Thu.Jan 23, 2025

article thumbnail

Kitces & Carl Ep 156: How Are You Getting Value Out Of ChatGPT As A Financial Advisor?

Nerd's Eye View

Since the emergence of Artificial Intelligence (AI) in the mainstream technological landscape, conversations about which areas of the financial planning industry would be most likely impacted by AI have proliferated. These discussions have ranged from questioning whether everyone would be out of a job in five years to wondering if anything of substance would change at all.

article thumbnail

Longform links: outperforming others

Abnormal Returns

Books An excerpt from "Gambling Man: The Secret Story of the World's Greatest Disruptor, Masayoshi Son" by Lionel Barber. (politico.com) An excerpt from "The Siren's Call: How Attention Became the World's Most Endangered Resource" by Chris Hayes. (theatlantic.com) A Q&A with Mnica Guzmn, author of "Never Thought of It That Way: How to Have Fearlessly Curious Conversations in Dangerously Divided Times.

Economics 189
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Caribou And Its HealthPlanner Technology Acquired By Move Health

Wealth Management

The combined startups will provide advisors with seamless health planning from analysis to enrollment once integrations are complete.

Startup 124
article thumbnail

Thursday links: professionalism and decorum

Abnormal Returns

Strategy Bonds vs. bond funds: you're still exposed to interest rate risk. (awealthofcommonsense.com) Why your portfolio may need rebalancing. (morningstar.com) Just because you can launch a meme coin doesn't mean you should. (howardlindzon.com) Finance MicroStrategy ($MSTR) is the convertible bond king. (wsj.com) Ramp is expanding its offerings. (techcrunch.com) Even institutional investors can't get information on their private equity investments.

Media 173
article thumbnail

Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success

Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?

article thumbnail

Wealth.com Recruits New Marketing Head from Nitrogen

Wealth Management

Dan Bolton said Wealth.com is building something truly remarkable. Most recently, he was a vice president of corporate marketing for Nitrogen (formerly Riskalyze).

article thumbnail

Why there’s no apostrophe in writers room

Investment Writing

I’ve long wondered why there is no apostrophe in words like “writers room,” ‘homeowners association,” or “teachers college.” Is the noun descriptive or possessive? I found a good explanation in Emmy J. Favilla’s A World Without “Whom.” Do not use an apostrophe when a word is primarily descriptive rather than possessive… The word is acting more like an adjective than a possessive noun.

More Trending

article thumbnail

Is It Time To Lock in 5% Yields?

A Wealth of Common Sense

We also covered questions about offering financial advice to family members, how to lower your auto insurance rates, how many years worth of fixed income you need in your portfolio and how to begin the estate planning process. If you have a question email us: AskTheCompoundShow@gmail.com Further Reading: Owning Individual Bonds vs. Owning a Bond Fund 1I know I’ve written about this subject a few times over the year.

article thumbnail

Compound Planning Reels in Four Advisors, Bringing AUM to Over $2.5B

Wealth Management

The self-described digital family office has also beefed up its leadership team with new roles in engineering, trading, product and finance, after recruiting 30 advisors in 2024.

article thumbnail

Unemployment Claims Up 6K, Worse Than Expected

Advisor Perspectives

In the week ending January 18th, initial jobless claims rose for a second straight week. Initial jobless claims were at a seasonally adjusted level of 223,000, an increase of 6,000 from the previous week's figure. The latest reading was worse than the 221,000 forecast.

98
article thumbnail

Merit Financial Advisors Hires Captrust Alum To Steer M&A

Wealth Management

David Wahlen will join Merit Financial Advisors to guide its M&A activity. He joins the firm from a role at Captrust.

article thumbnail

Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

article thumbnail

Start the Year Strong: Get Your Financials in Shape for 2025

MainStreet Financial Planning

The start of a new year is the perfect time to reinforceor establishsolid financial habits. Below are seven important items to check and update to stay ahead financially: Freeze Your Credit If you temporarily unfreezed your credit for a loan or new credit card last year, be sure to re-freeze it now. Freezing your credit is an effective way to protect against identity theft and unauthorized access to your financial accounts.

article thumbnail

The Tech You Use Doesn’t Matter

Wealth Management

Its how you use it, why and how you explain that value proposition to your clients.

Clients 104
article thumbnail

Realtor.com Reports Active Inventory Up 25.1% YoY

Calculated Risk

What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For December, Realtor.com reported inventory was up 22.0% YoY, but still down 15.7% compared to the 2017 to 2019 same month levels. Now - on a weekly basis - inventory is up 25.1% YoY.

Numbers 59
article thumbnail

KKR Combines $157B Infrastructure, Real Estate Businesses

Wealth Management

The reorganization coincides with a growing convergence between infrastructure and real estate, exemplified by the boom in demand for data centers that power artificial intelligence.

101
101
article thumbnail

Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

article thumbnail

Weekly Initial Unemployment Claims Increase to 223,000

Calculated Risk

The DOL reported : In the week ending January 18, the advance figure for seasonally adjusted initial claims was 223,000 , an increase of 6,000 from the previous week's unrevised level of 217,000. The 4-week moving average was 213,500, an increase of 750 from the previous week's unrevised average of 212,750. emphasis added The following graph shows the 4-week moving average of weekly claims since 1971.

