The Big Picture
AUGUST 25, 2022
Over the years, I have been involved in a fair share of investment conferences. This began with the Big Picture Conference at the New York Athletic Club, post-GFC. I had flipped bullish in March 2009, but I have vivid recollections that Fall of listening to Jim O’Shaughnessy of OSAM explain the history of markets following a 50+% crash. He was even more bullish than I was, and had the data to back it up.
Nerd's Eye View
AUGUST 25, 2022
Historically, the career path for newer financial advisors has followed a commission-based model that was focused on sales and business development first and learning the technical aspects of financial planning along the way. As the financial advisory industry has evolved, though, it has shifted to a business model that focuses more on teaching new advisors how to provide good financial planning services first, and to focus on business development later.
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Abnormal Returns
AUGUST 25, 2022
Legalization Legal cannabis has not been a boon to small growers in California. (washingtonpost.com) Companies focused on psychdelic therapies are on the rise. (bloomberg.com) Startups Biotech startups now look more like software startups. (notboring.co) A Q&A with Josh Wolfe of Lux Capital about evaluating 'crazy' founders. (manual.withcompound.com) Longreads Capital Group thrived for nearly a century, but is now facing serious headwinds.
Nerd's Eye View
AUGUST 25, 2022
Historically, the career path for newer financial advisors has followed a commission-based model that was focused on sales and business development first and learning the technical aspects of financial planning along the way. As the financial advisory industry has evolved, though, it has shifted to a business model that focuses more on teaching new advisors how to provide good financial planning services first, and to focus on business development later.
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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.
Abnormal Returns
AUGUST 25, 2022
Markets Which industry sector ETFs have bounced back the most? (allstarcharts.com) The decline in the pandemic's biggest winning stocks have gotten crushed. (theirrelevantinvestor.com) Market history Modern market data is a relatively recent phenomenon. (awealthofcommonsense.com) The past always looks explainable in hindsight (ritholtz.com) Strategy Some good (and bad) reasons people pick individual stocks.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Pragmatic Capitalism
AUGUST 25, 2022
1) ESG – Still a Convoluted Mess. My long standing position on ESG (Environmental, Social & Governance) investing is that secondary markets are a not a great place to try [ … ].
The Reformed Broker
AUGUST 25, 2022
Bank of America downgrades the homebuilders from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
Calculated Risk
AUGUST 25, 2022
The DOL reported : In the week ending August 20, the advance figure for seasonally adjusted initial claims was 243,000 , a decrease of 2,000 from the previous week's revised level. The previous week's level was revised down by 5,000 from 250,000 to 245,000. The 4-week moving average was 247,000, an increase of 1,500 from the previous week's revised average.
A Wealth of Common Sense
AUGUST 25, 2022
A reader asks: Hey guys please explain why an inflation-linked bond could have lost money this year with inflation at 9%. I’ve been getting this question a lot lately. How could bonds that have an implicit inflation kicker be down almost 7% this year? Treasury inflation-protected securities (TIPS) are one of the most peculiar assets in the investment universe.
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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.
Calculated Risk
AUGUST 25, 2022
From the BEA: Gross Domestic Product (Second Estimate) and Corporate Profits (Preliminary), Second Quarter 2022 Real gross domestic product (GDP) decreased at an annual rate of 0.6 percent in the second quarter of 2022 , according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 1.6 percent.
Wealth Management
AUGUST 25, 2022
Unlike institutional players, TIC investors want passive income and long-term holds, which works better for the types of deals Investors Management Group pursues, says the firm’s founder.
Calculated Risk
AUGUST 25, 2022
From WardsAuto: August U.S. Light-Vehicle Sales Running Flat with July; Inventory Set to Increase (pay content). Brief excerpt: "The overriding factor is that even without headwinds such as higher interest rates, low consumer confidence, elevated fuel prices and an inventory mix favoring more expensive models, the general lack of availability of new vehicles would keep sales from being significantly stronger.
Wealth Management
AUGUST 25, 2022
The two global alternative asset managers have doubled down on their efforts to bring their products to the RIA channel, with hopes that their three-tiered strategy will resonate in the marketplace.
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.
Nationwide Financial
AUGUST 25, 2022
Considering the power inflation can exert over the economy, there’s something poignant in searching for historical parallels to understand today’s inflationary crisis. According to the Federal Reserve, since World War II, there have been six periods when inflation (as defined by the Consumer Price Index or CPI) was at 5% or higher. Although the sources of high inflation might have differed in each period, the visceral reaction of consumers was essentially the same.
