The Big Picture

AUGUST 8, 2023

I love FRED — I am a big user of their charts and data (and even their swag ). Where I go full heterodox are in things like the Macroeconomic Uncertainty Index, which is a recent addition to FRED’s awesome database. It is a “monthly measure of how unpredictable overall economic conditions are 1 month, 3 months, and 1 year ahead.” FRED’s post on it observed that “Economists Kyle Jurado, Sydney Ludvigson, and Serena Ng use a set of 132 individual macroeconomic t

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Distribution Economics Communication Media 246

Abnormal Returns

AUGUST 8, 2023

Quant stuff James Picerno, "In short, there are no silver bullets for building a solid backtest." (capitalspectator.com) How ChatGPT can suss out information in company filings. (marginalrevolution.com) Quants have beliefs: in their systems not a narrative. (mrzepczynski.blogspot.com) C-suite How the stock ownership of medical device company CEOs affects recalls.

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Marketing Marketing Medical Economics 225

The Big Picture

AUGUST 8, 2023

My Tuesday morning train reads: • A Fed Official Wonders: ‘Do We Need to Do Another Rate Increase?’ The head of the powerful New York Fed said that it was an “open question,” and that rates could fall next year. ( New York Times ) • Alternatives Have Been ‘Kryptonite’ to Alpha — At Least for Public Pensions : Richard Ennis finds public pension funds in the U.S. have generated negative alpha of approximately 1.2 percent annually since the global financial crisis in 2008. • Alternatives Have Been

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Economy Financial Advisor Investing Investments 244

Abnormal Returns

AUGUST 8, 2023

Strategy Don't make your investments based on who is in the White House. (retirementresearcher.com) When do dividend-focused strategies outperform? (morningstar.com) Semiconductors Arm Holdings is planning investments from Apple, Samsung and Intel on its IPO. (asia.nikkei.com) Taiwan Semi ($TSM) is building a big chip factory in Germany. (retirementresearcher.com) Weight loss In a study, Novo Nordisk’s ($NVO) Wegovy not only helped people lose weight but also reduced their risk of cardiovascular

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Financial Advising Media Insurance Economy 203

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

Nerd's Eye View

AUGUST 8, 2023

Welcome back to the 345th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Lori Van Dusen. Lori is the CEO of LVW Advisors, an independent RIA based in Pittsford, New York, that oversees more than $2 billion in assets under management for over 450 small-to-mid-sized institutions and ultra-high-net-worth families. What's unique about Lori, though, is how through her multi-decade career, she has built a deep expertise in the investment intricacies and complex issue

Investing 197

Investing Investments Financial Advisor Compensation Planning 197

Advisor Perspectives

AUGUST 8, 2023

Here is a tale of two families who were alike in many ways, including political and religious beliefs, income, and net worth. But they were drastically different in how they approached aging.

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The Reformed Broker

AUGUST 8, 2023

Final Trades: CVS, Chubb, Morgan Stanley & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Wealth Management

AUGUST 8, 2023

Banks are facing a tough market in trying to sell their commercial real estate loans, reports Bloomberg. The GOP and commercial real estate executives are teaming up against a Treasury Department proposal to impose new taxes on REITs, according to Commercial Observer. These are among the must reads from around the commercial real estate industry today.

Taxes 98

Taxes Banking Marketing Marketing 98

NAIFA Advisor Today

AUGUST 8, 2023

What is a Modern Elder? The Modern Elder Academy describes modern elders as people in midlife (45–65) or older who are as curious as they are wise.

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Financial Advisor 98

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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

Wealth Management

AUGUST 8, 2023

Arthur Ambarik shares the story of Perigon’s evolution from a small firm with under $150 million in assets under management to its current status of about $6 billion in AUM.

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Assets Management 98

Million Dollar Round Table (MDRT)

AUGUST 8, 2023

By Kate Zabriskie To prospects and clients, financial advisors seem to offer similar products. The difference is in client service. In this area, there may be much room for improvement as sometimes we unnecessarily complicate service and client interactions. When that happens, at best, those decisions make the client experience less enjoyable. At worst, unneeded complexity opens the door to complaints, bad reviews and competitors.

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Clients Communication Financial Advisor Numbers 77

Wealth Management

AUGUST 8, 2023

Coming off the launch of its self-clearing platform and acquisition of SSG, the Los Angeles-headquartered RIA custodian plans to double office space in Culver City and bring employees back to the office.

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Planning 98

A Wealth of Common Sense

AUGUST 8, 2023

In the grand scheme of things consumer debt is still a relatively new phenomenon. Back in the 1800s and early 1900s banks didn’t extend consumer loans widely because most people assumed consumer credit was too dangerous. The assumption was consumers needed protection from themselves. This is still true for some people but the economy never would have grown as much as it has if there wasn’t so much borrowing.

