The Big Picture
JULY 11, 2023
The transcript from this week’s, MiB: Jenny Johnson, Franklin Templeton CEO , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , Stitcher , Google , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.
The Reformed Broker
JULY 11, 2023
Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►June Inflation – “Last mile of the inflation fight will be the hardest” ►The Consumer is Ok – US consumer borrowing slowed to a more than two-year low in May, reflecting the first decline in non.
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The Big Picture
JULY 11, 2023
My-Tuesday morning train WFH reads: • When Will Interest Rates Really Start to Matter? For the longest time pundits predicted interest rates would go higher yet they did nothing but go lower year after year. Then when rates hit 0% it seemed like everyone assumed we would experience lower rates forever…just in time for rates to rise higher than anyone thought was possible in such a short period of time.
Nerd's Eye View
JULY 11, 2023
Welcome back to the 341st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Thor McIlrath. Thor is the Owner of McIlrath & Eck, an independent RIA based in Arlington, Washington, that oversees more than $610 million in assets under management for 970 client households. What's unique about Thor, though, is how he has structured his firm so that clients rotate through different advisors at the firm each time they come in for a meeting, eschewing the traditional
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 Reformed Broker
JULY 11, 2023
Tech needs continued pricing power to justify the multiples: NB Private Wealth’s Shannon Saccocia from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
JULY 11, 2023
David Geake solicited an elderly couple to pledge securities as collateral for a bank loan to support a startup the rep had invested in, but the couple allegedly lost their money when the company failed.
Calculated Risk
JULY 11, 2023
From Dodge Data Analytics: Decline in Institutional Planning Drops Dodge Momentum Index Down 3% in June The Dodge Momentum Index (DMI), issued by Dodge Construction Network, declined 2.5% in June to 197.3 (2000=100) from the revised May reading of 202.4. Over the month, the commercial component of the DMI rose 3.1%, while the institutional component sunk 10.5%.
Wealth Management
JULY 11, 2023
Commercial Observer looks at the details of giving back an underwater commercial building back to the lender. The CLO market looks primed for a reset, reported Bloomberg. These are among today’s must reads for investors from around the commercial real estate industry.
Million Dollar Round Table (MDRT)
JULY 11, 2023
By Bryce Sanders We were trained to ask clients for referrals. Yet, the word “referral” is an industry term that carries a problematic salesy connotation. It’s like saying, “Do you know anyone I could sell something to?” Fortunately, there are several ways agents and financial advisors can ask for referrals that doesn’t sound like a sales pitch.
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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
JULY 11, 2023
Raymond James will pay more than $12 million to settle charges of 'unreasonable commissions' on transactions, according to state regulators.
Alpha Architect
JULY 11, 2023
Standardized Performance Factor Performance Factor Exposures Factor Premiums Factor Attribution Factor Data Downloads Global Factor Performance: July 2023 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Wealth Management
JULY 11, 2023
Avantax has engaged a financial advisor to see if there’s interest from potential buyers, but the firm may not end up selling, Bloomberg reports.
The Irrelevant Investor
JULY 11, 2023
Today’s Animal Spirits is brought to you by YCharts: See YCharts latest monthly market wrap for June here. On today’s show, we discuss: Getting Long-Term Bullish America’s Retirees Are Investing More Like 30-Year-Olds Disney World Hasn’t Felt This Empty in Years The ‘Great Resignation’ Is Over. Can Workers’ Power Endure? Housing Market Update: The Average U.S.
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
JULY 11, 2023
AI is here to stay and has the potential to radically transform how commercial real estate stakeholders operate and transact.
FMG
JULY 11, 2023
We’re sharing Tuesday’s resources to help you better engage clients and prospects, no matter the channel you’re focused on. Your Daily Digital Marketing Schedule via Advisorpedia If you are creating content consistently, then it’s crucial that you’re keeping up with everything you need to be posting. Maintaining a schedule is so important when it comes to the success of your strategy.
Calculated Risk
JULY 11, 2023
Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in June A brief excerpt: This is the second look at local markets in June. I’m tracking a sample of about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.
Wealth Management
JULY 11, 2023
Advisors using Helios now have the ability to customize the firm’s model portfolios to reflect their or their clients’ personal preferences.
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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.
Advisor Perspectives
JULY 11, 2023
When it comes to working with CPAs, you’re a little too Felix and they’re a little too Oscar. But how can you make it work for the benefit of your clients?
Wealth Management
JULY 11, 2023
Active investors are engaging in a massive transfer of wealth—from their own wallets into those of active managers.
Advisor Perspectives
JULY 11, 2023
The headline number for the NFIB Small Business Survey increased to 91.0 in June. The latest reading was just above the forecast of 89.9. This marks the 18th consecutive month the index has been below the series average of 98.1. The index is at the 10th percentile in this series.
Wealth Management
JULY 11, 2023
SMArtY is meant to appeal to advisors who want to use models yet do not have access to sophisticated SMArtX UMA technology.
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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
JULY 11, 2023
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, The Consumer Price Index for June from the BLS. The consensus is for a 0.2% increase in CPI, and a 0.3% increase in core CPI.
Wealth Management
JULY 11, 2023
Wealthtech Survey shows a strong year for tech Investments.
A Wealth of Common Sense
JULY 11, 2023
My general theory about the internet is nothing is properly rated anymore because there are so many opinions out there today.1 The same is true when it comes to personal finance. Everything is probably over- or underrated. Here are 3 financial concepts I think are overrated: 1. Eff-you money. Having enough money to do whatever you want whenever you want is the dream.
Wealth Management
JULY 11, 2023
JC Abusaid provides a roadmap for other RIA firms to learn from and follow as they look to expand their talent base.
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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.
Trade Brains
JULY 11, 2023
Best Low PE Mid Cap Stocks : The most common buyer psychology is to get more for less money, isn’t it? But most of them are neither ready to pay more nor ready to comprise in quality. The same applies to stocks also, and this is where stock P/E comes into the picture. Low P/E stocks indicate greater potential for growth of the company. Adding on to the above point, many industry experts suggest that investment in the mid-cap is a less risky option as they are not volatile as a small-cap stock.
Steve Sanduski
JULY 11, 2023
Guest: Cheryl Strauss Einhorn. Cheryl is the creator of The AREA Method, an evidence-based decision making system that uniquely controls for and counters cognitive bias to expand knowledge while improving judgment. She developed AREA during her two decades as an award-winning investigative journalist, writing for publications including The New York Times, Foreign Policy Magazine, Barron’s, and Harvard Business Review.
Wealth Management
JULY 11, 2023
BlackRock Inc. expects the model-portfolio realm of money management to grow to a $10-trillion business over the next five years.
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