The Big Picture
OCTOBER 30, 2023
Buoyed by low interest rates for the last decade, many property markets have seen substantial price growth since 2010. Experts warned that real estate bubbles—in which the price of assets moved up far beyond their intrinsic value—were forming. The UBS Global Real Estate Bubble Index analyzes the real estate market of 25 major cities across the globe and assigns them a score between -0.5 to 2.0 to convey bubble risk.
Abnormal Returns
OCTOBER 30, 2023
Strategy There's nothing magic about asset allocation. (obliviousinvestor.com) Do stocks really become less risky over the long run? (morningstar.com) Companies Google ($GOOGL) is investing $2 billion in AI player Anthropic. (axios.com) Pharmaceutical companies are getting out to the consumer product business. (wsj.com) Fidelity has further marked down the value of their stake in Twitter.
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Nerd's Eye View
OCTOBER 30, 2023
After several years of turmoil caused by the pandemic, financial advisor conferences seem to have found a "new [post-pandemic] normal", with events once again growing (some already surpassing their pre-pandemic highs). But that's not to say that the conference landscape was not altered by the pandemic; instead, the pandemic appears to have served as a catalyst that accelerated trends that were already underway, such that financial advisor conferences today look substantively different than they
Abnormal Returns
OCTOBER 30, 2023
Podcasts Brendan Frazier talks with Jake Northrup of Experience Your Wealth about how he infuses the human side to help clients live their ideal life. (wiredplanning.com) Thomas Kopelman talks donor advised funds with Adam Nash of Daffy. (podcasts.apple.com) Michael Kitces talks with Sarah-Catherine Gutierrez, founder of Aptus Financial, about operating as a flat-fee advice-only firm.
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
OCTOBER 30, 2023
As promised, here is my presentation “ Navigating Financial Disasters ” from today at the Orlando Money Show… The post Presentation: Navigating Financial Disasters appeared first on The Big Picture.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Big Picture
OCTOBER 30, 2023
My what am I doing in Orlando morning plane reads: • It’s Time to Stop Crying About Bonds and Buy Them Instead : Treasuries have had one of their worst three-year stretches on record. Why it can’t get much worse. ( Barron’s ) • Is E.S.G. Falling Out of Favor? Chevron’s $53 billion bid for Hess may drive consolidation in the oil patch. Meanwhile, investors are pulling back from climate-focused investment products. ( New York Times ) see also Why the Right’s Bud Light Boycott Worked :
Wealth Management
OCTOBER 30, 2023
The White House unveiled a new plan aimed at incentivizing office-to-residential conversions. Caution has crept into the industrial market, where some big users of space are holding off on additional commitments, reports Bisnow. These are among the must reads from the real estate investment world to start the new week.
Investment Writing
OCTOBER 30, 2023
Can you spot what’s wrong in the image below? Please post your answer as a comment. Oops, someone didn’t proofread this survey carefully. I post these challenges to raise awareness of the importance of proofreading. The post MISTAKE MONDAY for October 30: Can YOU spot what’s wrong? appeared first on Susan Weiner Investment Writing.
Wealth Management
OCTOBER 30, 2023
Allworth’s outgoing CEO Scott Hanson discusses the future of the firm, the custodial landscape and why it was important to find a CEO who was not only well-liked, but who had experience creating value.
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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.
Advisor Perspectives
OCTOBER 30, 2023
Many entry-level jobs, especially those in education and social services, do not pay well enough for recent graduates to balance their student loan payments with rent and other expenses. This is where income-based repayment plans for student loans come in.
Cornerstone Financial Advisory
OCTOBER 30, 2023
Weekly Market Insights: Stocks Retreat On Cautious Earnings Reports Presented by Cornerstone Financial Advisory, LLC Amid a busy week of corporate earnings reports, stocks slumped on cautious earnings guidance, fears of higher interest rates, and growing anxiety over the increasing amount of Treasury bonds and notes coming to market. The Dow Jones Industrial Average dropped 1.88%, while the Standard & Poor’s 500 declined 3.29%.
Alpha Architect
OCTOBER 30, 2023
The relationship between financial markets and ESG investing is obscured by the lack of clarity regarding motivations for investing in ESG strategies. Is the motive to align the investor’s values with the ESG theme? Or is the ESG term a misnomer for a set of stocks that are systematically undervalued, for some reason as a function of its ESG characteristics?
Advisor Perspectives
OCTOBER 30, 2023
While getting your loans wiped out in one fell swoop can seem like a lifesaver, it may come with some negative financial implications. I cover what you need to know.
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.
