Nerd's Eye View

JUNE 12, 2023

While 2023 got off to a bumpy start for many advisory firms, still smarting from a rough prior year of market returns (and volatile revenue), a relative return to ‘normalcy’ means that for most, the advisory business has reached whatever its new post-pandemic normal will be. Firms that were returning to the office have done so, those that are staying remote are remaining as such, and either way most advisory firms have figured out how to continue to service and retain clients, and ar

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Abnormal Returns

JUNE 12, 2023

Podcasts Michael Kitces and Carl Richards on what it means to be a 'lead advisor.' (youtube.com) Daniel Crosby talks with Amy Mullen about five steps for values-based financial planning. (standarddeviationspod.com) Dave Nadig and Phil Pearlman talk about the relationship between wealth and health. (etftrends.com) Robo-advice Why the SEC is scrutinizing robo advice.

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Wealth Management Financial Advice Financial Planning Planning 130

Calculated Risk

JUNE 12, 2023

CNBC's Carl Quintanilla posted this graph on Twitter this morning: And he quoted Credit Suisse: CREDIT SUISSE: “Our work indicates that YoY inflation is likely to fall to 4.2% in May, 3.2% in June. this would represent one of the greatest drops experienced in a 2-month period over the past 70 years.” This is very likely for both CPI and the PCE price index since energy and food prices soared in May and June 2022.

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Food Numbers 136

Wealth Management

JUNE 12, 2023

Lenders on office assets are doing everything they can to avoid taking the keys on properties and working on extension and modification agreements, reports Bisnow. Don Peebles sat down with Commercial Observer to discuss how far Black real estate development has come. These are among the must reads from around the real estate investment world to start the week.

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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.

Accounting

Trade Brains

JUNE 12, 2023

Best Sites to Learn Virtual Stock Trading in India: Entering the Indian stock market can be a tedious job for beginners. First, you need to open your brokerage account (Demat and trading account). This means that you have to pay the account opening charges and go through the complex documentation process. Further, as stock market trading involves market risk, you can always lose some money— especially, if you are a beginner.

Accounting 105

Accounting Portfolio Investing Investments 105

Advisor Perspectives

JUNE 12, 2023

A key question advisors will face from clients is whether a recession is likely and if so, what to do about it. The widespread pessimism among consumers and investors adds another layer of complexity to portfolio management.

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Portfolio Management Portfolio Clients Management 98

David Nelson

JUNE 12, 2023

By David Nelson, CFA Going all-in. When do you make that bet? We see it in the movies all the time. Gamblers living on the edge push the chips to the center of the table confident there is no way they can lose. How does that scene play in the real world outside of a Hollywood set? If you have a dream or passion to succeed, there’s only one answer.

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Risk Tolerance Management Assets Retirement 98

Calculated Risk

JUNE 12, 2023

From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. Total originated carloads on U.S. railroads rose 0.8% in May 2023 over May 2022, their third year over-year gain in the first five months of 2023. Total carloads averaged 225,851 per week in May, down fractionally from the average for March and April.

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Prosperity Coaching

JUNE 12, 2023

Financial Advisors: Finding the Elusive Wealthy Client. Where are they hiding? How can you find them? You know who I’m talking about: the affluent. The clients with the assets. HNW or UHNW. The clients with the money to invest. With you. I’ve been working with financial advisors since 2004! I […] The post Financial Advisors: Finding the Elusive Wealthy Client appeared first on The Prosperous Advisor Coaching Blog.

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Financial Advisor Clients Assets Investing 97

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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

JUNE 12, 2023

From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Higher Ahead of Important Inflation Report Mortgage rates drifted slightly higher this morning with the average lender moving up to the highest levels in nearly 2 weeks. Top tier 30yr fixed scenarios are effectively back at 7% for the majority of lenders. Tomorrow morning's Consumer Price Index (CPI) is one of the biggest sources of volatility for rates on any given month.

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Marketing Marketing 95

Integrity Financial Planning

JUNE 12, 2023

As you plan for retirement, it’s important to consider tax optimization strategies to minimize your tax liabilities. Here are three key ways to optimize taxes in retirement, based on information from sources published between 2022 and 2023. Consider the Tax Structure of Your State and Locality Consider living in a tax-friendly state. [1] Many states offer tax breaks for retirement income or have no income tax, which can help you reduce your tax liabilities in retirement.

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Taxes Retirement Consulting Financial Planning 92

Wealth Management

JUNE 12, 2023

But most wealth, retirement plan and benefits advisors are still stuck in silos and old business models.

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Retirement Planning Retirement Planning 122

MarketWatch

JUNE 12, 2023

Microsoft Corp. MSFT appears to have another headwind in its $69 billion acquisition of videogame publisher Activision Blizzard Inc. ATVI in the form of an injunction from the Federal Trade Commission, according to a report Monday. In a CNBC report, the FTC is set to file an injunction to block the deal, according to a source close to the matter. Microsoft shares were up 0.3%, and Activision’s were flat in recent activity.

