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 RIA practices became virtualized in pandemic.
Quote of the Day
"Financial planning is a world of probabilities, not certainties."
(Ashby Daniels)
Podcasts
- Michael Kitces talks dealing with multi-generational wealth with Coventry Edwards-Pitt Covie is the Chief Wealth Advisory Officer at Ballentine Partners. (kitces.com)
- Cathy Covey talks money habits with note clinical psychologist Joy Lere. (curtisfinancialplanning.com)
Diversity
- An Ariel-Schwab study shows reasons why Black Americans trail in building wealth. (businesswire.com)
- Five stories of female investment success from around the world. (blogs.cfainstitute.org)
- What advisers should keep in mind when working with LGBTQ clients. (morningstar.com)
- Younger generations of women engage differently with financial advisers. (thinkadvisor.com)
Career paths
- Some good advice on how to become a financial advisor. (theirrelevantinvestor.com)
- Many RIAs think remote work will help attract and retain younger talent. (investmentnews.com)
The biz
- CI Financial ($CIXX) is on an acquisition tear. (wealthmanagement.com)
- M1 Finance is positioning itself as the Charles Schwab ($SCHW) for a new generation. (riabiz.com)
- Some long-tenured Creative Planning employees are now hold equity in the firm. (citywireusa.com)
- A Q&A with Patrick O'Shaugnessy about the state of direct indexing and its future. (thinkadvisor.com)
Fintech
- You have a 'tech stack' even if you don't realize it. Why firms are trying to help advisers navigate the increasingly complicated landscape. (investmentnews.com)
- Orion is buying HiddenLevers a company that provides risk applications and analytics to financial advisors. (riaintel.com)
- AssetMark Institutional wants to provide RIAs with a full suite of services and technologies. (citywireusa.com)
Prospecting
- Have too many prospective clients? What to do to help them. (kitces.com)
- Letting go of clients may be painful, but it can help an adviser refocus their business. (wealthmanagement.com)
Planning
- Financial advice is in large part about dealing with complexity. (certaintyadvicegroup.com)
- Why you need an advisor who will keep an open mind. (allaboutyourbenjamins.com)
- Employees who integrate their equity compensation with financial plans value them more highly. (investmentnews.com)
Advisers
- What brokers need to know about deferred compensation before going independent. (riabiz.com)
- The disparities between state and federal regulation of RIAs keep growing. (wsj.com)
- An important part of an adviser's job is to hold clients accountable. (thomaskopelman.com)
- Instead of giving advice, ask questions. (danielsolin.com)
