Nerd's Eye View

JANUARY 10, 2024

In initial discovery meetings, financial advisors face the challenge of eliciting specific goals from new clients – a crucial step for crafting a comprehensive financial plan. Asking direct queries may elicit vague responses like "I want to be on track for retirement", which tends to lack the detail needed to plan effectively and spark the client's motivation to actually accomplish those goals.

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Clients Financial Advisor Financial Planning Retirement 211

Abnormal Returns

JANUARY 10, 2024

Podcasts Barry Ritholtz talks with Michael Mauboussin about why it is so hard to buck the crowd. (ritholtz.com) Claer Barrett talks with Morgan Housel about his book "Same As Ever." (ft.com) Jim O'Shaughnessy talks with Jared Dillian about his new book "No Worries: How To Live a Stress-free Financial Life." (infiniteloopspodcast.com) Khe Hy talks with Manisha Thakor about separating your self-worth from your net-worth.

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Investing Investments Financial Planning Retirement 196

Wealth Management

JANUARY 10, 2024

Greg Wilson, currently the head of Workplace Advisory Solutions for Goldman Sachs Ayco, will serve as head of retirement within Goldman Sachs’ Asset & Wealth Management division.

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Retirement Wealth Management Assets Management 111

Abnormal Returns

JANUARY 10, 2024

Markets Anything can happen in the stock market over the short run. (awealthofcommonsense.com) The 60/40 portfolio had a big comeback in 2023. (morningstar.com) Bond investor sentiment has turned. (entrylevel.topdowncharts.com) Strategy 12 lessons the markets taught investors in 2023 including 'Valuations cannot be used to time markets.' (morningstar.com) 10 ideas from 2023 that stuck including 'Keep it simple in investing when everyone knows everything.

Financial Advising 167

Financial Advising Valuation Banking Media 167

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.

Accounting

Calculated Risk

JANUARY 10, 2024

Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2024. Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I’ll post thoughts on those in the newsletter (others like GDP and employment will be on this blog). I'm adding some thoughts, and maybe some predictions for each question. 2) Employment: Through November 2023, the economy added 2.6 million jobs in 2023.

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Economy Manufacturing Economics Sales 110

Advisor Perspectives

JANUARY 10, 2024

Blackstone Inc.’s private equity fund for wealthy individuals is a harbinger of two trends that many expect will transform investment management in the next decade.

Management 97

Management Investing Investments 97

Wealth Management

JANUARY 10, 2024

Ending last year on a high note, the self-styled ‘home for hybrids’ reached $9.5 billion in assets and launched an acquisition-focused OSJ model.

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Assets Recruitment 106

Random Roger's Retirement Planning

JANUARY 10, 2024

Every now and then we talk about expat living as part of a retirement plan, usually the context is an underfunded retirement plan. There are many countries where the cost of living ranges from somewhat less expensive than the US to dramatically cheaper. One popular country in expat living circles is Ecuador. We've talked about here as well. It seems like Cuenca is one of the more popular destinations in Ecuador.

Retirement Planning 91

Retirement Planning Portfolio Retirement Planning 91

A Wealth of Common Sense

JANUARY 10, 2024

Today’s Animal Spirits is brought to you by Future Proof: See here to register for Future Proof in September 2024! We are hiring! See here for opportunities On today’s show, we discuss: Might we, in fact, gotta hand it to Cathie Wood? Offices around America hit a new vacancy record US office buildings face $117B debt time bomb: Mortgages due this year threaten to sink US economy as thousands of workplace.

Economy 86

Economy 86

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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

JANUARY 10, 2024

Rates are heading down, volatility will increase and there is a 75% chance of a recession in 2024, according to Jeffrey Gundlach.

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Wealth Management

JANUARY 10, 2024

AdvisorShares' Noah Hamman provides a wealth of insight into the growing popularity of active ETFs.

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Advisor Perspectives

JANUARY 10, 2024

The turmoil in the bond market over the past three years has been dramatic. The yield on the benchmark 10-year Treasury has risen approximately 360 basis points since the beginning of 2021, and it nearly hit 5% in late October. That has caused investors to question the value and role of a fixed-income allocation within portfolios. But two nagging uncertainties – the Fed and inflation – should be less of a problem as we enter 2024.

