Abnormal Returns
FEBRUARY 5, 2024
Strategy Valuations matter, but using them in your investment process is a challenge. (entrylevel.topdowncharts.com) When does passive investing become a problem for valuing companies? (silverlightinvest.com) Companies Why are companies holding more cash these days? (hbr.org) A look at the tail winds behind the aggregates business. (fortunefinancialadvisors.com) It's hard to believe but Facebook is now 20 years old.
Nerd's Eye View
FEBRUARY 5, 2024
Welcome to the February 2024 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 financial planning software platform RightCapital has launched a workflow management tool called RightFlows to help advisors manage and assign steps in the financial planning process to team members
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Abnormal Returns
FEBRUARY 5, 2024
Podcasts Thomas Kopelman and Jacob Turner talk about how they manage their own finances. (podcasts.apple.com) Steve Chen talks with Brian Portnoy, founder of Shaping Wealth, about forming a holistic approach to wealth. (newretirement.com) Advisortech Advisers increasingly need to investigate which technology tools they can realistically adopt. (kitces.com) The latest in advisortech including Flourish launching a new annuity platform.
The Big Picture
FEBRUARY 5, 2024
Back in the bad old days of mainframes, “Time-sharing” was how computing power and database storage were provided to the large corporations that could afford it. Computing was less the purchase of goods than a service. The modern cloud-based era has seen the rise of “Software as a service” (SaaS).1 This approach was based on the idea that it was more cost-effective for the consumer and more efficient (and profitable) for the provider to offer computing operations as services instead of physicall
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.
Advisor Perspectives
FEBRUARY 5, 2024
I'm going to predict the future. Not the coming year. Not the markets. But the trends that will emerge in 2024 and will shape the future, which advisory firms can prepare for now so that the strong, gusty winds of change will howl at their backs instead of in their faces.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Norman Marks
FEBRUARY 5, 2024
A few years ago, my friend Dr. Rainer Lenz started talking about the internal auditor as the “gardener of governance”. In an article in EDPACS, Rainer explained (with my emphasis): Governance has been central to what internal auditing has been aspiring to do for a long time.
Wealth Management
FEBRUARY 5, 2024
Garrett, Perkins & Horton Advisory Partners and Brad Werner & Company joined the registered investment advisory platform under the Summit Growth Partners minority-ownership model.
Calculated Risk
FEBRUARY 5, 2024
Today, in the Real Estate Newsletter: Lawler: Update on Mortgage Rates and Spreads Brief excerpt: From housing economist Tom Lawler: For the second consecutive year 2023 saw high levels of volatility in the US fixed-income markets in general and the mortgage/MBS markets in particular. Unlike in 2022, however, key Treasury rates and mortgage/MBS yields ended 2023 close to where they began. 30-Yr CCMBS: Yield on “notional par” MBS derived from price for coupon closest to but below par and price fo
Wealth Management
FEBRUARY 5, 2024
Andrew Ober has worked in the industry for over 40 years, including a multi-decade stint at Merrill Lynch. He’s joining Raymond James' independent advisor channel.
Advertisement
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.
XY Planning Network
FEBRUARY 5, 2024
Hey there, RIA owners! Ready to kick your sales strategy up a notch? Whether you're a seasoned pro or considering diving into entrepreneurship, we have 30 actionable tips to help you convert your prospects into clients! We understand the importance of removing the "sell" from Sales and utilizing those conversations instead as an opportunity to build stronger client relationships even before engagement.
Wealth Management
FEBRUARY 5, 2024
The investment manager has grouped its private credit, real estate equity and debt, private equity and other strategies under the PGIM Private Alternatives banner with plans to grow its menu of investments further.
The Irrelevant Investor
FEBRUARY 5, 2024
14,000 views for a new show in just over twelve hours. It turns out that there are a lot of people who are excited about this sort of sober, thoughtful analysis. The format of financial television does not allow for this type of show. We have the luxury of not having to worry about commercial breaks or knee-jerk reactions that might be stale thirty minutes later.
