The Big Picture

JULY 20, 2023

“A new product that offers investors complete downside protection: Investors in the $7.5 trillion ETF universe can now put money behind the Innovator Equity Defined Protection ETF, which began trading under the ticker TJUL on Tuesday. The offering comes from Innovator Capital Management, which launched the first so-called buffer ETFs, also sometimes referred to as defined-outcome funds, in 2018.” – Bloomberg Let’s get this out of the way: I dislike any product that exchanges a port

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Math Financial Planning Assets Management 186

Abnormal Returns

JULY 20, 2023

Strategy Why stock market valuations are logically higher today than they were in the past. (ofdollarsanddata.com) Why compounding is still unheralded. (blog.validea.com) Finance Blackstone ($BX) now manages more than $1 trillion in assets. (finance.yahoo.com) The airport lounge wars are heating up with JP Morgan Chase ($JPM) joining the fray. (wsj.com) The U.S. lags, badly, in real-time funds transfer.

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Financial Advising Valuation Media Economy 130

The Reformed Broker

JULY 20, 2023

Ritholtz’s Josh Brown responds to the parabolic reversal of DHI post-earnings from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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The Big Picture

JULY 20, 2023

My morning train reads: • Homeowners Don’t Want to Sell, So Home Builders Are Booming : High mortgage rates are dissuading sellers, leaving new construction the only game in town; ‘there was no inventory.’ ( Wall Street Journal ) • Bond Market Outlook: Valuations Suggest Potential for Equity-Like Returns With Less Risk : High-quality fixed income assets may offer the best return potential in more than a decade along with diversification benefits as a likely recession approaches. ( PIMCO ) • What

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Valuation Assets Management Economics 100

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

JULY 20, 2023

Fewer commercial real estate borrowers are seeking traditional refinancing, reported The Business Journals. Prologis CEO predicted a more normal period for the industrial sector after outsized growth over the past few years, according to Bisnow. These are among today’s must reads from around the commercial real estate industry.

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Wealth Management

JULY 20, 2023

Equitable Advisors plans to get there by growing its share of wealth advisors, emphasizing holistic life planning and doubling down on its “supported independence” model.

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Wealth Management Wealth Advisor Management Planning 98

Calculated Risk

JULY 20, 2023

Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 4.16 million SAAR in June; Median Prices Declined 0.9% YoY in June Excerpt: On prices, the NAR reported : The median existing-home price for all housing types in June was $410,200, the second-highest price of all time and down 0.9% from the record-high of $413,800 in June 2022.

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Sales 97

Integrity Financial Planning

JULY 20, 2023

As retirees look for ways to stay entertained and engaged, movies provide a fantastic option for a fun and relaxing pastime. With a plethora of genres, themes, and characters, there is something for everyone to enjoy. Here are some recent films that retirees will find fascinating and entertaining that engage with what it’s like to grow older and care about the people around you. “The Best Exotic Marigold Hotel” (2011) – This heartwarming film tells the story of a group of

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Financial Advisor Financial Planning Planning Retirement 95

NAIFA Advisor Today

JULY 20, 2023

A study conducted by OneAmerica found that 46% of financial professionals do not recommend long-term care (LTC) protection to their clients. The study highlights a potential gap in helping clients prepare financially for potential LTC expenses. It is estimated that almost 70% of individuals over the age of 65 will require LTC services at some point in their lives, making LTC protection an important aspect of retirement planning.

Insurance 90

Insurance Retirement Planning Retirement Clients 90

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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

JULY 20, 2023

Savant Wealth Management is acquiring Raymond F. Book & Associates, along with its affiliated RIA, a Dover-based firm with about $376 million in AUM.

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The Irrelevant Investor

JULY 20, 2023

Today’s Compound and Friends is brought to you by Kraneshares: See here and here for more information on Kraneshares China Internet & Covered Call Strategy ETF $KLIP On today’s show, we discuss: Ice T thanks the haters in Hollywood Apple tests ‘Apple GPT’, developers’ generative AI tools to catch OpenAI The problem with valuation Shiller: Past high stock returns an ‘anomaly’ The post The Compound and Friends: We Have Lost All Sense of Decorum appeared fi

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Valuation 83

Million Dollar Round Table (MDRT)

JULY 20, 2023

By Matt Pais, MDRT Content Specialist Brad Elman, CLU, CLTC , believes in a simple, circular process of focus, skill and happiness: If you enjoy something, you’ll be motivated to do it. If you’re motivated to do something, you will do it more frequently. If you do something more frequently, you become better at it. If you’re good at it, you’ll enjoy it more.

