The Big Picture

FEBRUARY 29, 2024

A century of tech adoption in 30 seconds click for animation Source: Blackrock The post U.S. Technology Adoption, 1900-2021 appeared first on The Big Picture.

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Abnormal Returns

FEBRUARY 29, 2024

Crypto Memecoins are soaring. (theblock.co) A skeptical take on crypto, and factors. (ft.com) Brokers WeBull is going public via a SPAC deal. (wsj.com) Robinhood ($HOOD) wants to provide IRAs to gig workers. (investmentnews.com) Finance Banks are now lending to private credit funds. (semafor.com) Why Goldman Sachs ($GS) trades at a discount to the stock market.

Financial Advising 211

Financial Advising Media Economy Banking 211

Wealth Management

FEBRUARY 29, 2024

The firm’s board is already conducting a search for his successor. Additionally, Greg Davis has been appointed as president in addition to his current role as chief investment officer.

Investing 142

Investing Investments 142

Calculated Risk

FEBRUARY 29, 2024

From the NAR: Pending Home Sales Receded 4.9% in January Pending home sales in January dropped 4.9% , according to the National Association of REALTORS®. The Northeast and West posted monthly gains in transactions while the Midwest and South recorded losses. All four U.S. regions registered year-over-year decreases. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – decreased to 74.3 in January.

Sales 130

Sales 130

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

A Wealth of Common Sense

FEBRUARY 29, 2024

A reader asks: What’s the biggest risk in the markets right now? The simple answer here is the one everyone has been preparing for over the past 24 months — a recession. In the post-WWII era, the U.S. economy has slipped into a recession roughly once every 5 years or so, on average. Look at how spaced out those recessions (the grey bars) have become in recent decades: From the late-1940s through the early-198.

Economy 123

Economy Marketing Marketing 123

Advisor Perspectives

FEBRUARY 29, 2024

Personal income ( excluding transfer receipts ) rose 0.7% in January and is up 5.4% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.3% month-over-month and 2.9% year-over-year.

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Calculated Risk

FEBRUARY 29, 2024

Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in January; Up 6.2% Year-over-year A brief excerpt: On a year-over-year basis, the National FMHPI was up 6.2% in January , from up 6.3% YoY in December. The YoY increase peaked at 19.1% in July 2021, and for this cycle, bottomed at up 0.9% YoY in April 2023.

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Wealth Management

FEBRUARY 29, 2024

Wealth Management IQ and Discovery Data have compiled a list of RIAs growing fast while keeping sight of their priorities: the client experience and the sustainability of the business.

Wealth Management 107

Wealth Management Clients Management 107

Calculated Risk

FEBRUARY 29, 2024

The BEA released the Personal Income and Outlays report for January: Personal income increased $233.7 billion (1.0 percent at a monthly rate) in January , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes, increased $67.6 billion (0.3 percent) and personal consumption expenditures (PCE) increased $43.9 billion (0.2 percent).

Food 105

Food Taxes Economics 105

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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

Wealth Management

FEBRUARY 29, 2024

The dips in M&A and total assets in 2022 should have been a wakeup call for the industry to return its focus to organic growth.

Assets 124

Assets 124

Advisor Perspectives

FEBRUARY 29, 2024

With the release of January's report on personal incomes and outlays, we can now take a closer look at "real" disposable personal income per capita. At two decimal places, the nominal 0.29% month-over-month change in disposable income comes to -0.05% when we adjust for inflation. The year-over-year metrics are 4.00% nominal and 1.56% real.

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Wealth Management

FEBRUARY 29, 2024

Growth-minded RIAs often look to bring new services to clients. Research from WMIQ and Marshberry shows widely different motivations and approaches—and sometimes elevated expectations for the impact on firm value.

Clients 106

Clients 106

Carson Wealth

FEBRUARY 29, 2024

Tom Fridrich, JD, CLU, ChFC ® , Manager and Senior Wealth Planner Giving something you own to someone else. It’s a simple, human act – one that seems like it shouldn’t take too much planning to do it correctly. But when does gifting become a tax issue? What do you need to consider about gifting as it relates to your overall estate plan? Let’s take a closer look at estate and gift taxes and how you can approach them with a financial planning mindset.

Taxes 96

Taxes Financial Planning Planning Estate Planning 96

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

FEBRUARY 29, 2024

Brett Bernstein realized that he could not achieve his vision and goals within the wirehouse world. So he set out to build his own practice. When he outgrew that, he built a firm. Now, he’s building an enterprise.

