Driving profitability in the complex advice industry
Product complexity, distribution constraints, compliance requirements, and low interest rates have put a squeeze on the profitability of many financial advisory firms.
Summer is a great time to kick back, relax, and focus on enjoying the warm weather and getting away from the workaday world.
It’s also a good time to take a step back and re-evaluate. Sharpen the axe. Stop following the daily news cycle and market fluctuations and pick up a good, old-fashioned book.
By this time in the calendar, most summer reading lists have come and gone. So, we’ve compiled some of the best suggestions here and added a few selections of our own.
Michael Kitces’ compilations, whether they be top advisor conferences, weekend reading, or monthly advisor fintech summaries, are considered required reading by many in the financial industry. This year, Kitces’ annual summer reading list for financial advisors includes the following recommendations:
Barry Ritholtz runs Ritholtz Wealth Management and maintains one of the best blogs in the business, The Big Picture.
For his annual summer reading list, Ritholtz turned to his contacts in the finance industry. Even though most of the recommended titles are not related to finance, they are eclectic and interesting. Some of Ritholtz’s picks include:
This year’s summer reading recommendations from InvestmentNews include a professional and fun read from notable finance industry leaders. Here are a few of the professional suggestions:
Read the article to find out what the “fun” recommendations are.
If you’re still not sure how to invest your precious summer downtime, we have a few more suggestions.
We’d love to hear any of your recommendations in the comments below.
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