Abnormal Returns
JUNE 14, 2023
Podcasts Christine Benz and Jeff Ptak talk with Ramit Sethi about living a 'rich life' and his new Netflix how 'How to Get Rich.' (morningstar.com) Jesse Cramer on how to have better conversations with aging parents. (bestinterest.libsyn.com) Chad talks with Mike Piper author of "More than Enough: A Brief Guide to the Questions That Arise After Realizing You Have More Than You Need.
Nerd's Eye View
JUNE 14, 2023
One common sales tactic for financial advisors is to offer prospective clients a free (or low-cost) financial plan to demonstrate the advisor’s expertise and to let the prospect ‘test drive’ the advisor’s services. However, creating these pre-commitment strategies and plans can take up a significant amount of an advisor’s time and there is no guarantee that the prospect will actually decide to become a client (in which case the advisor’s work would have genera
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Abnormal Returns
JUNE 14, 2023
Strategy When it comes to investing, more activity doesn't guarantee better results. In fact, just the opposite is true. (awealthofcommonsense.com) Focus on the role bonds play in your portfolio. (sellwoodconsulting.com) Future Proof 2023 The 2023 Future Proof agenda is live and you can sign up now for a $200 discount. (thereformedbroker.com) Japan The Nikkei is up some 30% YTD.
Calculated Risk
JUNE 14, 2023
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 9, 2023. The Market Composite Index, a measure of mortgage loan application volume, increased 7.2 percent on a seasonally adjusted basis from one week earlier.
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.
Advisor Perspectives
JUNE 14, 2023
The Consumer Price Index for Urban Consumers (CPI-U) released for May puts the year-over-year inflation rate at 405%. It is well above the 3.75% average since the end of the Second World War and above its 10-year moving average, now at 2.64%.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
JUNE 14, 2023
Crafford has resigned as head of business consulting after eight years with the RIA custodian. McGovern was head of technology consulting.
MarketWatch
JUNE 14, 2023
Manchester United Ltd.’s stock MANU rallied another 2.3% Wednesday to put it on track for a nearly three-month high, buoyed by a report that Qatar’s Sheikh Jassim bin Hamad al-Thani is set to be announced as the preferred bidder. The report came Monday from Qatar’s Al-Watan newspaper. Sheikh Jassim has been battling British billionaire Sir Jim Ratcliffe for control of the club after the controlling Glazer family said they would consider selling.
Wealth Management
JUNE 14, 2023
Several industry observers close to Cetera say the timeline is set and former Fidelity executive Mike Durbin, CEO of the holding company, will take control of the firm after an upcoming recapitalization with private equity owner Genstar.
NAIFA Advisor Today
JUNE 14, 2023
Ameritas Regional Vice President David Murphy decided to go into the insurance and financial services industry while in college. As a quarterback for Holy Cross football team in Worcester, MA, he became interested when the upperclassmen captain of the team went into the industry, but that’s not the only reason he wanted to be a financial services professional.
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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
JUNE 14, 2023
Bitcoin continued to decline for a second straight week, hovering around $26,000. Here's the latest charts on three of the largest cryptocurrencies by market share through 6/13.
MarketWatch
JUNE 14, 2023
Tesla Inc.’s stock TSLA keeps rallying, as they rose 1.9% in premarket trading Wednesday toward a 14th-straight gain. The electric vehicle giant’s stock, which set a fresh record on Monday with its 12th-straight gain, has rocketed 41.5% over the past 13 trading sessions. Late Tuesday, Tesla raised starting prices in the U.S. for its Model Y EVs by $250, after the company had cut prices earlier this year to boost sales.
Wealth Management
JUNE 14, 2023
Since mid-May, the $2.4 billion AUM firm has launched programs providing education and support to recently retired individuals, next-gen investors and student athletes.
Calculated Risk
JUNE 14, 2023
Today, in the Calculated Risk Real Estate Newsletter: Part 2: Current State of the Housing Market; Overview for mid-June A brief excerpt: Yesterday, in Part 1: Current State of the Housing Market; Overview for mid-June I reviewed home inventory and sales. Most measures of house prices have shown an increase in prices over the last few months, and a key question is off prices will soften again later this year.
