The Big Picture
AUGUST 1, 2023
After a monstrous 68% recovery from the March 2020 pandemic low, and another nearly 30% gain in 2021, markets decided to have one of their all-too-regular spasms. Blame whatever you want – Too far, too fast? End of ZIRP? Too rapid rate increases? – but the giveback off the highs was substantial: S&P 500 was down ~23%, Russell 2000 was off 27%, and the Nasdaq 100 came down 32%.
Abnormal Returns
AUGUST 1, 2023
July 2023 How major asset classes performed in July 2023. (capitalspectator.com) The U.S. stock market is on a five-month winning streak. (ft.com) Markets What investors got wrong about the stock market's rally year-to-date. (ritholtz.com) The yield curve has been inverted for over a year now. (theirrelevantinvestor.com) Meme stock traders just can't quit bankrupt stocks.
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Nerd's Eye View
AUGUST 1, 2023
Welcome back to the 344th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Brad Barrett. Brad is the Managing Director and Partner of One Capital Management, an independent RIA based in Westlake Village, California, with locations across the country, that oversees $5.3 billion in assets under management for more than 2,000 client households.
Abnormal Returns
AUGUST 1, 2023
Quant stuff Quant investing is all about combating behavioral biases. (mrzepczynski.blogspot.com) A round-up of the past month's best research papers including 'Before Index Funds: How Much of the Market Return Could Investors Have Got?' (bpsandpieces.com) Global Two trends that could help unlock value in Japan's stock market. (mailchi.mp) A review of country risk premia from Aswath Damodaran.
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 Reformed Broker
AUGUST 1, 2023
Final Trades: McDonald’s, Qualcomm & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Fintoo
AUGUST 1, 2023
Highlights Issue Size – 179-189 mn shares Issue Open/Close – Aug 3/Aug 7, 2023 Price Band (Rs) 54-57 Issue Size- Rs 10.25 bn Face Value (Rs) 10 Lot Size (shares) 260 SBFC Finance Ltd. was Started in 2017 and it is a systemically important, non-deposit taking Non-Banking Finance Company (NBFC) that provides Secured MSME loans […] The post SBFC Finance Ltd IPO (Subscribe) appeared first on Fintoo Blog.
Gen Y Planning
AUGUST 1, 2023
Every day, you’re inundated with information. From social media to texts, phone calls, emails, and news alerts—it’s incredible how much information we process regularly. So when it comes to handling your finances, it’s natural to think that the information you hear repeatedly is the best advice to follow. Right? Well, not quite. Here are five pieces of popular personal finance advice we can almost guarantee you’ve heard before and why you shouldn’t necessarily take it.
NAIFA Advisor Today
AUGUST 1, 2023
Today is the day it all begins. Every August, Congress recesses, allowing Senators and Representatives to spend a few weeks working from their home states and districts. Things slow to a crawl in our nation’s capital but they really heat up in Congressional districts across the country. It’s an opportunity NAIFA does not pass up.
Advisor Perspectives
AUGUST 1, 2023
Advisors and investors wonder what role annuities should play in retirement planning. Here are the pros and cons of a common annuity product versus consuming out of invested wealth.
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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.
NAIFA Advisor Today
AUGUST 1, 2023
In the rapidly evolving health insurance sales landscape, efficient process management poses significant challenges for Field Marketing Organizations (FMOs) and Brokerage General Agencies (BGAs). Enrollment, quoting, customer management and engagement, and commissions are handled by disparate platforms that lack communication and may not be tailored to the industry's specific needs.
Wealth Management
AUGUST 1, 2023
John Woods already pleaded guilty to federal charges that he raised more than $110 million in a Ponzi scheme. Plaintiffs in a suit against Oppenheimer & Co. claim the firm failed to protect his clients.
Calculated Risk
AUGUST 1, 2023
Today, in the Calculated Risk Real Estate Newsletter: Asking Rents Negative Year-over-year A brief excerpt: Tracking rents is important for understanding the dynamics of the housing market. For example, the sharp increase in rents helped me deduce that there was a surge in household formation in 2021 (See from September 2021: Household Formation Drives Housing Demand ).
