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 the already wealthy ‘buy, borrow, die.’

Quote of the Day

"I don’t think what we experienced last year is a realistic stress test on how RIAs perform in a more challenging market that we likely have ahead of us — but [private equity sponsors] took it as one."

(Karl Heckenberg)

Chart of the Day

Tax fears are driving muni bond fund flows in 2021.