Nerd's Eye View

JULY 10, 2023

As owners of financial planning firms approach retirement, some may decide to sell to an external buyer, while others may plan for an internal succession. Sometimes, this succession plan can include the owner's child, providing an opportunity to keep the business in the family. At the same time, the business strategies that worked for the original owner might not be suitable or as successful for their successor, which can force the 2nd-generation owner to take a different path to ensure the firm

Financial Planning 232

Financial Planning Retirement Planning Clients 232

Abnormal Returns

JULY 10, 2023

Podcasts Meb Faber talks with Blake Street is a Founding Partner and CIO of Warren Street Wealth Advisors. (mebfaber.com) Ashby Daniels talks with Hannah Moore about "doing" financial planning. (wiredplanning.com) Laurence Kotklikoff talks with David Blanchett about problems with conventional financial planning tools. (larrykotlikoff.substack.com) The biz Goldman Sachs ($GS) has snagged another custodian client, NewEdge Wealth.

Compliance 192

Compliance Recruitment Wealth Advisor Financial Planning 192

The Big Picture

JULY 10, 2023

My back-to-work morning train WFH reads: • What exactly is your problem with stock index concentration? Ever since artificial intelligence was invented eight months ago, people have been writing about the rising concentration of stock indices. The usual way to start is with an observation that the trillion-dollar IT club makes up approximately a quarter of the S&P 500 index by weight — because of AI hype, or possibly, the result of a rotation by investors after the same stocks sold off a yea

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Distribution Economics Retail Assets 130

Wealth Management

JULY 10, 2023

Multifamily completions are on track for their strongest year since the 1980s, according to data from CoStar Analytics. CNN Business looks at whether the boom in generative AI could help turn around San Franciso’s real estate fortunes. These are among the must reads from around the real estate investment world to kick off the new week.

Investing 103

Investing Investments 103

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

Calculated Risk

JULY 10, 2023

From Manheim Consulting today: Wholesale Used-Vehicle Prices See Large Decline in June Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 4.2% in June from May. The Manheim Used Vehicle Value Index (MUVVI) declined to 215.1, down 10.3% from a year ago. “ The 4.2% drop is among the largest declines in MUVVI history and the largest decline since the start of the pandemic in April 2020 when the index plunged 11.4%,” said Chris Frey, senior manager of Economic

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Consulting Economics Sales Management 98

Calculated Risk

JULY 10, 2023

Today, in the Calculated Risk Real Estate Newsletter: Black Knight Mortgage Monitor: Home Prices Increased Month-to-month to New Record High in May A brief excerpt: National Payment to Income Ratio Increased to Near Record This was as of June 22nd when mortgage rates (according to the Freddie Mac PMMS), were at 6.67%. Rates have increased since then, and it is likely the payment-to-income ratio is now at a new record high.

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Wealth Management

JULY 10, 2023

Valuable artworks require specialized attention to ensure that they're safely transferred to the next generation.

Planning 103

Planning 103

Advisor Perspectives

JULY 10, 2023

Investors seeking higher yields and relatively low risk, and are willing to sacrifice liquidity, will find attractive opportunities in interval funds that invest in senior-secured, sponsored middle-market loans.

Investing 72

Investing Investments Marketing Marketing 72

Wealth Management

JULY 10, 2023

Advisors Asset Management's CIO Cliff Corso provides his investment outlook for the remainder of 2023.

Portfolio 103

Portfolio Assets Management Investing 103

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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

Sara Grillo

JULY 10, 2023

Financial advisors are skeptical that you can actually get leads from social media. Well today I have a planner who has blown up his lead pipeline, in less than nine months. Today we’ll be talking to Thomas Kopelman , co-founder of AllStreet Wealth and you want to pay attention here because he makes getting leads from financial advisor social media look like a piece of cake!

Financial Advisor 72

Financial Advisor Media Communication Fee Only 72

Wealth Management

JULY 10, 2023

Office REITs rose more than 10% among broad-based gains for most property subsectors.

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Calculated Risk

JULY 10, 2023

From Matthew Graham at Mortgage News Daily: Rates Remain Over 7% Despite Modest Improvement We've been here before--just a few months ago, but not for very long. Also, we haven't been much higher than this in more than 20 years. That said, many experts thought we might not be back here quite so soon--if at all during the same cycle. [ 30 year fixed 7.12% ] emphasis added Tuesday: • At 6:00 AM ET, NFIB Small Business Optimism Index for June. • At 8:00 AM, Corelogic House Price index for May.

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Integrity Financial Planning

JULY 10, 2023

It is possible for a person to end up in a situation where they have a lot of money in a home but don’t have a lot of money in the bank. If you have been paying off your mortgage for years, your equity in the home could amount to a lot of money. But that isn’t money you can use without making significant financial changes. And just because you have a high-value home, it doesn’t mean that you have a lot of cash on hand for expenses.

Retirement 72

Retirement Financial Advisor Financial Planning Taxes 72

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

JULY 10, 2023

Slower June job growth is cooling the war for talent.

