Abnormal Returns
MARCH 14, 2024
Crypto How Grayscale nabbed the coveted $BTC ticker. (axios.com) Clients are asking advisers about crypto. (wsj.com) Finance Swearing on company conference calls is on the rise. (ft.com) ARMs are no longer a bargain. (wsj.com) Media Hollywood is rethinking the value of mergers. (hollywoodreporter.com) Derek Thompson talks with Lucas Shaw about the end of the franchise formula.
Carson Wealth
MARCH 14, 2024
By Matt Kory, Vice President, Retirement Programs Changing careers is an emotional move – there’s excitement for the new opportunity, sadness about leaving your favorite coworkers behind, depression if you weren’t ready to leave, worry about how to financially bridge the unemployment gap and anticipation of the new career all at once. Take a breath, you can take some time to understand your options.
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Abnormal Returns
MARCH 14, 2024
Books An excerpt from Abigail Shrier’s new book, “Bad Therapy: Why the Kids Aren’t Growing Up.” (wsj.com) An excerpt from "The Human Disease: How We Create Pandemics, From Our Bodies to Our Beliefs" by Sabrina Sholts. (smithsonianmag.com) An excerpt from "Supercommunicators: How to Unlock the Secret Language of Connection" by Charles Duhigg. (behavioralscientist.org) American Flannel An excerpt from "American Flannel: How a Band of Entrepreneurs Are Bringing the Art and Business of Making Clothe
Advisor Perspectives
MARCH 14, 2024
The Census Bureau's Advance Retail Sales Report for February revealed a 0.6% rebound in headline sales from January, the largest monthly rise in consumer spending since September. The latest increase, however, was lower than the anticipated 0.8% monthly growth.
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
MARCH 14, 2024
Today, in the Calculated Risk Real Estate Newsletter: Part 2: Current State of the Housing Market; Overview for mid-March 2024 A brief excerpt: Yesterday, in Part 1: Current State of the Housing Market; Overview for mid-March 2024 I reviewed home inventory, housing starts and sales. In Part 2, I will look at house prices, mortgage rates, rents and more - and review the house price outlook for 2024.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Advisor Perspectives
MARCH 14, 2024
Nvidia Corp.’s annual artificial intelligence conference is just days away and expectations are high for the semiconductor maker to deliver news that will sustain the blistering rally in its stock.
Wealth Management
MARCH 14, 2024
Dan Seivert of ECHELON Partners offers perspective to help advisors better understand their business’s value drivers and how to maximize each, even if you aren’t interested in going independent or selling your business.
Alpha Architect
MARCH 14, 2024
When investors have a concentrated stock position that has performed well, they eventually face the same tough question: Should they continue to hold the position (and the outsized exposure it brings to their portfolio) or diversify – and face significant capital gains taxes? Exchange Funds 2.0: A Newly Accessible Way to Diversify Concentrated Positions was originally published at Alpha Architect.
Wealth Management
MARCH 14, 2024
The platform now includes more than a dozen fee-based alternative strategies, a comparable number of globally diversified passive strategies and five internal SMAs.
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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
MARCH 14, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, The New York Fed Empire State manufacturing survey for March. The consensus is for a reading of -8.0, down from -2.4. • At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for February. The consensus is no changed in Industrial Production, and for Capacity Utilization to decrease to 78.4%. • At 10:00 AM, University of Michigan's Consumer sentiment index (Prelim
Wealth Management
MARCH 14, 2024
The investment management industry stands at the threshold of a transformative era, with the evolution towards hybrid mutual fund/ETF structures marking a pivotal shift in strategic institutional asset management. This evolution is characterized by mutual fund managers like Fidelity and Morgan Stanley applying for exemptive relief to add an ETF share class to their mutual fund families, alongside F/m Investments’ innovative step to add a mutual fund share class to its ETF family to access the 40
Million Dollar Round Table (MDRT)
MARCH 14, 2024
By Bryce Sanders Insurance agents and financial advisors do not work all the time. They have personal lives too. Years ago, I surveyed financial advisors, asking, “What do you do for fun?” When you consider the popular answers, it becomes very easy to figure out how to change your approach slightly to use it as a business-building opportunity. Is it a good idea to bring business into your personal life though?
