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New on the Pod
Ben Carlson spoke with David Lau, founder and CEO of DPL Financial Partners. They discussed the evolving role of insurance and annuities in financial planning, why many advisors remain wary of these products, how annuities can help manage retirement income and longevity risk, and the impact AI could have on the future of the insurance industry. (Listen)
Good Stuff This Week
It’s easy to say you want employees to act like owners. The challenge is in making it a reality, and that requires actual ownership. Employee ownership is not easy. It requires a fair amount of work up front to make it possible and an ongoing process to keep everybody aligned.
Josh Brown talks with Ric Edelman, founder of Edelman Financial Engines, about the future of higher education, why financial planning may be one of the most AI-resistant professions, and the growing advisor shortage facing the industry.
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Elder care is a complicated beast. And wealth does not provide immunity against the many challenges. While many older Americans don’t want to burden their children, or other relatives, that is exactly what often occurs. In short, no one ‘can assume’ anything about their care later in life.
The Rest of the Story
Salesforce is the CRM provider for many RIAs. The company wants to inject AI into the process. (RIABiz)
Schwab is finding new ways to throttle the growth long-short SMAs. (CityWire)
Trump Accounts have an after-tax contribution problem. (WSJ)
The time is running out to make necessary fixes to Social Security to avoid big adjustments. (Abnormal Returns)
Four reasons to hire a financial advisor. (Jordan Grumet)
What you have is what you used to want. (Derek Hagen)
Outsourcing your taste to the algorithm is a recipe for unhappiness. (Hanna Horvath)