The Big Picture

JULY 25, 2023

Over the weekend, I noticed someone was wrong on the internet. Anthony Pompliano is a crypto fan who has amassed a huge (1.6 million) following on Twitter. As the Tweet (X?) above shows, he made a newbie error looking at the performance of the S&P500: He left out dividends, thereby omitting most of the returns. I replied 1 to the tweet, politely pointing out that my colleague Ben Carlson had previously explained that “since 1928, equity market returns including dividends are 70% higher than

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Assets Accounting Taxes Economics 246

Nerd's Eye View

JULY 25, 2023

Welcome back to the 343rd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Rita Robbins. Rita is the Founder and President of Affiliated Advisors, a Super-OSJ with Royal Alliance that provides support to 90 financial advisors and collectively oversees $3.5 billion in assets under advisement. What's unique about Rita, though, is how as the founder of one of the first woman-owned Super-OSJs nearly 30 years ago, she has witnessed first-hand the evolution of the Supe

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Abnormal Returns

JULY 25, 2023

AI How to identify those companies that will benefit from AI adoption. (sparklinecapital.com) Why asset managers need their own AI sandboxes. (institutionalinvestor.com) Analysts How the work environment affects sell-side analyst performance. (papers.ssrn.com) Analysts do better forecasting the earnings of female-led companies. (alphaarchitect.com) Skew There's nothing magical about positive skew.

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Startup Valuation Taxes Accounting 209

The Reformed Broker

JULY 25, 2023

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Dow Win Streak – “U.S. stocks closed higher, with the Dow posting its longest win streak in over six years” ►Earnings Recession – The earnings recession everyone’s talking about is backward lo.

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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 25, 2023

Markets The stock market sniffed out the lack of a recession in 2023. (awealthofcommonsense.com) Rubin Miller, "Annual forecasts are a deeply entrenched legacy exercise, disoriented toward client success but highly profitable for banks." (fortunesandfrictions.com) Strategy Why you should keep in mind the 'return on hassle' when it comes to your investments.

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Financial Advising Media Engineering Sales 130

Wealth Management

JULY 25, 2023

ESG investing isn’t political. It’s about picking companies and industries that are going to be leaders in a new, cleaner and more inclusive economy, writes Earth Equity Advisors' director of sustainable investing.

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Advisor Perspectives

JULY 25, 2023

Investors should consider diversifying their credit exposure with asset-backed lending strategies, which offer a fixed income allocation, a potential inflation hedge, and downside protection with collateralized assets.

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Assets 98

Calculated Risk

JULY 25, 2023

S&P/Case-Shiller released the monthly Home Price Indices for May ("May" is a 3-month average of March, April and May closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P S&P CoreLogic Case-Shiller Index Repeats Gains in May The S&P CoreLogic Case-Shiller U.S.

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Wealth Management

JULY 25, 2023

Rising interest rates and office property losses led to falling returns on their real estate investments for pension funds over the past fiscal year, reported The Wall Street Journal. San Francisco is seeing rising demand for office space from AI-focused firms, according to Bloomberg. These are among the must reads from around the commercial real estate industry.

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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

Calculated Risk

JULY 25, 2023

Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Decreased 0.5% year-over-year in May Excerpt: The recent increase in mortgage rates to near 7% will not impact the Case-Shiller index until reports are released in the Fall. Here is a comparison of year-over-year change in median house prices from the NAR and the year-over-year change in the Case-Shiller index.

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Sales 97

Wealth Management

JULY 25, 2023

Recorded live at the RIA Edge Conference, this episode offers an exclusive peek into Liz’s recent transition from investment banking to her new role as president of Cresset, one of the fastest-growing and most successful RIA firms.

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Banking Investing Investments 98

Million Dollar Round Table (MDRT)

JULY 25, 2023

By James E. Rogers, CLU, CFP The primary role model for me was MDRT member John F. Savage, CLU , of Toledo, Ohio, USA. Savage, who is now deceased, was a superb teacher by nature, and I enjoyed chatting with him. Savage’s book, “The Easy Sale,” explained how he sold as a life insurance agent. He used a lot of graphics, notably circles, to simply illustrate concepts.

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Wealth Management

JULY 25, 2023

Chris Kalin is a co-founder of Arnova Capital, an investment firm focused on systematic trading strategies that returned about 2,000% through June since its inception in the early 2000s.

