Abnormal Returns
NOVEMBER 14, 2023
Quant stuff Just because someone says that use quantitative tools, doesn't mean they do. (researchaffiliates.com) Why two investors with the same information can come to different decisions. (mrzepczynski.blogspot.com) Private equity Why you should be skeptical of private equity return claims. (alphaarchitect.com) Why pension funds change their private equity benchmarks so often.
Nerd's Eye View
NOVEMBER 14, 2023
Welcome back to the 359th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Eric Miller. Eric is the Chief Financial Advisor and Co-Owner of Econologics Financial Advisors, an independent RIA based in Largo, Florida, that generates more than $4M of revenue while working with nearly 300 client households. What's unique about Eric, though, is how he leverages a custom-built financial planning assessment he calls their Financial Prosperity Index, which he gives to bo
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Abnormal Returns
NOVEMBER 14, 2023
Markets The S&P 500 is set to go from oversold to overbought in a rapid period of time. (twitter.com) Why diversification is not a 'free lunch.' (behaviouralinvestment.com) The best business books of 2023, including "Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall" by Zeke Faux. (ft.com) Companies Google ($GOOGL) pays Apple ($AAPL) 36% of the revenue it earns from search advertising made through the Safari browser.
Advisor Perspectives
NOVEMBER 14, 2023
This article provides a brief guide to the AI technologies available (it’s not just ChatGPT), their applications in wealth management, and how your firm can define specific business outcomes to achieve.
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.
Wealth Management
NOVEMBER 14, 2023
The co-founder discusses the why of Bento through to the predictive client-communications platform's just announced partnership with marketing firm FMG Suite.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
NOVEMBER 14, 2023
Haywood USA failed to do due diligence for approximately 134 sales recommendations of private placement offerings totaling nearly $11 million, breaking FINRA rules and violating the SEC's care obligations.
The Irrelevant Investor
NOVEMBER 14, 2023
Today’s Animal Spirits is brought to you by Amplify ETFs: See here to learn more about Amplify’s free cash flow focused ETFs Register here for Episode 1 of The Smoke Show, on November 15th at 2PM Eastern On today’s show, we discuss: Why ‘Bidenomics’ falls flat Are real wages rising? Confirmed: The iPhone 15 is the most affordable iPhone since 2007 What the US got right that Europe did not 20.
Wealth Management
NOVEMBER 14, 2023
A November report from the Federal Reserve Board of Governors continued to put emphasis on potential problems with banks’ commercial real estate lending. SFR investments in the Sunbelt markets might not be as attractive as they once were, according to a story on GlobeSt.com. These are among today’s must reads from the commercial real estate industry.
The Irrelevant Investor
NOVEMBER 14, 2023
Apple is bigger today than all of the top nine companies from ten years ago combined. Oh, and they bought back $600 billion of stock over that same time. There is an ongoing debate about how much index fund flows are impacting the biggest companies. I’m sure there must be some impact on price, how can there not be? But I’m not sure it’s as drastic as some people make it out to be.
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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 14, 2023
The new program was developed in collaboration with retirement services provider Empower, and should be available “within the next quarter or two.
Advisor Perspectives
NOVEMBER 14, 2023
The price of gold just had its best October in nearly half a century, defying tough resistance from surging Treasury yields and a strong U.S. dollar. The yellow metal rallied an incredible 7.3% last month to close at $1,983 an ounce, its strongest October since 1978, when it jumped 11.7%.
Wealth Management
NOVEMBER 14, 2023
An advisor’s role should include helping clients become more fluent in what may be the world’s most consequential language.
Advisor Perspectives
NOVEMBER 14, 2023
Good news – the earnings recession is over! After three consecutive quarters of negative earnings growth, 3Q S&P 500 earnings are on pace to climb 5% YoY. If sustained, this would be the best quarter of earnings growth since 2Q22.
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.
Integrity Financial Planning
NOVEMBER 14, 2023
We’re coming up on the end of the year, and while it’s a time to take a break and enjoy the holiday season, it’s also a good time to consider tax strategies that may benefit you. Because taxes are calculated from January 1st to December 31st of each year, and certain retirement rules and laws reset at the same time, you may have some significant last-minute moves you can make with your money before the tax year is over.
