Abnormal Returns
MARCH 6, 2024
Podcasts Barry Ritholtz talks with Meir Statman about values based-investing. (ritholtz.com) Howard Lindzon talks direct indexing with Mo Al Adham, Founder and CEO of Frec. (youtube.com) Carl Richards talks with Morgan and Gretchen Housel about using simple spending experiments. (podcasts.apple.com) Peter Lazaroff talks with Christine Benz about retirement withdrawal strategies.
Nerd's Eye View
MARCH 6, 2024
Financial advisors often discuss how futile it is to try and predict what will happen in the stock market, and yet the reality is that a core component of creating a financial plan involves making a prediction for how markets will behave, at least in the long run. An assumed rate of return is needed, for example, to illustrate how much a client might need to save for retirement, how much savings they'll have when they do retire, and how long their savings will last after they stop working.
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Calculated Risk
MARCH 6, 2024
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 9.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 1, 2024. The Market Composite Index, a measure of mortgage loan application volume, increased 9.7 percent on a seasonally adjusted basis from one week earlier.
Wealth Management
MARCH 6, 2024
If the claims are successful in their claims against the estate because it would void nearly $3 billion in deductions to the foundations claimed by the estate.
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.
Discipline Funds
MARCH 6, 2024
Following the financial crisis I was very vocal that lower interest rates and QE would not cause high inflation. This went against the prevailing theory that lower interest rates and more reserves in the banking system could cause a surge in bank lending as lower rates make loans more affordable and more reserves give banks more ability to “multiply” loans.
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Calculated Risk
MARCH 6, 2024
Fed's Beige Book Economic activity increased slightly, on balance, since early January, with eight Districts reporting slight to modest growth in activity, three others reporting no change, and one District noting a slight softening. Consumer spending, particularly on retail goods, inched down in recent weeks. Several reports cited heightened price sensitivity by consumers and noted that households continued to trade down and to shift spending away from discretionary goods.
Wealth Management
MARCH 6, 2024
New IRS data show the state’s share of US taxpayers making $1 million or more rose from 2019 to 2021. The same can’t be said of Florida, Texas and New York.
Calculated Risk
MARCH 6, 2024
Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt: Here is a graph of the year-over-year (YoY) change for these measures since January 2015. Most of these measures are through January 2024, except CoreLogic is through December and Apartment List is through February 2024. The CoreLogic measure is up 2.8% YoY in December, up from 2.7% in November, and down from a peak of 13.9% in April 2022.
Wealth Management
MARCH 6, 2024
Open, honest and candid discussion about the flexPATH lawsuit verdict, AI in DC plans, employee engagement, convergence and retirement plan advisor due diligence.
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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.
Random Roger's Retirement Planning
MARCH 6, 2024
Over the last couple of weeks I've sat in on a few industry related webinars including what I would call more of a direct sales presentation. I don't usually do a lot of this sort of thing but if nothing else these could help me take the temperature of what is going on in the RIA space outside my normal routine. If I was lucky, I'd learn some things which I am very interested in doing.
Wealth Management
MARCH 6, 2024
The SEC voted Wednesday to impose climate-disclosure requirements that will be significantly softer than those it proposed in March 2022 after the agency received thousands of comment letters and numerous litigation threats over the plan.
Calculated Risk
MARCH 6, 2024
From ADP: ADP National Employment Report: Private Sector Employment Increased by 140,000 Jobs in February; Annual Pay was Up 5.1% Private sector employment increased by 140,000 jobs in February and annual pay was up 5.1 percent year-over-year, according to the February ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”).
Wealth Management
MARCH 6, 2024
Beltz Ianni & Assoc., in Rochester, N.Y., has left LPL to become the sixth firm acquired by the indie RIA since its April 2023 debut.
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.
Advisor Perspectives
MARCH 6, 2024
A groundbreaking study has shifted the spotlight from data and numbers to a softer skill: emotional intelligence (EQ).
