The Reformed Broker
MAY 2, 2023
Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Uber Earnings – “Based on data from Bloomberg, 262 companies in the $spx have reported, sales growth in 1Q is 4% and earnings growth is -2.69%” ►Cap Weighted Rules – “It’s rare for t.
Abnormal Returns
MAY 2, 2023
Icahn Enterprises Hindenberg Research has Icahn Enterprises LP ($IEP) in their sights. (hindenburgresearch.com) Icahn Enterprises LP ($IEP) has a very cozy relationship with Jefferies. (ft.com) JP Morgan Chase The First Republic acquisition will put JP Morgan Chase ($JPM) in front of the tech industry. (theinformation.com) Jamie Dimon wants no part of the jumbo mortgage market.
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Nerd's Eye View
MAY 2, 2023
Welcome back to the 331st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jake Northrup. Jake is the Founder of Experience Your Wealth, an independent RIA based in Bristol, Rhode Island, that advises 78 client households with a 3-person team supporting more than $550,000 of ongoing revenue. What's unique about Jake, though, is how he’s been able to grow to over $550,000 of revenue in just 4 years since launching from scratch, and how he realized that becau
Calculated Risk
MAY 2, 2023
From the BLS: Job Openings and Labor Turnover Summary The number of job openings decreased to 9.6 million on the last business day of March , the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations were little changed at 6.1 million and 5.9 million, respectively. Within separations, quits (3.9 million) changed little, while layoffs and discharges (1.8 million) increased. emphasis added The following graph shows job openings (black line), hire
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
MAY 2, 2023
Real estate debt funds are targeting all types of strategies, but are becoming particularly active on construction financing, an area where the pullback from banks has been more severe.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
MAY 2, 2023
Daniel Murphy and his team left Wells Fargo to establish Great Lakes Private Wealth with capital, resources and technology support from Summit.
eMoney Advisor
MAY 2, 2023
As a financial professional, you have probably noted how different clients react to the presentation of their financial plans. Some may engage more when you’re just having a conversation. Or perhaps they like it when you show them charts and graphics while others like to have a physical interaction with the information you are presenting. The reasons could come down to each client’s individual learning style.
Wealth Management
MAY 2, 2023
The Real Deal looks at what JPMorgan’s takeover of First Republic Bank means for the real estate industry. ULI predicts a slowdown until 2025. These are among today’s must reads from around the commercial real estate industry.
Trade Brains
MAY 2, 2023
Understanding Peter Lynch Categories of Stocks in the Stock Market: Peter Lynch is a renowned American investor, Ex-manager of the Magellan fund at Fidelity Investment, and author of the best-selling book “One Up on the Wall Street” He has famously known for his average 29.2% annual returns that he provided for his investors while managing the Magellan fund for the duration of 13 years.
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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.
Calculated Risk
MAY 2, 2023
Wards Auto released their estimate of light vehicle sales for April: U.S. Light-Vehicle Sales Continue to Surprise on High Side (pay site). Wards Auto estimates sales of 15.91 million SAAR in April 2023 (Seasonally Adjusted Annual Rate), up 7.4% from the March sales rate, and up 11.4% from April 2022. Click on graph for larger image. This graph shows light vehicle sales since 2006 from the BEA (blue) and Wards Auto's estimate for April (red).
MarketWatch
MAY 2, 2023
Sprout Social Inc. SPT shares dropped in the extended session Tuesday after the social-media management software company’s forecast revenue for the current quarter fell short of Wall Street estimates. The company reported a first-quarter loss of $10.3 million, or 19 cents a share, compared with a loss of $9.8 million, or 18 cents a share, in the year-ago period.
Integrity Financial Planning
MAY 2, 2023
With the recent turmoil in the banking sector, it’s understandable to worry about your bank savings. But before worrying, it’s important to know how your money in the bank is protected. So, how safe is your money, really? Where is my money? First, let’s talk about how your bank actually stores your money. When you deposit your money into the bank, they don’t actually keep it on hand.
Wealth Management
MAY 2, 2023
Another advisor team—this time a San Diego-based group that managed $1 billion in client assets—has departed First Republic, as JPMorgan Chase takes over the troubled bank.
