The Reformed Broker

DECEMBER 8, 2022

Each Christmas season I do a webinar with my friends at YCharts where we take a look back at the most important charts of the year and discuss which of these trends will remain important going forward. It’s always a lot of fun and registration is free. This takes place tomorrow (Friday) December 9th at 12 noon ET (11am CT). This is a presentation for wealth management and asset management professionals, you can reg.

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Wealth Management Assets Management 338

Mish Talk

DECEMBER 8, 2022

Reserve balances, reverse repos, and interest rate paid to banks from St. Louis Fed, chart by Mish. Chart Notes Data reflects end of month numbers. The latest reserve balance is from the New York Fed. The rest of the numbers are via a St. Louis Fed download. Note the stairstep pattern on interest paid on reserves. The interest rate rises every time the Fed hike rates.

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Banking Numbers Economics 300

The Big Picture

DECEMBER 8, 2022

One of the reasons people in the investment community respect Howard Marks so much is he says what he believes and lets the chips fall where they may. His observations are always insightful, and over the years have becomeopular, but what really set him apart were his big contrarian observations, such as the Amazon dot Bomb in 1999. I did not get to his recent What Really Matters?

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Investing Investments 271

Abnormal Returns

DECEMBER 8, 2022

Markets U.S. gasoline prices are below where they were a year ago. (nytimes.com) Checking in on the state of the muni bond market. (morningstar.com) Strategy Six year-end financial moves to consider including 'tax loss harvesting.' (blog.validea.com) The questions for alternative assets: how much do you need to own to move the needle? (institutionalinvestor.com) Companies Companies really don't want you to call them.

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Financial Advising Media Assets Economy 207

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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 Big Picture

DECEMBER 8, 2022

My morning train WFH reads: • The Cult of the Retail Trader Has Fizzled : The GameStop and AMC manias are long gone, with individual investor returns falling 40% this year and digital currency prices tumbling. ( Businessweek ). • FTX’s Bahamas Headquarters Was the First Clue : Bankman-Fried is just the latest in a long string of notorious characters who moved their business to the island nation, from the pirate Blackbeard to organized crime figures and assorted “financial wizards.” ( Bloomberg )

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Transportation Retail Portfolio Assets 270

Calculated Risk

DECEMBER 8, 2022

The DOL reported : In the week ending December 3, the advance figure for seasonally adjusted initial claims was 230,000 , an increase of 4,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 225,000 to 226,000. The 4-week moving average was 230,000, an increase of 1,000 from the previous week's revised average.

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Wealth Management

DECEMBER 8, 2022

Malls and military bases make for successful synergy in the experience of mall operator PREIT, reports Chain Store Age. The Real Deal looks at common conspiracy theories in the commercial real estate industry. These are among today’s must reads from around the commercial real estate industry.

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A Wealth of Common Sense

DECEMBER 8, 2022

A reader asks: People are saying that the bond market is screaming recession. Has the bond market ever been wrong? Any notable examples and why was it wrong? The bond market is known for being much smarter than the stock market but we don’t have to go back very far to find a time when it was wrong. The bond market certainly DID NOT see the pandemic-induced inflation coming.

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Economy Marketing Marketing 103

Wealth Management

DECEMBER 8, 2022

Those who embrace the tech landscape now will have a greater claim to success as the financial industry slowly realizes the opportunities digital marketing provides.

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Marketing Marketing 115

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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

Mullooly Asset Management

DECEMBER 8, 2022

As the year wraps up, it’s a best practice to review your finances. One of the main reasons we see folks getting into financial trouble is because they refuse to take stock of where they stand. In a year like 2022, where the stock market has slumped and inflation has increased everyone’s monthly expenses, it […].

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Marketing Marketing 98

Calculated Risk

DECEMBER 8, 2022

Today, in the Calculated Risk Real Estate Newsletter: 2023 Housing Forecasts A brief excerpt: Towards the end of each year, I collect some housing forecasts for the following year. For comparison, new home sales in 2022 will probably be around 640 thousand, down from 771 thousand in 2021. Total housing starts will be around 1.55 million in 2022, down slightly from 1.60 million in 2021.

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Sales 98

Wealth Management

DECEMBER 8, 2022

Mukund Ravipaty, chief information security officer of Commonwealth Financial Network, outlines the five steps advisors should take to safeguard themselves from growing cybersecurity threats.

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Calculated Risk

DECEMBER 8, 2022

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released today from Chief Economist Danielle Hale: Weekly Housing Trends View — Data Week Ending Dec 3, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory growth held steady with for-sale homes up 53% above one year ago.

