The Big Picture

AUGUST 18, 2023

I have a new column out in Businessweek , just in time for the Federal Reserve meeting in Jackson Hole. It is a congratulatory open letter to Federal Reserve Chairman Jerome Powell and the rest of the Fed on beating inflation: Dear Jay, Mazel tov! You beat inflation and avoided a recession. Revel in the sweet taste of victory as you fly-fish with other central bankers at the annual symposium in Jackson Hole, Wyoming.

Communication 246

Communication Banking 246

Nerd's Eye View

AUGUST 18, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study has found that consumers are increasingly likely to spread their portfolios across a range of asset managers, and that this trend is particularly pronounced amongst more affluent clients (e.g., millionaires), suggesting that advisors who believe they hold "everything" their clients have may actually have less than they realize.

Financial Planner 219

Financial Planner CFP Assets Clients 219

Abnormal Returns

AUGUST 18, 2023

Strategy Even if you have the news, doesn't mean you can predict the market's reaction. (theirrelevantinvestor.com) Don't confuse cash and bonds. (monevator.com) Startups Instacart could go public as early as next month. (finance.yahoo.com) SpaceX now reportedly running around breakeven. (wsj.com) Streaming Cable and broadcast are now less than 50% of viewing.

Investing 195

Investing Investments Financial Advising Startup 195

The Reformed Broker

AUGUST 18, 2023

Barry’s new piece for Bloomberg is really good. I had a good laugh at this section: Inflation Expectations Surveys Are Useless The world is more complex, random and global than ever before. Multiplying unknowns have made economic forecasting even more difficult. But for hilariously wrong predictions, nothing beats surveying random people about where they think inflation will be in five years.

Economics 130

Economics 130

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

Abnormal Returns

AUGUST 18, 2023

Finance Barry Ritholtz talks with Ted Seides of Capital Allocators fame. (ritholtz.com) Justin Carbonneau and Jack Forehand talk manager analytics with Clare Flynn Levy of Essentia Analytics. (youtube.com) Value investing Meb Faber talks with noted value investor Monish Pabrai. (mebfaber.com) Stephen Clapham talks with Guy Spier about simplicity in (value) investing.

Investing 174

Investing Investments Management 174

Wealth Management

AUGUST 18, 2023

Sequoia Financial Group is adding a team specializing in special needs families, while Wealth Enhancement Group announced its 10th acquisition of the year, a CPA practice has returned to Cetera and Kestra onboarded $1.6 billion in the second quarter. Some top hires and custodian moves were also announced.

98

98

Integrity Financial Planning

AUGUST 18, 2023

Organizing a successful cookout can be a fun but challenging task. Here’s some great advice to ensure your event runs smoothly and is a hit with your guests. Preparation is Key Firstly, make sure you put in the effort to prepare. Decide on the menu ahead of time and ensure you have all the necessary ingredients. Choose simple yet delicious recipes that can cater to various dietary preferences.

Food 98

Food Financial Planning Planning Retirement 98

Wealth Management

AUGUST 18, 2023

The acquisition will allow RIAs to offer their clients alternative asset classes including private equity, private credit, secondaries, real estate and more through the Onramp Invest dashboard.

Investing 98

Investing Investments Assets Clients 98

Calculated Risk

AUGUST 18, 2023

Today, in the Calculated Risk Real Estate Newsletter: Lawler: Is The “Natural” Rate of Interest Back to Pre-Financial Crisis Levels? A brief excerpt: Here is a graph showing the HLW and LM estimates of r-star from 1990 through the first quarter of 2023. Note that both of these estimates show a sharp decline in r-star right around the same time as the beginning of the financial crisis that led to the worst recession since the Great Depression.

Government 98

Government Banking 98

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.

Banking

Wealth Management

AUGUST 18, 2023

Planners and clients face challenges and concerns regarding liquidity, fund structures, tax implications, and fees associated with alternative investments. Addressing these concerns requires collaborative educational efforts the industry.

Education 98

Education Financial Planner Taxes Clients 98

Trade Brains

AUGUST 18, 2023

Best Vijay Kedia Portfolio Stocks: Many investors keep a close eye on stock buys and sales of ace investors for ideas and inspiration. It is believed that beginner and experienced investors alike can put to use the research abilities of their larger counterparts. India has multiple investors with crores of personal wealth invested in the stocks. In this article, we’ll look at the best Vijay Kedia portfolio stocks and see if they can be an interesting opportunity for us as well.

Portfolio 97

Portfolio Engineering Manufacturing Sales 97

Calculated Risk

AUGUST 18, 2023

From BofA: Overall, the data flow since our last report pushed up our 3Q US GDP tracking estimate from the official forecast of 2.0% q/q saar (seasonally adjusted annual rate) to 2.7% q/q saar. [Aug 18th estimate] emphasis added From Goldman: July utilities output and auto production were stronger than our previous assumptions, and we boosted our Q3 GDP tracking estimate by 0.2pp to +2.4% (qoq ar).

