The Big Picture
JUNE 23, 2023
My end-of-week morning train WFH reads: • What Was Nate Silver’s Data Revolution? Silver, a former professional poker player, was in the business of measuring probabilities. Many readers mistook him for an oracle. ( New Yorker ) • Boaz versus BlackRock: the fight over closed-end funds : Saba founder says he never planned to be an activist investor.
Nerd's Eye View
JUNE 23, 2023
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week’s edition kicks off with the news that amid a flurry of SEC-proposed rules for investment advisers, the Investment Adviser Association this week called on the regulator to assess whether the compliance burden these regulations would put on advisers outweighs the potential benefits and, if adopted, to consider rolling them out on a staggered basis to give advisers sufficient time to implement them.
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The Reformed Broker
JUNE 23, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Mark Newton, and Downtown Josh Brown discuss market sentiment, buying the dip, the DeMARK Indicator, fundamental vs technical analysis, industrials, commodities, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!
Abnormal Returns
JUNE 23, 2023
The biz Spotify's ($SPOT) podcasting plans are unraveling. (theverge.com) Who listens to true crime podcasts? (pewresearch.org) Companies Benjamin Gilbert and David Rosenthal talk with Uber ($UBER) CEO Dara Khosrowshahi. (acquired.fm) Jesse Pujji talks with Joe Frankenfield, Portfolio Manager at Saga Partners, about the business of Roku ($ROKU). (joincolossus.com) Economy Michael Klein talks with Steven Durlauf about inter-generational changes in income.
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.
The Big Picture
JUNE 23, 2023
Pete & I discuss Inflation, the Fed, and even get into Swiss Banking Secrecy laws. Its a fun romp through current news items and related topics. SUPD 868 Barry Ritholtz on Inflation, The Fed, Bank Rules work and Golf doesn’t The post SUPD: Inflation & The Fed appeared first on The Big Picture.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Advisor Perspectives
JUNE 23, 2023
Amazon.com Inc.’s cloud unit is building a program to help customers develop and deploy new kinds of artificial intelligence products as the biggest seller of cloud services tries to match Microsoft and Google in the market for so-called generative AI.
Wealth Management
JUNE 23, 2023
Geller moved into West Palm Beach, Waverly Advisors moved into Austin and NewEdge Wealth moved into the Bay Area this week, as more than $10 billion in assets was transacted.
Trade Brains
JUNE 23, 2023
Best Dividend Stocks Under Rs 100 : With the economy being what it is today, the value of currencies isn’t the same as it used to be. This makes getting your money’s worth for any purchase or investment, that much more difficult. Fortunately, we have come up with something creative for the dividend investor in you. Dividend stocks are assets that satisfy investors by regularly rewarding them with dividends.
Advisor Perspectives
JUNE 23, 2023
Amid fears of a recession, the S&P 500 is up more than 14% this year, and AI stocks have risen many times more than that. But the market is not in a bubble, according to Jeremy Siegel.
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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
JUNE 23, 2023
Under the Gateway Growth Partnership, the OSJ will take a 15%-20% revenue stake in the advisor’s practice, in exchange for cash and equity in the firm's holding company.
MarketWatch
JUNE 23, 2023
GSK UK:GSK shares surged 6% in London action as the U.K. pharmaceutical said it reached a settlement over its Zantac heartburn medication litigation with a plaintiff in California ahead of the trial slated to start July 24 in state court. Other companies impacted by Zantac litigation fears, Haleon UK:HLN and Sanofi FR:SAN, also advanced though not by as much.
Integrity Financial Planning
JUNE 23, 2023
The 1980s were a magical time when children enjoyed simple yet exciting activities that fostered creativity, exploration, and social interaction. Nowadays, many kids are glued to their screens, missing out on the fun of traditional outdoor play. So, let’s take a trip down memory lane and rediscover some of the most entertaining ’80s summer activities that can still be enjoyed today.
MarketWatch
JUNE 23, 2023
The U.S. Food and Drug Administration on Friday issued its first draft guidance on psychedelic drug clinical trials, outlining considerations for companies investigating the drugs’ potential to treat psychiatric and substance-use disorders and other medical conditions. Psychedelics are increasingly drawing attention from researchers, biotech companies and investors interested in their potential to help address the U.S. mental-health crisis.
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
JUNE 23, 2023
Digital asset custody and trading services from Fidelity Digital Assets will be accessible within Wealthscape.
MainStreet Financial Planning
JUNE 23, 2023
There are a few specialized financial tools for individuals with disabilities. ABLE (Achieving a Better Life Experience) accounts are one of those options. ABLE accounts are specialized savings accounts designed to help individuals with disabilities and their families save and invest money for disability-related expenses. ABLE accounts were created with the passage of the ABLE Act in 2014 and are intended to provide individuals with disabilities a way to save funds without jeopardizing their eli
A Wealth of Common Sense
JUNE 23, 2023
There are three things you can generally do with your money: you can spend it, you can save it or you can invest it. As Americans, we LOVE to spend it. It’s likely one of our greatest collective talents and it’s a big reason the consumer makes up something like 70% of the economy. The crazy thing is, the pandemic made us all want to spend even more money.
