Nerd's Eye View

MARCH 13, 2023

For the past several decades, platforms for advisors have differentiated with the quality of their technology. The focus on ‘tech’ was a natural evolution for advisor platforms away from their roots – which was originally to differentiate by the quality of their proprietary product shelf, the primary means that brokerage firms and insurance companies attracted advisors to them in the 1960s, 70s, and 80s.

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Abnormal Returns

MARCH 13, 2023

Strategy Chasing past returns often ends badly. (bilello.blog) Why you always seem to sell your stocks at the bottom. (dariusforoux.com) Finance The $250,000 FDIC cap has been effectively lifted. (bonddad.blogspot.com) We still don't know everything about the downfall of Silicon Valley Bank. (ritholtz.com) The reversal in interest rates could relieve some pressure on bank portfolios.

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The Reformed Broker

MARCH 13, 2023

On this special episode of Live from The Compound, Samir Kaji (CEO and co-founder of Allocate) joins Michael Batnick and Josh Brown to discuss the collapse of Silicon Valley Bank and the impact it could have on the banking system and the stock market. Follow Samir on: Twitter Linkedin Substack Let us know if we can help you with your financial plan or portfolio: [link].

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Abnormal Returns

MARCH 13, 2023

Podcasts Mihael Kitces talks the challenges of succession planning with Yonhee Choi Gordon a Principal and the COO of JMG Financial Group. (kitces.com) Peter Lazaroff talks SECURE Act 2.0 with Plancorp's Brian King. (peterlazaroff.com) Daniel Crosby talks with Eben Burr, who is the President of Toews, about risk management. (standarddeviationspod.com) Retirement saving Too many people cash out their 401(k) accounts when they leave their employer.

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Accounting

The Reformed Broker

MARCH 13, 2023

Final Trades: Oracle, Abbvie & Gold from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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MarketWatch

MARCH 13, 2023

Acadia Pharmaceuticals Inc. ACAD said its newly approved treatment for Rett syndrome has an annual list price ranging from $575,000 to $595,000, according to a company spokesperson. The Food and Drug Administration on Friday approved Daybue, the first therapy to treat Rett syndrome, a rare disease that has been diagnosed in 4,500 adults and children in the U.S.

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Advisor Perspectives

MARCH 13, 2023

Here is some research on why our clients built a sizable portfolio while others had high income but little savings. I’ll address specifics on how to get savers to enjoy their money.

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NAIFA Advisor Today

MARCH 13, 2023

NAIFA-OK Vice President of Advocacy Chad Tredway, LUTCF ® , FSCP ® , always knew he wanted to be in the financial services industry. He studied actuarial science in college but found his true calling working with customers directly, learning their stories, and helping them as they mapped out their financial futures. After several years as an agent, he was appointed as a district manager.

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MarketWatch

MARCH 13, 2023

Shares of Provention Bio Inc. PRVB skyrocketed 260% in premarket trading Monday, after French pharmaceutical group Sanofi SNYFR:SAN said Monday that it will buy the U.S.-based biopharmaceutical company focused on autoimmune diseases, for $25 per share in cash, in a deal with an equity value of $2.9 billion. The deal will allow Sanofi to add to its portfolio, TZIELD, which was approved in the U.S. last year as the first disease-modifying treatment for the delay of Stage 3 type 1 diabetes (T1D).

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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

Advisor Perspectives

MARCH 13, 2023

Let’s explore the barriers that have kept alts in an ivory tower, why they’re becoming mainstream, and how advisors and their clients can incorporate alts into their portfolios.

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Wealth Management

MARCH 13, 2023

Advisors in SVB's $17 billion wealth management unit, which includes its 2021 acquisition of Boston Private, were told that the unit will be sold off separately from the bank in the wake of its collapse.

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MarketWatch

MARCH 13, 2023

Momentive Global Inc. MNTV, the company that makes the survey platform SurveyMonkey, on Monday said it agreed to be acquired by a group led by Symphony Technology Group in an all-cash deal that values Momentive at roughly $1.5 billion. Under the deal terms, Momentive shareholders will receive $9.46 per share, compared to Momentive’s closing price of $7.72 on Monday.

