Abnormal Returns
SEPTEMBER 25, 2023
Cash Advisers are seeing more clients interested in cash. (etf.com) Higher yields are going to be a headwind for risky asset classes. (mrzepczynski.blogspot.com) Finance Zero-day options make up 50% of the S&P 500 options volume. (ft.com) Betterment is closing two of its crypto strategies. (citywire.com) Companies Amazon ($AMZN) just made a big investment in AI startup Anthropic.
Nerd's Eye View
SEPTEMBER 25, 2023
In the mid-20th century, the first phone call for a person who needed guidance on saving or planning for retirement was likely to be to a stockbroker or a mutual fund or insurance salesperson. But while some of these salespeople may have certainly been able to provide sound advice, there was really no way at that time for a consumer to know which among the many brokers and agents out there were actually capable of giving true and sound advice that would help them reach their goals.
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Abnormal Returns
SEPTEMBER 25, 2023
Podcasts Michael Kitces talks with Jessica Polito of Turkey Hill Management about helping RIAs owners through the M&A process. (kitces.com) Frazer Rice talks with Doug White about when philanthropic plans go awry. (podcasts.apple.com) Future Proof A recap of Future Proof 2023 and what it is to come. (riabiz.com) Future Proof shouldn't work, but it does.
Advisor Perspectives
SEPTEMBER 25, 2023
By applying artificial intelligence and Chat GPT to statements made by active fund managers, researchers have found that their underperformance can be partly explained by overconfidence that led to, among other things, excessive risk taking.
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
SEPTEMBER 25, 2023
I stopped the weekly updates of high frequency indicators at the end of 2022. Here is a late September look at four indicators: -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. This data is as of September 24th. Click on graph for larger image. This data shows the 7-day average of daily total traveler throughput from the TSA for 2019 (Light Blue), 2020 (Black), 2021 (Blue), 2022 (Orange) and 2023 (Red).
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Trade Brains
SEPTEMBER 25, 2023
Best Aluminium Stocks in India: Aluminium is a highly versatile metal that is valued for its lightness, corrosion resistance, and adaptability. It is used in a wide range of industries, from aerospace and automotive to construction and packaging. As demand for this metal grows worldwide, investing in stocks related to aluminium presents a promising opportunity.
Wealth Management
SEPTEMBER 25, 2023
Vista Financial Advisors registered in 2021 and soon claimed it managed more than $11.5 trillion—with a "T"—with no evidence of any legitimate assets at all, according to the commission.
The Irrelevant Investor
SEPTEMBER 25, 2023
In 2015, Jeremy Grantham, the self-proclaimed bubble historian, wrote: I consider myself a bubble historian and one who is eager to see one form and break: I have often said that they are the only really important events in investing. I have come to believe, however, very reluctantly, that we bubble historians have, together with much of the market, been a bit brainwashed by our exposure in the last 30 years to 4 of the p.
Wealth Management
SEPTEMBER 25, 2023
DWS has been under scrutiny by various agencies including the SEC since a former employee went public over two years ago with cliams that the asset manager had inflated its ESG credentials.
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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.
Carson Wealth
SEPTEMBER 25, 2023
The September swoon continued last week, as stocks sold off hard after the Fed’s decision to leave interest rates unchanged. This type of seasonal weakness shouldn’t be a surprise. We’ve been discussing the potential for August and September volatility for a while now. It’s important to remember the S&P 500 had its best start after seven months to any year since 1997, so some type of weakness in the troublesome months of August and September is normal.
Wealth Management
SEPTEMBER 25, 2023
Wellesley Asset Management failed to properly disclose that it used hypothetical performance in advertisements for an index it created, according to the commission.
Advisor Perspectives
SEPTEMBER 25, 2023
The Big Myth is the remarkable, and largely untold, story of how America fell in love with market fundamentalism.
Wealth Management
SEPTEMBER 25, 2023
The VanEck Office and Commercial REIT ETF is part of a trend of increased specialization among REIT ETFs.
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.
Darrow Wealth Management
SEPTEMBER 25, 2023
More homeowners have been renovating their homes instead of buying due to housing prices. While continuing to build equity in your home can be advantageous financially, navigating a construction project isn’t easy. And when something goes wrong, many homeowners are surprised to learn of gaps in their insurance coverage or their contractor’s.
