Mon.Sep 26, 2022

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Value Creation

The Reformed Broker

All of the value creation for investors comes from the actions they take in falling markets, not rising ones. If you’re not yet in retirement and not finished putting money into your retirement accounts, every 5% the market falls is an increased opportunity for you to buy things that will be worth much more in the future when you eventually sell them.

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10 Monday AM Reads

The Big Picture

My back-to-work morning train WFH reads: • What is the Fed Doing? Don’t fight the Fed used to be a positive slogan. That’s not the case anymore. If anything, it feels like the Fed wants to fight us, all of us, including the stock market and the economy. The Fed is actively trying to crash the stock market, break the housing market and push the economy into a recession.

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Adviser links: changing relationships

Abnormal Returns

Podcasts Christine Benz and Jeff Ptak talk with Tim Steffen, director of tax planning for Baird. (morningstar.com) Michael Kitces and Carl Richards talk about repurposing lessons from clients for content. (kitces.com) Daniel Crosby talks with Tom Morgan about personal myth making. (standarddeviationspod.com) Future Proof Lisa Shidler, "Future Proof 2022's festival-style event was a hit and will return next year to the same Huntington Beach coastal location.

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The Market For “Lemons” In Financial Advice: How Higher Standards Can Lower Costs And Increase Access To Advice

Nerd's Eye View

In a now-famous 1970 paper, economist George Akerlof used the market for used cars to demonstrate the negative effects that can occur when there are significant information asymmetries between buyers and sellers of a good or service. He highlighted the market for used cars at the time, where, because consumers could not be sure of the quality of a used car they were offered, they were only willing to pay the price of a car in average condition, driving out sellers of high-quality used cars (R

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Housing September 26th Update: Inventory Increased 0.9% Last Week; Hits New Peak for 2022

Calculated Risk

Active inventory increased for the 2nd consecutive week, increasing 0.9% last week, and hitting a new peak for the year. Here are the same week inventory changes for the last four years: 2022: +4.9K 2021: -3.7K 2020: -5.2K 2019: -0.3K Inventory bottomed seasonally at the beginning of March 2022 and is now up 131% since then. More than double! Altos reports inventory is up 28.7% year-over-year.

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Four High Frequency Indicators for the Economy

Calculated Risk

These indicators are mostly for travel and entertainment. It is interesting to watch these sectors recover as the pandemic subsides. Notes: I've added back gasoline supplied to see if there is an impact from higher gasoline prices. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. This data is as of September 25th.

Economy 137
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Fed Keeps Moving the Goal Posts

David Nelson

By David Nelson, CFA. Investors understand markets are discounting mechanism that look to perceived future cash flows to price an asset today. It doesn’t matter what the asset is, stocks, bonds, real estate or even art. All are subject to the financial laws of nature. Art doesn’t generate income at least not until it is sold for a profit but that in itself is another form of cash flow.

Economy 98
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NAIFA Welcomes New Member Nathan G. James

NAIFA Advisor Today

Nathan James always knew he wanted to make a career helping people, so when a friend introduced him to NAIFA-AK Past President Nathan McKay , he knew he had found the right place. Two years later, he is creating customized strategies to help individuals and families reach their retirement goals as a New York Life Insurance Co. agent.

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A Financial Advisor Can Prepare You for A Wintery Market

Integrity Financial Planning

When the winter season comes around, you’ll likely have to adjust your routines and prepare for the cold. If you’re in colder states, you may be looking to purchase a new winter coat or snow boots, or skiing equipment for your winter holidays. Or you may be restocking your snow salt for what are soon-to-be icy sidewalks and driveways. If you live in warmer states, maybe you’ve closed your windows and patios and put your fans and AC units away.

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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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Net Lease Retail Valuations Finally Cracking Under Interest Rate Pressure

Wealth Management

Demand for net lease retail is softening, which is forcing a pricing reset—albeit more slowly than buyers would like.

Retail 121
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Mistake 7: Failing to Sell the Value of Financial Planning

Prosperity Coaching

Financial planning and investment management are not products that can be bought at the supermarket. They don’t help alleviate hunger. They don’t quench thirst. The real benefits are challenging to explain. Yet financial advisors often fail to sell the value of financial planning and the benefits of working with them, […]. The post Mistake 7: Failing to Sell the Value of Financial Planning appeared first on The Prosperous Advisor Coaching Blog.

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Nine Must Reads for the CRE Industry Today (Sept. 26, 2022)

Wealth Management

Land use restrictions are making it difficult to find places to build new housing in the U.S., reports The Wall Street Journal. Roughly half of Washington, D.C. and New York office employees worked remotely in 2021, according to Census Bureau data. These are among today’s must reads from around the commercial real estate industry.

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Hiring 101: Everything You Need to Know

XY Planning Network

9 MIN READ. No matter if you are looking to expand your team or need to replace a position due to turnover, hiring in today’s labor market can easily make one feel a little uneasy. New expectations regarding the workplace and its benefits make finding and retaining talent a full-time job in and of itself. While there is no bulletproof solution to the new area of recruitment, there are key tips and best practices that can help you make a new hire.

