Abnormal Returns

OCTOBER 25, 2023

Podcasts Peter Lazaroff talks with Hal Hershfield author of "Your Future Self: How to Make Tomorrow Better Today." (peterlazaroff.com) Robin Powell and Abraham Okusanya talk with Victor Haghani co-author of "The Missing Billionaires: A Guide to Better Financial Decisions." (evidenceinvestor.com) Morgan Housel on the flaws that compound over time. (open.spotify.com) Retirement Jim Dahle, "For you to run out of money, two “bad” things have to happen: crummy returns AND a long life.

Retirement 231

Retirement Budgeting Planning Accounting 231

Nerd's Eye View

OCTOBER 25, 2023

There is a general understanding that investment advisers have a fiduciary relationship with their clients – in other words, that they are required to act in the client's best interests. But although this concept makes sense in the abstract, it isn't always clear what an adviser needs to do to fulfill their fiduciary duty in real-life situations.

Fiduciary Duty 208

Fiduciary Duty Commission Clients Accounting 208

Abnormal Returns

OCTOBER 25, 2023

Strategy A big regime shift has happened in the economy and financial markets. (ritholtz.com) Rapid company growth comes with its own risks. (onveston.substack.com) Not all share buybacks are created equal. (investmenttalk.co) Finance Poor recent performance has put the IPO market back on ice. (finance.yahoo.com) Banks are still sitting on the Twitter debt they underwrote.

Portfolio 228

Portfolio Financial Advising Economy Media 228

The Big Picture

OCTOBER 25, 2023

My mid-week morning train WFH reads: • Jay Powell’s Greenspan moment : The Fed is increasingly concerned about “above-trend” growth. In the mid-1990s, Greenspan grappled with it, too, and wisely held off on raising rates. That’s the right move again today. ( Stay-At-Home Macro ) • The Gems Hiding in Plain Sight in the Treasury Market : Back in 1994, bonds with fabulous yields were there for the taking.

Insurance 130

Insurance Government Marketing Marketing 130

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

Advisor Perspectives

OCTOBER 25, 2023

In the fiscal year that just ended, the US government borrowed $1.7 trillion, more than 6% of gross domestic product. Bear in mind, that was with an economy running hot, with high inflation and more than full employment.

Government 122

Government Economy 122

Wealth Management

OCTOBER 25, 2023

Despite the downgrade, the ratings agencies believe the improved scale and synergies from Cetera’s Avantax acquisition will outweigh any additional leverage it will take on.

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Carson Wealth

OCTOBER 25, 2023

By Beth Schanou, JD, CExP, Senior Wealth Planner Clients frequently ask whether they should leave their assets in a trust. My answer: It depends. If your net worth plus the death benefit of life insurance policies you own exceeds $13 million, putting your assets in specific types of trusts can be helpful for federal estate tax issues. But for most Americans, federal estate taxes will not be a major concern.

Estate Planning 106

Estate Planning Planning Assets Taxes 106

Calculated Risk

OCTOBER 25, 2023

Today, in the Calculated Risk Real Estate Newsletter: New Home Sales increase to 759,000 Annual Rate in September Brief excerpt: The Census Bureau reports New Home Sales in September were at a seasonally adjusted annual rate (SAAR) of 759 thousand. The previous three months were revised down slightly, combined. The next graph shows new home sales for 2022 and 2023 by month (Seasonally Adjusted Annual Rate).

Sales 104

Sales 104

Wealth Management

OCTOBER 25, 2023

Highly functional teams leverage these year-end meetings to celebrate successes, learn from failures and set the stage for the year ahead.

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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

Advisor Perspectives

OCTOBER 25, 2023

The relationship and the recent divergence between real rates and stock valuations is critical. Be ready for the historical trend to reassert itself.

Valuation 105

Valuation 105

Wealth Management

OCTOBER 25, 2023

A new Schwab survey finds millennials are investing in products that both guarantee income and align with their values.

Investing 118

Investing Investments 118

Integrity Financial Planning

OCTOBER 25, 2023

Retirement is a golden period of life, brimming with opportunities for exploring new hobbies and revisiting old ones. Maybe you’re interested in exploring model trains. Maybe you’re looking to travel the world. This phase affords retirees the time and freedom to dive into activities that can enrich their lives both mentally and physically.

