Nerd's Eye View

MARCH 7, 2024

For many financial advisors, the traditional way of doing business has generally been based on a transaction-based service model involving functional solutions to clients' practical problems. In more recent years, though, advisors have begun to focus on developing stronger and more meaningful relationships, recognizing the advantage of better understanding clients' values and priorities when it comes to solving for their long-term goals.

Financial Planning 130

Financial Planning Planning Clients Marketing 130

Carson Wealth

MARCH 7, 2024

By Jake Anderson, CFP ® , Wealth Planner When helping clients begin retirement planning, the same questions often arise: What should my retirement plan look like? How much should I be saving? Although there are some basic guidelines, your financial life is as unique as your fingerprint. Your lifestyle, goals, family situation, and risk tolerance will give a unique signature to your retirement plan.

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Retirement Planning Retirement Planning Risk Tolerance 143

Fortune Financial

MARCH 7, 2024

Signed into law in 1956 by then President Dwight Eisenhower, the Federal Highway Act created the Interstate Highway System , which would become the largest and costliest public works project in history. Measuring almost 48,000 miles in total distance, the Interstate Highway System was completed only in 1992, more than three decades after work began, and for a total cost in today’s dollars of more than $500 billion. ( source: Wikipedia Commons ) Inspired in large part by the German Autoba

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Retail Distribution Financial Advisor Manufacturing 141

Calculated Risk

MARCH 7, 2024

From Manheim Consulting today: Wholesale Used-Vehicle Prices Declined in February Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were down in February compared to January. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.8, a decline of 13.1% from a year ago. The index was down 0.1% against the month of January 2024.

Consulting 134

Consulting Retail Taxes Economics 134

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.

Accounting

Wealth Management

MARCH 7, 2024

Alan Moore says XYPN’s new corporate RIA ‘Sapphire’ will be easy to join, and easy to leave. “I never wanted to build a platform that used handcuffs and scare tactics to keep people.

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Wealth Management

MARCH 7, 2024

The advocacy group for advisors argued the rule is overly broad. In contrast, the outgoing director of the SEC's Investment Management Division said the degree of risk in AI’s proliferation is “obvious.

Fiduciary Duty 114

Fiduciary Duty Management Investing Investments 114

Random Roger's Retirement Planning

MARCH 7, 2024

If you ask most market participants, I think they'd say they are "long term" investors but what does long term mean? There are of course many definitions. For me, I tend to hold for many many years. Quite a few client holdings have been in the portfolio for more than 15 years. Have you ever heard/read something like, if you'd put $1000 into some stock 25 years ago and just held it, you'd have some huge dollar amount today?

Medical 95

Medical Clients Taxes Portfolio 95

Wealth Management

MARCH 7, 2024

In the Advisor Transition Report’s companion podcast episode, Louis and Jason Diamond explore the key takeaways and their anticipated influence on activity during 2024 and beyond.

Financial Advisor 106

Financial Advisor 106

MainStreet Financial Planning

MARCH 7, 2024

February’s Chalk Talk on the State of the Insurance Industry included the subheading “Will My Insurance Company Cancel My Homeowners Policy” which was the real meat of our Chalk Talk and also what many attendees are concerned about when it comes to home insurance. We’ve heard about insurance companies eliminating coverage in wildfire-prone areas, exiting the state and other insurance companies that limit, drop or no longer sell new policies to homeowners.

Insurance 88

Insurance Financial Planning Clients Planning 88

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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

Wealth Management

MARCH 7, 2024

The T3 Bitcoin Volatility Index, which uses options prices to give a sense of expected 30-day swings in the token, has jumped to the highest level since the aftermath of the collapse of FTX.

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The Irrelevant Investor

MARCH 7, 2024

Today’s Compound and Friends is brought to you by The Tema Cardiovascular and Metabolic HRTS ETF: See here for more information on investing in companies leading the charge against heart disease, diabetes, and obesity. On today’s show, we discuss: A quarter of Robinhoods trading volume often comes after-hours Robinhood logs $10B in overnight trading volume since May launch Number of Bitcoin purchased.

