The Big Picture
FEBRUARY 22, 2023
Click to download Financial Disasters Yesterday was kind of a fun day: Sure, it was a dark, damp, dreary February morn when I showed up at the Brooklyn Bridge Marriot, but it was also the first time I did a new presentation in front of a live audience since before the pandemic. I do a quarterly update for RWM clients that covers the economy, the markets, and our portfolios every three months.
Nerd's Eye View
FEBRUARY 22, 2023
As a document required to be filed by all registered investment advisers, Form ADV is (at least in theory) a standardized description of each RIA’s services, fees, and business practices, presented in a series of four forms (Part 1, Part 2A, Part 2B, and Part 3) each comprised of a set of underlying sections. As the thinking goes, requiring each firm to file Form ADV with the SEC and/or state regulators (and making it available to the general public) gives investors a way to compare differ
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Abnormal Returns
FEBRUARY 22, 2023
Podcasts Christine Benz and Jeff Ptak talk with Cody Garrett of Measure Twice Financial about his journey as a financial planner. (morningstar.com) Dr. Peter Attia talks with Bill Perkins author of "Die With Zero." (peterattiamd.com) Dr. Jim Dahle talks with Ramit Sethi author of "I Will Teach You to Be Rich." (whitecoatinvestor.com) Retirement Misunderstandings about Social Security abound.
The Reformed Broker
FEBRUARY 22, 2023
Final Trades: Ingersoll Rand, Starbucks, Raytheon & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
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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.
Abnormal Returns
FEBRUARY 22, 2023
Strategy Why short term is our default investment setting. (behaviouralinvestment.com) There are a lot of different ways to define company quality. (blog.validea.com) Crypto Even without new laws, the SEC pulling together regulation via enforcement action. (coindesk.com) What Coinbase ($COIN) is facing with the SEC. (axios.com) Companies Not everyone thinks Taiwan Semiconductor's ($TSM) investment in the U.S. makes sense.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
FEBRUARY 22, 2023
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 13.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 17, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 13.3 percent on a seasonally adjusted basis from one week earlier.
Pragmatic Capitalism
FEBRUARY 22, 2023
There was a glimmer of hope in the housing data from January.
Calculated Risk
FEBRUARY 22, 2023
From WardsAuto: U.S. Light-Vehicle Sales, Inventory Continue Upward Climb in February (pay content). Brief excerpt: With inventory expected to record big gains by the end of the first quarter, consumers could be on the verge of seeing an easing up in pricing through a combination of greater availability of more affordable vehicles and increased incentives, especially when the industry gets into the spring selling season. emphasis added Click on graph for larger image.
The Irrelevant Investor
FEBRUARY 22, 2023
I’m enjoying a week off with my family in Disney World. Yesterday, as I waited in a sea of people to get into the park, I checked my phone and saw the futures were pointing to a deeply red open. It was a perfect juxtaposition of this paradox we’re living in; the economy is too strong to avoid a recession. This week for the first time ever, the Genie plus, which allows riders to skip long lines, sold out.
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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
FEBRUARY 22, 2023
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architectural billings continue to contract in 2023 Fewer architecture firms report declining billings in January compared to billing activity in December, according to a new report today from The American Institute of Architects (AIA). AIA’s Architecture Billings Index (ABI) score for January was 49.3 * compared to 48.4 in December (any score below 50 indicates a decline in firm bill
Wealth Management
FEBRUARY 22, 2023
In addition to analyzing the economics of a distressed position, real estate owners must consider the tax implications of the various outcomes surrounding debt. In the worst-case scenario of a foreclosure, not only can an owner lose a property, but also be subject to income tax on phantom income.
Nationwide Financial
FEBRUARY 22, 2023
The uncertain forecast for the U.S. economy in the near term has not only contributed to widely disparate expectations about the path of Federal Reserve interest rate policy. Still, it has also created new words and phrases that have confounded many investors. (Think “transitory inflation” or “soft landing.”) The latest expression buzzing through the financial media is “immaculate disinflation,” which refers to the possibility of inflation falling quickly to the Fed’s 2% target with minimal econ
NAIFA Advisor Today
FEBRUARY 22, 2023
Eric Bottolfsen, MBA , is a Vice President at GoldBook Financial and a financial planner with a passion for protecting the medical professionals and small business owners who make up Main Street USA. Getting Started Bottolfsen knew from an early age that he wanted a career in financial services. When he played Monopoly as a kid, he insisted on being the banker.
