The Big Picture

FEBRUARY 6, 2023

I am in Florida for the big ETF Exchange event. It’s a giant annual conference with 2000+ people attending in Miami to network, talk ETF’s, and discuss the future of the industry. It’s always a worthwhile hang. (Full agenda here ) My contribution to the event is a live Masters-in-Business with the Vanguard Group’s CEO Tim Buckley. We will be recording it for broadcast next week; even if you cannot make it to Miami tomorrow, you will be able to hear what the CEO of Vanguard Grou

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Investing Investments Marketing Marketing 272

Nerd's Eye View

FEBRUARY 6, 2023

Welcome to the February 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 the “financial monitoring software” platform Elements has raised $5 million in a seed-extension funding round as it seeks to establish a foothold in the rapidly growing AdvisorTech categ

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B2B Financial Advice Clients Planning 208

Abnormal Returns

FEBRUARY 6, 2023

Markets February has historically been the second worst month for the stock market. (allstarcharts.com) Finance We're all better off having a robust short selling community. (netinterest.co) Why Rothschild & Co is going private. (ft.com) Wall Street layoffs are nothing new. (npr.org) Companies Four big trends are causing the tech giants trouble.

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Financial Advising Media Marketing Marketing 200

Advisor Perspectives

FEBRUARY 6, 2023

The greatest anomaly is that despite decades of poor performance and the failure to effectively hedge exposure to conventional security classes, assets under management among hedge funds have grown from about $300 billion 25 years ago to about $5 trillion today.

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Assets Management 111

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Accounting

Abnormal Returns

FEBRUARY 6, 2023

Podcasts Brendan Frasier talks with Jordan Hutchison of Shaping Wealth about finding flow with clients. (wiredplanning.com) Michael Kitces talks with Ali Swart who is a Partner and the Managing Director for Waldron Private Wealth about the business of a multi-family office. (kitces.com) Rick Ferri talks taxes and withdrawal rates with Christine Benz of Morningstar.

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Taxes Accounting Clients Management 130

Advisor Perspectives

FEBRUARY 6, 2023

Ignoring the Federal Reserve’s determination to keep raising rates and hold them there is a wildly profitable trade on Wall Street right now. It’s trying to swim against the rising market that carries risks.

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Marketing Marketing 98

MarketWatch

FEBRUARY 6, 2023

Ford Motor Co. was downgraded to sell from hold at Deutsche Bank, which also cut its price target to $11 from $13. Analyst Emmanuel Rosner said the fourth-quarter results and 2023 outlook "showcase considerable operational shortfalls and suggest meaningful downside risk to earnings trajectory." While management blamed supply chain conditions as well as suboptimal material economics and poor operational execution, Rosner said he also worries about Ford's limited visibility into its supply base.

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Banking Economics Management Marketing 98

Steve Sanduski

FEBRUARY 6, 2023

Pam Perskie is the Founder and CEO of Seven Mile Advisory , a multi-family office that works with clients who have significant financial complexity, including business owners, private equity professionals, real estate investors and operators, professional athletes, and entertainers. Pam and I discussed how a successful multi-family office operates, the profile of clients, how her firm charges for its services, the mindset advisors need to work with wealthy (and oftentimes famous) individuals, wh

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Clients Risk Tolerance Portfolio Budgeting 98

MarketWatch

FEBRUARY 6, 2023

Bed Bath & Beyond Inc.'s stock spiked as much as 120% Monday even as the retailer indicated it has missed payments to debt holders and could file for bankruptcy. More than 183 million shares of Bed Bath & Beyond so far have swapped hands, vs. normal activity of about 37 million shares. Bed Bath & Beyond shares, which were momentarily paused in trading before resuming, have catapulted 129% this year.

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Retail Marketing Marketing 98

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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

NAIFA Advisor Today

FEBRUARY 6, 2023

If you ask Derek Glitz what he likes most about working in financial services, he’ll answer that it’s the people he works with. Specifically, he enjoys assisting financial advisors and insurance agents to reach their maximum potential and help their clients realize their retirement dreams.

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Financial Services Financial Advisor Insurance Retirement 98

Wealth Management

FEBRUARY 6, 2023

Multi-Housing News looks at whether manufactured housing remains a good investment option. A New Yorker article examines how explosive population growth in Austin, Texas has affected quality of life in the city. These are among today’s must reads from around the commercial real estate industry.

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Manufacturing Investing Investments 97

Advisor Perspectives

FEBRUARY 6, 2023

Take a look at real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq composite since 2000. We've updated this through the January 31, 2023 close.

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Wealth Management

FEBRUARY 6, 2023

United Advisor Group, which launches with $750 million in AUM, wants Goldman's full suite of integrated wealth management services, including alternative investments and asset-backed lending.

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Wealth Management Assets Management Investing 96

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

Calculated Risk

FEBRUARY 6, 2023

Today, in the Calculated Risk Real Estate Newsletter: Black Knight Mortgage Monitor: Home Prices Declined in December; Down 5.3% since June A brief excerpt: Here is a graph of the Black Knight HPI. The index is still up 5.0% year-over-year but declined for the sixth straight month in December and is now 5.3% off the peak in June. • December’s 0.45% seasonally adjusted decline was roughly on par with the 0.48% average seen over the past 6 months, with an even sharper 0.89% decline on an unadjuste

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Accounting 84

Wealth Management

FEBRUARY 6, 2023

The Conversational AI, AI and Innovation ETF, (CHAT) will seek to invest in global stocks that are primarily connected with artificial intelligence, with an emphasis on “conversational” AI and innovation.

