Abnormal Returns
FEBRUARY 23, 2024
Strategy There are no iron laws in finance. (youngmoney.co) Investors need to match decision making with the time frame. (mrzepczynski.blogspot.com) Exchanges The Nasdaq ($NDAQ) has a reverse stock split problem. (wsj.com) A look at some of the most shorted stocks in the world. (ft.com) Finance The biggest multi-manager hedge funds, Citadel, Millennium and Point72, keep getting bigger.
Nerd's Eye View
FEBRUARY 23, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that while both the total number of RIAs and advisor headcount have seen significant gains in recent years, client assets remain concentrated among the largest firms, according to data from Cerulli Associates, with the 7% of RIAs with at least $1 billion of AUM managing 71% of total RIA assets.
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Abnormal Returns
FEBRUARY 23, 2024
The biz How the Acquired podcast became a huge hit. (calnewport.com) Do you need a 'Podcaster Copilot'? (shruggingface.com) How to be a good podcast guest. (smallpotatoes.paulbloom.net) Economics Derek Thompson talks with Prof. Arindrajit Dube about real wage growth. (theringer.com) Barry Ritholtz talks with Bill Dudley, former president and CEO of the Federal Reserve Bank of New York.
The Big Picture
FEBRUARY 23, 2024
 This week, we speak with Andrew Slimmon , managing director at Morgan Stanley Investment Management , where he leads the Applied Equity Advisors team. He is also the lead senior portfolio manager on all long equity strategies for the applied equity advisors team, as well as a member of the Morgan Stanley Wealth Management Global Investment Committee.
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.
Calculated Risk
FEBRUARY 23, 2024
From ICE (formerly Black Knight): ICE First Look at Mortgage Performance: Foreclosures Up but Delinquencies Improve as the Mortgage Market Kicks Off 2024 • In an expected rebound from December’s calendar-driven rise, t he national delinquency rate dropped to 3.38% in January , the lowest since October, and flat from the same time last year • Past-due mortgages were down across the board, as inflows and rolls to later stages of delinquency fell, while early- and late-stage delinquency cures impro
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A Wealth of Common Sense
FEBRUARY 23, 2024
There are basically three ways to become uber-wealthy: 1. Your family is rich. 2. You get lucky. 3. You take big risks and work really hard. For a lot of people it tends to be some combination of numbers 2 and 3. The majority of the uber-wealthy class in this country who didn’t get their money handed down to them created it by starting a business (or becoming an equity owner in a business).
Wealth Management
FEBRUARY 23, 2024
Meketa’s new RIA-focused private investment platform has a new capital partner, while Cetera and Snowden Lane both announced deals and SEIA hired a new head of wealth transfer.
Calculated Risk
FEBRUARY 23, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Due to changes at the CDC, weekly cases are no longer updated. For deaths, I'm currently using 4 weeks ago for "now", since the most recent three weeks will be revised significantly. Hospitalizations are more than three times the low of 5,386 in June 2023, however, they have declined significantly from 30,018 earlier this year.
Wealth Management
FEBRUARY 23, 2024
Nick Kochanski, CFO and senior client advisor at $4.5 billion AUM Crescent Grove Advisors, uses advances in technology to look at client and firm data in news ways to drive growth.
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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.
Truemind Capital
FEBRUARY 23, 2024
A few days ago, I had a very unusual request from the HR of a multi-billion dollar company with whom I was in discussion regarding sessions on financial well-being for their employees. She asked me- Can your company provide training on stock trading to the female employees? Since we have expertise in long-term investment strategies and financial planning, I told her that we could not help her with this requirement.
Wealth Management
FEBRUARY 23, 2024
The bank is seeking a temporary restraining order against Matthew D. Sitarski, alleging he accessed client information, violated contractual agreements and lured away clients with nearly $4 million in assets.
Meb Faber Research
FEBRUARY 23, 2024
Guests: Wes Gray is the founder, CEO and Co-CIO of Alpha Architect. Robert Elwood is the co-founder of Practus, LLP, a business law firm that focuses primarily on investment funds. Recorded: 1/18/2024 | Run-Time: 47:02 Summary: Wes and Bob just helped complete a separately managed account to ETF conversion of $770 million, so we had […] The post Episode #522: Wes Gray & Robert Elwood on How to Convert a Separately Managed Account (SMA) to an ETF appeared first on Meb Faber Res
Wealth Management
FEBRUARY 23, 2024
Black History Month is a great time to commit to becoming more actively engaged with new and existing Black clients by understanding their specific needs and providing personalized guidance.
