Abnormal Returns
JANUARY 22, 2024
Markets Putting the past bear market into historical perspective. (awealthofcommonsense.com) Bitcoin How supply and demand drives Bitcoin. (theirrelevantinvestor.com) FTX sold a bunch of the Grayscale Bitcoin Trust ($GBTC). (coindesk.com) Is Bitcoin mining a good business? (herbgreenberg.substack.com) Finance In credit cards there's Visa ($V), Mastercard ($MA), and everyone else.
Nerd's Eye View
JANUARY 22, 2024
In the early days of wealth management, a financial advisor's value proposition was relatively explicit, typically focusing on a limited range of portfolio management activities (e.g., selling and trading) or on sales-oriented advice that centered on implementing insurance products. As the industry has evolved, though, the value offered by financial advisors, especially for High-Net-Worth (HNW) clients, has come to involve a far more comprehensive range of services in addition to traditional inv
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Abnormal Returns
JANUARY 22, 2024
Podcasts Michael Kitces talks social media with Thomas Kopelman who is the co-founder of AllStreet Wealth. (kitces.com) Zach Conway and Kelsey McKenna talk with Michael Conway, CEO of Conway Wealth, about the multifaceted roles financial advisors play beyond managing investments. (open.spotify.com) Daniel Crosby talks with Richard Shotton who is the founder of Astroten, a consultancy that applies behavioral science to marketing.
The Big Picture
JANUARY 22, 2024
Remember Squid Game ? Written and directed by Hwang Dong-hyuk, “Squid Game” made its debut on Netflix on September 17, 2001. During the lockdown, it quickly became must-see TV, becoming a global phenomenon. Variety reported that Squid Games had “1.65 billion hours streamed in first four weeks.” Eventually, the show became Netflix’s most-watched original show by far, racking up over 2.2 billion hours of viewing.
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.
Advisor Perspectives
JANUARY 22, 2024
The Conference Board Leading Economic Index (LEI) fell for a 21st straight month in December as the LEI continues to signal underlying weakness in the U.S. economy. The index inched down 0.1% from last month to 103.1, the index's lowest reading since May 2020.
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Carson Wealth
JANUARY 22, 2024
New All-Time Highs at Last New highs! The S&P 500 Index set an all-time high for the first time in more than two years Friday. Setting all-time highs is generally supportive for markets, and they’re even better if it’s been a year or more since the last one. On the bond side, our base case is the Fed will cut rates 4-5 times this year with the first cut in May.
Wealth Management
JANUARY 22, 2024
Advisor use of separately-managed accounts as standalone programs and part of unified managed accounts will soon exceed $2 trillion in assets, the research firm found.
Advisor Perspectives
JANUARY 22, 2024
One topic that hasn’t been discussed enough is that the loss of welfare from underspending is likely much higher than from choosing a fee method.
Wealth Management
JANUARY 22, 2024
The bank filed its complaint against Nader Joseph Al-Mooshi, arguing that so far the advisor’s convinced about 64 households with $40 million in assets to leave J.P. Morgan and join Kestra Financial.
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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.
XY Planning Network
JANUARY 22, 2024
EXCLUSIVE XYPN LIVE CONTENT Whether you embrace the technical side of marketing with both arms or at arm's length, the fact remains: leveraging it in your RIA marketing plan will bring you long-term gains. So how does a fee-only financial advisor (who probably prefers financial planning to marketing) go about creating and implementing higher-impact RIA marketing strategies?
Wealth Management
JANUARY 22, 2024
The interactive tool gives clients a "visualization" of their financial lives on one page, and now doesn't require advisors subscribe to the larger Income Lab platform.
Clever Girl Finance
JANUARY 22, 2024
You’re likely reading this article because you’re interested in the differences between the way poor vs rich people think and act. You’d probably like to apply the habits of the rich in your own life, right? Well, one thing stands out – it starts with a rich mindset. Table of contents The difference between rich and poor mentality What is a poor mindset?
Wealth Management
JANUARY 22, 2024
Apex, long known as a master of API integrations, has built a fast, modern user interface for advisors called Astra.
