The Reformed Broker
MAY 17, 2023
Just wanted to take a moment to recognize the incredible work my media and research teams have been doing to propel The Compound channel past 120,000 subscribers this month. And that 120k is just a fragment of the audience because almost everything we do on video is also on the audio podcast channels too. For those who are new to what we’re doing at the Compound YouTube channel each week, below is the schedule of w.
The Big Picture
MAY 17, 2023
Jerome Powell and the Federal Reserve spend a lot of time worrying about Inflation Expectations. They shouldn’t. Sentiment surveys in general are mostly useless (except at the extremes). They aren’t merely lagging, backward-looking indicators, but instead, tell you what the public experienced 3- 6 months ago. Beyond short-term extrapolation, they have little to no ability to provide insight into intermediate-term (6-12 months) inflation.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Nerd's Eye View
MAY 17, 2023
Amid a tight job market and low unemployment rates, a significant amount of the U.S. ‘talent gap’ is filled by foreign-born workers on employment visas like the H-1B. These visas allow foreign workers to live and work in the country temporarily while they are employed – although in practice, this can mean that individuals can spend years or decades (or even their entire career) working in the U.S. on a ‘temporary’ visa.
Abnormal Returns
MAY 17, 2023
Podcasts Peter Lazaroff on the problem with bond index funds. (peterlazaroff.com) Morgan Housel talks about some impactful ideas, succinctly stated. (open.spotify.com) Housing People looking to buy a house right now have three options. (awealthofcommonsense.com) Moving comes with a whole host of unexpected costs. (blairbellecurve.com) What does it really cost to own a home?
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.
The Big Picture
MAY 17, 2023
My mid-week morning train reads: • The Rise of FTX, and Sam Bankman-Fried, Was a Great Story. Its Implosion Is Even Better. About a year after the author Michael Lewis began to shadow Bankman-Fried, the founder of the crypto exchange FTX, Bankman-Fried was arrested. As the story evolved, Lewis has had a front-row seat to the drama. ( New York Times ) • The Return to the Office Has Stalled : Offices remain half empty as companies settle into hybrid work plans. ( Wall Street Journal ) see also Is
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Meb Faber Research
MAY 17, 2023
Episode #481: Sarah Stanley Fallaw – The Psychology of the Millionaire Next Door Guest: Sarah Stanley Fallaw, Ph.D., is the author of The Next Millionaire Next Door and the founder and President of DataPoints LLC, a company that provides technologically-enabled financial psychology tools to enhance wealth-building. In her role at DataPoints and her research, […] The post Episode #481: Sarah Stanley Fallaw – The Psychology of the Millionaire Next Door appeared first on Meb Fabe
Wealth Management
MAY 17, 2023
Panelists spoke about advanced analytics’ impact on the industry during FINRA’s annual conference, while SEC Chair Gary Gensler said he’d asked commission staff to consider recommendations on rules for predictive data analytics conflicts.
MarketWatch
MAY 17, 2023
Shares of Tesla Inc. TSLA rose 1.3% in premarket trading Wednesday, after Chief Executive Officer Elon Musk said overnight that the electric vehicle maker would “try” advertising and teased two new products. CFRA analyst Garrett Nelson reiterated his strong buy rating on the stock, saying he considers Musk’s comments at Tesla’s annual meeting a positive.
Wealth Management
MAY 17, 2023
The tool includes the option to run plans through real-life historical scenarios including the Great Depression, the post-war period, 1970s stagflation, the dot-com bubble and the 2008 financial crisis.
Advertisement
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.
Trade Brains
MAY 17, 2023
Fundamental Analysis Of Sonata Software : When the US economy took a hit, a direct impact could be seen on some of the most prominent Indian IT companies. The IT Industry in India took a significant beating due to the recession and economic slowdown. Some companies managed to sustain themselves during this period and thrive beyond their goliath-sized competitors.
MarketWatch
MAY 17, 2023
Facebook owner Meta Platforms Inc. META is bracing for a record privacy fine from the European Union for failing to comply with a court warning intended to protecting consumers’ data from U.S. security services once it’s shipped to servers across the Atlantic. The Irish Data Protection Commission, which oversees the EU operations of most Silicon Valley firms, is also expected to order Meta to cease all data transfers to the U.S. that rely on supposedly unsafe contractual clauses questioned by th
Wealth Management
MAY 17, 2023
When a close family member spiraled into a mental health crisis, advisor Paul Peeler was forced to deal with the crippling emotions and a rollercoaster ride of medications and doctors.
