The Big Picture

MARCH 21, 2023

Note: We are off to California and Arizona for a few events later this week; publishing will be spotty… Welcome to Spring! Start the new season with our Two-for-Tuesday morning train reads: • Are Banks OK? Where the sector stands after a turbulent week. ( Slate ) see also Déjà Vu? Why 2023 is Not 2008 : But that is incomparable to the 2008-09 era, where every financial institution had consumed CDOs, where toxic sub-prime loans were securitized into ticking time bombs.

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Banking Investing Investments Management 275

Nerd's Eye View

MARCH 21, 2023

Welcome back to the 325th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Brenda Hiscock. Brenda is a financial planner with Objective Financial Partners, an advice-only advisory firm based in Ontario, Canada, that works with clients on project-based financial plans, and also offers outsourced paraplanning to other Canadian advisory firms.

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Financial Advice Insurance Financial Advisor Financial Planning 246

Abnormal Returns

MARCH 21, 2023

Strategy Jeff Ptak, "If we know that we don’t know what we don’t know, then it stands to reason we should give ourselves some breathing room when an issue suddenly bursts onto the scene." (morningstar.com) Risks are often only obvious in hindsight. (youngmoney.co) What risks should you actually hedge? (mr-stingy.com) Finance Banks may have to re-think deposit velocity going forward.

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The Reformed Broker

MARCH 21, 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: ►Tech Resurgence – Silicon Valley Bank event feels bottom-y. The ultimate anecdotal sign. ►1 Year Later – One year ago, the FOMC first hiked interest rates.

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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

A Wealth of Common Sense

MARCH 21, 2023

John Marsden grew up in a wealthy family. He was a brilliant student who went to Harvard, graduated from law school and eventually fulfilled his dream of becoming a successful lawyer. John got married in his 30s and had children. Leo DeMarco also went to Harvard where he dreamed of becoming a famous writer. But after college he became a high school teacher and loved working with his students so much that his dream never c.

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The Irrelevant Investor

MARCH 21, 2023

Today’s Animal Spirits is brought to you by YCharts: Enter your information here to get 20% off YCharts (new clients only) On today’s show, we discuss: The 72-hour scramble to save the United States from a banking crisis Why failed Silicon Valley Bank was an outlier The bank panic should not exist Prescriptive View: Three layers of Fed failure What gets lost when you rescue markets US Bank deposits fell $54B.

Banking 100

Banking Clients Marketing Marketing 100

Wealth Management

MARCH 21, 2023

RMB's Don Bechter details the firm's strategic approach to M&A, organic growth and management of all things capital that has fueled the firm’s success over the years.

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Management 98

MarketWatch

MARCH 21, 2023

Nvidia Corp. NVDA said Tuesday it was launching four new platforms that allowed developers to build specialized artificial intelligence models. At Nvidia’s annual GTC developer conference, Chief Executive Jensen Huang introduced the L4 for AI video, the L40 for image generation, the H100 NVL for large language model deployment, and Grace Hopper for recommendation models.

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Numbers Marketing Marketing 98

Wealth Management

MARCH 21, 2023

Investors in real estate debt continued to feel the impact of troubles in the banking sector. Bisnow warned that investors in industrial outdoor storage should exercise caution. These are among today’s must reads from around the commercial real estate industry.

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Banking 98

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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

Calculated Risk

MARCH 21, 2023

Earlier, in the CalculatedRisk Real Estate Newsletter on February existing home sales, NAR: Existing-Home Sales Increased to 4.58 million SAAR in February; Median Prices Declined YoY , I mentioned that the median price was up 0.5% Not Seasonally Adjusted (NSA) from January 2023. Goldman Sachs economists estimated the seasonally adjusted (SA) month-over-month change was down 0.5%, and that median prices were down 4.2% SA from the peak: "The median sales price of all existing homes declined 0.5% m

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Sales 98

Wealth Management

MARCH 21, 2023

It’s rare to find a firm that grows strongly and consistently without a strategic growth framework approach.

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Calculated Risk

MARCH 21, 2023

Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Increased to 4.58 million SAAR in February; Median Prices Declined YoY Excerpt: On prices, the NAR reported : The median existing-home price for all housing types in January was $363,000, a decline of 0.2% from February 2022 ($363,700), as prices climbed in the Midwest and South yet waned in the Northeast and West.

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Sales 97

Wealth Management

MARCH 21, 2023

Nationwide, the typical rent for a single-family home rose 5.7% from a year earlier, data from the real estate analytics provider show. All 20 major metro areas tracked by CoreLogic posted single-digit annual rent increases, for the first time since late 2020.

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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

Calculated Risk

MARCH 21, 2023

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • During the day: The AIA's Architecture Billings Index for February (a leading indicator for commercial real estate). • At 2:00 PM, FOMC Meeting Announcement.

