Abnormal Returns
MAY 18, 2023
Finance Zero-day options are changing how the stock market operates. (finance.yahoo.com) Managing cash is no longer an afterthought. (institutionalinvestor.com) RIP, once and for all, Libor. (economist.com) Funds Jon Hale looks at the evolution of sustainable investing over the past couple decades. (morningstar.com) ETFs are seeing increased adoption in Europe.
Nerd's Eye View
MAY 18, 2023
As a solo advisory firm owner grows their practice, they may reach capacity constraints that prompt them to hire an additional employee. While this can be a logical step in scaling their firm, some advisory firm owners may not anticipate the managerial challenges that come with hiring additional staff. And even though some firm owners may have originally thought they were ready to expand and take on an employee, they may later determine that they actually prefer operating on their own as a solo
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
The Big Picture
MAY 18, 2023
At Barron’s Independent Advisor Conference held in Dallas in March, I got to sit down with Greg Bartalos to discuss the idea of how advisors can use content as a way to enhance their business. The tagline is “ Want to create content, but not sure how to get started? The chairman and CIO of Ritholtz Wealth Management tells all ” but we really spend most of the time explaining why it doesn’t quite work the way people expect, and why it a lot of work, and far less lucrative
Abnormal Returns
MAY 18, 2023
Books An excerpt from "The Phoenix Economy: Work, Life, and Money in the New Not Normal" by Felix Salmon. (bigthink.com) A Q&A with Henry Grabar author of "Paved Paradise: How Parking Explains the World." (insidehook.com) An excerpt from "SBF: How the FTX Bankruptcy Unwound Crypto’s Very Bad Good Guy" by Brady Dale. (engadget.com) An excerpt from "King: A Life" by Jonathan Eig.
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.
The Big Picture
MAY 18, 2023
My morning train reads: • Here’s How Much Wealth You Need to Join the Richest 1% Globally : It takes $12.4 million to join Monaco’s wealthiest group The US, by comparison, requires $5.1 million to make the cut. ( Bloomberg ) • Brew Another Pot, Robinhood’s 24-Hour Stock Trading Is Here : As the company launches a new nighttime buying and selling feature, one Reddit poster asks: “Why would anyone want this?
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
MAY 18, 2023
Firms using AI tech to generate “customized” suggestions for clients may not realize those recommendations still fall under the best interest rule, warned a senior director at FINRA's annual conference.
MarketWatch
MAY 18, 2023
The WHO Technical Advisory Group on COVID-19 Vaccine Composition, or TAG-CO-VAC, said Thursday it’s recommending that future formulations of COVID-19 vaccines use newer variants in their composition, such as the XBB.1 descendant lineages, which are now dominant globally. The group is recommending the use of a monovalent XBB.1 descendent lineage, such as XBB.1.5, which is one of two variants of interest for the agency, along with XBB.1.6.
Wealth Management
MAY 18, 2023
Little more than a month ahead of its 10th anniversary, Steward Partners brought together hundreds of advisors in Nashville to share best practices, celebrate victories and hand out jerseys.
NAIFA Advisor Today
MAY 18, 2023
Errors & Omissions (E&O) insurance can be an essential part of every business' risk management plan. On Thursday, June 1 at 2 pm eastern, Ross Jordan, CPCU , of NAIFA partner CalSurance Associates will outline the current E&O landscape for financial professionals and give you loss prevention tips to help you protect your practice. In this Business Performance Center webinar, explore recent E&O claim trends, learn what other agents are doing to protect their businesses, and what k
Advertisement
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.
Wealth Management
MAY 18, 2023
Little more than a month ahead of its 10th anniversary, Steward Partners brought together hundreds of advisors in Nashville to share best practices, celebrate victories and hand out jerseys.
Calculated Risk
MAY 18, 2023
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 4.28 million SAAR in April; Median Prices Declined 1.7% YoY Excerpt: The second graph shows existing home sales by month for 2022 and 2023. Sales declined 23.2% year-over-year compared to April 2022. This was the twentieth consecutive month with sales down year-over-year.
Wealth Management
MAY 18, 2023
What exactly is a high net worth (HNW) investor, and what do these individuals want out of an advisor? And how can advisors attract and retain them more effectively?
Integrity Financial Planning
MAY 18, 2023
The year 1983 saw the release of some of the most iconic and timeless songs in music history. From pop to rock to new wave, this year had something for everyone. If you are headed into retirement and thinking about setting up a playlist of songs from when you were younger to celebrate, this list is for you. Let’s take a look at some of the best songs of 1983. “Every Breath You Take” by The Police This hauntingly beautiful song, written by Sting, topped the charts in 1983 and re
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.
Wealth Management
MAY 18, 2023
But the higher cost of capital and sellers holding on to 2022 prices is preventing some potential transactions from going through.
