Abnormal Returns
NOVEMBER 20, 2023
Markets The U.S. stock market hasn't made a new high in nearly 500 trading days. (awealthofcommonsense.com) How this yield curve steepening is different. (integratinginvestor.com) Strategy ESG or not, people are going to invest according to their values. (ritholtz.com) On the downside of focusing on high dividend yields. (insights.finominal.com) Crypto Do futures-backed Bitcoin ETFs have a future?
Nerd's Eye View
NOVEMBER 20, 2023
As marketing and prospecting processes become increasingly digital for financial advisors, many prospective clients learn about advisors and what they offer not from an introductory call, webinar, or speaking event but from the advisor's website itself. Talking about money is often highly personal and can leave individuals feeling vulnerable, so choosing who to serve in such a high-trust role as a financial advisor can have immense stakes.
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The Big Picture
NOVEMBER 20, 2023
Most people don’t know that it is the editors, not the writers, who craft headlines. This should be common knowledge among media consumers (but it’s not). Perhaps this is why well-written articles are often skewed or even undone by clickbait headlines. Case in point: Wall Street’s ESG Craze Is Fading As the article points out, “investors withdrew more than $14 billion from sustainable funds this year” after weak performance traced in part to higher interest rates.1 But the article also points o
The Reformed Broker
NOVEMBER 20, 2023
“Armed to the teeth.” This is the phrase that came to mind as I was watching Josh Smith walk us through the demo of VRGL last week. I thought to myself it would be impossible for a mediocre financial advisor to hold onto a client relationship if something like this were in use by a rival advisor. The ability to show a prospective client this level of transparency on taxes, fees, allocation decision-making, etc.
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.
Abnormal Returns
NOVEMBER 20, 2023
The biz Nitrogen has a new CEO. (riabiz.com) More advisers are finding issues with the Schwab-TDA transition. (investmentnews.com) Anchorage Digital now offers crypto SMAs for advisers. (riaintel.com) Distributions Safely withdrawing assets in retirement requires flexibility. (thinkadvisor.com) Some QCD mistakes to avoid. (investmentnews.com) Charitable giving How a parent's charitable giving affects their children.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
NOVEMBER 20, 2023
Firms will have to be transparent, provide adequate guardrails and deliver impactful strategies to succeed because while AI won't replace humans it is not going away.
Advisor Perspectives
NOVEMBER 20, 2023
Investors should embrace a genuine long-term perspective, extending their time horizons to at least 20 to 30 years. The traditional notion of long-term investing (five to 10 years) may fall short of realizing the full benefits of long-term strategies.
Wealth Management
NOVEMBER 20, 2023
Meant to eliminate conflicts of interest on self-directed trading apps that use AI and predictive analytics, the rule would in fact cut off market access for many of the investors who use them, a lawyer for the tech firm argued in a recent public forum.
The Irrelevant Investor
NOVEMBER 20, 2023
One of the main themes of 2023 is the disconnect between how the economy is actually doing (okay) versus how people feel the economy is doing (not okay). The source of the disconnect, almost all of it, is due to how much more expensive everything is. People can’t get over it. I took my dog to the vet this weekend for a routine visit. She got her allergy shot, they cut her nails, and they did some bloodwork as they d.
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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.
Advisor Perspectives
NOVEMBER 20, 2023
Let’s examine what the bond market is telling us about inflation and a solution that will pay you and your clients to insure for the possibility of continued high, long-term inflation.
Wealth Management
NOVEMBER 20, 2023
In the latest filing in its suit against FINRA in federal court, the Utah-based brokerage firm disputed the regulator’s claims that a ruling against it could have a dire impact on investors.
Risk Management Guru
NOVEMBER 20, 2023
As the year 2023 draws to a close, it’s time to reflect on the significant strides made in the realm of Risk Management within the financial services industry. Despite facing a multitude of challenges, including inflation, economic uncertainty, and geopolitical tensions, the industry seems to have demonstrated strong resilience and a steadfast commitment The financial services industry has experienced a number of challenges in 2023, with inflation, economic uncertainty, and geopolitical te
Alpha Architect
NOVEMBER 20, 2023
The article introduces a concept called "impact elasticity," which measures how a firm's environmental impact changes in response to shifts in its cost of capital (the "E" in "ESG"). It finds that the dominant sustainable investing strategy, which favors green firms and punishes brown firms by altering their cost of capital, can be counterproductive.
