Abnormal Returns
NOVEMBER 10, 2023
Strategy The 40 of the 60/40 portfolio is finally earning people something. (awealthofcommonsense.com) There's still no sign of a turn in the trend favoring U.S. vs. international equities. (allstarcharts.com) The case for bonds. (blogs.cfainstitute.org) Energy Solar panel manufacturing is finally on the rise in the U.S. (nytimes.com) Why the cancellation of the NuScale, small modular reactor, project is such a bummer.
The Reformed Broker
NOVEMBER 10, 2023
OK, we’re trying something new next week for registered financial advisors only. It’s a brand new show we’ve created and you can be there virtually to watch the pilot episode live. As an advisor, you’re going to spend time, money and energy implementing new technology and asset management solutions into your practice. You may as well get good at it.
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Abnormal Returns
NOVEMBER 10, 2023
Economy Kyla Scanlon talks with David Dayen about the gap between the economy and consumer sentiment. (youtube.com) Justin Carbonneau and Jack Forehand talk all things macro with 3Fourteen Research founders Warren Pies and Fernando Vidal. (youtube.com) Business Matt Reustle talks with Staley Cates about the history of FedEx ($FDX). (joincolossus.com) Jordan Harbinger talks with Chris Miller author of "Chip War: The Fight for the World's Most Critical Technology.
Nerd's Eye View
NOVEMBER 10, 2023
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a Fidelity benchmarking study revealed that both small and large RIAs saw positive organic growth in 2022, helping to mitigate AUM declines resulting from weak market performance. The report also flagged that profit margins for RIAs remained relatively steady over the past several years (despite strong market performance over the period), with the trend of firms offe
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.
The Reformed Broker
NOVEMBER 10, 2023
On episode 117 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Callie Cox and Malcolm Ethridge to discuss: market sentiment, Robinhood earnings, Warren Buffett and his cash, interest rates, the yield curve, recession calls, weight loss drugs, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Alpha Architect
NOVEMBER 10, 2023
The claims of superior risk-adjusted performance by the PE industry are exaggerated. Given their lack of liquidity, opaqueness, and greater use of leverage, it seems logical that investors should demand something like a 3-4% IRR premium. Yet, there is no evidence that the industry overall has been able to deliver that. The Performance of Major Private Equity/LBO Firms was originally published at Alpha Architect.
The Big Picture
NOVEMBER 10, 2023
My end-of-week morning train WFH reads: • What the US got right that Europe did not : America’s post-pandemic recovery has left Europe in the dust. ( Financial Times ) • The Land Where Inflation Is Good News : Food and energy price increases triggered by the pandemic and the Ukraine war are helping end the long, bleak era of Japanification. ( Wall Street Journal ) • The Real Reason So Many Asset Managers Are Struggling in China : The world’s second-biggest economy has its own rules of engagement
Wealth Management
NOVEMBER 10, 2023
Trevor Hicks, chief technology officer at Wetherby Asset Management and Laird Norton Wealth Management, provides an honest assessment of the technology tools used by the $14 billion AUM firms to work with clients and drive business.
Calculated Risk
NOVEMBER 10, 2023
From the MBA: Mortgage Delinquencies Increase in the Third Quarter of 2023 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.62 percent of all loans outstanding at the end of the third quarter of 2023 , according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
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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 10, 2023
Adopting an advice-centric engagement model places the decision-making authority squarely in the hands of those with the most vested interest—the clients themselves.
Calculated Risk
NOVEMBER 10, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Due to changes at the CDC, weekly cases are no longer updated. For deaths, I'm currently using 3 weeks ago for "now", since the most recent two weeks will be revised significantly. Hospitalizations have more than doubled from a low of 5,150 in June 2023, but have declined over the last few weeks.
Wealth Management
NOVEMBER 10, 2023
On an earnings call this week, CEO Kurt MacAlpine said to expect more acquisitions at a less frenzied pace than past years as the company continues to pay down debt.
