Three Crowns Mixtape: January 22, 2021
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January keeps rolling. Let’s stay warm with some good music.
But first up, we’ve got some articles and insights from around the wealth management industry that grabbed our attention.
Must-Read Industry News
“Money makes you more of who you already are.”
This one isn’t an article, but it is a great video for thinking about how to frame your money mindset. In just over two minutes, Jess Bost captures many of the truths and values of financial planning.
Check out the video below and if you’re part of the #Fintwit crew, make sure you follow Jess.
Managing Digital Assets in Separate Accounts
Max Schatzow is becoming a regular in the Mixtape with his regular knowledge bombs about RIA compliance.
As digital assets, bitcoin, and cryptocurrency increasingly become part of mainstream finance, more and more clients are going to ask about them and ask for advice about investing in them.
Do you know what your obligations are under the Custody Rule? If you aren’t sure, this article should get your attention.
Highest Year of M&A Ever in 2020
It seems like every single year sets a new record for M&A and RIAs. Even with massive disruption, that held true in 2020.
One of the trends in wealth management is consolidation among RIAs — but weirdly enough, that consolidation will likely lead to a new surge in new firms (not immediately, maybe, but eventually) as advisors that move as part of an acquisition decide to break out and set up their own shops.
Here’s what we’ve been listening to this week.
Zach McDonald, President & CMO
“Everything is better with Matt Sharp.”
Johnny Sandquist, Founder & CEO
“It’s nearly impossible to choose a best song from Blood on the Tracks; this one makes for some good reflective Friday listening.”
Keep up with all of our picks of the week over time with the Three Crowns Mixtape on Spotify.
Click here to check it out and favorite it to add it to your collection.