Abnormal Returns
OCTOBER 31, 2023
Factors Why corporate bond factor research is more challenging. (papers.ssrn.com) Why do stocks with high idiosyncratic volatility underperform? (alphaarchitect.com) Momentum Fund investors are momentum chasers. (klementoninvesting.substack.com) Momentum in the sports betting markets. (papers.ssrn.com) Research Do stocks really become less risky over the long run?
Nerd's Eye View
OCTOBER 31, 2023
Welcome back to the 357th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jon Henderson. Jon is the Founder and CIO for Echo45 Advisors, an independent RIA based in Walnut Creek, California, that oversees $163 million in assets under management for more than 180 client households. What's unique about Jon, though, is how he has carefully vetted and curated his advisor tech stack of third-party software to provide a strong "high-tech" client experience… and
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Abnormal Returns
OCTOBER 31, 2023
Strategy Money market returns look good.almost too good. (wsj.com) Six lessons from William Bernstein's "The Four Pillars of Investing." (humbledollar.com) Why it's easy to say you will buy when stocks 'go on sale.' (behaviouralinvestment.com) Crypto Vanguard is opting out of the Bitcoin ETF race. (markets.businessinsider.com) Investors who bought the Grayscale Bitcoin Investment Trust ($GBTC) at a big discount are looking good.
The Reformed Broker
OCTOBER 31, 2023
Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►4th Quarter Rally? – Positive economic surprises say we are due for a Q4 meltup. ►Great News – American wealth hitting new highs. ►Effective Interest Rates – “This increased cost of capital is.
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
OCTOBER 31, 2023
S&P/Case-Shiller released the monthly Home Price Indices for August ("August" is a 3-month average of June, July and August closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P S&P CoreLogic Case-Shiller Index Continues to Trend Upward in August Click on graph for larger image.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Irrelevant Investor
OCTOBER 31, 2023
Warren Buffett once said, “Be greedy when others are fearful. Except when earnings are being revised lower, breadth is bad, and you’re in a higher for longer environment.” (I stole this from Ben) It’s easy to quote Buffett, it’s hard to act like him. And by acting like him, I don’t mean his style of investing, I’m talking about this basic premise that investing should be viewed as.
Wealth Management
OCTOBER 31, 2023
While it was a surprise only to those individuals affected, Charles Schwab, the largest custodian by AUM, has cut more employees after concluding TD merger.
Calculated Risk
OCTOBER 31, 2023
The Census Bureau released the Residential Vacancies and Homeownership report for Q3 2023 today. The results of this survey were significantly distorted by the pandemic in 2020. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates. However, there are serious questions about the accuracy of this survey.
Wealth Management
OCTOBER 31, 2023
Real estate fundraising fell by 71% between the second and third quarters of 2023, according to numbers provided by research firm Preqin. Yahoo Finance looks at how much of a problem non-performing real estate loans are causing for regional banks. These are among today’s must reads from around the commercial real estate industry.
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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
OCTOBER 31, 2023
Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 2.6% year-over-year in August; New all-time High Excerpt: S&P/Case-Shiller released the monthly Home Price Indices for August ("August" is a 3-month average of June, July and August closing prices). August closing prices include some contracts signed in April, so there is a significant lag to this data.
The Irrelevant Investor
OCTOBER 31, 2023
Today’s Animal Spirits is brought to you by Kaplan Schweser: See here to save 10% on Kaplan Schweser CFA exam prep materials On today’s show, we discuss: Gross Domestic Product, third quarter 2023 estimate The U.S. Economy is booming (for now). What does it mean? The American boom GDPNow – Federal Reserve of Atlanta Auto loan delinquencies: What do they really mean?
Advisor Perspectives
OCTOBER 31, 2023
Valid until the market close on November 30, 2023 The S&P 500 closed October with a monthly loss of 2.20%, after a loss of 4.93% in September. At this point, after close on the last day of the month, four of five Ivy portfolio ETFs — Vanguard Total Stock Market ETF (VTI), Vanguard FTSE All-World ex-US Index Fund (VEU), iShares 7-10 Year Treasury Bond ETF (IEF) and Vanguard Real Estate ETF (VNQ)— are signaling "cash", up from last month's triple "cash" signal.
Wealth Management
OCTOBER 31, 2023
The deal adds over 350 retirement plans and about $13 billion in assets to Creative Planning’s existing retirement plan services team.
