The Big Picture
DECEMBER 12, 2022
My back-to-work morning train WFH reads: • The sneaky economics of Ticketmaster : Ticketmaster’s maligned fees and customer service issues are again under the microscope. Will American music fans ever see anything better? ( The Hustle ). • What Is the Bond Market Saying About the Economy? The bond market is known for being much smarter than the stock market but we don’t have to go back very far to find a time when it was wrong.
Nerd's Eye View
DECEMBER 12, 2022
Financial advisors have had to navigate many challenges in 2022, from an inflationary environment, the likes of which we have not experienced in decades, to weak stock and bond market performance. Here at Kitces.com, we have sought to provide advisors with the insights and education they need to help their clients (and their firms) navigate these uncertain conditions, from blog posts and podcasts on these trending topics to the continued expansion of our Kitces Courses and our popular monthly Of
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The Big Picture
DECEMBER 12, 2022
In this week’s podcast, I chatted with Kathleen McCarthy , Global co-head of Blackstone Real Estate. 1 We recorded this on November 30 th , before all the news broke on the BREIT liquidity gates. But I am very familiar with the product. RWM is a discretionary RIA, which primarily invests in stocks and bonds via ETFs, Mutual Funds, and Direct Indexing.
Mish Talk
DECEMBER 12, 2022
Question of the Day I am a merchant. At long last I decide to accept Bitcoin for whatever I am selling. Does that matter to the price of Bitcoin? When and How? Two Cases As the merchant, I hold Bitcoin received for my goods or services. As the merchant, I trade Bitcoin for dollars, yen, Euros, or something else. Case number one is price neutral to Bitcoin.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Abnormal Returns
DECEMBER 12, 2022
Podcasts Daniel Crosby talks with Alex Murguia and Wade Pfau about insights into the four retirement income styles. (standarddeviationspod.com) Brendan Frazier talks with Jeremy Keil, advisor at Keil Financial Partners, about guiding client conversations. (wiredplanning.com) Custom indexing Just how big can direct indexing get? (advisorhub.com) How custom indexing differs from direct indexing.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
DECEMBER 12, 2022
Propmodo talks about the implications of the looming end of the bonus depreciation tax deduction. Institutional Investor looks at why preferred securities could have a big year in 2023. These are among today’s must reads from around the commercial real estate industry.
Advisor Perspectives
DECEMBER 12, 2022
The Labor Force Participation Rate (LFPR) is a simple computation: You take the Civilian Labor Force (people age 16 and over employed or seeking employment) and divide it by the Civilian Noninstitutional Population (those 16 and over not in the military and or committed to an institution).
NAIFA Advisor Today
DECEMBER 12, 2022
For Joshua O’Gara, CLU, ChFC, CFP , Owner and Founder of O'Gara Financial Group , entrepreneurship runs in the family. Both of his parents were small business owners and O’Gara inherited their drive. His entrepreneurial spirit—along with his college studies in economics and his desire to help people—made a career in insurance and financial services a perfect fit.
Wealth Management
DECEMBER 12, 2022
Trap Kloman, chief operating officer at Commonwealth Financial Network, highlights how bringing people together to share experiences makes a real difference.
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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
DECEMBER 12, 2022
With the pandemic, there was a surge in 2nd home buying. I'm looking at data for some second home markets - and I'm tracking those markets to see if there is an impact from lending changes, rising mortgage rates or the easing of the pandemic. This graph is for South Lake Tahoe since 2004 through November 2022, and shows inventory (blue), and the year-over-year (YoY) change in the median price (12-month average).
Norman Marks
DECEMBER 12, 2022
The Institute of Internal Auditing is in the process of updating its International Professional Practices Framework (IPPF), which includes the International Standards for the Professional Practice of Internal Auditing. It is necessary, as some in the profession need a kick. A friend recently told me: I connected with audit leaders at peer organizations (other mid […].
Wealth Management
DECEMBER 12, 2022
Latest research from WMIQ and Pershing highlights how financial advisory firms are building teams to meet their own expectations for growth in 2023, despite the economic and market head winds.
