The Big Picture

JANUARY 12, 2024

 This week, we speak with Cathy Marcus , co-chief executive officer and global chief operating officer of PGIM Real Estate , which manages over $200 billion in assets. As co-CEO, Marcus develops and leads the company’s global strategy; as global COO, she is responsible for overseeing business and investment operations globally. She is also co-chair of the board of directors of RealAssetX , PGIM Real Estate’s innovation lab aimed at accelerating advancement in the real assets industry.

Startup 286

Startup Portfolio Management Valuation Assets 286

Abnormal Returns

JANUARY 12, 2024

Markets Stocks don't always beat bonds. (morningstar.com) A visualization of the top 10 S&P 500 stocks by market cap. (politicalcalculations.blogspot.com) Strategy Bob Seawright, "We will never act with perfect foresight. We will rarely act with decent foresight." (betterletter.substack.com) You can't use P/E ratios to value growth stocks. (downtownjoshbrown.com) A lot of strategies just aren't worth the hassle.

Financial Advising 228

Financial Advising Media Economy Economics 228

Nerd's Eye View

JANUARY 12, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Securities and Exchange Commission this week authorized 11 Spot Bitcoin Exchange-Traded Funds (ETFs), which could provide financial advisors and their clients with a convenient way to invest in the cryptocurrency without many of the security issues or price tracking challenges of other methods (though the new products will still be subject to Bitcoin's notorious price

Financial Planner 197

Financial Planner Financial Advisor Commission Budgeting 197

A Wealth of Common Sense

JANUARY 12, 2024

Bernie Sanders was railing against wealth inequality again last week: The rich do control most of the financial assets in this country. The top 10% owns close to 90% of the stock market in the U.S. Most of the income gains in the past 40 years or so have gone to the wealthy. That’s not great. But the idea that two-thirds of all Americans cannot cover an emergency expense simply doesn’t hold up to the facts.

Assets 136

Assets Marketing Marketing 136

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

Wealth Management

JANUARY 12, 2024

Spot Bitcoin ETFs like the 11 just approved by the SEC offer offer significant advantages over the earlier options for financial advisors seeking to access cryptocurrency exposure, according to CFRA's ETF analyst.

Financial Advisor 114

Financial Advisor 114

Wealth Management

JANUARY 12, 2024

With healthy property fundamentals and a favorable interest rate environment, REIT fund managers expect the sector to deliver double digit returns this year.

Management 119

Management 119

Trade Brains

JANUARY 12, 2024

Best Mid Cap Chemical Stocks: Midcap stocks have immense potential to become the next large-cap or even blue-chip stocks. These companies are in their growing stage and have the potential to unlock value. In addition, the chemical industry is currently facing headwinds and the companies are emphasizing on research and development activities. So, in this article, we will look into the Best Mid Cap Chemical Stocks in India.

Manufacturing 105

Manufacturing Accounting B2B Medicine 105

Wealth Management

JANUARY 12, 2024

Jim Nagengast’s departure from Osaic is part of a larger trend happening in the IBD world, where the leaders of the individual businesses step down in the wake of a consolidation.

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Alpha Architect

JANUARY 12, 2024

The risk-based explanation provided by a peer-based review is a necessary ingredient for considering investment, but it is not a sufficient ingredient. Peer-Reviewed Theory and Expected Stock Returns was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Investing 101

Investing Investments 101

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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

Wealth Management

JANUARY 12, 2024

A spokesperson said Bank of America was wrapping up its evaluation of the new offerings that were approved earlier this week by the SEC. The news comes the same day the bank unveiled its fourth quarter of 2023 earnings report.

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Banking 107

Calculated Risk

JANUARY 12, 2024

From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. U.S. railroads originated 11.70 million total carloads in 2023 — up 0.7% (81,504 carloads) over 2022 , up 0.7% (78,633 carloads) over 2021, and the most for a full year since 2019. For all of 2023, U.S. intermodal originations totaled 12.67 million containers and trailers — down 4.9% (657,165 units) from 2022 , down 9.6% (1.35 million) from 2021, and the lowest annual volume sinc

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Wealth Management

JANUARY 12, 2024

Also, Smartleaf Asset Management collaborates with Clearstead Advisors and retirement assets in automated state savings programs reach $1 billion.

