The Big Picture

AUGUST 31, 2023

The Fed’s favored inflation report was a 2.1% annualized (3 months through July) and 3.3% year-over-year. Here is BEA: Personal income increased $45.0 billion (0.2 percent at a monthly rate) in July, according to estimates released today by the Bureau of Economic Analysis (table 3 and table 5). Disposable personal income (DPI), personal income less personal current taxes, increased $7.3 billion (less than 0.1 percent) and personal consumption expenditures (PCE) increased $144.6 billio

Food 258

Food Taxes Economics 258

Abnormal Returns

AUGUST 31, 2023

Books A Q&A with Gloria Mark, author of "Attention Span: A Groundbreaking Way to Restore Balance, Happiness and Productivity." (annieduke.substack.com) A Q&A with Sara Petersen author of "Momfluenced: Inside the Maddening, Picture-Perfect World of Mommy Influencer Culture." (annehelen.substack.com) Technology It's easy to miss the story of exponential technological change.

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The Big Picture

AUGUST 31, 2023

My end of August, morning train WFH reads: • Money Is Pouring Into AI. Skeptics Say It’s a ‘Grift Shift.’ The move from crypto to artificial intelligence has fueled the markets this year, but some are questioning how much of it is real. ( Institutional Investor ) • What to Do With a 45-Story Skyscraper and No Tenants : HSBC’s plan to leave its Canary Wharf tower for a smaller site shows the global challenges ahead in repurposing unwanted office space for a post-pandemic world. ( Citylab ) see al

Strategic Planning 246

Strategic Planning Economics Valuation Consulting 246

Abnormal Returns

AUGUST 31, 2023

Strategy Some neglected aspects of investing including 'The influence of luck in outcomes.' (investmenttalk.co) The story of a top investor's mistake holding a stock too long. (morningstar.com) Banks How is the integration of First Republic going for JP Morgan Chase ($JPM)? (theinformation.com) More capital would not have saved SVB. (ft.com) Finance A handful of big IPOs are queued up after Labor Day including Instacart, Arm Holdings and Klayvio.

Financial Advising 233

Financial Advising Media Economy Banking 233

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

The Reformed Broker

AUGUST 31, 2023

Arista Networks upgraded to a buy from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Advisor Perspectives

AUGUST 31, 2023

In the week ending August 26, seasonally adjusted initial jobless claims fell for a third consecutive week to 228,000. Initial claims decreased by 4,000 from the previous week's revised figure and came in below the forecast of 235,000.

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Wealth Management

AUGUST 31, 2023

A policy that performs justifies the premium costs and liquidity constraints. Unfortunately, it's all too common for life insurance to use and hold value that's better deployed elsewhere.

Clients 114

Clients Insurance 114

David Nelson

AUGUST 31, 2023

By David Nelson, CFA Traveler’s usually follow in the footsteps of those who have successfully navigated the journey before them. Even Dorothy along with a few friends and her trusty dog Toto had the Yellow Brick Road. Investors are no different. We stick to the path as long as we can but have to be prepared to alter course when the weather turns.

Engineering 111

Engineering Economy Economics Banking 111

Wealth Management

AUGUST 31, 2023

F2 Strategy's co-founder and CEO provides his take on the most important wealth management technology news of the last month.

Wealth Management 130

Wealth Management Management 130

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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

Calculated Risk

AUGUST 31, 2023

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from Hannah Jones: Weekly Housing Trends View — Data Week Ending Aug 26, 2023 • Active inventory declined, with for-sale homes lagging behind year ago levels by 5.9%. This past week marked the 10th consecutive decline in the number of homes actively for sale compared to the prior year, however the gap narrowed for the fourth week in a row. • New listings–a measure of sellers putting homes up for sale

Sales 110

Sales Numbers Marketing Marketing 110

Wealth Management

AUGUST 31, 2023

Some companies that reduced their office space are now going back and signing new leases, reports Bisnow. U.S. non-life insurers are positioned to withstand any difficulties in their mortgage portfolios, according to Fitch Ratings. These are among the must reads from around the real estate investment world to end the week.

Insurance 110

Insurance Portfolio Investing Investments 110

Advisor Perspectives

AUGUST 31, 2023

Fears of inflation arise, in part, from the fact that its sources seem mysterious and uncontrollable while it extracts immediate, adverse effects on essentially all people’s lives and household budgets.

Government 98

Government Budgeting 98

Integrity Financial Planning

AUGUST 31, 2023

The history of financial tools is a fascinating topic that takes us back to the earliest civilizations. It reveals a remarkable continuity in financial technology across cultures and epochs, highlighting the importance of these systems in societal development and economic growth. The earliest records of financial tools can be traced back to ancient Mesopotamia, where clay tablets inscribed with cuneiform script were used as ledgers.

