Nerd's Eye View

DECEMBER 23, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that Congress appears poised to pass “SECURE Act 2.0”, a series of measures that will have significant impacts on the world of retirement planning. From gradually raising the RMD age to 75 to expanding opportunities to make Roth-style contributions, to increasing the annual limit for Qualified Charitable Distributions, this legislation will likely

Financial Planner 209

Financial Planner Retirement Planning Financial Planning Distribution 209

Abnormal Returns

DECEMBER 23, 2022

Best of lists The best finance podcasts of 2022 including 'Masters in Business.' (realreturns.blog) Why 'The Compound & Friends' was the best podcast of the year. (bigtechnology.com) The best podcasts of 2022 including 'Stolen: Surviving St. Michael’s. (newyorker.com) Ten of the best podcasts of 2022 including 'Things Fell Apart' by John Ronson.

Media 192

Media Healthcare Economics Management 192

Calculated Risk

DECEMBER 23, 2022

The BEA released the Personal Income and Outlays report for November: Personal income increased $80.1 billion (0.4 percent) in November , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $68.6 billion (0.4 percent) and personal consumption expenditures (PCE) increased $19.8 billion (0.1 percent).

Food 145

Food Economics 145

Abnormal Returns

DECEMBER 23, 2022

Content Some Substack newsletters that some prominent writers recommend including 'Doomberg.' (petition.substack.com) Blair duQuesnay's favorite female-created financial content from 2022. (blairbellecurve.com) What some Morningstar ($MORN) analysts recommend from 2022 including “The Bond King: How One Man Made a Market, Built an Empire, and Lost It All” by Mary Childs.

Financial Advising 191

Financial Advising Media Economy Retail 191

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Accounting

Wealth Management

DECEMBER 23, 2022

Not every advisor sees a role for alternative investments like private placements or non-traded REITs. For those who do, making the allocations in reaction to declines in traditional portfolios is a mistake.

Portfolio 116

Portfolio Investing Investments 116

Wealth Management

DECEMBER 23, 2022

Long-time WealthManagement.com contributor Mark Miller discusses his new book, which highlights how unprepared many Americans nearing retirement age are for the next stage of their lives and what can be done, both on a personal and policy level, to fix it.

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Retirement 98

Calculated Risk

DECEMBER 23, 2022

On COVID (focus on hospitalizations and deaths). Data is now weekly. Weekly deaths bottomed in July 2021 at 1,666. COVID Metrics Now Week Ago Goal New Cases per Week 2 ? 487,367 455,028 ≤35,000 1 Hospitalized 2 ? 33,027 31,900 ≤3,000 1 Deaths per Week 2 ? 2,952 2,699 ≤350 1 1 my goals to stop weekly posts, 2 Weekly for Cases, Currently Hospitalized, and Deaths ?

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Numbers 97

Wealth Management

DECEMBER 23, 2022

Zephyr Market Strategist Ryan Nauman highlights eight topics that he will be watching in 2023 that will drive markets and considerations to prepare investment portfolios for the new year.

Investing 98

Investing Investments Portfolio Marketing 98

Advisor Perspectives

DECEMBER 23, 2022

With the release of this morning's report on November's Personal Incomes and Outlays, we can now take a closer look at "Real" Disposable Personal Income Per Capita. At two decimal places, the nominal 0.34% month-over-month change in disposable income comes to 0.23% when we adjust for inflation. This is an increase from last month's 69% nominal and 0.32% real change.

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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

Wealth Management

DECEMBER 23, 2022

Assets in defined outcome ETFs doubled over 2022. The research team at Innovator ETFs, who pioneered the model, collected data across 350 RIAs and 50 broker/dealers to see how advisors used the funds.

Assets 98

Assets 98

Alpha Architect

DECEMBER 23, 2022

To determine if a multi-factor approach has provided diversification benefits in terms of exposure to economic cycle risks, the research team at Counterpoint evaluated returns to multifactor long-short strategies, stocks, and 1-month T-bills in a variety of economic conditions (recession or no recession, high or no high inflation, and stagflation) over the period July 1963-August 2022.

Economics 87

Economics Portfolio Investing Investments 87

Darrow Wealth Management

DECEMBER 23, 2022

Congress is once again poised to make sweeping changes to the retirement and tax rules in the last two weeks of the year. The Secure Act 2.0 is expected to become law later this week. Some of the measures in the bill include increasing the required minimum distribution age, raising catch-up contribution limits, permitting some rollovers from 529 plans to Roth IRAs, and expanded access to employer plans. 9 major Secure Act 2.0 retirement changes.

Retirement 86

Retirement Retirement Planning Distribution Taxes 86

Wealth Management

DECEMBER 23, 2022

CI Financial plans to use proceeds from the IPO to improve its balance sheet, which had nearly C$4 billion ($3 billion) in debt as of Sept. 30.