A Wealth of Common Sense
NOVEMBER 10, 2023
Boring old money market funds are the hottest thing in fund flows this year. Just look at the massive amount of money that has poured into these things: There’s a good reason these funds saw stagnating asset growth in the 2010s — there was no yield. Now there is. Bloomberg’s Eric Balchunas and Jeff Seyffart show how banks and fund companies across the board are vacuuming up money now that money market f.
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 10, 2023
AllianceBernstein is offering funding to lenders — enabling the banks to keep their most prestigious clients sweet — in return for a cut of the fees and access to their client contact books.
Advisor Perspectives
NOVEMBER 10, 2023
Consumer sentiment fell to a six month low in November according to the preliminary report for the Michigan Consumer Sentiment Index. The index came in at 60.4, down 3.4 points (-5.3%) from the October final. This morning's reading was below the forecast of 63.7.
Wealth Management
NOVEMBER 10, 2023
Many individual investors have seen the value of their holdings drop, and are looking to bail out, drawing hedge funds.
Advisor Perspectives
NOVEMBER 10, 2023
The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of October 27th, the index was at 7.007, down 3.512 from the previous week.
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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 10, 2023
What if a client burdened with substantial debts or liabilities from their business unexpectedly passes away?
Trade Brains
NOVEMBER 10, 2023
Fundamental Analysis of Castrol India : The world of Automotive Engineering is filled with numerous mechanical parts. When we fire up a vehicle’s engine, these parts move in tandem at super high speed generating a lot of friction as they rub against each other. This generates a lot of heat, which could eventually lead to wear & tear on your machine.
Wealth Management
NOVEMBER 10, 2023
Hightower, Robertson Stephens, Wealth Enhancement Group, Hub International and Sikitch all announced M&A deals this week.
Advisor Perspectives
NOVEMBER 10, 2023
The S&P 500 rose for a second consecutive week, finishing Friday up 1.3% from the previous week. The index has now posted daily gains for 7 of the 8 trading days in November thus far. The index is currently up 15.46% year to date and is 7.95% below its record close from January 3, 2022.
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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!
Wealth Management
NOVEMBER 10, 2023
With nearly 40 ETFs, and thanks to inflows and fund conversions, Dimensional is among the top 10 largest US issuers in the $7.3 trillion industry.
Calculated Risk
NOVEMBER 10, 2023
Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in October A brief excerpt: NOTE: Starting next month, I’ll add some comparisons to 2019 (pre-pandemic)! This is the second look at several early reporting local markets in October. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas.
Wealth Management
NOVEMBER 10, 2023
A host of ‘strategic’ hires and promotions were announced this week, as firms continue to focus on growth.
Calculated Risk
NOVEMBER 10, 2023
From BofA: Overall, data since our last weekly publication pushed up our 3Q US GDP tracking estimate from 5.1% q/q saar to 5.2% q/q saar. [W]e will start our 4Q US GDP tracker with the retail sales print [Nov 10th] emphasis added From Goldman: We boosted our past-quarter GDP tracking estimate for Q3 to +5.2% and left our Q4 GDP tracking estimate unchanged at +1.6%.
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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 10, 2023
Advisor attrition dropped by 30% in the quarter to 4.5%, the company announced.
Brown Advisory
NOVEMBER 10, 2023
Sustainable Small-Cap Core Strategy: Reporting on the impact of our investment decisions 2022 bgregorio Fri, 11/10/2023 - 13:26 Download the Report A Letter of Introduction From The Portfolio Managers Brown Advisory has made a deep commitment to sustainable investing across a wide range of its equity and fixed income strategies. We firmly believe that there does not have to be a trade-off between strong performance and investments that seek to address society’s environmental and social challen
Wealth Management
NOVEMBER 10, 2023
Advisor attrition dropped by 30% in the quarter to 4.5%, the company announced.
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