Sales 97

Sales Investing Investments 97

Advisor Perspectives

AUGUST 18, 2023

The S&P 500 continues to struggle in August as the index posted its lowest close in almost two months. The index fell 2.11% from last Friday, marking the third consecutive week in the red. The index is currently up 14.27% year to date and is 8.90% below its record close from January 3, 2022.

96

96

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

Wealth Management

AUGUST 18, 2023

Moniwell founder Jennifer Rayner and Retirement Impact's Lauren Loehning discuss their upcoming session at Wealth@Work, “Secret Sauce: An Engagement Story.

Retirement 97

Retirement 97

A Wealth of Common Sense

AUGUST 18, 2023

One of the biggest problems with money is our feelings about it are always relative. So many people assume once they hit a certain level of income or net worth that all of their problems will magically vanish. Unfortunately, what typically happens when you make and save more money is you begin comparing yourself to people who have more than you, instead of your previous levels of wealth.

Retirement 92

Retirement 92

Wealth Management

AUGUST 18, 2023

Following a conviction last year, Keith Todd Ashley was sentenced this week to life in prison in a fraud scheme that ended in his client's murder.

Clients 98

Clients 98

XY Planning Network

AUGUST 18, 2023

Why are some people better at marketing than others? And how can you be one of those people who's a cut above the rest? The bad news is there's no magic recipe to become a master marketer. The good news is there are a few habits that set highly successful marketers apart from the mediocre (or just plain bad) ones; better yet, these habits can be learned.

Financial Advisor 86

Financial Advisor Marketing Marketing Fee Only 86

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.

Banking

Wealth Management

AUGUST 18, 2023

Unlevered municipal bond closed-end funds traded at a discount to their net asset value of roughly 12%, according to Bloomberg data.

Assets 98

Assets 98

Alpha Architect

AUGUST 18, 2023

It is important to diversify the risks of private equity. This is best achieved by investing indirectly through a private equity fund rather than through direct investments in individual companies. Because most such funds typically limit their investments to a relatively small number, it is also prudent to diversify by investing in more than one fund.

Numbers 81

Numbers Investing Investments 81

Wealth Management

AUGUST 18, 2023

Also, Altruist introduces a multiple account opening feature, more hires at TIFIN and CreativeOne partners with RISA.

Startup 98

Startup Accounting 98

Bell Investment Advisors

AUGUST 18, 2023

When inflation sits above 5% for any length of time, even the financially sturdiest begin to take notice. This economic factor continued to pervade headlines and consumers’ thoughts for much of 2023. Earlier in the year, rapper and songwriter Cardi B, with 155 million social media followers, a great many music awards and an estimated $80 million net worth, had such a moment.

Budgeting 52

Budgeting Economics Investment Advisor Education 52

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!

Accounting

Wealth Management

AUGUST 18, 2023

The tally of seven-figure retirement accounts at Fidelity is climbing as stocks bounce back after falling in 2022.

Retirement 96

Retirement Accounting 96

WiserAdvisor

AUGUST 18, 2023

When it comes to personal finance, the guidance of a financial advisor can help you in more ways than one. These experts have the necessary financial knowledge and expertise to help you make informed decisions about your money, investments, and future financial security. However, the big question that looms in the minds of most investors seeking professional advice is regarding the cost of a financial advisor.

Financial Advisor 52

Financial Advisor Commission Fee Only Financial Planning 52

Wealth Management

AUGUST 18, 2023

MyVest CEO Anton Honikman discusses how advisors need to evolve and elevate the way they do business.

Wealth Management 98

Wealth Management Management 98

Discipline Funds

AUGUST 18, 2023

The US real estate market is in an interesting situation. Activity in residential real estate has stagnated, but prices are holding up better than expected due to low inventories and a lack of forced sellers. Commercial real estate, on the other hand, looks to be in a very different situation with excess inventory due to work from home and what looks like an increasing number of forced sellers.

Numbers 52

Numbers Assets Marketing Marketing 52

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.

Communication

Wealth Management

AUGUST 18, 2023

Nearly a dozen companies have filed with the SEC to launch ETFs based on Ether futures.

98

98

Bell Investment Advisors

AUGUST 18, 2023

When inflation sits above 5% for any length of time, even the financially sturdiest begin to take notice. Earlier in the year, rapper and songwriter Cardi B, with 155 million social media followers, a great many music awards and an estimated $80 million net worth, had such a moment. In The Economist, Cardi B vented about how crazy it is that lettuce surged to a cost of $7 a head.

Budgeting 52

Budgeting Investment Advisor Media Investing 52

Ballast Advisors

AUGUST 18, 2023

In its annual Retirement Confidence Survey of current workers and retirees, the Employee Benefit Research Institute found that workers’ confidence in their ability to fund retirement fell by the largest extent since the financial crisis of 2008, to levels not seen since 2018. Retirees’ confidence also took a substantial hit. Overall, just 20% of respondents felt very confident they will be able to afford a comfortable retirement.

Retirement 52

Retirement Taxes Planning Accounting 52