Abnormal Returns
SEPTEMBER 21, 2023
Markets The credit markets are very different than they were in 2009. (semafor.com) Despite a slowdown, the warehouse industry is raising rents. (wsj.com) IPOs Shopify ($SHOP) is a winner in the Klayvio ($KVYO) IPO. (theinformation.com) Is the IPO window really that open? (ft.com) Books A review of "The Missing Billionaires: A Guide to Better Financial Decisions" by Victor Haghani and James White.
The Big Picture
SEPTEMBER 21, 2023
My morning train WFH reads: • Peek Inside America’s Largest Privately Owned Company : Cargill’s business model has worked for 158 years. Follow the money and you’ll see it ain’t broken yet. ( Bloomberg ) • Indexing Is Still the Best Bet for Investors : History shows that even in ‘narrow’ markets, actively managed funds don’t do as well over the long term. ( Wall Street Journal ) see also You Might Be Paying Too Much for That Index Fund : Push toward zero-cost ETFs nears the finish line. ( Wall S
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Abnormal Returns
SEPTEMBER 21, 2023
Books Annie Duke talks with Elizabeth Zalman and Jerry Neumann co-authors of "Founder vs. Investor: The Honest Truth About Venture Capital from Startup to IPO." (annieduke.substack.com) Five insights from An except from “Build the Life You Want: The Art and Science of Getting Happier” by Arthur C. Brooks and Oprah Winfrey. (nextbigideaclub.com) An excerpt from Devorah Heitner’s new book, "Growing Up in Public: Coming of Age in a Digital World.
Nerd's Eye View
SEPTEMBER 21, 2023
Regardless of the size of a financial advisory firm, clients are a constant necessity to sustain a profitable business. And while some form of advertising is how firms have traditionally attracted clients, some advisors have asked if not actively marketing themselves can be a viable option, where new clients find their way to the advisor through a referral network who vouches for the good service they provide.
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.
Wealth Management
SEPTEMBER 21, 2023
That gives the firm’s RIA custody clients free access to performance reporting, fee billing, portfolio rebalancing, a client portal and portfolio accounting software.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
SEPTEMBER 21, 2023
The Barclays breakaway discusses his 2015 landmark leap with five partners, three offices, and $3 billion in AUM, plus shares why he feels UHNW clients are best served in independence, what they do to drive extraordinary growth, and much more.
NAIFA Advisor Today
SEPTEMBER 21, 2023
Rith Nou, a proud NAIFA member since 2017, has seen the American Dream from both sides: as an immigrant who worked hard to find business success and as an advisor helping others achieve their financial goals. In the current issue of InsuranceNewsNet magazine , Nou explains, "Our profession pays you well and also allows you to give back in a way that makes you feel aligned.
Calculated Risk
SEPTEMBER 21, 2023
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 4.04 million SAAR in August; Median Prices Increased 3.9% YoY in August Excerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2022 and 2023. Sales declined 15.3% year-over-year compared to August 2022.
The Irrelevant Investor
SEPTEMBER 21, 2023
Today’s Compound and Friends is brought to you by Public: Visit public.com/compound for more information on how to earn 5+% interest with a treasury account on public. On today’s show, we discuss: The quality spectrum The curious incident of the elevated profit margins Benchmark-free allocation strategy Waiting for the last dance Reinvesting when terrified Why permabears seem right even when they’re.
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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.
Calculated Risk
SEPTEMBER 21, 2023
From Matthew Graham at Mortgage News Daily: Mortgage Rates Jump up to 23-Year Highs Between the data and the overnight momentum in overseas markets, bonds are at their weakest levels in years. Mortgage-backed securities (the bonds that dictate mortgage rates) didn't swoon quite as much as Treasuries, but as of today, it was just enough to push the average mortgage lender almost perfectly back in line with the highest 30yr fixed rate of the past 23 years. [ 30 year fixed 7.47% ] emphasis added Fr
Wealth Management
SEPTEMBER 21, 2023
Also, DPL Financial Partners acquired AnnuityFix and SMArtX Advisory Solutions will launch SMArtY platform with Russell Investments’ model portfolios.
NAIFA Advisor Today
SEPTEMBER 21, 2023
Richard (Rick) Demko is a licensed life insurance agent who speaks nationally to associations, consumers, and producer groups regarding proper life insurance planning strategies. He holds the Chartered Life Underwriter (CLU), Chartered Financial Consultant (ChFC), Retirement Income Certified Professional (RICP), Life Underwriting Training Council Fellowship (LUTCF), Life and Annuity Certified Professional (LACP), and is currently challenging the CFP.
