The Big Picture
APRIL 9, 2024
Between book leave and COVID I have been pretty quiet lately. Since it’s been a few months, I thought we could take a quick look at the Federal Reserve Bank of Philadelphia’s State Coincident Indicators out for both January and February 2024.1 As the charts above show, the economy on a state-by-state basis has markedly improved from Q4 2023’s softening.
Abnormal Returns
APRIL 9, 2024
Markets Investors are coming to terms with higher short-term interest rates. (nytimes.com) All the narrative rolling around the markets including 'Sticky inflation.' (ft.com) Crypto A spot Bitcoin ETF has provided crypto skeptics cover to get into the business. (barrons.com) The rise in Bitcoin has caused some long term holders to sell. (coindesk.com) Finance Financial institutions are increasingly relying on the public cloud operators.
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Nerd's Eye View
APRIL 9, 2024
Welcome everyone! Welcome to the 380th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Andrew Leonard. Andrew is the Managing Partner of Geometric Wealth Advisors, an RIA based in Washington, D.C., that oversees approximately $750 million in assets under management for about 200 client households. What's unique about Andrew, though, is how his firm has been able to triple its AUM in the past 4 years while offering a high-touch client experience by adopting the a
Abnormal Returns
APRIL 9, 2024
Private equity What happens when you 'de-smooth' private equity returns? (institutionalinvestor.com) Why do private equity fees vary so widely? (alphaarchitect.com) Work Getting an internship at a top multi-strategy hedge fund is a good, but tough to get, gig. (pionline.com) Women in the C-suite lost ground in 2023. (washingtonpost.com) On the life of a university endowment CIO.
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 Irrelevant Investor
APRIL 9, 2024
The most important thing that determines how successful you are in life cannot be quantified. Success is a loaded word that means different things to everyone. At its core, success is happiness. Hard stop. If you’re rich and miserable, you’re not successful. There’s a hierarchy of happiness. At the foundational level is health. Without that, you have nothing.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
APRIL 9, 2024
Adopting an adaptive approach to retirement planning acknowledges the dynamic nature of spending patterns and emphasizes flexibility in financial strategies.
NAIFA Advisor Today
APRIL 9, 2024
NAIFA has redesigned and relaunched the Life Underwriting Training Council Fellow (LUTCF®) program, a three-course training series for one of the most sought-after designations in the insurance industry. Since 1984, NAIFA’s LUTCF has prepared more than 70,000 insurance and financial professionals to excel in the industry and is often the first designation successful agents and advisors earn.
Wealth Management
APRIL 9, 2024
The brokerage regulator settled two cases related to the SEC’s rule this week; one securities attorney believes FINRA has now established itself as the “primary regulator” of the rule.
Calculated Risk
APRIL 9, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, The Consumer Price Index for March from the BLS. The consensus is for 0.4% increase in CPI (up 3.5% YoY) and a 0.3% increase in core CPI (up 3.7% YoY).
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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.
Wealth Management
APRIL 9, 2024
Michael Tiedemann talks about taking two companies public via SPAC, raising capital and what he and his partners are building at AlTi Tiedemann Global.
Advisor Perspectives
APRIL 9, 2024
Having a comprehensive retirement income plan that is regularly updated, accommodates changes in spending needs, inflation, market fluctuations and taxes is crucial for peace of mind in retirement.
Wealth Management
APRIL 9, 2024
Foster's firm, Angeles Wealth Management, has a 40% compound growth rate without tapping the M&A markets by fostering a “culture of storytellers.
Random Roger's Retirement Planning
APRIL 9, 2024
Bob Elliott who runs the Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) wrote a blog post that could be summed up as diversifying your diversifiers but anchoring your alts bucket around managed futures will get the best result. He referred to the non-managed futures alts at "diversified alpha" but never specified what strategies to include with managed futures.
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.
