Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that as part of the ongoing integration between the merged companies, Charles Schwab plans to transition advisors currently on the TD Ameritrade custodial platform to Schwab’s platform over Labor Day weekend 2023. And while Schwab executives have asked advisors for patience amid the transition, some advisors currently on TD’s platform could choose from a range of alternative custodial options rather than be subsumed into the Schwab ecosystem.
Also in industry news this week:
- How an SEC review of a FINRA proposal to facilitate remote work could signal its thinking on the supervision of remote work for financial advisors more broadly
- Morningstar has joined an increasingly competitive market of direct indexing platforms for advisors and their clients
From there, we have several articles on investment planning:
- While I Bonds have received significant attention during the past year, TIPS could be an attractive alternative for many client situations
- A recent study shows that while many consumers have expressed an interest in ESG investing, such funds within retirement plans have received limited allocations from investors
- A survey showing how millionaires allocate their assets and the importance they place on the recommendations of their financial advisors
We also have a number of articles on taxes and end-of-year planning:
- The importance for advisors of understanding current RMD rules to ensure their clients take the proper distributions (and avoid a 50% penalty in the process!)
- In addition to an announced decline in Medicare Part B premiums for 2023, advisors have a range of other ways to save clients money on medical costs in the coming year
- Pundits continue to expect “SECURE 2.0” to pass by the end of the year, while passage of other proposed tax measures appears to be less likely
We wrap up with three final articles, all about RIA deal activity:
- What the continued influx of capital from private equity firms means for the RIA industry as a whole
- Why the torrid pace of RIA mergers and acquisitions activity seen in recent years could slow down in the current market and interest rate environment
- While private valuations have soared in recent years, public markets continue to be less kind to RIAs
Enjoy the ‘light’ reading!
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