Abnormal Returns
JANUARY 11, 2024
Books A Q&A with Hannah Ritchie "Not the End of the World: How We can Be the First Generation to Build a Sustainable Planet." (fasterplease.substack.com) An excerpt from "Silent Cavalry: How Union Soldiers from Alabama Helped Sherman Burn Atlanta — and Then Got Written Out of History" by Howell Raines. (washingtonpost.com) Technology Does the NY Times ($NYT) have a case against AI and OpenAI specifically?
The Big Picture
JANUARY 11, 2024
I am popping out of book leave to just throw a few charts at you regarding the Inflation data for December. CPI came in a 0.3% versus 0.2% expected month over month. But the devil is in the details. BLS pointed to shelter as the source of the increase: “The index for shelter continued to rise in December, contributing over half of the monthly all items increase.” In the real world, shelter measures were flat or negative.
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Abnormal Returns
JANUARY 11, 2024
Markets Microsoft ($MSFT) has nearly overtaken Apple ($AAPL) as the market cap leader. (wsj.com) Uranium prices are at their highest level since 2007. (semafor.com) Crypto How to choose among the many spot Bitcoin ETFs. (morningstar.com) How long can Grayscale hold out against the Bitcoin ETF fee war? (riabiz.com) Vanguard is not going to allow customers to purchase of spot Bitcoin ETFs.
The Big Picture
JANUARY 11, 2024
Hey, this is a really nice surprise: Masters in Business was the winner in the Best Business-to-Business Podcast. I am Thrilled and humbled to win anything! Here’s what Adweek says: “In a world of shrinking attention spans where long-form journalism is an endangered species, Masters in Business sounds a refreshingly contrarian note. Creator and host Barry Ritholtz not only invites some of the most dynamic and creative business thinkers to the microphone–he’ll also often s
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.
Nerd's Eye View
JANUARY 11, 2024
As the beginning of the new year invites a fresh start, it's a fitting time to reflect on our own wellbeing and the elements that make us happy in life. While many believe they understand what brings them joy, it can be difficult to recognize the patterns that consistently enhance wellbeing and happiness. The most recent Kitces Research Study on What Actually Contributes To Advisor Wellbeing sheds light on this topic, revealing some of the factors that contribute most to positive wellbeing for a
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Advisor Perspectives
JANUARY 11, 2024
In the week ending January 6, initial jobless claims were at a seasonally adjusted level of 202,000, a decrease of 1,000 from the previous week's revised figure. The latest reading is lower than the forecast of 210,000.
Wealth Management
JANUARY 11, 2024
The ongoing case before the Supreme Court, which questions the constitutionality of taxing unrealized capital gains, holds significant implications for the future of wealth management.
NAIFA Advisor Today
JANUARY 11, 2024
NAIFA is pleased to announce that Suzanne Carawan is NAIFA’s Vice President, Membership and will lead a newly created department focused on creating exceptional member value and increased engagement in NAIFA’s core areas of advocacy, education, and volunteer leadership. She and her team will develop strategies and implement tactics to deliver NAIFA’s value proposition to an expanded pool of financial professionals that now call NAIFA home due to the recent merger with the Society of Financial Se
Calculated Risk
JANUARY 11, 2024
Today, in the Calculated Risk Real Estate Newsletter: Part 2: Current State of the Housing Market; Overview for mid-January 2024 A brief excerpt: “If you do not know where you come from, then you don't know where you are, and if you don't know where you are, then you don't know where you're going. And if you don't know where you're going, you're probably going wrong.
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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.
Wealth Management
JANUARY 11, 2024
A redesigned CAIA certification program for alternative investments highlights the need for advisors to approach the sector as a long-term, strategic play.
A Wealth of Common Sense
JANUARY 11, 2024
A reader asks: What would be the pros and cons of purchasing weighted amounts of the 11 stock market sectors and rebalancing your portfolio each year rather than just indexing the total market or the S&P 500? One is obviously much more time-consuming, but could the juice be worth the squeeze? I’ve actually been asked this question before over the years.
