The Big Picture

AUGUST 2, 2023

My mid-week morning Plane reads: • A Generational Change : People view bonds as competition for stocks as a bad thing. But it’s not.( Irrelevant Investor ) see also Stocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99 : Fixed income underwhelms as Teflon economy strands bears More than half of JPMorgan clients now see no recession. ( Bloomberg ) • Local Malls, Stuck in ‘Death Spiral,’ Plunge in Value Crystal Mall in Connecticut, worth $150 million in 2012, recently sold for $9.5 mill

Economy 246

Economy Investing Investments Banking 246

Nerd's Eye View

AUGUST 2, 2023

Adoption, the social and legal process in which an adult is formally made the parent of another individual (typically a child), helps fill a critical need in society: to unite children who need loving families with those who want to raise children. At the same time, adoption can be expensive, with costs that can add up to $70,000 or more. Which means that financial advisors can play an important role in adoption planning – helping clients strategically plan for the costs involved in the pr

Taxes 215

Taxes Planning Financial Advisor Strategic Planning 215

Abnormal Returns

AUGUST 2, 2023

Markets August is not a historically strong month for the stock market. (carsongroup.com) European IPOs have nearly come to a halt. (ft.com) Five lessons investors have learned in 2023 including 'An inverted yield curve does not spell immediate doom.' (economist.com) Fitch Now only 9 countries are rated AAA across the board. (finance.yahoo.com) What does Fitch know that everyone else doesn't?

Financial Advising 194

Financial Advising Engineering Food Media 194

The Reformed Broker

AUGUST 2, 2023

Earnings are justifying the rally, but aren’t on further gains, says Ritholtz’s Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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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

AUGUST 2, 2023

Podcasts Douglas Boneparth and Morgan Housel talk with Ben Carlson about why doing nothing can often be the best strategy. (youtube.com) Jon Luskin talks with Jonathan Clements who is the editor of "My Money Journey and How to Think About Money." (bogleheads.podbean.com) Tim Ranzetta talks with Paul Soucy, Editor at NerdWallet, on the world of credit cards.

Retirement 193

Retirement Taxes Investing Investments 193

Calculated Risk

AUGUST 2, 2023

The BEA released their estimate of vehicle sales for July today. This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the July 2023 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019.

Sales 98

Sales 98

Wealth Management

AUGUST 2, 2023

In a new risk alert, SEC examiners stressed that firms have appropriate staffing to comply with AML regulations, especially after the wave of sanctions following Russia’s invasion of Ukraine.

Compliance 98

Compliance 98

Calculated Risk

AUGUST 2, 2023

The Census Bureau released the Residential Vacancies and Homeownership report for Q2 2023 today. The results of this survey were significantly distorted by the pandemic in 2020. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates. However, there are serious questions about the accuracy of this survey.

Numbers 97

Numbers Media 97

Validea

AUGUST 2, 2023

By Justin Carbonneau ( Twitter | LinkedIn | YouTube ) — I’ve probably watched this Alan Stein Jr. motivational speech on Kobe Bryant at least dozen times (ok, probably like two dozen). You should watch the clip , but the essence of the story is that Kobe Bryant’s greatness and success on the court basically comes down to hard work, dedication and an obsessive focus and ability to “ never get bored with the basics ”.

Wealth Accumulation 94

Wealth Accumulation Ethics Investing Investments 94

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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

AUGUST 2, 2023

Today, in the Calculated Risk Real Estate Newsletter: How Much will the Fannie & Freddie Conforming Loan Limit Change for 2024? A brief excerpt: With house prices mostly unchanged over the last year, an interesting question is: How much will the Fannie & Freddie conforming loan limits (CLL) change for 2024? And how much will the FHA insured loan limits change?

License 96

License Sales Insurance Numbers 96

Clever Girl Finance

AUGUST 2, 2023

Are you considering starting a side hustle? Perhaps you imagine quitting your job one day to take your business full-time, or maybe you just need to make a little extra money in your spare time. When launching a successful side hustle, there are several foundational things you should have in place. Table of contents What exactly is a side hustle and how can it benefit you?

Business Planning 94

Business Planning Planning Food Budgeting 94

Wealth Management

AUGUST 2, 2023

With offices in GA and SC, Calvary brings Homrich Berg to almost $14 billion in AUM as it expands its regional presence in the nation’s Southeast.