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.
MarketWatch
MAY 2, 2023
Shares of Pearson UK:PSONPSO tumbled 7% in London trade, after the online-education company Chegg’s CHGGforecast called for an unexpected revenue decline as students begin to use ChatGPT. Chegg shares tumbled 43% in premarket action. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Calculated Risk
MAY 2, 2023
Today, in the Calculated Risk Real Estate Newsletter: Lawler: AMH Net Seller of Existing Single-Family Homes, “Investor” Home Purchases Plunged Brief excerpt: Housing economist Tom Lawler brings us some interesting data from Invitation Homes and also from several public builders: Invitation Homes Net Seller of SF Properties for Second Straight Quarter; Rent Growth Slows but Remains Elevated Invitation Homes, the largest publicly-traded holder of single-family properties, reported that it dispose
Wealth Management
MAY 2, 2023
Companies are likely to pay increasing attention to their behaviors related to ESG factors because the cost of capital impacts competitiveness.
Advisor Perspectives
MAY 2, 2023
It is frustrating for us to try and add to our great team when there are so few “good” people in the market from which to choose.
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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
MAY 2, 2023
Tyler Rigsbee will spend two years in prison for faking a client’s identity to steal from their account and stealing from another to cover up the initial theft.
A Wealth of Common Sense
MAY 2, 2023
On Monday the S&P 500 closed at a little more than 4,100. That’s a level the index first hit in May 2021. A lot has changed in the intervening two years from a market perspective. This is a snapshot of how things looked back in May 2021: Fed funds rate: 0% (on the floor) 10 year treasury yield: 1.6% (generationally low) Inflation rate: 4.2% (uncomfortable but still felt transitory) Mortgage rates: 3.0% (ridicu.
Wealth Management
MAY 2, 2023
Rajini Kodialam, Focus Financial's co-founder and chief operating officer, discusses the M&A opportunities that exist today for RIAs.
Million Dollar Round Table (MDRT)
MAY 2, 2023
By Sandy Schussel One of the biggest misconceptions about financial advisors’ success is the idea that their services, planning and advice are what clients want most. They’re not. Clearly, your services, advice and recommendations are important. But there’s something more important. Understand what matters The most important factor in your success is something else, and it’s right under your nose.
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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
MAY 2, 2023
In light of the recent Writer's Guild strike, advisors can play an important role in helping clients caught up in a work stoppage.
Clever Girl Finance
MAY 2, 2023
Without short-term savings goals, it can be difficult to move the needle toward a brighter financial future. That said, short-term savings goals can help you to create a plan for your money and help you avoid procrastination. Let’s explore more about what these goals are, why you should set them, and how to reach them. Table of contents What are short-term savings goals?
Wealth Management
MAY 2, 2023
Launched with support from Dynasty Financial Partners, the New Jersey-based team managed $875 million at Merrill.
Calculated Risk
MAY 2, 2023
Today, in the Calculated Risk Real Estate Newsletter: A Policy Proposal to Increase the Utilization of the Current Housing Stock A brief excerpt: Here is a policy proposal that will likely help increase inventory in many areas (especially in high-cost areas) and would increase the utilization of the current housing stock. There is much more in the article.
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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.
MarketWatch
MAY 2, 2023
Anheuser-Busch InBev’s stock BUD fell 1.4% Tuesday, after a weekend report suggested further fallout on sales of Bud Light from the controversy surrounding the company’s use of a transgender influencer in its marketing. Beer Business Daily said Bud Light’s off-premise sales volume was down 26.1% in the week through April 22 from a year ago. Off-premise sales are conducted outside of bars and restaurants, and include grocery and convenience stores and liquor stores.
Advisor Perspectives
MAY 2, 2023
Those “meet the team” advisor pages on websites are a torture to read. Your team is your biggest asset and should be the source of the greatest enthusiasm in your practice.
MarketWatch
MAY 2, 2023
The Biden administration is deploying about 1,500 active-duty troops to the southern border to provide support to U.S. immigration authorities, according to multiple published reports. The move comes as U.S. officials prepare for the end of pandemic-era “Title 42” immigration restrictions. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
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