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 20, 2023
The sale of Signature Bank’s apartment loans could be announced as early as today, reports The Wall Street Journal. Private credit is rising in popularity, but established asset managers are winning more than half of new deals, according to Bloomberg. These are among the must reads from the real estate investment world to kick off the holiday week.
Carson Wealth
NOVEMBER 20, 2023
Three weeks ago, stocks were down 10% from their late-July highs and most market pundits were predicting more pain to come. Although we at Carson didn’t see it that way, as discussed in this Weekly Market Commentary in real time, it was an uncomfortable period for most investors. Stocks continued to climb last week, as the year-end rally we’ve been expecting takes shape.
Wealth Management
NOVEMBER 20, 2023
Americans outside the wealthiest quintile have run out of extra savings generated early in the pandemic and now have less cash on hand than they did when the pandemic began, according to Fidelity Investments.
Cornerstone Financial Advisory
NOVEMBER 20, 2023
Weekly Market Insights: November Rally Continues Presented by Cornerstone Financial Advisory, LLC Stocks extended their November rally last week as investors cheered lower-than-forecast inflation data. The Dow Jones Industrial Average gained 1.94%, while the Standard & Poor’s 500 added 2.24%. The Nasdaq Composite index rose 2.37% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, increased 3.36%. 1,2,3 Stocks March Higher A better-than-anticipated consumer infl
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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 20, 2023
The newly created RIA, Stablepoint Partners, said Goldman’s research, investments and white glove service stood out.
Integrity Financial Planning
NOVEMBER 20, 2023
One way of thinking about retirement is that it happens in phases. The length of each phase and the strategies for each are going to differ from person to person, but this can be a helpful way to break down a very complex topic. We’re going to break down each one of the phases and explain some important financial moments in each. Phase 1: Pre-retirement (Approximately Ages 50-62) This is around the age when you will start to have a sense of what you have saved and what your expenses might look l
Clever Girl Finance
NOVEMBER 20, 2023
The death of a loved one takes a large emotional toll on those closest to the deceased. In addition to grief, you’re also expected to deal with closing out the life of your loved one—from rehoming pets to canceling a credit card after death. Figuring out what to do when a loved one dies can leave you feeling stressed and overwhelmed, but this checklist when someone dies can help make the process easier.
Darrow Wealth Management
NOVEMBER 20, 2023
If you think retirement planning moves stop at retirement, think again. For high earners, converting an IRA to a Roth IRA while you’re still working could be the worst time of all. Although it won’t make sense in every situation, retirement can be a unique opportunity for Roth conversions for some investors. Particularly for individuals who are holding a lot of cash or have proceeds from a windfall such as the sale of a business, a multi-year Roth conversion strategy is worth conside
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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!
Advisor Perspectives
NOVEMBER 20, 2023
Advisors who set up recurring withdrawals at TD need to beware. With the transition to Schwab, those scheduled January withdrawals will take effect in December instead.
Wealth Management
NOVEMBER 20, 2023
Jed Finn was closely involved in helping integrate the Smith Barney brokerage business that Morgan Stanley purchased from Citigroup Inc.
XY Planning Network
NOVEMBER 20, 2023
Many people have come to know and love our adorable bean as the face of XY Bean Counters. But it is time to finish the bean counting chapter and introduce you to the faces of the bookkeeping team here at XY Planning Network. Now known as XYPN Books, the eleven-strong team keeps our members' books clean, accurate, and compliant month after month. So settle in, grab a cup of tea, and enjoy the story of the team behind the books.
Wealth Management
NOVEMBER 20, 2023
While wealth management advisors need to serve smaller/start-up retirement plans.
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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.
Clever Girl Finance
NOVEMBER 20, 2023
Are you searching for new ways to make extra income? Let us introduce you to reselling and give you ideas on the best items to resell! In this article, we’ll discuss where to find items (some are right in your own house!) and where to sell them as well. Table of contents How does reselling work? Why reselling for cash is a great idea The 17 best items to resell for a profit Expert tip: Determine what items sell best 5 Ideas for where to find items for resale Where to list items for resale?
Wealth Management
NOVEMBER 20, 2023
A 5.4% bump in the standard deduction and a boost to 401(k) contribution limits are among the tweaks to account for inflation.
Advisor Perspectives
NOVEMBER 20, 2023
Five of the eight indexes on our world watch list posted gains through November 20, 2023. Tokyo's Nikkei 225 finished in the top spot with a YTD gain of 27.95%. The U.S.'s S&P 500 finished in second with a YTD gain of 18.92% while France's CAC 40 finished in third with a YTD gain of 9.41%.
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