Financial Advisor 104

Financial Advisor 104

Random Roger's Retirement Planning

FEBRUARY 29, 2024

More quick hits. Flow Financial Planning blogged about something it calls Coast FIRE. It's a play on FIRE which stands for financial independence/retire early. We've looked at this quite a few times favoring the idea of achieving some measure of financial independence but not so much actually retiring early. Coast FIRE is a catchier phrase for an idea we've narrowed in on which is the optionality that goes with making some good financial decisions early on so that you have more optionality later

Retirement 87

Retirement Assets Portfolio Financial Planning 87

Wealth Management

FEBRUARY 29, 2024

The agency this week is sending letters to target 125,000 cases of taxpayers with incomes of more than $400,000 who didn’t file returns between the years 2017 and 2021.

Taxes 102

Taxes 102

Million Dollar Round Table (MDRT)

FEBRUARY 29, 2024

By Bryce Sanders If you want to target the affluent as clients, it makes sense to connect with people with enough money to donate to worthy causes. You can meet them while you’re using your sales abilities yet not prospecting. Instead, it can be done in a way where you’ll help the community together. Here’s how this could work. Many insurance agents and financial advisors have a charitable organization they care about.

Nonprofit 82

Nonprofit Financial Advisor Insurance Sales 82

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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

FEBRUARY 29, 2024

Merrill and Wells Fargo join Charles Schwab Corp. and Robinhood Markets Inc., which started offering the spot Bitcoin ETFs shortly after their approval.

Banking 105

Banking Clients Marketing Marketing 105

Random Roger's Retirement Planning

FEBRUARY 29, 2024

Barron's had a quick profile on the Blackrock Flexible Income Fund (BINC) which is an active ETF managed by Rick Reider. I am less interested int he fund than this excerpt from the beginning of the article. It pretty much parrots what we've been talking about here for ages. I've been saying meaningful yield without too much volatility is what investors hope the bond portion of their portfolio will give.

Marketing 77

Marketing Marketing Math Portfolio 77

Wealth Management

FEBRUARY 29, 2024

A public filing cited an “organizational realignment of certain business functions” as the reason for the departure.

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The Irrelevant Investor

FEBRUARY 29, 2024

Today’s Compound and Friends is brought to you by Public: See here for more information on Publics recently launched option-trading capabilities On today’s show, we discuss: $1B donation will provide free tuition at a Bronx medical school Warren Buffet was there for the Japanese market rally 9 stock tips hiding in Warren Buffett’s latest letter to Berkshire shareholders Trian’s Disney shares have.

Medical 72

Medical Marketing Marketing 72

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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

FEBRUARY 29, 2024

Advisor Seth Marshall cited LPL’s evolution and specialized resources for high-net-worth clients as reasons for his return.

Clients 107

Clients 107

Calculated Risk

FEBRUARY 29, 2024

From the Las Vegas Visitor Authority: January 2024 Las Vegas Visitor Statistics With a room inventory with roughly 4,300 more rooms than last year, est. visitor volume reached 3.38M, up 3.3% YoY. Despite the larger room inventory vs. Jan 2023, overall hotel occupancy for the month was on par with last January at 78.9% (down ‐0.2 pts). Affected in part by the move of the CES tradeshow back to midweek dates this January instead of the weekend dates it spanned last January, Weekend occupancy for th

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Wealth Management

FEBRUARY 29, 2024

There isn’t a way to make K-1s shorter or less complex. But advisors and clients can cut down on their workload by “bringing organization to the chaos of chasing down K-1s”, says Arch co-founder Ryan Eisenman.

Assets 73

Assets Taxes Clients 73

Advisor Perspectives

FEBRUARY 29, 2024

The BEA's Personal Income and Outlays report revealed inflation cooled further in January. Core PCE, the Fed's favored measure of inflation, was up 0.4% from December and slowed to 2.8% year-over-year, the lowest reading since March 2021 and one step closer to the Fed's 2% target rate.

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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

FEBRUARY 29, 2024

Educate children to be proper stewards of the unique assets they will inherit.

Education 111

Education Assets 111

Calculated Risk

FEBRUARY 29, 2024

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 10:00 AM ET, ISM Manufacturing Index for February. The consensus is for the ISM to be at 49.2, up from 49.1 in January. • At 10:00 AM, Construction Spending for January. The consensus is for a 0.2% increase in construction spending. • At 10:00 AM, University of Michigan's Consumer sentiment index (Final for February). • All day, Light vehicle sales for February.

Sales 66

Sales Manufacturing 66

Advisor Perspectives

FEBRUARY 29, 2024

The latest Chicago Purchasing Manager's Index (Chicago Business Barometer) fell to 44.0 in February from 46.0 in January, marking the third straight monthly decline. The latest reading is worse than the 48.1 forecast and keeps the index in contraction territory for a third consecutive month.

Management 64

Management 64