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 much advisers are compensated on average.
Quote of the Day
"Today, there’s a bounty of choices for RIAs looking to sell."
(Bruce Kelly)
Podcasts
- Michael Kitces talks with Sophia Bera, founder of Gen Y Planning, about a remote planning model. (kitces.com)
- Christine Benz and Jeff Ptak talk with Meg Bartelt who started Flow Financial Planning, a fee-only practice, geared toward providing financial guidance for women in the technology sector in 2016. (morningstar.com)
- Michael Kitces talks with Maura Griffin, founder of Blue Spark Financial, who works with women making financial decisions on their own for the first time. (kitces.com)
The biz
- Betterment is buying Canada-based Wealthsimple’s U.S. business. (wealthmanagement.com)
- Despite Texas' rollback, Fidelity and Schwab are going to keep maintaining Covid precautions in the state. (riabiz.com)
- All the latest happenings in financial advisor fintech including Microsoft's launch of a new “Cloud for Financial Services.” (kitces.com)
- You can't just close your eyes to the fact that parts of wealth management are becoming commoditized. (wealthmanagement.com)
Virtualization
- It's not just client meeting that are going virtual. The whole idea of the RIA is going virtual. (financial-planning.com)
- It's hard to imagine the wealth management business without Zoom ($ZM) these days. (ft.com)
Alternatives
- There is a bull market in alternative investment platforms focused on RIAs. (financial-planning.com)
- KKR ($KKR) and iCapital are getting even closer. (riaintel.com)
Communication
- Some evidence that RIAs did a good job communicating with clients during the early days of the pandemic. (riaintel.com)
- Nudges can work in short run, but don't let nudges bypass real client education. (kitces.com)
- Why the first few client contact points are so crucial to setting expectations. (fpadvance.com)
Practice management
- The key attributes of firms that are able to grow through acquisition. (citywireusa.com)
- You can't effectively manage your advisory practice if your own house isn't in order. (thinkadvisor.com)
Advisers
- How to be an active ally to women in financial services. (morningstar.com)
- Don't forget about crypto assets come tax time. (financial-planning.com)
- The only right answer to a sustainable withdrawal rate in retirement is: it depends. (morningstar.com)
- Four takeaways from Rory Sutherland's book "Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business and Life" for advisers. (citywireusa.com)
