Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at Fidelity’s efforts to modernize its offerings for younger generations.
Quote of the Day
"Every movement will eventually be co-opted by moneyed interests and plain old human nature. And if you think Wall Street isn’t going to eventually feed on all of this activity and bring it under their sphere of influence, you might want to read some history. Nothing escapes the grasp of The Street in the end."
(Joshua Brown)
Chart of the Day
Adaptable organizations are better able to accommodate remote workers.
The biz
- Morningstar ($MORN) is launching a dedicated business unit for RIAs and smaller IBDs. (riabiz.com)
- Facet Wealth has a unique revenue model and has attracted a big slug of capital to support it. (financial-planning.com)
- LPL shows the broker-dealer model isn't dead yet. (riabiz.com)
- Fidelity has updated its Wealthscape advisor tech platform. (thinkadvisor.com)
- Skepticism abounds about the future of Wealthfront inside UBS. (riabiz.com)
Practice management
- How to manage a firm when everyone is out sick. (thinkadvisor.com)
- Another example of how targeting a niche clientele can help build momentum. (riaintel.com)
- How much RIAs spend on training. (thinkadvisor.com)
Advisers
- The SEC is likely to strengthen cybersecurity requirements for advisers. (investmentnews.com)
- The many ways in which advisers can add value to clients. (f5fp.com)
- Why advisers don't bring up ESG to clients. (riaintel.com)
- Q1 is 'Medicare do-over season.' (investmentnews.com)
- How Jake Stoneburner helps NFL players manage their finances. (thinkadvisor.com)
- How to turn a reluctance to do 'financial planning' into action. (advisorperspectives.com)
- Women still make up less than 25% of CFPs. (thinkadvisor.com)
- How spending changes in retirement. (monevator.com)
