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 build a practice that outlives you.
Quote of the Day
“You have the Roth 401Ks, you have even 529 to Roth, Roth Sep, Roth Simple, Roth matching, Roth catch-up. Congress went Roth crazy. Why? Because they need the revenue. They get the money upfront. So let’s take advantage of their shortsightedness.”
(Ed Slott)
Podcasts
- Matt Zeigler talks with Daniel Crosby about his new book "The Soul of Wealth" and much more. (epsilontheory.com)
- Michael Kitces talks with Mark Berg, Founder of Timothy Financial Counsel, about using an hourly fee model. (kitces.com)
- Amy Arnott and Christine Benz talk with Andrew Blake who is associate director of wealth management for Cerulli Associates about the upcoming wave of adviser retirements. (morningstar.com)
- Daniel Crosby talks with Shawn Sparks author of "The Advisor Transformation." (joincolossus.com)
The biz
- Ken Fisher is selling a minority stake in Fisher Investments to Advent International and the Abu Dhabit investment fund. (riabiz.com)
- Wells Fargo ($WFC) wants in on the advisor custody business. (riabiz.com)
- The industry's big software providers all claim trillions in AUA. (riabiz.com)
AI
- A look at some AI-powered advisory service startups. (downtownjoshbrown.com)
- Jump is an AI assistant for advisers. (wealthmanagement.com)
Due diligence
- How to do due diligence on a CCRC. (wsj.com)
- How the Financial Exploitation Prevention Act could help prevent elder fraud. (barrons.com)
- Father time is undefeated: on the impact of cognitive decline on financial outcomes. (abnormalreturns.com)
Investing
- When are advisers liable for negligent investment advice? (kitces.com)
- Even self-directed investors want access to some advice. (citywire.com)
- Most advisers have not implemented a direct indexing option. (citywire.com)
Advisers
- Compensation plans should align with your firm's overall goals. (thinkadvisor.com)
- Why couples could benefit from separate AND joint accounts. (theconversation.com)
- On the ins and outs of health insurance for the pre-Medicare crowd. (rethinking65.com)
- Laurence Kotlikoff is not a fan of our current retirement savings regime. (thinkadvisor.com)
- The Kitces.com summer reading list for financial adivsers including "Supercommunicators: How To Unlock The Secret Language Of Connection" by Charles Duhigg. (kitces.com)
