Tue.Dec 06, 2022

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Value Creation

The Reformed Broker

I’m in Texas this week speaking at the Dynasty Investing Forum and seeing clients. The below was one of my best posts of the year, in my own humble opinion I wrote it at pretty much the worst moment for stocks in 2022, during the peak of the September sell-off that drove the S&P 500 to its lowest low – down about 25% on the year. Since this post, JPMorgan shares are up 26%.

Clients 269
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Tuesday links: a big red flag

Abnormal Returns

Bonds Bond lingo, 101. (monevator.com) The bonds vs. bond fund equation is more complicated than it looks. (morningstar.com) Crypto Fidelity has not wavered in its approach to crypto. (riabiz.com) FTX's marketing efforts drew in a lot of novice investors. (nytimes.com) FTX/Alameda purportedly owned stakes in hundreds of startups. (ft.com) Tech Taiwan Semi ($TSM) is expanding its Arizona manufacturing ambitions.

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#FA Success Ep 310: Filtering Down To The Most Impact-Weighted Work To Scale Client Value, With Natalie Taylor

Nerd's Eye View

Welcome back to the 310th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Natalie Taylor. Natalie is the owner of Natalie Taylor Consulting Services, an independent virtual RIA, and is also the Head of Financial Advice for Monarch Money, a personal financial management tool that helps consumers track their spending and net worth over time.

Clients 130
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Update: Framing Lumber Prices Close to Pre-Pandemic Levels

Calculated Risk

Here is another monthly update on framing lumber prices. This graph shows CME random length framing futures through December 6th. Lumber was at $413 per 1000 board feet this morning. This is down from the peak of $1,733, and down 54% from $907 a year ago. Prices are close to the pre-pandemic levels of around $400. Click on graph for larger image. There is somewhat of a seasonal demand for lumber, and lumber prices usually peak in April or May, although prices peaked much earlier this year.

Marketing 145
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Don’t Try to Get Rich Twice

A Wealth of Common Sense

Before becoming one of the most important movie studio executives of the 1970s, Robert Evans took a break from the glitz and glam of Hollywood to work for his brother’s apparel line, Evan-Picone. The company was so fashionable in the 1960s that every investment bank was pushing them to go public. Before going that route, Robert’s brother Charles put a call into Charlie Revson, the founder and owner of Revlon.

Banking 135

More Trending

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Q3 Update: Delinquencies, Foreclosures and REO

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Q3 Update: Delinquencies, Foreclosures and REO A brief excerpt: Last year, I pointed out that with the end of the foreclosure moratoriums, combined with the expiration of a large number of forbearance plans, we would see an increase in REOs in late 2022 and into 2023. However, this would NOT lead to a surge in foreclosures and significantly impact house prices (as happened following the housing bubble) since lending has been solid and most ho

Numbers 125
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A Perspective on Secular Bull and Bear Markets

Advisor Perspectives

The S&P 500 peaked in November of 2021 and most of 2022 has been in a bear market. Let's examine the past to broaden our understanding of the range of historical trends in market performance.

Marketing 111
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Animal Spirits: A Bear Market in Housing

The Irrelevant Investor

Today’s Animal Spirits is brought to you by YCharts: Enter your information here to claim a FREE YCharts Professional account through December 16th, 2022 (first 100 submissions) On today’s show we discuss: Immaculate disinflation hopes dashed? Comments on the November employment report Were there really twice as many job openings as unemployed people?

Marketing 110
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Eight Must Reads for the CRE Industry Today (Dec. 7, 2022)

Wealth Management

CBL plans to bring additional entertainment centers to its regional malls, reports Commercial Property Executive. A new survey found office workers care more about good WiFi connection and flexible workspaces rather than free coffee. These are among today’s must reads from around the commercial real estate industry.

Planning 108
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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

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Investing in Deflation, Inflation, and Stagflation Regimes

Alpha Architect

In this article, we examine the research on investing during inflationary regimes such as deflation, inflation, and stagflation. Factors perform relatively well in all regimes on a real basis. Investing in Deflation, Inflation, and Stagflation Regimes was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Investing 106
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Will M&A Withstand Rising Capital Costs?

Wealth Management

At the MarketCounsel Summit, executives with Advisor Growth Strategies questioned the certainty that rising interest rates will result in a cratering of M&A activity.