Wealth Management
SEPTEMBER 21, 2023
The addition doubles the amount of managed assets J.P. Morgan Private Bank has in the Seattle market from five years ago, according to the bank.
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.
A Wealth of Common Sense
SEPTEMBER 21, 2023
Nick Sapienza joined me again this week to answer questions about home equity, paying off credit card debt, asset allocation in retirement and Simple IRAs. Further Reading: The Worst Housing Affordability Ever? The post Renting vs. Buying: When You Shouldn’t Buy a House appeared first on A Wealth of Common Sense.
Wealth Management
SEPTEMBER 21, 2023
The ninth annual "Wealthies" Awards were held on Sept. 7 at the Ziegfeld Theater in New York City.
Advisor Perspectives
SEPTEMBER 21, 2023
Can the economy grow 2.0% to 2.5% faster per year over the next 10 years than the last 30 years? I don't think so.
Wealth Management
SEPTEMBER 21, 2023
FutureVault CEO Daniel Kenny and CMO Kristian Borghesan talk all things digital vault technology.
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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.
Million Dollar Round Table (MDRT)
SEPTEMBER 21, 2023
By Simon D. Lister, Dip PFS Despite our best intentions as financial advisors, sometimes we get in our own way with clients. To remove obstacles between yourself and clients, think of yourself as a paid communicator and not someone who sells. Prospects and clients can have natural barriers based on preconceived ideas when you start mentioning products because to them that’s not why they’re meeting with you.
Wealth Management
SEPTEMBER 21, 2023
Brett Harrison, who currently leads Cetera Advisors, who will exit the company after 25 years. Tom Halloran takes his place.
Advisor Perspectives
SEPTEMBER 21, 2023
The Conference Board Leading Economic Index (LEI) fell for the 17th consecutive month in August as economic uncertainty and recession fears continue to grow. The index dropped 0.4% from last month to 105.4, the index's lowest reading since June 2020.
Calculated Risk
SEPTEMBER 21, 2023
The DOL reported : In the week ending September 16, the advance figure for seasonally adjusted initial claims was 201,000 , a decrease of 20,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 220,000 to 221,000. The 4-week moving average was 217,000, a decrease of 7,750 from the previous week's revised average.
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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
SEPTEMBER 21, 2023
BlackRock Inc. and other money managers spent years rolling out sustainable funds, seeking to capitalize on surging interest in ESG investing. Now they’re abandoning an increasing number of those products in the US amid political backlash and investor scrutiny.
Trade Brains
SEPTEMBER 21, 2023
Manoj Vaibhav Gems ‘N’ Jewellers IPO Review: Manoj Vaibhav Gems ‘N’ Jewellers is coming up with its Initial Public Offering. The IPO will open for subscription on 22 September 2023 and close on 26 September 2023. In this article, we will look at the Manoj Vaibhav Gems ‘N’ Jewellers IPO Review and analyze its strengths, weaknesses, financials and GMP.
Advisor Perspectives
SEPTEMBER 21, 2023
In the week ending September 16, initial jobless claims fell to their lowest level since January. Seasonally adjusted initial jobless claims were at 201,000, a decrease of 20,000 from the previous week's revised figure of 221,000. The latest reading was below the forecast of 225,000.
Wealth Management
SEPTEMBER 21, 2023
The Janus Henderson AAA CLO exchange-traded fund has ballooned to a record $3.9 billion in assets since its October 2020 launch, dwarfing at least nine other CLO-focused funds.
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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
SEPTEMBER 21, 2023
The latest Philadelphia Fed manufacturing index dropped back into negative territory indicating a decline in activity. In September, the index fell to -13.5, coming in below the forecast of -0.7. The six-month outlook remained positive for a fourth consecutive month at 11.1.
Trade Brains
SEPTEMBER 21, 2023
Best Blue Chip Stocks under Rs 500 : Investing in the stock market can be risky, and requires a careful selection of stocks to build a diversified and stable portfolio. Blue-chip stocks shave off some of that risk by giving consistent and stable returns. Now let us first understand what is a blue chip stock. These are Stocks from established companies, that are financially sound and have stable revenue growth.
Advisor Perspectives
SEPTEMBER 21, 2023
Existing home sales continued their downward trend in August as prices remained elevated. According to the data from the National Association of Realtors (NAR), existing home sales fell by 0.7% from July to reach a seasonally adjusted annual rate of 4.04 million units. This figure came in lower than the expected 4.10 million. Existing home sales are down 15.3% compared to one year ago.
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