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 firms should best structure adviser compensation.
Quote of the Day
"A lot of financial advisor commentators exhort their followers to plug their ears, cover their eyes and “tune out the noise” - a nice idea in theory but very much impossible in real life."
(Joshua Brown)
Podcasts
- Daniel Crosby talks 'respecting reality' with the head of Black Flag Venture, a boutique creative and marketing consulting firm. (standarddeviationspod.com)
- Cameron Passmore and Benjamin Felix talk with James Grubman author of "Wealth 3.0: The Future of Family Wealth Advising." (rationalreminder.libsyn.com)
- Brendan Frazier talks client conversations with Ross Marino, founder of Transitus Wealth Partners. (wiredplanning.com)
- Thomas Kopelman talks planning for liquidity events with Mark Cecchini. (podcasts.apple.com)
The biz
- How is the rollout of 'AI @ Morgan Stanley Assistant' going? (theinformation.com)
- Pontera has raised a new round of capital led by ICONIQ Growth. (wealthmanagement.com)
- Vanguard is selling its OCIO business to Mercer. (institutionalinvestor.com)
Practice management
- What makes for a high-performing RIA? (citywire.com)
- Young advisers need more than a vague promise of partnership down the road. (fa-mag.com)
- Enhanced disclosure rules are coming for state-registered RIAs and others. (citywire.com)
Behavior
- Why people don't like visiting their financial planner. (contessacapitaladvisors.com)
- The financial planning profession has recognized the importance of behavioral factors. (alphaarchitect.com)
- 'Money dates' can be an important part of a relationship, but are not a panacea. (riabiz.com)
Advisers
- Lessons learned from two years of Kindness Financial Planning. (kindnessfp.com)
- On the differences between being a solo adviser and being a part of a big RIA. (thinkadvisor.com)
- Why financial advisers should budget around the possibility of bonuses. (thejointaccount.beehiiv.com)
- The ultra-wealthy increasingly look at art as an investment. (ft.com)
- The ten best 2023 books for advisers including "Right Kind of Wrong: The Science of Failing Well" by Amy Edmondson. (wealthmanagement.com)