Abnormal Returns
MARCH 22, 2024
The biz Why every celebrity seemingly now has their own interview podcast. (theguardian.com) Should podcasters care about the potential demise of TikTok? (theverge.com) Podcasts are spreading to every nook and cranny of business. (cupofzhou.com) Economy Stephen Dubner, and guests, on what both parties get wrong about immigration. (freakonomics.com) Ezra Klein talks with demographer Jennifer D.
Nerd's Eye View
MARCH 22, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the SEC has recently been cracking down on firms for recordkeeping failures related to electronic communications, including their use of text messaging with prospects and clients. Which could serve as a warning to firms to heighten their supervision of their advisors' texting practices and whether they are being recorded properly (perhaps with the help of available archivi
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Abnormal Returns
MARCH 22, 2024
Commodities Tim McDonnell, "The electricity market isn’t boring anymore." (semafor.com) Steel stocks are having a moment. (allstarcharts.com) AI AI is coming for every company you own. (theirrelevantinvestor.com) How AI could help SaaS companies. (tomtunguz.com) Grocery Large grocery chains took advantage of their supply relationships during Covid shortages.
The Big Picture
MARCH 22, 2024
This week, we speak with Liz Ann Sonders , managing director and chief investment strategist at Charles Schwab & Co , with $8.5 trillion on its platforms. She has been named best market strategist by Kiplinger Personal Finance and one of SmartMoney magazine’s Power 30. She has also been named to Barron’s 100 Most Influential Women in Finance.
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.
Wealth Management
MARCH 22, 2024
Robson doesn’t see the need to bring every service offering in-house to effectively grow an RIA catering to HNW wealth creators. The secret is paying deep attention to the clients—and their families.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
MARCH 22, 2024
Vikram Chugh, who heads up technology and operations for $4.6 billion AUM Robertson Stephens, said the firm has carefully selected each piece of its tech stack.
A Wealth of Common Sense
MARCH 22, 2024
When my wife and I began the initial search for our first home, I was against using a realtor. We knew where we wanted to buy. We talked to the bank ahead of time so we knew our budget. We could search for homes online. We were in a good negotiating position because we didn’t have a house to sell (this was back in 2007 when it was hard to sell a house).
Wealth Management
MARCH 22, 2024
Brookfield Oaktree Wealth Solutions was an early mover in developing alternatives for individual investors. Here’s where it stands today.
Alpha Architect
MARCH 22, 2024
The benefits of diversification are well known. In fact, it’s been called the only free lunch in investing. Investors who seek to benefit from diversification of the sources of risk and return of their portfolios must accept that adding unique sources of risk means that their portfolio will inevitably experience what is called tracking error—a financial term used as a measure of the performance of a portfolio relative to the performance of a benchmark, such as the S&P 500.
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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
MARCH 22, 2024
The Chicago-based RIA claims Lars Knudsen broke his non-compete agreement several weeks after he was let go for bringing a gun to work, among other allegations.
Advisor Perspectives
MARCH 22, 2024
The yield on the 10-year note ended March 22, 2024 at 4.22%, the 2-year note ended at 4.59%, and the 30-year at 4.39%.
Wealth Management
MARCH 22, 2024
Pollock Salah Wealth Partners joins from First Republic, which was acquired by JPMorgan Chase last year in the wake of regional banking crisis.
Calculated Risk
MARCH 22, 2024
From ICE (formerly Black Knight): ICE First Look at Mortgage Performance: Delinquencies Improve and Foreclosures Drop as Prepayments Rise Modestly • T he national delinquency rate eased to 3.34% in February , down 4 basis points (bps) from the month before and 11 bps lower than in February 2023 • While the number of borrowers one payment behind rose modestly by 10K, those 60 days late as well as those 90 or more days past due both fell to their lowest levels in three months • Delinquency inflows
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
MARCH 22, 2024
I’ve always said that the investment advisory/financial planning profession is built on relationships and legacy. Failing to invest in your firm’s relationships with its employees as part of that strategy is a surefire way to fail.
Random Roger's Retirement Planning
MARCH 22, 2024
Of course, the stock market is off to a very good start this year. I write all the time about managed futures as a diversifier and being able to live with the reality that managed futures will probably struggle when stocks are going up. The space languished for most of the 2010's. This year is kind of an anomaly so far. Stocks are up and so are a lot of the managed futures funds.
Wealth Management
MARCH 22, 2024
Should wealth management storytelling tap into the feelings of the audiences it's targeting?
Advisor Perspectives
MARCH 22, 2024
The central bank will look to cut interest rates three times by the end of 2024.
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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
MARCH 22, 2024
T3 President Joel Bruckenstein discusses the transformative impact of technology on wealth management.
Advisor Perspectives
MARCH 22, 2024
FINRA has released new data for margin debt, now available through February. The latest debt level rose for a fourth straight month to $742.96 billion, its highest level since May 2022. Margin debt is up 5.8% month-over-month (MoM) and up 19.0% year-over-year (YoY). However, after adjusting for inflation, debt level is up 5.2% MoM and up 15.4% YoY.
Wealth Management
MARCH 22, 2024
In 2024, client expectations have evolved with the rise of instant gratification fueled by technology.
Advisor Perspectives
MARCH 22, 2024
The S&P 500 posted its biggest weekly gain of the year, finishing up 2.29% from last Friday. The index is currently up 10.36% year to date and has set a new record closing high 20 times so far this year.
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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
MARCH 22, 2024
Created by former Mariner and Focus dealmakers, Hue Partners is all about the human aspect of RIA M&A.
Advisor Perspectives
MARCH 22, 2024
The Fed seems headed for a "higher for longer" interest rate policy. My guest and I will explore the implications of fiscal and monetary policy on the shape of the yield curve, personal balance sheets, pension plans, private credit, and opportunities for public companies. We will also discuss the implications for the upcoming election.
Wealth Management
MARCH 22, 2024
Here is the thing about the oncoming AI revolution: it may be new, but in a way, it's the same old story.
Advisor Perspectives
MARCH 22, 2024
Tesla Inc. has reduced production at its plant in China, according to people familiar with the matter, amid sluggish growth in electric-vehicle sales and intense competition in the world’s biggest auto market.
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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
MARCH 22, 2024
Hear directly from advisors why Advyzon's platform is transforming their practices.
Calculated Risk
MARCH 22, 2024
From BofA: Since our update last week, 1Q GDP tracking is down two-tenths to 2.2% q/q saar. 4Q tracking remained at 3.5% q/q saar. [Mar 22nd estimate] emphasis added From Goldman: We boosted our Q1 GDP tracking estimate by 0.2pp to +1.9% (qoq ar). Our Q1 domestic final sales growth forecast now stands at +2.2% (qoq ar). [Mar 21st estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2024 is 2.1 percent o
Wealth Management
MARCH 22, 2024
Dave Goes discusses his new role at Advyzon and the mission to scale up to enterprise clients.
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