XY Planning Network
OCTOBER 30, 2023
With the overwhelming amount of rulemaking taking place at the SEC, the operational impact of maintaining compliance, when taking into account the totality of the rules recently finalized and currently being proposed, is sure to be significant for most investment advisers going forward. Regardless of whether you are state-registered or registered with the SEC, it is a good practice to understand what the SEC is focused on and what is going on with new (and proposed) regulations.
Integrity Financial Planning
OCTOBER 30, 2023
Everyone’s financial situation is different. Loan status, job situation, and the age of your kids all significantly impact your financial situation as you approach retirement. When it comes to Social Security there are a lot of different factors to consider, and the right path forward may not be apparent to you. Just because someone else made a similar financial move that worked doesn’t mean it will work for you.
Advisor Perspectives
OCTOBER 30, 2023
The world is a cold, hard, mean place and you are going to suffer if you allow bullying comments from a tough prospect to derail you.
Norman Marks
OCTOBER 30, 2023
For years now, I have been preaching (sorry) about the need for internal auditors to cut out any activity that doesn’t create value for its customers in management and on the board. This is an essential element in the great discipline, originally used in manufacturing by Toyota, called Lean.
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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
OCTOBER 30, 2023
A turnover in ownership for a huge percentage of America’s farmland appears imminent.
Advisor Perspectives
OCTOBER 30, 2023
If you believe that an easy solution to improve lower-class standards of living is to raise the minimum wage, or you are curious about what university presidents spend their time on, Angus Deaton’s new book provide insightful answers to those and many more questions that, taken together, challenge the relevance of modern economics and the capitalism it supports.
Wealth Management
OCTOBER 30, 2023
A look at investment options for 401(k) plans beyond TDFs.
WiserAdvisor
OCTOBER 30, 2023
What do you do before you visit a doctor? Understand your condition, prepare for all the questions that the doctor would ask, ensure all your test reports and medical history documents are in order and so on. Preparation is a must even before you visit a financial advisor. 7 Things to do to prepare for your first financial advisor meeting List your assets and liabilities Outline your income and expenses Write down your goals Consider the needs of your family Understand your financial strengths
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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!
Advisor Perspectives
OCTOBER 30, 2023
I analyze the math of annuity income riders and how you pay the insurance company to draw down your own assets. It is highly unlikely the insurers will pay a dime, which makes those riders questionable.
Financial Symmetry
OCTOBER 30, 2023
There’s so much we can overlook with retirement plans. On this special Halloween-themed episode we’re sharing some retirement plan horror stories to avoid in your own wealth-building journey. Listen in to ensure that these horrors don’t ruin your retirement plans. Zombie … Continued The post Retirement Plan Horror Stories, Ep #202 appeared first on Financial Symmetry, Inc.
Advisor Perspectives
OCTOBER 30, 2023
Forging connections with beneficiaries sends the message that you not only safeguard the individual's interests but genuinely care about the long-term prosperity of their family. Here’s how this benefits your client and your firm – and how to do it effectively.
Calculated Risk
OCTOBER 30, 2023
A few excerpts from a note by Goldman Sachs economists Spencer Hill and Manuel Abecasis: 2024 Inflation Outlook: Approaching the Target "We are lowering our December 2024 core CPI forecast by two tenths to 2.7% year-on-year, and we continue to expect a significant decline in core PCE inflation from 3.7% currently to 2.4% in December 2024. We expect the backdrop of falling but above-target inflation to validate the Fed’s decision to hold the fed funds rate at its current level until 2024Q4.
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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.
Advisor Perspectives
OCTOBER 30, 2023
Five of the eight indexes on our world watch list posted gains through October 30, 2023. Tokyo's Nikkei 225 finished in the top spot with a YTD gain of 17.64%. The U.S.'s S&P 500 finished in second with a YTD gain of 8.96% while India's BSE SENSEX finished in third with a YTD gain of 4.60%.
A Wealth of Common Sense
OCTOBER 30, 2023
Today’s Talk Your Book is brought to you by KraneShares: Today we are joined by Brendan Ahern, CIO of Kraneshares to discuss their new Global Luxury Index ETF $KLXY On today’s show, we discuss: The creation of the Luxury ETF Luxury spending dynamics and recessions Getting exposure to China through European companies Demographic trends and the wealth effect Utilizing thematics in a portfolio Finding a better.
Calculated Risk
OCTOBER 30, 2023
From Matthew Graham at Mortgage News Daily: Mortgages Rates Just Barely Higher. Bigger Moves Are Likely Ahead Mortgage rates barely budged today. The average lender was just a hair higher compared to Friday's top tier conventional 30yr fixed rate offerings. The biggest risk (or opportunity) involves a cohesive message across multiple economic reports and events.
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