Mon.Mar 06, 2023

article thumbnail

10 Monday AM Reads

The Big Picture

My back-to-work morning train WFH reads: • Silicon Valley Confronts the End of Growth. It’s a New Era for Tech Stocks. Silicon Valley could use a reboot. The biggest players aren’t growing, and more than a few are seeing sharp revenue declines. Regulators seem opposed to every proposed merger, while legislators push for new rules to crack down on the internet giants.

article thumbnail

The Latest In Financial #AdvisorTech (March 2023)

Nerd's Eye View

Welcome to the March 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that Conquest, a Canadian financial planning software provider (founded by the prior founder of NaviPlan) has raised $24M (CAD) of private equity capital in preparation for expanding its reach into the US &

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Adviser links: behavioral coaching

Abnormal Returns

Podcasts Christine Benz and Jeff Ptak talk with Stacy Francis who is president and CEO of Francis Financial about working with female clients. (morningstar.com) Brendan Frazier talks with Ted Klontz about how to better motivate, communicate and connect with clients and prospects. (wiredplanning.com) Daniel Crosby talks with Sam Sivarajan author of "Uphill: How to Apply Ancient Wisdom and Modern Science to Life's Choices and Challenges.

article thumbnail

A Financial Planner Takes ChatGPT for a Test Drive

Advisor Perspectives

I took ChatGPT for a test drive by directing it to write an article summarizing important tax rule changes introduced by SECURE Act 2.0. The essay it produced was an epic failure.

article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

article thumbnail

Monday links: successful relationships

Abnormal Returns

Companies Citadel's investment in weather forecasting is paying off big time. (ft.com) Substack has built itself into a 'multi-media powerhouse.' (generalist.com) CRE Landlords are waiving rent to keep buildings occupied. (wsj.com) Workers are reluctant to return to second-rate office space. (axios.com) Streaming Why are streaming boxes not getting any better?

More Trending

article thumbnail

: Nutanix stock falls as early results top expectations

MarketWatch

Nutanix Inc. NTNX shares rose then fell in the extended session Monday after the hyperconverged-infrastructure company topped expectations with preliminary results. Nutanix shares rose as much as 6% after hours, then fell 3%, following a 0.5% rise in the regular session to close at $28.77. The company said that preliminary second-quarter revenue rose to $486.5 million from $413.1 million in the year-ago quarter, and annual contract value, or ACV, billings rose to $267.6 million from $217.9 milli

article thumbnail

Black Knight Mortgage Monitor: Home Prices Declined in January, "on pace to fall below 0% by March/April"

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Black Knight Mortgage Monitor: Home Prices Declined in January, "on pace to fall below 0% by March/April" A brief excerpt: Here is a graph of the Black Knight HPI. The index is still up 3.4% year-over-year but declined for the seventh consecutive month in January and is now 5.5% off the peak in June 2022. • Home prices fell again in January, pulling back by 0.24% from December and a more modest 0.13% on a seasonally adjusted basis • That’s th

98
article thumbnail

2023 Asset Allocation Perspectives and Outlook

Brown Advisory

2023 Asset Allocation Perspectives and Outlook ajackson Mon, 03/06/2023 - 14:43 We are pleased to share Brown Advisory’s 2023 Outlook. Each year, the Annual Outlook report assesses the current investment landscape and discusses some of the main themes being expressed in client portfolios. Some key investment themes discussed this year include how a reset in valuations in the fixed-income segment may help simplify portfolio construction, reflections on the current environment where “cash flow is

article thumbnail

Rescue Capital: Staying Afloat Amid Uncertainty in the Real Estate Market

Wealth Management

Rescue capital is a more efficient and cost-effective way to recapitalize a real estate asset. Distressed situations can often be remedied without any further action being necessary.

article thumbnail

2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

article thumbnail

$30 trillion by 2030: Supporting the growing needs of women investors

Nationwide Financial

Throughout March, Nationwide is highlighting the unique perspectives of women investors, particularly those approaching retirement, and the opportunities for financial professionals to support their financial goals. Women are more in control of their finances than ever. As of 2021, more than seven million working women in America earn an annual salary of at least $100k, 1 and nearly half earn the same or more than their partner.

article thumbnail

Transition Deals Are More Competitive Than Ever: Report

Wealth Management

Baseline recruitment deals were up last year, even among the independents, and many firms are getting more creative with their deal structures to incentivize movement, according to a recent Diamond Consultants report.

article thumbnail

How To Make Money As A Teenager: 36 Lucrative Ways

Clever Girl Finance

How do you make money as a teenager? Earning money as a teenager can seem like an uphill battle. You have things to pay for, such as clothes, entertainment, going out with your friends, and let's not forget gas or transportation. As life gets more expensive , you are probably looking for ways to fund these expenses (Hello, 18th birthday party! ). Luckily, there are many ideas for how to earn money as a teenager other than gift cards and cash from birthdays and holidays.

