The Big Picture

MAY 16, 2024

The Misery Index — the combination of Inflation and unemployment — failed as a bearish criticism of the economy. Unemployment remains at 60-year lows, and Inflation has plummeted from 9% down to the 3s. If you have a bearish mindset , and seek confirmation of that perspective, then the next economic critique after the Misery Index you try on for size is “Stagflation.” We have heard the S-word from Jamie Dimon , Stanley Druckenmiller , Bank of America , Barclays , Fox , Ma

Advertising 293

Advertising Economics Economy Banking 293

Nerd's Eye View

MAY 15, 2024

On April 25, 2024, the Department of Labor (DoL) issued the final version of its Retirement Security Rule (the "Final Rule"), which imposes an ERISA fiduciary standard "that applies uniformly to all investments that retirement investors may make with respect to their retirement accounts ". The new rule represents the latest attempt by regulators to define the types of individuals and advice that are subject to a fiduciary obligation, following on the heels of the SEC's Regulation Best Interest (

Retirement 198

Retirement Commission Financial Advising Banking 198

Abnormal Returns

MAY 13, 2024

Netflix Don't be surprised if Netflix ($NFLX) starts airing NFL games. (spyglass.org) How Netflix ($NFLX) became the future of television. (theirrelevantinvestor.com) BREIT How has BREIT shrugged off the downturn in commercial real estate? (insights.finominal.com) Why private real estate may not belong in a structure like BREIT. (citywire.com) Fund management Why closed-end funds can trade above NAV for extended periods of time.

Financial Advising 247

Financial Advising Education Manufacturing Media 247

Calculated Risk

MAY 16, 2024

Today, in the Calculated Risk Real Estate Newsletter: MBA: Mortgage Delinquencies Increased Slightly in Q1 2024 A brief excerpt: From the MBA: Mortgage Delinquencies Increase Slightly in the First Quarter of 2024 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.94 percent of all loans outstanding at the end of the first quarter of 2024, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.

109

109

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Accounting

Wealth Management

MAY 13, 2024

The impact that artificial intelligence will have on wealth management drew a large crowd at the Wealth Management EDGE conference at the Diplomat Beach Resort in Hollywood Beach, Fla.

Wealth Management 117

Wealth Management Management 117

Abnormal Returns

MAY 12, 2024

Markets No news is good news for the stock market. (tker.co) The stock market has gone nowhere the past 10 weeks. (allstarcharts.com) What Wall Street jargon really means. (awealthofcommonsense.com) Companies Apple ($AAPL) is now taking AI seriously. (nytimes.com) Adobe ($ADBE) is walking a fine line when it comes to AI. (theatlantic.com) Funds Mutual funds just keep closing.

Financial Advising 245

Financial Advising Economy Economics Media 245

Nerd's Eye View

MAY 10, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners"– this week's edition kicks off with the news that a recent analysis from Morningstar suggests that the Department of Labor's (DoL's) new Retirement Security Rule (aka Fiduciary Rule 2.0) could save retirement plan participants $55 billion over the next 10 years (due to an expectation of more low-cost fees being offered in plans) and those rolling over workplace plans into IRAs to purchase annuities another $32.5 bill

Financial Planner 201

Financial Planner Retirement Planning Retirement Valuation 201

Calculated Risk

MAY 15, 2024

Here are a few measures of inflation: The first graph is the one Fed Chair Powell had mentioned when services less rent of shelter was up around 8% year-over-year. This declined, but has turned up recently, and is now up 4.9% YoY. Click on graph for larger image. This graph shows the YoY price change for Services and Services less rent of shelter through April2024.

Food 113

Food 113

A Wealth of Common Sense

MAY 14, 2024

A lot of investors have abandoned international diversification (or at least strongly considered it) in recent years. I understand why this is happening. The U.S. stock market has destroyed all comers ever since the Great Financial Crisis ended. Since 2009, a total U.S. stock market index fund is up more than 660% while a total international index fund is up more like 180%.

Marketing 117

Marketing Marketing Asset Allocation Assets 117

Advertisement

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

Banking

Wealth Management

MAY 14, 2024

During a conversation at Wealth Management EDGE, the former CEO of United Capital called private equity “economic creatures” that may add leverage and unnecessary changes.

Wealth Management 112

Wealth Management Management Economics 112

Abnormal Returns

MAY 10, 2024

Markets Picking 30 companies for the Dow Jones Industrial Average isn't easy in a dynamic economy. (wsj.com) The stock market doesn't love high inflation. (klementoninvesting.substack.com) Apple Apple ($AAPL) is in a tough spot. (om.co) Apple ($AAPL) may be late in AI, but don't count them out. (barrons.com) If Apple ($AAPL) is no longer the world's biggest brand, what is?

Economy 250

Economy Media Marketing Marketing 250

Nerd's Eye View

MAY 16, 2024

In the initial stages of their careers, many financial advicers find that, with little revenue coming in and less than a full load of client-facing work to do, they spend the majority of their time on operations and marketing as they try to establish their practice. As a result, an advicer often has the capacity to say "yes" to any opportunity that comes along as they try to keep busy and (hopefully) improve their cash flow.

Financial Advice 130

Financial Advice Clients Communication Financial Planning 130

Calculated Risk

MAY 14, 2024

From the NY Fed: Household Debt Rose by $184 Billion in Q1 2024; Delinquency Transition Rates Increased Across All Debt Types The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The report shows total household debt increased by $184 billion (1.1%) in the first quarter of 2024, to $17.69 trillion.

