The Big Picture
JUNE 1, 2023
“Tight labor markets have raised concerns about the role of labor costs in persistently high inflation readings. Analysis shows that higher labor costs are passed along to customers in the form of higher nonhousing services prices, however the effect on overall inflation is very small. Labor-cost growth has no meaningful effect on goods or housing services inflation.
The Reformed Broker
JUNE 1, 2023
RWM is coming to Austin, TX June 12th-14th @Downtown with more detailsEmail us at info@ritholtzwealth.com subject line “Austin” to reserve a meeting slot! pic.twitter.com/9iSdG4HFf3 — Ritholtz Wealth (@RitholtzWealth) May 19, 2023 I’m headed out to Austin, Texas this June and bringing a whole bunch of my Ritholtz Wealth Management colleagues with me, including our financial planner in the area.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
The Big Picture
JUNE 1, 2023
Welcome to June! My morning WFH reads: • We Asked Workers Why They’re Not Coming Back to the Office : Terrible commutes. Expensive child care. Employees explain why they will keep working from home. ( Wall Street Journal ) • Why Are Food Prices So High in Europe? Throughout the European Union, consumer food prices were on average 17% higher in April than a year earlier — the fastest pace of growth in over two and a half decades.
Abnormal Returns
JUNE 1, 2023
Books An excerpt from "Anatomy of a Breakthrough: How to Get Unstuck When It Matters Most" by Adam Alter. (theatlantic.com) Five insights from "Paved Paradise: How Parking Explains the World" by Henry Grabar. (nextbigideaclub.com) David Marchese talks with Peter Attia, MD about his book “Outlive: The Science & Art of Longevity.” (nytimes.com) A Q&A with Theresa MacPhail author of "Allergic: Our Irritated Bodies in a Changing World.
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.
Nerd's Eye View
JUNE 1, 2023
While advancing a career in any industry can be challenging, the lack of formal career development programs offered in the workplace for associate advisors can make it particularly difficult for them to gain the experience they need to become lead financial advisors. And since managing the client relationship – a key responsibility for lead advisors – relies so heavily on nuanced ‘soft’ skills that are gained only through direct experience, finding ways to get hands-on ex
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Reformed Broker
JUNE 1, 2023
Final Trades: Amazon, Freeport-McMoRan & Boeing from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
Calculated Risk
JUNE 1, 2023
From the Census Bureau reported that overall construction spending increased: Construction spending during April 2023 was estimated at a seasonally adjusted annual rate of $1,908.4 billion, 1.2 percent above the revised March estimate of $1,885.0 billion. The April figure is 7.2 percent above the April 2022 estimate of $1,780.9 billion. emphasis added Both private and public spending increased: Spending on private construction was at a seasonally adjusted annual rate of $1,500.7 billion, 1.3 per
The Irrelevant Investor
JUNE 1, 2023
Today’s Compound and Friends is brought to you by Flourish: Thanks to Flourish for sponsoring this episode. Go to flourish.com to learn more about cash solutions for advisors. On today’s show, we discuss: Cathie Wood on NVDA stock ARKKs house view on AI and NVDA NVDA valuation updates ARKKs NVDA position since inception Big Tech’s biggest bets (or what it takes to build a billion-user platform) Company.
Wealth Management
JUNE 1, 2023
Mac Gardner, founder of FinLit Tech, is working to expand the co-ed MNY Fraternity to universities across the country, with the hope of bringing more diverse talent to the financial planning profession.
Advertisement
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
JUNE 1, 2023
The DOL reported : In the week ending May 27, the advance figure for seasonally adjusted initial claims was 232,000 , an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 229,000 to 230,000. The 4-week moving average was 229,500, a decrease of 2,500 from the previous week's revised average.
Wealth Management
JUNE 1, 2023
REITs are seeking higher share prices by stepping up mergers and acquisitions, reported Bisnow. Blackstone has brought its office holdings from 60% of its portfolion in 2007 down to 2% today, according to The Real Deal. These are among today’s must reads for real estate investors.
NAIFA Advisor Today
JUNE 1, 2023
NAIFA President Bryon Holz understands as well as anyone how annuity products can fit in holistic financial plans for many of his clients. They are the only product that can provide guaranteed income for life and are often the perfect complement to other planning products.