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Wealth Management

MARCH 13, 2023

Three million U.S. households continue to rent their homes rather than own them in spite of having relatively high incomes, reports The Wall Street Journal. The Real Deal talked to REIT analyst Alex Goldfarb about the outlook for a commercial real estate downturn. These are among today’s must reads from around the commercial real estate industry.

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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

Integrity Financial Planning

MARCH 13, 2023

Over the course of your life, you have probably acquired several different retirement accounts, and you have likely considered many kinds of retirement strategies. The key now, if you have recently retired or you are about to retire, is to start putting those different pieces together to form a complete picture of what you have and what you may need going forward. 401(k) This is the most common kind of retirement account.

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Wealth Management

MARCH 13, 2023

Commissioner Mark Uyeda argued that such dates all can’t “hit at the same time” during a discussion at the Investment Adviser Association Compliance Conference.

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Compliance Investing Investments 95

A Wealth of Common Sense

MARCH 13, 2023

On today’s show, we spoke with Dr. David Kelly, Chief Global Strategist and Head of the Global Market Insights Strategy Team for J.P. Morgan Asset Management about the SVB drama and knock-on effects in the economy. On today’s show, we discuss: Silicon Valley Bank drama Will the Fed break something else? What does SVB mean for interest rate hikes?

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Wealth Management

MARCH 13, 2023

A rising number of investment platforms, asset managers and sponsors are tapping into retail investor appetite for private real estate assets.

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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

Alpha Architect

MARCH 13, 2023

This article examines the state of Artificial Intelligence (AI). We examine its history with an eye toward what it may mean for the world in years to come. Artificial Intelligence: the Past, the Present and the Future was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

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Wealth Management

MARCH 13, 2023

Some highly-leveraged investors who bought at the market peak are running out of time and may be forced to sell.

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Advisor Perspectives

MARCH 13, 2023

Multiple jobholders account for 5.0% of civilian employment. The survey captures data for four subcategories of the multi-job workforce, the relative sizes of which we've illustrated in a pie chart.

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Accounting 72

Wealth Management

MARCH 13, 2023

Legacy IRAs and charitable remainder trusts are powerful tools to help defer or avoid certain taxes.

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Charitable Planning Assets Retirement Planning 103

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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

MarketWatch

MARCH 13, 2023

President Joe Biden will speak about the steps taken over the weekend to protect the U.S. banking system and the economy at 9 a.m. Eastern, the White House said Monday. Regulators moved on Sunday to risk of more bank runs following the closing of Silicon Valley Bank by opening an emergency lending program and closing another bank. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

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Wealth Management

MARCH 13, 2023

The younger generation's spending is increasingly defined by values, rather than conspicuous consumption.

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MarketWatch

MARCH 13, 2023

To gauge the panic-like activity of bank investors in the wake of the recent failures of SVB Financial Group’s SIVBSilicon Valley Bank and Signature BankSBNY, investors can check out the Nasdaq’s “Current Trading Halts” page. Multiple banks have had their stock halted for volatility, some more than once, since the opening bell. Among some of those that have already been halted at least twice, shares of Western Alliance BancorpWAL plummeted 78.2%, Regions Financial Corp.

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Wealth Management

MARCH 13, 2023

Both Signature’s insured and uninsured customers will be able to access all their deposits under the same “systemic risk exception” that will give Silicon Valley Bank customers access to their cash starting Monday.

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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

MarketWatch

MARCH 13, 2023

First Republic Bank FRCshares fell 60% after the weekend collapse of Signature Bank and Friday’s closure of SVB Financial, even as federal regulators stepped into guarantee those deposits and provide a new lending program. First Republic said it has access to more than $70 billion in unused liquidity after new support from the Federal Reserve and JPMorgan Chase.

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Advisor Perspectives

MARCH 13, 2023

Silicon Valley Bank became the biggest US lender to fail in more than a decade, creating fears of contagion in tech and finance sectors in the US and around the world.

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MarketWatch

MARCH 13, 2023

The Federal Deposit Insurance Corp. (FDIC) said Monday it has transferred all deposits, both insured and uninsured, of the former Silicon Valley Bank to a newly created, full-service FDIC-operated “bridge bank” in an action that seeks to protect all depositors of the bank. The move comes after the regulator closed the bank and its 13 branches on Friday and placed them in receivership, after a run on the bank that was triggered by concerns about the parent SVB Financial Group’s SIVB bond portfoli

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