The Big Picture

AUGUST 24, 2023

How little do we know about the future? A great way to figure that out is to look to our past, to see what we previously thought about what the future will hold. To wit: 26 years ago, the image above came from the cover story of Fortune magazine: “There’s a lot of buzz in the smartphone business lately, with Apple’s (AAPL) iPhone turning the mobile world upside down and Nokia’s (NOK) upcoming phone announcement providing a new challenge.

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Media Numbers Investing Investments 246

Abnormal Returns

AUGUST 24, 2023

Rates It's hard to overstate the sea change that has occurred with interest rates. (theirrelevantinvestor.com) Higher real rates are to blame for the rise in interest rates. (wsj.com) The yield curve has flattened a little bit, but remains highly inverted. (axios.com) Finance Multi-strategy hedge funds continue to take mind (and wallet) share. (ft.com) Higher interest rates continue to drag down smaller banks.

Financial Advising 223

Financial Advising Economy Media Banking 223

Nerd's Eye View

AUGUST 24, 2023

For many next-gen financial advisors who start with or move their careers to an established firm, eventually earning an equity stake in that firm can be an exciting prospect and is often a major career goal that many advisors aspire to achieve. However, when these aspirations are delayed or blocked by senior advisory firm partners who choose to delay their retirement plans, it can leave younger advisors frustrated and in a place of uncertainty about their futures with their firm.

Retirement 212

Retirement Planning Retirement Planning Financial Advisor 212

Abnormal Returns

AUGUST 24, 2023

Books An excerpt from "Quiet Street: On American Privilege" by Nick McDonell. (theatlantic.com) A Q&A with Karen Pinchin author of "Kings of Their Own Ocean: Tuna, Obsession, and the Future of Our Seas." (insidehook.com) An excerpt from "Kingdom Quarterback: Patrick Mahomes, the Kansas City Chiefs, and How a Once Swingin' Cow Town Chased the Ultimate Comeback" by Mark Dent and Rustin Dodd.

Economics 130

Economics 130

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

The Reformed Broker

AUGUST 24, 2023

Final Trades: Cheniere Energy, B&G Foods, & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

Food 130

Food 130

Wealth Management

AUGUST 24, 2023

Now in its fourth year, the virtual advisor technology conference AdviceTech.Live is run by Asset-Map, features 10-minute presentations from 20 companies and will be free to attend for the first time.

Assets 98

Assets 98

Fintoo

AUGUST 24, 2023

Highlights Issue Size – 3,12,00,000 shares Issue Open/Close – Aug 24/Aug 28, 2023 Price Band (Rs.) 94 – 99 Issue Size- Rs 2,932 mn – Rs 3,088 mn Face Value (Rs) 10 Lot Size (shares) 150 Vishnu Prakash R Punglia Limited (VPRPL) is an integrated engineering, procurement, and construction (EPC) company. It also has ISO […] The post Vishnu Prakash R Punglia Limited IPO appeared first on Fintoo Blog.

Engineering 98

Engineering Investing Investments 98

Wealth Management

AUGUST 24, 2023

The AIA/Deltek Architecture Billings Index reported stable conditions for July of this year. WeWork has been assembling a team of consultants, including lawyers and real estate advisors, to avoid bankruptcy, reported Bisnow. These are among today’s must reads from around the commercial real estate industry.

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Consulting 98

Advisor Perspectives

AUGUST 24, 2023

New orders for manufactured durable goods fell for the first time in February, coming in at $285.93B in July. This is a 5.2% decrease from the previous month and is worse than the expected 4.0% decline. The series is up 3.8% year-over-year (YoY). If we exclude transportation, "core" durable goods were up 0.5% from the previous month and up 1.1% from one year ago.

Transportation 97

Transportation Manufacturing 97

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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 24, 2023

If RIA leaders can redirect their focus towards cultivating and maintaining a corporate culture that focuses on systematic issue resolution as opposed to mere crisis containment the prospect of emerging successfully from challenging circumstances becomes more promising.

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Calculated Risk

AUGUST 24, 2023

The DOL reported : In the week ending August 19, the advance figure for seasonally adjusted initial claims was 230,000 , a decrease of 10,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 239,000 to 240,000. The 4-week moving average was 236,750, an increase of 2,250 from the previous week's revised average.

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Wealth Management

AUGUST 24, 2023

Mark Pasierb, newly appointed president of Kingbird Investment Management, talks about how the current market might be a good time for those willing to work with distressed situations.

Management 98

Management Investing Investments Marketing 98

MainStreet Financial Planning

AUGUST 24, 2023

So I just dropped my son off at Kindergarten. After 5 and 2/3 years working with him by my side almost every day, now I am here in the quiet. It is surreal. Before his existence was known, I knew I wanted to avoid sending him to daycare. I wanted him to grow up more like I did, with a stay-at-home mom. In today’s world, that is a rarity if not downright impossible for many.

