Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at Claude for Financial Advisors.
Quote of the Day
"A good financial plan is not one that eliminates risk. It is one that distinguishes clearly between the risks worth taking and the risks disguised as safety."
(Daniel Crosby)
Podcasts
- Barry Ritholtz talks with Adam Frank, Managing Director and Head of Wealth Planning and Advice at J.P. Morgan Wealth Management. (ritholtz.com)
- Brent Sullivan talks exchange fund replication with Eric Metz, CIO of SpiderRock. (taxalphainsider.com)
- Josh Brown talks with Allison Schrager, author of "Worth the Risk: The Seven Myths That Keep Us from Taking the Chances We Need to Take." (youtube.com)
- Christine Benz and Amy Arnott talk with Elliott Appel, author of "How to Help Your Parents As They Age: A Financial Planner’s Guide to Caregiving." (morningstar.com)
- Conner Young talks with Larry Shumbres, co‑founder and CEO of Archive Intel. (podcasts.apple.com)
Private investments
- Why Schwab ($SCHW) is doubling down on private markets. (pitchbook.com)
- RIA custodian Altruist has added pre-IPO special purpose vehicles (SPVs) to its alternatives marketplace. (citywire.com)
- How wealthy individuals are borrowing against their PE stakes. (ft.com)
Schwab
- Altruist is AI-native. Schwab ($SCHW) even with an Anthropic tie-up is not. (riabiz.com)
- Another big team, Rise Private Wealth Management, is headed to Schwab ($SCHW) (riabiz.com)
Advisers
- When selling your firm should you take cash or equity? (kitces.com)
- Why financial advice is custom made for career changers. (thedailyupside.com)
- What advisers say they are using AI for. (investmentnews.com)
- Sudden wealth looks different with different people. (xyplanningnetwork.com)
- What to do for health insurance after a lay off. (flowfp.com)
- How advisers matter to clients. (rpc.cfainstitute.org)