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Economy Banking 70

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

Wealth Management

AUGUST 8, 2023

Flat rent growth in recent months and a higher cost of capital have made even well-capitalized players more cautious.

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Math 98

The Irrelevant Investor

AUGUST 8, 2023

Today’s Animal Spirits is brought to you by YCharts: Submit your email here to receive 20% off a YCharts subscription for new clients On today’s show, we discuss: Even when the stock market goes up it still goes down On the ‘course’ to a new normal Dalio says the $73t great wealth transfer isn’t just from boomers to millennials – it’s from the government to you and me Americans ow.

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Government Clients Marketing Marketing 68

Wealth Management

AUGUST 8, 2023

In all, the CFTC announced penalties of $260 million, while the SEC said that firms had agreed to pay it $289 million.

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Advisor Perspectives

AUGUST 8, 2023

The most frequent question I’m asked when mentoring newer advisors is, “How do I demonstrate my value to prospects?

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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

Wealth Management

AUGUST 8, 2023

And avoid uncomfortable conversations about bill discrepancies.

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Fortune Financial

AUGUST 8, 2023

Healthcare Costs After Retirement — Securing Your Parents’ Future Retirement is a long-awaited phase of life where individuals can enjoy the fruits of their labor and enjoy well-deserved rest. However, one significant concern that often lingers in the minds of retirees and their families is healthcare costs. With medical expenses on the rise, planning for healthcare during retirement becomes crucial to ensure a secure future.

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Healthcare Retirement Medical Insurance 52

Advisor Perspectives

AUGUST 8, 2023

See how to tackle the obstacles advisors commonly cite to making the transition to fee-based with guidance, best practices, and insights to help you pave the way to a fee-based model.

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Trade Brains

AUGUST 8, 2023

Double Top and Double Bottom Chart Patterns: Every trend no matter how significant it is eventually comes to an end. At the end of these trends lies a trading opportunity for reversal. In order to take advantage of these opportunities one has to be able to identify the reversals patterns in the price of the security. While there are various technical tools that can help one in identifying reversals in the market, chart patterns are a classic way to do so.

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Portfolio Marketing Marketing Investing 52

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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

Calculated Risk

AUGUST 8, 2023

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

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ModernAdvisor

AUGUST 8, 2023

Commentary Encouraging inflation data created a note of optimism that this interest rate tightening cycle is peaking. The narrative is how central banks can engineer a so-called Goldilocks scenario of cooling the economy without mis-stepping and becoming overly restrictive. Not too hot, not too cold. The concern is that inflation becomes ingrained and lasts longer than expected.

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Engineering Economy Banking Investing 52

Calculated Risk

AUGUST 8, 2023

From the NY Fed: Total Household Debt Reaches $17.06 Trillion in Q2 2023; Credit Card Debt Exceeds $1 Trillion The Federal Reserve Bank of New York's Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The report shows a slight uptick in total household debt in the second quarter of 2023, increasing by $16 billion (0.1%) to $17.06 trillion.

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Accounting Retail Banking Numbers 52

Advisor Perspectives

AUGUST 8, 2023

The headline number for the NFIB Small Business Survey increased to 91.9 in July. The latest reading was just above the forecast of 90.6. This marks the 19th consecutive month the index has been below the series average of 98. The index is at the 14th percentile in this series.

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Numbers 52

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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

Calculated Risk

AUGUST 8, 2023

From Dodge Data Analytics: Dodge Momentum Index Recedes 1% in July The Dodge Momentum Index (DMI), issued by Dodge Construction Network, declined 0.9% in July to 193.4 (2000=100) from the revised June reading of 195.1. Over the month, the commercial component of the DMI remained relatively flat, ticking down 0.2%, while the institutional component fell 1.9%.

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Healthcare Education Planning Economics 52

Zoe Financial

AUGUST 8, 2023

Market Drama Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA August 8, 2023 Watch Time: 2 minutes Welcome to this week’s Market Drama! The Stock Market: The S&P 500 was down and so was Nasdaq. The sell-off in stocks and bonds came in the back of Fitch downgrading the U.S. government credit rating. We had mixed data for jobs and wages.

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Marketing Marketing Financial Advisor Wealth Advisor 52

Tobias Financial

AUGUST 8, 2023

Our team at Tobias Financial Advisors is always looking for ways to improve our service. After recently launching our updated financial portal to provide an enhanced experience when viewing your account information, we are excited to announce that our Tobias Mobile application is also updated and ready to download! Through it, you will have access to your investment portfolio anytime, anywhere you go.

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Financial Advisor Accounting Portfolio Clients 52