Wealth Management
FEBRUARY 5, 2024
Some compliance experts took issue with a recent Michael Kitces podcast that appeared to endorse a marketing strategy that includes soliciting and reposting clients’ Google reviews.
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
FEBRUARY 5, 2024
Selecting the appropriate technologies for your wealth management firm is a daunting task, but by adhering to a systematic approach, you will identify the solutions that will drive your business forward.
Wealth Management
FEBRUARY 5, 2024
For advisors and estate planners working impulsive clients, it is important to distinguish between risky behavior and sub-optimal decision-making.
Cornerstone Financial Advisory
FEBRUARY 5, 2024
Weekly Market Insights: Investors Move Past Mixed Fed Message Presented by Cornerstone Financial Advisory, LLC Stocks pushed higher last week as investors cheered mega-cap tech corporate reports and a better-than-expected employment report. Stocks At New Highs At the beginning of the week, stocks surged, anticipating fourth-quarter corporate updates from tech companies and the Federal Reserve’s two-day policy meeting; this led to the S&P 500 Index reaching a new record high on Monday.
Wealth Management
FEBRUARY 5, 2024
Osaic’s acquisition of Lincoln will have minimal impact on the wealth management firm’s debt leverage and interest coverage, the ratings agencies said.
Advertisement
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
FEBRUARY 5, 2024
From the Federal Reserve: he January 2024 Senior Loan Officer Opinion Survey on Bank Lending Practices The January 2024 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 fourth quarter of 2023.
Wealth Management
FEBRUARY 5, 2024
Avantax filed another lawsuit against Mariner Wealth, as well as Molly Nelson, an advisor who left the firm (and filed her own suit against Avantax).
A Wealth of Common Sense
FEBRUARY 5, 2024
Today’s Talk Your Book is brought to you by StepStone: See here to learn more about investing in StepStone Private Wealth strategies and here for disclosure information On today’s show, we are joined by Bob Long, CEO of StepStone Private Wealth to give us insight into their infrastructure strategy. On today’s show, we discuss: What types of businesses StepStone is investing in How liquidity works with.
Wealth Management
FEBRUARY 5, 2024
State Street’s exchange-traded fund assets under management more than doubled to $1.2 trillion during Thompson’s nearly six-year tenure at the firm.
Advertisement
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!
Advisor Perspectives
FEBRUARY 5, 2024
The Institute of Supply Management (ISM) has released its January services purchasing managers' index (PMI). The headline composite index is at 53.4, surpassing the 52.0 forecast. The latest reading marks the 13th straight month the index has been expansion territory.
Wealth Management
FEBRUARY 5, 2024
The 11 new spot bitcoin ETFs were among the more than 50 new ETFs that debuted in January.
Advisor Perspectives
FEBRUARY 5, 2024
The January U.S. services purchasing managers' index (PMI) conducted by S&P Global came in at 52.5, just below the 52.9 forecast. The latest reading keeps the index in expansion territory for the 12th straight month and is the highest level for the index in the past seven months.
Wealth Management
FEBRUARY 5, 2024
Breaking down the four major fintech record keepers.
Advertisement
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.
Financial Symmetry
FEBRUARY 5, 2024
One of the greatest joys in life (well, for me, personally) is traveling abroad. Before embarking on an international trip, you may have marked off the usual checklist items of packing your luggage, booking a place to stay, hiring a … Continued The post Financial Tips for Traveling Abroad appeared first on Financial Symmetry, Inc.
Advisor Perspectives
FEBRUARY 5, 2024
Here is a look at real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq composite since their 2000 highs. We've updated this through the January 2024 close.
Calculated Risk
FEBRUARY 5, 2024
From Matthew Graham at Mortgage News Daily: Mortgage Rates Launched Back Over 7% by Strong Economic Data Last Friday was the worst day for mortgage rates in over a year in terms of day-over-day movement (October 19th, 2023 remains the worst day in decades in terms of outright levels with 30yr fixed rates over 8%). Monday added insult to injury with another sharp increase that took the average top tier conventional 30yr fixed rate back over 7% for the first time since December 12th.
Expert insights. Personalized for you.
233 
Let's personalize your content