Nerd's Eye View

JULY 28, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that RIAs appear to be building more comprehensive and more integrated tech stacks, and are benefiting from greater operational efficiencies, according to the latest Schwab RIA Benchmarking Study, with larger firms seeing gains in clients and AUM per professional and a reduction in annual hours spent per client for operations and administration in the past 3 y

Financial Planner 219

Financial Planner Financial Advisor Retirement Planning Financial Advice 219

Abnormal Returns

JULY 28, 2023

Markets More signs that the U.S. stock market is overbought. (capitalspectator.com) The Series I savings bond frenzy is over. (bloomberg.com) Individual investors have a lot of advantages over professional investors. (awealthofcommonsense.com) Big Tech All things considered, Meta ($META) and Google ($GOOGL) dominate online ad spending. (marketwatch.com) How Amazon ($AMZN) is targeting AI.

Financial Advising 175

Financial Advising Startup Valuation Media 175

The Reformed Broker

JULY 28, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, JC Parets, and Downtown Josh Brown discuss value vs growth, JC’s favorite charts right now, volatility strategies, US homeowner equity, a strategist short squeeze, Lionel Messi in Miami, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Marketing 130

Marketing Marketing 130

Abnormal Returns

JULY 28, 2023

Audio A profile of the uber-successful Acquired podcast. (fastcompany.com) Spotify ($SPOT) is adding users, raising prices, and still losing money. (axios.com) Economy Michael Klein talks with Simon Johnson, co-author of "Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity." (econofact.org) Andy Slavitt talks with Dr. Ezekiel Emanuel about changes coming to the U.S. health care system.

Economy 163

Economy Management 163

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

The Big Picture

JULY 28, 2023

My end-of-week morning train WFH reads: • A Textbook Non-Recessionary Bear Market : I don’t think the bear market was an overreaction either considering the changes we saw to inflation and interest rates. Plus we had such a large run-up in prices in 2020 and 2021 that it was good for knocking down the speculation that was running rampant.

Assets 130

Assets Economy Insurance Economics 130

Calculated Risk

JULY 28, 2023

Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through June 2023. CPI Shelter was up 7.8% year-over-year in June, down from 8.0% in May, and down from the cycle peak of 8.2% in March 2023. Housing (PCE) was up 8.0% YoY in June , down from 8.3% in May, and down from the cycle peak of 8.4% in April 2023.

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Wealth Management

JULY 28, 2023

Wealth management is still a growth industry. We’ll never have enough advisors to serve every potential client. So when organic growth hits a wall, it’s exciting to watch the industry’s hungriest, most inventive leaders find a way over it. Instead of hunkering down, they’re busy seizing new opportunities. Here’s how to do the same.

Wealth Management 98

Wealth Management Clients Management 98

Trade Brains

JULY 28, 2023

Best Low PE Penny Stocks : Most of the time investors are in search of the best stocks to earn multi-bagger returns with lower risk. One of the best ways to achieve it is through buying penny stocks. But, as a cautious investor, it is essential to secure the capital downside also with proper research and analysis. In this article, let us explore a few of the best low PE Penny Stocks in India to earn good returns.

Manufacturing 97

Manufacturing Sales Financial Services Investing 97

Advisor Perspectives

JULY 28, 2023

Don’t fear the Fed’s 25-basis-point rate hike on Wednesday, according to Jeremy Siegel. Given the strength of the economy and low unemployment, he said stocks can withstand higher rates.

Economy 97

Economy 97

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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

Trade Brains

JULY 28, 2023

Should you buy Tata Elxsi Shares – After hitting the ATH in August 2022, the stock price plummeted and almost lost half its value in the next 7 months. In the next 5 minutes, I’ll walk you through the most important points about Tata Elxsi, including fundamentals, technicals, analyst ratings, and retail sentiment on Stocktwits , which will help you in your decision-making process.

Retail 96

Retail Valuation Consulting Sales 96

Wealth Management

JULY 28, 2023

Aspiriant, Key Private Bank and Merrill Lynch lost advisors to Manhattan West and Steward Partners in moves announced this week, while F.L.Putnam expanded in Maine.

Recruitment 98

Recruitment Assets Banking 98

A Wealth of Common Sense

JULY 28, 2023

On the first day of my internship working for a group of sellside investment analysts as a senior in college, my boss told me to read the Wall Street Journal from cover to cover every morning. He said something to the effect of, “You obviously don’t know anything about the markets so start reading…and keep reading.” Guilty as charged.

Investing 80

Investing Investments Marketing Marketing 80

Wealth Management

JULY 28, 2023

J.P. Morgan's latest investment in the startup incubator is fueling the firm's next round of AI-enhanced technology tools for advisors.

