Wealth Management

JUNE 28, 2023

Eric Richins had made plans to exclude his wife from inheriting his assets

Assets 312

Assets Planning 312

The Big Picture

JUNE 28, 2023

All of the companies in the S&P 500 are worth $7.1 trillion in assets, accounting for close to 80% of available market capitalization on U.S. stock exchanges. Visual Capital notes: “Over the last decade, big tech names have dominated the index. The tech sector makes up over 26% , with Apple, Microsoft, and Nvidia as the top S&P 500 companies by market capitalization.

Accounting 265

Accounting Numbers Assets Marketing 265

Wealth Management

JUNE 28, 2023

Seven in 10 rookie advisors left the industry last year, as most of the training programs are still very sales-based, according to Cerulli.

Sales 306

Sales 306

Calculated Risk

JUNE 28, 2023

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 3.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 23, 2023. This week’s results include an adjustment for Juneteenth holiday. The Market Composite Index, a measure of mortgage loan application volume, increased 3.0 percent on a seasonally adjusted basis from one week earlier.

Sales 262

Sales Marketing Marketing 262

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Clients

Wealth Management

JUNE 28, 2023

More than half of active buyers are walking away from potential deals for three primary reasons, according to a new Fidelity survey—and they all come down to self-awareness.

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Nerd's Eye View

JUNE 28, 2023

One of the key steps in the financial planning process is presenting the plan to the client, which has traditionally been done as part of a single 'plan presentation' meeting that takes place once the advisor has gathered and analyzed all of the client's data. While this approach may have made sense in a time when the 'plan' itself was mostly limited to investment recommendations (which the advisor would be able to go on and implement themselves since they were managing the client's assets), fin

Planning 246

Planning Clients Financial Planning Education 246

Calculated Risk

JUNE 28, 2023

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 2:30 AM ET, Discussion, Fed Chair Jerome Powell , Dialogue with Bank of Spain Governor Pablo Hernández de Cos , At the Banco de España Fourth Conference on Financial Stability, Madrid, Spain • At 8:30 AM, The initial weekly unemployment claims report will be released.

Sales 238

Sales Banking 238

Wealth Management

JUNE 28, 2023

Defining the rules may lead to changes with charitable giving of digital assets.

Assets 264

Assets 264

Calculated Risk

JUNE 28, 2023

Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 3.8% Below Peak; Price-to-rent index is 8.4% below recent peak Excerpt: It has been over 17 years since the bubble peak. In the April Case-Shiller house price index released yesterday, the seasonally adjusted National Index (SA), was reported as being 62% above the bubble peak in 2006.

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Wealth Management

JUNE 28, 2023

Funds focused on clean energy and semiconductors were among the best-performing over the last five years.

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Speaker: Claire Grosjean, Global Finance & Operations Executive

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

Management

Calculated Risk

JUNE 28, 2023

Note: I like using Las Vegas as a measure of recovery for both leisure (visitors) and business (conventions). From the Las Vegas Visitor Authority: May 2023 Las Vegas Visitor Statistics Supported by strong demand along with multiple weekend music festivals including the Lovers & Friends festival, Sick New World festival and the recurring Electric Daisy Carnival (EDC) event, Las Vegas hosted approx. 3.5M visitors, 1.5% ahead of last May.

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Wealth Management

JUNE 28, 2023

Wells Fargo employees tipped off federal prosecutors last year that managers in the bank’s wealth-advisory units were conducting sham interviews to meet internal diversity mandates.

Management 221

Management 221

Calculated Risk

JUNE 28, 2023

Fed Chair Jerome Powell is participating in a panel discussion today at the European Central Bank (ECB) Forum on Central Banking 2023 in Sintra, Portugal. From Jeff Cox at CNBC: Powell says more ‘restriction’ is coming, including possibility of hikes at consecutive meetings. Excerpt: “We believe there’s more restriction coming,” Powell said during a monetary policy session in Sintra, Portugal.

Banking 189

Banking Marketing Marketing 189

Wealth Management

JUNE 28, 2023

The ESG label has become toxic, "weaponized" and "misused by the far left and the far right," according to BlackRock CEO Larry Fink.

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214

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

Numbers

The Big Picture

JUNE 28, 2023

My mid-week morning train WFH reads: • The Stock Market Isn’t as Calm as It Seems : Traders are scooping up bets on volatility surging at a record clip. ( Wall Street Journal ) • Tech’s Toughest Cuts Could Draw New Talent to Asset Management : Asset managers are eyeing thousands of workers laid off by the tech industry as asset management firms build out their own capabilities. ( Chief Investment Officer ) • The Uneven Effect of Remote Work, in One List : This ranking of jobs by percentage of re

Media 148

Media Government Medical Assets 148

Wealth Management

JUNE 28, 2023

Bankers, traders and support staff in Credit Suisse’s investment bank in London, New York, and in some parts of Asia are expected to bear the brunt of the cuts.