Wealth Management
JUNE 1, 2023
The co-founder of Gerber Kawasaki weighs in on everything from what it takes to build a $2.2 billion RIA and the power of freedom in the independent space, to crypto, digitization, ETFs and Elon Musk and Tesla.
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.
Diamond Consultants
JUNE 1, 2023
A still red-hot RIA M&A market has many employee advisors pondering what their business could be worth on the open market. Here are 3 valuation scenarios to address that curiosity. Focus Financial Partners, the largest investor in the independent space, is being taken private at a $7B valuation. Prolific RIA acquirer CI Financial recently monetized a stake in their business at a $5B valuation.
Wealth Management
JUNE 1, 2023
Key factors driving the global growth in demand for professional property managers are increasing urbanization, real estate market expansion and technological advancements.
Advisor Perspectives
JUNE 1, 2023
Ross Perot Jr., whose family is one of the largest independent property developers in the country, warned of a looming real estate recession if banks don’t start lending again.
Wealth Management
JUNE 1, 2023
The survey by the FPA's Journal of Financial Planning found more than half of advisors recommend clients allocate to funds with access to alternative investments. Almost 25% allocate to PE funds, twice the number from four years ago.
Advertisement
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.
A Wealth of Common Sense
JUNE 1, 2023
A reader asks: When we read articles about “How much you should have saved by age X”, should it not be “How much income you will be earning with savings Y”? Here’s my scenario: Mid 30s, worked at a public University for 11 years and left to take a job in the private sector. I have a pension at the University with a guaranteed fixed income and just starting a new 401(K).
Wealth Management
JUNE 1, 2023
Also, Orion Client Portal now connects To Redtail, Clearwater Analytics and J.P. Morgan Asset Management integrate platforms and retirement technology platform Smart acquires ProManage.
Calculated Risk
JUNE 1, 2023
From the National Center for Health Statistics: Births: Provisional Data for 2022. The NCHS reports: The provisional number of births for the United States in 2022 was 3,661,220, a nonsignificant decline from 2021. The general fertility rate was 56.1 births per 1,000 women aged 15–44, down less than 1% from 2021. The total fertility rate was 1,665.0 births per 1,000 women in 2022, essentially unchanged from 2021.
Wealth Management
JUNE 1, 2023
"It's a bull market for advice" and more key themes discussed at RIA Edge, part of the Wealth Management EDGE conference.
Advertisement
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!
Million Dollar Round Table (MDRT)
JUNE 1, 2023
By Alessandro M. Forte, FCII, CFP When looking to build relationships with new clients, most advisers make a fundamental mistake: They inadvertently put their prospect in control of the process by adopting an approach that suggests they need their client more than their client needs them, which usually leads to the prospect wanting to think about it or needing multiple meetings.
Wealth Management
JUNE 1, 2023
Investors in proptech companies are much more focused on value proposition and return on investment than they were before.
eMoney Advisor
JUNE 1, 2023
A prospect discovery meeting is an essential step for financial advisors to get to know their prospective clients, understand their needs, and recommend their planning services accordingly. Holding a productive discovery meeting is a balancing act—you want to quickly understand your client’s needs, but you also need to take the time to build an atmosphere of trust.
Wealth Management
JUNE 1, 2023
The ninth annual WealthManagement.com Industry Awards ceremony will be held in New York City on Sept. 7.
Advertisement
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
JUNE 1, 2023
The ADP employment report showed that 278K nonfarm private jobs were added in May, a slow down from the 291K jobs added last month. The latest figure is well above the forecast of 170K new private jobs.
Wealth Management
JUNE 1, 2023
Main themes discussed at WealthStack, Inside ETFs and the main stage of the conference.
MarketWatch
JUNE 1, 2023
Constellation Energy Corp. CEG said Thursday it agreed to pay $1.75 billion for 44% ownership of the South Texas Project Electric Generating Station near Houston. The seller is NRG Energy Inc. NRG. Constellation said the 2.645 megawatt, duel-nuclear power station has the potential to run for at least 46 more years. “We look forward to working with the South Texas Project’s other owners to continue bringing clean, reliable electricity to this growing region for decades to come,” said Constellatio
Expert insights. Personalized for you.
306 
Let's personalize your content