Est. by eavesdropping

The finest things ever said near money

Anonymous dispatches from the world of wealth management. Collected in the field, published with discretion.

Forthcoming research

The Heirs Report

The great wealth transfer is underway, leaving many advisors guessing at what the next generation wants. We’re surveying adults whose families work with a financial advisor—whether they’d keep that advisor, what would make them leave, and how they’d choose their own.

The findings, plus a playbook for independent RIAs, are coming soon.

Selected holdings

Certificate of OverhearingNo. 0117

Friend:“What qualifications does your firm look for when hiring interns?”

FA:“Usually sharing the same last name as a FA is a big help.”

Certificate of OverhearingNo. 0203

FA to CSA:“Once you run that report, can you EMAIL it to me single-sided? I hate when it’s double sided.”

Certificate of OverhearingNo. 0342

Client:“Do you guys do offshore accounts? I’m starting to get the feeling a divorce is coming.”

Certificate of OverhearingNo. 0388

FA:“Any questions so far?”

Prospect:“No. That was pretty much the exact same stuff you said last time we met.”

Certificate of OverhearingNo. 0401

Client:“Why did AAPL tank? I want out!”

FA:*Explains the recent stock split*

Client:“I didn’t authorize a split!”

Certificate of OverhearingNo. 0447

Client, 65:“I don’t know if you know this but I majored in economics. I should probably talk to the bond desk directly, can you transfer my call?”

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