Abnormal Returns
FEBRUARY 6, 2024
Quant Academic research can inform, but saying it 'proves' something stretches credulity. (morningstar.com) There are more problems in academic finance than just p-hacking. (mathinvestor.org) A round-up of recent research white papers including 'Long-Term Private Equity Performance: 2000 to 2023.' (bpsandpieces.com) Active management Institutional investors do a better job buying stocks than selling them.
Nerd's Eye View
FEBRUARY 6, 2024
Welcome everyone! Welcome to the 371st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is David Savir. David is the Co-Founder and CEO of Element Pointe Family Office, a Fee-Only RIA based in Miami, Florida that oversees almost $1.6 billion in assets under advisement for 50 client households. What's unique about David, though, is that through his 8 years building Element Pointe and focusing exclusively on high and ultra-high-net-worth clients, he and his partner Ca
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The Big Picture
FEBRUARY 6, 2024
The transcript from this week’s, MiB: Tom Hancock, GMO Focused Equity , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is Masters in business with Barry Ritholtz on Bloomberg Radio. 00:00:10 [ Barry Ritholtz ] This week on the podcast, I have an extra special guest.
Advisor Perspectives
FEBRUARY 6, 2024
As advisors are striving for that truly personal touch with their clients (and how much more personal can you get than eye-to-eye), there is increased interest in more in-person prospecting events. My guest today will discuss how he and his team have unlocked the power of seminars, giving advisors and firms opportunities to make a lasting impression and turn intrigued prospects into clients.
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.
Wealth Management
FEBRUARY 6, 2024
Morningstar profiled the 15 funds that have destroyed the most wealth over the past 10 years. Investors who lost money on a deal are trying to shut down a real estate crowdfunding site. These are among the investment must reads we found this week for wealth advisors.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
FEBRUARY 6, 2024
The “Investor Choice Act” would prohibit b/ds and advisors from mandating client arbitration. Additionally, PIABA and other investor advocates are pressuring the SEC to ban the practice.
A Wealth of Common Sense
FEBRUARY 6, 2024
Vanity Fair ran a cover story last week about the new Apple Vision Pro: I suppose Tim Cook could have looked a little happier in this picture, but the aesthetics of the Vision Pro are not why you buy it. These things are going to look cringe for a while until we all get used to people wearing tech-laced ski goggles on their faces in public. What matters is the functionality once you’re inside this new world.
Wealth Management
FEBRUARY 6, 2024
The world’s second-largest asset manager added artificial intelligence to four so-called factor-based funds about a year ago just as the ChatGPT frenzy seized global markets.
Alpha Architect
FEBRUARY 6, 2024
The following factor performance modules have been updated on our Index website. Global Factor Performance: February 2024 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
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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
FEBRUARY 6, 2024
The next three months will prove critical in figuring out which of the new funds will be made available to the company’s clients, says LPL's Rob Pettman.
The Irrelevant Investor
FEBRUARY 6, 2024
Today’s Animal Spirits is brought to you by YCharts: See here for YCharts research on the best-performing ETFs of 2023 See here to register for the Future Proof Retreat in March! On today’s show, we discuss: Big tech stocks find little room for error after monster run US winning world economic war America Powers On via Goldman Sachs Why Tim Cook is going all in on the Apple Vision Pro GDPNow real GDP estimate.
Wealth Management
FEBRUARY 6, 2024
Ryan Poterack shuttered his own RIA to join Private Advisor Group’s, as part of the firm’s growing cohort of fee-only advisors.
Calculated Risk
FEBRUARY 6, 2024
Today, in the Real Estate Newsletter: ICE (Black Knight) Mortgage Monitor: "Positive Signs in Housing, Mortgage Markets" Brief excerpt: There have been very few low credit score mortgage originations. During the housing bubble, many of the low credit score loans were made through the private-labeled securities market. • In the absence of any meaningful private-labeled securities market, the rise in FHA delinquencies is worth watching, as FHA and VA loans can be early indicators of broader mortga
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
FEBRUARY 6, 2024
New Exec Ed Stober will work to develop relationships within the nascent family office / CPA structure.
Advisor Perspectives
FEBRUARY 6, 2024
Here are seven uncommon marketing tactics that were hyper-successful for the firms that used them.
Wealth Management
FEBRUARY 6, 2024
The Equity Design Group team cited consolidation at Osaic as one of the reasons for jumping to LPL.
Million Dollar Round Table (MDRT)
FEBRUARY 6, 2024
By Mike Beirne, Round the Table editor To get on an underwriter’s good side, submit an application that gives them a full picture of the client. “If there is full disclosure on something, and a good field agent stated, ‘We saw this issue; we’ve addressed it; this is the answer,’ then that helps the underwriter get to their answer quicker and there’s less pushback,” said Curtis Keehr, director of life underwriting at Prudential Financial.
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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
FEBRUARY 6, 2024
From the NY Fed: Credit Card and Auto Loan Delinquencies Continue Rising; Notably Among Younger Borrowers The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The report shows total household debt increased by $212 billion (1.2%) in the fourth quarter of 2023, to The report is based on data from the New York Fed’s nationally representative Consumer Credit Panel.
Wealth Management
FEBRUARY 6, 2024
This earnings season has produced results ranging from stellar to disappointing. That’s how diversification works.
Calculated Risk
FEBRUARY 6, 2024
Notes: This CoreLogic House Price Index report is for December. The recent Case-Shiller index release was for November. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: Job Growth Continues to Drive Annual Home Price Gains in December, CoreLogic Reports • Annual U.S. home price growth was 5.5% in December 2023 , the highest rate of appreciation recorded since January 2023. • Year-over-year U.S. home prices have recorded annual gains since
Advisor Perspectives
FEBRUARY 6, 2024
Household debt rose by $212 billion (1.23%) to $17.50 trillion in Q4 2023. All debt categories increased from the previous quarter for a second straight quarter. The increase in debt this month was largely driven by mortgage, credit card, and auto loan balances.
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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 6, 2024
The saying “you get out what you put in” is true for data too.
Advisor Perspectives
FEBRUARY 6, 2024
Never hesitant to rebrand an existing phenomenon, millennials and their Gen Z frenemies are admitting to having “money dysmorphia” — a feeling of insecurity around their financial situation even when the true picture reveals little cause for concern.
Calculated Risk
FEBRUARY 6, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, Trade Balance report for December from the Census Bureau. The consensus is the trade deficit to be $62.3 billion. The U.S. trade deficit was at $63.2 billion in November.
Advisor Perspectives
FEBRUARY 6, 2024
Here are some of my favorite digital tools that can help make running a growing financial advisory business easier.
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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.
Random Roger's Retirement Planning
FEBRUARY 6, 2024
Over the last couple of months there started to be more pundit sentiment that investors needed to add duration in the fixed income sleeve of their portfolios in belief that the shortest of rates had peaked, would start going down leading to the yield curve breaking out of its inversion and then intermediate and longer term yields would start working lower too.
Trade Brains
FEBRUARY 6, 2024
Entero Healthcare Solutions Limited IPO : coming up with its IPO issue of Rs. 1600 Cr which will open on 9th February 2024. The issue will close on 13th February and be listed on the exchange on 16th February 2024. In this article, we will look at the Entero Healthcare Solutions Limited IPO Review 2024 and analyze its strengths and weaknesses. Keep reading to find out!
Advisor Perspectives
FEBRUARY 6, 2024
Multiple jobholders account for 5.0% of civilian employment. The survey captures data for four subcategories of the multi-job workforce, the relative sizes of which we've illustrated in a pie chart.
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