The Big Picture

OCTOBER 10, 2022

My back-to-work morning train WFH reads: • Fed’s Inflation Fight Has Some Economists Fearing an Unnecessarily Deep Downturn : Rapid rate increases provide less time for central bankers to study their economic effects ( Wall Street Journal ). • Eight ways Elon Musk could still get out of buying Twitter : TL; DR they’re all quite stupid ( Financial Times ) see also Twitter investors should be very careful about trusting Elon Musk : And it wasn’t going well for him.

Economics 274

Economics Management Accounting Portfolio 274

Abnormal Returns

OCTOBER 10, 2022

Markets Most market participants don't remember Black Monday, circa 1987. (ritholtz.com) How long will good news be bad news for stocks? (awealthofcommonsense.com) Fund management Why it matters which value ETF you choose. (etftrends.com) Why open-end mutual funds are still the default option for 401(k) plans. (morningstar.com) Nobel Prize Why Ben Bernanke's Nobel Prize is well deserved.

Financial Advising 130

Financial Advising Economics Media Planning 130

Nerd's Eye View

OCTOBER 10, 2022

Communicating ongoing value to clients and prospects can be a challenge for financial advisors. Although there are many ways to articulate how an advisor can create value for a client, there is no guarantee that any one particular method will resonate with every potential client. An expression of value that works for one prospect might fall completely flat with another – and for advisors, it might feel like guesswork to find out what message will be the most effective for a particular clie

Communication 130

Communication Clients Financial Advisor Financial Planning 130

Abnormal Returns

OCTOBER 10, 2022

Crypto More companies, like ARK, are jumping into the cryptocurrency SMA space. (blockworks.co) Add Valkyrie to the list of crypto SMA providers. (blockworks.co) Podcasts Michael Kitces talks with Ramit Sethi about how he helps people shape their “rich life” and focus on spending money on the things they love. (kitces.com) Peter Lazaroff on the difference between a financial adviser and wealth manager.

Wealth Management 130

Wealth Management Financial Advising Estate Planning Taxes 130

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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

Calculated Risk

OCTOBER 10, 2022

Inventory is now above the levels for the same week in 2020 (milestone 3 below). Active inventory increased for the 4th consecutive week, increasing slightly last week, and hitting a new peak for the year. Here are the same week inventory changes for the last four years ( usually inventory is declining at this time of year ): 2022: +0.1K 2021: -2.2K 2020: -7.7K 2019: -8.4K Inventory bottomed seasonally at the beginning of March 2022 and is now up 133% since then.

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Calculated Risk

OCTOBER 10, 2022

Today, in the Calculated Risk Real Estate Newsletter: Current State of the Housing Market A brief excerpt: Over the last month … 1. New listings have declined further year-over-year. 2. Mortgage rates have increased further pushing monthly payments up sharply. 3. House prices have started to decline month-over-month (MoM) as measured by the repeat sales indexes.

Marketing 113

Marketing Marketing Sales 113

Wealth Management

OCTOBER 10, 2022

Municipalities are starting to block new warehouse construction as industrial projects spread throughout the country, reports The New York Times. Robert Toll, the co-founder of housing builder Toll Brothers, has passed away. These are among today’s must reads from around the commercial real estate industry.

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Calculated Risk

OCTOBER 10, 2022

From Dodge Data Analytics: Dodge Momentum Index Rises In September The Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 5.7% (2000=100) in September to 183.2 from the revised August reading of 173.4. The DMI is a monthly measure of the initial report for nonresidential building projects in planning, shown to lead construction spending for nonresidential buildings by a full year.

Healthcare 104

Healthcare Education Planning 104

Wealth Management

OCTOBER 10, 2022

The increased effects of climate change do not seem to be slowing the pace of development in low-lying areas, reports Bisnow. Propmodo explores how some developers are trying to reduce the amount of waste generated at construction sites. These are among today’s must reads from around the commercial real estate industry.

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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

Financial Symmetry

OCTOBER 10, 2022

At Financial Symmetry we are in constant pursuit of our mission to enhance today and enrich tomorrow for our clients and communities through empowerment, education, and guidance toward financial prosperity. We partnered with 3rd Decade®, a 501(c)3 nonprofit, a little … Continued. The post An Update on Financial Symmetry’s Partnership With 3rd Decade appeared first on Financial Symmetry, Inc.

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Nonprofit Education Clients 98

Wealth Management

OCTOBER 10, 2022

The Fed’s continued aggressiveness in raising interest rates and growing fears of a recession took a toll on publicly-traded real estate equities.

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Calculated Risk

OCTOBER 10, 2022

These indicators are mostly for travel and entertainment. It is interesting to watch these sectors recover as the pandemic subsides. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. This data is as of October 8th. Click on graph for larger image. This data shows the 7-day average of daily total traveler throughput from the TSA for 2019 (Light Blue), 2020 (Black), 2021 (Blue) and 2022 (Red).

Economy 98

Economy Transportation Numbers Sales 98

Wealth Management

OCTOBER 10, 2022

Employers focused on whether employees can perform essential job functions remotely may not yet have examined other, critical components of a remote workforce.

