Abnormal Returns
MARCH 21, 2024
Strategy Byrne Hobart, "Decades of above-average net worth compounding are the reward for taking a big idea seriously, continuously refining it, and implementing it in the real world." (capitalgains.thediff.co) No matter the result, remember other stuff could have happened. (systematicindividualinvestor.com) Reddit The Reddit ($RDDT) IPO has priced.
Nerd's Eye View
MARCH 21, 2024
For many financial advicers, helping long-time clients identify and progress toward their goals eventually transitions into conversations around the best ways to enjoy the fruits of their labor once they reach them. Yet, for some clients, making the shift into retirement (or any other new stage of their lives) can often be a challenge for myriad reasons, which places the advisor in a unique position to help these clients understand the roadblocks they face and explore ways to overcome these obst
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Abnormal Returns
MARCH 21, 2024
Books An excerpt from "Hype Machine: How Greed, Fraud and Free Money Crashed Crypto" by Joshua Oliver. (ft.com) A Q&A with Venki Ramakrishnan author of "Why We Die: The New Science of Aging and the Quest for Immortality." (wired.com) A Q&A with Rhaina Cohen author of "The Other Significant Others: Reimagining Life With Friendship at the Center.
A Wealth of Common Sense
MARCH 21, 2024
A reader asks: Lots of podcasts have discussed how large cap indexes just keep going up, and maybe that’s pushing P/E ratios too high from people buying index funds (me included). At the same time, mid- and small-cap indices have not seen the same overall growth. Is there a risk that the S&P 500 gets out of hand relative to true value and then there is a fall as all exit at once?
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
MARCH 21, 2024
The DOL reported : In the week ending March 16, the advance figure for seasonally adjusted initial claims was 210,000 , a decrease of 2,000 from the previous week's revised level. The previous week's level was revised up by 3,000 from 209,000 to 212,000. The 4-week moving average was 211,250, an increase of 2,500 from the previous week's revised average.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
MARCH 21, 2024
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Increased to 4.38 million SAAR in February Excerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2023 and 2024. Sales declined 3.3% year-over-year compared to February 2023. This was the thirtieth consecutive month with sales down year-over-year.
Wealth Management
MARCH 21, 2024
Financial advisors’ optimism over the economy and the markets ticked marginally up in February, dampened only by persistent inflation and uncertainty over upcoming national elections.
The Irrelevant Investor
MARCH 21, 2024
In the realm of technology, there exists no phenomenon as transformative and intriguing as the rapid advancement of Artificial Intelligence. Over the past few years, the field of AI has experienced an unprecedented explosion, captivating industries, governments, and societies worldwide. From self-driving cars to personalized recommendation systems, AI’s impact permeates nearly every facet of modern life.
Wealth Management
MARCH 21, 2024
About 36% of affluent millennials said they’d probably or definitely leave their current firm in the next year, according to a J.P. Power survey.
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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.
NAIFA Advisor Today
MARCH 21, 2024
Have you ever wondered how to connect with prospects effortlessly? Imagine being able to establish meaningful relationships with anyone, anywhere, and at any time, regardless of the setting or circumstance. Surprisingly, it's not your technical knowledge of products and services that you can provide that forges these connections. Instead, it's your proficiency in developing essential soft skills that transform prospects into loyal clients.
Wealth Management
MARCH 21, 2024
ROffice is similar to other freelance services marketplaces out there, such as Fiverr or Upwork, but it’s specific to the financial services industry.
Random Roger's Retirement Planning
MARCH 21, 2024
Do you like Bitcoin? Do you like trend following? Well Global X has a new fund that combines both. The Global X Bitcoin Trend Strategy ETF (BTRN) owns Bitcoin but will change the exposure ranging from 0%, 25%, 50%, 75% or 100% based on a secret sauce combination of exponential moving averages of varying lengths. Anything not allocated to Bitcoin will be in a Global X T-bill ETF.