Media 94
article thumbnail

LPL’s Strategic Wealth Services Lures $1.45B Team

Wealth Management

Recruited away from Wells Fargo, Carnegie Private Wealth is the largest team yet to join LPL’s SWS division, the IBD’s premium affiliation model that went live in April 2020.

article thumbnail

Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

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.

article thumbnail

More reasons to keep on rolling (to an IRA, that is)

Getting Your Financial Ducks In A Row

Photo credit: jb We have discussed in the past that it is usually better to rollover an old 401(k) plan from a former employer to an IRA – more flexibility in investments, (usually) lower costs, more control, etc., are among the chief reasons to do so. However, in some cases your old 401(k) plan may have access to desirable investments that you couldn’t otherwise access, or possibly you have access to other benefits from participation, such as availability of a financial advisor.

article thumbnail

Seven Must Reads for CRE Investors Today (March 7, 2023)

Wealth Management

Fundrise’s CEO Ben Miller talks to The Real Deal about switching gears to the real estate debt markets. Ross Stores plans to open 100 new stores this year, reports Chain Store Age. These are among today’s must reads from around the commercial real estate industry.

article thumbnail

Market Outlook: 3 Reasons Long-Term Investors Should Be Optimistic

Darrow Wealth Management

It seems like bad news is inescapable these days. For much of last year, even good news about the economy was bad news for markets. Yes, 2022 was a terrible year for financial markets. In fact, it was the worst year ever for bonds (by a landslide) and the seventh worst for U.S. stocks (S&P 500) on record. Although we’re still not out of the woods with inflation or the Federal Reserve’s historic rate-rising campaign, long-term investors have several reasons to be optimistic about

article thumbnail

10 Must Reads for CRE Investors Today (March 6, 2023)

Wealth Management

The New York Times analyzed the barriers Black and Latino developers face, including lack of access to capital. Amazon’s HQ2 delay is “not a concern” according to Northern Virginia officials. These are among today’s must reads from around the commercial real estate industry.

98
article thumbnail

Transforming Lending: Understanding the Power of Digital Platforms

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.

article thumbnail

5 Tips for Outsourcing Admin Support and Engaging with a Virtual Assistant

XY Planning Network

8.5 MIN READ Engaging with outsourced support can be a boon for your business and your life. The investment can expand your opportunities and your client offerings. It can buy you time and peace of mind to know you don’t have to do it all and know it all. In short, it can allow you to be a solo fiduciary financial advisor without being alone. And it turns out that not doing it all alone makes sound business sense.

article thumbnail

Back to the Future: RPA Commissions Are Back

Wealth Management

Fiduciary RPAs paid additional fees from manufacturers or through proprietary products have no place in today’s transparent fiduciary world.

article thumbnail

Can We Improve Momentum Factor Investing via Salience Theory?

Alpha Architect

The contribution of salience theory to the theory of asset pricing turns out to be quite a profitable insight for momentum strategies. Can We Improve Momentum Factor Investing via Salience Theory? was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

article thumbnail

Four Tips to Help Advisors Initiate Succession Planning

Wealth Management

Even after a career spent helping clients prepare for their futures, it’s not always easy to follow your own sage advice.

article thumbnail

Quick Start Guide to a Crystal Clear Close

Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

article thumbnail

Market Extra: Pair of Wall Street firms see Friday’s job data coming in way above consensus

MarketWatch

Joe Raedle/Getty ImagesFriday’s nonfarm payrolls report for February is likely to come in way above consensus estimates, reinforcing the trend seen in January’s data, according to a pair of Wall Street firms.Economists at Deutsche Bank DB expect to see a job gain of 300,000, citing February’s mild weather as one likely influence. Aneta Markowska and Thomas Simons, economists at Jefferies JEF, said they foresee a gain of 290,000 for last month.

article thumbnail

A Rough February Reverses Some 2023 Gains for Publicly-Traded REITs

Wealth Management

Total returns for the Nareit All Equity REIT Index were down 5.9% in February, but REITs are reporting strong quarterly results.

98
article thumbnail

: Vistra buying Energy Harbor Corp. for $3 bln

MarketWatch

Vistra Corp. VST said Monday it will pay $3 billion to acquire Energy Harbor Corp. and combine it with a new unit called Vistra Vision, a retail electricity and zero-carbon generation company. Vistra Vision will own four nuclear power plants with 6,400 megawatts of power, with a renewables and energy storage portfolio. Energy Harbor’s two largest shareholders, Avenue Capital Group and Nuveen, will receive a combination of cash and the 15% ownership interest.

Retail 76
article thumbnail

Crypto Hedge Fund Accused of ‘Ponzi-Like’ Payments by SEC

Wealth Management

The SEC said BKCoin and its co-founder, Min Woo "Kevin" Kang, which had allegedly raised nearly $100 million from investors, violated securities laws by making “Ponzi-like” payments.

93
article thumbnail

The Blueprint for a Customer-Centric Digital Lending Experience

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.

article thumbnail

: Silvergate downgraded to underperform at Wedbush on prospects for liquidation after its shuts down its exchange network

MarketWatch

Silvergate Capital Corp. SI stock fell 9.7% in premarket trades Monday after the company announced it’s shutting down its crypto currency payments network called the Silvergate Exchange Network (SEN), just days after the company said it has doubts about its ability to continue as a viable business. Wedbush on Monday downgraded Silvergate to underperform from neutral and cut its price target to $4 from $9 a share.

Clients 75
article thumbnail

Talk Your Book: A Bull Market in Tickers

A Wealth of Common Sense

Today’s Talk Your Book is brought to you by Direxion: On today’s show, we spoke with Ed Egilinsky, Managing Director and Head of Alternatives to discuss the use of leverage in a portfolio and thematics for 2023. On today’s show, we discuss: How leveraged strategies work Direxion’s various leveraged strategies How inverse v leveraged inverse funds work in down markets What leveraged funds are used for Cos.

article thumbnail

: J&J Kenvue spinoff adds slew of banks to its initial public offering roster

MarketWatch

Kenvue Inc., the consumer products spinoff from Johnson & Johnson JNJ, has grown the roster of banks underwriting its initial public offering beyond the two original leads. Goldman Sachs & Co. LLC and JP Morgan, according to a filing on Friday. The new banks include BofA Securities, Citigroup, Deutsche Bank Securities, BNP Paribas, HSBC, RBC Capital Markets, UBS Investment Bank, BBVA, ING, IMI-Intesa Sanpaolo, Santander, UniCredit Capital Markets; Academy Securities, Independence Point Securitie

Banking 75