The Reformed Broker
MAY 9, 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: ►Berkshire Hathaway Highlights – “Warren Buffett’s Berkshire Hathaway dumps billions of dollars of US stocks” ►IPOs – “Kenvue Stock Jumps in IPO of Former J&J Consumer-Health Busi.
Abnormal Returns
MAY 9, 2023
Strategy The 60/40 portfolio is flawed, but you need an alternative. (morningstar.com) Investors don't need to make snap judgments. (behaviouralinvestment.com) Finance Inside Vanguard's bond indexing money machine. (wealthmanagement.com) Why Arm Holdings is bypassing London for New York for its IPO. (cnbc.com) Venture capital Airbnb, Pinterest and Snowflake stand out as VC-backed companies from the past decade that are actually trading above their IPO values.
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The Reformed Broker
MAY 9, 2023
Final Trades: Berkshire, Devon Energy & CRISPR Therapeutics from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
Nerd's Eye View
MAY 9, 2023
Welcome back to the 332nd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Liz Hand. Liz is the co-owner of Pleasant Wealth, a hybrid advisory firm based in Canton, Ohio that oversees $146 million in assets under management for 522 client households. What's unique about Liz, though, is how she and her brother have taken ownership of what was originally their father’s broad commission-based practice with more than 1,500 clients, and have managed the balance
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.
Abnormal Returns
MAY 9, 2023
Portfolio building Should we build portfolios with investor regret in mind? (pm-research.com) Why you portfolio needs more stocks to be diversified than commonly thought. (mailchi.mp) Trading Another sign that portfolio manager trading, on average, is a negative. (morningstar.com) More evidence that retail investors are, on average, net losers when it comes to stock picking.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Advisor Perspectives
MAY 9, 2023
The headline number for April dropped to its lowest level since January 2013, coming in at 89.0, down 1.1 from the previous month and below the Investing.com forecast of 89.6. April's reading remains below the series average of 98.2 for the 16th consecutive month. The index is at the 5th percentile in this series.
Calculated Risk
MAY 9, 2023
With the pandemic, there was a surge in 2nd home buying. I'm looking at data for some second home markets - and I'm tracking those markets to see if there is an impact from lending changes, rising mortgage rates or the easing of the pandemic. This graph is for South Lake Tahoe since 2004 through April 2023, and shows inventory (blue), and the year-over-year (YoY) change in the median price (12-month average).
Wealth Management
MAY 9, 2023
CEO Aaron Klein reiterated that it would not move toward asset management, but would orient the firm, and its identity, "to seize the growth space.
Calculated Risk
MAY 9, 2023
From Dodge Data Analytics: Dodge Momentum Index Declines In April After Pullback In Commercial Planning The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 5.1% in April to 180.9 (2000=100) from the revised March reading of 190.6. In April, the commercial component of the DMI fell 8.0%, and the institutional component improved 0.3%.
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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.
Wealth Management
MAY 9, 2023
Federal officials are keeping a watchful eye on potential signs of distress in commercial real estate, reported The New York Times. Sourcing Journal looks at U.S. markets where it’s possible to find available warehouses. These are among today’s must reads from around the commercial real estate universe.
MarketWatch
MAY 9, 2023
Swedish Orphan Biovitrum AB SE:SOBI on Wednesday announced that it has entered into an agreement to acquire U.S.-based CTI BioPharma Corp. CTIC in a deal valued at $1.7 billion. The Stockholm-based drugmaker said it will offer $9.10 for each share of CTI, which focuses on blood-related cancers and rare diseases. The offer represents a premium of 88.8% over CTI’s the Tuesday closing price of $4.82 per share.
Wealth Management
MAY 9, 2023
Shannon Saccocia has been named chief investment officer for Neuberger Berman's private wealth division, less than a week after announcing on LinkedIn that she would not join First Citizens.
Calculated Risk
MAY 9, 2023
Today, in the Calculated Risk Real Estate Newsletter: House Price Battle Royale: Low Inventory vs Affordability Brief excerpt: I’ve been wrestling with the impact on house prices of the rapid increase in mortgage rates and monthly payments over the last year. My reaction was the current situation was somewhat similar to the 1978 to 1982 period and we would see prices decline in real terms (adjusted for inflation).
