Mon.Dec 04, 2023

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Monday links: narcissistic power-grabbers

Abnormal Returns

Strategy Investing is hard. Really hard. (awealthofcommonsense.com) Be skeptical of anyone offering you better returns absent higher risk. (obliviousinvestor.com) Crypto Coinbase ($COIN) is benefiting from the rally in Bitcoin and issues with its competitors. (barrons.com) Binance's legal problems are not done - the SEC is still on the line. (wsj.com) Companies Alaska Air ($ALK) has offered to buy Hawaiian Airlines ($HA).

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10 Monday AM Reads

The Big Picture

My back-to-work morning train WFH reads: • 7 Deadly Stocks : Mega cap tech got destroyed in 2022. Google fell -46%, Amazon -56%, Nvidia -66%, Facebook -77%. An equal-weighted Mag7 portfolio had a 48% drawdown in 2022. You can’t talk about 2023 without looking at 2022. Over the last two years, the Magnificent 7 has barely beaten the S&P 500. ( Irrelevant Investor ) • Inflation Is Your Fault : If people are so mad about high prices, why do they keep buying so many expensive things?

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Adviser links: structuring compensation

Abnormal Returns

Podcasts Daniel Crosby talks with Ali McCarthy. Ali is a corporate marketing advisor who has seen many sides of the wealth management business. (standarddeviationspod.com) Brendan Frazier on getting clients to actually implement your advice. (podcasts.apple.com) The biz Software is eating financial advice. (theirrelevantinvestor.com) The lastest in adviser fintech including new CEOs at Tifin and Nitrogen.

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The Latest In Financial #AdvisorTech (December 2023)

Nerd's Eye View

Welcome to the December 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that Black Diamond has announced the launch of its own CRM system, targeting advisors at mid-size firms who have data complexity and workflow needs greater than what more basic CRM options can accommodat

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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ICE (Black Knight) Mortgage Monitor: "Home prices continued sending mixed signals in October"

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: IICE (Black Knight) Mortgage Monitor: "Home prices continued sending mixed signals in October" A brief excerpt: And on Florida inventory: Florida has experienced some of the largest inventory gains in recent months • In fact, six of the nine markets seeing the strongest inventory growth over the past three months – Palm Bay (+22pp), Lakeland (+21pp), Tampa (+19pp), Cape Coral (+18pp), North Port (+16pp) and Orlando (+14pp) – are located in th

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More Trending

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How Financial Advisors Can Seize Opportunities in the $129T Wealth Transfer

Wealth Management

Advances in AI and automation have made it possible for advisors to effortlessly add trust and estate administration services to their practices.

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Help Boost Your Income with These 3 Strategies

Integrity Financial Planning

Do you feel like you have enough saved for retirement? Do you have anything saved for retirement? If your answer to either of these questions is no, then our advisors may have some strategies to help you turn your retirement income strategy around. Here are some things that our advisors recommend when it comes to boosting your retirement savings: Assess Your Financial Situation Honestly This isn’t as easy as it sounds.

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Hub International Acquires $2.3B AFS 401(k) Retirement Services

Wealth Management

AFS 401(k) Retirement Services and AFS Financial Group is a retirement plan and wealth management consulting firm with $2.3 billion in assets under advisement.

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Market Commentary: What a Month!

Carson Wealth

The S&P 500 gained 8.9% in November for one of its best monthly returns ever. One month ago, stocks were in a correction, fear was everywhere, and talk of a new bear market and a recession were in the news. Then a funny thing happened … stocks soared! The year-end rally continued last week, with stocks up five weeks in a row. Stocks soared in November for one of the best months ever, but history suggests more gains are likely.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

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CAIS, Mercer Survey Finds Growing Interest in Alts

Wealth Management

The research found that more than 60% of advisors have at least some exposure to alternative investments and most expect usage to grow.

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Talking to Your Clients About the Meaning of Money This Holiday Season

Advisor Perspectives

Use the holiday season to understand what's important to our clients and what they want to achieve with their money.

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Strategic Investing Unleashed: Fidelity's Wide Net and Opportunistic Credit Mastery

Wealth Management

Harley Lank, portfolio manager at Fidelity, discusses high yield, selective decision-making, and navigating credit market dislocations.

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6 Financial Advisor Tools That Will Get Your Firm Up and Running

XY Planning Network

XYPN Ops, formerly known as XYVA, has put in over 6,000 hours of work for our members by digging into 200+ different systems. You could say we’ve learned a thing or two about which systems are the most efficient and work together the best. We’ve compiled a list of six financial advisor tools that will get your firm up and running.

