Tue.May 30, 2023

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#FA Success Ep 335: Systematizing Succession And New Partner Transitions In A $1.5B Ensemble Enterprise, With Timothy Wyman

Nerd's Eye View

Welcome back to the 335th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Tim Wyman. Tim is a Managing Partner for the Center for Financial Planning, a hybrid advisory firm based in Southfield, Michigan, that oversees $1.5 billion in assets under management for 1,000 client households. What's unique about Tim, though, is how, as a second-generation partner, he helped redesign the firm’s organizational structure from siloed advisors to an ensemble practice,

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10 Tuesday AM Reads

The Big Picture

My back-to-work morning train reads: • Why Are Markets So Calm? It’s Revenge of the Quant Funds : Firms that use computers to determine buy and sell signals have been loading up while other investors sit back. ( Wall Street Journal ) • Crypto Is Staging a Major Rebound. How It Survived a $3 Trillion Crash. Bitcoin and other tokens have rebounded while big companies and funds continue to plow capital into cryptocurrencies. ( Barron’s ) • Five Things That Could Knock Nvidia Down : Which is

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Tuesday links: new sources of edge

Abnormal Returns

Strategy How does the stock market perform after a period of sideways action? (ofdollarsanddata.com) Investment funds are a tool, not an investment philosophy. (fortunesandfrictions.com) International diversification never went out of style. (mrzepczynski.blogspot.com) Covered call writing is not free money. (caia.org) Crypto Crypto, and Bitcoin, are still here.

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Clips From Today’s Halftime Report

The Reformed Broker

ChargePoint upgraded to buy at Bank of America from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

Banking 141
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Live Demo: How to Achieve Reconciliation Zen

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Research links: data vacuums

Abnormal Returns

Factors Joachim Klement, "The bottom line is that the academic definition of ‘growth investing’ isn’t really a proper growth investment style." (klementoninvesting.substack.com) What factors are representative of defensive equity. (advisorperspectives.com) Research Igor Tulchinsky, "Finance may not feel like the most obvious application of these [AI] tools, but we should recognize the importance of approaching early-stage technology like this in a spirit of radical openness.

Numbers 130

More Trending

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HNWIs Show a Preference for Direct Investment in Real Estate

Wealth Management

With the sector facing headwinds, HNWI enthusiasm for commercial real estate has dampened and what type of investments they prefer has shifted, according to WMRE exclusive research.

Investing 113
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: Former Wells Fargo executive agrees to pay $3 million fine

MarketWatch

Former Wells Fargo & Co. WFC executive Carrie L. Tolstedt has agreed to pay $3 million to settle charges connected with allegedly misleading investors about the success of the Community Bank, Wells Fargo’s core business, the U.S. Securities and Exchange Commission said late Tuesday. The SEC already has settled related charges against Wells Fargo’s former Chief Executive John Stumpf.

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The Contrarian Predictive Power of Retail Option Trading

Wealth Management

Retail options traders are gambling, driven by sentiment and narratives. That often leads to future price declines on the overbought stocks, research shows.

Retail 119
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: WPP shares climb after content engine deal with Nvidia

MarketWatch

Shares of ad agency WPP UK:WPP rose 3% in early London trade after saying it’s making a content engine in partnership with AI chipmaker Nvidia NVDA. The companies said the engine will allow WPP to make large volumes of brand advertising content such as images or videos and experiences like 3D product configurators more tailored and immersive. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

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12 Midweek Must Reads for Real Estate Investors (May 31, 2023)

Wealth Management

The latest Urban Land Institute forecast looks into when investment sales might rebound. Office owners are starting to dispose of lower quality office buildings, reported The Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

Sales 109
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S&P Case-Shiller Home Price Index: Rebound Continued in March

Advisor Perspectives

In March, S&P Case-Shiller Home Price Index revealed seasonally adjusted home prices for the benchmark 20-city index saw a 0.5% increase month-over-month (MoM) and a 1.2% decrease year-over-year (YoY). After adjusting for inflation, the MoM was reduced to 0.0% and the YoY was reduced to -8.5%.

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Technical Corrections Expected for SECURE 2.0 Act

Wealth Management

The four provisions that require changes revolve around RMDs, employer contribution to pension plans, SIMPLE and SEP plans, and catch-up contribution allowances.

Planning 111
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Kevin Kelly Explores ‘In the Year 2525’, Tech, Longevity, and Advice for Living

Steve Sanduski

Guest: Kevin Kelly , Co-Founder and Senior Maverick of WIRED magazine. His new book is Excellent Advice for Living: Wisdom I Wish I’d Known Earlier. In a Nutshell: Back in 1969, one-hit wonders Zager and Evans reached the top of the Billboard Hot 100 with In the Year 2525. We use the provocative, playful, and, in some cases, quite prophetic questions raised in that song to dive into a wide-ranging conversation about technology, longevity, the future, and the meaning of life.

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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

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.

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Do Clients Really Want Personalized Portfolios?

