Tue.Nov 29, 2022

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#FA Success Ep 309: Leveraging Structured Notes To Differentiate A Highly-Leveraged $300M Solo Practice, With Anh Tran

Nerd's Eye View

Welcome back to the 309th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Anh Tran. Anh is the Founder and Managing Partner for SageMint Wealth, a corporate LPL-affiliated RIA based in Orange, California, that oversees nearly $325 million for 195 client households. What's unique about Anh, though, is how, as a solo advisor, she differentiates her firm by leveraging the combination of a high-touch concierge approach to client service with a unique investment mana

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10 Tuesday AM Reads

The Big Picture

My Two-for-Tuesday morning train WFH reads: • It’s not your imagination: Shopping on Amazon has gotten worse : The first page of Amazon results includes an average of about nine sponsored listings, according to a study of 70 search terms conducted in 2020 and 2021 by data firm Profitero. That was twice as many ads as Walmart displayed, and four times as many as Target. ( Washington Post ) See also How Amazon Become Ordinary : Amazon was never going to maintain a 50% market share of the growth i

Retail 144
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Research links: expensive protection

Abnormal Returns

Behavior Why investors hang on to losing stocks. (onlinelibrary.wiley.com) Corporate boards are strongly inclined to bring on new members with existing connections. (alphaarchitect.com) On the psychology of giving people no strings attached money. (wsj.com) Research Trend following loves macro volatility. (mrzepczynski.blogspot.com) Don't fool yourself when it comes to picking a proper benchmark.

Economics 130
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Elon Goes to War With Apple

The Reformed Broker

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: ?Record Sales – “Shoppers are expected to spend between $9 billion and $9.2 billion online on Friday” ?Credit Suisse looks Lehman-y – FTX stuff temporarily took everyone’s focus off this story, The post Elon Goes to War With Apple appeared first on The Reformed Broker.

Sales 130
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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The Thing That’s Hard About Markets

A Wealth of Common Sense

When Russia invaded Ukraine in late-February, the price of oil was a little more than $90 a barrel. It basically went straight up from there to well over $120 a barrel in about a week and a half. Gas prices quickly moved up as well, getting as high as more than $5 a gallon by early summertime. The energy picture felt bleak at the time and it seemed like it was only a matter of time until we broke through all-time highs in.

Marketing 125

More Trending

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Designing a Succession Plan That’s Right for You

Wealth Management

Though selling your business may sound simple in theory, what that looks like in practice is as unique as the people involved and can be completely different from one sale to another.

Planning 104
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Maximize Your 2022 Charitable Gifting Strategy

Mullooly Asset Management

The end of the year is a great time to consider charitable gifting. If you are feeling generous, want to make a difference in someone’s life, and want to reap potential tax benefits, this is the blog post for you! Before we go any further, when we talk about gifting strategies, we’re not talking about […].

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10 Must Reads for the CRE Industry Today (Nov. 30, 2022)

Wealth Management

More concern is being voiced by the commercial real estate industry over new challenges facing the office sector. Brookfield might be on the verge of becoming an even more influential dealmaker, according to Propmodo. These are among today’s must reads from around the commercial real estate industry.

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Uniparts India IPO Review – GMP, Strengths, & Much More!

Trade Brains

Uniparts India IPO Review : Uniparts India Limited is coming up with its Initial Public Offering. The IPO will open for subscription on November 30th, 2022, and close on December 2nd, 2022. It is looking to raise Rs 835.61 crore whole of which will be an Offer for Sale. In this article, we will look at the Uniparts India IPO Review 2022 and analyze its strengths and weaknesses.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

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FHFA House Price Index Inches Up in September

Advisor Perspectives

The Federal Housing Finance Agency (FHFA) has released its U.S. House Price Index (HPI) for September. U.S. house prices were up 0.1% on a seasonally adjusted nominal basis from the previous month. Year-over-year the index is up 11.0% on a non-seasonally adjusted nominal basis. After adjusting for inflation and seasonality, the index is down 0.13% in September and up 1.8% year-over-year (seasonally adjusted).

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Case-Shiller: National House Price Index "Continued to Decline" to 10.6% year-over-year increase in September

Calculated Risk

S&P/Case-Shiller released the monthly Home Price Indices for September ("September" is a 3-month average of July, August and September closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P: S&P Corelogic Case-Shiller Index Continued to Decline in September The S&P CoreLogic Case-Shiller U.S.

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Sales of Cannabis Real Estate Run into Some Challenges

Wealth Management

More states are legalizing marijuana. But so far, that hasn’t translated into much greater opportunities for real estate investment.

Sales 113
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Consumer Confidence Falls Again in November

Advisor Perspectives

The headline number of 100.2 was a decrease of 2.0 from the final reading of 102.2 for October.

