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 to build a pipeline of women in wealth management.
Quote of the Day
"It’s hard not to have an opinion. It’s hard to ignore that opinion when allocating investment dollars. And when professionals share their opinions, it’s hard to avoid attaching weight to them – especially given how good some professionals are at presenting these views and expressing all the reasons for why we should heed them."
(Josh Brown)
Podcasts
- Dasarte Yarnway talks with Samuel Deane and Simon Tryzna about how to approach a liquidity event at your company. (soundcloud.com)
- Frazer Rice talks with estate planning attorney Brian Balduzzi about the things the LGBTQ+ community needs to keep in mind when planning. (frazerrice.com)
- Michael Kitces talks with Thomas Gau at Materetsky Financial Group about communicating with clients. (kitces.com)
The biz
- Envestnet’s AUM came in at $315.4 billion at the end of Q2. (investmentnews.com)
- Competition for risk software is heating up with the entry of giant Morningstar ($MORN). (riabiz.com)
- More smaller banks are trying to beef up their wealth management efforts. (financial-planning.com)
- Despite a scad of bad publicity, Fisher Investments is nearing $200 billion in AUM. (riabiz.com)
Fees
- There is a good chance that your clients don't understand the fees they are paying. (riaintel.com)
- More advisers are foregoing an AUM fee for an ongoing flat fee or hourly rate. (wsj.com)
Practice management
- Focusing on a niche makes your communication strategy more streamlined. (thinkadvisor.com)
- How to prioritize your technology spending between client use and internal use. (thinkadvisor.com)
- Ten things Allan Roth did right (and wrong) in building a practice. (advisorperspectives.com)
Advisers
- Financial planning is a family affair, warts and all. (financial-planning.com)
- For which type of clients are donor advised funds appropriate? (advisorperspectives.com)
- Beyond the financial benefits of 529A (ABLE) plans. (kitces.com)
- What client say they want can differ from what they actually need. (advisorperspectives.com)
