The Big Picture

JANUARY 31, 2023

My Two-for-Tuesday morning train WFH reads: • The U.S. Consumer Is Starting to Freak Out : The flush savings accounts and cheap credit that helped keep Americans spending at high rates since 2020 are disappearing. ( Wall Street Journal ) see also The Decline of the Nice-to-Have Economy : Consumers are reining in their spending on pandemic-era luxuries and conveniences, just as investors are doing the same—putting startups in a double bind ( Wall Street Journal ) • After 30 Years, the King of ETF

Startup 265

Startup Economics Economy Accounting 265

The Reformed Broker

JANUARY 31, 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: ►S&P Reshuffles – “Growth and value indexes run by S&P Dow Jones Indices saw record turnover, with almost a third of their market capitalization affected” ►Top 10 Stocks – “A remind.

Investing 246

Investing Investments Marketing Marketing 246

Nerd's Eye View

JANUARY 31, 2023

Welcome back to the 318th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Ali Swart. Ali is a Partner and the Managing Director for Waldron Private Wealth, a multi-family office based in Bridgeville, Pennsylvania that oversees nearly $3 billion in assets under management for 280 ultra-high-net-worth family households.

Retail 208

Retail Clients Financial Advisor Recruitment 208

Abnormal Returns

JANUARY 31, 2023

Strategy Everybody talks their book. (covestreetcapital.com) 20 lessons Seth Klarman learned from the GFC including 'Do not accept principal risk while investing short-term cash.' (investmenttalk.substack.com) Crypto Tesla ($TSLA) a big hit on its Bitcoin holdings. (electrek.co) Putting Grayscale Bitcoin Trust ($GBTC) into retirement accounts has backfired.

Startup 207

Startup Financial Advising Media Retirement 207

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Accounting

Pragmatic Capitalism

JANUARY 31, 2023

Here’s the second batch of answers from the Ask Me Anything. If you missed part 1 you can catch it here.

Investing 188

Investing Investments 188

Calculated Risk

JANUARY 31, 2023

The Census Bureau released the Residential Vacancies and Homeownership report for Q4 2022. The results of this survey were significantly distorted by the pandemic in 2020. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates. However, there are serious questions about the accuracy of this survey.

Numbers 131

Numbers Media 131

A Wealth of Common Sense

JANUARY 31, 2023

It’s not difficult to find a bearish perspective during a bear market. The bad stuff gets amplified and feels much worse when investors are losing money. Although stocks have rallied this year we’re still well below the highs and remain in an economic environment that is increasingly hard to handicap. Nassim Taleb has never been shy about voicing his bearish prognostications.

Economics 127

Economics Marketing Marketing 127

Advisor Perspectives

JANUARY 31, 2023

The latest Chicago Purchasing Manager's Index , or the Chicago Business Barometer, dropped to 44.3 in January from 44.9 in December, marking the fifth straight month in contraction territory. Values above 50.0 indicate expanding manufacturing activity. This reading comes in below the Investing.com forecast of 45.0.

Manufacturing 105

Manufacturing Management 105

Wealth Management

JANUARY 31, 2023

The Americas arm of UBS' global wealth management division saw total revenue dip despite a boost from net interest income in a 'challenging macroeconomic environment.

Wealth Management 104

Wealth Management Management 104

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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

Advisor Perspectives

JANUARY 31, 2023

RIAs will be more financially successful, will retain and attract more investment assets, and will produce superior financial results for their retiree clients when they embrace new thinking that begins with the acknowledgment that, in practice, the safe withdrawal rate is a fiction.

Assets 105

Assets Clients Investing Investments 105

eMoney Advisor

JANUARY 31, 2023

A few years ago, I had a eureka moment that changed the way our firm approached client education. When we first started offering client webinars, we traveled to our regional offices to conduct events that were focused on market outlook. When the pandemic hit, we continued to offer these events, but they became quarterly webinars. The subject matter at the time was focused on investment and economic updates.

Education 103

Education Financial Planning Clients Planning 103

Calculated Risk

JANUARY 31, 2023

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:15 AM, The ADP Employment Report for January. This report is for private payrolls only (no government). The consensus is for 170,000 payroll jobs added in January, down from 235,000 added in December. • At 10:00 AM, Construction Spending for December.

Manufacturing 103

Manufacturing Sales Government 103

Advisor Perspectives

JANUARY 31, 2023

Guggenheim Investments’ Macroeconomic and Investment Research Group identifies 10 macroeconomic trends likely to shape monetary policy and investment performance this year.

Investing 98

Investing Investments 98

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

JANUARY 31, 2023

Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index "Continued to Decline" to 7.7% year-over-year increase in November Excerpt: Both the Case-Shiller House Price Index (HPI) and the Federal Housing Finance Agency (FHFA) HPI for November were released today. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).