Wealth Management
MARCH 14, 2024
The wealthtech company introduced several new features that bring it one step closer to creating a unified system.
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.
A Wealth of Common Sense
MARCH 14, 2024
This past week, I received three questions about retirement, all of which concern long-term planning at different stages of life. A reader asks: Chatting with the friends, we all seemed to be relatively close to one another in terms of cash on hand, investments in the market and current incomes. I would love to get your perspective as a professional to understand if we are behind, on par or ahead of the curve for a 28 yea.
Wealth Management
MARCH 14, 2024
The broker/dealer network now has a formal policy on the use of the ETFs, and advisors can begin training March 25.
MainStreet Financial Planning
MARCH 14, 2024
As April 15th approaches, taxpayers across the country are gearing up to fulfill their annual obligation – filing taxes. Whether you’ve already submitted your returns or are yet to tackle the paperwork, now is the perfect time for a tax check-up. Here are 5 areas to review to determine if you may need to make some adjustments for 2024. Review Tax Withholding: Check your paystubs to assess if adjustments to your W-4 are needed to avoid overpaying or underpaying taxes in 2024.
Wealth Management
MARCH 14, 2024
Traditional growth strategies are yielding diminishing returns, while new ways to engage online are exploding.
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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.
Calculated Risk
MARCH 14, 2024
The DOL reported : In the week ending March 9, the advance figure for seasonally adjusted initial claims was 209,000 , a decrease of 1,000 from the previous week's revised level. The previous week's level was revised down by 7,000 from 217,000 to 210,000. The 4-week moving average was 208,000, a decrease of 500 from the previous week's revised average.
Advisor Perspectives
MARCH 14, 2024
Wholesale inflation heated up last month and came in higher than expected. The producer price index for final demand increased 0.6% month-over-month (s.a.). On an annual basis, headline PPI accelerated from 1.0% in January to 1.6% in February.
Calculated Risk
MARCH 14, 2024
What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For February, Realtor.com reported inventory was up 14.8% YoY, but still down almost 40% compared to February 2019. Now - on a weekly basis - inventory is up 21.7% YoY. Realtor.com has monthly and weekly data on the existing home market.
The Irrelevant Investor
MARCH 14, 2024
Today’s Compound and Friends is brought to you by Franklin Templeton: See here for more information on Franklin Templeton’s full ETF suite and their recently approved Bitcoin ETF On today’s show, we discuss: America’s new tallest skyscraper ByteDance offers investors a buyback at $268B valuation Tesla gets tagged with once-unthinkable call: sales will fall Subscribe here to The Compound Insider.
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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
MARCH 14, 2024
The economic backdrop is increasingly favorable for the yellow metal to achieve fresh highs.
Calculated Risk
MARCH 14, 2024
On a monthly basis, retail sales were up 0.6% from January to February (seasonally adjusted), and sales were up 1.5 percent from February 2023. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for February 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $700.7 billion, up 0.6 percent from the previous month , and up 1.5 percent above February 2023.
Wealth Management
MARCH 14, 2024
Insights into the uses of traditional debt within advisor M&A.
Advisor Perspectives
MARCH 14, 2024
Just as private credit is becoming an asset class of its own and private equity houses are finding a new revenue stream away from their bread-and-butter buyout businesses, this burgeoning part of leveraged finance is losing steam.
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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.
Wealth Management
MARCH 14, 2024
FAFSA applicants encounter delay after delay in this year’s countdown to college decision day.
Advisor Perspectives
MARCH 14, 2024
In the week ending March 9, initial jobless claims were at a seasonally adjusted level of 209,000, a decrease of 1,000 from the previous week's revised figure. The latest reading is lower than the forecast of 218,000 jobless claims.
Wealth Management
MARCH 14, 2024
Thursday, March 14, 2024 | 2:00 PM ET
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