Wealth Management
JANUARY 11, 2024
Replacing interim CFO Bill Siemers, who has been in the role since June, Marks has held corresponding roles at Thompson Reuters, Mercer and Condé Nast.
SEI
JANUARY 11, 2024
Local Artists Invited to Submit Ballpark Mural Concepts by January 26, Initiative Underscores Mutual Commitment to Building Community Connections
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.
Wealth Management
JANUARY 11, 2024
The $2 billion AUM Stafford Schauer Private Wealth Team joins Arax's Ashton Thomas Private Wealth from Deutsche Bank.
Calculated Risk
JANUARY 11, 2024
The DOL reported : In the week ending January 6, the advance figure for seasonally adjusted initial claims was 202,000 , a decrease of 1,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 202,000 to 203,000. The 4-week moving average was 207,750, a decrease of 250 from the previous week's revised average.
Wealth Management
JANUARY 11, 2024
Fresh off its rebranding from CoastalOne, Realta Wealth has hired Mark Helliker, a former Avantax, LPL and Schwab executive, as chief operating officer.
Calculated Risk
JANUARY 11, 2024
Here are a few measures of inflation: The first graph is the one Fed Chair Powell had mentioned early last year when services less rent of shelter was up 7.6% year-over-year. This declined sharply and is now up 3.4% 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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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.
Wealth Management
JANUARY 11, 2024
Summit founder Reed Colley's latest endeavor is being rolled out to Brighton's advisors across 33 states.
Advisor Perspectives
JANUARY 11, 2024
The Consumer Price Index for Urban Consumers (CPI-U) released for November puts the year-over-year inflation rate at 3.35%. The latest reading keeps inflation below the 3.74% average since the end of the Second World War for the 7th straight month. However, inflation remains above the 10-year moving average which is now at 2.75%.
Wealth Management
JANUARY 11, 2024
An annual digest of the year's podcast with financial advisors with hosts Louis Diamond and Jason Diamond
The Irrelevant Investor
JANUARY 11, 2024
Today’s Compound and Friends is brought to you by Dimensional Fund Advisors ETFs: Visit Dimensional.com for more information on investing with Dimensional Fund Advisors On today’s show, we discuss: Bottle service at the Las Vegas Super Bowl Apple bull Dan Ives is ubiquitous, though not always right. What drives him to want more? Short sellers lost more money betting against Tesla than any other company last ye.
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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!
Wealth Management
JANUARY 11, 2024
Two fellowship participants share their experiences in the estate planning field.
Advisor Perspectives
JANUARY 11, 2024
Headline inflation heated up in December while core inflation cooled. According to the Bureau of Labor Statistics, the headline figure for the Consumer Price Index rose to 3.4% year-over-year while core CPI inched down to 3.9%. Both readings came in higher than their respective forecasts.
Wealth Management
JANUARY 11, 2024
Pierce will stay on until April 1 as Cetera implements a "downstream" recruiting strategy.
Advisor Perspectives
JANUARY 11, 2024
The hype around US spot Bitcoin ETFs has reached meme levels akin to pandemic-era laser eyes: Crypto prices are soaring, hackers are mobilizing and Redditors are pumping. But the promise of game-changing, gold-like adoption looks like a meme too far.
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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 11, 2024
The virtual platform is meant to streamline business administration and tech management for sub-$100 million advisors.
Calculated Risk
JANUARY 11, 2024
From the BLS : The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in December on a seasonally adjusted basis, after rising 0.1 percent in November, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.4 percent before seasonal adjustment. The index for shelter continued to rise in December, contributing over half of the monthly all items increase.
Wealth Management
JANUARY 11, 2024
Brandon Corso will work from a new Baird office in the greater Washington, D.C., area.
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