Economics 114

Economics Retail Accounting Banking 114

Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor

During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.

Financial Advice

Advisor Perspectives

MAY 16, 2024

Month-over-month nominal retail sales in April were up 0.4% and up 3.04% year-over-year. However, after adjusting for inflation, real retail sales were down 0.3% MoM and down 0.31% year-over-year.

Retail 99

Retail Sales 99

Wealth Management

MAY 13, 2024

Numerous speakers at Wealth Management EDGE said buyers would want to see that its AUM wasn’t primarily tied to a small number of clients and that its growth wasn’t spurred mainly by the market.

Wealth Management 110

Wealth Management Management Marketing Marketing 110

Abnormal Returns

MAY 13, 2024

Podcasts Daniel Crosby talks with Naomi Win about why we hate uncertainty so much. (standarddeviationspod.com) Brendan Frazier talks with Emily Koochel about combining technology and financial psychology. (podcasts.apple.com) The biz What Goldman Sachs ($GS) hopes to achieve in the RIA custody business. (barrons.com) Why Focus decided to merge Buckingham Strategic Wealth and The Colony Group.

Math 230

Math Retirement Planning Financial Advice Communication 230

Nerd's Eye View

MAY 14, 2024

Welcome everyone! Welcome to the 385th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Danielle Howard. Danielle is the owner of Wealth By Design, a hybrid advisory firm based in Glenwood Springs, Colorado, that oversees about $35 million in assets under advisement for 35 client households. What's unique about Danielle, though, is how she has created a process she calls "Financial Fingerprints To Footprints ", where she helps clients who are struggling to implem

Clients 130

Clients Financial Planning Financial Advisor Planning 130

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

Financial Planning

Calculated Risk

MAY 13, 2024

This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the April 2024 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019.

Sales 118

Sales 118

Trade Brains

MAY 14, 2024

Three Inside Up Candlestick Pattern: In the world of technical analysis, candlestick patterns serve as invaluable tools for traders, offering insights into market sentiment and potential price movements. Among the myriad of patterns, the Three Inside Up stands out for its reliability and significance. In this article, we will delve into the Three Inside Up candlestick pattern, exploring its formation, Psychology, and trading ideas with its example.

Risk Management 105

Risk Management Communication Marketing Marketing 105

Wealth Management

MAY 15, 2024

Alternative investment platforms help connect fund managers with advisors looking for investment opportunities. However, fund managers need to focus on matching advisors with the right options.

Distribution 101

Distribution Investing Investments Management 101

Abnormal Returns

MAY 14, 2024

Modeling How much can machine learning techniques help in model making? (aqr.com) Fancier models don't necessarily estimate the ERP better. (alphaarchitect.com) The case for ensemble models. (mrzepczynski.blogspot.com) Can AI replace stock analysts? (papers.ssrn.com) Research Crashes are the bane of momentum investors. (mrzepczynski.blogspot.com) Why time horizon matters when it comes to investing in TIPS.

Investing 212

Investing Investments 212

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

Management

Advisor Perspectives

MAY 14, 2024

Household debt rose by $184 billion (1.09%) to $17.69 trillion in Q1 2024. The increase in debt this quarter was largely driven by mortgage and auto loan balances. Meanwhile, credit card balances declined, as is typical for the first quarter.

109

109

Calculated Risk

MAY 13, 2024

From Matthew Graham at Mortgage News Daily: What You See Today Won't Necessarily Be What You See Tomorrow With essentially nothing on the event calendar to start the new week, it was fair to expect a continuation of the same sideways drift that characterized last week. It's not the future can ever be predicted when it comes to markets, but we can say the flat trajectory is the least surprising outcome for Monday.

Banking 110

Banking Marketing Marketing 110

A Wealth of Common Sense

MAY 10, 2024

I saw the following headline earlier this week: I didn’t even need to read the actual article to know what the message would be. The tell here was the term ‘veteran forecaster’ In finance-speak, veteran forecaster can be translated to mean someone who is supremely confident in their predictions but almost always wrong. It has to be this way because forecasters are so unreliable.

Media 122

Media Wealth Management Management 122

Wealth Management

MAY 13, 2024

Stich, who left digital custodian Entrustody in January, joins MarketCounsel this week as executive managing director and will take over a lot of the operational responsibilities from President and CEO Brian Hamburger.

Management 110

Management 110

Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?

Clients

Abnormal Returns

MAY 14, 2024

Diversification The S&P 500 is now nearly 40% of global market cap. (apolloacademy.com) International diversification requires a long time horizon. (awealthofcommonsense.com) Strategy Investment misses are inevitable. (morningstar.com) Don't confuse selling calls with income. (rogersplanning.blogspot.com) Gold won't save you if stuff really hits the fan.

Financial Advising 198

Financial Advising Media Economy Economics 198

Advisor Perspectives

MAY 9, 2024

In the week ending May 4, initial jobless claims were at a seasonally adjusted level of 231,000, an increase of 22,000 from the previous week's figure. The latest reading is higher than the forecast of 212,000 jobless claims.

116

116

Trade Brains

MAY 11, 2024

Morning Doji Star Candlestick Pattern: Candlestick patterns are distinctive visual representations of price action over a specific period. These patterns, formed by open, high, low, and close prices, give insights into market sentiment and potential trend reversals or continuations. Candlestick patterns assist traders in making informed decisions about buying and selling stocks by providing valuable information about market dynamics and potential trading opportunities.

Risk Management 105

Risk Management Marketing Marketing Financial Market 105