The Big Picture

JUNE 15, 2023

Vanguard is out with its annual deep dive into what its 5 million 401k participants are up to. The firm’s release of How America Saves is chock full of data and charts showing how 401k savings have reached all-time highs at Vanguard; I expect other large plan managers like Fidelity and Schwab to be at or near similar levels. VG credits the impact of automatic enrollment/contribution escalation as leading savers to this milestone. “ Record highs in participation, deferral rates, and the use of p

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Planning Asset Allocation Management Assets 277

Abnormal Returns

JUNE 15, 2023

Your Future Self A Q&A with Half Hershfield author of "Your Future Self: How to Make Tomorrow Better Today." (annieduke.substack.com) An excerpt from "Your Future Self: How to Make Tomorrow Better Today" by Hal Hershfield. (behavioralscientist.org) Health How excessive noise affects your body and health. (nytimes.com) Is EMDR a psychotherapeutic breakthrough, pseudoscience, or a little bit of both?

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Nerd's Eye View

JUNE 15, 2023

For many financial advisors, keeping an open line of communication with clients is a key component of building trust, understanding the client’s values, and developing a meaningful plan to help them reach their financial goals. However, despite efforts to ensure all clients understand the ‘big picture’ of their comprehensive plans, some clients may be tempted by other financial professionals offering attractive investment returns and promising better portfolio performance.

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Clients Investing Investments Communication 170

Abnormal Returns

JUNE 15, 2023

Strategy Five common portfolio mistakes including 'portfolio sprawl.' (morningstar.com) What do sell-side analysts actually do? (capitalgains.thediff.co) Companies Why Shopify ($SHOP) decided to out of the logistics business. (theinformation.com) Restaurant chain Cava ($CAVA) has priced its IPO. (cnbc.com) A hit product, like the InstantPot, doth not an enduring company make.

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Financial Advising Startup Valuation Economy 190

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

The Reformed Broker

JUNE 15, 2023

Final Trades: CrowdStrike, Transocean, KLA Corp. & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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A Wealth of Common Sense

JUNE 15, 2023

A reader asks: My wife and I are 42 with a 13-year-old son. We moved to Phoenix, AZ as immigrants 7 years ago with just a couple thousand dollars to our name. Since then have slowly progressed in our careers. At this point, here’s what we have accomplished financially: Annual combined income: $350k Cash in checking accounts: $230k Mortgage: $530k (28 years left) Investments through 401k, 529 plans: $100k Stock Ma.

Investing 128

Investing Investments Accounting Planning 128

Wealth Management

JUNE 15, 2023

A judge ordered Twitter to be evicted from an office in Boulder, Colo., after the company didn’t pay its rent, reports the Denver Business Journal. Starwood REIT is looking to sell 2,000 rental homes, according to Bloomberg. These are among the must reads from around the real estate investment world heading into the weekend.

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Investing Investments 111

Advisor Perspectives

JUNE 15, 2023

The Census Bureau's Advance Retail Sales Report for May was released this morning. Headline sales were up 0.3% month-over-month, above the expected 0.1% decrease. Core sales (ex Autos) were up 0.1% in May, in-line with expectations.

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Retail Sales 105

Wealth Management

JUNE 15, 2023

Also, Advisor360 releases its 2023 Connected Wealth Report results, Ned Dane joins AdvisorEngine as chief growth officer, and Betterment partners in 529 plan rollout.

Planning 103

Planning 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

Advisor Perspectives

JUNE 15, 2023

This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions rose 38.4 points from last month to 6.6, its biggest monthly increase in 3 years. This morning's reading was well above the forecast of -16.0 and puts the index back into expansion territory for the second time in three months.

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Manufacturing 98

Trade Brains

JUNE 15, 2023

Best PSU Banks in India : The economy of every nation revolves around its financial sector. When India got its independence, it was necessary to establish a robust financial system to handle the growth of credit. The Indian government purchased and formed public sector banks to address this issue. It enabled them to offer a wide range of support initiatives and offering interest at rates lower than private banks.

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Banking Government Accounting Insurance 98

Wealth Management

JUNE 15, 2023

Alan Zafran and Eric Harrison, two of the three co-CEOs and founding partners of IEQ Capital, discuss making two leaps to independence from Merrill to Luminous then First Republic to IEQ and share their journey and formula for growth they mastered along the way.

