The Big Picture

AUGUST 7, 2023

My back-to-work morning train WFH reads: • The Pandemic Small-Business Boom Is Fueling the US Economy : Startup registrations remain 42% ahead of 2019 levels, with growing numbers of companies founded by women and minorities. ( Businessweek ) • The Nifty Fifty => the Magnificent Seven : By May 1969, Buffett called it quits and wrote to advise his partners that he was closing the partnership: “I just don’t see anything available that gives any reasonable hope of delivering a good

Economy 243

Economy Startup Food Numbers 243

Abnormal Returns

AUGUST 7, 2023

Crypto PayPal ($PYPL) has launched its own stablecoin. (theverge.com) Five questions about the PayPal stablecoin. (coindesk.com) Companies How Apple ($AAPL) saves money on new chips manufactured by Taiwan Semi ($TSM). (theinformation.com) Uber ($UBER) seems to have threaded the needle. (youngmoney.co) A closer look at Berkshire Hathaway's ($BRK.A) second quarter results.

Financial Advising 218

Financial Advising Manufacturing Media Economy 218

Nerd's Eye View

AUGUST 7, 2023

Welcome to the August 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, 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 estate planning platform Wealth.com has launched Ester, an AI-driven 'legal assistant' that uses machine learning to help advisors quickly review and extract the key information from clients' estate plan

Estate Planning 199

Estate Planning Wealth Management Financial Advisor Planning 199

Abnormal Returns

AUGUST 7, 2023

Podcasts Daniel Crosby talks adviser self-care with Neil Bage who is the co-Founder of Shaping Wealth. (standarddeviationspod.com) Brendan Frazier talks with Justin Castelli about helping clients better align money and purpose. (wiredplanning.com) Meb Faber talks Future Proof and stock market valuation with Ben Carlson and Michael Batnick. (mebfaber.com) 401(k) plans More companies are offering Roth 401(k) options.

Financial Advising 130

Financial Advising Valuation Communication Clients 130

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.

Accounting

The Reformed Broker

AUGUST 7, 2023

You have never been to an event like this before. This is the one. You’ll be telling your colleagues years from now that you were there. Why am I so sure of this? We built it that way. That’s the purpose. You can earn continuing education credits on the internet, who cares. This is for people who want more out of their careers. Who want to network with the best practitioners in the space and learn from them.

Education 130

Education 130

Advisor Perspectives

AUGUST 7, 2023

Is it possible for economic news to be a little too good? If many economic worries seem to be dwindling, is that reason to be scared? After periods of success, are economies due for a comeuppance — perhaps even for reasons stemming from their earlier achievements?

Economy 98

Economy Economics 98

Wealth Management

AUGUST 7, 2023

Private credit funds are queueing up to jump on opportunities in the real estate space, reports The Real Deal. Simon Property Group may become more active in sales and acquisitions, the firm said in its latest earnings call. These are among the must reads from around the real estate investment world to start the new week.

Sales 98

Sales Investing Investments 98

Advisor Perspectives

AUGUST 7, 2023

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 July 31, 2023 close.

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Wealth Management

AUGUST 7, 2023

White-label technology lets advisors offer cash management services to clients, including access to high-yielding FDIC-insured depository accounts through a marketplace of banks and credit unions.

Banking 98

Banking Insurance Accounting Clients 98

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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.

Banking

Trade Brains

AUGUST 7, 2023

Best Tata Group Stocks Under Rs 500: Pratik Gandi starring as Harshad Mehta remarks in the famous ‘Scam 1992’ series, “Utha lo Tata ka koi bhi stock. Ek na ek din toh upar jana hi hai.” Not that it is investment advice, but it does highlight the strong faith Indian investors have in the Tata Group stocks. If you closely follow the house of Tatas, we have a gold mine for you.

Distribution 96

Distribution Manufacturing Portfolio Retail 96

Calculated Risk

AUGUST 7, 2023

Today, in the Calculated Risk Real Estate Newsletter: Black Knight Mortgage Monitor: Home Prices Increased Month-to-month to New Record High in June A brief excerpt: Note: Although not in Mortgage Monitor, Black Knight told me: “ We haven’t yet calculated payment-to-income ratios given yesterday’s news of rates north of 7%, but it’s a pretty safe bet it’s pushed us past last October/November’s “worst affordable market” marker ".

Sales 94

Sales Marketing Marketing 94

Wealth Management

AUGUST 7, 2023

Cerity Partners taps the KPMG tax veteran to source new talent, with a focus on adding CPA professionals, and contribute to international expansion efforts.

