The Big Picture

MAY 24, 2023

This week saw the release of the Fed’s big annual research report, Economic Well-Being of U.S. Households in 2022. It’s chock full of great charts and analyses, covering everything from Income, Employment, Expenses, Banking and Credit, Housing, Student Loans, Retirement and Investments, and Overall Financial Well-Being. Peter Coy fleshes out lots of the details here: “ Unemployment Is Low, But So Is the National Mood.” He notes: “The Fed report is consistent with ot

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Media Medical Economics Retirement 276

Nerd's Eye View

MAY 24, 2023

Screening calls are a common part of the prospecting process for financial advisory firms, particularly those that receive a large number of inquiries, and can help determine whether a prospective client might be a good fit. At the same time, these calls can be awkward for both the prospect and the advisor, as the prospect might be asked to discuss personal information about their finances with someone they have never met before, and the advisor has to ask potentially thorny questions, such as w

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Abnormal Returns

MAY 24, 2023

Podcasts Michael Batnick and Ben Carlson talks with Ramit Sethi about his new Netflix show 'How to Get Rich.' (awealthofcommonsense.com) Doug Boneparth and Morgan Housel talk with Kevin Kelly author of "Excellent Advice for Living." (youtube.com) Christine Benz and Jeff Ptak talk with Mike Piper author of "More Than Enough: A Brief Guide to the Questions That Arise After Realizing You Have More than You Need.

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Distribution Education Financial Planning Retirement 198

Calculated Risk

MAY 24, 2023

From the Fed: Minutes of the Federal Open Market Committee, May 2-3, 2023. Excerpt: The economic forecast prepared by the staff for the May FOMC meeting continued to assume that the effects of the expected further tightening in bank credit conditions, amid already tight financial conditions, would lead to a mild recession starting later this year, followed by a moderately paced recovery.

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Economics Banking Economy Marketing 136

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

Abnormal Returns

MAY 24, 2023

Markets Bank stocks used to be boring to trade. Not any more. (wsj.com) Companies have not not shy about buying back stock YTD. (wsj.com) Apple Apple ($AAPL) is going to work more closely with Broadcom ($BRCM) on 5G chips. (wsj.com) Microsoft ($MSFT) is in the lead on AI. What's Apple's ($AAPL) next move? (stratechery.com) Why Apple ($AAPL) is seemingly lagging in AI.

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Investing Investments Financial Advising Startup 190

Calculated Risk

MAY 24, 2023

Today, in the Calculated Risk Real Estate Newsletter: Two Key Housing Themes: Low Inventory and Few Distressed Sales Brief excerpt: Every housing cycle is different. One of the key themes in this cycle is that existing home inventory is historically extremely low as many homeowners are “locked in” to their current home with low mortgage rates. Another key theme is that there will be few distressed sales as most homeowners have substantial equity.

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Advisor Perspectives

MAY 24, 2023

The terms private credit and private debt are often used interchangeably to describe direct origination credit strategies. But, the business is also known by another name: non-bank lending.

Banking 96

Banking 96

Calculated Risk

MAY 24, 2023

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 4.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 19, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.6 percent on a seasonally adjusted basis from one week earlier.

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Communication Economy Economics Sales 98

Wealth Management

MAY 24, 2023

HBO's show shines a spotlight on the complexities that come with making decisions about the future of a family enterprise.

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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

MAY 24, 2023

Here are a few strategies to ease the change-management process, bringing advisors of every age and background onto the right path toward adoption.

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Management 98

Wealth Management

MAY 24, 2023

While ESG investing has gotten tangled up in US politics, Bjarne Graven Larsen says it's a a tool through which to find assets that “will be profitable — very profitable — in the future.

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Calculated Risk

MAY 24, 2023

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: AIA/Deltek Architecture Billings Index Reflects Continued Weakness in Business Conditions in April Architecture firms reported a modest decrease in April billings. However, there was a slight increase in inquiries into future project activity according to a report released today from The American Institute of Architects (AIA).

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Economics Investing Investments Clients 86

Wealth Management

MAY 24, 2023

Former Fidelity executive talks about his previous roles, newly created position at Cetera and vision for the future.

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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

Leading Advisor

MAY 24, 2023

Do you want to work with an expert with 30 years of experience advising, coaching, and mentoring financial advisors, including the following steps to hire… The post The following steps will streamline your hiring process appeared first on Leading Advisor - Simon Reilly.

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Financial Advisor 78

Wealth Management

MAY 24, 2023

Trustees and beneficiaries of living trust received property after decedent’s death.

