The Big Picture
JULY 26, 2023
One of the more foolish arguments 1 that seem to be emanating from the Fed about their intention to raise rates another quarter point today: The 2% inflation target that has been in place pretty much the entire post-financial crisis era. There is no empirical evidence showing 2% is the optimal long-run inflation target, given the Fed’s dual mandate of price stability and maximum employment.
Nerd's Eye View
JULY 26, 2023
Financial plans play an important role for both clients and advisors, as they not only help clients gain a clear perspective of their current financial position, but also provide advisors with a systematic way to organize their analyses and communicate their recommendations to the client. However, there is no standard style of what is included in these plans, and as financial planning software has gotten more sophisticated and capable over time, "The Plan" has gotten longer and longer with addit
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Abnormal Returns
JULY 26, 2023
Podcasts Doug Boneparth and Morgan Housel talk decision making with Cass Sunstein. (youtube.com) Christine Benz and Jeff Ptak talk with Joel Dickson of Vanguard about the state of retirement saving in America. (morningstar.com) Ten personal finance podcasts to check out including 'All the Hacks.' (money.usnews.com) Investing J.D. Roth, "Too many people try to overcomplicate investing.
The Big Picture
JULY 26, 2023
My mid-week morning train WFH reads: • Birth, Death, and Wealth Creation : Investors seeking to generate excess returns can benefit from understanding the demographics of public companies and their patterns of wealth creation: 60% percent of the stocks of U.S. public companies failed to earn returns in excess of Treasury bills; only 2% created more than 90% of the aggregate wealth.
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.
Abnormal Returns
JULY 26, 2023
Strategy Eight ways compounding can get interrupted. (blog.validea.com) How to properly use a DCF model. (capitalgains.thediff.co) Finance Banc of California ($BANC) is buying PacWest ($PACW) with the help of private equity. (wsj.com) How Goldman Sachs' ($GS) relationship with Apple ($AAPL) soured. (theinformation.com) Wells Fargo ($WFC) has authorized a $30 billion stock buyback.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Advisor Perspectives
JULY 26, 2023
Wealth managers must understand their clients' online behavior. Though we know them in some ways, we cannot assume their online behavior mimics what we know about them from past interactions.
Wealth Management
JULY 26, 2023
The newly-appointed advice tech executive talks about how he got started in politics, how this work intersects with his new role, his thoughts on the fee-for-service model debate and his vision for the future of the advisor billing software company.
Calculated Risk
JULY 26, 2023
Today, in the Calculated Risk Real Estate Newsletter: New Home Sales decrease to 697,000 Annual Rate in June Brief excerpt: And on prices, from the Census Bureau : The median sales price of new houses sold in June 2023 was $415,400. The average sales price was $494,700. The following graph shows the median and average new home prices. The average price in June 2023 was $494,700 up 5% year-over-year.
Wealth Management
JULY 26, 2023
The SEC approved a plan on Wednesday to root out what Chair Gary Gensler has said are conflicts of interest that can arise when financial firms use artificial intelligence.
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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.
Advisor Perspectives
JULY 26, 2023
ESG scoring and mandates remain a subject we have contested since it sprang to life in 2020. The push of “woke activism” on, and by companies, to meet nebulous or artificial standards has led to various bad outcomes.
Wealth Management
JULY 26, 2023
The CEO of SignatureFD discusses the importance of understanding people’s motivations, the evolution of a firm’s messaging and why inclusion is key to a positive culture.
Validea
JULY 26, 2023
By Justin Carbonneau ( Twitter | LinkedIn | YouTube ) — What do you think the main driver of long-term wealth creation is? Your job, profession and salary, your education, inheritance, hard work and resourcefulness, living within your means, savings or something else? Of course, all these things matter and play an important role, but for most of us who invest I would argue it’s the power of compounding over long periods of time that is the most powerful force in building wealth.
Wealth Management
JULY 26, 2023
Gain insight into harnessing integrated technology solutions that streamline back-office operations, deliver personalized insights and attract and retain clients.