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
JANUARY 22, 2024
Today’s Talk Your Book is recorded live at FARMCON: See here for more information on one of the largest ag-focused conferences in the country! On today’s show, we discuss: The macro economy in 2023, and what to expect in 2024 Financial planning basics Commodity trading Behavioral finance and how it affects investing decisions A live Q and A A conversation with Andy Daniels, a legend in the commodity trading.
Wealth Management
JANUARY 22, 2024
Global demand for cryptocurrency investment products eased last week, with funds seeing $21 million in outflow.
Clever Girl Finance
JANUARY 22, 2024
Receiving a sudden financial windfall can come with many mixed emotions. It’s exciting and overwhelming all at the same time! When handled with care and used wisely, receiving a large sum of money provides a great opportunity to improve your financial situation. Table of contents What is a financial windfall? 10 steps to manage a financial windfall Expert tip: Keep living your life normally Factoring in taxes How do you deal with sudden financial windfall?
Wealth Management
JANUARY 22, 2024
How the convergence of wealth & retirement at the workplace could affect the market.
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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.
Clever Girl Finance
JANUARY 22, 2024
Do you spend money faster than you can make it? If you feel this way, you’re not alone. That said, ideas on money saving challenges could be just what you need, as we could all use some extra money, especially in these trying times. Table of contents What is a money saving challenge? Why money saving challenges are a great idea 18 money saving challenges to try today Expert tip: Organize your money to maximize savings The best times to do money saving challenges What are the potential obstacles
Advisor Perspectives
JANUARY 22, 2024
As the profession steers away from the traditional transaction-based approach to a paradigm more focused on deep personal relationships and comprehensive planning and advice, keep in mind the following considerations to provide exponential value in 2024.
Clever Girl Finance
JANUARY 22, 2024
Even when you’ve got a lot of things right, you might reach a point when getting your financial situation under control seems impossible. If you’re really struggling financially and aren’t sure which problem to tackle or how, budget counseling can help. Table of contents What is budget counseling? Types of guidance you can get from budget counseling Expert tip: Leverage budgeting tips from counseling to improve your finances How much budget counseling costs Where to find a budget counseling serv
Financial Symmetry
JANUARY 22, 2024
I’ve been working with the 3rd Decade program* as a volunteer mentor for over a year now. As I progress on my mentor journey, I continue to see a common goal among my mentees: home ownership. I have found that … Continued The post Understanding Lender Ratios and Credit Score Before Buying a Home appeared first on Financial Symmetry, Inc.
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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!
Clever Girl Finance
JANUARY 22, 2024
Sometimes, no matter how much we think we are cutting back on spending, it’s not enough. Cutting back on things like gym memberships and Starbucks might be a good way to save money, but sometimes we need more. Instead, we need to resort to living on an extreme budget and finding extreme ways to save money. Table of contents Why would you want to find extreme ways to save money?
Alpha Architect
JANUARY 22, 2024
In this academic article, the authors pull together an analysis of the types of thematic structures found most often in financial planning studies as well as the theories most often referenced. Here are the themes found in financial planning research. What’s missing? was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Calculated Risk
JANUARY 22, 2024
From the MBA: Share of Mortgage Loans in Forbearance Decreases to 0.23% in December The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 3 basis points from 0.26% of servicers’ portfolio volume in the prior month to 0.23% as of December 31, 2023. According to MBA’s estimate, 115,000 homeowners are in forbearance plans.
Random Roger's Retirement Planning
JANUARY 22, 2024
Here's an interesting Tweet and yes, I am sticking with calling it Twitter/Tweets. The concept is important for understanding why short sale bans are a bad idea. There is a secondary, more subtle point that relates to portfolio construction and portfolio theory as we discuss here and as I have implemented into client accounts. Back in 2006 and 2007 there were far fewer funds available to help offset large stock market declines.
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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.
Wealth Management
JANUARY 22, 2024
These funds saw the most activity over the past 30 days.
Advisor Perspectives
JANUARY 22, 2024
Two of the eight indexes on our world watch list have posted gains through January 22, 2024. Tokyo's Nikkei 225 finished in the top spot with a YTD gain of 9.21%. The U.S.'s S&P 500 finished in second with a YTD gain of 2.27% while India's BSE SENSEX finished in third with a YTD loss of 0.29%.
Wealth Management
JANUARY 22, 2024
When will the world have its first trillionaire?
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