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 unique challenges of working with UHNW clients.
Quote of the Day
"My client acquisition process was partially designed by using the opposite techniques being sold to advisors. It’s critical that any client engagement be a positive experience for both of us."
(Allan Roth)
Podcasts
- Brendan Frazier on how your clients change will inevitably over time. (wiredplanning.com)
- Michael Kitces talks with Jon Henderson who is the Founder and CIO for Echo45 Advisors about building a tech stack for a breakaway advisory firm. (kitces.com)
- Dan Haylett talks with Phil Pearlman about the relationship between health and wealth. (humansvsretirement.com)
Custodians
- Charles Schwab ($SCHW) is laying off staff post-TDA closing. (riabiz.com)
- Despite bumps along the way, most RIAs are staying put at Schwab ($SCHW). (investmentnews.com)
- Fidelity is joining Schwab in making it harder to sweep customer cash. (riabiz.com)
The biz
- Goldman Sach's ($GS) future is in wealth management. (ft.com)
- Creative Planning has closed on its purchase of Goldman Sachs' ($GS) PFM unit. (citywire.com)
- Creative Planning is expanding its reach in the retirement plan space. (citywire.com)
- Choreo is buying the wealth management business of BDO USA. (investmentnews.com)
M&A
- The RIA model continues to take share. (riaintel.com)
- How to prep an RIA for sale. (fa-mag.com)
- Research into how RIAs grow. (papers.ssrn.com)
Taxes
- A 2023 year-end tax planning guide. (kindnessfp.com)
- The ins and outs of backdoor Roth IRAs. (kitces.com)
Advisers
- How the profession of financial planning has changed over time. (investmentnews.com)
- Advisers need to distinguish themselves from alternatives. (advisorperspectives.com)
- Higher cash yields are both a challenge and opportunity for advisers. (etf.com)
- The latest in financial advisortech including a new pay-per-lead generation platform. (kitces.com)
- What the new DOL rules mean for IRA rollovers. (thinkadvisor.com)
- The 10 best financial advisor conferences to attend in 2024. (kitces.com)
