The Big Picture

OCTOBER 2, 2023

We all love to use quotations in our arguments. It’s both an appeal to higher authority as well as social proof ( Hey! I’m not the only one who believes this stuff ). I find it useful occasionally to go back to first principles and reconsider the sources that have influenced my thinmking. Along those lines, here are in chronological order, the thinkers who have helped shape how I view the world view, including how I philosophically think about the economy, markets, and investing.

Investing 344

Investing Investments Economy Portfolio 344

Abnormal Returns

OCTOBER 2, 2023

September 2023 How major asset classes performed in September 2023. (capitalspectator.com) How factors have performed YTD. (insights.finominal.com) The S&P 500 dropped each week in September. (quantifiableedges.com) Rates JP Morgan Chase ($JPM) is going hard for HNW deposits. (wsj.com) 5%+ yields make financial advice a tougher sell. (bloomberg.com) Crypto There is no love lost between the crypto industry and SBF.

Financial Advising 246

Financial Advising Financial Advice Economy Media 246

The Big Picture

OCTOBER 2, 2023

My back-to-work morning train WFH reads: • October Almanac: Bear-Killer, Bargain Month, Turnaround Month : Seasonally Speaking, October is the time to buy stocks, especially late October and especially tech stocks and small caps. October can evoke fear on Wall Street as memories are stirred of crashes and massacres. We use the term “Octoberphobia” to describe the phenomenon of major market drops occurring during the month.

Economics 245

Economics Accounting Banking Media 245

Nerd's Eye View

OCTOBER 2, 2023

Welcome to the October 2023 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 custodial platform Altruist is eliminating the $1 per account monthly fee for its portfolio management and reporting technology for advisors on its platform, which on the one hand suggests that the e

Communication 221

Communication Portfolio Management Clients Tax Planning 221

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

Abnormal Returns

OCTOBER 2, 2023

Podcasts Daniel Crosby talks with Jay Coulter about the five dimensions of a great advisory practice. (standarddeviationspod.com) Brendan Frazier talks with Ashley Quamme about working with couples. (wiredplanning.com) Steve Sanduski talks with Tom Morgan about the importance of always being curious. (barrons.com) Justin L. Mack talks with Samuel Deane about going from wealthtech user to wealthtech investor.

Wealth Management 194

Wealth Management Startup Retirement Engineering 194

Wealth Management

OCTOBER 2, 2023

Hits to CMBS and CLOs are bad news for the commercial real estate financing landscape, reports Commercial Observer. Active managers increased allocations to the healthcare, residential and data center sectors in the second quarter, according to Nareit analysis. These are among the must reads from the real estate investment world to kick off the week.

Healthcare 114

Healthcare Management Investing Investments 114

Calculated Risk

OCTOBER 2, 2023

Today, in the Calculated Risk Real Estate Newsletter: ICE (Black Knight) Mortgage Monitor: "Home Prices Set Yet Another Record in August" A brief excerpt: Some interesting data on mortgage rates. Note the higher mortgage rates for the 2023 vintage - still a small portion of the overall market. A large portion of active mortgages are in the 2020-2022 vintages. • Given all the talk about near-term prepayment risk – and quick-turn refinance incentive – among recent originations, we thought it prude

Distribution 107

Distribution Marketing Marketing 107

Wealth Management

OCTOBER 2, 2023

An Atlanta-based trio of advisors with $1 billion in assets is joining Linsco by LPL Financial from Fifth Third Private Bank, to launch PB FAM Private Wealth.

Banking 114

Banking Assets 114

Trade Brains

OCTOBER 2, 2023

High Promoter Holding Stocks under Rs 100: In today’s world of investing, there are various figures and parameters one looks at before investing in a stock. But, one of the basic criteria that can indicate potential in the business is the amount of stake the promoters hold in their business. In this article, we will go through some of the top high promoter holding stocks under Rs 100.

Engineering 105

Engineering Banking Distribution B2C 105

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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.

Banking

Wealth Management

OCTOBER 2, 2023

A pair of affiliated accounting and wealth management firms are merging with Coldstream Wealth Management to ‘pioneer’ expanded approach to client service.

Wealth Management 114

Wealth Management Accounting Clients Management 114

Cornerstone Financial Advisory

OCTOBER 2, 2023

Weekly Market Insights: Bond Yields Rise; Government Shutdown Looms Presented by Cornerstone Financial Advisory, LLC Rising bond yields and government shutdown fears left stocks in mostly negative territory for the week. The Dow Jones Industrial Average lost 1.34%, while the Standard & Poor’s 500 slipped 0.74%. The Nasdaq Composite index was flat (+0.06%) for the week.

Marketing 93

Marketing Marketing Taxes Economics 93

Wealth Management

OCTOBER 2, 2023

Massachusetts Commonwealth Sec. Galvin fined Fidelity Brokerage Services for allegedly "rubber-stamping" options trading applications from customers.

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Prosperity Coaching

OCTOBER 2, 2023

What 4 things do prospects want to learn when they visit your website? Have you ever wondered what happens when a prospect visits your website? What do they want to find out? What kind of information are they looking for? What is it about the information your website provides that […] The post Advisors, 4 Surprising Things Prospects Want to Learn When They Visit your Website appeared first on The Prosperous Advisor Coaching Blog.