Clever Girl Finance
DECEMBER 12, 2022
Are you trying to figure out how to make money without a job? Or maybe you’re tired of your 9-to-5 job and yearn to do something else with your life. Thankfully, the 9-to-5 job is on its way out because you don’t need to work a boring desk job to make a living anymore! And even if you do have a full-time job, there are plenty of side hustles that can help you earn some extra cash to use towards paying off your debt and bulking up your savings accounts.
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.
Wealth Management
DECEMBER 12, 2022
Diana Britton, managing editor of WealthManagement.com, asks a variety of experts about what advisors can do to increase their business trajectory.
Calculated Risk
DECEMBER 12, 2022
These indicators are mostly for travel and entertainment. It was interesting to watch these sectors recover as the pandemic impact subsided. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. This data is as of December 11th. Click on graph for larger image. This data shows the 7-day average of daily total traveler throughput from the TSA for 2019 (Light Blue), 2020 (Black), 2021 (Blue) and 2022 (Red).
Wealth Management
DECEMBER 12, 2022
Prologis executives are forecasting a significant drop in U.S. warehouse development. GlobeSt.com looks at the best cities for women in commercial real estate professions. These are among today’s must reads from around the commercial real estate industry.
Good Financial Cents
DECEMBER 12, 2022
M1 Finance is a personal finance company that offers a variety of financial services, including investment management, portfolio analysis, and stock trading. The company is headquartered in Chicago, Illinois, and was founded in 2015. If you read more about them in our M1 Finance review you’ll clearly see they are a top notch online broker that offers a wide array of investing and banking services and products to their clients.
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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
DECEMBER 12, 2022
Higher interest rates have created a bid-ask gap between student housing buyers and sellers, shutting down sales activity in the market.
XY Planning Network
DECEMBER 12, 2022
8 MIN READ. No matter how long I work with fee-for-service planners, I find they dread fee increases. Especially now with inflation and the market, it can feel daunting. So let me give you friendly permission: if you are not using a percentage of assets fee structure, you need to reassess your fees every year or so. As your business grows, your firm is likely to be your biggest personal asset - or one of your most valuable assets.
eMoney Advisor
DECEMBER 12, 2022
Broadening the reach of your financial planning services is good for the health of your business, helps your advisors become more successful, and increases the likelihood that they continue to build their careers with your firm. However, scaling your advisors’ ability to provide those plans requires the right type of support, which will be unique to your firm’s size, goals, and focus.
Wealth Management
DECEMBER 12, 2022
Attention-getting meme stocks may provide investors with a thrill, but in the long run going viral has been a bad omen for future returns.
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Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!
Alpha Architect
DECEMBER 12, 2022
This paper investigates the effects of volatility scaling on factor portfolio performance and factor timing. Volatility scaling is useful for factor timing was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Wealth Management
DECEMBER 12, 2022
According to recent CAIS survey, private wealth allocation to new asset classes set to take off over next two years.
A Wealth of Common Sense
DECEMBER 12, 2022
Today’s Talk Your Book is brought to you by Helios: See here to learn more about utilizing Helios’ insourced CIO and other tailored tools for advisors On today’s show, we are joined by Joe Mallen, CIO of Helios to discuss Helios’ offerings for advisors. On today’s show we discuss: What Helios does Typical Helios clientele The growth of model portfolios Insourced vs outsourced CIOs How advisors are.
Wealth Management
DECEMBER 12, 2022
The merger represents Hightower’s seventh deal this year and third merger it has facilitated between firms.
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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
DECEMBER 12, 2022
There’s a lot of chatter out there about recession…
Wealth Management
DECEMBER 12, 2022
Many colleges’ acceptance rates can vary significantly by academic major.
Cornerstone Financial Advisory
DECEMBER 12, 2022
Weekly Market Insights: Stocks Slide On Recession Concerns. Presented by Cornerstone Financial Advisory, LLC. Recession fears and concerns that the Fed may consider a longer rate-hike cycle sent stocks lower for the week. The Dow Jones Industrial Average dropped 2.77%, while the Standard & Poor’s 500 fell 3.37%. The Nasdaq Composite index lost 3.99% for the week.
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