Planning 114

Planning 114

Advisor Perspectives

JULY 10, 2023

The world’s sovereign investors are seeking to boost investment in bonds as yields rise, while a freeze on Russian assets has increased their demand for gold, Invesco Ltd. said in an annual report.

Assets 59

Assets Investing Investments 59

Wealth Management

JULY 10, 2023

As with all things money and family, it can be a struggle to balance financial and personal goals with avoiding hard feelings and disputes.

Planning 79

Planning 79

Advisor Perspectives

JULY 10, 2023

The latest monthly employment report showed 209,000 nonfarm jobs were added in June. An industry breakdown of that number shows a gain of 180,000 service-providing jobs and a gain of 29,000 goods-producing jobs.

Numbers 59

Numbers 59

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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

Don Connelly & Associates

JULY 10, 2023

There's never been a better time to build a financial advisory practice. More people than ever are clamoring for quality, objective financial advice to guide critical life decisions. It's also a very challenging time for newer financial advisors as the competition for quality prospects is fierce. However, unlike fledgling financial advisors of yesteryear who worked with little more than a reverse phone directory to find clients, advisors building a practice today have the advantage of years of h

Financial Advisor 52

Financial Advisor Clients Financial Advice Sales 52

Advisor Perspectives

JULY 10, 2023

Multiple jobholders account for 4.9% 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.

Accounting 59

Accounting 59

International College of Financial Planning

JULY 10, 2023

CFP, or the Certified Financial Planner exam, is a significant milestone in becoming a certified financial planner. It requires dedicated preparation, comprehensive knowledge, and effective study strategies. In this blog post, we will explore valuable tips to help you navigate the CFP exam and maximize your chances of success. Understand the Exam Structure and Content Before diving into your CFP exam preparation, it is essential to familiarize yourself with the exam structure and content.

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CFP Certified Financial Planner Financial Planner Financial Planning 52

Advisor Perspectives

JULY 10, 2023

We believe that avoiding whole sectors or business models introduces portfolio risk and should be done only with careful consideration and a strategic, holistic plan.

Portfolio 59

Portfolio Planning 59

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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

International College of Financial Planning

JULY 10, 2023

How Investment Advisors Play a Significant Role in Managing Finances? The field of investment advisory presents a world of opportunities for individuals passionate about finance and investments. If you have an analytical mindset, a keen interest in the financial markets, and the desire to help others achieve their financial goals, a career as an investment advisor may be the perfect fit.

Financial Advisor 52

Financial Advisor Certified Financial Planner Financial Planner Investing 52

Advisor Perspectives

JULY 10, 2023

VettaFi’s Dave Nadig checks-in on some of the hottest ETF topics over the past several years. Cambria’s Meb Faber discusses the firm’s continued growth and spotlights the Cambria Shareholder Yield ETF (SYLD). Strategas’ Todd Sohn provides the 10 ETFs he’s using to track market conditions in the second half of 2023.

Marketing 52

Marketing Marketing 52

Zoe Financial

JULY 10, 2023

Market Drama Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA July 10, 2023 Watch Time: 2 minutes Welcome to this week’s Market Drama! The Stock Market: The S&P was down over 1% for the week. It’s up close to 15% year-to-date. Economic Data: Payroll’s data could have driven the markets to sell-off. U.S. payroll came in weaker than expected at 209,000 vs. the expected 240,000.

Marketing 52

Marketing Marketing Financial Advisor Wealth Advisor 52

NAIFA Advisor Today

JULY 10, 2023

After 17 years of working with animals in pet shops, shelters, and zoos, Christian Kalinowski decided it was time for a change. He considered a sales career in a few different sectors before finally settling on insurance and financial services. He wanted to help educate people on a topic he didn’t learn much about growing up—personal finance. So, in 2021, he joined Dipaola Financial Group as a financial service professional.

Financial Services 52

Financial Services Education Insurance Sales 52

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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

Validea

JULY 10, 2023

In his 58 years of running Berkshire Hathaway, buying stock in Apple is arguably Warren Buffett’s biggest investment success, contends an article in Barron’s. At the end of June, Apple’s market value reached $3 trillion, making Berkshire’s stake in the company worth $176 billion—five times the original cost of $31 billion when Buffett bought it in 2016.

Investing 52

Investing Investments Accounting Portfolio 52

Alpha Architect

JULY 10, 2023

The article aims to explore the relationship between multitasking and performance for mutual fund managers, investigate the potential mechanisms and factors influencing this relationship, and provide insights for fund companies and investors regarding the implications of multitasking on fund performance. Managerial Multitasking in the Mutual Fund Industry was originally published at Alpha Architect.

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Management Government 52

Validea

JULY 10, 2023

If interest rates go higher, struggling companies that borrowed too much debt could be in big trouble—something that investors aren’t prepared for, contends an article in The Wall Street Journal. The riskiest section of the bond market has beaten the rest, and CCC-rated borrowers that are dangerously close to defaulting have generated 10% returns so far this year.

Marketing 52

Marketing Marketing Economy Startup 52