Financial Planning 94

Financial Planning Retirement Planning Accounting 94

Wealth Management

OCTOBER 25, 2023

The downgrade comes as investors wait for management to name a successor to James Gorman, who said in May he planned to step down in the next 12 months.

Planning 103

Planning Management 103

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

Calculated Risk

OCTOBER 25, 2023

From WardsAuto: October U.S. Light-Vehicle Sales Looking Good Despite Strike-Related Inventory Losses (pay content). Brief excerpt: Sales are showing surprising strength in October despite the inventory hits taken at Ford, GM and Stellantis from strike-related plant shutdowns. Still, industry inventory at the end of the month will be lower by an estimated 5% because of the shutdowns, and November deliveries will be negatively impacted, too, as the rest of the industry will not be in a strong pos

Sales 80

Sales Marketing Marketing 80

Wealth Management

OCTOBER 25, 2023

Too little attention often is paid to assets outside of the jurisdiction where the parties intend to reside.

Assets 117

Assets 117

Calculated Risk

OCTOBER 25, 2023

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 1.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 20, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.0 percent on a seasonally adjusted basis from one week earlier.

Marketing 73

Marketing Marketing 73

Wealth Management

OCTOBER 25, 2023

At this stage of clients’ lives, addressing their fears is just as important as their goals.

Planning 120

Planning Clients 120

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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

Validea

OCTOBER 25, 2023

By Justin Carbonneau ( Twitter | LinkedIn | YouTube ) — There are eleven sectors (Energy, Health Care, Consumer Staples, Technology, Consumer Discretionary, Industrials, Communication, Services, Financials, Real Estate, Utilities, and Materials) that make up the S&P 500. With over $230 billion in total assets, the SPDR Select Sector ETFs are considered the go-to funds for investors looking to make sector bets or investment allocations.

Investing 72

Investing Investments Communication Assets 72

Wealth Management

OCTOBER 25, 2023

Doing your due diligence before donating is more important than ever.

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A Wealth of Common Sense

OCTOBER 25, 2023

Today’s Animal Spirits is brought to you by YCharts and The College for Financial Planning: See here to learn more about how advisors use YCharts to save clients money on taxes See here to learn more about the Accredited Behavioral Financial Professional designation and here for a Master in Personal Financial Planning Email us at info@ritholtzwealth.com to set up an in-person meeting with us while in Charlotte!

Financial Planning 73

Financial Planning Taxes Planning Clients 73

Wealth Management

OCTOBER 25, 2023

But CEO Paul Reilly said the firm is seeing a significant number of large practices in the pipeline.

Recruitment 107

Recruitment Numbers 107

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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

Advisor Perspectives

OCTOBER 25, 2023

Being part of a football coaching staff fascinates me.

Clients 121

Clients 121

Wealth Management

OCTOBER 25, 2023

PE firms like KKR are gaining access to vast IRA wealth through Schwab and Fidelity.

Retirement 107

Retirement 107

Advisor Perspectives

OCTOBER 25, 2023

Andrew Altfest has had a unique journey through the advisory profession. He joined the firm founded by his father, Lew Altfest, and rose to become president of Altfest Personal Wealth Management. He then founded the technology firm, FP Alpha, and became its CEO. Andrew will walk us through his journey to become an advisor and how that experience led to the creation and evolution of FP Alpha.

Wealth Management 64

Wealth Management Management Clients 64

Wealth Management

OCTOBER 25, 2023

Open, honest and candid discussions about the latest news in the RPA industry.

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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

Advisor Perspectives

OCTOBER 25, 2023

I’ve identified nine skills and practices that will help you become a great leader and foster a culture that’s conducive to developing future leaders, not just followers.

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Wealth Management

OCTOBER 25, 2023

These funds took in the most money over the past 30 days.

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Advisor Perspectives

OCTOBER 25, 2023

The September release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 759,000 units, the fastest pace since February 2022. New home sales were up 13.2% month-over-month from a revised rate of 676,000 in August and up 33.9% from one year ago. The median home price is now at $418,800, down 3.5% from August after adjusting for inflation.

Sales 64

Sales 64