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 remote work could open up financial planning careers to more people.
Quote of the Day
"Cutting checks to retiring Boomer advisors and buying clients with a “war chest” of other people’s money takes skill and expertise to be sure, but it’s just not as impressive to me and it never will be. You can’t buy a culture."
(Josh Brown)
Chart of the Day
Nearly everyone agrees that Social Security claiming needs an overhaul.
Podcasts
- Michael Kitces talks with Shane Mason who is the co-founder of Brooklyn FI, a fee-only RIA, about their subscription model. (kitces.com)
- Daniel Crosby talks with Stacy Havener of Havener Capital Partners, an independent third party marketing firm, about the importance of narrative in sales. (standarddeviationspod.com)
- Christine Benz and Jeff Ptak talk with Bill Schultheis author of "The Coffeehouse Investor's Ground Rules: Save, Invest, and Plan for a Life of Wealth and Happiness." (morningstar.com)
- On the benefits of social media for financial advisors. (wealthmanagement.com)
- A list of the best podcasts for financial advisors. (money.usnews.com)
M&A
- The M&A space is getting more complicated as acquirers begin transacting with each other. (citywireusa.com)
- Warburg Pincus is reupping its investment in Edelman Financial Engines. (riaintel.com)
- A deep dive into the current state of business at Edelman Financial Engines. (riabiz.com)
Hiring
- Dynasty Financial Partners is planning a hiring spree that was delayed by pandemic. (riaintel.com)
- One example of how to break into the financial advisory business. (theirrelevantinvestor.com)
- Five tips for posting an effective job description. (blog.xyplanningnetwork.com)
- When hiring remotely you can't just rely on Zoom calls. (wealthmanagement.com)
Equity compensation
- How to work with clients integrating their equity compensation in with their overall financial plan. (morningstar.com)
- How to avoid this error when negotiating a compensation package with a startup. (news.crunchbase.com)
Branding
- Brand consistency is important, especially when dealing with UNHW individuals. (wealthmanagement.com)
- Things to keep in mind when building an advisor website. (financial-planning.com)
- The race is now on for compliance with new SEC advertising rules. (investmentnews.com)
- The worst thing you can try to do is be everything to everyone. (fpadvance.com)
Advisers
- How the use of historical returns can bias Monte Carlo projections. (advisorperspectives.com)
- RMD rules are going to be different for 2021 and 2022. (investmentnews.com)
- This test makes makes taking a home office exclusion significantly more difficult. (kitces.com)
- RIAs need to have answer when it comes to impact investing. (riaintel.com)
- Does Vanguard have a growing customer service problem? (financial-planning.com)
- MoneyGuide is moving to beef up its estate planning tools. (riaintel.com)