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Investing Investments 97

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

JULY 25, 2023

One thing I’ve learned from studying market history is your general experience is rarely close to the historical averages. For example, the annual average return for the U.S. stock market over the past 95 years was 9.6%. But just 4 out of those 95 years experienced returns in the 8% to 12% range. The actual returns vary widely around that average.

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Marketing Marketing 72

Wealth Management

JULY 25, 2023

The service works with an advisors' tech stack to automate things like client onboarding and billing, and marks a new area of growth for the data analytics startup.

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Advisor Perspectives

JULY 25, 2023

BlackRock Inc.’s Rick Rieder says US high-yield risk premiums are not wide enough to entice investors, and that there are other areas of credit to consider allocating to.

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Wealth Management

JULY 25, 2023

Applications for the Eaton Vance Ultra-Short Income ETF, the Eaton Vance High Yield ETF and the Eaton Vance Intermediate Municipal Income ETF landed with the SEC on Monday.

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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

Calculated Risk

JULY 25, 2023

From WardsAuto: July U.S. Light-Vehicle Sales Tracking to 15.8-Million SAAR; Q3 Volume Forecast for 17% Increase (pay content). Brief excerpt: The initial outlook for Q3 is a 15.5 million-unit SAAR, a slight decline from Q2’s 15.6 million but above Q3-2022’s 13.3 million. However, as with July due to its atypical fifth weekend, there is upside to Q3, as well as the rest of the year, though that depends on continued steadiness in the economy, no major geopolitical disruptions and the impact from

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Sales Economy Marketing Marketing 52

Wealth Management

JULY 25, 2023

FHA loans and financing from debt funds are two options for multifamily developers while banks scale back on their real estate activity.

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Banking 98

Calculated Risk

JULY 25, 2023

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 10:00 AM, New Home Sales for June from the Census Bureau. The consensus is for 722 thousand SAAR, down from 763 thousand in May. • At 2:00 PM, FOMC Meeting Announcement.

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Sales 52

Wealth Management

JULY 25, 2023

A commission report from last month highlights the problem of forced arbitration clauses in contracts between RIAs and clients.

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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

Discipline Funds

JULY 25, 2023

The last two years have been quite the rollercoaster ride for financial markets. In 2022 the global stock market was down -18% and has rebounded +17% year to date. If you’d gone to sleep on December 31st of 2021 and just woken up you’d think nothing interesting happened during those two years. Of course, if you lived through it in real-time 2022 was pure panic and 2023 has been pure euphoria.

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Wealth Management

JULY 25, 2023

Engine No. 1 CEO Jennifer Grancio, 51, a founding member of BlackRock Inc.’s iShares ETF business, will join TCW as global head of ETFs.

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Engineering 93

WiserAdvisor

JULY 25, 2023

Hiring a financial advisor can provide several benefits that are essential for managing your financial well-being. A financial advisor possesses a deep understanding of complex financial concepts and can help you navigate the intricacies of investing, retirement planning, debt management, estate planning, succession planning, tax optimization, and more.

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Wealth Management

JULY 25, 2023

Another case that creates great client service opportunities involving redemption adjustments.

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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

Conneqtor

JULY 25, 2023

In the dynamic and competitive world of finance, assembling a talented and cohesive financial advisor practice team is instrumental in achieving sustainable success and delivering exceptional client service. As a financial advisor, you need to understand the significance of teamwork in effectively managing the diverse needs of your clients.

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Financial Advisor Clients Management 52

NAIFA Advisor Today

JULY 25, 2023

Tom Cothron is an agency manager for a multi-line insurance company offering auto, home, and life insurance products. Tom is a seasoned expert, spending 40-plus years dedicated to the financial services industry. He is a certified Life Underwriter Training Council Fellow (LUTCF) and a Financial Services Certified Professional (FSCP). He currently presides as NAIFAs President-Elect.

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FMG

JULY 25, 2023

We’re sharing Tuesday’s resources to help you better engage clients and prospects, no matter the channel you’re focused on. 5 Essential Lead Generation Tools for Financial Advisors via Advisorpedia Lead generation is key to the growth of your business, and with digital technology tools, generating qualified leads is growing easier and easier.

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