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 your outlook changes as you work with increasingly wealthy clients.
Quote of the Day
"I tell clients my life story because it’s taught me important lessons."
(Kevin Thompson)
The biz
- The big get bigger: Cresset Asset Management is buying Meristem Family Wealth. (riaintel.com)
- Where does Goldman Sachs' ($GS) integration of United Capital stand? (riabiz.com)
- Multi-family office Pathstone is buying direct indexing provider Advisor Partners. (citywireusa.com)
- How is Betterment going to use its Makara, i.e. cryptocurrency, acquisition? (riabiz.com)
- Wealth managers are struggling to keep tech talent. (riaintel.com)
Practice management
- Does a 'free' initial financial plan reduce the value of ongoing advice in the mind of clients? (kitces.com)
- When starting out you need fewer, better clients. (morganranstrom.substack.com)
- Three areas where human advisers add value over digital solutions including 'emotional value.' (kitces.com)
Adviser
- Auto IRAs are gaining momentum around the country. (investmentnews.com)
- Uncertainty surrounding student debt forgiveness complicates advice giving. (investmentnews.com)
- Another example of where communication about money matters so much. (investmentnews.com)
- Loneliness makes older Americans more at-risk of financial scammers. (fastcompany.com)
- Financial well-being impacts other parts of our lives. (joylere.substack.com)
- Why 'safe withdrawal rates' are a misnomer. (thefinancialbodyguard.com)
- Why people give to charity. (cnbc.com)