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.
Trade Brains
JULY 26, 2023
Fundamental Analysis of IEX: The increase in the nation’s GDP, an increase in the income among consumers and a change in our daily lifestyle have led to an increase in the consumption of electricity in India. This demand is expected to further increase in the future. While various companies produce power in India, there is only one of them that has a majority share in the physical delivery of electricity across the nation.
Wealth Management
JULY 26, 2023
By approaching compliance as a strategic opportunity rather than a regulatory burden, advisors can successfully navigate the maze and build a stronger practice.
Advisor Perspectives
JULY 26, 2023
Hamilton Lane (Nasdaq: HLNE) is one of the largest private market investment firms globally, with nearly $857 billion in assets under management as of June 2023, providing innovative solutions to institutional and private wealth investors around the world. In this episode, my guest, Steve Brennan, will discuss the private market opportunity for advisors and HNW investors.
Wealth Management
JULY 26, 2023
With the average age of advisors hovering around 55, clients want to know they will be taken care of if something happens to their advisor, or if they retire.
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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.
Calculated Risk
JULY 26, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 240 thousand initial claims, up from 228 thousand last week. • Also at 8:30 AM, Gross Domestic Product, 2nd quarter (advance estimate), and annual update. The consensus is that real GDP increased 1.8% annualized in Q2, down from 2.0% in Q1. • Also at 8:30 AM, Durable Goods Orders for June from the Censu
Wealth Management
JULY 26, 2023
It’s no secret that financial advisors can help clients make more informed and effective investment decisions, leading to higher returns and better outcomes.
The Richer Geek
JULY 26, 2023
With us today is private label expert Ashley Kinkead, the mastermind behind thousands of third-party products sold on Amazon today. Ashley has inspired countless people and entrepreneurs around the world with her skills and strategies to build full-time online empires from the ground up. Founder of Private Label Mastery, host of a top-ranked Amazon FBA podcast and author of Million Dollar e-Com Secrets: How I Went From an Unfulfilling Corporate Job to a High-Income, Extraordinary Life on My Lapt
Wealth Management
JULY 26, 2023
New York saw a net loss of roughly 19,800 residents earning more than $200,000 annually in 2021, while California saw a net loss of 27,300 high-earners.
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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!
Meb Faber Research
JULY 26, 2023
Episode #491: JD Gardner – Bridging the Behavior Gap Guest: JD Gardner is the CIO & Founder of Aptus Capital Advisors, which provides risk-managed strategies designed to help clients stay invested through market cycles. Date Recorded: 7/5/2023 | Run-Time: 1:14:56 Summary: Today’s episode has an overarching theme that can be summarized by a quote from […] The post Episode #491: JD Gardner – Bridging the Behavior Gap appeared first on Meb Faber Research - Stock M
Wealth Management
JULY 26, 2023
Victor Navarroli of Carolina Wealth Partners, recently changed broker-dealers and selected United Planners because of service and flexibility.
Calculated Risk
JULY 26, 2023
Fed Chair Powell press conference video here or on YouTube here , starting at 2:30 PM ET. FOMC Statement: Recent indicators suggest that economic activity has been expanding at a moderate pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient.
Wealth Management
JULY 26, 2023
When it comes to financial planning, having an advisor who can connect clients with other resources can make all the difference.
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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.
Advisor Perspectives
JULY 26, 2023
The June release for new home sales from the Census Bureau came in at 697,000, down 2.5% month-over-month from a revised 715,000 in May. This marks the first drop in sales since February 2023. The reported sales figure is below the forecast of 725,000. The median home price is now at $415,400, down $1,900 from May on a nominal basis.
Wealth Management
JULY 26, 2023
Jim Tausz of Bradford Financial Center explains how he manages money for clients through his firms’ proprietary program.
Advisor Perspectives
JULY 26, 2023
TCW Group, the asset manager with a long history of managing bond funds, is expanding into exchange-traded funds with an agreement to buy an ETF business from activist investor Engine No. 1.
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