Abnormal Returns

APRIL 16, 2024

Strategy Joe Wiggins, "It is important to remember that behavioural finance would be redundant if it were easy; if it wasn’t hard it wouldn’t be useful." (behaviouralinvestment.com) Investing requires a measure of optimism in the future. (ofdollarsanddata.com) Fund management 15 more ideas from Seth Klarman's "Margin of Safety" including 'Investment must be thought of as more than stock selection or making a series of solid individual investment decisions.

Financial Advising 259

Financial Advising Media Economy Investing 259

Nerd's Eye View

APRIL 16, 2024

Welcome back to the 381st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Ashley Quamme. Ashley is the Founder of Beyond The Plan, a consulting firm based in Evans, Georgia, that offers a Fractional Financial Behavioral Officer service including consulting and training to advisory firms and even direct meeting support for new or existing clients.

Clients 130

Clients Planning Financial Advisor Consulting 130

Abnormal Returns

APRIL 16, 2024

Asset allocaiton Is regret a better measure to target for portfolio allocations? (blogs.cfainstitute.org) Why asset allocation is sensitive to goals and assumptions. (priceactionlab.com) The case against a cryptocurrency allocation. (insights.finominal.com) Global macro hedge funds are mid. (klementoninvesting.substack.com) Corporate finance Are family-controlled firms more at-risk of price crashes?

Asset Allocation 220

Asset Allocation Portfolio Management Portfolio Assets 220

A Wealth of Common Sense

APRIL 16, 2024

I was perusing the BLS data following the inflation release last week and one number sticks out like Victor Wembanyana standing next to a group of kindergartners. Auto insurance was up 22% over the previous 12 months versus an overall inflation rate of 3.5%. Look at the change in auto insurance rates these past few years: It’s like a meme stock.

Insurance 123

Insurance Numbers 123

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

APRIL 16, 2024

KKR logged $3 billion in sales in products aimed for the private wealth channel—up from $400 million in sales per quarter in 2022. Morningstar published an explainer on the growing world of interval funds. These are among the investment must reads we found this week for wealth advisors.

Investing 117

Investing Investments Wealth Advisor Sales 117

Wealth Management

APRIL 16, 2024

Roraj Pradhananga, recently appointed co-CIO of Veris Wealth Partners, provides an inside look at the $2.3 billion firm’s model portfolios and impact investing philosophy.

Marketing 113

Marketing Marketing Portfolio Investing 113

The Irrelevant Investor

APRIL 16, 2024

Today’s Animal Spirits is brought to you by YCharts: See here for YCharts’ quarterly economic update slide deck! See here for tickets to The Compound and Friends LIVE in Los Angeles On today’s show, we discuss: Will the growth of indexing lead to its downfall? Fund industry’s asset mix offers encouraging sign CPI Data – motor vehicle insurance Why car insurance rates are so high The hidden.

Marketing 83

Marketing Marketing Insurance Economics 83

Wealth Management

APRIL 16, 2024

Merrill Wealth Management added around 7,300 net new clients during the first quarter, which was in line with the previous two quarters but down year-over-year.

Clients 109

Clients Assets Wealth Management Management 109

Million Dollar Round Table (MDRT)

APRIL 16, 2024

By Bryce Sanders Doesn’t everyone want to be treated like family? As an insurance agent or financial advisor, you likely position yourself as a resource within your extended family. What does it mean professionally though? When a prospect asks, “What do you mean when you tell me that you will treat me like family?” What points might you bring up?

Clients 82

Clients Financial Advisor Insurance Communication 82

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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

APRIL 16, 2024

Advisors may want to reconsider any allocation to these 15 companies, as they’ve been shown to wipe out investors’ wealth—even over the long term.

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113

Advisor Perspectives

APRIL 16, 2024

To keep your clients, do more than just your job – you need to keep them engaged. There’s a place for old-school engagement techniques like birthday cards and regular client meetings, but we can do better.