Wealth Management
MARCH 6, 2024
Serving as interim division head since 2022, Price will oversee organic growth and an accelerated acquisition strategy at the $10 billion firm.
A Wealth of Common Sense
MARCH 6, 2024
Today’s Animal Spirits is brought to you by YCharts: See here for YCharts’ new feature and get 20% off your initial YCharts subscription for new customers only! On today’s show, we discuss: How Bitcoin eats the equity market (via MicroStrategy) Is your 401k destroying capitalism? Auto insurance spike hampers the inflation fight The consumer is in good shape It’s me, hi, I’m the proble.
Wealth Management
MARCH 6, 2024
F2 Strategy's co-founder and CEO provides his take on the most important wealth management technology news of the last month.
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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.
Calculated Risk
MARCH 6, 2024
From the BLS: Job Openings and Labor Turnover Summary he number of job openings changed little at 8.9 million on the last business day of January, the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations were little changed at 5.7 million and 5.3 million, respectively. Within separations, quits (3.4 million) and layoffs and discharges (1.6 million) changed little. emphasis added The following graph shows job openings (black line), hires (dark
Wealth Management
MARCH 6, 2024
In addition to SmartAsset’s news, Advzyon has hired a Morningstar and Schwab veteran and F2 has acquired a marketing firm.
Advisor Perspectives
MARCH 6, 2024
The latest job openings and labor turnover summary (JOLTS) report showed that job openings were little changed in January. Vacancies inched down to 8.863 million from December's downwardly revised level of 8.889 million. The latest reading was higher than the expected 8.800 million vacancies.
Wealth Management
MARCH 6, 2024
Of all the options, organic growth allows advisors to retain the most autonomy and freedom from relying on luck or the whims of deal partners
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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!
Calculated Risk
MARCH 6, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 220 thousand initial claims, up from 216 thousand last week. • At 8:30 AM, Trade Balance report for January from the Census Bureau. The consensus is the trade deficit to be $61.7 billion.
Wealth Management
MARCH 6, 2024
Compliance isn’t rocket science, but it comes at a cost – both in terms of time and money.
Calculated Risk
MARCH 6, 2024
This testimony will be live here at 10:00 AM ET. Report here. From Fed Chair Powell: Semiannual Monetary Policy Report to the Congress. An excerpt on policy: We believe that our policy rate is likely at its peak for this tightening cycle. If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year.
Trade Brains
MARCH 6, 2024
Gopal Namkeen IPO Review : Gopal Namkeen is coming up with its IPO issue of Rs. 650 Cr which will open on 6th March 2024. The issue will close on 11th March and be listed on the exchange on 14th March 2024. So, in this article we will analyze and understand the Gopal Namkeen limited IPO Review with its Financials, GMP and more…. Keep reading to find out!
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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.
Advisor Perspectives
MARCH 6, 2024
Here's an interesting set of charts that will especially resonate with those of us who follow economic and market cycles. Imagine that five years ago you invested $10,000 in the S&P 500. How much would it be worth today, with dividends reinvested but adjusted for inflation? The purchasing power of your investment has increased to $16,454 for an annualized real return of 10.00%.
Truemind Capital
MARCH 6, 2024
A write-up by Sumit Duseja (co-founder and CEO, Truemind Capital) in LiveMint. Sebi introduced Registered Investment Adviser(RIA) as a category of intermediaries in 2013 to safeguard the interests of investors. RIAs are competent professionals offering unbiased and optimum investment advice to their clients. Nearly a decade thereafter of changes in regulations, challenges still prevail on the awareness of the benefits of hiring an RIA, limiting the growth of the profession.
Advisor Perspectives
MARCH 6, 2024
Treasuries held modest gains ahead of remarks from Federal Reserve Chair Jerome Powell and key labor-market data, which are set to test bond investors’ conviction about interest-rate cuts in the US.
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