Fri.Sep 09, 2022

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1970 Maserati Ghibli 4.7 Coupe

The Big Picture

Introduced at the 1966 Turin Motor Show, the Ghibli was styled by Giorgetto Giugiaro with Carrozzeria Ghia. Dual air vents in its hood, chrome fender vent spears, and what looks like the longest bonnet ever made created a unique design for this Maserati V8 grand tourer. American magazine Sports Car International named it number 9 on its list of Top Sports Cars of the 1960s.

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Weekend Reading For Financial Planners (Sept 10-11)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that as Millennials grow their wealth, they could be increasingly turning to financial advisors for guidance. But amid competition from large asset managers and broker-dealers, advisors can consider how they can shape their service offerings and fee structures to attract Millennials and build client relationships that could last for decades to come.

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Podcast links: the future is video

Abnormal Returns

Business Patrick O'Shaughnessy talks with Jay Goldberg about the rise of AMD ($AMD). (joincolossus.com) Benjamin Gilbert and David Rosenthal talk about the history of Amazon Web Services. (acquired.fm) Ali Griswold talks with Eliot Brown, co-author of "The Cult of We: WeWork and the Great Startup Delusion." (oversharing.substack.com) Tom Dotan and Eric Newcomer talk with Mark Bergen author of "Like, Comment, Subscribe: Inside YouTube’s Chaotic Rise to World Domination.

Startup 190
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Come Join Us in Huntington Beach!

The Big Picture

Last day before travel. The beach is prepped, stages are going up, the food trucks are ready. All of the prep calls with the panels are done, and we will soon be traveling to California for what looks top be an absolutely groundbreaking, amazing event. Going through my checklist: Prep panels and interviews (?), haircut (?). All that’s is left to pack.

Food 184
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Will the Surging Dollar Crash the Global Economy?

Pragmatic Capitalism

Here’s a new 3 Minute Money. In this video I discuss the implications of the surging US Dollar: Why is the USD surging despite rising inflation? What does this signal [ … ].

Economy 130

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The Battle to Remain Bullish

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Brian Belski, and Downtown Josh Brown discuss the earnings outlook, multiple compression, the labor market, odds of a recession, the next rate hike, permabears, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Marketing 130
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Fed's Flow of Funds: Household Net Worth Decreased $6.1 Trillion in Q2

Calculated Risk

The Federal Reserve released the Q2 2022 Flow of Funds report today: Financial Accounts of the United States. The net worth of households and nonprofits fell to $143.8 trillion during the second quarter of 2022. The value of directly and indirectly held corporate equities decreased $7.7 trillion and the value of real estate increased $1.4 trillion. Household debt increased 7.4 percent at an annual rate in the second quarter of 2022.

Nonprofit 145
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The Bullish Case

The Irrelevant Investor

It’s always easier to come up with a list of things that can go wrong than a list of things that can go right. That’s especially the case today. It seems like everyone is bearish due to a combination of inflation, rising rates, the fed trying to slow demand, falling stocks, and housing rolling over. But a lot of the economic data doesn’t seem to be cooperating with the bearish narrative.

Economics 128
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Weekly Initial Unemployment Claims decrease to 222,000

Calculated Risk

The DOL reported : In the week ending September 3, the advance figure for seasonally adjusted initial claims was 222,000 , a decrease of 6,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 232,000 to 228,000. The 4-week moving average was 233,000, a decrease of 7,500 from the previous week's revised average.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

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Reality is Messier Than Spreadsheets

A Wealth of Common Sense

A reader asks: We are used to seeing financial planning advice based on a constant savings rate over long periods of time, but I am trying to reconcile this with the realities of life. For context, we are a married couple in our mid-30s who strive for a savings rate of 30% of gross income. Prior to becoming parents and purchasing a home (age 30-35), we were living significantly below our means and had a savings rate of 40.

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FDIC: Problem Banks Unchanged, Residential REO Decreased Slightly in Q2 2022

Calculated Risk

The FDIC released the Quarterly Banking Profile for Q2 2022 this morning: Quarterly net income totaled $64.4 billion in second quarter 2022 , a reduction of $6.0 billion (8.5 percent) from the same quarter a year ago. Loans and leases that are 30-89 days past due (past-due loan balances) increased from the year-ago quarter (up $11.4 billion, or 25.0 percent).

Banking 139
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Stock investors gauge risk ahead of midterms.

Nationwide Financial

We’re entering a historically perilous time in the stock market, with September and October generally being poor months for equity returns. Moreover, the U.S. midterm elections are on the horizon, meaning the coming weeks could be uncertain and emotionally charged. But if there’s a silver lining for investors in the current market environment, it’s in anticipating what the stock market may have in store following the upcoming midterms.

Valuation 105
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"Wholesale Used-Vehicle Prices Decline Substantially in August"

Calculated Risk

From Manheim Consulting today: Wholesale Used-Vehicle Prices Decline Substantially in August Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 4.0% in August from July. The Manheim Used Vehicle Value Index declined to 210.8 but is up 8.4% from a year ago. The non-adjusted price change in August was a decline of 2.6% compared to July, leaving the unadjusted average price up 5.9% year over year. emphasis added Click on graph for larger image.

