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 case for pro bono financial planning.
Quote of the Day
"To engage advisory clients effectively, personalization reigns supreme."
(Zach Conway)
Chart of the Day
Lauren Tara LaCapra, “Gorman, who is stepping down within the coming year, envisions workplace stock plans as the main way Morgan Stanley will keep growing its wealth business, already one of the world’s largest with nearly $5 trillion in client money under management.” (chart via @ycharts)
Podcasts
- Jason Wenk and Dasarte Yarnway talk about how to approach client meetings. (theadvisorjourney.com)
- Brendan Frazier talks about the challenge of retirement spending with Morningstar's Christine Benz. (wiredplanning.com)
- Jim Dahle talks financial therapy with Aja Evans. (whitecoatinvestor.com)
- Frazer Rice talks Doug White about how philanthropy can go wrong. (podcasts.apple.com)
- Daniel Crosby lays out seven rules for life and money. (standarddeviationspod.com)
Creative Planning
- Creative Planning is buying Goldman Sachs' former Personal Financial Management unit. (citywire.com)
- The deal underlines Creative Planning's rapid growth over the past few years. (riabiz.com)
- Creative Planning could reintroduce the United Capital brand. (advisorhub.com)
- How Creative Planning plans to integrate Goldman Sachs' PFM unit. (citywire.com)
Schwab-TDA
- The road to the Schwab-TDA integration has been a long one. (citywire.com)
- Charles Schwab ($SCHW) is on track to retain ~95% of TDA assets. (riabiz.com)
- Nine tips to help manage the TDA-Schwab transition including 'third-party direct deposits.' (kitces.com)
M&A
- Acquisitions are hard to manage, for all parties involved. (investmentnews.com)
- Crafting non-compete agreements for advisers is complicated. (citywire.com)
- Why retiring advisers often have second thoughts. (kitces.com)
UHNW clients
- A Q&A with Jill Shipley, managing director and head of governance and education at AlTi-Tiedemann Global about charitable giving. (thinkadvisor.com)
- UHNW individuals don't want to talk about traditional retirement. (thinkadvisor.com)
Advisers
- Scott MacKillop, "Start thinking about yourself as a financial physician rather than a financial cobbler. Communicate your understanding of the client’s underlying issues and concerns in terms that the client can understand. Then explain how you will address them." (advisorperspectives.com)
- The language of financial planning can get in the way of life planning. (forbes.com)
- Building a presence online for an advisory practice is no small thing. (thereformedbroker.com)
- IPO wealth is a unique financial planning opportunity. (flowfp.com)
- How the relationship between a client and adviser changes pre-retirement. (investmentnews.com)
- Pre-retirees need more help than they are willing to admit. (fa-mag.com)
- Substance abuse issues complicate the estate planning process. (thinkadvisor.com)
