The Big Picture

NOVEMBER 6, 2023

Source: Chartr We talked about this 2 weeks ago , but the nation missed a fantastic opportunity to refinance all of the outstanding US debt at much lower levels. Every corporate debt issuer and homeowner in America refinanced at lower rates — except for Uncle Sam. If you were in Congress from 2015-2021, you are the reason why HALF of the projected federal debt will soon be interest payments.

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Budgeting 312

Abnormal Returns

NOVEMBER 6, 2023

Podcasts Brendan Frazier on how your clients change will inevitably over time. (wiredplanning.com) Michael Kitces talks with Jon Henderson who is the Founder and CIO for Echo45 Advisors about building a tech stack for a breakaway advisory firm. (kitces.com) Dan Haylett talks with Phil Pearlman about the relationship between health and wealth. (humansvsretirement.com) Custodians Charles Schwab ($SCHW) is laying off staff post-TDA closing.

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Wealth Management Retirement Planning Tax Planning Financial Advisor 233

Nerd's Eye View

NOVEMBER 6, 2023

Welcome to the November 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that Practice Intel has launched a new "growth platform" centered around quantifying the quality of an advisor's client relationships with an all-in "Relationship Quality Index" (RQI) – which while

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Compliance Valuation Financial Advisor Clients 204

Abnormal Returns

NOVEMBER 6, 2023

Markets A five-step framework for reading market news. (tker.co) By these measures, small cap stocks are cheap. (morningstar.com) What happens historically after a Zweig Breadth Thrust? (quantifiableedges.com) Strategy Failure is inevitable when it comes to investing. (mrzepczynski.blogspot.com) Five benefits of higher rates on cash, including no drag on holding an emergency fund.

Financial Advising 205

Financial Advising Media Economy Economics 205

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.

Accounting

Calculated Risk

NOVEMBER 6, 2023

From the Federal Reserve: The October 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices The October 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the third quarter of 2023.

Banking 124

Banking Government 124

Trade Brains

NOVEMBER 6, 2023

Fundamental Analysis Of Force Motors : Transportation is necessary for trade and commerce to exist. Successful businesses and the economy both rely on the movement of people. In light of the COVID lockdown and resulting slowdown in the economy, we have begun to observe a recovery in business, and this growth is reflected in the price of its shares. In this article, we’ll analyze Force Motors fundamentals as a company that deals in commercial vehicles for the auto industry.

Planning 105

Planning Transportation Engineering Manufacturing 105

Wealth Management

NOVEMBER 6, 2023

Next gen clients have shown themselves to be less focused on tax implications and traditional investment returns, and more keen on making an impact both via their gifting and investing.

Investing 120

Investing Investments Taxes Clients 120

Cornerstone Financial Advisory

NOVEMBER 6, 2023

Weekly Market Insights: Stocks Rise, Jobs Cool Presented by Cornerstone Financial Advisory, LLC Stocks ripped higher last week on a dramatic retreat in bond yields triggered by easing inflation and a slowing labor market. The Dow Jones Industrial Average jumped 5.07%, while the Standard & Poor’s 500 surged 5.85%. The Nasdaq Composite index rocketed 6.61% higher for the week.

Marketing 101

Marketing Marketing Taxes Economics 101

Wealth Management

NOVEMBER 6, 2023

The expected bankruptcy filing by WeWork could deal another blow to New York’s struggling office market, reports The New York Times. Alternative investment managers have filed a lawsuit against the SEC over its attempts to regulate private funds. These are among the must reads from the real estate investment world to kick off the new week.

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Management Investing Investments Marketing 116

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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.

Banking

Random Roger's Retirement Planning

NOVEMBER 6, 2023

The fund in question is the Simplify Tail Risk Strategy ETF (CYA). The fund owns a lot of puts and should go up a lot in the face of a crash but not necessarily a slow protracted decline like there was in 2022. According to Portfoliovisualizer, CYA dropped 46.10% in 2022. Here's what caught my eye that it might have blown up. It was already down a lot to be at $5.44 on October 27th but it looks like last week's S&P 500 rally crushed the fund.

Math 97

Math Education Management Taxes 97

Wealth Management

NOVEMBER 6, 2023

PE-style “whitelists” hamper efforts to expand the secondary market for fund stakes, as regulators raise liquidity concerns about private capital.

Assets 114

Assets Marketing Marketing 114

Carson Wealth

NOVEMBER 6, 2023

Last week, we discussed how stocks moved into a 10% correction after falling the previous three months. We also noted that this was normal, as 22 of the past 44 years saw a 10% correction, with many of those years still finishing much higher. Although many were worried, the economy remained quite strong and odds were high the Fed was done hiking rates.