MainStreet Financial Planning
MAY 17, 2023
We speak daily with clients who are contemplating where they might live in retirement. Now is the time to explore various retirement housing options and strategies for aging individuals. From aging in place to retirement communities, consider your individual preferences and needs when choosing the most suitable housing option. What Is Important to You?
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
MAY 17, 2023
After growing nearly 800% in five years, PCIA plans to move about $1 billion in client assets to Goldman Sachs to improve custodial services and access.
Calculated Risk
MAY 17, 2023
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 5.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 12, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 5.7 percent on a seasonally adjusted basis from one week earlier.
Advisor Perspectives
MAY 17, 2023
Earlier today, the U.S. Census Bureau and the Department of Housing and Urban Development published their April findings for new residential housing starts and building permits. Over the long haul, the two series offer a compelling study of trends in residential real estate. Here is an overlay of the two series since the 1959 inception of the starts and permits data, which was tracked beginning a year later.
AdvicePay
MAY 17, 2023
Historically, financial advisory firms faced significant challenges in implementing and scaling fee-for-service financial planning due to the complexities of management and compliance associated with fee-for-service billing. This limitation resulted in planning representing only a small fraction of these firms' overall revenue. However, with the advent of AdvicePay (a game-changing platform, some would say ?
Advertisement
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
MAY 17, 2023
A recent J.P. Morgan Wealth Management white paper provides tips on how to navigate them.
A Wealth of Common Sense
MAY 17, 2023
Today’s Animal Spirits is brought to you by Global X ETFs: See here for more information on Global X ETFs suite of thematic strategies On today’s show, we discuss: Real estates lead as best investment shrinks, gold rises Investors are nervous – and that could support stocks There is nothing typical for stocks when the Fed stops raising rates Robinhood to launch 24-hour trading on weekdays in stocks and ETFs.
Wealth Management
MAY 17, 2023
Envestnet's Rose Palazzo details how the company helps advisors develop deeper client relationships.
MarketWatch
MAY 17, 2023
Gold futures declined for a second straight session on Wednesday to settle at their lowest in seven weeks. “Although the uncertainty with respect to the [U.S.] debt ceiling talks should be a positive for gold, we think this week’s stronger dollar and rising U.S. interest rates are more than compensating, leading to the weaker tone” for the precious metal, said Edward Meir, metals analyst at Marex.
Advertisement
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
MAY 17, 2023
Open, honest and candid discussions about the latest news in the RPA industry.
MarketWatch
MAY 17, 2023
Shares of Walmart Inc. WMT fell 0.5% in midday trading, a day before the discount retail giant is scheduled to report fiscal first-quarter results. The stock was unable to sustain an earlier intraday gain of as much as 0.9%, that was initially fueled by a rise in rival Target Corp.’s stock TGT after its earnings report and a broader stock market rally.
Advisor Perspectives
MAY 17, 2023
The patent that’s given Vanguard Group an edge over competitors for the past 20 years — and helped its clients pull in more than $100 billion worth of additional investment gains — expired today.
MarketWatch
MAY 17, 2023
Tesla Inc.’s TSLA decision announced by Chief Executive Elon Musk at its annual shareholder meeting late Tuesday to start advertising may be interpreted as a bad signal, but it comes after months of its shareholders pushing for the company to “clarify many of its selling points which the public may be unaware of,” wrote Baird analyst Ben Kallo in a note to clients.
Advertisement
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
MAY 17, 2023
Adam Antoniades will remain CEO at Cetera Financial Group.
MarketWatch
MAY 17, 2023
Boot Barn Holdings Inc. BOOT shares dropped more than 10% in the extended session Wednesday after the retailer reported a mixed fourth quarter and its same-store sales dropped more than expected. Boot Barn earned $46.4 million, or $1.53 a share, in the quarter, compared with $44.7 million, or $1.47 a share, in the prior-year period. Adjusted for one-time items, the company earned $1.51 a share.
Advisor Perspectives
MAY 17, 2023
No one is bragging about the index fund they own to their friends.
Expert insights. Personalized for you.
361 
Let's personalize your content