Financial Planning 90

Financial Planning Management Clients Planning 90

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 24, 2023

Evan Mayer started in the bank channel and, over time, came to the realization that he could do more to support his clients and grow the business in the independent model.

Banking 98

Banking Clients 98

The Irrelevant Investor

AUGUST 24, 2023

Today’s Compound and Friends is brought to you by Public: Visit public.com/compound for more information on how to earn 5+% interest with a treasury account on public. On today’s show, we discuss: The Education of a Value Investor These two men paid over $650,000 for lunch with Warren Buffett – here are 3 things they learned Warren Buffet wisdom: 15 genius things I Learned at lunch with ‘The.

Education 80

Education Accounting 80

Wealth Management

AUGUST 24, 2023

The transition of 2,600 advisors and more than $50 billion in assets is expected to take more than a year and increase LPL’s earnings by $60 million

Assets 98

Assets Retail 98

A Wealth of Common Sense

AUGUST 24, 2023

A reader asks: I’m anticipating needing to replace both the roof on my house and a car five years from now. I would like to have $100,000 set aside for these expenses. Five years out feels like an investment no man’s land. Stocks seem to be a bit risky at that time frame, and high interest savings, while attractive now, will likely have rates dropped if the Fed drops interest rates in the future.

Marketing 80

Marketing Marketing Investing Investments 80

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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 24, 2023

Don’t look now, but we’re already more than halfway through 2023. And the rest of the year will sail past in a heartbeat if you’re not careful.

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Alpha Architect

AUGUST 24, 2023

This piece outlines the high-level benefits of the ETF structure, which boils down to market access, tax efficiency, and transparency. It covers the considerations for a 351 tax-free conversion and the mechanics and tax consequences of a 351 conversion. The case for the tax-free conversion of SMAs into an ETF via Section 351 was originally published at Alpha Architect.

Taxes 80

Taxes Marketing Marketing Investing 80

Wealth Management

AUGUST 24, 2023

The US economy has not yet slowed enough to put inflation on a sustainable trajectory downward.

Economy 98

Economy 98

Advisor Perspectives

AUGUST 24, 2023

Until recently, I thought rising interest rates were — on balance — bad for businesses. In fact, many big companies are benefiting from the fastest rate-hiking cycle in decades, at least in purely financial terms.

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98

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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

Wealth Management

AUGUST 24, 2023

Building a successful business means knowing how to manage growth in a healthy way.

Management 98

Management 98

Trade Brains

AUGUST 24, 2023

Fundamental Analysis of SJVN: Recently government stocks made headlines with the Honorable Prime Minister Narendra Modi advocating them as attractive investments. You might be inclined to dismiss it as a casual statement. But various government companies are heavily investing for the future. One such company is SJVN, a mid-cap power producer with a high government holding of 86.8%.

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Government Planning Engineering Portfolio 52

Calculated Risk

AUGUST 24, 2023

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 10:00 AM ET,: University of Michigan's Consumer sentiment index (Final for August). The consensus is for a reading of 71.2.

Economics 52

Economics 52

Advisor Perspectives

AUGUST 24, 2023

The Chicago Fed's National Activity Index is based on 85 economic indicators drawn from four broad categories of data. Two of the four broad categories of indicators used to construct the index increased from June. Two of the four categories made positive contributions in July.

Economics 52

Economics 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 24, 2023

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from Sabrina Speianu: Weekly Housing Trends View — Data Week Ending Aug 19, 2023 • Active inventory declined, with for-sale homes lagging behind year ago levels by 7.2%. This past week marked the 9th consecutive decline in the number of homes actively for sale compared to the prior year, however the gap narrowed slightly compared to the previous week’s -8.6% figure.

Sales 52

Sales Numbers Planning Marketing 52

Advisor Perspectives

AUGUST 24, 2023

The Census Bureau has posted its advance report on new orders for durable goods for July. This series dates from 1992 and is not adjusted for either population growth or inflation. Let's review durable goods data with those two adjustments.

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Brown Advisory

AUGUST 24, 2023

CIO Perspectives: Goldilocks Economy and Opportunities Outside the Magnificent Seven mhannan Thu, 08/24/2023 - 11:04 In our latest episode, Sid and Erika are joined by Mick Dillon, who co-manages Brown Advisory’s Global Leaders and Global Focus strategies and has played a critical role in developing the firm’s global equity investment platform since joining Brown Advisory in 2014.

Economy 52

Economy Portfolio Management Clients Portfolio 52