Nerd's Eye View

DECEMBER 15, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week’s edition kicks off with the news that this week's round of public hearings on the Department of Labor's proposed new fiduciary rule featured fierce opposition from the brokerage and insurance industries – which, while unsurprising given those industries' stance against the DoL's previous fiduciary rule (which ultimately caused it to be struck down in court in 2018), nonetheless highlights the debat

Financial Planner 227

Financial Planner Retirement Taxes Insurance 227

Abnormal Returns

DECEMBER 15, 2023

Rates Interest rates have peaked. (disciplinefunds.com) Why the stock and bond markets are actually in disagreement. (bloomberg.com) Charlie Munger Ten quotes from Charlie Munger including "Take a simple idea and take it seriously." (mastersinvest.com) Some more thoughts from the late Charlie Munger. (thefinancialbodyguard.com) Banks Citigroup ($C) has shuttered its municipal bond business.

Startup 212

Startup License Financial Advising Media 212

A Wealth of Common Sense

DECEMBER 15, 2023

Robert Kiyosaki wrote one of the most-read personal finance books of all time — Rich Dad, Poor Dad. I read it early on in my career. It never really did it for me but I can see why people latch onto the allegory he shares about learning the right financial habits. It’s a good thing to get people interested in personal finance because no one teaches you this stuff.

Marketing 141

Marketing Marketing 141

Abnormal Returns

DECEMBER 15, 2023

The biz Spotify ($SPOT) is testing AI-powered playlists created from text prompts. (engadget.com) SiriusXM's ($SIRI) business has kind of stalled out. (variety.com) Lizzie O'Leary talks with Bloomberg's Ashley Carman about Spotify's ($SPOT) future. (slate.com) Economy Derek Thompson talks the impact of GLP-1 drugs with Zach Reitano CEO of the telehealth platform Ro and Dr.

Asset Allocation 144

Asset Allocation Portfolio Management Economy Portfolio 144

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

Alpha Architect

DECEMBER 15, 2023

The timing of equity factor premiums has a strong allure for investors because academic research has found that factor premiums are both time-varying and dependent on the economic cycle. The Temptation of Factor Timing was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Economics 125

Economics Asset Allocation Assets Investing 125

Calculated Risk

DECEMBER 15, 2023

From the Fed: Industrial Production and Capacity Utilization In November, industrial production increased 0.2 percent , and manufacturing output rose 0.3 percent. The increase in manufacturing output was more than accounted for by a 7.1 percent bounceback in motor vehicles and parts production following the resolution of strikes at several major automakers.

Manufacturing 103

Manufacturing Accounting 103

Wealth Management

DECEMBER 15, 2023

Jeff Bernier, president of $200 million AUM TandemGrowth Financial Advisors, says his team squeezes all the productivity possible from a selectively chosen tech stack.

Financial Advisor 111

Financial Advisor 111

Integrity Financial Planning

DECEMBER 15, 2023

Snowshoeing is a fun, low-impact, and beginner-friendly winter sport. It’s a fantastic way to explore the snow-filled landscapes and get a heart-pumping workout. If you’re new to snowshoeing, don’t fret! Here’s your guide to getting started. Choosing Your Snowshoes The first step in learning how to snowshoe is selecting the right pair.

Financial Planning 94

Financial Planning Retirement Planning Retirement Planning 94

Wealth Management

DECEMBER 15, 2023

The contradictions and competing priorities that come with the "professionalization" of the independent wealth management space underscored most of the conversations at the recent MarketCounsel Summit.

Wealth Management 107

Wealth Management Management 107

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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

Random Roger's Retirement Planning

DECEMBER 15, 2023

Unusual Whales (very worth following) Tweeted that "51% of Gen-Xers and 40% of Boomers have said they are 'significantly behind' their retirement, per CNBC." There were plenty of comments of course with quite a few speculating that the actual numbers are probably worse, which makes intuitive sense to me. Then, just for fun, Barron's piled on with Shame On Us, Gen-X.

Retirement 81

Retirement Retirement Planning Numbers Engineering 81

Wealth Management

DECEMBER 15, 2023

Advisors are using Nebo to construct institutional quality, dynamic, real-time model portfolios that are personalized to each client, in a fraction of the time previously required.

Financial Planning 105

Financial Planning Assets Management Planning 105

Advisor Perspectives

DECEMBER 15, 2023

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 December 1st, the index was at 10.200, up 0.868 from the previous week, with 4 of the 6 components in expansion territory.

