Abnormal Returns
FEBRUARY 21, 2024
Markets The list of Europe's biggest stocks are filled with pharma companies. (euronews.com) Hedge funds have been underweight the Magnificent Seven. (ft.com) Strategy Certainty sells. Nuance is what matters. (downtownjoshbrown.com) Don't invest in alternatives unless you are in it for the long run. (morningstar.com) Private equity Private equity distributions are way off their highs.
Nerd's Eye View
FEBRUARY 21, 2024
In 2021, Congress passed the Corporate Transparency Act, which, for the first time, required small business entities such as LLCs and corporations to report identifying information on their "beneficial owners" (i.e., those who own at least 25% of, or who otherwise exercise substantial control over the business). The law's provisions became effective on January 1, 2024, and so many small businesses – including a good number of RIA firms – will be required to submit a Beneficial Owners
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Abnormal Returns
FEBRUARY 21, 2024
Podcasts Barry Ritholtz talks with Jeffrey Hirsch about how the stock market performs during war. (ritholtz.com) Khe Hy talks with Kyla Scanlon about lessons learned from the attention economy. (open.spotify.com) Thomas Kopelman and Jacob Turner discuss some common personal finance misconceptions. (podcasts.apple.com) Chris Williamson talks the laws of human psychology with Morgan Housel.
The Big Picture
FEBRUARY 21, 2024
At the Money: David Dunning professor of psychology at the University of Michigan (January 10, 2024) How well do you understand yourself? For investors, it is an important question. We’re co-conspirators in self-deception and this prevents us from having accurate self-knowledge. This does not lead to good results in the markets. Full transcript below. ~~~ About this week’s guest: David Dunning is a professor of psychology at the University of Michigan.
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.
Calculated Risk
FEBRUARY 21, 2024
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: AIA/Deltek Architecture Billings Index Reports Sluggish Conditions to Start 2024 rchitecture firm billings remained soft entering into 2024, with an AIA/Deltek Architecture Billings Index (ABI) score of 46.2 in January. Any score below 50.0 indicates decreasing business conditions. “ This now marks the lengthiest period of declining billings since 2010 , although it is reassuring that
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Advisor Perspectives
FEBRUARY 21, 2024
None of the Magnificent Seven companies existed in the heyday of the Nifty Fifty, but a unique valuation and narrative thread aligns the companies.
Wealth Management
FEBRUARY 21, 2024
Open, honest and candid discussion on a DC year-end results, Pontera's deal with Captrust, Michael Kitces on the DOL rule, EBSA recoveries and the awakening of plan sponsors.
Calculated Risk
FEBRUARY 21, 2024
From the Fed: Minutes of the Federal Open Market Committee, January 30–31, 2024. Excerpt: In discussing risk-management considerations that could bear on the policy outlook, participants remarked that while the risks to achieving the Committee's employment and inflation goals were moving into better balance, they remained highly attentive to inflation risks.
Wealth Management
FEBRUARY 21, 2024
Currently with another RIA in San Diego, filings indicate Blue Sky Capital Consultants Group intends to offer asset-based, fixed-fee and hourly services.
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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.
Calculated Risk
FEBRUARY 21, 2024
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 10.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 16, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 10.6 percent on a seasonally adjusted basis from one week earlier.
Wealth Management
FEBRUARY 21, 2024
The Advisor Sentiment Index, relaunched in January, suggests financial advisors are much more optimistic about the state of the stock market than they are about the broader economy—though most expect the economy to catch up over the next year.
A Wealth of Common Sense
FEBRUARY 21, 2024
Today’s Animal Spirits is brought to you by YCharts: See here for more information on YChart’s Advisor Pulse newsletter On today’s show, we discuss: Why Americans suddenly stopped hanging out Pods, passive flows, and punters What’s driving the stock market returns? Why not 100% equity? These teenagers know more about investing than you do Young adults are getting used to living on a financial.
Wealth Management
FEBRUARY 21, 2024
A North Carolina advisor is moving to LPL from Osaic and SagePoint Financial. His team is the second one to make the same move this month.
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.
Advisor Perspectives
FEBRUARY 21, 2024
The $1.4 trillion US junk-bond market is getting junkier, as more debt gets either downgraded or elevated out of the high-yield universe altogether, leaving greater potential risks for investors.
Wealth Management
FEBRUARY 21, 2024
Kitces discusses the 2023 Advisor Wellbeing Study and the factors contributing to advisors’ happiness.
Random Roger's Retirement Planning
FEBRUARY 21, 2024
First a followup to yesterday's post about return stacking and the notion of the free 10% that Corey isolated in his blog post. Underpinning what ReturnStacked ETFs are trying to offer is a way to add alternative strategies to a portfolio without having to shave off a little equity or bond exposure or shave off exposure to both in order to make room for whatever alt someone might want to add.
Wealth Management
FEBRUARY 21, 2024
Former Nitrogen CEO Aaron Klein has joined the advisor technology consultancy Ezra Group as an executive in residence.
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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.
Advisor Perspectives
FEBRUARY 21, 2024
Bitcoin's price broke past $52,000 this past week for the first time since December 2021. BTC is currently up ~18% year to date. Here's the latest charts on three of the largest cryptocurrencies by market share through 2/20/24.
Wealth Management
FEBRUARY 21, 2024
The intellectual case for getting rid of tax-advantaged retirement plans is strong, and the political case is catching up.
Advisor Perspectives
FEBRUARY 21, 2024
Marketing is about people, and there are three categories of people that you are likely pushing away on a professional basis due to lack of perceived prospect value.
Wealth Management
FEBRUARY 21, 2024
Taxpayer’s “quiet disclosures” corrected her delinquent foreign bank and financial account reports.
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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!
Calculated Risk
FEBRUARY 21, 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 initial claims, up from 212 thousand last week. • Also at 8:30 AM, Chicago Fed National Activity Index for January. This is a composite index of other data. • At 10:00 AM, Existing Home Sales for January from the National Association of Realtors (NAR).
Wealth Management
FEBRUARY 21, 2024
Practical action steps you might take to address the Corporate Transparency Act.
Advisor Perspectives
FEBRUARY 21, 2024
Nvidia Corp.’s market-leading advance has left even the bulls questioning if an earnings beat will be enough to propel the AI chipmaker’s shares higher.
Wealth Management
FEBRUARY 21, 2024
Three real-world examples of succession planning advisors can learn from.
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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.
NAIFA Advisor Today
FEBRUARY 21, 2024
Join us on Tuesday, March 5, 2024, from 12:00 pm to 1:00 pm Eastern for a webinar on the evolving needs of aging clients in the financial industry. This session is vital for financial professionals who are navigating the complexities of managing assets for clients facing aging-related challenges. From unexpected caregiving roles to dementia and the necessity of leaving the workforce to care for loved ones, these issues significantly impact assets under management (AUM).
Wealth Management
FEBRUARY 21, 2024
The comment period on proposed regulations just closed.
Advisor Perspectives
FEBRUARY 21, 2024
Looking back, I believe the financial advisors who were most willing to adapt to changing times were generally more able to set themselves apart from the crowd and experienced a higher rate of success.
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