The Chicago Financial Planner
FEBRUARY 2, 2024
With the start of a new year, many people resolve to get their finances in order. A part of this process might include hiring a financial advisor or hiring a new financial advisor if you have decided to move on from your current advisor. Hiring the right advisor for your needs is critical. Here are six questions to ask when choosing a financial advisor: How do you get paid?
Abnormal Returns
FEBRUARY 2, 2024
The biz Apple ($AAPL) is adding auto-generated podcast transcripts in a forthcoming iOS update. (techcrunch.com) The Smartless guys just signed a $100 million deal with SiriuSXM ($SIRI). (variety.com) It sure sounds that behind the scenes podcasting pioneer Gimlet was a hot mess. (theverge.com) Business David Senra on lessons learned from Brad Jacobs' "How to Make a Few Billion Dollars.
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Nerd's Eye View
FEBRUARY 2, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a Morningstar survey has found that financial advisory clients are more likely to stick with their advisor for emotional reasons rather than investment returns alone. Which suggests that building trusting relationships with their clients and giving them added confidence in their financial decision-making (rather than focusing on ways to juice investment returns) could be t
Abnormal Returns
FEBRUARY 2, 2024
Markets Josh Brown, "Just please, no matter what you do, don’t say the G word. Never say it." (downtownjoshbrown.com) Just a reminder, markets are hard. (ft.com) Finance The job market is hot for private credit professionals. (institutionalinvestor.com) Expect more office building loan writedowns. (finance.yahoo.com) Ukraine Supporting Ukraine is a no-brainer.
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.
The Big Picture
FEBRUARY 2, 2024
This week, we speak with Tom Hancock, a partner at GMO LLC, where he is also head of the Focused Equity team. He manages the focused quality fund and its new Quality ETF, and is the portfolio manager for quality strategies. He previously served as co-head of the firm’s global equity team. Before joining GMO, he was a research scientist at Siemens and a software engineer at IBM.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
FEBRUARY 2, 2024
From the BLS : Total nonfarm payroll employment rose by 353,000 in January, and the unemployment rate remained at 3.7 percent , the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, retail trade, and social assistance. Employment declined in the mining, quarrying, and oil and gas extraction industry.
Advisor Perspectives
FEBRUARY 2, 2024
Consumer sentiment soared in January to its highest level since July 2021, according to the final report for the Michigan Consumer Sentiment Index. The index came in at 79.0, up 9.3 (13.3%) from the December final. The latest reading was above the forecast of 78.8.
Calculated Risk
FEBRUARY 2, 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 more than quadrupled from a low of 5,150 in June 2023. Hospitalizations are now declining.
Advisor Perspectives
FEBRUARY 2, 2024
There is a general belief that there are four big indicators that the NBER Business Cycle Dating Committee weighs heavily in their cycle identification process. This commentary focuses on one of those indicators, nonfarm employment. January saw a 353,000 increase in total non-farm payrolls and the unemployment remained at 3.7%.
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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.
Wealth Management
FEBRUARY 2, 2024
Mike Durbin says innovations in generative artificial intelligence are progressing at the same rate among consumers and institutions, while Sanctuary Wealth CEO Adam Malamed is worried about granting it decision-making powers.
Advisor Perspectives
FEBRUARY 2, 2024
With the Q4 GDP advance estimate and the January close data, we now have an updated look at the popular "Buffett Indicator" -- the ratio of corporate equities to GDP. The current reading is 165.8%, down from 167.3% the previous quarter.
A Wealth of Common Sense
FEBRUARY 2, 2024
One of the reasons the current housing market is so frustrating for homebuyers is how quickly things have changed. For years, housing prices were reasonable (in most places) while mortgage rates were low. Housing was affordable for most buyers. It’s not anymore. I updated the growth of housing prices and disposable income going back to 1975: The growth in prices was far below the growth in disposable income for muc.
Wealth Management
FEBRUARY 2, 2024
Featured in this week’s deal roundup: OneDigital’s RIA, Carson Wealth, SteelPeak Advisors and affiliates of both Kestra PWS and Focus Financial.
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.
