The Big Picture
AUGUST 26, 2022
I had a fascinating conversation with an old friend who has been working in a giant bulge bracket firm his entire multi-decade career. What made this particular conversation so intriguing was his sudden epiphany about the Sell-side. Our previous discussions (debates really) were over the traditional model of brokerage I push back against versus the fee-based fiduciary asset management I embrace.
The Reformed Broker
AUGUST 26, 2022
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Devon Drew, and Downtown Josh Brown discuss Jackson Hole, Adam Neumann’s new venture, crypto regulation, the best performing stocks since March 2020, using AI in asset management, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!
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The Big Picture
AUGUST 26, 2022
My end-of-week morning train WFH reads: • Hope You Enjoyed the Summer Rally : The easy money has already been made (probably). ( Businessweek ). • Powell Has Chance to Reset Market Expectations at Jackson Hole : Fed chair will speak amid high inflation, investor optimism ECB, BoE officials also set to attend annual Fed conference. ( Bloomberg ) see also The NY Fed vs Larry Summers : Some pundits were right on high inflation but for the wrong reasons. ( Financial Times ). • An overlooked indicato
Abnormal Returns
AUGUST 26, 2022
Crypto Louis Sykes, "Inflating your ego is a dangerous exercise. Some of the most intelligent, most sophisticated traders on the planet lost everything in this crypto bear market because they let ego get in the way of judgment." (allstarcharts.com) Everything you need to know about the Ethereum merge. (nytimes.com) FTX is consolidating its VC efforts.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
The Big Picture
AUGUST 26, 2022
The Lincoln Continental began life as a personal vehicle for Ford Motor Company President Edsel Ford. In 1938, Ford commissioned a one-off design from company Chief Stylist Eugene T. Bob Gregorie. In what would give the model line its name, the exterior was given European “continental” styling elements, including a rear-mounted spare tire.
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Calculated Risk
AUGUST 26, 2022
The BEA released the Personal Income and Outlays report for July: Personal income increased $47.0 billion (0.2 percent) in July , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $37.6 billion (0.2 percent) and personal consumption expenditures (PCE) increased $23.7 billion (0.1 percent).
Wealth Management
AUGUST 26, 2022
As firms scramble to stay off FINRA’s new “leper list” of broker/dealers with histories of misconduct, some say smaller businesses and reps with only minor regulatory blemishes are being unduly tarnished.
Calculated Risk
AUGUST 26, 2022
From BofA: [W]e continue to track 3Q GDP at 0.5% q/q saar [August 26 estimate] emphasis added From Goldman: The personal consumption details were softer than our previous assumptions, and we lowered our Q3 GDP tracking estimate by 0.2pp to +1.0% (qoq ar). [August 26 estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 1.6 percent on August 26, up from 1.4 percent on August 24.
WiserAdvisor
AUGUST 26, 2022
When it comes to money management, there are a lot of different schools of thought. Some people believe it’s best to do everything independently, while others think it’s always worth hiring a professional. So, which is the right approach for you? There are a few things to consider when making this decision. First, do you have the necessary financial acumen and knowledge to make financial decisions?
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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.
Calculated Risk
AUGUST 26, 2022
On COVID (focus on hospitalizations and deaths): COVID Metrics Now Week Ago Goal New Cases per Day 2 88,594 95,609 ?5,000 1 Hospitalized 2 32,403 35,061 ?3,000 1 Deaths per Day 2 392 438 ?50 1 1 my goals to stop daily posts, 2 7-day average for Cases, Currently Hospitalized, and Deaths ?? Increasing 7-day average week-over-week for Cases, Hospitalized, and Deaths ?
Wealth Management
AUGUST 26, 2022
Michael Shillin misled clients into thinking he was buying pre-IPO stocks in high-profile companies and long-term care policies on their behalf, but it was all a ruse, according to the DOJ.
Mullooly Asset Management
AUGUST 26, 2022
We are often asked “what can I expect my investments to earn if I work with you?” While it is an important question, there is no easy answer. In this week’s podcast, Tom, Brendan, Tim AND Casey weigh in on the best way to set investment performance expectations, the difference between average returns, and returns […] We are often asked “what can I expect my investments to earn if I work with you?”.