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FDIC: Problem Banks Increased to 42 in Q3 2022

Calculated Risk

The FDIC released the Quarterly Banking Profile for Q3 2022 last week: Net Income Increased Quarter Over Quarter and Year Over Year: Quarterly net income totaled $71.7 billion in third quarter 2022 , an increase of $7.3 billion (11.3 percent) from the second quarter. Asset Quality Metrics Were Favorable Overall Despite Growth in Early Delinquencies : Loans that were 90 days or more past due or in nonaccrual status (i.e., noncurrent loans) continued to decline and the noncurrent rate was down 3 b

Banking 98
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Be a source of strength for clients in times of uncertainty

Nationwide Financial

Investors have faced a host of financial challenges over the past year—from record inflation, to rising interest rates, to market corrections and rebounds. So it’s no wonder that many investors who are not yet retired are recalibrating their expectations for retirement and their financial future. The rise in market turbulence and economic uncertainty has sparked a jump in investor anxiety.

Clients 98
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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

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.

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Wealthies Circle Podcast: Client Management in a Digital World

Wealth Management

A discussion of the latest tools that help firms deliver personalization at scale to differentiate their firms, increase capacity and drive business momentum.

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Financial Planning That Helps Clients Weather Disasters

eMoney Advisor

Billion-dollar disasters, inflation, and increased building costs mean a perfect storm is brewing for financial planners’ risk management strategies. If the next natural disaster comes for your clients, will they be ready? Insurance in Financial Planning. The CFP® Board includes risk management and insurance in its financial planning principal knowledge topics for a good reason.

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Adjusted for Risk: Powell Speaks and Markets React

Wealth Management

Zephyr Market Strategist Ryan Nauman recaps the week's headlines, including market reaction to Fed Chair Jerome Powell's recent speech, highlights from the Investment Fuse conference and the college football bowl season.

Marketing 103
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Weekly Gasoline Prices: Regular and Premium Drop Again

Advisor Perspectives

As of December 5, the price of Regular and Premium were down 14 and 15 cents each, respectively, from the previous week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $5.11 and Texas has the cheapest at $2.71. The WTIC end-of-day spot price closed at 76.93 and is down 0.4% from last week.

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Transforming Lending: Understanding the Power of Digital Platforms

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.

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Automation vs. Human Advice: Which Will Win Out?

Wealth Management

One technology exec argues that the human elements of financial advice will never be digitized; another says most of the job will eventually be fully automated.

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3 ways to close the sale

Million Dollar Round Table (MDRT)

By Bryce Sanders Prospects never breeze into your office and say, “Where do I sign?” As a financial advisor or insurance agent, you must do the work and close the sale. Are you doing the right work, though? You have learned all about features and benefits during sales training at your firm. The prospect needs to know how the features of the product (the benefits) will make their life better.

Sales 78
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Diagonal Investment Office Launches with Sanctuary Global

Wealth Management

The Miami-based team led by Rodolfo Rake and Santiago Rey is focused on serving Latin American clients at home and abroad.

Investing 108
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The #1 Script That Illuminates All Economic Highs And Lows

Leading Advisor

Most of the time, it requires working with someone from the outside to hold the awareness and space for you to decide to be the self you were meant to be. The post The #1 Script That Illuminates All Economic Highs And Lows appeared first on Leading Advisor - Simon Reilly.

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Quick Start Guide to a Crystal Clear Close

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!

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LA Approves Tax Increase on Real Estate Deals Over $5 Million

Wealth Management

The measure, known as Proposition ULA, boosts the one-time transfer tax to 4 percent for property deals between $5 million and $10 million, and 5.5 percent for transactions of $10 million and above. The current rate on all sales is 0.45 percent.

Taxes 96
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October Trade Deficit at $78.2B

Advisor Perspectives

The U.S. International Trade in Goods and Services, also known as the FT-900, is published monthly by the Bureau of Economic Analysis with data going back to 1992 and details U.S. exports and imports of goods and services. The headline number of -78.2B was better than the -80.0B Investing.com forecast.

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The Wealth Management Firm of the Future: Digitizing Your Practice From End-to-End

Wealth Management

Woodgate Financial's Jason Pereira details how advisors can be more efficient through digitization and automation.

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November Employment: Services Vs. Goods Producing Jobs

Advisor Perspectives

The latest monthly employment report showed a gain of 263K nonfarm jobs, which consists of a gain of 226K service-providing jobs and a gain of 37K goods-producing jobs.

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The Blueprint for a Customer-Centric Digital Lending Experience

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.

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Major Office Distress Is All the Talk. But So Far, it’s Not the Reality.

Wealth Management

Office loan delinquencies and distressed office sales remain subdued, though the sector is facing headwinds.

Sales 114
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Treasury Yields: A Long-Term Perspective

Advisor Perspectives

As of November 30, 2022, the 10-year note was 316 basis points above its historic closing low of 0.

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Congress Forms New Family Business Caucus

Wealth Management

Bipartisan group will address critical issues facing generationally owed enterprises of all sizes.

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