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.
Carson Wealth
FEBRUARY 22, 2023
Matt Kory, Vice President, Retirement Programs As a retirement income vehicle, the 401(k) is second in popularity only to Social Security – and as CNBC reported in 2019 the number of 401(k) millionaires is at an all-time high. But is a million dollars even enough for your retirement needs? Just think of the numbers. People are living longer these days, and that number is only going up.
MarketWatch
FEBRUARY 22, 2023
Moderna Inc. MRNAand Merck Inc. MRK shares increased in after-hours trading Wednesday after the pharmaceutical companies announced that a cancer-vaccine candidate received the “breakthrough therapy” designation from the Food and Drug Administration. The designation, which allows for expedited review of a candidate, was granted after a Phase 2b study of the personalized vaccine — known as mRNA-4157/V940 — in combination with Merck’s Keytruda.
Wealth Management
FEBRUARY 22, 2023
Institutional Investor examines the assumption that REITs can always hedge inflation. Some Amazon employees ask management not to make them return to in-office work, reports Gizmodo. These are among today’s must reads from around the commercial real estate industry.
Advisor Perspectives
FEBRUARY 22, 2023
Gold investors are betting the Fed will continue to be negligent with its monetary policy.
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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
FEBRUARY 22, 2023
News Corp. said in its statement that it will “actively assess opportunities” as it continues a strategy of optimizing the value of its online real estate segment. The company has received interest from other potential buyers, said a person familiar with the talks who asked not be identified because they are private.
Validea
FEBRUARY 22, 2023
By Jack Forehand, CFA, CFP® ( @practicalquant ) — We all want to own great companies. We look at Warren Buffett’s success and want to own the same types of businesses he did. We love high returns on capital. We love great brands. We love strong balance sheets. We love MOATs and consistent earnings. The logical progression from that idea is that building a portfolio of high-quality companies should lead to great investment returns over time.
Wealth Management
FEBRUARY 22, 2023
The Financial Professional Coalition will cater to the “rank-and file” of the industry by offering specific, non-legal assistance for reps and support staff.
Advisor Perspectives
FEBRUARY 22, 2023
The economics behind the “super OSJ” brokerage model are unsustainable. Those firms are destined to transition to RIAs.
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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
FEBRUARY 22, 2023
During the fourth quarter of 2022, 66 independent financial professionals affiliated with the tax-centric broker/dealer.
eMoney Advisor
FEBRUARY 22, 2023
Amid the Great Wealth Transfer, with $84 trillion set to be passed between generations in the next two decades 1 , there’s a question you must ask yourself: Are your clients’ adult children prepared to inherit? And if they’re unprepared—or worse, if the family estate planning strategies are less than buttoned up—how will that affect your practice down the line?
Wealth Management
FEBRUARY 22, 2023
Regulators are investigating Wells' retention of employee communications over unapproved messaging apps.
MarketWatch
FEBRUARY 22, 2023
Intel Corp. INTC is cutting its dividend, the chip company announced Wednesday. Intel will pay a quarterly dividend of $0.125 a share, whereas the company’s prior quarterly dividend was $0.365 a share. That amounts to a roughly 66% cut. “The decision to decrease the quarterly dividend reflects the board’s deliberate approach to capital allocation and is designed to best position the company to create long-term value,” the company said in a release.
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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
FEBRUARY 22, 2023
The affluent are seeking out new investment opportunities domestically and abroad.
MarketWatch
FEBRUARY 22, 2023
Tesla Inc. TSLA announced late Wednesday a new engineering headquarters at a former Hewlett Packard building in Silicon Valley. In a joint appearance, California Gov. Gavin Newsom and Tesla Chief Executive Elon Musk highlighted Tesla’s California roots. “It’s a point of pride for me and it always has been that Tesla is a California company,” Newsom said.
Advisor Perspectives
FEBRUARY 22, 2023
Silver is more volatile, cheaper and more tightly linked with the industrial economy. Gold is more expensive and better for diversifying your portfolio overall.
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