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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

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.

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Three Planning Steps For Clients That Own Artwork

Wealth Management

Keeping an inventory, categorizing and managing clients' art will help to minimize taxes and prevent their beneficiaries from being taken advantage of.

Clients 113
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Leading Index for Commercial Real Estate "Dips" in August

Calculated Risk

From Dodge Data Analytics: Dodge Momentum Index Dips in August The Dodge Momentum Index (DMI) ticked down by 1.2% in August to 171.9 from the revised July figure of 174.0. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning, shown to lead construction spending for nonresidential buildings by a full year.

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Grocery-Anchored Shopping Centers Remain in Demand. But They Are Going Mostly to Private and All-Cash Buyers.

Wealth Management

The era of aggressive outlier bids for grocery-anchored shopping centers is over as capital costs rise, say the sector’s players.

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Is it Better to Invest Through Recessions or to Avoid Them?

Mullooly Asset Management

A common misconception amongst investors is that investment returns would be better if they could somehow avoid recessions. But is that actually true? In this week’s podcast, Brendan and Casey settle this debate once and for all. They share historical statistics about investing through past recessions and get in to what these numbers mean for […] A common misconception amongst investors is that investment returns would be better if they could somehow avoid recessions.

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Transforming Lending: Understanding the Power of Digital Platforms

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.

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Sanctuary Taps Former Merrill Research Head as Chief Investment Strategist

Wealth Management

Mary Ann Bartels spent more than two decades at Merrill Lynch, where she created research that advisors and clients used to make investment and portfolio decisions.

Investing 104
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3 quick ideas to increase productivity and sales

Million Dollar Round Table (MDRT)

By Michael DePilla, MDRT in-language content strategist To streamline your sales cycle, try these ideas from MDRT members around the world. A compelling future. Go away from the old sales techniques and embrace the future of our industry by using lifetime cash flow forecasting, life planning and discretionary investment management to create a more compelling future for your clients.

Sales 86
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Mindy Diamond on Independence: One-on-One with Focus Financial's Rudy Adolf

Wealth Management

Industry legend Rudy Adolf describes how the idea of Focus Financial Partners came to be, filling a gap in how independent financial advisors accessed capital, resources and monetized their life’s work, plus the firm’s journey as a public company, their growth, how they are further evolving and more.

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Talk Your Book: Fixing Fixed Income

A Wealth of Common Sense

Today’s Talk Your Book is brought to you by IMTC: On today’s show, we spoke with Russell Feldman, CEO of IMTC about revolutionizing the fixed income investment process. On today’s show we discuss: Intricacies of the fixed income market Trading stocks vs. bonds What problem IMTC is solving What type of analytics and data IMTC is providing Allocation vs. optimization Product use cases Risk management within fixe.

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Quick Start Guide to a Crystal Clear Close

Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

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Four Ways Clients Can Access Their Home Equity

Wealth Management

Inflation and higher interest rates make it more difficult for homeowners to absorb the costs associated with traditional equity financing.

Clients 113
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Talk Your Book: Fixing Fixed Income

The Irrelevant Investor

Today’s Talk Your Book is brought to you by IMTC: On today’s show, we spoke with Russell Feldman, CEO of IMTC about revolutionizing the fixed income investment process. On today’s show we discuss: Intricacies of the fixed income market Trading stocks vs. bonds What problem IMTC is solving What type of analytics and data IMTC is providing Allocation vs. optimization Product use cases Risk management within fixe.

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WealthManagement.com Recognizes Top Companies, Execs at 2022 Industry Awards

Wealth Management

The eighth-annual event featured 105 awards presented to 84 companies and individuals from a pool of 225 finalists.

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Brand Values and Long-Term Stock Returns

Alpha Architect

An equal-weighted portfolio of Best Brands (BBs) in the U.S. earns an excess return of 25 to 35 bps per month during the period 2000-2020. This result is remarkably robust across various factor models and therefore is not driven by exposure to common (risk) factors. The excess returns of the BB portfolio are not due to firm characteristics, industry composition, or small-cap stocks.

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The Blueprint for a Customer-Centric Digital Lending Experience

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.

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RIA CEOs: Client Experience and Capabilities to Shape the Next 10 Years

Wealth Management

Advisors can no longer differentiate themselves solely on being a fiduciary or managing a portfolio.

Clients 117
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8 Tips For A Successful No Spend Month

Clever Girl Finance

Have you been overspending recently and want to change your money mindset? Or maybe you just want to accelerate your savings efforts? A no spend month could be the answer you’re looking for! Even the most financially-savvy person goes off-budget and makes not-so-great financial decisions every now and again. But there is a way to get your spending back under control.

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401(k) Real Chat: Kevin Collins

Wealth Management

Retirement industry thought leaders answer three probing questions on critical issues providing an open, honest and candid dialogue.