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
JUNE 14, 2023
Nationwide's Kristi Rodriguez looks forward regarding retirement income, next-gen clients and how to recruit diverse talent to the financial services industry.
NAIFA Advisor Today
JUNE 14, 2023
Joe Jordan is an inspirational speaker and behavioral finance expert. In 2013, he released his award-winning book Living a Life of Significance , which has sold 90,000-plus copies in five languages. Additionally, Joe is a Founder of the Insured Retirement Institute and was featured on the cover of Life Insurance Selling Magazine. He was also honored by Irish America magazine as one of the “Top 50 Irish Americans on Wall Street.
Wealth Management
JUNE 14, 2023
A strong brand, backed by a thoughtful platform, is critical for firms of any size to compete and succeed in the independent wealth management space.
Darrow Wealth Management
JUNE 14, 2023
There are many ways individuals become suddenly wealthy. Depending on the nature of the windfall, planning opportunities and considerations will vary. For example, the tax laws and distribution terms for an inheritance is quite different to the tax and liquidity considerations during an IPO. Managing sudden wealth paid in cash after the sale of a business or winning the lottery also requires planning, but perhaps with a bit less to unpack in the beginning.
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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
JUNE 14, 2023
iCapital's new Marketplace platform seeks to bridge the gap that separates asset managers, advisors and clients from alternative investments.
Conneqtor
JUNE 14, 2023
In today’s digital age, having a robust online presence is no longer a luxury, but a necessity. The world has become increasingly interconnected, and your potential clients are searching for financial advice and services online more than ever before.
Wealth Management
JUNE 14, 2023
The move comes several months after Cetera announced it would acquire Securian’s retail wealth business, including its broker/dealer and RIA.
MarketWatch
JUNE 14, 2023
U.S. stocks opened lower Wednesday as investors await the Federal Reserve’s interest-rate decision. The Dow Jones Industrial Average DJIA was down 0.5% soon after the opening bell, while the S&P 500 SPX edged down less than 0.1% and the Nasdaq Composite COMP slipped less than 0.1%, according to FactSet data, at last check. The central bank will announce its policy decision on rates at 2 p.m.
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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
JUNE 14, 2023
Unfortunately, too many advisors have little or no relationship with the kids of their clients.
MarketWatch
JUNE 14, 2023
White House press secretary Karine Jean-Pierre on Wednesday said she didn’t have much information when she was asked about Microsoft MSFT co-founder Bill Gates reportedly planning to meet Friday with Chinese President Xi Jinping during a trip to China. “I don’t know if Bill Gates has reached out to us or if we have reached out to him,” she told reporters, adding that Gates can speak for himself about his trip.
Wealth Management
JUNE 14, 2023
Expect the IRS to conduct more audits around cryptocurrencies.
MarketWatch
JUNE 14, 2023
Shares of UnitedHealth Group Inc. UNH took an 8.8% dive toward an 18-month low, as the health insurer said it was facing higher costs from pent-up demand for surgeries. That put the stock on track for the biggest one-day decline since it tumbled 11.1% on March 18, 2020. The insurer’s stock is the highest priced component of the Dow Jones Industrial Average DJIA, which is a price-weighted index, unlike the S&P 500 SPX, which is a market-capitalization weighted index.
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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.
Wealth Management
JUNE 14, 2023
Open, honest and candid discussions about the latest news in the RPA industry.
MarketWatch
JUNE 14, 2023
Charles Schwab Corp. SCHW said Wednesday it expects to report a 10% to 11% decline in second-quarter revenue due to “temporarily compressed” net interest margin and a smaller interest-earning asset base, along with softer trading activity. Analysts currently expect second-quarter revenue of $4.78 billion for Charles Schwab, down 6% from $5.09 billion in the second quarter of 2022, according to FactSet data.
Advisor Perspectives
JUNE 14, 2023
This morning's release of the May Producer Price Index (PPI) for final demand was down 0.3% month-over-month after last month's 0.2% increase in prices (s.a.). Headline PPI for final demand is at 1.1% year-over-year, down from a 2.3% last month (n.s.a.).
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