Nerd's Eye View

DECEMBER 12, 2023

Welcome back to the 363rd episode of the Financial Advisor Success Podcast! My guest on today's podcast is Christa Madison. Christa is the Managing Director of Financial Planning and Business Development at Sebold Capital, a fee-only RIA based in Chicago, Illinois, which manages $300M across more than 100 client households. What's unique about Christa, though, is how she used her business development and networking skills to overcome the challenges that sprung up when, through a combination of p

Financial Advisor 238

Financial Advisor Fee Only Financial Guidance Insurance 238

Abnormal Returns

DECEMBER 12, 2023

Strategy Why do people still try to forecast a year ahead? (behaviouralinvestment.com) Stocks can hedge against inflation, but you still shouldn't hope for it. (morningstar.com) Finance $4 trillion of 'dry powder' for PE. Opportunity or threat? (ft.com) Citadel Investments had (another) good year. (bloomberg.com) ETFs ETFs continue to generate interest among advisers.

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Financial Advising Retail Media Economy 219

The Big Picture

DECEMBER 12, 2023

My Two-for-Tuesday morning train reads: • How four different types of stock market participants are thinking about 2024 : Financial pros are bullish, but consumers not so much. ( TKer ) see also When Bond Yields Dropped, the Everything Rally Kicked Off : Stocks, bonds, crypto and gold are surging, sparking worries of a fleeting sugar high ( Wall Street Journal ) • ESG Critics Ultimately May Help Improve the Strategies : Subjective and arbitrary decisions do affect ESG rankings — but ongoing ch

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Retail Engineering Media Accounting 130

Abnormal Returns

DECEMBER 12, 2023

Venture capital VC-backed IPOs don't perform better over the long run. (papers.ssrn.com) Research shows a disadvantage to big VC funds, return-wise. (institutionalinvestor.com) Alternative assets The institutionalization of alternative assets has backfired for most investors. (investmentecosystem.com) The dispersion in private equity portfolio returns is not unexpected.

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Portfolio Management Retail Assets Portfolio 213

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

A Wealth of Common Sense

DECEMBER 12, 2023

Let’s walk through a quick thought exercise: How many homeowners could afford the monthly payment on their house at current levels of mortgage rates and home prices? Take the current value of your home, subtract 20% for a down payment and slap a 7% mortgage rate on it. Could you afford it? I did this for my house. The monthly payment would be nearly three times what we’re currently paying!

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Advisor Perspectives

DECEMBER 12, 2023

To break out of your prospect’s selection process and avoid being commoditized as an advisor, you must shift them out of their shopping-mode mindset.

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Wealth Management

DECEMBER 12, 2023

Mariner Wealth Advisors' claims follow Edelman Financial Engines' lawsuit filed last month accusing Mariner of recruiting Edelman advisors, and helping them break non-solicitation agreements.

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Recruitment Wealth Advisor Engineering 111

Trade Brains

DECEMBER 12, 2023

Hammer Candlestick Pattern : Candlestick patterns are a part of technical analysis preferred by traders to understand and predict the future price movement in securities. Here in this article, we shall discuss the hammer candlestick pattern with its meaning, types and how to set up a trade with the pattern formation. What is a Hammer Candlestick Pattern?

Risk Management 105

Risk Management Management Banking Portfolio 105

Wealth Management

DECEMBER 12, 2023

Apex has filed a registration statement today with the SEC for an initial public offering. It's the firm's second attempt after a SPAC deal fizzled out a year ago.

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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

Calculated Risk

DECEMBER 12, 2023

From the BLS : The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in November on a seasonally adjusted basis, after being unchanged in October, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.1 percent before seasonal adjustment. The index for shelter continued to rise in November , offsetting a decline in the gasoline index.

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Food Medical Communication Insurance 104

Wealth Management

DECEMBER 12, 2023

Alts firms that have historically catered to big investors and institutions, like KKR, Blackstone, Apollo and Ares, are all pursuing individual investors with new products, reports Forbes. The Wall Street Journal examined the tricky math involved in valuing private real estate funds. These are among the must reads from the real estate investment world.

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Math Investing Investments 110

Calculated Risk

DECEMBER 12, 2023

Here are a few measures of inflation: The first graph is the one Fed Chair Powell had mentioned earlier when services less rent of shelter was up 7.6% year-over-year. This declined sharply and is now up 3.5% YoY. Click on graph for larger image. This graph shows the YoY price change for Services and Services less rent of shelter through November 2023.

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Food 95

Wealth Management

DECEMBER 12, 2023

Altruist is also building out an integrations marketplace, with detailed profiles of each vendor and reviews from existing customers.