Calculated Risk
MAY 18, 2023
From STR: STR: U.S. hotel results for week ending 13 May U.S. weekly hotel performance produced mixed year-over-year comparisons, according to STR‘s latest data through 13 May. U.S. weekly hotel performance produced mixed year-over-year comparisons, according to STR‘s latest data through 13 May. • Occupancy: 65.1% (-2.0%) • Average daily rate (ADR): US$154.90 (+3.4%) • Revenue per available room (RevPAR): US$100.81 (+1.3%) Worsened comparisons than the week prior were expected and normal given s
Wealth Management
MAY 18, 2023
Today, more than ever, we must understand the macro global environment and its potential impacts on the local economy and real estate investment.
Calculated Risk
MAY 18, 2023
The DOL reported : In the week ending May 13, the advance figure for seasonally adjusted initial claims was 242,000 , a decrease of 22,000 from the previous week's unrevised level of 264,000. The 4-week moving average was 244,250, a decrease of 1,000 from the previous week's unrevised average of 245,250. emphasis added The following graph shows the 4-week moving average of weekly claims since 1971.
Advertisement
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.
Million Dollar Round Table (MDRT)
MAY 18, 2023
By Matt Pais, MDRT Content Specialist There are always plenty of variables when it comes to insurance, and disability policies are no exception. Ratings, in particular, can add complexity. Without experience, explaining the complicated nature of ratings to clients can be challenging for advisors. Corry Collins, CLU, CH.F.C. , a 20-year MDRT member from Halifax, Nova Scotia, Canada, has specialized in these products for close to 30 years and knows what to do when disability policies are issued wi
Calculated Risk
MAY 18, 2023
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from chief economist Danielle Hale: Weekly Housing Trends View — Data Week Ending May 13, 2023 • Active inventory was up at a slower pace, with for-sale homes up just 23% above one year ago. The number of homes for sale continues to grow, but at a slower pace compared to one year ago. • New listings–a measure of sellers putting homes up for sale–were down again this week, by 25% from one year ago.
The Irrelevant Investor
MAY 18, 2023
Today’s Compound and Friends is brought to you by Kraneshares: Thanks to Kraneshares for sponsoring this episode. See more information here on Kraneshares KLIP ETF. On today’s show, we discuss: About Davis Advisors Shoppers boosted retail sales in April, reversing two months of declines Homebuilder sentiment pulls out of negative territory for the first time in nearly a year Silicon Valley Bank Execs sold before.
A Wealth of Common Sense
MAY 18, 2023
A reader asks: I have recently shifted a substantial portion of the cash portion of my savings into 3-4 month T-bills to take advantage of higher yields and state tax advantages. As of today, they are all set to mature in June and July. I know a US debt default is highly unlikely, but the risk-averse part of me is still a little nervous about what would happen if Congress actually lets the unthinkable happen.
Advertisement
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!
Advisor Perspectives
MAY 18, 2023
April's ZHVI came in at $339.048, up 0.34% from March and up 3.30% from April 2022. This is the second consecutive monthly increase in home value. After adjusting for inflation, the real figures are -0.21% month-over-month and -4.45% year-over-year.
MarketWatch
MAY 18, 2023
Shares of Palantir Technologies Inc. PLTR were rallying 13% in afternoon trading after Cathie Wood’s Ark Investment disclosed the purchase of 1.26 million shares Wednesday across several of its funds. The Ark Innovation ETF ARKK added 912,193 shares of Palantir Wednesday, while the Ark Fintech Innovation ETF ARKF added 201,697 shares. The Ark Next Generation Internet ETF ARKW added 149,306 shares.
Random Roger's Retirement Planning
MAY 18, 2023
Bloomberg did a survey and found that Generation-X does not feel like it will be "financially prepared for retirement." We, I am on the older edge of Gen-X, also do not think Social Security will provide all that we were promised. It's due to "run out of money" in 10 or 11 years (kind of a moving target) which might lead to some sort of benefit reduction.
MarketWatch
MAY 18, 2023
Walt Disney Co. DIS is “actively preparing” for a shift that would let ESPN become a standalone streaming service, The Wall Street Journal reported Thursday. The report, which cited multiple unnamed sources, said that Disney has yet to decide when it would make this change. Disney would continue to offer EPSN as a television channel even after breaking it out into its own streaming service, the report noted, though live sports on ESPN are a big draw for the dwindling portion of consumers who pay
Advertisement
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.
Wealth Management
MAY 18, 2023
Vince Giovinazzo and Nick Della Vedova have left NFP to focus on RPAG and flexPATH.
MarketWatch
MAY 18, 2023
Nvidia Corp. shares NVDA were rising 2% in morning trading Thursday after the company announced two new graphics cards featuring the company’s Ada Lovelace architecture. The new GeForce RTX 4060 Ti and GeForce RTX 4060 products offer “twice the horsepower of the latest gaming consoles,” Nvidia said in a release. Nvidia’s GeForce RTX 4060 Ti 8GB will cost $399, with availability beginning May 24.
Wealth Management
MAY 18, 2023
Conferences are back. Here’s how advisors can make the most of them.
Expert insights. Personalized for you.
232 
Let's personalize your content