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 deal with the sudden exit of a client.
Quote of the Day
"If you're going to be a hybrid broker/advisor, you can't market that you're an advisor - and then swerve into being a broker."
(Michael Kitces)
The biz
- Fidelity is rolling our fractional shares for advisory clients. (investmentnews.com)
- Flourish is launching Flourish Crypto to connect advisers with Bitcoin. (theblockcrypto.com)
- A Q&A with Jason Wenk of Altruist about making good financial advice more widely available. (thinkadvisor.com)
Betterment
- Betterment just raised new capital at a $1.3 billion valuation. (wealthmanagement.com)
- How Betterment plans on spending its newfound capital. (riabiz.com)
Direct indexing
- Why Franklin Templeton ($BEN) bought OSAM, think Canvas. (riaintel.com)
- Michael Batnick, "ETFs are going to be just fine. They’re still a wonderful tool for nearly all investors...But I also believe that custom indexes are just getting started and have a long runway ahead." (theirrelevantinvestor.com)
- How Vanguard plans to roll out direct indexing capabilities to clients. (riabiz.com)
- On the benefits of getting a first look at new fintech tools. (ritholtz.com)
Advisers
- What RIAs are doing to attract recent college graduates as employees. (riaintel.com)
- Three things to keep in mind with NUA transactions. (kitces.com)
- What a month of real financial advice looks like in practice. (bunker-riley.com)
- How RWM is building out a pro bono practice focused on single moms. (blairbellecurve.com)
