Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at the planning challenges of gray divorce.
Quote of the Day
"Given the effectiveness of diversification in reducing portfolio volatility, it’s easy for investors to become complacent with what, in essence, is a concentrated portfolio, overlooking the fact that misfortunes can accumulate and compound over time."
(Roni Israelov)
Podcasts
- Jason Wenk and Dasarte Yarnway talk with Michael Kitces about advisor tech and practice management. (altruist.com)
- Brendan Frazier talks with Libby Greime about creating systems and processes to scale the human-to-human connection. (wiredplanning.com)
- Michael Kitces talks with Jim Ludwick about turning prospects into clients. (kitces.com)
Crypto
- Securitize is buying Onramp. (riaintel.com)
- Turnqey wants to be for crypto 'what is Plaid for banking assets.' (investmentnews.com)
The biz
- Goldman Sachs ($GS) is expected to sell the former United Capital business. (riabiz.com)
- Banks want to become advisers. Advisers want to become banks. (investmentnews.com)
- Investors keep lining up to buy stakes in a crowded RIA market. (riabiz.com)
Advisers
- Why advisory firms need a well-articulated criteria to 'fire' a client. (kitces.com)
- Vestwell is set to administer the nation’s first multi-state retirement program. (wealthmanagement.com)
- Jim McNabb's post-Vanguard career is focused on fintech. (investmentnews.com)
- A Q&A with Sarah McDaniel of Morgan Stanley's ($MS) Art Resources Team. (observer.com)
- 401(k) millionaires on average have very high savings rates. (wsj.com)
- There is a racial gap in estate planning. (crr.bc.edu)
