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 best calculate Roth IRA conversions.
Quote of the Day
“The RIA model’s going to keep winning. We have no doubt of that and we’re happy to be part of that.”
(Walt Bettinger, CEO of Charles Schwab)
Podcast
- Michael Kitces talks with Mindy Crary, owner of Creative Money, about making it clear about fiduciary marketing. (kitces.com)
- Daniel Crosby talks with Kurt Brown, CEO and CIO, of TownSquare Capital. (standarddeviationspod.com)
Compliance
- Jason Zweig, "In 30 years of writing about the financial-advice industry, I never learned that advisers can provide less-comprehensive disclosures than stockbrokers." (wsj.com)
- Advisers are scrambling to get into compliance with new advertising rules. (wealthmanagement.com)
- On the difference between state and federal RIA registration. (kitces.com)
- Investor complaints about brokers have skyrocketed in recent years. (investmentnews.com)
The biz
- Charles Schwab ($SCHW) execs are trying to set expectations for the TDA switchover. (investmentnews.com)
- What Goldman Sachs' ($GS) reorganization means for wealth management and Marcus. (riabiz.com)
- Fifth Third Bank ($FITB) has launched an independent wealth advisory firm. (financial-planning.com)
- How Morningstar ($MORN) Wealth is getting into the direct indexing game. (investmentnews.com)
- Farther's value proposition for advisers is that they can spend less time running their business. (riabiz.com)
Practice management
- Schwab's 2022 RIA Benchmarking Study is here. (advisorservices.schwab.com)
- Insights from the Schwab study including why firms that have an 'ideal client persona' tend to thrive. (thinkadvisor.com)
Advisers
- Arta Finance, which just raised a big round of capital, aims to be the “digital family office for the world.” (techcrunch.com)
- Advisory firm margins aren't going down. (investmentnews.com)
- Be careful soliciting client testimonials. (advisorperspectives.com)
- Tax-loss harvesting requires proactive client communication. (thinkadvisor.com)
