The Big Picture

MARCH 28, 2024

“Our comforting conviction that the world makes sense rests on a secure foundation: Our almost unlimited ability to ignore our ignorance.” – Daniel Kahneman The loss of Danny Kahneman is a reminder that we should review some of his work and apply them to the current market. I am fascinated by the idea of Narrative Fallacy (the term was actually coined by Nassim Taleb in “ The Black Swan “) and how it applies to pretty much ewverything.

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Manufacturing Economy Economics Portfolio 335

Abnormal Returns

MARCH 28, 2024

Books An excerpt from "On the Move: The Overheating Earth and the Uprooting of America" by Abrahm Lustgarten. (theatlantic.com) A Q&A with Jonathan Haidt author of "The Anxious Generation: How the Great Rewiring of Childhood Is Causing an Epidemic of Mental Illness." (davidepstein.substack.com) An excerpt from "Slow Productivity: The Lost Art of Accomplishment Without Burnout" by Cal Newport.

Communication 247

Communication Startup Assets Planning 247

Carson Wealth

MARCH 28, 2024

Retirement planning is a journey that generally takes decades to complete and most of us start out along the do-it-yourself path. More than likely, your first step was to enroll in an employer-provided plan such as a 401(k) or setting up an individual retirement account, also known as an IRA. But at some point, most of us need to graduate from the DIY approach and seek advice from a retirement planning professional.

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Retirement Planning Retirement Planning Taxes 142

Calculated Risk

MARCH 28, 2024

The DOL reported : In the week ending March 23, the advance figure for seasonally adjusted initial claims was 210,000 , a decrease of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 210,000 to 212,000. The 4-week moving average was 211,000, a decrease of 750 from the previous week's revised average.

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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

Wealth Management

MARCH 28, 2024

Investing in venture capital funds targeting tech start-ups carries high risks and requires a tolerance for decades of illiquidity. But all it takes is one outperforming company to make it worth it.

Investing 119

Investing Investments 119

Wealth Management

MARCH 28, 2024

Savant CEO and founder Brent Brodeski shares his playbook of success through M&A as a means to fill service gaps and expand his service model across 15 states, with national ambitions.

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Calculated Risk

MARCH 28, 2024

From the NAR: Pending Home Sales Rose 1.6% in February Pending home sales in January grew 1.6% , according to the National Association of REALTORS®. The Midwest and South posted monthly gains in transactions while the Northeast and West 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 – increased to 75.6 in February.

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Sales 112

Advisor Perspectives

MARCH 28, 2024

The S&P 500 closed out the first quarter of 2024 with another record close and finished Q1 up 10.2%. The index is currently up 10.79% year to date and has set a new record closing high 22 times so far this year.

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Calculated Risk

MARCH 28, 2024

Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in February A brief excerpt: Note: Most analysts were surprised by the increase in sales in February. Not housing economist Tom Lawler, or any readers of this newsletter. The local data clearly showed that sales - as reported by the NAR - would be up solidly in February.

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Marketing Marketing Sales 111

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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

MARCH 28, 2024

Borger Financial Services made the move from Hornor, Townsend & Kent for more flexibility and access to alternatives through an iCapital partnership.

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Financial Services 116

Calculated Risk

MARCH 28, 2024

All US markets will be closed in observance of Good Friday. Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Personal Income and Outlays for February. The consensus is for a 0.4% increase in personal income, and for a 0.5% increase in personal spending. And for the Core PCE price index to increase 0.3%.

Banking 109

Banking Marketing Marketing 109

A Wealth of Common Sense

MARCH 28, 2024

A reader asks: Ben always shares the long-run returns for stocks, bonds and cash. It’s essentially 10%, 5% and 3%. I know past is not predictive, blah, blah, blah but am well aware that cash has the lowest prospective returns of the main asset classes. Knowing this full well, I still want to keep 10% of my portfolio in cash in retirement so I can sleep at night.

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Portfolio Retirement Assets Asset Allocation 103

Calculated Risk

MARCH 28, 2024

What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For February, Realtor.com reported inventory was up 14.8% YoY, but still down almost 40% compared to February 2019. Now - on a weekly basis - inventory is up 25.5% YoY. Realtor.com has monthly and weekly data on the existing home market.

