The Big Picture

JULY 3, 2023

Barry Ritholtz, “Masters in Business” Radio and Podcast Host discusses the environment of hedge funds and the war on talent between them. He speaks with Romaine Bostick and Scarlet Fu on Bloomberg Markets: The Close Vast Majority of Hedgefunds Are Failing to Meet Targets: Ritholtz Source: Bloomberg See also : MiB: Ilana Weinstein Discusses the Hedge Fund War for Talent (July 1, 2023) The post Majority of Hedge Funds Fail to Meet Benchmarks appeared first on The Big Picture.

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Nerd's Eye View

JULY 3, 2023

Welcome to the July 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that Pershing X has announced the launch of its long-awaited (and newly renamed) “Wove” advisor technology platform – which despite purporting to be an open-architecture, multi-custodian so

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The Big Picture

JULY 3, 2023

My back-to-work morning train WFH reads: • 6 Rules to Know Before Hanging an American Flag This July 4 : Did you know that the MLB and NFL routinely violate one of them? ( Wall Street Journal ) • The multibillion-dollar lawsuits that could radically reshape how we buy and sell homes forever : As the money makes its way to all the players in the transaction, you may wonder: Why does it work this way?

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Recruitment Banking Consulting Economics 257

The Reformed Broker

JULY 3, 2023

Last month Michael, Duncan and I traveled down to St Petersburg for an event and, while we were there, my friend Shirl Penney set up a conversation with Scotty Neil, the founder of Horse Soldier Bourbon. Scott was part of the elite team of Green Berets who were sent behind the lines in the immediate aftermath of 9/11 to link up with our old mujahideen allies and knock the Taliban out of key Afghan cities.

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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

JULY 3, 2023

Fintech Why fintech startups need advisers onboard to help them sell to wealth management firms. (matts-newsletter-7a3f46.beehiiv.com) A round-up of the past month's advisor-tech news including Vanilla's new "estate advisory" platform. (kitces.com) Estate planning Four things to consider in anticipation of 2026. (financial-planning.com) Wealth.com's Ester will help you read estate planning documents.

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Estate Planning Wealth Management Recruitment Startup 178

Abnormal Returns

JULY 3, 2023

June 2023 How major asset classes performed in June 2023. (capitalspectator.com) How factors have performed in the first half of 2023. (insights.finominal.com) Strategy Why contrarians are usually wrong. (awealthofcommonsense.com) Investment built on forecasts are destined to fail in the long run. (mathinvestor.org) Companies Nike ($NKE) is feeling the pain of the end of the sneak boom.

Financial Advising 130

Financial Advising Retail Manufacturing Media 130

Wealth Management

JULY 3, 2023

U.S. regulators have issued guidelines to lenders urging them to find “accommodations and workouts” for upcoming real estate maturities. Invesco has entered the non-traded REIT space with a focus on financing commercial real estate properties. These are among the must reads from around the real estate investment world to kick off the new week.

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NAIFA Advisor Today

JULY 3, 2023

For New York Life Agent Vesela Nikay , life insurance is personal. When she was 13 years old, she lost her father to cancer. Her family had to move from their home and Nikay had to move to a new school and make new friends. Protecting families from experiences like hers is why she chose a career in the insurance and financial industry. “I'm very, very passionate about life insurance, and that's what keeps me going,” she says.

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Insurance 98

Wealth Management

JULY 3, 2023

Matt Radgowski steps in to lead the eight-year old firm that specializes in offering access to protective investments including structured notes, market-linked CDs, buffered ETFs and annuities.

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Investing Investments Marketing Marketing 103

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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

NAIFA Advisor Today

JULY 3, 2023

The Fourth of July, naturally, celebrates our nation’s independence declared in 1776, won through the struggle and sacrifice of the American Revolution, and maintained by generations of Americans throughout the history of the United States. NAIFA joins in this celebration of our country and the freedoms we all enjoy.

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Wealth Management

JULY 3, 2023

Creating the capacity to achieve growth objectives while meeting client demand for greater personalization is one of today’s greatest advisory firm challenges, says MyVest’s Mike Everett.

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Clients 103

Advisor Perspectives

JULY 3, 2023

In 1852, Karl Marx said, "Men make their own history, but they do not make it as they please; they do not make it under circumstances chosen by themselves but under circumstances directly encountered and transmitted from the past.

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Integrity Financial Planning

JULY 3, 2023

What is the Debt Ceiling? The national debt ceiling is the amount of money that the United States Government is allowed to borrow to pay for its expenses. These expenses include things like Social Security and Medicare benefits, tax refunds, military salaries, and interest payments on outstanding debt the nation may have. The United States runs a budget deficit, meaning that the nation spends more than it earns through taxes and other means.