Wealth Management
AUGUST 1, 2023
Burney Company, a Virginia-based RIA with $2.4 billion in assets, has added Goldman Sachs Advisor Solutions’ custodial service to expand access to alternative investments.
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.
The Irrelevant Investor
AUGUST 1, 2023
“The fed is punishing savers.” For years after the Great Financial Crisis, our central bankers made the collective decision to keep interest rates at zero. This “forced” people out on the risk curve. See, if you were used to getting a positive real yield on your fixed income, and then that income all but disappears, you’re going to change your mix of stocks, bonds, and cash.
Wealth Management
AUGUST 1, 2023
All of CI Private Wealth's offices will now operate as Corient, the brand of one of its acquired firms. CI wants to integrate all of its acquisitions into one RIA.
Alpha Architect
AUGUST 1, 2023
Full exposure to domestic equities. Full exposure to international equities. Partial exposure to REITs. Partial exposure to commodities. No exposure to intermediate-term bonds. DIY Trend-Following Allocations: August 2023 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Wealth Management
AUGUST 1, 2023
By making the right capital improvements, property managers can increase the value of their properties and create a more attractive environment for tenants.
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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.
Million Dollar Round Table (MDRT)
AUGUST 1, 2023
By Bryce Sanders Making friends within the high-net-worth (HNW) community isn’t as easy as making friends at the school playground. It gets more complex as we get older, but it’s not impossible. You need to learn to play by their rules though. Before we look at the unwritten rules, be aware that everyone in sales considers everyone with money a potential prospect.
Wealth Management
AUGUST 1, 2023
A large body of evidence demonstrates that market forecasts from 'gurus' have no value in terms of adding alpha.
A Wealth of Common Sense
AUGUST 1, 2023
As a way to introduce the concept of investing to my kids, I started buying them shares of companies they would know and understand. One of those companies is Disney. They love all of the movies, the soundtracks, the characters, watching Disney Plus and of course the most magical place on earth – Disney World. Well kids, here’s a lesson for you about stock-picking: Since late-2021, shares of Disney are down m.
Wealth Management
AUGUST 1, 2023
The majority investment will be used to launch an equity ownership program and beef up RFG’s talent across multiple functions.
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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!
The Irrelevant Investor
AUGUST 1, 2023
Today’s Animal Spirits is brought to you by Future Proof: Register here On today’s show, we discuss: All major asset classes now posting gains YTD Birth, death, and wealth creation Everyday investors are thriving in a world awash in yield What Fed hikes? Much of America’s consumer debt is still riding ultralow interest rates Unemployment rate at or near record lows in half of US States FreddieMac hous.
Wealth Management
AUGUST 1, 2023
The ICE risk matching auction, which matches buyers and sellers of the same corporate bond or list of bonds to determine the best price for the transaction, was reworked and went live in recent months after years of being dormant.
Trade Brains
AUGUST 1, 2023
Best Positional Trading Strategies: In the fast-paced world, trading can be tough for people with full-time jobs. It often demands constant monitoring, which can be challenging. Luckily, positional trading can be a solution for such people. This approach requires less frequent checking, making it a more feasible option for those who need to balance work and trading.
Wealth Management
AUGUST 1, 2023
About 6.4 million borrowers, including some who left school during the pause, still lack a repayment plan.
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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.
Calculated Risk
AUGUST 1, 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 July. This report is for private payrolls only (no government). The consensus is for 185,000 payroll jobs added in July, down from 497,000 in June. • At 10:00 AM, the Q2 2023 Housing Vacancies and Homeownership from the Census Bureau.
Wealth Management
AUGUST 1, 2023
HNWIs are also showing some interest in newer property segments, such as data centers and SFRs.
Calculated Risk
AUGUST 1, 2023
Wards Auto released their estimate of light vehicle sales for July: U.S. Light-Vehicle Sales Post 11th Straight Increase in July (pay site). Assuming no shocks to the economy, sales appear easily on their way to reaching the 15.4 million units forecast for the year. Battery-electric-vehicle deliveries increased 51% year-over-year, accounting for a record-high 7.5% of the market.
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