Wealth Management

Clients rarely have well-defined ideas about what they want their portfolios to look like. That’s why they seek out advisors in the first place.

Portfolio 117
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Case-Shiller: National House Price Index increased 0.7% year-over-year in March

Calculated Risk

S&P/Case-Shiller released the monthly Home Price Indices for March ("March" is a 3-month average of January, February and March closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From CNBC Home price declines may be over, S&P Case-Shiller says Nationally, home prices in March were 0.7% higher than March 2022 , the S&P CoreLogic Case-Shiller Indices said Tuesday.

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RIA Edge Panel: M&A Is Evolving But ‘Here to Stay’

Wealth Management

While fluctuating capital markets may have caused buyers to become more selective, the talk of slowing RIA M&A activity has been over-exaggerated, and valuations remain high for growing firms, said panelists at the RIA Edge conference last week.

Valuation 102
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How to Keep Your Identity Safe Online

MainStreet Financial Planning

With all of the exponential advancements we are seeing in technology, it is important to proactively protect your identity, and these are a few easy ways to do that and save yourself the time and headache of trying to untangle the mess it can create! Freeze your credit Freezing your credit is a free and easy way to add a layer of protection to your identity.

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Transforming Lending: Understanding the Power of Digital Platforms

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.

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WMRE's Common Area: Creating Balance Between Strong Income and Capital Appreciation

Wealth Management

Clarion Partner's Rick Schaupp came on the podcast to talk about the firm's latest real estate investment fund and how it can fit into client's portfolios.

Portfolio 101
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Comments on March Case-Shiller and FHFA House Prices

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Increased 0.7% year-over-year in March Excerpt: The recent increase in mortgage rates to over 7% will not impact the Case-Shiller index until reports released in the Fall. Here is a comparison of year-over-year change in median house prices from the NAR and the year-over-year change in the Case-Shiller index.

Sales 93
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5 ways to stand out and revamp your online presence

Million Dollar Round Table (MDRT)

By Ford Saeks In today’s digital world, your online presence is crucial to the success of your business, as prospects often research you online before they even decide to meet with you. If it has been a while since you thought about your digital marketing strategy, it may be time to update your digital footprint and step up your online presence.

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Healthcare in Retirement: The Basics

Integrity Financial Planning

Healthcare insurance is a crucial aspect of managing one’s health and finances. Understanding its basics can help individuals make informed decisions to help them stay healthy without running into unexpected costs. Here are some important points to keep in mind: Types of health insurance: There are different types of health insurance plans, including health maintenance organizations (HMOs), preferred provider organizations (PPOs), point of service (POS) plans, and high-deductible health pl

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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Some Things We’ve Learned This Year

A Wealth of Common Sense

Some random market thoughts after a nice long holiday weekend: Tech stocks don’t need lower rates to go up. Tech stocks got crushed last year with the Nasdaq 100 falling more than 30%. The Fed raised interest rates from 0% to more than 4% so that didn’t help long-duration assets like growth stocks. But there was this theory many people latched onto that tech stocks were only a rates play.

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The 401(k) Industry Is At a Critical Point

Wealth Management

RPA aggregators gather to discuss opportunities and challenges at the Wealth Management EDGE conference.

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Regional Fed Manufacturing Overview: May 2023

Advisor Perspectives

Five out of the 12 Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia. The May average of the five districts is -17.5, down from the previous month. This is the lowest monthly average in the last three years.

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Animal Spirits: Something Has to Break

The Irrelevant Investor

Today’s Animal Spirits is brought to you by STF Management: See here for more information on STF Management’s Tactical Strategy ETFs On today’s show, we discuss: US Stock ownership highest since 2008 Cathie Wood’s ARKK dumped Nvidia stock before $560B surge Wall Street says a recession is coming, consumers say it’s already here Why you’re losing more to Casinos on the Las Vegas Strip Histor.

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The Blueprint for a Customer-Centric Digital Lending Experience

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.

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Consumer Confidence Slips to Six Month Low

Advisor Perspectives

The Conference Board's Consumer Confidence Index ® slipped to 102.3 in May from April's upwardly revised reading of 103.7. This month's reading was better than expected, exceeding the 99.0 forecast. The latest figure is the index's lowest reading in the past six months.

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Can ChatGPT Help You Read Financial Statements? Yes.

Alpha Architect

Can chatbots, like ChatGPT, be used to interpret and condense lengthy financial disclosures into shorter but relevant documents? Can ChatGPT Help You Read Financial Statements? Yes. was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

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: Tesla stock jumps 3% premarket as Wedbush says Musk visit to China comes at key time for company

MarketWatch

Tesla Inc.’s stock TSLA rose 3% premarket Tuesday, as Chief Executive Elon Musk was on a visit to China, his first in about three years. Wedbush analyst Dan Ives said the visit comes at a key time for the electric vehicle maker. “We would expect Musk to spend most of his visit around the key Shanghai Gigafactory plant which remains the hearts and lungs of the Tesla production globally,” Ives wrote in a note to clients.

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