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 advisers need minimum fees.
Quote of the Day
"But when you inspire people and gain their attention with empathy and solutions, it’s a whole other level of professional satisfaction. Saying constructive, uplifting things makes it a little bit more of a challenge to get that initial burst of attention, but when you get it, it’s real. For the right reasons. This is the highest ideal we have in our industry."
(Josh Brown)
Podcasts
- Jeff Benjamin and Jeff Kelly talk with Sonya Dreizler about how the financial advice business can make progress on diversity. (investmentnews.com)
- Michael Kitces talks with Georgia Lee Hussey who is the Founder and CEO of Modernist Financial about bringing your values to a practice. (kitces.com)
- Justin Castelli talks with Matt Fizell about launching his new firm Harmony Wealth. (allaboutyourbenjamins.com)
The biz
- Charles Schwab ($SCHW) is paying a $200 million fine for robo-advisor disclosures. (advisorhub.com)
- How Schwab got sideways with the SEC. (riabiz.com)
- Interactive Brokers ($IBKR) wants to be an alternative to the big custodians. (citywireusa.com)
- What are JP Morgan Chase's ($JPM) plans for OpenInvest? (riabiz.com)
M&A
- CI Financial ($CIXX) is still buying up RIA practices. (riabiz.com)
- Smaller banks are buying up asset managers. (financial-planning.com)
Wealthtech
- Zoe Financial has referred $1 billion in AUM to its partners. (riaintel.com)
- Checking in on Ellevest as it passes $1 billion in AUM. (investmentnews.com)
Practice management
- Angie Herbers, "Instead of being a data-driven firm, be data-informed and innovation-driven." (thinkadvisor.com)
- Eight lessons learned from six years of independence as an RIA. (allaboutyourbenjamins.com)
- How to know when to hire more advisers. (thinkadvisor.com)
- How to add project-based planning to your advisory business. (morningstar.com)
Advisers
- Allan Roth, "The CFP Board states it has a lofty mission, but is no longer trying to live up to it." (financial-planning.com)
- Advisers need to plan today for lower fees down the road. (riaintel.com)
- Why advisers should want to track client crypto holdings. (allaboutyourbenjamins.com)
- How you should communicate your succession plan to stakeholders. (advisorperspectives.com)
- What does 'substantially identical' actually mean when it comes to wash-sales? (morningstar.com)
- Why even basic financial planning can be valuable. (klementoninvesting.substack.com)
- Why retirees should put together a 'spending plan.' (advisorperspectives.com)
- The Investopedia 100 Top Financial Advisors of 2021. (investopedia.com)