Numbers 131
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Finding “The One:” The Ultimate Guide to Selecting Financial Software

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

As finance and accounting practitioners, you are expected to complete daily operations as well as to manage next generation tools and resources to support a business that is growing in complexity. Having the right software can be critical in juggling and meeting those high expectations. The path to the right software, however, is paved with challenging decisions.

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Succession Planning Then and Now With David Grau Sr.

Wealth Management

Grau reflects on the evolution of succession planning in this industry over the last eight years and where it’s headed in the future, as his own transition plays out.

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Animal Spirits: Getting Rich Quick

The Irrelevant Investor

Today’s Animal Spirits is brought to you by AcreTrader and Nasdaq: See here for more information on AcreTrader and here for AcreTrader disclosures See here for Nasdaq’s stock screener On today’s show we discuss: U.S. crude turns positive, Brent pares losses on OPEC+ cut rumors Was the Nasdaq 100 in a bubble? Fed minutes show most officials favored slowing rate rises soon Miami nightclubs mourn the absence.

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Atria Lures Former LPL Exec Bill Morrissey to Lead Independent Channel

Wealth Management

Atria says Morrissey will be deeply involved in the firm's evolution and bring the firm into the next phase of growth.

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The value of admitting a mistake

Million Dollar Round Table (MDRT)

By Matt Pais, MDRT Content Specialist Some leaders think they should look forward and remain firm at all times, even in the wake of a mistake. J.P. Pawliw-Fry, M.D., the co-founder of the Institute for Health and Human Potential, said his work with the NBA champion Chicago Bulls reflected the importance of acknowledging errors and demonstrating accountability in professional relationships.

Media 75
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Transforming Lending: Understanding the Power of Digital Platforms

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.

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Morgan Stanley’s Mike Wilson Recalls His Best Investment—His First

Wealth Management

The often-bearish US equity strategist talks about his career year, and why he likes steering clear of the herd.

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Playing Inflation Russian Roulette in Retirement

Advisor Perspectives

The question most asked by investors late last year, as Treasury bill yields hovered just above zero was “Where can I go for yield?” followed soon after by “What can I do to protect myself from inflation?

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SEC Bars Former LPL Rep That Pled Guilty to Stealing $2.8M

Wealth Management

James Couture pleaded to charges of wire fraud, aggravated identity theft and witness tampering in September.

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Weekly Gasoline Prices: Regular and Premium Down 10+ Cents

Advisor Perspectives

As of November 28, the price of Regular and Premium were down 11 and 12 cents each, respectively, from the previous week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $5.14 and Texas has the cheapest at $2.79. The WTIC end-of-day spot price closed at 77.24 and is down 3.5% from last week.

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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

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.

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Skience Rolls Out RightBRIDGE Integration

Wealth Management

The newly integrated business intelligence engine is meant to streamline Reg BI and DOL compliance.

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A retail conundrum: strong spending defies weak earnings

Nationwide Financial

With inflation remaining persistent, Q3 earnings reports from retailers suggest that the slowing macroeconomic environment is draining the power of the U.S. consumer. However, the slowdown is not affecting all retailers, at least not yet. For example, Home Depot reiterated its full-year guidance in its Q3 earnings report but noted that customer transactions were down.

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Deep Discounts Lure Record Number of Holiday Weekend Shoppers

Wealth Management

Retailers discounted generously on Black Friday and Cyber Monday this year in an effort to clear excess inventory and lure consumers who are increasingly strained by inflation. Those efforts drove foot traffic up.

Numbers 62
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How financial advisors should approach succession planning

Nationwide Financial

Key Takeaways. Succession planning is much more than just the act of selling your practice; there are many items to consider when planning the successful transition of your firm, like finding the right successor, client/relationship communications, receiving the proper value, and reducing taxes on the sale of your firm. Never assume that what worked well for you when you bought your practice or what your peers do is what is best for you and your firm when crafting a succession plan.

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The Blueprint for a Customer-Centric Digital Lending Experience

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.

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Charitable Giving Updates from Washington DC

Wealth Management

DAFs and crypto have caught the attention of Capitol Hill.

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Wednesday: GDP, ADP Employment, Job Openings, Pending Home Sales, Fed Chair Powell and More

Calculated Risk

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 8:15 AM: The ADP Employment Report for November. This report is for private payrolls only (no government). The consensus is for 200,000 jobs added, down from 239,000 in October. • At 8:30 AM: Gross Domestic Product (Second Estimate) and Corporate Profits (Preliminary), 3rd

Sales 52
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How to Choose a Broker-Dealer

Advisor Perspectives

Switching broker-dealers/RIAs is a monumental decision for financial advisors. This white paper will teach you how to successfully evaluate potential B-D/RIA partners and find the perfect fit for your financial practice by sharing valuable insights and advice from advisors who’ve been through the process of switching firms. How to identify your critical decision factors.