Four deep wealth management dives

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Just in time and needing to rush to the first haircut in months, TWIWM is back to give you four deep news items from the team at Financial Planning to help you read between the headlines of the day to the larger macro trends shaping the industry.

Division of Annuities: So much ink has been spilled about annuities that you risk getting overwhelmed unless you read the longform guide provided by FP Reporter Lynnley Browning. She writes: “Will independent financial advisors, the fastest growing segment of the $111 trillion wealth management industry, finally be persuaded that the notoriously complicated investments can be good for some investors? It’s an open question.”

Office of Breakaway Moves: It’s the craziest broker breakaway lawsuit that TWIWM has ever read about. Also, writes FP Reporter Justin Mack, it “serves as a cautionary tale for the growing number of advisors preparing for a new beginning.”

Bureau of WealthTech: The firm that brought you the Risk Number sees little of it on the horizon for its prospects after a massive recapitalization this year. In a wide-ranging Q&A, FP Tech Editor Ryan Neal spoke with Riskalyze CEO Aaron Klein about “the latest updates to its software, how his company balances growth with serving small advisors and the decision to bring advisors together in person during the COVID-19 pandemic.”

Dept. of ESG criteria: The vast and expanding number of products and research relating to impact investing and ESG screens is giving financial advisors the opportunity to align portfolios with a clients’ political, religious or any beliefs like never before. Starting with the example of a new immigration divestment list from a Quaker organization, this story will give you a sense of the breadth of research and products hitting the marketplace and an understanding of why companies are starting to take this very seriously.

It’s a short one this week with long, thought-provoking articles to fill in whatever gaps TWIWM may have left missing. Thanks and have a great weekend.