Startup 98

Startup Investing Investments 98

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

Calculated Risk

JULY 28, 2023

Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 4.4% Below Peak; Price-to-rent index is 7.9% below recent peak Excerpt: It has been over 17 years since the bubble peak. In the May Case-Shiller house price index released Tuesday, the seasonally adjusted National Index (SA), was reported as being 64% above the bubble peak in 2006.

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Alpha Architect

JULY 28, 2023

By using a novel measure of investor attention, generated from InvestingChannel’s clickstream data on online financial news consumption, we can identify broad groups of stocks which are less efficiently priced and therefore where anomalies such as Value and Momentum are likely to produce greater cross sectional differentiation in returns. We also apply these groupings to proprietary ExtractAlpha stock selection signals.

Retail 77

Retail Investing Investments 77

Wealth Management

JULY 28, 2023

The wealth management industry has been transformed with the advent of remote and hybrid work.

Wealth Management 98

Wealth Management Management 98

David Nelson

JULY 28, 2023

David Nelson launches The Money Runner. In the end money touches everything. The show will take on topics that resonate from Wall Street to Main Street and of course Washington.

Economy 52

Economy 52

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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

JULY 28, 2023

The long-tenured senator's daughter has filed two separate lawsuits on her behalf.

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Discipline Funds

JULY 28, 2023

The Federal Reserve has expressed concerns about a double bump in inflation. That is a scenario where inflation surges and then jumps higher again for various reasons (such as the Fed letting off the brakes too early). The most common period of concern is the 1970s where inflation surged in the 1973-1975 period, cooled a bit and then surged higher from 1978-1980.

Economy 52

Economy Distribution Economics 52

Wealth Management

JULY 28, 2023

Running your office doesn’t have to mean running in circles.

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Calculated Risk

JULY 28, 2023

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. After the first few weeks, the pandemic low for weekly deaths had been the week of July 7, 2021, at 1,690 deaths (until recently). For COVID hospitalizations, the previous low was 9,821 (until recently). The last few months have seen a positive trend.

Numbers 52

Numbers 52

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Accounting

Advisor Perspectives

JULY 28, 2023

Real gross domestic product (GDP) is comprised of four major subcomponents. In the Q2 GDP advance estimate, three out of the four components made positive contributions and one component made negative contributions.

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Calculated Risk

JULY 28, 2023

From STR: U.S. hotel results for week ending 22 July U.S. hotel performance increased from the previous week and showed improved comparisons year over year, according to CoStar’s latest data through 22 July. 16-22 July 2023 (percentage change from comparable week in 2022): • Occupancy: 72.9% (+0.5%) • Average daily rate (ADR): US$161.65 (+1.5%) • Revenue per available room (RevPAR): US$117.91 (+2.0%) emphasis added The following graph shows the seasonal pattern for the hotel occupancy rate using

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NAIFA Advisor Today

JULY 28, 2023

I was reading an analysis the other day and they quoted a study saying a third of entrepreneurs plan on investing more in training, specifically sales, in the economic uncertainty. And we all know that in uncertain times and recession, investing in skills and sales are the best investments possible.

Clients 52

Clients Sales Economics Planning 52

Calculated Risk

JULY 28, 2023

Note: I like using Las Vegas as a measure of recovery for both leisure (visitors) and business (conventions). From the Las Vegas Visitor Authority: June 2023 Las Vegas Visitor Statistics Punctuated by the Vegas Golden Knights' victorious quest for the Stanley Cup, Las Vegas visitation in June surpassed last year as the destination hosted more than 3.4M visitors, +3.1% YoY.

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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

Clever Girl Finance

JULY 28, 2023

Let’s talk about grocery shopping on a budget. You can cut lattes and your cable bill, but the one thing you can’t cut from your budget? Food. Food is expensive. Whether you’re a student on a low budget or a parent trying to keep the food bills at bay, we could all use some tips on managing our grocery budget properly so we can save more money.

Budgeting 52

Budgeting Food Sales Planning 52

Calculated Risk

JULY 28, 2023

The BEA released the Personal Income and Outlays report for June: Personal income increased $69.5 billion (0.3 percent at a monthly rate) in June , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes, increased $67.5 billion (0.3 percent) and personal consumption expenditures (PCE) increased $100.4 billion (0.5 percent).

Food 52

Food Taxes Economics 52

Advisor Perspectives

JULY 28, 2023

Building wealth isn't difficult, so why don't people do it? As younger generations reach the point where they have finally saved enough to begin investing it may seem overwhelming to know where to start.

Investing 52

Investing Investments 52