The Reformed Broker
MAY 16, 2023
Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Einhorn, Burry, Buffett – David Einhorn and Michael Burry were buying regional banks in Q1. ►Positive Surprises – “This will upset a lot of gloom and doomers, but oh well” ►Wealth Transfer .
The Big Picture
MAY 16, 2023
My Two-for-Tuesday morning train WFH reads: • Miami’s Love Affair With Crypto Is Souring as Bitcoin Faithful Flock to the City : On the eve of the annual bitcoin conference, the city and its mayor have mostly moved on from crypto. ( Wall Street Journal ) but see Crypto’s Most Influential Companies Often Follow Their Own Rules — Even After FTX’s Collapse : A review of practices at 60 of the sector’s most influential companies found many lack basic guardrails. ( Bloomberg ) • The audacious plan to
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Nerd's Eye View
MAY 16, 2023
Welcome back to the 333rd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jim Dew. Jim is the Co-Founder and CEO of Dew Wealth Management, an independent RIA based in Scottsdale, AZ, that provides virtual-family-office-style financial planning on a monthly retainer basis for 150 small-business owner entrepreneurs. What's unique about Jim, though, is how he has scaled his retainer-based boutique firm to more than $7 million in revenue, a $31 million enterprise va
Abnormal Returns
MAY 16, 2023
Crypto 2022's crypto blowups happened really quickly as institutions rushed through the door. (chicagofed.org) Michael Lewis' book on SBF, “Going Infinite: The Rise and Fall of a New Tycoon” is coming in October. (nytimes.com) Companies Why is Apple ($AAPL) is pushing forward with its mixed reality headset? (washingtonpost.com) What exactly is IBM ($IBM) these days?
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.
The Reformed Broker
MAY 16, 2023
Bullish call on GE Healthcare from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
A Wealth of Common Sense
MAY 16, 2023
The economic recovery following the Covid-induced recession in early-2020 has climbed the proverbial wall of worry. We’ve experienced the strongest labor market in a generation but the vibes have been off for a while now. Last summer the University of Michigan index of consumer sentiment hit its lowest level on record: That’s lower than it was during the 2008 financial crisis, lower than it was in the early-1.
Your Richest Life
MAY 16, 2023
After years of medical school, training and a lower salary, it can be jarring to finally get settled into a position (and a higher income.) As a new physician, you’ll have to adjust your mindset and your habits to manage your money effectively. Here are some tips for successful money management when you graduate from a resident or a fellow to a practicing physician: New Physician Financial Success: Avoid Lifestyle Creep For many new physicians, years of feeling deprived leads to splurging when t
Wealth Management
MAY 16, 2023
Vanilla's recently announced, fully integrated Estate Advisory Platform seeks to empower financial advisors to take the lead in the estate planning process.
Trade Brains
MAY 16, 2023
Best Large Cap Stocks Under Rs 500: Great investors around the world repeatedly emphasize the importance of protecting the principal or the amount invested. Returns are secondary. Along these lines, large-cap stocks should be a preferred choice due to their proven business models and steady growth. In this article, we’ll present you the best large cap stocks under Rs 500 that you can add to your watchlist.
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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.
Wealth Management
MAY 16, 2023
Office owners have started to unload distressed buildings at discounted prices, reported The Wall Street Journal. Commercial Observer looked at politicians who are trying to play a role in setting policies related to commercial real estate. These are among the must reads for real estate investors today.
Calculated Risk
MAY 16, 2023
On a monthly basis, retail sales were up 0.4% from March to April (seasonally adjusted), and sales were up 1.6 percent from April 2022. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for April 2023, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $686.1 billion, up 0.4 percent from the previous month, and up 1.6 percent above April 2022.
Wealth Management
MAY 16, 2023
Wells Fargo was accused of making misleading statements about its compliance with federal consent orders following the 2016 scandal involving the opening of unauthorized customer accounts.
The Irrelevant Investor
MAY 16, 2023
Today’s Animal Spirits is brought to you by Global X ETFs: See here for more information on Global X ETFs suite of thematic strategies On today’s show, we discuss: Real estates lead as best investment shrinks, gold rises Investors are nervous – and that could support stocks There is nothing typical for stocks when the Fed stops raising rates Robinhood to launch 24-hour trading on weekdays in stocks and ETFs.