Clients 69

Clients 69

Wealth Management

APRIL 16, 2024

In speaking with industry watchers, the consensus is that we’re closer to the beginning of the cycle than the end when it comes to M&A.

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Random Roger's Retirement Planning

APRIL 16, 2024

The title for this post is inspired by the following post on Threads. Fixed income, meaning intermediate and longer term duration, is having a rough 2024 after a meh 2023 and terrible 2022. For most of those ETFs you can add 100-125 basis points back in for dividends. For TLTW which is TLT with a covered call overlay you can add back about 300 basis points.

Taxes 69

Taxes Marketing Marketing Investing 69

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

APRIL 16, 2024

Envestnet has received interest from private equity firms, including Bain Capital, according to a press report. Shares ended the day up 9% on the news.

Sales 104

Sales 104

Advisor Perspectives

APRIL 16, 2024

In the competitive financial advisory landscape and ongoing quest for new clients, advisors often miss an obvious opportunity – the children and grandchildren lying within their existing clientele.

Planning 64

Planning Clients 64

Wealth Management

APRIL 16, 2024

The SEC has repeatedly rewarded firms who self-reported their use of WhatsApp and other unauthorized communication means with leniency.

Communication 109

Communication 109

Random Roger's Retirement Planning

APRIL 16, 2024

The title to this post is a play on words from the Jimmy Buffett song A Pirate Looks At 40. This is an ongoing series that started when I was 40 with the intention of sort of updating the post at milestone birthdays. The point is to track how my views on various things might evolve or change dramatically and to hold myself accountable for any lifestyle opinions/advice I might write about.

Retirement 67

Retirement Planning Investment Advisor Food 67

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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

APRIL 16, 2024

AlphaSimplex's Katy Kaminski describes how the firm uses data to measure where the markets are moving.

Portfolio 117

Portfolio Management Investing Investments 117

Advisor Perspectives

APRIL 16, 2024

Would you consider an evolution with your advisory practice? Whether as part of an initial transition to the RIA model or an improvement to your existing practice.

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64

Wealth Management

APRIL 16, 2024

The addition of Gil Addeo is key to expanding Axos' services to independent broker/dealers and RIAs.

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109

Calculated Risk

APRIL 16, 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 2:00 PM, the Federal Reserve Beige Book , an informal review by the Federal Reserve Banks of current economic conditions in their Districts.

Economics 60

Economics Banking 60

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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

APRIL 16, 2024

The LPL veteran of 19 years will serve as the technology incubator's president and chief revenue officer.

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108

Calculated Risk

APRIL 16, 2024

From the Fed: Industrial Production and Capacity Utilization Industrial production rose 0.4 percent in March but declined at an annual rate of 1.8 percent in the first quarter. Manufacturing output increased 0.5 percent in March, boosted in part by a gain of 3.1 percent in motor vehicles and parts; factory output excluding motor vehicles and parts moved up 0.3 percent.

Manufacturing 60

Manufacturing 60

Wealth Management

APRIL 16, 2024

Morgan Stanley's wealth unit generated $6.88 billion in revenue in the first quarter.

Assets 109

Assets Clients 109

Advisor Perspectives

APRIL 16, 2024

Our profession is being transformed by powerful, AI-based technologies that will replace human-based financial advice. They will drive down costs, reduce valuations, and deflate the multiples paid in M&A transactions.

Financial Advice 59

Financial Advice Valuation 59

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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

APRIL 16, 2024

Charles A. Redd explains what an advisor should do when a client has declining or diminished capacity.

Clients 104

Clients 104

Advisor Perspectives

APRIL 16, 2024

As we mark the tenth anniversary of the Statement on Standards in Personal Financial Planning Services, it's clear that this milestone was more than a mere regulatory update — it was a foundational moment for the financial planning profession.

Financial Planning 59

Financial Planning Planning 59

Wealth Management

APRIL 16, 2024

MFS Investment Management has applied to create five actively managed exchange-traded funds spanning stocks and bonds, according to SEC filings.

Planning 82

Planning Management Investing Investments 82