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Investing Investments Management 81

The Irrelevant Investor

JULY 20, 2023

Investors tend to over-extrapolate. I’ll use myself as an example. One of my ten predictions for 2023 was that energy would be the first sector to lead the pack for three consecutive years since utilities did in the late 80s. ¯_(ツ)_/¯ Not only did this not come true, but the opposite is happening. Energy is the second-worst performing sector YTD.

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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

Wealth Management

JULY 20, 2023

How and why the company is trying to bring opportunities for investment in real estate credit to high-net-worth investors.

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Investing Investments 98

A Wealth of Common Sense

JULY 20, 2023

On this week’s show, Josh Brown and Phil Pearlman joined me to talk about questions on gambling in your Roth IRA, talking finances with your partner, how to change bad health habits and much more. Further Reading: The Psychology of Sitting in Cash 1If I’m being honest I’ve probably used this advice in the past. Credit to me for changing my mind.

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Marketing Marketing 79

Ron A. Rhodes

JULY 20, 2023

In previous posts I discussed several “factors” – characteristics of stocks – that can be utilized in portfolio construction to seek to improve equity (stock) returns over long periods of…

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Portfolio Investing Investments Portfolio Management 72

Advisor Perspectives

JULY 20, 2023

The Conference Board Leading Economic Index (LEI) for June dropped to 106.1 from May's figure of 106.9. This is the index's lowest reading since July 2020 and the 15th consecutive monthly decline, the longest streak since 2009. Today's reading represented a 0.7% month-over-month decline, slightly worse than the forecast.

Economics 75

Economics 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

Wealth Management

JULY 20, 2023

One of the most influential people in the financial planning and investment management profession discusses what fueled his firm’s growth, the importance of financial education, the value of embracing technology and more.

Wealth Management 75

Wealth Management Management Education Financial Planning 75

Random Roger's Retirement Planning

JULY 20, 2023

Marketwatch posted an advice type of column where a reader asked about his retirement readiness as he just got laid off and now would like to be done with working. He is 61, no mention of his wife's age or whether she is still working. They have a combined $350,000 in qualified retirement accounts and $200,000 in taxable accounts. He said his Social Security will be $2035 at 62 and his wife's will be "way less.

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Retirement Budgeting Taxes Accounting 70

Wealth Management

JULY 20, 2023

Edward Jones advisors not only have the option to share offices, but they can now share clients. The firm expects 1,000 advisors to work in teams by year-end.

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Clients 75

Validea

JULY 20, 2023

In this episode, we talk growth investing with Wedgewood Partners Chief Investment Officer David Rolfe. We discuss the characteristics of great growth companies and the details of their process to identify them. We cover the importance of dominant products, the characteristics of strong management teams, the role of valuation in growth investing and a lot more.

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Valuation Investing Investments Management 52

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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!

Accounting

Wealth Management

JULY 20, 2023

The $3.7 million NightShares 500 ETF (NSPY) and the $1.4 million NightShares 2000 ETF (NIWM) will stop trading at the end of this month and liquidate on Aug. 10.

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Trade Brains

JULY 20, 2023

Fundamental Analysis of Safari Industries: When going on vacations, whether it’s a short weekend getaway or an extended vacation, backpacks and luggage are the important companions that accompany us. With the travel industry picking its pace after its decline during covid, one company in the luggage Industries has given magnificent returns on its shares.

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Planning Manufacturing Retail Accounting 52

Wealth Management

JULY 20, 2023

A study from SmartAsset looked at how much people with six-figure salaries in New York, San Francisco and Chicago can save if they leave for Austin.

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Calculated Risk

JULY 20, 2023

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from Sabrina Speianu and Danielle Hale: Weekly Housing Trends View — Data Week Ending July 15, 2023 • Active inventory declined, with for-sale homes lagging behind year ago levels by 6%. Following a year of declining newly listed homes, the stock of active inventory began to decline in June and this past week continued a four week trend with an annual decline of 6%.

Sales 52

Sales Numbers Marketing Marketing 52

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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

Wealth Management

JULY 20, 2023

A valid investment discipline regardless of the politics.

Investing 98

Investing Investments 98

Calculated Risk

JULY 20, 2023

The DOL reported : In the week ending July 15, the advance figure for seasonally adjusted initial claims was 228,000 , a decrease of 9,000 from the previous week's unrevised level of 237,000. The 4-week moving average was 237,500, a decrease of 9,250 from the previous week's unrevised average of 246,750. emphasis added The following graph shows the 4-week moving average of weekly claims since 1971.

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Wealth Management

JULY 20, 2023

Evolving global tax and disclosure regimes to consider.

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Taxes 98