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Finding “The One:” The Ultimate Guide to Selecting Financial Software

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

As finance and accounting practitioners, you are expected to complete daily operations as well as to manage next generation tools and resources to support a business that is growing in complexity. Having the right software can be critical in juggling and meeting those high expectations. The path to the right software, however, is paved with challenging decisions.

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Stifel Sees S&P 500 Delivering Little Returns Into Early 2030s

Wealth Management

The type of high-level S&P 500 performance seen in the decade prior to 2021, “is gone for a generation,” according to Stifel's Barry Bannister.

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Talk Your Book: High Prices Cure High Prices

A Wealth of Common Sense

Today’s show is brought to you by Teucrium We had Sal Gilbertie, CEO of Teucrium on the show to get an update on global commodity markets in 2023. On today’s show, we discuss: Where the name Teucrium comes from An update on supply and demand dynamics in agricultural markets The golden grain cycle The cost of production and expected returns for commodities Teucriums long short agricultural fund How everyone g.

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IRS Criminal Investigation Unit Is Taking on More Crypto Tax Cases

Wealth Management

The IRS has been asking individuals to disclose if they've transacted in cryptocurrency since the 2019 tax year.

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Update: Lumber Prices Up Slightly YoY

Calculated Risk

Here is another monthly update on lumber prices. SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16th. I've now switched to a new physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long term price comparisons since the new contract was priced about 24% higher than the old random length contract for the period both contracts were available.

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Transforming Lending: Understanding the Power of Digital Platforms

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.

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Reverence Seeks Buyer for $2.5B Stake in Osaic

Wealth Management

Reverence is seeking to sell up to 20% of Osaic, the broker/dealer network that rebranded from Advisor Group earlier this year.

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A radically different approach to audit reports

Norman Marks

I have been somewhat retired for a few years now. I have my speaking and training engagements, the occasional consulting project, some mentoring of individuals and organizations, and my writing. They keep me reasonably busy along with bridge and yoga.

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Heckenberg’s New PE Firm Makes Inaugural Investment in AlphaCore Wealth Advisory

Wealth Management

Constellation Wealth Capital has purchased a minority stake in the alts-focused, technology-driven California RIA.

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[cdata[ Do I Need a Business Plan? ]]

oXYGen Financial

![CDATA[ 1. Introduction Embarking on a business venture is an exhilarating journey filled with challenges and opportunities. One crucial question that often arises is whether you need a business plan. In this article, we will explore the significance of a business plan and why it might be the key to unlocking your business's full potential. 2. The Foundation: What is a Business Plan?

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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

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.

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The Ten Best Business Books of 2023 for Advisors

Wealth Management

This year’s crop includes major books by two of the best business writers working today.

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Crestmont P/E Jumps in November

Advisor Perspectives

Based on the November S&P 500 average of daily closes, the Crestmont P/E of 33.0 is 121% above its arithmetic mean, 140% above its geometric mean, and is at the 98th percentile of this 14-plus-decade series.

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Former Boston Private President Launches PUREfi Wealth

Wealth Management

Paul Simons has founded his new RIA on the Dynasty Financial Partners platform.

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Tuesday: Job Openings, ISM Services

Calculated Risk

From Matthew Graham at Mortgage News Daily: Mortgage Rates Move Slightly Higher, But Still Effectively at 3-Month Lows Apart from this past Friday, you'd have to go back to September 1st to see lower mortgage rates than today. the incoming economic data has the potential to send rates significantly higher or lower. The first key report is CPI, the consumer price index, which serves as the most widely traded update on inflation.

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The Blueprint for a Customer-Centric Digital Lending Experience

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.

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Authenticity Is The Word of the Year

Wealth Management

Authentic advisors will resonate and stand out as AI and social media grows.

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The One (Easy) Trick to Resetting Your Finances in the New Year

Gen Y Planning

This season, you may feel overwhelmed with articles and content online about how to level up your finances in the new year – they’re everywhere! Everyone rattles off ideas about different resolutions you can set, how to automate your way to your goals, or different “hacks” to help you double the size of your bank account and retire by 45. Sound familiar?

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Could 2024 Be Better for the Markets Than 2023? Yes, Survey Shows

Wealth Management

Personal investments will benefit from the AI holdings and Fed cuts, according to Bloomberg survey.

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