Management 110

Management Retirement Assets 110

Discipline Funds

JANUARY 12, 2024

1) All things Bitcoin ETF. The SEC finally approved a Bitcoin ETF. The Winklevoss twins filed for the initial Bitcoin ETF in July of 2013 so it’s been 10 years coming. How much money did those guys lose out on by not having that instrument approved so long ago? Meanwhile, other garbage instruments like the closed end Bitcoin trusts were allowed to trade, charge huge fees and expose investors to insane premiums and discounts from NAV because of the inefficient structure of the trust.

Insurance 83

Insurance Portfolio Assets Clients 83

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

JANUARY 12, 2024

At least 10 deals, representing more than $8 billion in transacted assets, were announced this week along with a rebrand and two RIA launches.

Assets 107

Assets 107

Advisor Perspectives

JANUARY 12, 2024

The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of December 29th, the index was at 23.084, up 3.085 from the previous week, with 5 of the 6 components in expansion territory.

Economics 80

Economics Economy 80

Wealth Management

JANUARY 12, 2024

Clint Walkner of $560 million AUM Walkner Condon likes the scope of an all-in-one platform but at times misses some best-of-breed tools.

Financial Advisor 102

Financial Advisor 102

Advisor Perspectives

JANUARY 12, 2024

Wholesale inflation picked up for the first time in three months but still came in cooler than expected. The producer price index for final demand decreased 0.1% month-over-month (s.a.). On an annual basis, headline PPI accelerated from 0.8% in November to 1.0% in December.

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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

JANUARY 12, 2024

Carson Group President Teri Shepard discusses how she and the company are investing in women.

Wealth Management 106

Wealth Management Management Investing Investments 106

Random Roger's Retirement Planning

JANUARY 12, 2024

The ETF industry has been evolving at what feels like an accelerating rate lately, not just with the 11 Bitcoin ETFs but let's touch on those first. Depending on how far down the rabbit hole on this, that brokerage accessible products now track spot Bitcoin versus futures might not be much of a game changer, unless you owned the Grayscale Bitcoin trust when it had that huge discount to its NAV.

Taxes 73

Taxes Accounting Investing Investments 73

Wealth Management

JANUARY 12, 2024

The pros and cons of Bitcoin ETFs and how clients can get in on the action.

Clients 99

Clients 99

Advisor Perspectives

JANUARY 12, 2024

The S&P 500 rebounded this week, finishing 1.84% up from last Friday. The index is currently up 0.86% year to date and now sits just 0.27% below its record close from January 3, 2022.

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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

Calculated Risk

JANUARY 12, 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 have almost sextupled from a low of 5,150 in June 2023. Hospitalizations are about 20% of the peak of 150,000 in January 2022.

Numbers 55

Numbers 55

Advisor Perspectives

JANUARY 12, 2024

I've updated this series to include the December release of the consumer price index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $49,573, down 7.8% from over 50 years ago. After adjusting for inflation, hourly earnings are below their all-time high from April 2020.

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Calculated Risk

JANUARY 12, 2024

From BofA: Overall, since our last weekly publication, our 4Q US GDP tracking estimate is up two-tenths to 1.3% q/q saar , while 3Q GDP finalized at 4.9% q/q saar in the third estimate. [Jan 12th estimate] emphasis added From Goldman: We left our Q4 GDP tracking estimate unchanged at +1.5% (qoq ar) and our Q4 domestic final sales growth forecast unchanged at +2.2% (qoq ar).

Sales 55

Sales 55

Investing Caffeine

JANUARY 12, 2024

Wade Slome, President and Founder of Sidoxia Capital Management, recently had the pleasure of being featured on My Future Business hosted by Rick Nuske. Wade shares his knowledge about the financial markets, his investing philosophy, and experiences that have shaped both his professional career and personal life. Tune in to the interview below!

Financial Market 52

Financial Market Management Investing Investments 52

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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

Calculated Risk

JANUARY 12, 2024

Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in December A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to December 2019 for each local market (some 2019 data is not available). This is the second look at several early reporting local markets in December.

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Marketing Marketing Sales 55

Sara Grillo

JANUARY 12, 2024

Financial advisor video marketing doesn’t have to be the big deal that everyone makes it out to be. The first time I ever did a video, I was a disaster. I was making all the mistakes I’m about to tell you. For those of you who are new to my blog, my name is Sara. I am a CFA® charterholder and financial advisor marketing consultant. I have a newsletter in which I send you one actionable, practical marketing tip a day.

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Financial Advisor Marketing Marketing Consulting 52

Advisor Perspectives

JANUARY 12, 2024

Bond traders shrugged off higher-than-anticipated inflation readings for December, pricing in a larger total amount of Federal Reserve interest-rate cuts this year beginning in May.

Marketing 52

Marketing Marketing 52