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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

The Irrelevant Investor

DECEMBER 12, 2023

Today’s Animal Spirits is brought to you by YCharts and The College for Financial Planning: See here for YChart’s Top 23 Charts of 2023 See here to learn more about The College for Financial Plannings Chartered Retirement Plans Specialist designation On today’s show, we discuss: You’re better off going all in on stocks than bonds, new research finds Beyond the status quo: A critical assessment of lifecy.

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Retirement Planning Financial Planning Retirement Planning 92

Wealth Management

DECEMBER 12, 2023

The Portland-based firm sets up shop in Philadelphia to expand support services following a year of record growth along the East Coast.

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Advisor Perspectives

DECEMBER 12, 2023

You can manage the transition period after someone leaves your team in a way that makes your clients happier than ever and more confident in your firm.

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Clients Management 100

Wealth Management

DECEMBER 12, 2023

But the wirehouse has increased expense allowances for all advisors and reduced incentives for mortgage referrals.

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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

Clever Girl Finance

DECEMBER 12, 2023

Most of us have heard of various ways to save cash that can really work. And something like saving can be easier if you make it fun. That’s why so many people love finding weird ways to save money, like funny and crazy money-saving challenges. Table of contents 40 weird ways to save money Expert tip: Ditch the plastic and pay with cash What are the best ways to dramatically save money?

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Budgeting Food Banking Accounting 80

Million Dollar Round Table (MDRT)

DECEMBER 12, 2023

By Mike Beirne, Round the Table editor Artificial intelligence (AI), to some, is the bad genie that will unleash disinformation, job losses and other chaos onto mankind. For Jonathan Peter Kestle, CLU, B Com , ChatGPT is like a college intern who majors in English. The nine-year MDRT member from Ingersoll, Ontario, Canada, prompted the AI chatbot to write a table of contents for a marketing white paper to share with clients.

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Advisor Perspectives

DECEMBER 12, 2023

Do you use your company email for personal purposes? If so, think twice. Then stop.

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Random Roger's Retirement Planning

DECEMBER 12, 2023

Bloomberg wrote what I interpret as a scathing condemnation of JP Morgan's handling of a customer account. The client was in his 70's when the story starts in 2015 and he had "at least $50 million." Over the next few years there was a combo of the client becoming cognitively impaired and the bank had him in very "sophisticated" and complex investments with a boat load of leverage and very concentrated allocation to master limited partnerships (MLPs).

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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

Advisor Perspectives

DECEMBER 12, 2023

The Consumer Price Index for Urban Consumers (CPI-U) released for November puts the year-over-year inflation rate at 3.14%. The latest reading keeps inflation below the 3.74% average since the end of the Second World War for the 6th straight month. However, inflation remains above the 10-year moving average which is now at 2.73%.

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Financial Symmetry

DECEMBER 12, 2023

The end of 2023 is quickly approaching. Before your calendar is filled with holiday parties and finding the perfect gift for your next White Elephant gift exchange, here are some items you might consider before saying goodbye to 2023: … Continued The post End-of-the-Year Financial Checklist appeared first on Financial Symmetry, Inc.

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Advisor Perspectives

DECEMBER 12, 2023

Inflation cooled in November with both headline and core CPI readings coming in as expected. According to the Bureau of Labor Statistics, the headline figure for the Consumer Price Index dropped to 3.1% year-over-year while core CPI was flat at 4.0%.

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Ron A. Rhodes

DECEMBER 12, 2023

Can the use of a title – such as “financial planner” (or CFP) or “financial consultant” or “wealth manager” or “investment consultant” or similar – by the registered represent of…

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Financial Planner Wealth Management Financial Consultant CFP 67

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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

Advisor Perspectives

DECEMBER 12, 2023

The headline number for the NFIB Small Business Optimism Index fell to 90.6 in November, as small business owners remained pessimistic about future business conditions. The latest reading was better than the forecast of 90.7 and marked the 23rd straight month the index has been below the series average of 98.1.

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Calculated Risk

DECEMBER 12, 2023

The Cleveland Fed released the median CPI and the trimmed-mean CPI. According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.4% in November. The 16% trimmed-mean Consumer Price Index increased 0.3% in November. "The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics’ (BLS) monthly CPI report".

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Food Banking 58

Advisor Perspectives

DECEMBER 12, 2023

I've updated this series to include the November release of the consumer price index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $49,517, down 7.67% from over 50 years ago. After adjusting for inflation, hourly earnings are below their all-time high from April 2020.

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