Marketing 96

Marketing Marketing Economy Numbers 96

Wealth Management

NOVEMBER 6, 2023

Catchlight.ai, the AI-powered lead optimization tool developed by Fidelity Labs, now matches unique messages to different groups of convertible prospects.

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Marketing Marketing 111

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.

Financial Advice

XY Planning Network

NOVEMBER 6, 2023

Seven years ago XYPN started conducting an annual benchmarking survey of its members to provide data-backed firm journey analysis for fee-for-service financial planning firms. With each year, the resulting Benchmarking Study has painted a clearer and more intricate picture for planners looking to map out their own firm journeys during their implementing, building, and scaling phases.

Fee Only 94

Fee Only Financial Planning Planning Clients 94

Wealth Management

NOVEMBER 6, 2023

The CEO of Banrion Capital Management discusses the importance of alternative investments in portfolio planning.

Investing 128

Investing Investments Portfolio Planning 128

Alpha Architect

NOVEMBER 6, 2023

This paper focuses on "organization capital," representing intangible assets in a firm's key employees that is not captured by classic value measures such as book-to-market. The authors propose a structural model to analyze the impact of organizational capital on asset prices and argue that shareholders perceive firms with high levels of organizational capital to be riskier than those with more physical capital.

Assets 87

Assets Marketing Marketing Government 87

Wealth Management

NOVEMBER 6, 2023

An insightful conversation on how innovation, AI and other cutting-edge tools are preparing advisors for the great wealth transfer.

Planning 114

Planning 114

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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.

Banking

Million Dollar Round Table (MDRT)

NOVEMBER 6, 2023

By Joyce Chan Financial advisors often work in highly saturated markets, leaving prospects unsure of why they should pick one advisor over another. By having a personal brand, though, you’ll stand out from the crowd. A personal brand allows you to consistently communicate what makes you different from your competitors. Because of personal branding, my business model shifted from a hunting model, where I spent lots of time prospecting, to an attraction model, which is where prospects contact me r

Clients 82

Clients Financial Advisor Communication Media 82

Wealth Management

NOVEMBER 6, 2023

Republic Capital Group moves headquarters from Houston to New York City’s Rockefeller Plaza in bid for proximity & talent.

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Advisor Perspectives

NOVEMBER 6, 2023

You have nothing to lose when you increase your fees to match the value you deliver. Advisors chronically undercharge for the value they provide.

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Wealth Management

NOVEMBER 6, 2023

Avantax said the decline was due to attrition of lower producing advisors as it moves closer to finalizing a sale to Cetera later this month.

Recruitment 106

Recruitment Assets Sales 106

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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!

Accounting

A Wealth of Common Sense

NOVEMBER 6, 2023

Today’s Talk Your Book is brought to you by the US Benchmark Series: On today’s show, we spoke with Alex Morris, Co-Founder and CIO of the US Benchmark Series by F/m Investments to discuss making bets on interest rates and duration risk. On today’s show, we discuss: Thinking about lengthening bond duration Making bets on interest rate movements Timing duration bets Asymmetries in the fixed-income marke.

Investing 69

Investing Investments 69

Wealth Management

NOVEMBER 6, 2023

A life settlement firm that went public via SPAC in July is getting into the wealth management business.

Wealth Management 114

Wealth Management Management 114

Advisor Perspectives

NOVEMBER 6, 2023

Five of the eight indexes on our world watch list posted gains through November 6, 2023. Tokyo's Nikkei 225 finished in the top spot with a YTD gain of 25.35%. The U.S.'s S&P 500 finished in second with a YTD gain of 14.17% while India's BSE SENSEX finished in third with a YTD gain of 5.98%.

Marketing 64

Marketing Marketing 64

Wealth Management

NOVEMBER 6, 2023

Leaders from all sectors of the 401(k) industry gathered at the RPA Broker/Dealer Roundtable in New York City.

Retirement 107

Retirement 107

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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.

Communication

Financial Symmetry

NOVEMBER 6, 2023

One of the things we pride ourselves on is the unwavering commitment to ensuring that our clients receive impeccable service. As we grow, our dedication to strengthening our client relationships remains a top priority. Keeping this in mind, we’re beyond … Continued The post Molly Kaminski and Garrison Weaver Join Financial Symmetry appeared first on Financial Symmetry, Inc.

Clients 64

Clients 64

Wealth Management

NOVEMBER 6, 2023

An overview of the new fiduciary reporting requirements for trustees and their advisors.

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114

Calculated Risk

NOVEMBER 6, 2023

From Matthew Graham at Mortgage News Daily: Mortgage Rates Erase Some of Last Week's Huge Improvement In and of itself, today would rank among the handful of "worst days" of any given year in term of mortgage rate movement. In other words, comparing today's rates to Friday's shows a big jump relative to the average day. Specifically, most lenders are offering rates that are at least an eighth of a percent (.125%) higher versus Friday morning.

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