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Investing Investments 96

XY Planning Network

FEBRUARY 6, 2023

6.5 MIN READ Admit it: Do you have a shoebox full of “important” papers that you *think* might be needed for your taxes? Do you know what’s in there? Are they in your junk drawer? The kitchen counter? The dining room table? In some online account that you don’t have the password for? Some combination of the above? We get it. “Preparing” for tax preparation can be daunting.

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Taxes Tax Planning Clients Accounting 78

Wealth Management

FEBRUARY 6, 2023

Preparing to celebrate its 50th anniversary this year, MAI Capital Management has grown by at least 170% since 2017 while maintaining an impressive level of client service, adding capabilities and developing a strong acquisition model.

Management 92

Management Clients 92

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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

A Wealth of Common Sense

FEBRUARY 6, 2023

Today’s show is brought to you by ASYMmetric ETFs: We had Darren Schuringa, Founder and CEO of ASYMmetric ETFs on the show to discuss Asymetric’s latest Smart Income and Smart Alpha ETFs. On today’s show, we discuss: Darren’s background prior to ASYMmetric ETFs How ASYMmetric structures their strategies Looking at market volatility Rules-based strategies v emotions What makes Smart ETFs smart How ASYMmet.

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Marketing Marketing 75

Wealth Management

FEBRUARY 6, 2023

The White House's proposed Renters Bill of Rights is likely more talk than action, reports Propmodo. Commercial Property Executive takes another look at the $15 billion STORE Capital deal, now that the transaction has closed. These are among today’s must reads from around the commercial real estate industry.

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Clever Girl Finance

FEBRUARY 6, 2023

The term personal finance ratios might be giving you flashbacks to math class. Back then, if students looked like they were zoning out, your teacher might have told you “pay attention, this will be useful to you later.” Well, this time you don’t have to wait—a lot of the ratios below will be useful to you right now! They are essentially quick equations that can help you make helpful financial calculations.

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Numbers Assets Retirement Budgeting 75

Wealth Management

FEBRUARY 6, 2023

Wealth Management IQ and Discovery Database have compiled a list of RIAs that are experiencing outsized growth while keeping sight of their first priority: the client.

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Wealth Management Clients Management 93

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Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

Management

MarketWatch

FEBRUARY 6, 2023

A meme-stock rally heated up in afternoon trading Monday, leading to a brief volatility-related halt in shares of AMC Entertainment Holdings Inc. AMC AMC shares were halted at 3:28 p.m. Eastern time Monday, before trading resumed at 3:33 p.m. Shares were recently up 14%, though they were up as much as 20.4% earlier Monday. Shares of fellow meme stock GameStop Inc.

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Marketing Marketing 76

Wealth Management

FEBRUARY 6, 2023

Creating financial plans isn’t easy. And while financial planning rules of thumb are obviously imperfect, they’re better than nothing.

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Financial Planning Planning 91

MarketWatch

FEBRUARY 6, 2023

The Federal Aviation Administration proposed fining United Airlines Holdings Corp. $1.15 million for allegedly operating flights without performing proper maintenance inspections. The FAA said from June 2018 to April 2021, United Airlines conducted flights of Boeing 777 aircraft that “were not in airworthy condition,” because United allegedly removed in 2018 the Fire System Warning Check from its preflight check list.

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Marketing Marketing 75

Wealth Management

FEBRUARY 6, 2023

An introductory four-part guide for helping clients increase the value and net profit of their businesses.

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Clients Planning 98

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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

MarketWatch

FEBRUARY 6, 2023

Oil futures settled higher on Monday, logging a partial rebound from last week’s steep losses. Saudi Arabia unexpectedly lifted most prices for oil that will be shipped to Asia in March, Bloomberg reported Monday. The higher prices offer a sign of stronger than anticipated Chinese oil demand, and that should give the market a lot of support amid growing concerns about spare oil production capacity, said Phil Flynn, senior market analyst at The Price Futures Group.

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Marketing Marketing 75

Wealth Management

FEBRUARY 6, 2023

Metro Loft Developers LLC, headed by Nathan Berman, is partnering with Silverstein Properties to raise $1.5 billion in equity to start SilverLoft, an engine for years of conversions, beginning with 55 Broad. Metro Loft and Silverstein have identified more than 200 candidates. If they were to purchase just 10 percent of those properties over the next decade, it could result in as many as 15,000 units, according to Silverstein.

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Engineering 69

MarketWatch

FEBRUARY 6, 2023

An initial U.S. aid response to Turkey after earthquakes in that country and Syria is “already underway,” Secretary of State Antony Blinken said in a statement Monday, while U.S.-supported organizations in Syria are “responding to the earthquakes’ effects.” Blinken’s statement came after a powerful 7.8 magnitude quake rocked wide swaths of Turkey and Syria early Monday, toppling hundreds of buildings and killing more than 1,900 people.

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Marketing Marketing 75