Economics 93

Economics Banking Marketing Marketing 93

Wealth Management

MARCH 21, 2023

Chief Growth Officer Rob Sandrew describes how Integrated Parters' acquisition of Laurel Wealth fits into its "deliberate" M&A strategy.

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Million Dollar Round Table (MDRT)

MARCH 21, 2023

By Bryce Sanders You might be involved in the community, a guest at a wedding or at a college alumni event. Whatever it may be, you have opportunities to meet many people, including high-net-worth (HNW) individuals. Are you ready to make the most of those opportunities? Meeting new people is easier than you think, and it doesn’t have to be scary. Here are three steps that simplify the process.

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Marketing Marketing 84

Wealth Management

MARCH 21, 2023

Clients who think their advisor really hears what they’re saying tend to stick around for longer.

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Clients 115

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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

eMoney Advisor

MARCH 21, 2023

Despite the toll on client emotions, times of market volatility give financial professionals a real opportunity to shine. By using your expertise to communicate, educate, and provide perspective, you’ll likely magnify the loyalty of your clients. Historically, staying the course and following a financial plan has outperformed rash investment decisions when there are times of uncertainty in the financial market.

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Financial Planning Planning Marketing Marketing 72

Wealth Management

MARCH 21, 2023

In a deal with the Federal Deposit Insurance Corp., New York Community Bancorp Inc. is buying more than $34 billion in Signature’s deposits, as well as $13 billion in loans and 40 bank branches. Left behind is the commercial real estate debt portfolio, weighted heavily toward multifamily buildings bound by a law that restricts landlords’ ability to raise rents.

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Banking Insurance Portfolio 79

MarketWatch

MARCH 21, 2023

U.S. Xpress Enterprises Inc. USX announced Tuesday an agreement to be acquired by Knight-Swift Transportation Holdings Inc. KNX, in a deal that values U.S. Xpress shares at more than four times the latest closing price. Under terms of the deal, which the companies said is valued at $808 million, shareholders of the provider of truckload carrier services will receive $6.15 in cash for each U.S.

Transportation 76

Transportation Marketing Marketing 76

Wealth Management

MARCH 21, 2023

Bill Simonet describes the benefits of having the freedom and flexibility of running your own practice.

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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

MarketWatch

MARCH 21, 2023

The S&P 500 on Tuesday posted its highest close since the collapse of Silicon Valley Bank earlier this month, which sent shockwaves through financial markets and raised concerns about the stability of the U.S. banking system. The S&P 500 index SPX closed up about 51 points, or 1.3%, ending near 4,003, according to preliminary data from FactSet. That was its highest close since May 6, four days before the failure of Silicon Valley, the biggest bank collapse since the 2008 global financial crisis.

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Banking Financial Market Sales Assets 75

Advisor Perspectives

MARCH 21, 2023

As of March 20, the price of regular and premium gas were down 3 cents and 4 cents from the previous week, respectively. According to GasBuddy.com, Hawaii has the highest average price for regular at $4.81 and Oklahoma has the cheapest at $2.89. The WTIC end-of-day spot price for crude oil closed at $67.82 and is down 9.3% from last week.

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MarketWatch

MARCH 21, 2023

Nvidia Corp. NVDA said Tuesday it was launching DGX Cloud, a service where businesses can get instant access to artificial intelligence models. At Nvidia’s annual GTC developer conference, CEO Jensen Huang said the service allows a customer “to access its own AI supercomputer” over a web browser at $37,000 per instance per month. “We are at the iPhone moment of AI,” Huang said during the presentation.

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Startup Marketing Marketing 75

Advisor Perspectives

MARCH 21, 2023

If you work with boomer-generation women, are you properly responding to their need for lifetime income? Consider this parable.

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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

MarketWatch

MARCH 21, 2023

Shares of First Republic Bank FRC rocketed 43.7% on heavy volume, putting them on track for a record one-day gain, as Treasury Secretary Janet Yellen said the U.S. government was committed to keeping the banking system safe, and amid reports JPMorgan Chase & Co. JPM was working to help the bank. The previous record rally was 27.0% on March 14, 2023.

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Banking Government Marketing Marketing 75

Norman Marks

MARCH 21, 2023

When I first became a chief audit executive (CAE), I did what pretty much everybody did: instituted a periodic process to follow-up the status of management action plans.

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Planning Management Government 63

MarketWatch

MARCH 21, 2023

Shares of First Republic Bank FRC climbed 20% in premarket trading on Tuesday, amid reports that JPMorgan Chase & Co. JPM was working to help bolster the bank. The bank’s shares fell to an all-time low of $12.18, a drop of 47%, on Monday as investors questioned its balance sheet and financial health. The slide came despite a report in The Wall Street Journal on Monday that JPMorgan CEO Jamie Dimon was working to raise more support for the bank.

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