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Sales Numbers Marketing Marketing 105

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

MARCH 28, 2024

As advisory firms continue to confront the challenges of technology integration there are steps they can take to help mitigate them.

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The Irrelevant Investor

MARCH 28, 2024

Today’s Compound and Friends is brought to you by Rocket Money: Go to rocketmoney.com/compound to learn more about canceling your unwanted subscriptions On today’s show, we discuss: FTX founder Sam Bankman-Fried sentenced to 25 years The S&P 500 is poised for best start to year since 2019 U.S. sues Apple, alleges tech giant exploits illegal monopoly MiB: Danny Kahneman Subscribe here to The Compound I.

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Wealth Management

MARCH 28, 2024

John Bowen describes the research from his team at CEG Worldwide regarding what high-net-worth clients want most from their advisors.

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Clients Financial Advisor 108

Million Dollar Round Table (MDRT)

MARCH 28, 2024

By Antoinette Tuscano Just as there are many types of clients, there are many ways financial advisors can work and communicate with their clients to build engagement. MDRT members from around the world share what’s working for them in these videos, which were viewers’ favorites on MDRT’s YouTube channel so far this year. Learn more about branding, explaining complicated topics and referrals in these top three videos. 4 ways to find more clients When you build a referral system, you build a growi

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Clients Financial Advisor Communication 77

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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

MARCH 28, 2024

Boston-based KinneyMunro Wealth Advisors seeks to deliver "a differentiated investing experience.

Wealth Advisor 108

Wealth Advisor Investing Investments 108

Advisor Perspectives

MARCH 28, 2024

The National Association of Realtors® (NAR) released the latest monthly data for its pending home sales index. The index rose 1.6% in February to 75.6, exceeding the forecasted 1.4% growth. Pending home sales are down 7.0% from one year ago.

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Sales 64

Wealth Management

MARCH 28, 2024

In its 2nd acquisition of 2024, WEG picked up a firm with offices in Florida and New York.

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Advisor Perspectives

MARCH 28, 2024

In the week ending March 23, initial jobless claims were at a seasonally adjusted level of 210,000, a decrease of 2,000 from the previous week's revised figure. The latest reading is lower than the forecast of 212,000 jobless claims.

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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

MARCH 28, 2024

Structured notes can serve as a multi-tool to target various investment objectives.

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Investing Investments 112

Advisor Perspectives

MARCH 28, 2024

Real gross domestic product increased at an annual rate of 3.4% in Q4 2023, according to the final estimate. The latest estimate is higher than the forecasted 3.2% growth and is a slowdown from the Q3 2023 GDP final estimate of 4.9%.

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Wealth Management

MARCH 28, 2024

The limitations of traditional grantmaking are becoming increasingly clear.

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Advisor Perspectives

MARCH 28, 2024

The latest Chicago Purchasing Manager's Index (Chicago Business Barometer) fell to 41.4 in March from 44.0 in February. This is the fourth straight monthly decline and the lowest level for the index in ten months. The latest reading is worse than the 45.9 forecast and keeps the index in contraction territory for a fourth consecutive month.

Management 64

Management 64

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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

MARCH 28, 2024

Young people “have lost trust in older generations,” Fink wrote in his annual letter.

Retirement 101

Retirement 101

Calculated Risk

MARCH 28, 2024

From the BEA: Gross Domestic Product, Fourth Quarter and Year 2023 (Third Estimate), GDP by Industry, and Corporate Profits Real gross domestic product (GDP) increased at an annual rate of 3.4 percent in the fourth quarter of 2023 , according to the "third" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 4.9 percent.

Economics 64

Economics Investing Investments 64

Advisor Perspectives

MARCH 28, 2024

The final estimate for Q4 GDP came in at 3.40%, a deceleration from 4.86% for the Q3 final estimate. With a per-capita adjustment, the headline number is lower at 2.79%, a decrease from 4.24% for the Q3 headline number.

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Numbers 59