The Reformed Broker
JUNE 5, 2023
On this special episode of Live from The Compound, Scott Patterson, Financial Journalist and Wall Street Journal Reporter, joins Michael Batnick and Josh Brown to discuss Scott’s new book, Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis. Follow Scott on: Twitter Book. The post Black Swans, Stock Market Crashes and the Chaos Kings appeared first on The Reformed Broker.
The Big Picture
JUNE 5, 2023
My leaving-on-vacation , morning plane reads (see you in 10 days!): • There’s No Easy Exit for Companies Backed by PE and VC : Verdad Advisers’ Dan Rasmussen argues that rising debt costs, compressed margins, and negative cash flow make for a “pretty scary” picture of the health of private companies. ( Institutional Investor ) • Hedge Funds at War for Top Traders Dangle $120 Million Payouts : Paid sabbaticals, huge signing bonuses are among tools being used, as clients foot the bill in chase for
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Nerd's Eye View
JUNE 5, 2023
Welcome to the June 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that Riskalyze has completed its previously-announced rebranding, and will now be known as “Nitrogen”, a ”growth platform” for advisory firms – which represents less of a shift
Abnormal Returns
JUNE 5, 2023
Crypto The SEC is suing Binance and its founder 'CZ.' (theblock.co) What's in the SEC Binance suit. (theverge.com) AI IBM ($IBM) should be a player in AI. The stock market is skeptical. (barrons.com) AI has put a charge back into the tech industry. (washingtonpost.com) Finance What happens when you merge two traditional asset managers who are experiencing outflows?
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.
The Big Picture
JUNE 5, 2023
RWM is coming to Austin, TX June 12th-14th @Downtown with more details Email us at info@ritholtzwealth.com subject line “Austin” to reserve a meeting slot! pic.twitter.com/9iSdG4HFf3 — Ritholtz Wealth (@RitholtzWealth) May 19, 2023 Hey Y’all ! We’re coming to Texas to celebrate the opening of RWM Austin! We only have a few slots left to meet with prospective clients — if you would like to learn more about being a client of Ritholtz Wealth Management, this is your ch
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
JUNE 5, 2023
The deal may be the largest acquisition of a CPA firm by an RIA, and brings 600 new employees and $2.5 billion in client assets to Creative Planning. It will be the foundation for a business-focused service division within the firm.
Integrity Financial Planning
JUNE 5, 2023
A recent study by Investopedia found that Generation X’s biggest worry is retirement. The survey found that although many members of Gen X feel like they understand their finances, they are still concerned about setting themselves up to transition into retirement. Nearly one in four Gen Xers are not sure when, or even if, they will be able to retire. [1] These numbers are very significant.
Wealth Management
JUNE 5, 2023
CoStar looked at how Simon Property Group is repositioning some of its malls into mixed-use centers. Some U.S. banks are winding down their commercial real estate loan books even if they have to sell at a discount, reports Bloomberg. These are among the must reads from around the real estate investment world to kick off the new week.
Trade Brains
JUNE 5, 2023
One of the most frequently asked questions that we receive in emails is: ‘Can I make a living trading stock?” or “Should I leave my job to make trading my full-time career? ” or “Should you Quit Your Job to Trade Stocks?” It’s a fascinating idea, right? Quitting your job and working from home trading stocks. No boss, no employee, no politics, nothing.
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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
JUNE 5, 2023
This piece was generated by entering the question, "How Is AI Helping Financial Advisors Right Now?" into Google’s Bard and is presented with no editing.
NAIFA Advisor Today
JUNE 5, 2023
For nearly 50 years, the throughline of Doug Lenhoff' s career has been protection. A West Point graduate, Lenhoff spent 15 years in the US Army—including five years in Germany—before making the switch to insurance and financial services. Since then, he’s developed his niche and become an expert in disability insurance.