Wealth Management
SEPTEMBER 25, 2023
Pitcairn CEO Leslie Voth is passing the torch of the century-old firm to Andrew Busser next month.
Alpha Architect
SEPTEMBER 25, 2023
The article explores the limitations of traditional country-level stock market indexes that are constructed based on the domicile of issuing firms. Geographic Investing and Company Operations was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
XY Planning Network
SEPTEMBER 25, 2023
As a Network Navigator on Team XYPN, I’ve had the pleasure of talking with hundreds of advisors who were ready to start, grow, or scale their RIA—or were considering it, but had questions about how XYPN could help make it possible. As you can imagine, no matter what their “it” was, they asked a lot of really good questions. And, since they took the time to ask, I decided to take the time to gather the top ten questions and provide answers here, for everyone else.
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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.
A Wealth of Common Sense
SEPTEMBER 25, 2023
Today’s Talk Your Book is brought to you by Direxion: On today’s show, we spoke with Ed Egilinsky, Managing Director and Head of Alternatives to discuss the use of leverage in a portfolio and investing in China. On today’s show, we discuss: How leveraged strategies are created How the timing and path of the underlying ETF affects compounding Using flows as a trading signal Looking at the China trade wi.
Advisor Perspectives
SEPTEMBER 25, 2023
The Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for September. The latest general business activity index came in at -18.1, down 0.9 from last month. This is the first monthly decline in the general business activity index in the past 4 months and marks the 17th consecutive month it has been in contraction territory.
Wealth Management
SEPTEMBER 25, 2023
Companies making environmental, social and governance claims are bumping up against an increasingly skeptical wall of investors looking for more than just lofty ESG talk.
Advisor Perspectives
SEPTEMBER 25, 2023
The Chicago Fed's National Activity Index is based on 85 economic indicators drawn from four broad categories of data. Two of the four broad categories of indicators used to construct the index decreased from July. All four categories made negative contributions in August.
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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!
Harness Wealth
SEPTEMBER 25, 2023
The career path of a solo CPA can be an exciting blend of autonomy, creativity, and growth. However, the journey is not without its own set of challenges, especially for those who may be used to the networking, support, and resources that would be available when working for a larger accounting firm. In this comprehensive guide, we aim to explore how to maintain a sense of community when working as an independent accountant, the importance of doing so, as well as the various ways by which Harness
Advisor Perspectives
SEPTEMBER 25, 2023
Six of the eight indexes on our world watch list posted gains through September 25, 2023. Tokyo's Nikkei 225 finished in the top spot with a YTD gain of 25.23%. The U.S.'s S&P 500 finished in second with a YTD gain of 13.42% while India's BSE SENSEX finished in third with a YTD gain of 7.72%.
Fortune Financial
SEPTEMBER 25, 2023
How to Choose the Right Wealth Management Firm in Kansas City Managing your wealth is a crucial aspect of financial success and security. Whether planning for retirement, saving for your children’s education or simply looking to grow your investments, finding the right wealth management services in Kansas City can make all the difference. But with many options available, how do you choose the right one?
Advisor Perspectives
SEPTEMBER 25, 2023
The Chicago Fed National Activity Index (CFNAI) fell to -0.16 in August from +0.07 in July. Two of the four broad categories of indicators used to construct the index decreased from July. All four categories made negative contributions in August. The index's three-month moving average, CFNAI-MA3, inched up to -0.14 in August from -0.15 in July.
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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
SEPTEMBER 25, 2023
The inaugural BeFi Summit has been scheduled from 10 a.m. to noon CST Friday, Nov. 3.
Calculated Risk
SEPTEMBER 25, 2023
From Matthew Graham at Mortgage News Daily: Mortgage Rates Officially Hit New Multi-Decade Highs For the average lender, a top tier 30yr fixed rate is now over 7.5% for the first time in at least 22 years. The average borrower (not "top tier") is seeing rates that are even higher. This assumes an adjustment for discount points. Many loans are being quoted with points currently, and in those cases, the note rate would be a bit lower. [ 30 year fixed 7.51% ] emphasis added Tuesday: • At 9:00 AM ET
Advisor Perspectives
SEPTEMBER 25, 2023
Looking through the lens of ROL – return on life – are you focused on each client's quality of life or just the quantity of assets?
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