Clients 72

Clients Portfolio Marketing Marketing 72

Wealth Management

JANUARY 10, 2024

To what extent can a trustee allow for beneficiaries’ wishes and still retain settlor intent?

Investing 110

Investing Investments 110

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

Advisor Perspectives

JANUARY 10, 2024

In the quest for happiness for ourselves and our clients, we pursue self-improvement, personal achievements, and the accumulation of material possessions. But what if this emphasis impairs our ability to find it?

Clients 69

Clients 69

Wealth Management

JANUARY 10, 2024

Sold as a tax play, it’s more about the policy and the agent.

Insurance 113

Insurance Retirement Investing Investments 113

Advisor Perspectives

JANUARY 10, 2024

In this piece we compare two ways to take advantage of the USD’s richness versus emerging market currencies: EM equities and EM local currency debt. We believe that for relative value, diversification, and potential alpha reasons, EM local currency debt deserves a prominent place in portfolios today.

Portfolio 69

Portfolio Marketing Marketing 69

Calculated Risk

JANUARY 10, 2024

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 215 thousand, up from 202 thousand. • Also at 8:30 AM, The Consumer Price Index for December from the BLS. The consensus is for 0.2% increase in CPI, and a 0.3% increase in core CPI.

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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

Wealth Management

JANUARY 10, 2024

What advisors can learn from hot water heaters.

Clients 113

Clients 113

Calculated Risk

JANUARY 10, 2024

From Dodge Data Analytics: Dodge Momentum Index Improves 3% in December The Dodge Momentum Index (DMI), issued by Dodge Construction Network (DCN), rose 3% in December to 186.6 (2000=100) from the revised November reading of 181.5. Over the month, commercial planning grew 1.0% and institutional planning improved 6.1%. “ The Momentum Index ended the year 11% below the November 2022 peak , ultimately stabilizing as the year progressed.

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Planning Economics 63

Advisor Perspectives

JANUARY 10, 2024

How do you make your marketing, something that’s blasted out to the public, feel personal enough to entice individual leads based on their specific needs?

Marketing 64

Marketing Marketing 64

Calculated Risk

JANUARY 10, 2024

Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-January 2024 A brief excerpt: This 2-part overview for mid-January provides a snapshot of the current housing market. This includes sales, house prices, inventory, mortgage rates, rents and more. I always like to start with inventory, since inventory usually tells the tale !

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Marketing Marketing Numbers Sales 61

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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!

Accounting

Advisor Perspectives

JANUARY 10, 2024

Today's popular narrative is a growing consensus for the Fed to engineer a soft landing and a “Goldilocks” economy.

Engineering 72

Engineering Economy 72

Calculated Risk

JANUARY 10, 2024

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 9.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 5, 2024. The results include an adjustment to account for the New Year’s holiday. The Market Composite Index, a measure of mortgage loan application volume, increased 9.9 percent on a seasonally adjusted basis from one week earlier.

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Government Accounting Marketing Marketing 61

Wealth Management

JANUARY 10, 2024

IRS changes its position in CCA 202352018.

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Trade Brains

JANUARY 10, 2024

Barbeque Nation : The share of the most prominent casual dining restaurant, Barbeque-Nation Hospitality Limited, has lost 31.5% over the last year. The company got listed amidst COVID around 2021, and it has not been an easy sail for the last two years. But the interesting thing is that the institutional investors have raised their stake in this company from 34% in March 2022 to around 50% in June 2022.

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Food Sales Distribution Portfolio 59

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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

Advisor Perspectives

JANUARY 10, 2024

The 60/40 portfolio has long been the foundation of portfolio construction. But over the past two years, this portfolio strategy has broken down. The 60/40 portfolio faces several challenges. To understand what might lie ahead, investors need to assess both recent inflationary forces and historic trends.

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Portfolio Investing Investments 59

Trade Brains

JANUARY 10, 2024

Berger Paints Vs Indigo Paints: India is a nation witnessing rapid development, marked by a continuous surge in infrastructure and home construction. Regardless of the project’s complexity, its essence remains incomplete without the transformative touch of paint. Two such companies that work in this sector are Berger Paints and Indigo Paints. In this article, we shall conduct a detailed comparison of Berger Paints Vs Indigo Paints and find out which of the two companies has a better outloo

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Planning Manufacturing Retail Portfolio 59

Wealth Management

JANUARY 10, 2024

New (as well as old) issues arising after death.

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