Wealth Management
MARCH 21, 2024
What motivated the founders of Holistic Planning to leave Edward Jones, a firm their family built a business at over more than four decades? They discuss their thought process, the transition and the growth opportunities they are now experiencing.
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.
Indigo Marketing Agency
MARCH 21, 2024
As a financial advisor, you understand the importance of a robust online presence in today’s digital landscape. With potential clients turning to the internet to find financial advice and services, optimizing your website for search engines is crucial. However, navigating the world of SEO (Search Engine Optimization) can be daunting, leaving many financial advisors with questions and uncertainties.
Wealth Management
MARCH 21, 2024
The AI program, Lydia, was developed with Alai Studios to help advisors connect with clients emotionally.
The Irrelevant Investor
MARCH 21, 2024
Today’s Compound and Friends is brought to you by TBIL and the US Benchmark Series: See here for more information on investing in TBIL and the US Benchmark Series On today’s show, we discuss: Liz Looks at: The Fed’s March statement S&P 500 closes at historic 5,200 mark after Fed So much money everywhere Subscribe here to The Compound Insider newsletter Listen here: Charts: L.
Wealth Management
MARCH 21, 2024
A decade into her reign, Johnson is reasserting control over the US fund giant’s London outpost. Heads are rolling.
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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
MARCH 21, 2024
Existing home sales jumped to their highest level in a year in February. According to the data from the National Association of Realtors (NAR), existing home sales rose 9.5% from January to reach a seasonally adjusted annual rate of 4.38 million units. This figure came in higher than the expected 3.95 million. Existing home sales are down 3.3% compared to one year ago.
Discipline Funds
MARCH 21, 2024
There are a lot of questions about Fed policy these days and where things might be headed. Here are some commonly asked questions I’ve been getting lately: 1) Why is the Fed considering a rate cut? At Wednesday’s FOMC meeting the Fed stood by their estimate of 3 rate cuts in 2024. This took some people by surprise as recent inflation readings have come in a little hotter than expected and could justify higher rates for longer.
Calculated Risk
MARCH 21, 2024
What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For February, Realtor.com reported inventory was up 14.8% YoY, but still down almost 40% compared to February 2019. Now - on a weekly basis - inventory is up 23.8% YoY. Realtor.com has monthly and weekly data on the existing home market.
Wealth Management
MARCH 21, 2024
Advisor Nolan Venable and his team have left Osaic after 26 years for the stability of LPL.
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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!
Advisor Perspectives
MARCH 21, 2024
The Conference Board Leading Economic Index (LEI) inched up in February, marking the first monthly increase since February 2022. The index rose 0.1% from last month to 102.8. However, despite the increase, the LEI continues to signals headwinds to economic growth going forward.
Wealth Management
MARCH 21, 2024
The minimum investment accepted from any outside investors for the BlackRock USD Institutional Digital Liquidity Fund Ltd is set at $100,000.
Advisor Perspectives
MARCH 21, 2024
In the week ending March 16, initial jobless claims were at a seasonally adjusted level of 210,000, a decrease of 2,000 from the previous week's revised figure. The latest reading is lower than the forecast of 212,000 jobless claims.
Calculated Risk
MARCH 21, 2024
A brief excerpt from a BofA research note. BofA economists ask: Should policy be set on OER if nobody pays it? One main factor behind sticky services inflation in the US has been the behavior of owners’ equivalent rent (OER), which measures the change in the cost of owner occupied housing. The Bureau of Labor Statistics (BLS) estimates OER by using actual rents as a proxy.
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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.
Wealth Management
MARCH 21, 2024
Win back time, overcome challenges, and scale your business.
Advisor Perspectives
MARCH 21, 2024
In February, nominal home values increased for an 11th straight months while "real" home values fell for a 6th straight month. Last month's ZHVI came in at $347,716, up 0.22% from the previous month and up 3.62% from one year ago. However, after adjusting for inflation, the real figures are -0.21% month-over-month and -2.22% year-over-year.
Wealth Management
MARCH 21, 2024
Dive into 2024's wealth management trends with Joel Bruckenstein.
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