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Commission Marketing Marketing 85

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

JUNE 12, 2023

After a surge of mergers and acquisitions in the real estate space in 2022, the pace of deals has slowed amid disruptions in property pricing.

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Valuation 102

Clever Girl Finance

JUNE 12, 2023

Finding creative ways to save money can make all the difference when it comes to your personal finances. Saving money whenever possible is important. It can help build your emergency fund, save for a vacation, or even free up money so you can start investing. Table of contents Top 33 creative ways to save money! Expert tip How can I consistently save money creatively?

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Budgeting Insurance Accounting Food 75

Wealth Management

JUNE 12, 2023

Many affluent households also face significant challenges regarding retirement income.

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Retirement 114

A Wealth of Common Sense

JUNE 12, 2023

Today’s Talk Your Book is brought to you by CNIC Funds On today’s show, we spoke with Timothy Kramer, Founder and CEO of CNIC Funds to discuss investing in US Carbon Neutral Power. On today’s show, we discuss: Where the price of electricity is headed Who’s actively trading these products What CNIC funds are composed of Why electricity is uninvestable right now What electricity is most correlated.

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Investing Investments 76

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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

Advisor Perspectives

JUNE 12, 2023

Copper is currently trading around $8,300 a ton, down approximately 26% from its all-time high of nearly $11,300, set in October 2021. According to Citigroup, the metal could top out at $15,000 a ton by 2025, a jump that would “make oil’s 2008 bull run look like child’s play.

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Alpha Architect

JUNE 12, 2023

This paper finds that the level of industry classification plays a significant role in the performance of industry momentum strategies. Industry classification and the momentum factor was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

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Investing Investments 75

Advisor Perspectives

JUNE 12, 2023

Social listening quantifies sentiment toward your brand, what content is garnering attention and common themes to address or leverage.

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Getting Your Financial Ducks In A Row

JUNE 12, 2023

Photo credit: jb Simplification is usually beneficial to any pursuit. If you can break down the basic principles of whatever “big thing” it is that you’re hoping to accomplish into simple concepts, you’ll do well in your pursuit. This is true for whatever you’re hoping to accomplish – climbing Mount Everest (train, prepare, keep going up); write a book (gather information, organize, keep writing); or get a college degree (show up, pay attention, study).

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Budgeting Taxes Accounting Retirement 71

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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

JUNE 12, 2023

U.S. shares of Taiwan Semiconductor Manufacturing Co. TSM outpaced the broader chip sector Monday following a report that increased AI-related orders from Nvidia Corp. NVDA have allowed the third-party fab to increase use of its capacity significantly. On Monday, Taiwan’s Economic Daily News reported that TSMC was now using 70% to 80% of its 5-nanometer transistor-making capacity because of Nvidia orders, up from previous usage levels in the more than 50% range.

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Manufacturing Economics Sales Marketing 76

Advisor Perspectives

JUNE 12, 2023

How have U.S. stocks performed this year? The answer is simple, but you’d never know that from looking at the three most often quoted indexes.

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MarketWatch

JUNE 12, 2023

U.S. stocks powered higher on Monday for the third straight day as both the S&P 500 and Nasdaq Composite posted their highest closing levels since April 21 2022, according to Dow Jones Market Data. All three major U.S. equity indexes rose as stocks built on their gains following the S&P 500’s exit from bear-market territory late last week. Meanwhile, investors were looking ahead to Tuesday’s consumer-price inflation data and a Federal Reserve decision on interest rates due on Wednesday.

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Marketing Marketing 75

Clever Girl Finance

JUNE 12, 2023

Let’s talk about saving money for your child via custodial accounts and education plans. Different types of custodial accounts for minors can help you save for your child’s future. Here’s how they work! Table of contents What is a custodial account? Types of custodial accounts for minors Education savings accounts Expert tip Best custodial accounts for minors Other options to save for your child’s future What is better 529 or a custodial account?

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Accounting Education Taxes Planning 64

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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

JUNE 12, 2023

Apple Inc. AAPL shares closed up for a third consecutive session on Monday to score a new record high, the week following the tech giant’s WWDC event last week. Apple shares rose 2.8% to close at $183.79, a new all-time closing high, according to Dow Jones data. That surpasses the stock’s previous closing record of $182.01, set on Jan. 3, 2022, according to Dow Jones.

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Marketing Marketing 75

Wealth Management

JUNE 12, 2023

Help HNW clients with liquidity and enhance your competitive edge.

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Clients 103

MarketWatch

JUNE 12, 2023

U.S. stocks opened modestly higher Monday, as investors prepare for a busy week on the economic calendar. The Dow Jones Industrial Average DJIA was up 0.2% soon after the opening bell, while the S&P 500 SPX edged up 0.3% and the technology-heavy Nasdaq Composite COMP gained 0.5%, according to FactSet data, as last check. Investors will get a reading on inflation from the consumer-price index on Tuesday followed by the Federal Reserve’s interest-rate decision on Wednesday.

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