The Big Picture

MARCH 7, 2023

My Two-for-Tuesday morning train reads: • A 120-Year-Old Company Is Leaving Tesla in the Dust : Tesla had me convinced, for a while, that it was a cool company. fundamentally, its cars had no competition. If you wanted an electric car that could go more than 250 miles between charges, Tesla was your only choice for the better part of a decade. ( New York Times ) see also Tesla Offers an Unprecedented Look at the Bench Behind Elon Musk : In a clear response to investor criticism, the CEO shared t

Food 269

Food Consulting Manufacturing Assets 269

The Reformed Broker

MARCH 7, 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: ►Powell to Congress – “Fed chief Powell is set to begin two days of congressional testimony Tuesday, where he’ll have the chance to explain the central bank’s planned response to a more resilient e.

Banking 258

Banking Planning Investing Investments 258

Abnormal Returns

MARCH 7, 2023

Behavior Happiness increases with income for 80% of the population. (pnas.org) How people think about inventions based on their age at introduction. (klementoninvesting.substack.com) Do attractive people get better deals? (papers.ssrn.com) Factors Why bother with the size factor? (blogs.cfainstitute.org) Is momentum just an agglomeration of other factor momentum?

Clients 130

Clients Portfolio 130

Nerd's Eye View

MARCH 7, 2023

Welcome back to the 323rd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Yonhee Choi Gordon. Yonhee is a Principal and the Chief Operating Officer of JMG Financial Group, an independent RIA based in Chicago, Illinois, that oversees nearly $5 billion in assets under management for close to 1,500 client households. What's unique about Yonhee, though, is how, through her nearly 4 decades with JMG Financial Group, Yonhee has been a part of not only the firm’s

Financial Advisor 130

Financial Advisor Recruitment Clients Financial Services 130

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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

Abnormal Returns

MARCH 7, 2023

Strategy What expanding your time horizon gets you. (behaviouralinvestment.com) What assumptions underlie the idea behind index investing. (priceactionlab.com) Why you shouldn't take investment advice from TV personalities. (youtube.com) Finance Ken Griffin comes out on top of the 2022 Midas List. (institutionalinvestor.com) Why there's not been a true 'next Warren Buffett.

Financial Advising 130

Financial Advising Media Economy Clients 130

Investment Writing

MARCH 7, 2023

Commas drive me crazy. I’m often unsure about whether my clients’ long sentences need commas. A helpful rule is finally sinking into my head. I need to place a comma before an independent clause that follows a coordinating conjunction. What’s an independent clause? Here’s a nice, informative example from Actually, the Comma Goes Here by Lucy Cripps: Each independent clause makes sense on its own, but it links very closely in theme to the other independent clause.

Commission 111

Commission Clients Investing Investments 111

Calculated Risk

MARCH 7, 2023

From Dodge Data Analytics: Dodge Momentum Index Gets a Boost in February The Dodge Momentum Index (DMI), issued by Dodge Construction Network, advanced 1.9% in February to 203.0 (2000=100) from the revised January reading of 199.3. In February, the commercial component of the DMI rose 1.4%, and the institutional component increased 2.9%. “The Dodge Momentum Index returned to growth in February after falling 9% last month,” stated Sarah Martin, associate director of forecasting for Dodge Construc

Healthcare 108

Healthcare Economics Planning Education 108

Wealth Management

MARCH 7, 2023

Economic concerns or not, holistic financial planning isn’t possible without having a full picture of your client base and the presence of diverse advisors who reflect them.

Financial Planning 105

Financial Planning Economics Clients Planning 105

Calculated Risk

MARCH 7, 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. • At 8:15 AM, The ADP Employment Report for February. This report is for private payrolls only (no government). The consensus is for 195,000 payroll jobs added in February, up from 106,000 added in January. • At 10:00 AM, Job Openings and Labor Turnover Survey for January from

Financial Services 103

Financial Services Government Economics Banking 103

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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

Advisor Perspectives

MARCH 7, 2023

Take a look at real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq composite since 2000. We've updated this through the February 28, 2023 close.

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MarketWatch

MARCH 7, 2023

U.S. stocks closed sharply lower on Tuesday after Federal Reserve Chairman Jerome Powell warned of the potential need for higher rates to cool inflation if economic data stays strong. The Dow Jones Industrial Average DJIA fell about 574 points, or 1.7%, ending near 32,856, while the S&P 500 index SPX shed about 1.5% and the Nasdaq Composite Index closed down 1.3%, according to preliminary FactSet figures.

Economics 98

Economics Marketing Marketing 98

Calculated Risk

MARCH 7, 2023

Today, in the Calculated Risk Real Estate Newsletter: Pandemic Economics, Housing and Monetary Policy: Part I A brief excerpt: Pandemic economic outcomes were frequently largely unexpected. For example, early in the pandemic, there was a shortage of toilet paper. Since there are two supply chains for toilet paper - one residential and the other commercial - and many more people were using the bathroom at home instead of at the office, there was a shortage of residential toilet paper.