Economics 64

Economics Economy 64

Wealth Management

DECEMBER 15, 2023

In the latest RIA news, Carson Group, Lido Advisors, Snowden Lane Partners, Buckingham Strategic Wealth, Savvy Advisors and Cetera all announced deals this week.

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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

DECEMBER 15, 2023

Manufacturing activity declined in New York State, according to the Empire State Manufacturing December survey. The diffusion index for General Business Conditions fell to -14.5 from 9.1 in November. This morning's reading was worse than the forecast of 2.0 and pushes the index back into contraction territory.

Manufacturing 64

Manufacturing 64

Wealth Management

DECEMBER 15, 2023

Also, Millennium Trust acquires NuView Trust Company and Reflection Analytics launches a digital platform for ESG audit and analysis.

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Advisor Perspectives

DECEMBER 15, 2023

The S&P 500 finished up 2.5% from last Friday, leading to the index's seventh consecutive week of gains. The index now sits just 1.61% below its record close from January 3, 2022 and is currently up 23.41% year to date.

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Wealth Management

DECEMBER 15, 2023

The ruling underscores importance of careful will drafting and estate administration.

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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

Advisor Perspectives

DECEMBER 15, 2023

Industrial production rose 0.2% in November, less than the projected 0.3% increase, due to a bounce back in motor vehicles and parts production following the resolution of strikes at several automakers. Compared to one year ago, industrial production has declined 0.39%.

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Wealth Management

DECEMBER 15, 2023

Building a secure future through personal and organizational balance.

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Advisor Perspectives

DECEMBER 15, 2023

A major change in automobile manufacturing could pave the way for a revolution in how cars are bought, fixed and resold. Gigacasting, which reduces the number of car panels, has the potential to lower prices but can complicate repairs and transfer costs to owners.

Manufacturing 59

Manufacturing Numbers 59

Wealth Management

DECEMBER 15, 2023

The panel of experts will discuss and answer questions about the changes made by SECURE 2.

Retirement Planning 102

Retirement Planning Retirement Distribution Planning 102

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Accounting

Advisor Perspectives

DECEMBER 15, 2023

Contrary to many Western analysts’ expectations, the shift from a unipolar to a multipolar world economy will not lead to a China-led alternative order but to global instability. Amid deepening economic fragmentation, leaders must forestall a rapid descent into chaos by strengthening the existing multilateral architecture.

Economy 59

Economy Economics 59

WiserAdvisor

DECEMBER 15, 2023

According to a survey, a significant majority of Americans, approximately 80%, share the common notion that the point of working hard in your adult life is so you can enjoy a nice retirement. After years of dedicated labor and hard work, the prospect of a peaceful retirement appeals to everyone. Financial security is a fundamental element that can shape the quality of your post-employment years.

Financial Advisor 59

Financial Advisor Retirement Risk Tolerance Retirement Planning 59

Calculated Risk

DECEMBER 15, 2023

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Due to changes at the CDC, weekly cases are no longer updated. For deaths, I'm currently using 3 weeks ago for "now", since the most recent two weeks will be revised significantly. Hospitalizations have more than tripled from a low of 5,150 in June 2023. Hospitalizations are far below the peak of 150,000 in January 2022.

Numbers 55

Numbers 55

Advisor Perspectives

DECEMBER 15, 2023

Stronger signaling from the Federal Reserve that interest rate cuts are on the menu in 2024 understandably sent both stocks and bonds soaring on Wednesday.

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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

DECEMBER 15, 2023

From Goldman: We left our Q4 GDP tracking estimate unchanged at +1.5% (qoq ar) and boosted our Q4 domestic final sales growth forecast by 0.1pp to +2.4% (qoq ar). [Dec 15th estimate] emphasis added And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 2.6 percent on December 14, up from 1.2 percent on December 7.

Sales 55

Sales 55

Integrity Financial Planning

DECEMBER 15, 2023

Snowshoeing is a fun, low-impact, and beginner-friendly winter sport. It’s a fantastic way to explore the snow-filled landscapes and get a heart-pumping workout. If you’re new to snowshoeing, don’t fret! Here’s your guide to getting started. Choosing Your Snowshoes The first step in learning how to snowshoe is selecting the right pair.

Financial Planning 52

Financial Planning Retirement Planning Retirement Planning 52

Calculated Risk

DECEMBER 15, 2023

Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in November with Comparison to 2019 A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to November 2019 for each local market (some 2019 data is not available). This is the third look at several early reporting local markets in November.

Marketing 55

Marketing Marketing Sales 55