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.
Advisor Perspectives
MAY 16, 2023
Long-term Treasury bonds are an excellent investment. But timing the purchase of bonds is difficult because three headwinds are keeping rates higher.
Wealth Management
MAY 16, 2023
Adviser Investments is doubling its AUM and bolstering capabilities with the acquisition of Ropes Wealth Advisors from global law firm Ropes & Gray.
Integrity Financial Planning
MAY 16, 2023
In most cases, you can’t actually keep your money in your retirement accounts forever. Even if you don’t need the money from your retirement accounts, many of them will require you to begin withdrawing from them when you are 73 years old. [1] This is called a required minimum distribution (often shortened to RMD). More specifically, you must start taking RMDs by April 1st following the year you turn 73. [2] The amount you are required to withdraw is calculated by dividing the value of the accoun
Wealth Management
MAY 16, 2023
Hear from Envestnet's Dani Fava about what wealthtech retirement plan advisors and providers can leverage to benefit consumers in their plans.
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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.
Million Dollar Round Table (MDRT)
MAY 16, 2023
By Alan C. Kifer, CFP, LUTCF It’s often challenging for prospects and clients to understand the value we as financial advisors can offer them. Clients get overwhelmed and confused by charts, numbers and myriad financial choices. Part of our job, though, is to make it relatable for them. This is one of my favorite ideas for simply explaining to clients how I can help them.
Wealth Management
MAY 16, 2023
Advisor attrition is becoming increasingly common as next-gen talent consider their options—and they want ownership.
Calculated Risk
MAY 16, 2023
From the Fed: Industrial Production and Capacity Utilization Industrial production rose 0.5 percent in April after moving sideways the previous two months. In April, manufacturing increased 1.0 percent, bolstered by a strong gain in the output of motor vehicles and parts; factory output excluding motor vehicles and parts moved up 0.4 percent. The index for mining rose 0.6 percent, while the index for utilities dropped 3.1 percent, as milder temperatures in April lowered demand for heating.
Wealth Management
MAY 16, 2023
The idea behind baby bonds is to establish trust funds for children when they’re born, allowing the money to grow over time and then be accessed in young adulthood for wealth-building purposes like education, buying a home, starting a small business or saving for retirement.
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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!
Discipline Funds
MAY 16, 2023
The muddle through trend is strong. Or should I say weak? We got two big data points this morning on the economy and both pointed to sluggish trends in growth. Retail sales and industrial production have a strong correlation with weak economic growth and both came in unusually weak last month. We’re not big fans of the “recession” vs “no recession” debate because it’s such an binary and arbitrary determination (always defined in hindsight), but one thing we kn
Wealth Management
MAY 16, 2023
So far, only one other company has asked the SEC to add ETFs to the share classes of its actively-managed mutual funds.
Advisor Perspectives
MAY 16, 2023
What is the number-one reported factor for a happy and fulfilling retirement?
Wealth Management
MAY 16, 2023
Don’t listen to ‘gurus’ trying to panic investors into buying what they’re selling.
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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.
MarketWatch
MAY 16, 2023
Wells Fargo & Co. WFC has settled a shareholder lawsuit from 2016 with a payment of $1 billion, a spokesperson from the bank confirmed in an email to MarketWatch. The Wall Street Journal initially reported the settlement citing court documents. “This agreement resolves a consolidated securities class action lawsuit involving the company and several former executives and a director, who have not been with the company for several years,” a bank spokesperson said.
Advisor Perspectives
MAY 16, 2023
Here are a couple of trends that will dominate as a winning content strategy this year.
MarketWatch
MAY 16, 2023
President Joe Biden plans to return to the U.S. on Sunday, cutting short his upcoming Asia trip, NBC News reported on Tuesday, citing an anonymous source. Earlier Tuesday, White House spokesman John Kirby said Biden might not make planned stops in Australia and Papua New Guinea that were expected to happen in conjunction with his trip to Japan for a G-7 summit.
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