Calculated Risk
JUNE 5, 2023
Today, in the Calculated Risk Real Estate Newsletter: Black Knight Mortgage Monitor: Home Prices Increased Month-to-month in April; Prices Unchanged YoY A brief excerpt: Note: The Black Knight House Price Index (HPI) is a repeat sales index. Black Knight reports the median price change of the repeat sales. Here is a graph of the Black Knight HPI. The index is still up 1.0% year-over-year and will likely turn negative YoY soon. • April’s 0.46% seasonally adjusted rise was down from March’s revise
Trade Brains
JUNE 5, 2023
Fundamental Analysis of Mazagon Dock: The last twelve months have given plenty of multi-bagger PSU stocks to Dalal Street. From RVNL to HAL, government companies have shed their slow growth image. Among these, Mazagon Dock Shipbuilders has also given a sweet 200% return to its shareholders. Can investors expect similar returns in the future? We’ll attempt to answer these and other questions by performing a fundamental analysis of Mazagon Dock Fundamental Analysis of Mazagon Dock We’ll begin our
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
JUNE 5, 2023
Dynasty’s former COO will join as president of Advisor Group RIA Solutions after leaving the former firm he co-founded in 2010.
Getting Your Financial Ducks In A Row
JUNE 5, 2023
Photo credit: jb There are three methods you can use to apply for Social Security retirement benefits. And since you’re reading this article you’re likely overwhelmed by the prospect and don’t know where to start, so here’s how to apply: By Phone – call the Social Security Administration at 1-800-772-1213 between the hours of 8am and 7pm (they don’t say, but I’m assuming this is Eastern time) to apply.
Wealth Management
JUNE 5, 2023
Portrait will be able to answer any question or perform the typical tasks one would ask of a junior analyst at a hedge fund, including finding investment ideas, building financial models and creating pitch decks.
Advisor Perspectives
JUNE 5, 2023
The empirical evidence supports Seigel’s general assertion that stocks beat inflation in the long run. But the inflation-hedging benefits of stocks aren’t perfect.
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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
JUNE 5, 2023
The partnership between the alternative investment platform and the asset management firm aims to give advisors access to structure note strategies via SMAs.
Alpha Architect
JUNE 5, 2023
This study adds evidence to the literature of social interaction by confirming empirically that investors acquire investment ideas from their family members. Do we invest like our family members? was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Wealth Management
JUNE 5, 2023
The likelihood that the client does not have good title to artwork should be taken into consideration when creating an estate plan.
Advisor Perspectives
JUNE 5, 2023
Here is a summary of the four market valuation indicators we update on a monthly basis.
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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
JUNE 5, 2023
The cloud-based Toggle AI features in-house machine learning and natural language processing algorithms to address "the IKEA of financial information.
MarketWatch
JUNE 5, 2023
Shares of Palantir Technologies Inc. PLTR powered up 7.5% toward a 17-month high in morning trading Monday, after the software company said it was awarded a multiyear contract worth up to $463 million from the U.S. Special Operations Command (USSOCOM). Palantir, which has seen its stock get a recent boost from the artificial-intelligence craze, has made advancements in large language models (LLMs) and edge AI to reduce cognitive load on warfighters and commanders.
Wealth Management
JUNE 5, 2023
Engine Capital says despite the company’s efforts, its stock price continues to trade at a discount, having lost nearly 13% of its value year-to-date.
MarketWatch
JUNE 5, 2023
Shares of Park Hotels & Resorts Inc. PK fell 0.7% in premarket trading Monday after the lodging real estate investment trust (REIT) said it made the “very difficult, but necessary” decision to stop payments on its $725 million commercial mortgage-backed security (CMBS) loan secured by two of its San Francisco hotels. The REIT said it plans to work with the loan’s servicers to determine the best path, which is expected to be the eventual removal of the hotels from its portfolio.
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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
JUNE 5, 2023
What the Franklin Templeton-Putnam Investments deal means for advisors and the DC industry.
MarketWatch
JUNE 5, 2023
In a bid to shore up the system after this year’s banking crisis, U.S. regulators are planning fresh rules that will force bigger banks to lift their capital requirements by an average 20%, The Wall Street Journal reported on Monday, citing sources. Any bank that relies on income from fees may also be swept up, in the first of a series of tougher rules en route for the industry.
Wealth Management
JUNE 5, 2023
Even as OpenAI’s GPT-4 integrates into existing applications, many advisors are heading straight to the source, buying subscriptions of the open platforms to enhance their business. Others see more profound disruptions.
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