The Big Picture
NOVEMBER 14, 2022
I wonder how far my view of the universe is from (objective) reality. My pal Dave Nadig suggests that we are all much further away from any sort of recognition of the true universe than we suspect. We chatted about this last week, and the more I thought about it, the further away from reality it turns out that we actually are. Best I can figure, we may all be at least six degrees 1 away from truly comprehending, well, anything: 1.
Nerd's Eye View
NOVEMBER 14, 2022
In the not-so-distant past, the typical career path toward becoming a financial advisor was to build up a book of business on one’s own, often by either tapping into one’s own personal networks or cold-calling prospective clients in bulk to generate enough business to gain a foothold. But the obvious flaw with this ‘eat-what-you-kill’ model was that newer advisors overwhelmingly succeeded or failed – not by virtue of the quality of advice they gave to their clients,
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The Big Picture
NOVEMBER 14, 2022
My back-to-work morning train WFH reads: • Big Investors Are Giving Up on Crypto Markets Going Mainstream : Bitcoin as a portfolio diversifier hasn’t worked for investors Crypto won’t ‘find a home in institutional asset allocation’. ( Bloomberg ). • Good News is Good News : Good News ( Irrelevant Investor ) but see also Move Over, Inflation: Here Comes the Earnings Crunch : Even as markets delight in the prospect of smaller rate increases from the Federal Reserve, earnings are becoming more of
Alpha Architect
NOVEMBER 14, 2022
Industry and factor momentum should be viewed as recent developments in the wider momentum story, although these aggregated measures of momentum lack any theoretical foundation. Is there a theoretical foundation behind industry and factor momentum was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Advisor Perspectives
NOVEMBER 14, 2022
A matter that can have large impacts on the marginal tax rates faced by individuals who obtain health insurance coverage through the ACA exchanges is the reduction of the tax credits (or subsidies) for health insurance coverage as incomes increase.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Advisor Perspectives
NOVEMBER 14, 2022
Toyota Motor Corp. is about to take the wraps off a revamped Prius, the latest iteration of a car that normalized the idea of owning an environmentally conscious vehicle more than two decades ago.
Calculated Risk
NOVEMBER 14, 2022
These indicators are mostly for travel and entertainment. It was interesting to watch these sectors recover as the pandemic impact subsided. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. This data is as of November 13th. Click on graph for larger image. This data shows the 7-day average of daily total traveler throughput from the TSA for 2019 (Light Blue), 2020 (Black), 2021 (Blue) and 2022 (Red).
Wealth Management
NOVEMBER 14, 2022
The Federal Housing Finance Agency has cut down multifamily lending caps for Fannie Mae and Freddie Mac. Los Angeles Times look at how Redondo Beach, Calif., has tried to prevent the town’s growth. These are among today’s must reads from around the commercial real estate industry.
Calculated Risk
NOVEMBER 14, 2022
Active inventory decreased slightly. Here are the same week inventory changes for the last four years ( usually inventory declines seasonally through the Winter ): 2022: -3.5K (smaller than usual decrease in inventory) 2021: -6.9K 2020: -5.1K 2019: -6.3K Altos reports inventory is down 0.6% week-over-week. Click on graph for larger image. This inventory graph is courtesy of Altos Research.
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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.
Wealth Management
NOVEMBER 14, 2022
Miami voters last week nixed a trio of proposed projects by Starwood, Related Cos. and Don Peebles, reports The Wall Street Journal. WeWork is launching a new offering aimed at finance and law firms, according to Bisnow. These are among today’s must reads from around the commercial real estate industry.
Advisor Perspectives
NOVEMBER 14, 2022
As a result of higher mortgage rates, an oversupply of housing and falling demand, the downturn in the housing market is only just getting started.
eMoney Advisor
NOVEMBER 14, 2022
Financial professionals are forever searching for better ways to serve clients and grow their businesses. Our research shows that advisors who adopt a planning-led approach are able to offer more complex plans to more people—and charge a premium for those plans. Shifting your focus to creating plans that demonstrate a holistic understanding of your client’s financial life, desired goals, and the trends that may influence them, as well as your experienced-based recommendations, will unloc
XY Planning Network
NOVEMBER 14, 2022
3 MIN READ. “Knowledge is Power, Power provides Information; Information leads to Education, Education breeds Wisdom; Wisdom is Liberation. People are not liberated because of lack of knowledge.”? Israelmore Ayivor. I love learning and growing my brain, don’t you? I also love when I can immediately apply what I’ve learned, especially when I get the opportunity to do so in a professional setting.
