of greater diversity in wealth management? (riaintel.com)
- The ranks of CFPs are becoming more diverse, albeit slowly. (financial-planning.com)
Communication
- Why you should be swapping e-mails for phone calls. (advisorperspectives.com)
- The pandemic has highlighted why advisers need to embrace social media. (absoluteengagement.com)
Advisers
- For those nearing retirement the pandemic has been a series of cross-currents. (ft.com)
- People making early withdrawals from retirement accounts may not understand the consequences. (privpapers.ssrn.com)
- When encouraging lifelong learning trumps so-called professional development. (fpadvance.com)
- Whether we realize it or not, we are all deceiving ourselves in one way or another. (klementoninvesting.substack.com)