Economics 98

Economics Accounting Marketing Marketing 98

NAIFA Advisor Today

MARCH 7, 2023

The premier association for agents and advisors in the United States encourages diversity, equity, and inclusion in the insurance and financial services industry and promotes financial security for all Americans.

Financial Services 98

Financial Services Insurance 98

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

MarketWatch

MARCH 7, 2023

Binance.US, the U.S. version of the global crypto exchange Binance, can move forward with absorbing customer accounts and around $1 billion in crypto from Voyager Digital, a judge said — despite objections from the Securities and Exchange Commission, the Wall Street Journal reported on Tuesday. The Journal reported that Judge Michael Wiles of the U.S.

Accounting 98

Accounting Commission Assets Marketing 98

Calculated Risk

MARCH 7, 2023

From Manheim Consulting today: Wholesale Used-Vehicle Prices See Large Increase in February Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 4.3% in February from January. This was the largest increase for the full month of February since 2009’s 4.4% rise. The Manheim Used Vehicle Value Index (MUVVI) rose to 234.5, down 7.0% from a year ago.

Consulting 98

Consulting Sales 98

MarketWatch

MARCH 7, 2023

U.S. stock indexes opened modestly lower on Tuesday as traders awaited Federal Reserve Chairman Jerome Powell's testimony before Congress on the state of the economy. The Dow Jones Industrial Average shed 5 points, leaving it nearly flat at 33,425.The S&P 500 and the Nasdaq Composite each dropped 0.1%. Powell is set to appear before the Senate Banking Committee on Tuesday to deliver the first part of his two-day semiannual monetary policy testimony.

Financial Services 98

Financial Services Economy Banking Marketing 98

Wealth Management

MARCH 7, 2023

The privately owned independent broker/dealer sold a “meaningful amount” of equity in the firm to affiliated advisors at the end of January.

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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

The Irrelevant Investor

MARCH 7, 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: Why so bearish? The Exchange from the desk of Kelly Evans I spent two years revenge spending, it was hard to stop Bars, hotels and restaurants become the economy’s fastest-growing employers Net Interest on Goldman Sachs, Silvergate, Revolut, and Klarna .

Economy 88

Economy Clients 88

Wealth Management

MARCH 7, 2023

What’s the difference between the two types of funds in terms of strategy, targeted returns and investment horizons.

Investing 115

Investing Investments 115

MainStreet Financial Planning

MARCH 7, 2023

Sorry for this dose of reality! It is March…that means you have just about 5 weeks left to get organized and submit your tax return. The tax deadline is April 18, 2023 (some taxpayers in disaster areas in California, Georgia and Alabama have an extended deadline). Gathering all your documents is crucial to complete a tax return free of mistakes. As life gets more complicated this can become a daunting task.

Taxes 85

Taxes Retirement Planning Distribution Planning 85

Wealth Management

MARCH 7, 2023

Everest Consolidator Acquisition Corp., a SPAC focused on the wealth management industry, has another three months to get a deal done.

Wealth Management 105

Wealth Management Management 105

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Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

Management

eMoney Advisor

MARCH 7, 2023

Stepchildren, remarriages, and ex-spouses: For the modern wealth management client with a blended family, planning to transfer wealth presents a web of complexity. There are many more stakeholders, and their interests may conflict. Fortunately, financial professionals have tools and wealth transfer strategies that can help couples be intentional about the use of their assets in an estate plan.

Estate Planning 83

Estate Planning Planning Financial Planner Clients 83

Wealth Management

MARCH 7, 2023

In a world driven by the bottom line, the root of contentment often lies behind less “easily measured” criteria.

Financial Advisor 111

Financial Advisor 111

Discipline Funds

MARCH 7, 2023

Friedrich Nietzsche’s doctrine of eternal recurrence is the idea that time repeats itself in an eternal loop. 1 It’s interesting in the context of economic growth as we tend to think of economic growth across “cycles” or repeating ups and downs. But in reality the economy doesn’t look so much like a “cycle” It looks more like a line from the bottom left to the top right with occasional shocks that create the illusion of a regular cycle.

Economics 75

Economics Government Economy Assets 75

Wealth Management

MARCH 7, 2023

How a quartet of young owners who bought out Ensemble founder Curtis Brown grew the firm's assets by more than 325% in seven years.

Management 98

Management Assets 98

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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 7, 2023

Yext Inc. YEXT shares fell more than 10% in after-hours trading Tuesday, after the software company’s executives projected slower revenue growth this year than Wall Street expected. Yext executives guided for fiscal-year revenue of $402 million to $406 million, while the average analyst estimate called for $417.6 million. Yext finished the just-completed fiscal year with annual sales of $400.9 million, the company reported Tuesday, up from $390.6 million a year earlier.

Sales 75

Sales Marketing Marketing 75

Wealth Management

MARCH 7, 2023

Focusing on larger deals, Creative Planning moves into Tennessee with its first acquisition in six months.

Planning 105

Planning 105

Advisor Perspectives

MARCH 7, 2023

I will explain what ChatGPT is beyond the headlines, and its capabilities and limitations. I will then share a use case in wealth management and explore whether it will replace human financial advisors.

Wealth Management 98

Wealth Management Management Financial Advisor 98