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.
Wealth Management
MAY 9, 2023
Cresset has combined with TRUE Capital Management, a San Francisco-based RIA managing $1.7 billion on behalf of high-profile clients in the sports and entertainment industries.
Advisor Perspectives
MAY 9, 2023
Financial cracks from rate hikes have led to jitters over commercial real estate. Yet granularity is key. We see opportunities in some U.S. industrial properties.
Wealth Management
MAY 9, 2023
Lenders tightened their underwriting criteria in recent months. But they have also reported a drop in demand as investors wait out the storm.
The Irrelevant Investor
MAY 9, 2023
Today’s Animal Spirits is brought to you by YCharts: See here to register for YCharts webinar discussing the scenarios tool with a big emphasis on how it helps streamline the financial planning process for advisors with RWM COO Nick Maggiulli on May 24th at 12:30pm Eastern On today’s show, we discuss: Jerome Powell faces lowest public confidence for Fed Chairman on record, Gallup says International diversification & The post Animal Spirits: Business Optimism Crashes appeared first on The Irr
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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.
Wealth Management
MAY 9, 2023
The settlement is bigger than the sum that Smith Barney paid decades ago, more than $100 million, to end what was known as the Boom-Boom Room suit, which had accused the firm of harassment and discrimination.
Million Dollar Round Table (MDRT)
MAY 9, 2023
By Michael DePilla, MDRT in-language content strategist Try out these ideas from MDRT members around the world to keep your pipeline of clients flowing. Prospecting tool I use a service called Copilot AI for automated digital prospecting through LinkedIn. In addition to finding and engaging leads through automated email requests, it invites prospects to my page and sends them a link to my calendar if they would like to schedule a meeting.
Wealth Management
MAY 9, 2023
Just 58 sustainable exchange-traded funds launched globally in the first quarter of 2023, a far cry from the 101 funds that were introduced during the same period last year.
MarketWatch
MAY 9, 2023
Amazon.com Inc. AMZN is offering shoppers $10 to pick up a purchase rather than have it shipped to a home address, in an apparent move to reduce home delivery costs amid slack consumer demand. In recent days, the e-commerce giant has emailed an unknown number of Prime subscribers with a $10 offer to pick up an order of $25 or more at locations such as Amazon Fresh, Whole Foods or Kohl’s stores, according to a Reuters report.
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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!
Wealth Management
MAY 9, 2023
Investors now have options in both public and private markets to take stakes in American farmland.
MarketWatch
MAY 9, 2023
Goldman Sachs Group Inc. GS and plaintiffs in a class action lawsuit over allegations of gender bias said Tuesday they reached a $215 million settlement in the legal action involving 2,800 female associates and vice presidents. The suit, Chen-Oster v. Goldman Sachs & Co. LLC, was filed in 2010. Goldman Sachs agreed to hire an independent expert to analyze its performance evaluation and promotion processes to managing director from vice president “to ensure they generate accurate, reliable, and n
Wealth Management
MAY 9, 2023
Just 20% of financial-services companies require full-time in-office work, according to a new survey of 251 industry firms.
MarketWatch
MAY 9, 2023
Shares of Fisker Inc. FSR were falling 3% in premarket trading Tuesday after the electric-vehicle company logged a wider loss for the latest quarter than analysts had been anticipating. The company generated a first-quarter net loss of $120.6 million, or 38 cents a share, compared with a loss of $122.1, or 41 cents a share, in the year-earlier period.
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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.
Wealth Management
MAY 9, 2023
Direct investing through SMAs truly customizes portfolios and manages risk to investors’ specific situations.
MarketWatch
MAY 9, 2023
Endeavor Group Holdings Inc. EDR, Ari Emanuel’s streaming, sports and entertainment giant, offered up a full-year sales forecast on Tuesday that came up just short of Wall Street’s expectations, but said it was planning more investor payouts up ahead. Endeavor forecast full-year revenue of $5.665 billion to $5.815 billion, compared with FactSet forecasts for $5.895 billion.
Wealth Management
MAY 9, 2023
Smaller investors are replacing institutional buyers, seeing an opportunity in the long-coveted real estate market.
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