Banking 204

Banking Investing Investments 204

A Wealth of Common Sense

JUNE 28, 2023

Today’s Animal Spirits is brought to you by YCharts: Go here to check out YCharts’ latest research on which portfolios and asset classes perform best during Fed Rate Hike Cycles. On today’s show, we discuss: Is the Inflation Battle Won? Not Yet. Where’s the Recession We Were Promised? Bitcoin Bonanza on Tap if BlackRock ETF Is Approved There Were Fewer Homes for Sale in May Than Any Other Month o.

Sales 98

Sales Portfolio Assets 98

Wealth Management

JUNE 28, 2023

While independence means less bureaucracy and red tape, it comes with additional responsibilities that advisors should be aware of before opting to make the leap.

Wealth Management 147

Wealth Management Management 147

Speaker: Erroll Amacker

Automation is transforming finance but without strong financial oversight it can introduce more risk than reward. From missed discrepancies to strained vendor relationships, accounts payable automation needs a human touch to deliver lasting value. This session is your playbook to get automation right. We’ll explore how to balance speed with control, boost decision-making through human-machine collaboration, and unlock ROI with fewer errors, stronger fraud prevention, and smoother operations.

Accounting

NAIFA Advisor Today

JUNE 28, 2023

NAIFA members, mark your calendars! The Q3 State of NAIFA webinar is scheduled for July 11th at 12 pm eastern. This third update of the year is an integral part of our commitment to keep you informed about our progress and the direction we're heading.

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Wealth Management

JUNE 28, 2023

While markets have presented more challenges than opportunities over the last 18 months, the role of a financial advisor has never been more important—and both the demand for and access advice has never been greater.

Wealth Management 147

Wealth Management Financial Advisor Management Marketing 147

MarketWatch

JUNE 28, 2023

U.S. stocks closed mostly lower on Wednesday after Federal Reserve Chairman Jerome Powell said he won’t rule out back-to-back rate hikes, in a meeting with other global central bankers. The Dow Jones Industrial Average DJIA shed about 72 points, or 0.2%, ending near 33,853, based on preliminary FactSet figures. The S&P 500 index SPX closed fractionally lower, down less than 0.1%, while the Nasdaq Composite Index COMP gained 0.3%.

Sales 97

Sales Marketing Marketing 97

Wealth Management

JUNE 28, 2023

Good preparation in the 'Red Zone' can result in tax savings.

Taxes 147

Taxes 147

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Accounting

NAIFA Advisor Today

JUNE 28, 2023

Scott Blake is a Wealth Management Advisor and Founder at a leading wealth management firm delivering comprehensive planning, investment, and insurance services for individuals, families, and businesses to help them achieve financial success and live rich, rewarding lives. A passionate leader in his community, Scott is a 2022 national winner of Advisor Today’s 4 Under 40 Award and a board member of several organizations in Columbus, Ohio.

Wealth Management 96

Wealth Management Insurance Financial Advisor Management 96

Wealth Management

JUNE 28, 2023

Schwab's Leslie Tabor details the importance of a “people first, employees second” approach to corporate culture.

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Norman Marks

JUNE 28, 2023

I have been doing webinars and such for quite a few years now, and many have been posted on YouTube. The best way to find them is through a simple search of YouTube for my name. Today, I updated the About Norman page of this website to include links to some of these videos.

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95

Wealth Management

JUNE 28, 2023

The precious metal has become just another cyclical asset, no longer a useful harbinger of social and economic collapse.

Economics 130

Economics Assets 130

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Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?

Sales

MarketWatch

JUNE 28, 2023

Online furniture retailer Overstock.com Inc. OSTK on Wednesday said it had acquired the brand and intellectual property of bankrupt home-goods chain Bed Bath & Beyond. The announcement comes a day after a bankruptcy judge approved Overstock’s $21.5 million bid to buy the assets — which will include Bed Bath & Beyond’s website and domain names, customer database and loyalty program data, along with trademarks and patents.

Retail 76

Retail Assets Marketing Marketing 76

Wealth Management

JUNE 28, 2023

The SEC has stated numerous times its desire for surveillance-sharing agreements with a “regulated market of significant size,” which ARK and 21Shares added to their spot-Bitcoin ETF application.

Marketing 130

Marketing Marketing 130

MarketWatch

JUNE 28, 2023

Thrift-store operator Savers Value Village said late Wednesday it has priced its upsized initial public offering at $18 a share, which was above the expected range. The stock is slated to begin trading on the New York Stock Exchange on Thursday under the symbol SVV. Earlier this month, the Bellevue, Wash., company had said it expected the IPO to price at between $15 and $17 a share.

Insurance 75

Insurance Planning Marketing Marketing 75

Advisor Perspectives

JUNE 28, 2023

Is there an evidence-based way to coach clients that is likely to help their proclivity to act emotionally?

Clients 75

Clients 75

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Accounting