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Wealth Management

JANUARY 31, 2023

Former Alerian and Nasdaq executive Robert Hughes is the new CEO of First Trust Direct Indexing, the new brand name for Veriti, taking over for co-founder and Managing Partner James Dilworth.

Management 98

Management 98

Calculated Risk

JANUARY 31, 2023

S&P/Case-Shiller released the monthly Home Price Indices for November ("November" is a 3-month average of September, October and November closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P: S&P Corelogic Case-Shiller Index Continued to Decline in November The S&P CoreLogic Case-Shiller U.S.

Management 89

Management Marketing Marketing 89

Wealth Management

JANUARY 31, 2023

About $30 billion worth of CMBS loans tied to commercial properties in Los Angeles and Orange County, Calif. are coming due this year, reports The Real Deal. Commercial Observer looks at how the proptech sector partners with universities to solve industry challenges. These are among today’s must reads from around the commercial real estate industry.

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Banking

The Irrelevant Investor

JANUARY 31, 2023

Today’s Animal Spirits is brought to you by Helios: Enter your information here to get 10% off for the first year! On today’s show, we discuss: After a timeout, back to the meat grinder! What businesses do > what businesses say The US consumer is starting to freakout Has housing “bottomed”? Wall Street is losing out to amateur buyers in the housing slump American Express earnings Visa earnings H.

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Wealth Management

JANUARY 31, 2023

Vestwell conducted the fourth-annual “Retirement Trends Report” in fall 2022 and received responses from almost 1,300 savers, 500 financial advisors and 250 small businesses.

Financial Advisor 98

Financial Advisor Retirement Planning Retirement Clients 98

Million Dollar Round Table (MDRT)

JANUARY 31, 2023

By Kate Zabriskie While a certain amount of turnover is healthy and normal, when you’re hemorrhaging staff it can take years to recover. And let’s face it, retention is tough in a lot of places. While you can’t make people stay, you can take some critical actions to address the main reasons people say, “See you later.” 1) Employees want a better relationship with their managers If you haven’t done a good job cultivating a good relationship with your direct reports, today is the day to start.

Management 71

Management Planning 71

Wealth Management

JANUARY 31, 2023

As investors interested in the seniors housing sector have gotten more sophisticated, PGIM saw a need to shift from closed-end funds.

Investing 98

Investing Investments 98

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Accounting

MarketWatch

JANUARY 31, 2023

HubSpot Inc. HUBS said Tuesday it would layoff about 7% of its workforce, or about 500 employees, as part of a plan to cut costs. The internet marketing software company said the job cuts are expected to be completed by the end of the first quarter of 2023. The company said it was also consolidating office leases to create “higher density” in its workspaces.

Numbers 75

Numbers Planning Marketing Marketing 75

Wealth Management

JANUARY 31, 2023

Sanctuary Wealth held a grand opening for its new East Coast headquarters on Madison Avenue in New York City.

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MarketWatch

JANUARY 31, 2023

Vice President Kamala Harris on Wednesday will travel to Memphis, Tenn., to attend the funeral of Tyre Nichols, the White House announced Tuesday. Nichols, a Black man who was severely beaten by a group of Memphis police officers, died on Jan. 10. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Marketing 75

Marketing Marketing 75

Wealth Management

JANUARY 31, 2023

On social media and at industry gatherings, Spitzner was open and transparent about his acute myeloid leukemia diagnosis.

Consulting 103

Consulting Media 103

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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

JANUARY 31, 2023

United Parcel Service Inc. UPS raised its quarterly dividend by 6.6%, to $1.62 a share from $1.52 a share, and set a new $5 billion share repurchase program. The package delivery giant’s new dividend will be payable March 10 to shareholders of record on Feb. 21. Based on Monday’s stock closing price of $176.97, the new annual dividend rate implies a dividend yield of 3.66%, which compares with rival FedEx Corp.’s FDX current yield of 2.50% and the implied yield for the S&P 500 SPX of 1.69%.

Marketing 75

Marketing Marketing 75

Wealth Management

JANUARY 31, 2023

The CEOs of AssetMark and Adhesion Wealth discuss the motivations behind their merger, and their vision for the future.

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MarketWatch

JANUARY 31, 2023

Shares of Pfizer Inc. PFE dropped 2.2% toward a 3 1/2-month low in premarket trading Tuesday, after the drug maker reported fourth-quarter profit that topped expectations but revenue and the full-year outlook missed. Net income rose to $5.00 billion, or 87 cents a share, from $3.39 billion, or 59 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.14 was above the FactSet consensus of $1.05 billion.

Sales 75

Sales Marketing Marketing 75