64
article thumbnail

What Advisors Should Ask Before Recommending PPLI to Clients

Wealth Management

Tips for your conversation with the insurance agent.

Clients 100
article thumbnail

Exercising Stock Options

Darrow Wealth Management

When’s the best time to exercise your stock options? With stock options, employees have the right (not obligation) to buy the shares. When you exercise your stock options you purchase company shares. Though early exercises are possible, the default setup is for employees to first have the options to exercise when the shares vest. The timing of when you exercise your stock options is important as certain situations can be far more advantageous from a tax and financial standpoint than others

Taxes 62
article thumbnail

Carson Group Fully Acquires $1B Chicago Firm

Wealth Management

Carson Wealth Chicago includes more than 15 advisors across five locations and follows Carson Groups purchase of an independent partner firm with locations in Iowa and Las Vegas.

98
article thumbnail

The Future Of Finance: How To Manage Spend The Right Way

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

article thumbnail

Friday: Existing Home Sales

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: At 10:00 AM ET, Existing Home Sales for December from the National Association of Realtors (NAR). The consensus is for 4.20 million SAAR, up from 4.15 million. Also at 10:00 AM, University of Michigan's Consumer sentiment index (Preliminary for January).

Sales 59
article thumbnail

Wall Street’s Tech-Powered Bond Trades Hit Record $1 Trillion

Advisor Perspectives

A tech-powered approach to bond trading that helps firms move hundreds of securities in one go has just posted its best year yet.

59
article thumbnail

Busting 50 Years of Investing Myths | Rob Arnott

Validea

In this episode of Excess Returns, Jack Forehand and special guest host Perth Tolle sit down with Rob Arnott, founder of Research Affiliates and pioneer of fundamental indexing. Rob discusses his thought-provoking article “50 Years of Innovation, Myth Making and Myth Busting,” written for the 50th anniversary of the Journal of Portfolio Management.

article thumbnail

2025 Market Outlook: Rational Exuberance?

Advisor Perspectives

Investors, many of whom were worried about stock valuations before the election, have much to consider heading into 2025. There seems reason for some exuberance—but a rational exuberance, based upon a plausible foundation of corporate and economic health.

article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

article thumbnail

Ten Guru-Approved Cheap Value Stocks

Validea

In an era of market volatility and economic uncertainty, value investing continues to prove its worth as a time-tested strategy for building long-term wealth. By focusing on companies trading below their intrinsic value, investors can create a margin of safety that helps protect against downside risk while positioning themselves to benefit from eventual market corrections.

article thumbnail

Mastering Financial Planning with the Bucketing Approach

Carson Wealth

When it comes to managing your wealth and pursuing your financial goals, clarity can be key. Enter bucketing, a powerful strategy that helps simplify your financial planning by categorizing your assets into three time-based buckets: today, tomorrow, and the future. What Is Bucketing? At its core, bucketing is a strategy to help align your wealth with your financial goals and time horizons.

article thumbnail

Keep It Simple And Diversify Your Diversifiers

Random Roger's Retirement Planning

For awhile, I've been seeing that Calamos has a suite of Bitcoin protection ETFs, so like defined outcome or buffered. Where I always say just don't with the buffered ETFs I haven't looked into them at all but the following popped up on my Twitter feed, yes I am still calling it Twitter. I will take the perspective that most readers are curious but not true believers.

article thumbnail

How Successful Advisors Plan for 2025: Marketing for Financial Advisors

FMG

In the competitive financial industry, staying ahead means mastering client engagement and refining marketing strategies. Marketing for financial advisors in 2025 will require a sharp focus on effective communication, personalized client experiences, and smart use of technology. Advisors who adopt these approaches are more likely to grow their practices and build long-term client relationships.

article thumbnail

Crafting Impact: Revenue Growth And Efficiency For Finance Professionals

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

article thumbnail

SpaceX Addition Spurs Flood of New Cash Into Little-Known ETF

Advisor Perspectives

An exchange-traded fund from a relatively unknown shop is catching the attention of online traders and gathering flows after investing in Elon Musk’s SpaceX.

article thumbnail

4th Look at Local Housing Markets in December

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: 4th Look at Local Housing Markets in December A brief excerpt: Here are a few more local markets before the NAR releases December Existing Home sales tomorrow, Friday, January 24th at 10:00 AM. This will be the 3rd consecutive month with a year-over-year increase in sales. Watch the regional difference!

article thumbnail

Kansas City Fed Manufacturing: Activity Fell at Steady Pace in January

Advisor Perspectives

The Kansas City Fed Manufacturing Survey fell at a steady pace in January, with the composite index remaining at -5, unchanged from December. Despite this, future expectations stayed positive, though they dipped slightly from 17 in December to 15 in January.

article thumbnail

3 Ways Home Offices are Providing Personalized Advisor Experiences

AdvicePay

When it comes to technology, 93% of advisors say that it plays a critical or very important role in their processes. So its no surprise that leading firms view technology as a competitive differentiator for attracting and retaining advisors and helping them grow their business. But when your tech needs to support hundreds or thousands of diverse financial professionals, you need flexible, scalable tools to meet everyones needs.

52
article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.