Advisor Perspectives
NOVEMBER 14, 2023
More than two years after economists divided into opposing camps over the nature of the post-pandemic inflation, we now know which side was right. Disinflation has confirmed that the earlier price increases were “transitory,” driven largely by supply disruptions and sectoral shifts in demand.
A Wealth of Common Sense
NOVEMBER 14, 2023
By the end of the 1970s inflation was out of control. The New York Times wrote a front-page story where they interviewed a bunch of normal people to see how inflation was impacting their lives. By that point CPI was up a cumulative 73% in the decade or nearly 7% per year. Inflation had been raging on long enough that it was finally starting to impact people’s habits: In interviews across the country, The New York T.
Wealth Management
NOVEMBER 14, 2023
Dan Zitting will take over as CEO of Nitrogen ( formerly Riskalyze) on Dec. 4, succeeding current CEO Aaron Klein.
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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.
Advisor Perspectives
NOVEMBER 14, 2023
U.S. Treasury rates in the long-end of the curve are 100 basis points too high relative to a fair-value model. The risk-adjusted opportunity in long-dated, low-coupon Treasuries is attractive.
Wealth Management
NOVEMBER 14, 2023
Today, a broad structural shift is underway with private markets becoming larger, more diverse, and more available to companies and investors than ever before.
Advisor Perspectives
NOVEMBER 14, 2023
The headline number for the NFIB Small Business Optimism Index fell to 90.7 in October, as small business owners continued to not feel optimistic about current business conditions. The latest reading was better than the forecast of 90.5 but marked the 22nd straight month the index has been below the series average of 98.1.
Wealth Management
NOVEMBER 14, 2023
Financial firms are continuing to reduce headcount in response to mounting economic and geopolitical uncertainties, higher rates and a slower pace of dealmaking.
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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!
Million Dollar Round Table (MDRT)
NOVEMBER 14, 2023
By Matt Pais, MDRT Content Specialist People don’t buy what you say, said Van Mueller, LUTCF , they buy how you say it. A lot of that comes from conviction and confidence, and Mueller, a 35-year MDRT member from Brookfield, Wisconsin, USA, has helped stammer-prone mentees improve their presentation skills by asking them about a hobby. If an advisor said he loves to golf, for example, Mueller then will ask the best part of his game.
Advisor Perspectives
NOVEMBER 14, 2023
Every year, millions of Americans send their hard-earned money to life insurance companies, in return for a promise that it will grow and provide them with regular income in old age.
SEI
NOVEMBER 14, 2023
Month-long Initiative to Feature Special Guests to Give Thanks to Community Heroes; Begins Tuesday, Nov.
Advisor Perspectives
NOVEMBER 14, 2023
The Consumer Price Index for Urban Consumers (CPI-U) released for October puts the year-over-year inflation rate at 3.24%. The latest reading keeps inflation below the 3.75% average since the end of the Second World War for the 5th straight month. However, inflation remains above the 10-year moving average which is now at 2.71%.
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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.
Calculated Risk
NOVEMBER 14, 2023
Here are a few measures of inflation: The first graph is the one Fed Chair Powell had mentioned earlier when services less rent of shelter was up 7.6% year-over-year. This has fallen sharply and is now up 3.0% YoY. Click on graph for larger image. This graph shows the YoY price change for Services and Services less rent of shelter through September 2023.
Advisor Perspectives
NOVEMBER 14, 2023
Gas prices have now fallen for 8 straight weeks, the longest streak of the year. As of November 13, the price of regular and premium gas each fell by 5 cents from the previous week. The WTIC end-of-day spot price for crude oil closed at $78.26, down 3.2% from last week.
Calculated Risk
NOVEMBER 14, 2023
The Cleveland Fed released the median CPI and the trimmed-mean CPI. According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.3% in October. The 16% trimmed-mean Consumer Price Index increased 0.2% in October. "The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics’ (BLS) monthly CPI report".
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