Wealth Management
AUGUST 25, 2022
The unnamed rep recommended more than $2.1 million trades in certain mutual funds shares more appropriate for long-term use, according to FINRA, and Kovack Securities allegedly failed to spot the red flags.
Calculated Risk
AUGUST 25, 2022
Today, in the Calculated Risk Real Estate Newsletter: The Sellers Strike and Housing Inventory A brief excerpt: Starting in July, new listings declined year-over-year according to my local market data , and also Realtor.com and Redfin. Realtor.com economist Jiayi Xu noted today: New listings–a measure of sellers putting homes up for sale–were again down 12% from one year ago.
Wealth Management
AUGUST 25, 2022
There is a “value” to the work an advisor does, regardless of whether they are an employee or independent, that needs to be a part of the conversation when considering one’s future.
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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.
Carson Wealth
AUGUST 25, 2022
By Craig Lemoine, Director of Consumer Investment Research. “How much do I need for retirement?” It’s a question I often hear, and one that seems straightforward enough to tackle. Unfortunately, the answer isn’t quite so simple. Your financial needs in retirement can depend on dozens of factors – some known and some unknown. Among these are your longevity, lifestyle, comfort with market performance, sequence of return risk, current health, housing plan, proportion of fixed to variable expenses,
Good Financial Cents
AUGUST 25, 2022
If you need to borrow money but your credit score is lower than it should be, you will probably have to apply for a bad credit loan. This type of loan is geared toward individuals who may have made mistakes with their credit in the past, and they typically come with higher interest rates and loan fees as a result. Bad credit loan customers may also be limited in how much they can borrow, as well as the payment plans available to them.
The Irrelevant Investor
AUGUST 25, 2022
“Do more of what’s working and less of what isn’t” is a simple but powerful concept. I’ve gone to a lot of conferences in the financial services industry. It’s always cool to learn about new products and services and hear how other advisors are running their businesses, but the best part is always the networking. The truth about the events business is that the sponsors pay for 90% of th.
Wealth Management
AUGUST 25, 2022
The acquisition adds $830 million in AUM and a new retirement plan division with $489 million in AUA.
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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!
Alpha Architect
AUGUST 25, 2022
This paper provides new evidence showing that carbon transition risk is becoming increasingly material and is priced both in equity and debt markets. We find that there is a widespread price-earnings discount linked to corporate carbon emissions. This discount varies, however, by sector and trends differently in Europe than in the US. We also find that a small discount emerges for corporate bonds, although it is statistically significant only for small caps.
Wealth Management
AUGUST 25, 2022
It may feel a little awkward in the moment, but your future self and team will thank you.
Million Dollar Round Table (MDRT)
AUGUST 25, 2022
By Matt Pais, MDRT Content Specialist It can be difficult for clients to think about the possibility that an illness or injury could prevent them from working and what that would mean for their income. Even if they’re willing to think and talk about it, they may believe they have enough coverage through their employer. That’s where advisors’ insight and communication strategies come in.
Wealth Management
AUGUST 25, 2022
U.S. and Canadian pension funds are cutting back on their office investments, reports The Wall Street Journal. Companies including Apple, Honda and Mazda are looking at relocating their manufacturing facilities away from China, according to Fortune. These are among today’s must reads from around the commercial real estate industry.
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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.
Calculated Risk
AUGUST 25, 2022
Friday: • At 8:30 AM ET, Personal Income and Outlays, July 2022. The consensus is for a 0.6% increase in personal income, and for a 0.4% increase in personal spending. And for the Core PCE price index to increase 0.3%. PCE prices are expected to be up 6.4% YoY, and core PCE prices up 4.7% YoY. • At 10:00 AM, Speech, Fed Chair Jerome Powell , Economic Outlook , At the Jackson Hole Economic Policy Symposium • Also at 10:00 AM, University of Michigan's Consumer sentiment index (Final for August).
Clever Girl Finance
AUGUST 25, 2022
Building wealth involves making smaller investments and seeing them grow over time. Sometimes known as flipping money, investing your money in various projects, assets, and skills could help you make extra money. That said, keep reading to learn some of the best ways to flip money. We’ll also look at some of the potential downsides to money flipping and how you can get started safely.
Mullooly Asset Management
AUGUST 25, 2022
“It’s not going to be around when I need it” “I’m putting all this money in and probably won’t see a nickel of it in 15 years” In this week’s video, Tom addresses these worries and discusses how social security is a crucial part of retirement income planning and why retirees should be confident in […].
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