Financial Advisor 94

Financial Advisor Financial Planning Clients Management 94

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

OCTOBER 2, 2023

The yield on the benchmark 10-year Treasury is up 70 basis points this year, leading many to question the future direction of interest rates. Let’s look at the underlying causes of this and whether those conditions are likely to persist.

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Alpha Architect

OCTOBER 2, 2023

Do-It-Yourself trend-following asset allocation weights for the Robust Asset Allocation Index are posted. DIY Trend-Following Allocations: October 2023 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Asset Allocation 83

Asset Allocation Assets 83

A Wealth of Common Sense

OCTOBER 2, 2023

Today’s Talk Your Book is brought to you by Standpoint Asset Management: On today’s show, we spoke with Eric Crittenden, CIO of Standpoint Asset Management to discuss trend following and all-weather portfolios. See here for the Content Library and here for Standpoints monthly update. On today’s show, we discuss: An introduction to trend following Market-risk dynamics over time What managed futures are.

Assets 79

Assets Portfolio Management Marketing 79

Calculated Risk

OCTOBER 2, 2023

From the Census Bureau reported that overall construction spending increased: Construction spending during August 2023 was estimated at a seasonally adjusted annual rate of $1,983.5 billion, 0.5 percent above the revised July estimate of $1,973.7 billion. The August figure is 7.4 percent above the August 2022 estimate of $1,847.3 billion. emphasis added Both private and public spending increased: Spending on private construction was at a seasonally adjusted annual rate of $1,551.8 billion, 0.5 p

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75

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Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.

Banking

Ron A. Rhodes

OCTOBER 2, 2023

September 30, 2023 After a stellar first half of 2023, the third quarter of 2023 saw losses in most U.S.

Assets 88

Assets Asset Allocation Valuation Financial Advisor 88

Advisor Perspectives

OCTOBER 2, 2023

We can and are building much taller skyscrapers. But they are impractical money losers because so much floor space is taken up by elevators. A new book explains the interplay between size and scale, and what it means for our economy and investments.

Economy 64

Economy Investing Investments 64

Financial Symmetry

OCTOBER 2, 2023

When it comes to the question of rolling over a 401K or 403B to an IRA, many people fear making mistakes. It’s true, that retirement account mistakes can be costly. On this episode, we’ll explore the options you have, the … Continued The post Should I Roll Over My Retirement Account to an IRA? Ep #200 appeared first on Financial Symmetry, Inc.

Accounting 64

Accounting Retirement 64

Advisor Perspectives

OCTOBER 2, 2023

Five of the eight indexes on our world watch list posted gains through October 2, 2023. Tokyo's Nikkei 225 finished in the top spot with a YTD gain of 21.71%. The U.S.'s S&P 500 finished in second with a YTD gain of 12.14% while India's BSE SENSEX finished in third with a YTD gain of 7.40%.

Marketing 64

Marketing Marketing 64

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Accounting

Wealth Management

OCTOBER 2, 2023

And why plan sponsors are still resisting.

Planning 119

Planning 119

Advisor Perspectives

OCTOBER 2, 2023

The September S&P Global US Manufacturing PMI™ rose to 49.8 from 47.9 in August, signaling only a fractional decline in operating conditions. The September reading was higher than the expected 48.9 reading.

Manufacturing 64

Manufacturing 64

Calculated Risk

OCTOBER 2, 2023

During the early stages of the pandemic, energy expenditures as a percentage of PCE hit an all-time low of 3.3% of PCE. Then energy expenditures increased to 2018 levels by the end of 2021. With the invasion of Ukraine, energy expenditures as a percentage of PCE increased further in 2022. Here is an update through the August 2023 PCE report. This graph shows expenditures on energy goods and services as a percent of total personal consumption expenditures.

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Advisor Perspectives

OCTOBER 2, 2023

The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) rose to 49.0 in September. The latest figure marks the eleventh consecutive month the index has been in contraction territory after a 29-month period of growth dating back to June 2020. The August reading was above the forecast of 47.7.

Manufacturing 64

Manufacturing Management 64

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Creating a winning digital lending experience requires plenty of focus on the needs of customers and more. Biz2X Chief Product Officer Aaron Traub covers everything from how to create such an experience, areas to hone in on, pitfalls to avoid, and plenty more in this insightful article. Discover how to utilize new technology without alienating existing customers, what to emphasize when working on your platform, and how to utilize the data at your disposal while not becoming overly reliant on it.

Communication

Calculated Risk

OCTOBER 2, 2023

From Matthew Graham at Mortgage News Daily: Mortgage Rates Back Near Long-Term Highs The average didn't quite make it back to the multidecade highs seen last week, but the average borrower would see little--if any--difference in today's rate quotes. This represents a fairly big jump up from Friday (which saw a nice correction down from Thursday's highs).

Sales 63

Sales Manufacturing Government Marketing 63

Wealth Management

OCTOBER 2, 2023

The SEC had not — until now — permitted such funds to trade.

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Advisor Perspectives

OCTOBER 2, 2023

The Q Ratio is the total price of the market divided by the replacement cost of all its companies. The latest Q-ratio is at 1.53, down from 1.55 in August.

Marketing 64

Marketing Marketing 64