A Wealth of Common Sense
APRIL 9, 2024
Finance people spend a lot of time worrying. About the next recession. The next bear market. The next Black Swan event. The level of interest rates and inflation and valuations and the Fed and basically everything else. This makes sense. The bad stuff hurts more than the good stuff feels good so risk management rules the day. I’m a finance guy so I worry about plenty of these things too.
Million Dollar Round Table (MDRT)
APRIL 9, 2024
By Bryce Sanders Zoom events are fine, but people still want to engage in person, including at seminars. As much as people want to step away from Zoom and go to in-person events, though, seminars not done well could yield disappointing results and be an inefficient use of your marketing and prospecting time as a financial advisor. To make the most of seminars, avoid these three mistakes and mindsets: Invitations alone aren’t enough.
Advisor Perspectives
APRIL 9, 2024
Let's take a close look at March's employment report numbers on Full and Part-Time Employment. The latest data shows that 82.3% of total employed workers are full-time (35+ hours) and 17.
Wealth Management
APRIL 9, 2024
Heald Financial Advisors and Claricity Wealth became Stratos Private Wealth in its first expansion since the division launched last spring.
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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.
The Irrelevant Investor
APRIL 9, 2024
Today’s Animal Spirits is brought to you by Pacer ETFs and Fabric by Gerber Life See here for more information on Pacer ETFs Go to meetfabric.com/spirits for more information on life insurance from Fabric by Gerber Life See here for tickets to The Compound and Friends LIVE in Los Angeles On today’s show, we discuss: S&P 500 trackers hit a record 27% of 2023 equity ETF flows What’s wrong with the economy.
Wealth Management
APRIL 9, 2024
Managing Partner and Chief Strategy Officer Burt White will take over for Carson as chief executive of the $35.5 billion AUM RIA.
Advisor Perspectives
APRIL 9, 2024
I offer a collection of observations and beliefs based on my 48 years of experience in the financial services business, which includes stints as either president or CEO of five different TAMPs and a consulting firm.
Wealth Management
APRIL 9, 2024
The new role will partly support 55ip, whose CEO, Paul Gamble, revealed last week that he would step down from that post in September.
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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!
Advisor Perspectives
APRIL 9, 2024
Multiple jobholders account for 5.3% of civilian employment. The survey captures data for four subcategories of the multi-job workforce, the relative sizes of which we've illustrated in a pie chart.
Wealth Management
APRIL 9, 2024
The IMF raised red flags about the growing private credit market. Blackrock’s bitcoin ETF now has almost $18 billion in assets, putting it in the top 3% of all ETFs ever launched. These are among the investment must reads we found this week for wealth advisors.
Calculated Risk
APRIL 9, 2024
Today, in the Calculated Risk Real Estate Newsletter: An Update on the House Price Battle Royale: Low Inventory vs Affordability A brief excerpt: Almost a year ago I wrote: House Price Battle Royale: Low Inventory vs Affordability. Here is an update as the battle continues! I’ve been wrestling with the impact on house prices of the rapid increase in mortgage rates and monthly payments over the last two years.
Wealth Management
APRIL 9, 2024
A group of former Merrill Lynch advisors have launched Fairvoy Private Wealth in Birmingham, Ala.
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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.
Calculated Risk
APRIL 9, 2024
Note: I covered apartments and offices in the newsletter: Moody's: Apartment Vacancy Rate Unchanged in Q1; Office Vacancy Rate at Record High From Moody’s Analytics economists: Apartment and Retail in Holding Pattern, Office Evolution and Stress Continued, And Industrial Fundamentals Leveled Off Q1 2024 data revealed trends similar to those observed in 2023, with retail vacancy rate remaining stable at 10.3%.
Wealth Management
APRIL 9, 2024
The Somnio Wealth team in Louisville, Ky., joins LPL after 14 years with Ameriprise.
Advisor Perspectives
APRIL 9, 2024
In this article, I outline five common mistakes RIAs make when addressing complaints and outline best practices for crafting an effective game plan to handle them.
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