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
OCTOBER 31, 2023
A Federal Reserve pause, seasonal tailwinds, an earnings-led rally. Many of the reasons that got Wall Street strategists increasingly bullish coming into the end of the year now look like wishful thinking.
Wealth Management
OCTOBER 31, 2023
Revisor's Landon Jones and Ethan Dunbar answer hot topic questions regarding separately managed accounts.
Million Dollar Round Table (MDRT)
OCTOBER 31, 2023
By Márta Borbála Király If you would like to find all the new clients you need to grow your business, build a referral system with repeatable processes. There are several ways to find new clients for which you can create a system, or process. One part of my process involves working with existing clients for referrals. The way I do this is to ask a favorite client to meet me for coffee or lunch.
Advisor Perspectives
OCTOBER 31, 2023
The Federal Housing Finance Agency (FHFA) house price index (HPI) continued to increase in August, coming in at 411.8. U.S. house prices increased by 0.6% from the previous month and by 5.6% from one year ago. After adjusting for inflation, the real index is down 0.2% month-over-month and up 3.6% year-over-year.
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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
OCTOBER 31, 2023
Owners facing challenges today have several restructuring options, but it's critical to get guidance.
A Wealth of Common Sense
OCTOBER 31, 2023
The Misery Index was created by Arthur Oken, an economist who worked for the Johnson administration in the 1960s. It’s supposed to measure how citizens are doing economically by adding up the unemployment rate and the inflation rate. Here’s the data going back to the late-1940s: It may come as a surprise to some people that we’re actually below average right now.
AdvicePay
OCTOBER 31, 2023
As Halloween night approaches with its haunted houses, creepy costumes, and ghoulish tales, you might be tempted to join in on the spirit of giving away financial planning for free. If you are still relying solely on the sale of products and working with clients through AUM (Assets Under Management), then you know that for most of its history, "getting paid" for financial planning has really been about giving away financial planning at little or no cost.
Fortune Financial
OCTOBER 31, 2023
The yield on the ten year Treasury note briefly passed 5% recently, the highest yield on the ten year note since before the financial crisis of 2007 – 2009. This surge in yields has led some commentators to argue that bonds now appear attractive relative to stocks , given that a 5% yield on government backed bonds compares favorably to the S&P 500, which now has an earnings yield (the inverse of the P/E ratio) of ~5.5% if you use a forward earnings yield, or ~5% if you use a trailing
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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!
Wealth Management
OCTOBER 31, 2023
Taking a strategic approach to insurance is one possible answer to the call for organic growth.
Advisor Perspectives
OCTOBER 31, 2023
The Conference Board's Consumer Confidence Index® declined for a third straight month in October despite consumers' continued spending. The index dropped to 102.6 from September's upwardly revised reading of 104.3. This month's reading was better than expected, exceeding the 100.0 forecast.
Wealth Management
OCTOBER 31, 2023
The modern workplace requires financial firms to move with the times.
Advisor Perspectives
OCTOBER 31, 2023
Over the last decade, the general trend has been consistent: The rate of homeownership has struggled. The Census Bureau released its latest quarterly report for Q3 2023 showing the latest homeownership rate is at 66.0%, up 0.1% from Q2 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.
Calculated Risk
OCTOBER 31, 2023
From the Las Vegas Visitor Authority: August 2023 Las Vegas Visitor Statistics Las Vegas hosted more than 3.3M visitors in September, slightly behind (‐0.5%) last September while est. convention attendance for the month was up 9.5%, supported in part by the PACK Expo tradeshow (32k attendees) that rotated back into the destination since its last Vegas show in 2021.
Advisor Perspectives
OCTOBER 31, 2023
Home prices continued to trend upwards in August as the benchmark 20-city index rose for a sixth consecutive month. The S&P Case-Shiller Home Price Index revealed seasonally adjusted home prices for the 20-city index saw a 1.0% increase month-over-month (MoM) and a 2.2% increase year-over-year (YoY). After adjusting for inflation, the MoM was reduced to 0.6% and the YoY was reduced to -4.8%.
Calculated Risk
OCTOBER 31, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:15 AM, The ADP Employment Report for October. This report is for private payrolls only (no government). The consensus is for 135,000 jobs added, up from 89,000 in September. • At 10:00 AM, Job Openings and Labor Turnover Survey for August from the BLS. • At 10:00 AM, ISM
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