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.
Alpha Architect
FEBRUARY 23, 2024
Making a bet on biotech/pharma firms that have not yet achieved significant revenue is the equivalent of buying a lottery ticket—with the same poor risk/return relationship. Lottery Preference and Biotech Stocks: Trust the Financials, Not the Science was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Wealth Management
FEBRUARY 23, 2024
Brian Andrew, the recently appointed chief investment officer at Merit Financial Advisors, provides a peek inside the $10 billion RIA’s model portfolio.
Calculated Risk
FEBRUARY 23, 2024
From STR: U.S. hotel results for week ending 17 February.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 17 February. 11-17 February 2024 (percentage change from comparable week in 2023): • Occupancy: 59.2% (-2.5%) • Average daily rate (ADR): US$162.24 (+4.2%) • Revenue per available room (RevPAR): US$96.10 (+1.6%) emphasis added The following graph shows the seasonal pattern for the hotel occupancy
Wealth Management
FEBRUARY 23, 2024
In a newly created position, Erik Karanik will oversee growth across Wells Fargo Advisors Financial Network (FiNet) and First Clearing.
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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
FEBRUARY 23, 2024
The S&P 500 rallied during the back half of this week to reach a new all-time record close. The index is currently up 7.29% year to date and has set a new record closing high 13 times so far this year.
Wealth Management
FEBRUARY 23, 2024
Wintrust will move two businesses and 85 advisors to the LPL Institution Services platform from Wells Fargo.
Advisor Perspectives
FEBRUARY 23, 2024
After several decades of transformative tech wealth, the AI boom is ushering in another. Not only has Nvidia Corp.’s soaring valuation made co-founder Jensen Huang an extremely wealthy man, but his distant cousin Lisa Su, head of Advanced Micro Devices Inc., is now worth $1.2 billion.
Wealth Management
FEBRUARY 23, 2024
Corient reported during its quarterly earnings call that it is fully severed from parent company CI Financial in all but ownership and debt.
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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!
Trade Brains
FEBRUARY 23, 2024
Fundamental Analysis Of PSP Projects: India’s real estate sector is booming due to an increasing population, urbanization, and business interest from around the world. This growth presents a promising investment opportunity. This increased focus has put companies like PSP Projects Limited in the focus. In this article, we shall conduct a Fundamental Analysis Of PSP Projects Ltd and try to analyse the potential outlook of the company Fundamental Analysis Of PSP Projects We’ll begin ou
Wealth Management
FEBRUARY 23, 2024
Cambridge's Nick Graham details the opportunities AI creates when it comes to financial advice.
Advisor Perspectives
FEBRUARY 23, 2024
Three consecutive quarters of strong growth have put productivity either back on trend or well above it, depending on which recent trend line you’re following. Productivity’s sharp rise and fall from 2020 to 2022 was apparently just another one of those weird pandemic phenomena, now disappearing in the rearview mirror.
Wealth Management
FEBRUARY 23, 2024
Also, Advzyon and Apex announce integrations and AssetMark boosts it 2024 tech budget by $15 million.
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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.
Advisor Perspectives
FEBRUARY 23, 2024
Cash may still be king for the moment, but after more than $1 trillion flowed into money-market funds last year as short-term rates rose, investors are trying to figure out where it goes next.
Calculated Risk
FEBRUARY 23, 2024
From BofA: On net, this week’s data boosted our 1Q US GDP tracking estimate by a tenth to 1.0% q/q saar. Our 4Q tracking estimate also increased by a tenth to 3.2% q/q saar [Feb 23rd estimate] emphasis added From Goldman: We boosted our Q1 GDP tracking estimate by 0.1pp to +2.4% (qoq ar) and our Q1 domestic final sales growth forecast by 0.1pp to +2.7% (qoq ar).
Wealth Management
FEBRUARY 23, 2024
Wednesday, March 06, 2024 | 2:00 PM ET
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