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A Wealth of Common Sense

AUGUST 2, 2023

Today’s Animal Spirits is brought to you by Future Proof: Register here On today’s show, we discuss: All major asset classes now posting gains YTD Birth, death, and wealth creation Everyday investors are thriving in a world awash in yield What Fed hikes? Much of America’s consumer debt is still riding ultralow interest rates Unemployment rate at or near record lows in half of US States Freddie.

Assets 66

Assets 66

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

Wealth Management

AUGUST 2, 2023

Mercer is expanding its footprint in California and Texas and bolstering its estate planning capabilities with two deals announced this week.

Estate Planning 98

Estate Planning Assets Planning 98

Random Roger's Retirement Planning

AUGUST 2, 2023

More Generation X retirement doom today from both Bloomberg and Yahoo. Grim numbers aplenty with average 401k balances in the very low six figures and median numbers much lower than that. Part of the Bloomberg article cited a study from Schwab that showed respondents believing they need $1.8 million for retirement which is up from $1.7 million last year.

Retirement 69

Retirement Budgeting Numbers Taxes 69

Wealth Management

AUGUST 2, 2023

The deal could be just the first of several in the lead-gen, referral and marketing space that seeks to add reviews and ratings tech.

Marketing 98

Marketing Marketing 98

Advisor Perspectives

AUGUST 2, 2023

The unexpected downgrade of US government debt sent shockwaves across the economic and political landscapes. In financial markets, the move was met with what amounts to a shrug.

Government 52

Government Economics Financial Market Marketing 52

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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

AUGUST 2, 2023

Rothschild Investment Corporation said it plans to continue in the M&A market, adding up to $1 billion in AUM annually.

Planning 98

Planning Investing Investments Marketing 98

Advisor Perspectives

AUGUST 2, 2023

Central bank policies are set to diverge from the steady hikes characterizing the first half of 2023, contributing to increased market volatility for the remainder of the year.

Banking 52

Banking Marketing Marketing 52

Wealth Management

AUGUST 2, 2023

The discourse has to move on from marketing platitudes to practical guidance for policyholders and their advisors.

Marketing 98

Marketing Marketing 98

Advisor Perspectives

AUGUST 2, 2023

VettaFi’s vice chairman Tom Lydon discussed the ETF of the Week: WisdomTree US SmallCap Earnings Fund (EES) on this week’s “ETF of the Week” podcast with Chuck Jaffe of “Money Life.

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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

Wealth Management

AUGUST 2, 2023

The Oregon quartet specialized in retirement planning manages around $230 million in client assets.

Retirement Planning 98

Retirement Planning Retirement Assets Clients 98

Validea

AUGUST 2, 2023

By Justin Carbonneau ( Twitter | LinkedIn | YouTube ) — I’ve probably watched this Alan Stein Jr. motivational speech on Kobe Bryant at least dozen times (ok, probably like two dozen). You should watch the clip , but the essence of the story is that Kobe Bryant’s greatness and success on the court basically comes down to hard work, dedication and an obsessive focus and ability to “ never get bored with the basics ”.

Wealth Accumulation 52

Wealth Accumulation Ethics Investing Investments 52

Wealth Management

AUGUST 2, 2023

International ETFs were among those posting the best returns over the last year.

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Trade Brains

AUGUST 2, 2023

Fundamental Analysis of Shriram Pistons & Rings: Post-Covid, the auto cycle in India turned around with many OEMs clocking impressive vehicle sales. With it, the finances of auto components producers also improved as they are dependent on large automakers. While most auto stocks have rallied, watchful investors may find good bets among smaller peers.

Planning 52

Planning Manufacturing Engineering Sales 52

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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

Wealth Management

AUGUST 2, 2023

It's the third firm the RIA has "acquihired" in 2023.

Wealth Advisor 98

Wealth Advisor 98

Bell Investment Advisors

AUGUST 2, 2023

July saw a continuation of the global stock market recovery that began last October. Both U.S. and developed international stock markets increased by about 3%. Global small-cap stocks and emerging market equities, which had previously been weaker performers, delivered even better returns of 5% to 6%. The Fed increased their policy rate by an additional 0.25% during their July 26th meeting, boosting the yield on short-term bonds.

Economy 52

Economy Valuation Investment Advisor Economics 52

Wealth Management

AUGUST 2, 2023

Open, honest and candid discussions about the latest news in the RPA industry.

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