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
NOVEMBER 14, 2022
The regulatory organization’s interest in firms’ communications on “crypto asset products and services” follows the collapse of FTX last week.
A Wealth of Common Sense
NOVEMBER 14, 2022
Today’s Talk Your Book is brought to you by Innovator Capital Management. We had Co-Founder and CEO Bruce Bond back on the show to give us an update on buffered ETFs. On today’s show we discuss: How advisors are using the buffer ETFs in this market How the known outcome buffers work How volatility has affected the upside caps Fixed income v buffered ETFs Innovators new managed product Floors vs buffers How mar.
Wealth Management
NOVEMBER 14, 2022
The Shanghai-based group has been informally fielding interest from potential buyers of Club Med. It could seek to value the business at around $1.5 billion in any transaction, according to the people.
Advisor Perspectives
NOVEMBER 14, 2022
While many investors think that IPOs are exciting, they are risky investments. Academic research shows overwhelmingly that the returns to investors are not commensurate with the risk.
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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
NOVEMBER 14, 2022
Make sure you can defend your TAMP selection in terms that benefit your clients. If you can’t, move now before an SEC examiner knocks on your door.
Cornerstone Financial Advisory
NOVEMBER 14, 2022
Weekly Market Insights: Cooling Inflation Brings Market Gains. Presented by Cornerstone Financial Advisory, LLC. A cooling inflation number ignited a powerful rally on Thursday, sending stocks to strong gains for the week. The Dow Jones Industrial Average gained 4.15%, while the Standard & Poor’s 500 added 5.90%. The Nasdaq Composite index rose 8.10% for the week.
Wealth Management
NOVEMBER 14, 2022
Our panel of technology experts discuss the latest developments in integrated technology and optimal ways to streamline your front and back office.
Don Connelly & Associates
NOVEMBER 14, 2022
Any successful person would agree that making mistakes—and learning from them—is as vital to one’s growth and development as any training or life experience. That’s good because we’re human, and we all make mistakes. Even the brightest and most conscientious financial advisors make mistakes periodically. While mistakes that impact clients can be serious, they don’t have to be the end of the world or a career.
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Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!
Wealth Management
NOVEMBER 14, 2022
The collapse of FTX will catalyze regulators to come into the space aggressively, but the crypto industry will be better off on the other side of it, argues Bitwise Chief Investment Officer Matt Hougan.
Advisor Perspectives
NOVEMBER 14, 2022
US stocks will end 2023 almost unchanged from their current level -- but will have a bumpy ride to get there, according to Morgan Stanley’s Michael Wilson.
Wealth Management
NOVEMBER 14, 2022
The Alec Baldwin/Rust tragedy highlights the power of the three 'R's of reputation rehabilitation.
Advisor Perspectives
NOVEMBER 14, 2022
The latest full set UIG for October is 4.22% while the prices-only measure is 5.72%. Current Headline CPI is now 7.7% and Core CPI is 6.3%.
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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
NOVEMBER 14, 2022
How will the defined contribution industry sell and service small and start up plans?
Norman Marks
NOVEMBER 14, 2022
Are internal auditors fooling themselves when they say they are using a risk-based approach? My good friend and esteemed[1] risk management practitioner and thought leader, Alexei Sidorenko, challenged me to disagree and comment on one of his latest posts: Creating a risk-based audit plan, is it a myth? Have a look at what he wrote […].
Calculated Risk
NOVEMBER 14, 2022
From Matthew Graham at Mortgage News Daily: Mortgage Rates Roughly Unchanged After Last Week's Huge Drop If you're just getting caught up, last Thursday was one for the record books--at least when it comes to the daily records that exist going back to 2009. No other day has seen as big of a drop in the average 30yr fixed mortgage rate (0.60%). The bonds that dictate mortgage rates lost quite a bit of ground today, but that didn't translate to any meaningful damage.
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