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Government Risk Management Budgeting Taxes 98

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

Advisor Perspectives

JULY 3, 2023

While the financial media has focused on the headwinds for commercial real estate and the challenges the office and retail sectors face, this narrative ignores the differences across sectors and the potential opportunities available in today’s market environment, according to Franklin Templeton Institute’s Tony Davidow.

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Calculated Risk

JULY 3, 2023

Today, in the Calculated Risk Real Estate Newsletter: Housing Inventory and Demographics: The Next Big Shift A brief excerpt: In 2021 I wrote Housing and Demographics: The Next Big Shift. In that article I reviewed how demographics had helped me call the apartment boom in the early 2010s, and the home buying boom in 2020. I also noted: No cohort is monolithic - some people will age-in-place until they pass away, others will move in with family (or family will move in with their parents), and som

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Retirement 93

Wealth Management

JULY 3, 2023

Leon Vaccarelli, who defrauded at least nine investors of over $1 million, is currently incarcerated in federal prison in Massachusetts.

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The Irrelevant Investor

JULY 3, 2023

On today’s show, we are joined by Chris Hutchins, Host of All The Hacks Podcast to discuss the best credit card hacks and reward deals out there. On today’s show, we discuss: Point devaluation and inflation Why people love rewards so much All the Hacks credit cards All the Hacks Transfer Partners Transferring and redeeming credit card points Best places to book fights and hotels Hacking family trips Is the Chase.

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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

Wealth Management

JULY 3, 2023

Wise Rhino Group’s quarterly report highlights importance of convergence, scale and integration.

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Financial Advisor Marketing Marketing 122

Advisor Perspectives

JULY 3, 2023

As of June 30, 2023, the 10-year note was 329 basis points above its historic closing low of 0.52% reached on August 4, 2020.

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Wealth Management

JULY 3, 2023

What drove Aaron Kline, who helped create and design the Riskalyze brand, to rebrand the firm as Nitrogen?

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Alpha Architect

JULY 3, 2023

Full exposure to domestic equities. Full exposure to international equities. No exposure to REITs. No exposure to commodities. No exposure to intermediate-term bonds. DIY Trend-Following Allocations: July 2023 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

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Asset Allocation Assets 76

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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!

Accounting

Advisor Perspectives

JULY 3, 2023

I will describe the general process used by actuaries to maintain financial sustainability, to encourage advisors to employ this same process to their client’s retirement planning.

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Retirement Planning Retirement Planning Clients 75

A Wealth of Common Sense

JULY 3, 2023

On today’s show, we are joined by Chris Hutchins, Host of All The Hacks Podcast to discuss the best credit card hacks and reward deals out there. On today’s show, we discuss: Point devaluation and inflation Why people love rewards so much All the Hacks credit cards All the Hacks Transfer Partners Transferring and redeeming credit card points Best places to book fights and hotels Hacking family trips Is the C.

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Advisor Perspectives

JULY 3, 2023

Here is the latest update of a popular market valuation method, Price-to-Earnings (P/E) ratio, using the most recent Standard & Poor's "as reported" earnings and earnings estimates, and the index monthly average of daily closes for the past month. The latest trailing twelve months (TTM) P/E ratio is 24.1 and the latest P/E10 ratio is 29.9.

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Valuation Marketing Marketing 64

Calculated Risk

JULY 3, 2023

(Posted with permission). The ISM manufacturing index indicated contraction. The PMI® was at 46.0% in June, down from 46.9% in May. The employment index was at 48.1%, down from 51.4% the previous month, and the new orders index was at 45.6%, up from 42.6%. From ISM: Manufacturing PMI® at 46% June 2023 Manufacturing ISM® Report On Business® Economic activity in the manufacturing sector contracted in June for the eighth consecutive month following a 28-month period of growth, say the nation's supp

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Manufacturing Economy Economics Management 66

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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

Cornerstone Financial Advisory

JULY 3, 2023

Weekly Market Insights: Economy Continues Upward Trend Presented by Cornerstone Financial Advisory, LLC Stocks posted gains for the week to close out a stellar month, aided by positive economic data and reports that all major banks had passed the Federal Reserve’s annual stress test. The Dow Jones Industrial Average gained 2.02%, while the Standard & Poor’s 500 rose 2.35%.

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Marketing Marketing Taxes Economics 59

Advisor Perspectives

JULY 3, 2023

The June S&P Global US Manufacturing PMI™ dropped for a second straight month to 46.3. The latest figure marks the steepest decline in operation conditions for this year. The June reading was consistent with expectations.

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Manufacturing 59

Trade Brains

JULY 3, 2023

Best Copy Trading Platforms in India : As an enthusiastic stock market learner, have you ever looked at the profits of the best investors and traders? Furthermore, have you wished that such professionals could share their trade secrets with you? And you too would be a profitable trader! Yes, this can certainly happen, and the concept that aids in turning this wish into reality is Copy Trading.

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