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Taxes 123

MarketWatch

MAY 24, 2023

Microsoft Corp. MSFT security researchers said late Wednesday they uncovered a China state-sponsored hack against critical U.S. infrastructure. In a blog post, Microsoft said it “uncovered stealthy and targeted malicious activity focused on post-compromise credential access and network system discovery aimed at critical infrastructure organizations in the United States.

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Communication Marketing Marketing 75

Wealth Management

MAY 24, 2023

The structure of a portfolio plays an important role in the productivity of a tax-loss harvesting algorithm.

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Taxes Portfolio 105

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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

MarketWatch

MAY 24, 2023

In a note released Wednesday, a team of analysts at JPMorgan Chase & Co. said they see the odds of Washington negotiators failing to reach a deal to lift the debt ceiling by early June at “around 25% and rising.” Under such a scenario, they said, there’s a “very high likelihood” that Treasury would prioritize principal and interest payments, which would avoid a technical default on government debt.

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Government Marketing Marketing 75

Advisor Perspectives

MAY 24, 2023

Bitcoin continued to hover around $27,000 this past week and is up ~63% year-to-date. Here's the latest charts on three of the largest cryptocurrencies by market share through 5/23.

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Marketing Marketing 64

MarketWatch

MAY 24, 2023

The top Triple-A credit ratings of the U.S. were placed on “rating watch negative” by credit firm Fitch Ratings on Wednesday, due to “brinkmanship” in Washington, over raising the government’s borrowing limit and the nation’s growing debt burden.After the U.S. reached its $31.4 trillion debt limit in January, the Treasury has been taking “extraordinary measures” to avoid breaching the debt ceiling, but is expected to exhaust its options as soon as June 1, 2023, or the “X-date,” with cash balance

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Government Marketing Marketing 75

Wealth Management

MAY 24, 2023

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

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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

MarketWatch

MAY 24, 2023

First Citizens Bancshares Inc. FCNCA laid off nearly 500 former Silicon Valley Bank staff on Wednesday, Axios reported, with most in the failed bank’s commercial banking segment. The move was made after First Citizens Bank in March agreed to buy up virtually all the loans and other assets from the institution set up by the FDIC to replace SVB — Silicon Valley Bridge Bank N.A.

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Banking Assets Marketing Marketing 75

Trade Brains

MAY 24, 2023

Fundamental Analysis of Swaraj Engines : The name “Mera Swaraj” is the most well-known household name in India. India is a land of agriculture, and to revolutionize the farming sector, a company inspired by Mahatma Gandhi’s economic freedom began to manufacture tractors under the brand name “Swaraj” in the last seven decades.

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Engineering Planning Manufacturing Accounting 59

MarketWatch

MAY 24, 2023

Shares of Kohl’s Corp. KSS shot up 12.4% in premarket trading Wednesday, after the department-store chain reported a surprise fiscal first-quarter profit, even as sales fell a bit below forecasts. Net income for the quarter to April 29 was $14 million, or 13 cents a share, after income of $14 million, or 11 cents a share, in the year-ago period, as the shares used in calculation of earnings per share fell 14% to 111 million.

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Retail Sales Marketing Marketing 75

Nationwide Financial

MAY 24, 2023

The recent easing in stock market volatility, as indicated by the downward trend of the CBOE Volatility Index (VIX), may be perplexing or frustrating to some investors, depending on their views. Given the macroeconomic backdrop, the market’s calm spell (although with a slow climb) may seem puzzling, but it looks like what traders call a “coiled spring.” A coiled-spring market has a high potential for solid movement in one direction after a long stagnant spell or a significant s

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Portfolio Marketing Marketing Economy 59

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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

MarketWatch

MAY 24, 2023

Citigroup Inc. C announced Wednesday that it will pursue an initial public offering (IPO) of its consumer, small business and middle-market banking operations in Mexico. Citi’s stock slumped 1.3% in premarket trading. The banking giant said the business will keep its name Banco Nacional de México, also known as Banamex. The IPO will follow the planned separation of its institutional business, which will remain part of Citi.

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Banking Planning Marketing Marketing 75

Wealth Management

MAY 24, 2023

An updated, standardized approach to increase efficiency and reduce risk.

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Advisor Perspectives

MAY 24, 2023

Microsoft Corp. is bringing its Bing search engine to OpenAI Inc.’s ChatGPT, further tightening ties with the artificial intelligence startup in a bid to challenge Google.

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