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Calculated Risk

JUNE 15, 2023

Today, in the Calculated Risk Real Estate Newsletter: Lawler: Update on Mortgage/Treasury Spreads A brief excerpt: From housing economist Tom Lawler: Last May I wrote a two-part piece on why the spread between the 30-year fixed-rate mortgage rate and the 10-year Treasury rate had widened significantly from the end of 2021 to early May of last year, and explained why changes in the yield curve, changes in market-implied interest rate volatility, and the end of the Federal Reserve’s misplaced MBS

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Distribution Marketing Marketing 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

Alpha Architect

JUNE 15, 2023

Summary: no difference in average returns between large-cap and small-cap portfolios. There you have it. The small-cap sacred cow has been slaughtered. Long-Only Value Investing: Size Doesn’t Matter! was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Investing 91

Investing Investments Portfolio 91

Wealth Management

JUNE 15, 2023

As much as $3.7 trillion in client assets will be up for grabs in the RIA space over the next five years—and private equity firms want in.

Assets 103

Assets Clients 103

Advisor Perspectives

JUNE 15, 2023

May's ZHVI came in at $346,270, up 0.46% from April and up 2.02% from May 2022. This is the third consecutive monthly increase in home value. After adjusting for inflation, the real figures are -0.06% month-over-month and -5.58% year-over-year.

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Wealth Management

JUNE 15, 2023

We strongly encourage property owners and operators to proactively engage in capital market discussions well in advance of imminent capital needs.

Marketing 99

Marketing Marketing 99

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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

JUNE 15, 2023

From the Fed: Industrial Production and Capacity Utilization Industrial production edged down 0.2 percent in May following two consecutive months of increases. In May, the index for manufacturing ticked up 0.1 percent, while the indexes for mining and utilities fell 0.4 and 1.8 percent, respectively. At 103.0 percent of its 2017 average, total industrial production in May was 0.2 percent above its year-earlier level.

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Manufacturing 82

Wealth Management

JUNE 15, 2023

The tightening of lending standards in recent months is also making B-pieces more attractive, market participants say.

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Marketing Marketing 110

Clever Girl Finance

JUNE 15, 2023

Want to save money on buying food and spend less time cooking? Then one-pot meals are the answer. They are a delicious and convenient way to prepare healthy and low-cost meals. And we’ve got 20 great ideas to share with you as you create your meal plan! Table of contents 20 Easy one pot meals for breakfast, lunch and dinner One pot meals for breakfast Easy one pot meals for lunch Easy one pot dinners What are one pot meals?

Food 80

Food Budgeting Planning Sales 80

Advisor Perspectives

JUNE 15, 2023

Fintech can be a good way to combine the value opportunities of a technology stock with the stability often offered by financial institutions. Here’s what you need to know.

Investing 105

Investing Investments 105

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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

Calculated Risk

JUNE 15, 2023

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from economist Jiayi Xu: Weekly Housing Trends View — Data Week Ending June 10th, 2023 • Active inventory growth slowed again, with for-sale homes up just 10% above one year ago. The number of homes for sale continues to grow, but compared to one year ago, the pace is slowing.

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Sales Numbers Planning Marketing 75

Wealth Management

JUNE 15, 2023

The incident sparked a sensitive review overseen by senior leaders. The partner and the woman who complained left the firm by early 2021.

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Calculated Risk

JUNE 15, 2023

On a monthly basis, retail sales were up 0.3% from April to May (seasonally adjusted), and sales were up 1.6 percent from May 2022. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for May 2023, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $686.6 billion, up 0.3 percent from the previous month , and up 1.6 percent above May 2022.

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Retail Sales Food 75

Advisor Perspectives

JUNE 15, 2023

A diligent worker who invests for retirement will effectively lose the value of the dollars they’ve saved if they don’t also make an investment in their health.

Investing 103

Investing Investments Retirement 103

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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

MarketWatch

JUNE 15, 2023

Carlisle Companies Inc. CSL said Thursday it agreed to sell its Carlisle Fluid Technologies (CFT) unit to an affiliate of private equity firm Lone Star Funds for $520 million. The deal is expected to close in the third quarter of 2023. CFT generated $297 million of revenue in 2022. Carlisle Cos. CEO Chris Koch said the transaction “advances our drive to construct a concentrated portfolio of construction materials businesses emphasizing a superior capital allocation approach to investments.

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Portfolio Investing Investments Marketing 76

Wealth Management

JUNE 15, 2023

AI is off to a poor start in the race of trying to beat the stock market.

Marketing 107

Marketing Marketing 107

MarketWatch

JUNE 15, 2023

Mullen Automotive Inc. MULN stock is up 12% in premarket trades on Thursday after the company said it remains on track to meet its previously announced objective of production and sale of its Class 3 commercial electric vehicles during the quarter ending Sept. 30. The Brea, Calif.-based company said it has received $279 million in purchase orders from Randy Marion Automotive Group for Mullen Class 1 and Class 3 EV vans and trucks.

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Sales Marketing Marketing 75