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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

XY Planning Network

OCTOBER 10, 2022

7.5 MIN READ. When it comes to being a financial advisor and running your practice, you must wear multiple hats – finance, business development, portfolio management, client relations, marketing, accounting – the list goes on and on. Marketing is just one piece of the puzzle, but it’s an important one. And for many advisors, it doesn’t come naturally, which makes it hard to get to know and love.

Marketing 83

Marketing Marketing Financial Advisor Portfolio Management 83

Wealth Management

OCTOBER 10, 2022

The joint venture aims to facilitate transferability and consolidation of accounts while fueling the convergence of wealth and retirement at work.

Retirement 108

Retirement Accounting 108

Darrow Wealth Management

OCTOBER 10, 2022

Good news is hard to find in the financial markets this year. But there is one silver lining: cash is worth something again. So if you’re still keeping savings in a bank account yielding.01% annually, you’re missing out. Here are four things to do with cash savings when rates rise. High-yield savings accounts and money markets. Typically, brick-and-mortar banks offer little interest on cash deposits.

Accounting 75

Accounting Banking Certification Government 75

Wealth Management

OCTOBER 10, 2022

With markets sinking, it’s important to think carefully about where you draw money from and when you claim Social Security benefits.

Portfolio 113

Portfolio Retirement Marketing Marketing 113

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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

A Wealth of Common Sense

OCTOBER 10, 2022

Today’s Talk Your Book is presented by CION Investments: On today’s show, we spoke with Michael Reisner, Co-CEO of CION Investments to discuss investing in private credit in today’s market environment. On today’s show we discuss: CION investment strategy The fund structure that allows CION to be publically traded Why CIONs yield is so high, and what the discount to NAV means Who invests in CION What.

Investing 76

Investing Investments Marketing Marketing 76

Wealth Management

OCTOBER 10, 2022

Which U.S. markets added the most self-storage units between 2013 and 2022? We look at the latest stats.

Marketing 120

Marketing Marketing 120

Getting Your Financial Ducks In A Row

OCTOBER 10, 2022

Photo credit: jb. A Private Letter Ruling (PLR) from 2010 presents an interesting outcome from an indirect rollover – a rollover that was not done in a trustee-to-trustee transfer. This particular PLR, 201005057 , deals with a situation where the taxpayer received a check from her former employer plan, however the check was made out to her new employer, for her benefit.

Distribution 73

Distribution Planning Retirement Planning Retirement 73

Wealth Management

OCTOBER 10, 2022

The joint venture aims to facilitate transferability and consolidation of accounts while fueling the convergence of wealth and retirement at work.

Retirement 98

Retirement Accounting 98

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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!

Accounting

Good Financial Cents

OCTOBER 10, 2022

Learning how to make money while you sleep is, quite frankly, the ultimate goal of financial independence. After all, earning passive income is one of the best ways to escape the grasp of your 9-to-5 job. Warren Buffet is famous for making this crucial point about building wealth : “If you don’t find a way to make money while you sleep, you will work until you die.” – Warren Buffett.

Accounting 69

Accounting Investing Investments Certification 69

Wealth Management

OCTOBER 10, 2022

Jasper Lau has gained backing from almost two-dozen of the world's super-rich since co-founding venture firm 8090 Partners.

Banking 95

Banking 95

Cornerstone Financial Advisory

OCTOBER 10, 2022

Presented by Tim Flick. A powerful two-day stock rebound cemented a positive week for investors as a new trading month began. The Dow Jones Industrial Average rose 1.99%, while the Standard & Poor’s 500 added 1.51%. The Nasdaq Composite index increased 0.73% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, gained 3.42%. 1,2,3.

Marketing 59

Marketing Marketing Taxes Economics 59

Wealth Management

OCTOBER 10, 2022

They may actually exacerbate risk during market crashes.

Investing 109

Investing Investments Marketing Marketing 109

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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

Steven J. Wilson

OCTOBER 10, 2022

Creating a strong brand can open the door to word-of-mouth marketing, PR, increased sales, and customer loyalty. Branding is using a name, term, design, symbol, or other feature to identify a product or service and distinguish it from other producers. A brand is more than just a name, logo, or excellent visual design; it’s customers’ Read more.

Sales 52

Sales Marketing Marketing 52

Wealth Management

OCTOBER 10, 2022

Apple Inc. is among the corporate giants leasing space inside the largest brick building in Europe, which generated power for 48 years after its opening in 1935. The iPhone maker will become the power station’s largest tenant, with 1,400 employees relocating to its new European headquarters.

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Nationwide Financial

OCTOBER 10, 2022

Thoughts. Equity markets remain subject to emotional swings, with the S&P 500® Index gaining for just the second time in eight weeks. The S&P 500 has seen directional moves of greater than 1% in more than half of sessions this year, including seven of the past eight. Markets surged at the beginning of the week, with the first back-to-back gains of 2.5% since 2008 on hopes for a dovish pivot by the Fed, though that rally lost momentum by week’s end as those hopes faded.

Marketing 52

Marketing Marketing Food Economics 52