Banking 97

Banking Financial Planning Accounting Portfolio 97

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

A Wealth of Common Sense

AUGUST 31, 2023

Jonathan Novy, one of our advisors and insurance experts at Ritholtz Wealth, joined me this week to discuss questions about emergency funds, investing when you don’t have a 401k, annuity yields and long-term care insurance. Further Reading: Why I’m More Worried About the Bond Market Than the Stock Market 1The same is true of CDs. I looked at 5 year CD yields at Marcus today.

Insurance 98

Insurance Investing Investments Marketing 98

Wealth Management

AUGUST 31, 2023

Two private equity players take Focus private in an all-cash deal; the firm’s stock has ceased trading on the NASDAQ.

Sales 117

Sales 117

Million Dollar Round Table (MDRT)

AUGUST 31, 2023

By Antoinette Tuscano, MDRT Content Specialist Million Dollar Round Table members’ careers — and sometimes their lives — change because of friends they meet through the organization or speakers they see at events such as the MDRT Annual Meeting. One life-changing speaker was the late Jim Rohn, who went from being broke to a millionaire in a few years and went on to mentor people such as life coach Tony Robbins.

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Wealth Management

AUGUST 31, 2023

Greater education around alternatives and the need for diversified assets have boosted use — and there is still room to grow.

Portfolio 111

Portfolio Clients Education Investing 111

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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

WiserAdvisor

AUGUST 31, 2023

Financial advisors play a crucial role in assisting you before your retire. They can assess your financial situation, long-term goals, risk tolerance, and investment preferences to create personalized strategies. They can also help you optimize your savings and investment plans, ensuring that you maximize your earning potential while minimizing risks.

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Financial Advisor Retirement Risk Tolerance Estate Planning 90

Wealth Management

AUGUST 31, 2023

Building a portfolio involves tradeoffs and intelligently evaluating them will yield a better result than using rigid cutoffs.

Portfolio 103

Portfolio 103

Calculated Risk

AUGUST 31, 2023

The BEA released the Personal Income and Outlays report for July: Personal income increased $45.0 billion (0.2 percent at a monthly rate) in July , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes, increased $7.3 billion (less than 0.1 percent) and personal consumption expenditures (PCE) increased $144.6 billion (0.8 percent).

Food 80

Food Taxes Economics 80

Wealth Management

AUGUST 31, 2023

Private equity players open up about challenges and opportunities in the wealth management space.

Wealth Management 114

Wealth Management Management 114

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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

AUGUST 31, 2023

With the release of July's report on personal incomes and outlays, we can now take a closer look at "real" disposable personal income per capita. At two decimal places, the nominal -0.01% month-over-month change in disposable income comes to -0.23% when we adjust for inflation. The year-over-year metrics are 6.66% nominal and 3.27% real.

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Calculated Risk

AUGUST 31, 2023

The DOL reported : In the week ending August 26, the advance figure for seasonally adjusted initial claims was 228,000 , a decrease of 4,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 230,000 to 232,000. The 4-week moving average was 237,500, an increase of 250 from the previous week's revised average.

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Advisor Perspectives

AUGUST 31, 2023

The latest Chicago Purchasing Manager's Index (Chicago Business Barometer) rose to 48.7 in August from 42.8 in July. While this is the highest level for the index in the past year, the latest reading marks twelve straight months in contraction territory.

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Management 72

Calculated Risk

AUGUST 31, 2023

Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through July 2023. CPI Shelter was up 7.7% year-over-year in July, down from 7.8% in June, and down from the cycle peak of 8.2% in March 2023. Housing (PCE) was up 7.8% YoY in July , down from 8.0% in June, and down from the cycle peak of 8.4% in April 2023.

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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

AUGUST 31, 2023

Personal income ( excluding transfer receipts ) rose 0.4% in July and is up 4.8% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.2% month-over-month and 1.4% year-over-year.

Economics 69

Economics 69

Fintoo

AUGUST 31, 2023

Highlights Issue Size – 11,128,858 shares Issue Open/Close – Aug 30/Sept 1, 2023 Price Band (Rs.) 418 – 441 Issue Size- Rs 4,651 mn – 4,907 mn Face Value (Rs) 10 Lot Size (shares) 34 Rishabh Instruments Limited is a vertically integrated player incorporated in 1982, involved in designing, developing, manufacturing and supplying (a) Electrical […] The post Rishabh Instruments Ltd IPO (Avoid) appeared first on Fintoo Blog.

Manufacturing 65

Manufacturing Financial Planning Investing Investments 65

Advisor Perspectives

AUGUST 31, 2023

The BEA's Personal Income and Outlays report revealed inflation edged higher in July. The latest headline PCE price index was up 0.2% month-over-month (MoM) and rose to 3.3% year-over-year (YoY). Core PCE, the Fed's favored measure of inflation, was also up 0.2% monthly and edged higher to 4.2% year-over-year, still well above the 2% target rate.

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