The Big Picture
MAY 6, 2024
It’s taken me months to organize all of my research for my next book project; it’s a lot of stuff, some dating back to 2000. Much of it reflects the bad ideas and numbers, and worse advice, that float around Wall Street. A lot of it has not aged well. But every now and then, something I saved turned out to be prescient — not because it was lucky, but because it contained a well-considered insight that has stood the test of time.
Abnormal Returns
MAY 8, 2024
Podcasts Brett McKay talks with Jared Dillian author of "No Worries: How to Live a Stress-Free Financial Life." (artofmanliness.com) Cameron Passmore and Benamin Felix talk with Scott Galloway author of "The Algebra of Wealth: A Simple Formula for Financial Security." (rationalreminder.libsyn.com) Barry Ritholtz talks with Larry Swedroe about the challenge of stock picking.
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Abnormal Returns
MAY 4, 2024
EVs What is going to become of Tesla's ($TSLA) charging network? (washingtonpost.com) Do EVs need artificial noises? (axios.com) Autos Automatic braking will soon be a standard, required feature on cars. (theverge.com) Do you really want a GM ($GM) car without Apple CarPlay? (bloomberg.com) What goes into a VIN? (theconversation.com) Energy Why Plant Vogle could be the last large scale nuclear power plants built in the U.S.
Nerd's Eye View
MAY 3, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study indicates that nearly a third of advisors in the independent broker-dealer channel have considered transitioning to the RIA channel during the past year as they seek higher payouts and not just "independence" but greater autonomy over how they run their businesses and serve their clients.
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.
Wealth Management
MAY 8, 2024
McCartan, who became CMO at Hightower in July 2022, shared the “bittersweet update” that she had departed the firm, saying she was unsure but excited about her next opportunity.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Big Picture
MAY 4, 2024
The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The Most Important Skill of the Future is Being ‘Indistractable’ How the difference between traction and distraction could transform your productivity. ( Nir and Far ) • this is a teenager : In 1998, a researcher named Vincent Felitti published a paper that drastically changeed the way we think about these kids and childhood.
Abnormal Returns
MAY 5, 2024
Top clicks this week Widen your investing lens. (awealthofcommonsense.com) Why the stock market usually goes up. (humbledollar.com) The best investors are running their own race. (klementoninvesting.substack.com) How stocks, bonds and cash have performed over the past 30 years. (awealthofcommonsense.com) How major asset classes performed in April 2024.
Nerd's Eye View
MAY 6, 2024
Welcome to the May 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that self-directed retirement planning software provider NewRetirement has raised a $20M Series A round as the company demonstrates that its DIY tools really do turn a subset of consumers into bona fide prosp
Advisor Perspectives
MAY 8, 2024
The idea that power is inherently corrupting has been repeatedly proven throughout history. From politics to business to religion, there are countless examples of individuals who succumb to corruption and abuse their authority.
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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.
Wealth Management
MAY 8, 2024
An advisor team collectively manging $800 million in assets are joining Raymond James' independent channel from Commonwealth.
The Big Picture
MAY 3, 2024
She was previously president of Honey, where she orchestrated the company’s sale to PayPal Holdings Inc. for $4 billion. She has been named one of Ad Age’s 100 Most Influential Women in Advertising. She previously held executive leadership positions at Microsoft, Yahoo!, Pinterest, SoFi, Demand Media. BusinessWeek nd the San Francisco Chronicle.
Abnormal Returns
MAY 6, 2024
Podcasts Brendan Frazier talks with Emily Koochel about the difference between behavioral finance and financial psychology. (wiredplanning.com) Steve Chen talks with Jordan Hutchison, Vice President of Technology for RFG Advisory, about the evolving landscape of financial planning. (newretirement.com) Sam Parr talks with Taylor and 'Jane' about how to find a purpose when living with great wealth.
Nerd's Eye View
MAY 8, 2024
Measuring a client's tolerance for risk is an essential (and required!) step when onboarding a new client, as making any sort of recommendation is impossible without first understanding how comfortable clients may be when their portfolios inevitably experience volatility. Over the years, 2 types of measurement tools have emerged as the standards for assessing risk tolerance: 1) psychometric tests, which feature a series of questions (such as, "What amount of risk do you feel you have taken with
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.
Advisor Perspectives
MAY 3, 2024
The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of April 19th, the index was at 17.434, down 4.427 from the previous week, with 5 of the 6 components in expansion territory.