Calculated Risk
FEBRUARY 2, 2024
This was a very strong report; however, the benchmark revision showed job growth was slower over the last year than originally reported. Including revisions: The 3.06 million jobs added in 2023 was the 17th best year for job growth in US history (out of 84 years) following the two best years on record (2021 and 2022). The headline jobs number in the January employment report was well above expectations, and November and December payrolls were revised up by 126,000 combined.
Wealth Management
FEBRUARY 2, 2024
We spoke to advisors at multiple RIA firms to find which alternative investment sectors they are gravitating toward
Clever Girl Finance
FEBRUARY 2, 2024
Starting early with investing for retirement is so important to secure your future self. This means that saving for retirement should be a component of your overall financial portfolio and wealth-building strategy. By starting early on, you put yourself in a position to build a substantial nest egg that the future you will be grateful for. So, let’s discuss how to save for retirement in your 20s!
Wealth Management
FEBRUARY 2, 2024
Nearly a month after 11 spot Bitcoin ETFs made their market debuts, ETF issuer Global X scrapped its plans to join the fray.
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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.
Meb Faber Research
FEBRUARY 2, 2024
Guest: Ben Mackovak is the Co-Founder of Strategic Value Bank Partners, an investment partnership specializing in community banks. Ben also sits on the board for several banks. Recorded: 1/10/2024 | Run-Time: 1:03:42 Summary: It’s been a wild ride lately for the banks. 2023 was the biggest year ever for bank failures. There are concerns about commercial […] The post Episode #519: Ben Mackovak on The Secret Sauce of Investing in Banks appeared first on Meb Faber Research - St
Wealth Management
FEBRUARY 2, 2024
After becoming Cresset's first president in May, Nesvold is leaving the rapidly growing RIA on Feb. 11.
Calculated Risk
FEBRUARY 2, 2024
Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt: Here is a graph of the year-over-year (YoY) change for these measures since January 2015. Most of these measures are through December 2023, except CoreLogic is through November and Apartment List is through January 2024. The CoreLogic measure is up 2.7% YoY in November, up from 2.5% in October, and down from a peak of 13.9% in April 2022.
Wealth Management
FEBRUARY 2, 2024
S&P estimates Osaic will pay $1.04 billion, including transaction costs and retention loans, to Lincoln advisors.
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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
FEBRUARY 2, 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 January 19th, the index was at 17.536, down 1.604 from the previous week, with 5 of the 6 components in expansion territory.
Wealth Management
FEBRUARY 2, 2024
What can a securities attorney's inbox tell us about the year ahead?
Trade Brains
FEBRUARY 2, 2024
Global investors have increased their equity exposure in the real estate sector due to increased confidence in India driven by certain government initiatives, reform-led improved transparency, and accountability in the real estate sector. Even though the global economy faced headwinds, India remained resilient. This is evident, as there was an infusion of $5.8 billion from institutional investors in the property sector.
NAIFA Advisor Today
FEBRUARY 2, 2024
NAIFA and Stonewood Financial have completed a partnership agreement whereby Stonewood Financial will become part of NAIFA’s Business Performance Center that provides education and legislative debriefs to members on issues concerning practice management. Additionally, the two organizations will have a presence at organizational meetings and conferences, including NAIFA’s May Congressional Conference in Washington, D.C., and its September Apex educational event in Phoenix, Arizona, and Stonewood’
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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 2, 2024
Our monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations for investment returns. On August 4, 2020, the 10-year Treasury yield hit its all-time low of 0.52%. As of January 31, it was 3.99%.
Sara Grillo
FEBRUARY 2, 2024
I wrote this blog in response to a question I got from a financial advisor. “ I just moved to a new city. How do I start prospecting and gain local clients? ” Tune in to learn how to meet wealthy clients in your local area – city, town, etc. But first… For those of you who are new to my blog, my name is Sara. I am a CFA® charterholder and financial advisor marketing consultant.
Advisor Perspectives
FEBRUARY 2, 2024
Meta Platforms Inc.’s efficiency-obsessed investors don’t like to see the company spend money. Unless — and this will shock you — it’s going into their pockets.
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