The Irrelevant Investor
JUNE 23, 2023
Articles What you believe to be true is influenced by how much you want it to be true. (By Morgan Housel) Hope requires imagination – and imagination requires work (By Kyla Scanlon) This is the world in thirty years if even a fraction of the startups today succeed. (By Packy McCormick) The ‘most popular prediction’ coming into 2023 was that stocks would tumble during the first half of the year before ra.
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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
JUNE 23, 2023
By 2045, millennials and Gen X are projected to control 80% of all private wealth.
Clever Girl Finance
JUNE 23, 2023
If you’re wondering, “What can I sell to make money from home?” we’ve got you! No matter what items you have, we can help you sell them. With these ideas, you can generate extra cash right from the comfort of your own home. Below are 39 ideas! Table of contents What can I sell to make money from home easily? 39 great ideas Expert tip What to do with the money you earn What can I sell to get $1,000 dollars?
Alpha Architect
JUNE 23, 2023
The “Intangible Value Factor” (IHML) can play an additive role in factor portfolios alongside the established market, size, value, quality, and momentum factors. This Six-Factor Model avoids the problematic “anti-innovation” bias of traditional factor portfolios and can be easily implemented using ETFs. Intangible Value: Modernizing the Factor Portfolio was originally published at Alpha Architect.
MarketWatch
JUNE 23, 2023
Elon Musk’s SpaceX seeks to increase its valuation to $150 billion, The Wall Street Journal reported late Friday, citing people familiar with the issue. The plan is to launch a new sale of employee shares at $81 a piece, the report said. That would come after a December sale that valued the aerospace company’s shares at $77, and at the time valued the company at about $140 billion.
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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!
Clever Girl Finance
JUNE 23, 2023
Going out to watch a movie, see a sports game, and attend a concert can be a fun way to spend your time, but it can also get pretty costly. But you don’t have to spend a ton of money to have a good time! There are tons of fun challenges to do at home to beat the boredom. Table of contents 28 Fun challenges to do at home 1. Accent and impressions challenge 2.
MarketWatch
JUNE 23, 2023
Sarepta Therapeutics Inc. SRPT , which yesterday scored a win with U.S. Food and Drug Administration approval of the first gene therapy for children with Duchenne muscular dystrophy, was downgraded Friday by analysts who are skeptical that Sarepta can expand the treatment’s narrow label. The treatment, Elevidys, was approved under the FDA’s accelerated approval pathway, which gives patients access to promising new treatments while the company conducts trials to confirm the expected clinical bene
Calculated Risk
JUNE 23, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Due to changes at the CDC, weekly cases are no longer updated. After the first few weeks, the pandemic low for weekly deaths had been the week of July 7, 2021, at 1,690 deaths (until recently). For COVID hospitalizations, the previous low was 9,821 (until recently). COVID Metrics Now Week Ago Goal Hospitalized 2 6,133 6,642 ≤3,000 1 Deaths per Week 2 653 709 ≤350 1 1 my goals to stop weekly posts, 2 Weekly for Cu
MarketWatch
JUNE 23, 2023
President Joe Biden on Wednesday plans to visit Chicago and deliver “a major address on ‘Bidenomics,’” the White House said Friday, adding that the term refers to “his vision for growing the economy from the middle out and the bottom up, not the top-down.” When asked about the address, White House press secretary Karine Jean-Pierre told reporters that it’s an “opportunity for the president to talk about his economic plan more broadly,” and she said it’s a “cornerstone speech.
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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.
Harness Wealth
JUNE 23, 2023
Estate planning is a critical component of a comprehensive financial plan. It involves deciding how your assets will be distributed upon your death or incapacitation. Furthermore, estate planning includes aspects such as tax minimization strategies, asset protection, and charitable giving. As you navigate the complexities of tax and financial planning for estate planning, a wealth manager or financial planner can offer invaluable assistance to optimize your financial strategy for future generati
MarketWatch
JUNE 23, 2023
Shares of Mercury Systems Inc. MRCY dropped more than 10% in the extended session Friday after the aerospace and defense company said it has named board member Bill Ballhaus as its interim president and CEO, effective Saturday, and that a search for a suitor has failed. Ballhaus succeeds Mark Aslett, who has resigned, also effective Saturday, Mercury said.
Calculated Risk
JUNE 23, 2023
From BofA: Overall, data since our last weekly publication moved up our 2Q GDP tracking estimate from 1.3% q/q saar to 1.4% and our 1Q GDP tracking remained at 1.8% q/q saar. [June 23rd estimate] emphasis added From Goldman: [W]e left our Q2 GDP tracking estimate unchanged at +1.8% (qoq ar). [June 22nd estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2023 is 1.9 percent on June 20, up from 1.8 perc
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