Elevating Your Business
AUGUST 26, 2022
Do you have a vision? Sarah Hughes, the Olympic gold medal ice skater, had hers at age six. Joseph Campbell, the folklore author, found his after visiting the Museum of History in New York City. Oprah Winfrey remembers, at age four, watching her grandmother washing clothes by boiling them—Oprah "knew" then that her life would. The post Deliberately Designing a Vision for the Next 12 Months and Beyond appeared first on Female Financial Advisor Coach.
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
AUGUST 26, 2022
Michael Shillin misled clients into thinking he was buying pre-IPO stocks in high-profile companies and long-term care policies on their behalf, but it was all a ruse, according to the DOJ.
A Wealth of Common Sense
AUGUST 26, 2022
I don’t make a lot of predictions because, well, predicting the future is hard. The problem with predictions is there is almost always something that comes out of left field that derails even the most informed projections. I predicted the following in March 2020: Potential real estate boom following the quarantine as ppl constantly notice all the little things about their houses they don’t like?
Wealth Management
AUGUST 26, 2022
Despite the hefty increases, some apartment owners say rents for many tenants remain below accepted affordability ceilings.
oXYGen Financial
AUGUST 26, 2022
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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
AUGUST 26, 2022
It’s important to understand the ceilings that the IRA will start to place on out-of-pocket drug costs for your clients, starting in 2023.
Calculated Risk
AUGUST 26, 2022
From Fed Chair Powell: Monetary Policy and Price Stability ( watch on YouTube here ) Excerpt: Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance. Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions.
Wealth Management
AUGUST 26, 2022
Retirement industry thought leaders answer three probing questions on critical issues providing an open, honest and candid dialogue.
Alpha Architect
AUGUST 26, 2022
Here is the bottom line: converting into the ETF structure can bring a lot of benefits to the table, but porting your official track record over to an ETF can be challenging. However, even if the facts and circumstances of your situation suggest that porting your official track record into an ETF is impossible, all is not lost. Retail consumers, institutional investors, platform providers, gate-keepers, and so forth, will likely be aware of your previous performance and reputation as an asset ma
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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
AUGUST 26, 2022
Clients planning on exiting the U.S.? Leaving the US and giving up your US citizenship is possible but complicated and costly.
Validea
AUGUST 26, 2022
Prem Watsa, the chairman and CEO of Toronto-based Fairfax Financial Holdings Ltd., who is well-known for predicting the financial collapse in 2007-2008, has bought roughly $149 million worth of Fairfax shares, reports BNN Bloomberg Canada. Watsa is a controlling shareholder at Fairfax, with just under 42% of the votes at the company. The new purchase has brought Watsa 482,600 subordinate voting shares.
Wealth Management
AUGUST 26, 2022
Mackie & Waller Wealth Management Group joins Sanctuary via Cape Rock Private Wealth in eastern Missouri.
Validea
AUGUST 26, 2022
See how the largest tech stocks in the market score/rank using Validea’s Factor Report and through our Guru Analysis Engine. Apple Inc (AAPL). Amazon.com Inc (AMZN). Microsoft Corporation (MSFT). Facebook Inc (FB). Alphabet Inc (GOOGL). Value investing involves far more than a simple financial metric such as price-to-book value or price/earnings ratio, contends an opinion piece in Forbes.
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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.
Good Financial Cents
AUGUST 26, 2022
Whether you’re unhappy with your student loans or want to know if you can find a better deal, it’s only natural to ask yourself, “ Should I refinance my student loans? “ This is a great question, but it’s one that doesn’t have a cut and dry answer. There are times when it absolutely makes sense to refinance your student loans, but there are also scenarios where you’d be better off keeping the student loans you have.
Validea
AUGUST 26, 2022
In an interview with CNBC , Jeremy Siegel says that he believes the Fed will not need to continue tightening, and that 100 basis points will still remain. The only thing going up are wages in specific sectors, Siegel said, not forward-looking sensitive prices. He pointed to the housing sector, where prices are softening and the NAHB Housing Market Index has seen the biggest drop in the last 6 months in its history.
Trade Brains
AUGUST 26, 2022
You can now own your favorite companies such as Amazon and Netflix! Yes, you heard it right! Indian investors like you and me can now invest in US stocks with the ease of sitting in our homes. In this article, we will discuss everything you need to know about investing in US stocks through NSE IFSC! About NSE IFSC. National Stock Exchange of India Limited (NSE) got approval from SEBI to form an International Financial Service Centre (IFSC) in the Gujarat International Finance Tech City (GIFT).
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