Financial Planning 96

Financial Planning Planning 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

A Wealth of Common Sense

DECEMBER 23, 2022

There were a lot of surprises for the U.S. economy in 2022. Maybe the most surprising is the fact that it was so resilient in the face of 9% inflation while the Fed went on one of the most aggressive interest rate tightening cycles in history. A lot of people thought it was a foregone conclusion that we were either (a) already in a recession in 2022 or (b) destined to go into one in short order.

Economy 85

Economy Marketing Marketing 85

Wealth Management

DECEMBER 23, 2022

There is a good reason to worry about the American retirement system. It’s not a system at all, but a patchwork of programs and products.

Insurance 98

Insurance Retirement 98

David Nelson

DECEMBER 23, 2022

David joins Fox Business anchor Maria Bartiromo and Strategic Wealth Partners CEO Mark Tepper to weigh in on housing and the economy.

Economy 98

Economy 98

Advisor Perspectives

DECEMBER 23, 2022

Personal Income ( excluding Transfer Receipts ) in November rose 0.39% and is up 5.5% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, Real Personal Income (excluding Transfer Receipts) MoM was up 0.28%. The real number is unchanged year-over-year.

Numbers 75

Numbers 75

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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

Norman Marks

DECEMBER 23, 2022

The results from my recent survey (thanks to the 75 internal audit practitioners who responded) are interesting. (You can see the results of the earlier survey here.) First, I will review the answers about auditing risk management. Q1: Does your internal audit function audit the organization’s management of risk? 62 (83%) indicated that they do, […].

Risk Management 81

Risk Management Management Government 81

Wealth Management

DECEMBER 23, 2022

No other bond king could come close to bench-pressing 495 pounds 20 times over, as he did in his prime.

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Advisor Perspectives

DECEMBER 23, 2022

The latest new orders number at -2.1% month-over-month (MoM) was worse than the Investing.com -0.6% estimate. The series is up 6.5% year-over-year (YoY). If we exclude transportation, "core" durable goods was up 0.2% MoM and up 3.4% YoY.

Transportation 69

Transportation Numbers 69

Validea

DECEMBER 23, 2022

Investors are gobbling up bonds in emerging markets around the world so rapidly that the risk premium on them has dropped dramatically, reports an article in Bloomberg. The rebound is being led by countries that were on the edge of default only months ago, such as Pakistan, Ghana, and Ukraine. Inexpensive, high-yield, emerging markets bonds “look more attractive relative to investment grade,” Ben Luk of State Street Global Markets told the news outlet.

Marketing 59

Marketing Marketing Assets Management 59

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Management

Advisor Perspectives

DECEMBER 23, 2022

The December Final Report came in at 59.7, up 2.9 (5.1%) from the November Final. Investing.com had forecast 59.1. Since its beginning in 1978, consumer sentiment is 30 percent below the average reading (arithmetic mean) and 29 percent below the geometric mean.

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Validea

DECEMBER 23, 2022

Active management has become popular again, with more than half of actively managed large-cap mutual funds on track to outperform their benchmarks for the year, according to Goldman Sachs data that is cited in an article in The Wall Street Journal. Active management has been unpopular since the 2008 financial crisis as big tech stocks such as Apple, Amazon and Microsoft monopolized the S&P 500 and investors made easy money through passive investments that tracked the index.

Marketing 59

Marketing Marketing Management Manufacturing 59

Advisor Perspectives

DECEMBER 23, 2022

U.S. equities are modestly higher but near the unchanged mark in pre-market action.

Marketing 98

Marketing Marketing 98

Validea

DECEMBER 23, 2022

‘Tis the season for 2023 forecasts on Wall Street, but it’s nearly impossible to accurately predict what the markets will do in the next six months or year, and the financial world should stop relying on them, contends an article in The New York Times. Instead, investors would do better to embrace uncertainty and come to peace with the fact that you won’t know what will happen to your money in the short term.

Portfolio 59

Portfolio Investing Investments Marketing 59

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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

DECEMBER 23, 2022

As is our custom, we conclude the year by reflecting on the 10 most-read investment and planning articles over the past 12 months. Tomorrow, we will highlight the 10 most-read practice management articles.

Investing 59

Investing Investments Planning Management 59

Calculated Risk

DECEMBER 23, 2022

From CoStar: STR: Calendar Shift Softens Lower Weekly US Hotel Performance U.S. hotel performance came in lower than the previous week but showed improved comparisons to 2019 in part because of a favorable calendar shift, according to STR‘s latest data through Dec. 17. Dec. 11-17, 2022 (percentage change from comparable week in 2019*): • Occupancy: 54.5% (+9.2%) • Average daily rate (ADR): $135.08 (+23.7%) • Revenue per available room (RevPAR): $73.65 (+35.1%) The corresponding week in 2019 ende

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Advisor Perspectives

DECEMBER 23, 2022

Despite a week that brought S&P 500 back into bear territory briefly, the index is up 0.59% from Thursday and is down 19.33% YTD.

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