Taxes 98

Taxes 98

Cornerstone Financial Advisory

AUGUST 7, 2023

Weekly Market Insights: Stocks Raise White Flag To Bad News Presented by Cornerstone Financial Advisory, LLC Stocks retreated last week as bond yields increased following the Treasury’s announcement indicating “a larger-than-expected funding need” and a downgrade in the federal government’s debt rating. The Dow Jones Industrial Average dropped 1.11%, while the Standard & Poor’s 500 shed 2.27%.

Marketing 92

Marketing Marketing Medicine Taxes 92

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.

Financial Advice

Wealth Management

AUGUST 7, 2023

Carson Group's acquisition of Northwest Capital Management comes on the heels of Creative Planning's deal with Lockton.

Management 98

Management Planning 98

Alpha Architect

AUGUST 7, 2023

The traditional financial theory attributes security returns to market- or factor-based risk, with no role ascribed to other influences. In this research, the authors argue for including investor demand as an additional variable in explaining returns. Can changes in investor demand generate systematic changes in security returns? Investor demand, rating reform and equity returns was originally published at Alpha Architect.

Marketing 76

Marketing Marketing Investing Investments 76

Wealth Management

AUGUST 7, 2023

A spot-Bitcoin ETF does not currently exist in the US and regulators have, in the past, been loath to approve one.

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A Wealth of Common Sense

AUGUST 7, 2023

Today’s Talk Your Book is brought to you by AKRE Capital Management: We had John Neff, Partner and Portfolio Manager of AKRE Capital Management on to discuss their best-ideas Focus Fund. On today’s show, we discuss: Fundamental analysis in the early investing era John Neff’s favorite investing books and mantras AI and what’s driving today’s market The Three-Legged Stool Framework The compou.

Portfolio 68

Portfolio Portfolio Management Management Investing 68

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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.

Banking

Wealth Management

AUGUST 7, 2023

Office REITs were up 13.3% in July, helping push the FTSE Nareit All Equity Index up 2.0% for the month.

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Alpha Architect

AUGUST 7, 2023

The following factor performance modules have been updated on our Index website. Global Factor Performance: August 2023 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Asset Allocation 66

Asset Allocation Assets Investing Investments 66

Wealth Management

AUGUST 7, 2023

"Just say less" is becoming the new approach of private fund managers.

Ethics 95

Ethics Management 95

Advisor Perspectives

AUGUST 7, 2023

A clear majority of investors expect a US recession before 2024 is out, leading them to view the current bull market in stocks as ephemeral and to favor long-term US Treasuries.

Marketing 52

Marketing Marketing 52

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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!

Accounting

Wealth Management

AUGUST 7, 2023

Complacency is a funny thing: It’s easy to fall into and hard to get out of.

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Don Connelly & Associates

AUGUST 7, 2023

All financial advisors start in the same place—with no clients. Getting that first client (who’s not a relative) is a significant hurdle but not insurmountable. And, as many successful advisors will tell you, once you clear that first hurdle, it’s off to the races. While getting your first client can be a challenge, you can succeed with the right skills, a solid game plan, and a hefty dose of persistence.

Financial Advisor 52

Financial Advisor Clients Planning Media 52

Wealth Management

AUGUST 7, 2023

Some best practices to help fight the cash flow boogeyman.

Clients 98

Clients 98

Calculated Risk

AUGUST 7, 2023

From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Higher Over The Weekend Mortgage rates are starting out the new week at modestly higher levels compared to last Friday afternoon. The average change is very small. Many borrowers would see no difference in today's rate quotes. A few lenders are marginally improved from Friday, but they generally hadn't improved as much as other lenders on Friday itself.

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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.

Communication

Discipline Funds

AUGUST 7, 2023

I recently joined Andrew Horowitz on the Disciplined Investor podcast to talk about…you guessed it – financial discipline. The interview starts at the 18:30 mark and we cover lots of ground in here including: What does investing discipline mean to me? How a good financial plan is like dieting – easy in theory, but difficult in implementation.

Financial Planning 52

Financial Planning Government Insurance Planning 52

Calculated Risk

AUGUST 7, 2023

With the pandemic, there was a surge in 2nd home buying. I'm looking at data for some second home markets - and I'm tracking those markets to see if there is an impact from lending changes, rising mortgage rates or the easing of the pandemic. This graph is for South Lake Tahoe since 2004 through July 2023, and shows inventory (blue), and the year-over-year (YoY) change in the median price (12-month average).

Marketing 52

Marketing Marketing 52

Carson Wealth

AUGUST 7, 2023

Rating agency Fitch downgraded the U.S. government’s longer-term credit rating to AA+ from AAA. This was the second downgrade in the nation’s history. The first came in August 2011 from S&P Global Ratings after a government standoff over the debt ceiling. The agency cited “the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance relative to ‘AA’ and ‘AAA’ rated peers” as reasons for the downgrade.

Marketing 52

Marketing Marketing Government Economy 52