Wealth Management
MAY 8, 2024
Open, honest and candid discussion about the first lawsuit against the DOL fiduciary rule, April job numbers, JP Morgan data breach and more.
A Wealth of Common Sense
MAY 7, 2024
One of my favorite pop culture developments in recent years is the famous person press tour. If you write a new book or have a new movie or TV show coming out, you have to talk to every outlet imaginable to sell your project. There is so much content and so much competition for our attention these days that even uber-successful people are forced to make the hard sell.
Abnormal Returns
MAY 3, 2024
Berkshire Hathaway Is Berkshire's energy business still a growth engine moving forward? (bloomberg.com) You can't talk Berkshire without talking about Apple ($AAPL). (wsj.com) Why Berkshire Hathaway ($BRK.A) should buy Boeing ($BA). (bloomberg.com) Finance Regional banks are embracing their boring side. (bloomberg.com) SVB is selling its venture capital arm.
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.
Nerd's Eye View
MAY 7, 2024
Welcome everyone! Welcome to the 384th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Hannah Provost. Hannah is a partner and financial advisor at Lomanto Provost Financial Advisors, a hybrid advisory firm based in Plattsburgh, New York, that oversees approximately $150 million in assets under management for about 380 client households.
Calculated Risk
MAY 4, 2024
At the Calculated Risk Real Estate Newsletter this week: • Case-Shiller: National House Price Index Up 6.4% year-over-year in February • Inflation Adjusted House Prices 2.4% Below Peak • Lawler: Update on Mortgage Rates and Spreads and also New / Renewal Rents • Freddie Mac House Price Index Increased in March; Up 6.6% Year-over-year This is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.
Advisor Perspectives
MAY 3, 2024
Apple Inc. shares jumped the most in almost a year-and-a-half after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism that a slowdown is easing.
Wealth Management
MAY 2, 2024
Attorney Matt Baum breaks down the facts on the latest FTC noncompete rule, the potential impact on an advisor’s business, current agreements, the ability to transition and more.
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!
Abnormal Returns
MAY 2, 2024
Books An excerpt from “Rebellion: How Antiliberalism is Tearing America Apart — Again” by Robert Kagan. (wapo.st) A Q&A withJoseph Cox who is the author of "Dark Wire: The Incredible True Story of the Largest Sting Operation Ever." (semafor.com) An excerpt from "The Unexpected: Navigating Pregnancy During and After Complications" by Emily Oster and Nathan Fox.
Trade Brains
MAY 4, 2024
Bearish Harami Cross Candlestick Pattern: Traders rely on technical analysis to analyze and predict the future movement of the price in the market. Candlestick patterns are a part of technical analysis preferred by traders to understand and predict the future price movement in securities. Here in this article, we shall discuss the bearish harami cross candlestick pattern with its meaning, formation, and how to set up a trade with the pattern formation.
Calculated Risk
MAY 2, 2024
What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For April, Realtor.com reported inventory was up 30.4% YoY, but still down almost 36% compared to April 2017 to 2019 levels. Now - on a weekly basis - inventory is up 33.3% YoY. Realtor.com has monthly and weekly data on the existing home market.
Advisor Perspectives
MAY 3, 2024
There is a general belief that there are four big indicators that the NBER Business Cycle Dating Committee weighs heavily in their cycle identification process. This commentary focuses on one of those indicators, nonfarm employment. April saw a 175,000 increase in total non-farm payrolls and the unemployment inched up to 3.9%.
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All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!
Wealth Management
MAY 6, 2024
The notice from the regulator concerns Robinhood Crypto and its cryptocurrency listings, custody of cryptocurrencies and platform operations.
Abnormal Returns
MAY 5, 2024
Markets Stocks have stopped going up. (sherwood.news) CEO confidence is rising. (apolloacademy.com) Strategy If you own every stock, it's harder to feel FOMO. (thefinancialbodyguard.com) How to make yourself miserable as an investor including 'Don’t change your mind.' (morningstar.com) Crafting negative financial narratives is easy. (securityanalysis.org) Berkshire Hathaway Berkshire Hathaway ($BRK.A) now holds $189 billion in cash and cash equivalents.
Trade Brains
MAY 4, 2024
Tweezer Top Candlestick Pattern: Traders rely on technical analysis to analyze and predict the future movement of the price in the market. Candlestick patterns are a part of technical analysis preferred by traders to understand and predict the future price movement in securities. Here in this article, we shall discuss the tweezer top candlestick pattern with its meaning, formation, and how to set up a trade with the pattern formation.
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