Abnormal Returns
NOVEMBER 9, 2023
The Fund An excerpt from "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend" by Rob Copeland. (semafor.com) An excerpt from "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend" by Rob Copeland. (businessinsider.com) An excerpt from "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend" by Rob Copeland.
The Big Picture
NOVEMBER 9, 2023
My morning train reads: • Turning Empty Offices Into Apartments Is Getting Even Harder : Only 3,575 apartment units were converted from office space last year. The already fraught process now faces even more challenges. ( Wall Street Journal ) • The problem isn’t inflation. It’s prices. What goes up may not come down. Like, ever. ( Vox ) see also Right Now Is a Bad Time to Spend Money : With prices and interest rates high, this is a moment to focus on saving. ( Wall Street Journal ) • How to Be
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Abnormal Returns
NOVEMBER 9, 2023
Markets What does the S&P 493 tell us? (economist.com) Is this bond bear market worse than the 1970s? (ft.com) Finance Are bank stocks actually cheap? (ft.com) How rising interest rates will help hedge fund returns. (caia.org) FanDuel's parent company is planning a U.S. listing. (frontofficesports.com) Big Tech Apple's fiscal 2023 in charts, including rising services and wearables sales growth.
Wealth Management
NOVEMBER 9, 2023
New York-based Arch, which aims to solve for the workflow and data problems behind alternative investments, has received funding from Focus Financial Partners, the founders of Vanilla and Altruist, and others.
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.
Trade Brains
NOVEMBER 9, 2023
BoB World App Scam : The RBI raised a red flag against the Bank of Baroda (BoB) and has suspended their mobile app ‘BoB World’ from onboarding new clients because of a 22 lakh fraud affecting 362 customers. Nearly six customers have lost around Rs. 1.1 lakh each, whereas one lost almost Rs. 1.77 lakh, and an agent stole over Rs. 3.96 lakh. So, what in the world is ‘BoB World’?
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
NOVEMBER 9, 2023
Industry sources say Focus Financial Partners' new private equity owner plans to merge the sprawling ecosystem of firms into a small number of its existing entities.
Calculated Risk
NOVEMBER 9, 2023
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report: Weekly Housing Trends View — Data Week Ending Nov 4, 2023 • Active inventory declined slightly, with for-sale homes lagging behind year ago levels by 0.2%. For 20 straight weeks, the number of homes available for sale has registered below that of the previous year, though by just a small margin this week. • N ew listings–a measure of sellers putting homes up for sale–were up this week, by 0.6% from
Wealth Management
NOVEMBER 9, 2023
Via a “pass through” arrangement, Bank of Hawai‘i’s $23.5 billion broker/dealer subsidiary will gain access to Atria’s proprietary technology, including Clear1, Unio, and Contour, as well as home office support.
Calculated Risk
NOVEMBER 9, 2023
I'll have much more on these projections - and the implications for housing - soon (I'm sure housing economist Tom Lawler will comment!) From Census: U.S. Population Projected to Begin Declining in Second Half of Century The U.S. population is projected to reach a high of nearly 370 million in 2080 before edging downward to 366 million in 2100. By 2100, the total U.S. resident population is only projected to increase 9.7% from 2022, according to the latest U.S.
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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
NOVEMBER 9, 2023
Ghislain Gouraige, a 15-year UBS veteran and former leader of the firm’s Private Wealth Advisory Council, talks about what led him down the path to leave the wirehouse and build NewEdge Wealth with colleague Rob Sechan.
Calculated Risk
NOVEMBER 9, 2023
Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-November A brief excerpt: The NAR reported sales were at a “seasonally adjusted annual rate of 3.96 million in September. Year-over-year, sales dropped 15.4% (down from 4.68 million in September 2022).” This was in line with the local markets I tracked for September.
Wealth Management
NOVEMBER 9, 2023
Industry players continue to assess the potential fallout of WeWork’s bankruptcy filing. Fannie Mae alerted lenders that all agency-backed loans involving brokers are now subject to pre-review, reported Commercial Observer. These are among the must reads from the real estate investment world to end the week.
Advisor Perspectives
NOVEMBER 9, 2023
Earlier this month, I attended Bob Veres’ Insiders Forum conference in San Antonio. As it is every year, the highlight of the conference is Bob’s presentation of the Insiders Forum leadership award. This year’s recipient was Angie Herbers, my guest today. I cannot overstate the significance of this award. Virtually every other award in the advisor profession is part of a pay-for-play scheme, where the award is made with the expectation that the recipient will pay to attend some
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.