Numbers 80

Numbers Investing Investments 80

Wealth Management

MARCH 7, 2024

Created last year, the self-described digital family office has dramatically overshot recruitment goals with spate of Empower expats.

Recruitment 114

Recruitment Planning 114

Calculated Risk

MARCH 7, 2024

The Federal Reserve released the Q4 2023 Flow of Funds report today: Financial Accounts of the United States. The net worth of households and nonprofits rose to $156.2 trillion during the fourth quarter of 2023. The value of directly and indirectly held corporate equities increased $4.7 trillion and the value of real estate decreased $0.6 trillion. Household debt increased 2.4 percent at an annual rate in the fourth quarter of 2023.

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Nonprofit Assets Accounting 77

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

Wealth Management

MARCH 7, 2024

Salameh, the Wealthies' CMO of the Year in 2023, will serve as chief growth officer at the hybrid RIA platform.

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Advisor Perspectives

MARCH 7, 2024

In the week ending March 2, initial jobless claims were at a seasonally adjusted level of 217,000, unchanged from the previous week's revised figure. The latest reading is consistent with the forecast.

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Wealth Management

MARCH 7, 2024

While AI will prove a boon to advisors in many ways, fraudsters and scammers will make the most of it, too.

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Calculated Risk

MARCH 7, 2024

The DOL reported : In the week ending March 2, the advance figure for seasonally adjusted initial claims was 217,000 , unchanged from the previous week's revised level. The previous week's level was revised up by 2,000 from 215,000 to 217,000. The 4-week moving average was 212,250, a decrease of 750 from the previous week's revised average. The previous week's average was revised up by 500 from 212,500 to 213,000. emphasis added The following graph shows the 4-week moving average of weekly claim

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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.

Banking

Wealth Management

MARCH 7, 2024

The combined RIA will operate under the Security Financial Management name and serve clients from five Florida locations.

Clients 111

Clients Management 111

Advisor Perspectives

MARCH 7, 2024

The U.S. international trade in goods and services 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. In January, the trade deficit expanded by 5.1% to $67.43B. The latest reading was worse than the forecast of $63.40B.

Economics 64

Economics 64

Wealth Management

MARCH 7, 2024

Cornerstone Advisors, a Baxter, Minn.-based team with about $360 million in client assets, joins from Cetera Investment Advisors.

Investment Advisor 107

Investment Advisor Assets Clients Investing 107

Calculated Risk

MARCH 7, 2024

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET,: Employment Report for February. The consensus is for 188,000 jobs added, and for the unemployment rate to be unchanged at 3.7%.

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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!

Accounting

Wealth Management

MARCH 7, 2024

The partnership will give Orion clients access to CAIS Solutions, enabling management of alternative investments.

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Clients Management Investing Investments 112

Calculated Risk

MARCH 7, 2024

On Friday at 8:30 AM ET, the BLS will release the employment report for February. The consensus is for 188,000 jobs added, and for the unemployment rate to be unchanged at 3.7%. There were 353,000 jobs added in January, and the unemployment rate was at 3.7%. From Goldman Sachs economist Spencer Hill We estimate nonfarm payrolls rose by 215k in February—somewhat above consensus of +200k but well below the +353k pace in January.

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Manufacturing Numbers 61

Wealth Management

MARCH 7, 2024

The regulator continues its focus on AI and off-channel and public-facing communications.

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Communication 111

Calculated Risk

MARCH 7, 2024

Today, in the Real Estate Newsletter: The "Home ATM" Closed in Q4 Excerpt: During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined. Note: Very few homeowners have negative equity now - unlike during the housing bubble.

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Sales Accounting 61

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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

Wealth Management

MARCH 7, 2024

Dive into the critical role of sustainable investments in the evolving financial landscapes.

Investing 96

Investing Investments 96

Advisor Perspectives

MARCH 7, 2024

The S&P 500 real monthly averages of daily closes peaked in November of 2021 and 2022 was a bear market. Let's examine the past to broaden our understanding of the range of historical trends in market performance.

Marketing 59

Marketing Marketing 59

Wealth Management

MARCH 7, 2024

Home and stock values contributed to the increase in net worth from 2019 to 2022.

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