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 can better worth with immigrant clients.
Quote of the Day
"During my dad’s illness, I experienced firsthand what had, until then, just been book learning: Financial planners are often at their best when your life is at its worst."
(Ron Lieber)
Careers
- Larger RIAs are creating career paths for back office professionals. (wealthmanagement.com)
- How much RIA employees get paid on average. (thinkadvisor.com)
- Competition for talent is driving wealth management compensation higher. (investmentnews.com)
- Merrill Lynch Wealth Management is hiring like crazy in Florida. (bloomberg.com)
M&A
- It's hard to overstate the role that private equity is having on the RIA space. (investmentnews.com)
- 'Grow or sell' is the wealth management dilemma. (investmentnews.com)
The biz
- Apex Clearing is going public via a merger with a SPAC. (riabiz.com)
- Morgan Stanley ($MS) is pushing deeper into the business of employee stock options. (wsj.com)
- Envestent has launched a new platform the Envestnet Trust Services Exchange to facilitate generational wealth transfers. (thinkadvisor.com)
Fintech
- Capitalize wants to sit between the (massive) flow of 401(k) rollovers and RIAs. (riabiz.com)
- Zoe Financial saw a growing number of RIAs sign on in 2020. (riaintel.com)
Josh
- It's been a rough year, but it's time to start looking forward. (thereformedbroker.com)
- Blair duQuesnay, "Leadership requires no title. It’s an attitude of service to others." (blairbellecurve.com)
Books
- Morgan Housel has some book recommendations including "Bubble in the Sun: The Florida Boom of the 1920s and How It Brought on the Great Depression" by Christopher Knowlton. (collaborativefund.com)
- Some books financial advisors have been reading of late including "How much can I spend in retirement?" by Wade Pfau. (financial-planning.com)