Wealth Management
NOVEMBER 9, 2023
Dee Morgan will take a more proactive approach to acquisitions of both broker/dealers and RIAs, whether that's through minority, majority or 100% stakes.
Integrity Financial Planning
NOVEMBER 9, 2023
As winter approaches, the weather outside is getting colder, and the nights are drawing in. It’s the perfect time to curl up on the sofa with a hot drink and enjoy some great films. Here are four fantastic movies that are perfect for the winter season. Christmas Inheritance First on the list is the heartwarming holiday tale “Christmas Inheritance.” This Netflix original film follows the story of a wealthy heiress, Ellen Langford, who is sent to deliver a Christmas card to her f
Wealth Management
NOVEMBER 9, 2023
The Board’s Disciplinary and Ethics Commission previously released anonymized iterations of its public sanctions, but starting today the Board will make the actual orders available to the public.
MainStreet Financial Planning
NOVEMBER 9, 2023
Many of our clients have used Mint and it has been a favorite of MainStreet Financial Planning for many years. With the recent news of Mint shutting down, we wanted to share a few helpful alternatives for budgeting tools to help you stay on track with accomplishing your goals! YNAB – YNAB stands for “You Need a Budget” and it is one that I have personally used and recommend to friends and clients.
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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.
Wealth Management
NOVEMBER 9, 2023
Parsonex Capital Markets failed to tell clients that several of its reps and one of its affiliated firms had checkered regulatory histories, according to FINRA.
Advisor Perspectives
NOVEMBER 9, 2023
Whether or not you’re investing directly in China, there’s a possibility that what happens there will reverberate in your clients’ portfolios.
Wealth Management
NOVEMBER 9, 2023
The firm has been investing in residential mortgages for the past eight years. It’s seeing better opportunities now than it has for some time, its co-founder says.
The Irrelevant Investor
NOVEMBER 9, 2023
Today’s episode of the Compound and Friends is brought to you by Simplify: See here for more information on Simplify’s income and diversification-focused strategies On today’s show, we discuss: Robinhood drops 14% after reporting big declines in trading volume and revenue Warren Buffets Berkshire Hathaway sells stocks as cash pile swells to record levels If interest rates are peaking, what investments ar.
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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!
Wealth Management
NOVEMBER 9, 2023
Philanthropy experts answer advisor questions regarding donor advised funds and private foundations.
Advisor Perspectives
NOVEMBER 9, 2023
In the week ending November 4, initial jobless claims were at a seasonally adjusted level of 217,000, a decrease of 3,000 from the previous week's revised figure. The latest reading is higher than the forecast of 215,000.
Wealth Management
NOVEMBER 9, 2023
Touissant Bailey on turning visions of impact investing into actionable and profitable solutions.
Calculated Risk
NOVEMBER 9, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • Veterans Day Holiday : Most banks will be closed in observance of Veterans Day. The stock market will be open. • At 10:00 AM ET, University of Michigan's Consumer sentiment index (Preliminary for November).
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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.
Trade Brains
NOVEMBER 9, 2023
Triveni Engineering Vs EID Parry : The recent few years have marked a significant change in the fuel & automotive policies of the country. The Government is looking to slowly phase out the use of harmful fossil fuels, alternating it with the use of an Ethanol Blend mixed with the traditional fuel. This gives a breath of fresh air to an otherwise large & slow-growing industry.
Calculated Risk
NOVEMBER 9, 2023
From STR: U.S. hotel results for week ending 4 November U.S. hotel performance showed an expected decline from the previous week as well as mixed year-over-year comparisons, according to CoStar’s latest data through 4 November. 29 October through 4 November 2023 (percentage change from comparable week in 2022): • Occupancy: 59.7% (-4.0%) • Average daily rate (ADR): US$152.90 (+2.0%) • Revenue per available room (RevPAR): US$91.23 (-2.1%) The decrease in occupancy was anticipated with Halloween f
Advisor Perspectives
NOVEMBER 9, 2023
The 20th century Baby Boom was one of the most powerful demographic events in the history of the United States. We've created a series of charts to show seven age cohorts of the employed population from 1948 to the present.
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