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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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Gender Pay Gap Transparency

Alpha Architect

In this article, we examine what the research says about gender pay gap transparency. We look at the research questions and academic insights with an eye toward why it matters. Gender Pay Gap Transparency was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

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The Culture of the Audit Department: Cop or Consultant?

Norman Marks

I had the privilege of working with Mike Jacka as a member of an IIA International Committee for many years. He’s not only smart, but funny – a great speaker if you can get him. He continues to write for the IIA’s magazine and blog. His latest is Mind of Jacka: Not Quite a Manifesto. Mike […].

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Career-enhancing concepts you can use with clients immediately

Million Dollar Round Table (MDRT)

By Ross G. Hultgren, CFP, DFP I am going to share what I have learned from attending MDRT Annual Meetings during the last 30 years. These ideas can change the way you engage with your clients and the experience they have with you during your conversations. You can immediately start trying these ideas, concepts and questions. Furthermore, the concepts can be used by every financial advisor regardless of age, experience or client base.

Clients 78
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Talk Your Book: I Need To Do Some Hedging Trades

A Wealth of Common Sense

Today’s Talk Your Book is presented by SpiderRock Advisors: On today’s show, we spoke with Eric Metz, President and CIO of SpiderRock Advisors about the benefits and intricacies of managed option strategies. On today’s show we discuss: Who SpiderRock Advisors works with The creation of SpiderRock, and its relationship with BlackRock The investment process with SpiderRock Options strategy and tax con.

Taxes 76
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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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Talk Your Book: I Need To Do Some Hedging Trades

The Irrelevant Investor

Today’s Talk Your Book is presented by SpiderRock Advisors: On today’s show, we spoke with Eric Metz, President and CIO of SpiderRock Advisors about the benefits and intricacies of managed option strategies. On today’s show we discuss: Who SpiderRock Advisors works with The creation of SpiderRock, and its relationship with BlackRock The investment process with SpiderRock Options strategy and tax con.

Taxes 76
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Plans to Change 401(k) Advisors at Historic High

Wealth Management

Retirement benefits are an increasingly critical weapon in the ongoing war for talent.

Planning 112
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Weekly Market Insight – September 26, 2022

Cornerstone Financial Advisory

Presented by Cornerstone Financial Advisory LLC. Last week, Fed Chair Powell said the U.S. would not tame inflation without economic pain. This week heightened recession fears and sent stocks broadly lower. The Dow Jones Industrial Average dropped 4.00%, while the Standard & Poor’s 500 lost 4.65%. The Nasdaq Composite index fell 5.07% for the week.

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Why Is a New York Apartment Still So Hard to Find?: Justin Fox

Wealth Management

The chief destroyer of rent-stabilized units since 2000 has been something called high-rent decontrol, which shifted an average of 7,244 units a year from regulated to unregulated.

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Quick Start Guide to a Crystal Clear Close

Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

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What is a value proposition for a financial advisor?

Steven J. Wilson

A financial advisor’s value proposition is a statement describing how the advisor can help their clients achieve their financial goals. It should be clear, concise, and convincing while explaining what makes the advisor’s services unique and valuable to their ideal clients. Financial advisors who have strong value propositions are more likely to attract clients since there is.

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Weaker Demand for Chinese Goods Spells End of Shipping Boom

Wealth Management

Global demand for Chinese goods is waning instead as consumers cut back spending because of inflation and the shift away from goods toward services.

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How do financial planners add value?

Steven J. Wilson

Financial planners add value by choosing a niche audience and understanding that niche so well that they can provide their clients with actionable advice. What separates financial planners who add value from those who don’t is the ability to put their client’s interests first. This means that they’re not just giving lip service to the.

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Bob Veres’ Insider’s Forum – Grand America Hotel – Salt Lake City, UT – September 28-30, 2022

Tobias Financial

Tobias Financial Advisors is proud to announce that our COO Edgar Collado will be presenting at Bob Veres’ Insider’s Forum on September 29 th. The Insider’s Forum conference is intended for financial advisory business professionals and is designed to provide essential information for running and growing prosperous businesses. It is also a valuable opportunity to network and exchange insights with other industry thought leaders.

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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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What are the three types of value propositions?

Steven J. Wilson

The three types of value propositions are functional value, social value, and emotional value. Functional value is the most basic and straightforward type of value proposition. It simply describes what a product or service does and how it can be used to solve a problem. Social value propositions focus on the ways in which a product or. Read more. The post What are the three types of value propositions?

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Morningstar – Hispanic Heritage Month Panel: Unidos – Inclusivity for a Stronger World – September 28, 2022, 10:00 AM ET – Virtual

Tobias Financial

Our Wealth Advisor Catalina Franco-Cicero will be a part of a panel discussion hosted by Morningstar on September 28 th at 10:00AM ET. Honoring Hispanic Heritage Month, Catalina will share her thoughts on how to serve the rising Latino wealth builders. The panel will be exploring the current landscape of Latino wealth and how to champion wealth-building across Latino communities. .

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What is another word for a value proposition?

Steven J. Wilson

Another word for a value proposition is a benefit statement. A value proposition or brand statement promises what a product or service can do for the customer. It is the core of why someone would want to buy from you and not your competitor. A benefit statement articulates the specific benefits that a product or. Read more. The post What is another word for a value proposition?

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