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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

Wealth Management

DECEMBER 8, 2022

After 45 years at Wells Fargo and their predecessors, Larry Boggs left the wirehouse to build independent firm Boggs & Company with a team that includes three of his daughters. Larry discusses the value of family, legacy, business ownership, autonomy, and more.

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Calculated Risk

DECEMBER 8, 2022

From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. T otal U.S. rail carloads in November were down 0.9% from last year , but the weekly average for the month (232,547) was slightly higher than the weekly average so far in 2022 (231,961). In November, eight of the 20 carload categories we track had gains.

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Retail 97

Wealth Management

DECEMBER 8, 2022

As more advisors move to RIA affiliations, the firms are beginning to replicate their broker/dealer counterparts in terms of legal restrictions on advisors, according to Hamburger Law Chief Litigation Officer Sharron Ash.

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Million Dollar Round Table (MDRT)

DECEMBER 8, 2022

By Matt Pais, MDRT Content Specialist Each month, the MDRT Podcast delivers insights from members about how they handle challenges and changes in their practice. These were the most popular episodes in 2022. Enjoy, and thanks for listening!

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Management 74

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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

Wealth Management

DECEMBER 8, 2022

Advisors at Cetera can access Carefull, Wealthbox CRM is integrated with Catchlight, Redtail upgrades Imaging and TIFIN rolls out AMP.

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Accounting for Good

DECEMBER 8, 2022

The post The 2022 year in review for NFP accounting at AFG first appeared on ACCOUNTING FOR GOOD.

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Accounting 98

Wealth Management

DECEMBER 8, 2022

Savvly's new pooled equity index fund has some similarities to a tontine, an investment that pays out at higher amounts as other participants die or withdraw early.

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Retirement Planning Retirement Planning Investing 83

Calculated Risk

DECEMBER 8, 2022

From CoStar: STR: US Hotel Occupancy Starts December Lower Than Pre-Pandemic Week U.S. hotel performance came in higher than the previous week but showed weakened comparisons to 2019, according to STR‘s latest data through Dec. 3. Nov. 27 through Dec. 3, 2022 (percentage change from comparable week in 2019*): • Occupancy: 55.4% (-7.7%) • Average daily rate (ADR): $141.71 (+10.2%) • Revenue per available room (RevPAR): $78.50 (+1.7%) *Due to the pandemic impact, STR is measuring recovery against

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Management

Wealth Management

DECEMBER 8, 2022

Firms are still investing in co-living units. But the sector has gone through a transformation in the past few years.

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Investing Investments 98

Wealthfront

DECEMBER 8, 2022

At Wealthfront, we’re on a mission to build a financial system that favors people, not institutions. This mission informs every aspect of how we interact with clients, including how we charge fees for our products and services. Wealthfront’s fees are low, simple, transparent, and consistent. We’ve charged the same low, 0.25% annual advisory fee with […].

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Clients 59

Wealth Management

DECEMBER 8, 2022

Steps to create a personal newsletter that people will actually enjoy.

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Norman Marks

DECEMBER 8, 2022

Earlier this week, I enjoyed a conversation with Joshua Rosenberg, Executive Vice President and Chief Risk Officer of the Federal Reserve Bank of New York. I was great to chat with a gentleman who has a prominent position, and whose thinking on risk management appears to be well aligned with mine (with a few exceptions, […].

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Risk Management Banking Management Compliance 58

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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

Harness Wealth

DECEMBER 8, 2022

These are the seven areas of your financial picture that you need to consider optimizing before year end, particularly after yet another tumultuous year. Not only was the stock market fairly volatile, but there were also atypical tax regulation changes. The combination of those means that there is going to be a lot of complexity to account for as you look back on the year. 1.

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Tax Planning Taxes Planning Estate Planning 52

Calculated Risk

DECEMBER 8, 2022

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, The Producer Price Index for November from the BLS. The consensus is for a 0.3% increase in PPI, and a 0.2% increase in core PPI. • At 10:00 AM, University of Michigan's Consumer sentiment index (Preliminary for December). • At 12:00 PM, Q3 Flow of Funds Accounts of the United States from the Federal Reserve.

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Accounting 52

Nationwide Financial

DECEMBER 8, 2022

Key Takeaways: The Financial Alliance For Racial Equity was formed to do more than just encourage firms to build diversity in their workforce. The group is also focused on attracting diverse talent who may not previously have considered a financial services career. In the video at the bottom of this blog, leaders from two FARE member firms are joined by an HBCU student and a young professional pursuing her CFP certification to discuss best practices for attracting diverse talent, and why it matt

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Recruitment Financial Services Certification CFP 52