The Big Picture

NOVEMBER 21, 2023

My Two-for-Tuesday morning train WFH reads: • The Share of Americans Who Are Mortgage-Free Is at an All-Time High : Almost 40% of US homeowners own their homes outright as of 2022—many of them baby boomers who refinanced when rates were low. ( Businessweek ) see also Why Your Office Space Continues to Shrink : Despite more than a billion square feet of empty office space in the US, a return to roomier layouts and private offices does not seem to be in the cards. ( Bloomberg ) • Satoshi Is Black

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Abnormal Returns

NOVEMBER 21, 2023

Quant stuff Good luck trying to explain ML models. (mrzepczynski.blogspot.com) A round-up of recent research on return expectations including 'Inflation Expectations and Stock Returns.' (capitalspectator.com) Earnings Using AI to suss out future earnings surprises. (klementoninvesting.substack.com) People like working for companies that beat Wall Street earnings expectations.

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Banking Taxes Assets 246

Nerd's Eye View

NOVEMBER 21, 2023

Welcome back to the 360th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Suzanne Powell. Suzanne is a Senior Financial Advisor at Meridian Wealth Management, an RIA based in Lexington, Kentucky, where she oversees approximately $110 million in assets under management for nearly 150 client households. What's unique about Suzanne, though, is how she grew to more than $100M of AUM by intentionally organizing her schedule from month to month throughout the year, cl

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Abnormal Returns

NOVEMBER 21, 2023

Strategy Hedge funds are piling into the Big Seven stocks. (ft.com) Diversification always means having something underperform. (ofdollarsanddata.com) Why moats matter. (investmenttalk.co) Crypto Another domino falls in the crypto space as Binance CEO CZ plans to plead guilty to money laundering charges. (wsj.com) Meanwhile there are plenty of other goings-on in the exchange space.

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Financial Advising Media Economy Sales 229

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

The Reformed Broker

NOVEMBER 21, 2023

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Sam Altman – OpenAI turmoil. ►Buyback SURGE – “$QQQ largest weekly inflows on record this past week.” ►NVDA Earnings – “The chip maker’s earnings beat Wall Street expectations in.

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Investing Investments Marketing Marketing 169

A Wealth of Common Sense

NOVEMBER 21, 2023

I’ve been writing about how demographics are destiny in the housing market for nearly a decade (see here, here and here). This has mainly been from the perspective of millennials because that’s my demographic. Following the Great Financial Crisis, many pundits assumed millennials would never settle down, own a home or buy a car. They would simply live in a big city and eschew the typical path to the suburbs.

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Marketing Marketing 112

Wealth Management

NOVEMBER 21, 2023

The SEC settled charges with Laidlaw & Co. and two of its registered reps with violating Reg BI's care obligations with instances of "in-and-out" trading.

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Trade Brains

NOVEMBER 21, 2023

7 Best Technical Analysis Courses : Unlocking secrets of trading in the stock market begins with mastering technical analysis. In this article, we explore some of the best technical analysis courses available that are specifically designed for beginners. By enrolling in one of these courses, you can enhance your skills, make informed decisions, and navigate with confidence.

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Risk Management Education Certification Management 98

Wealth Management

NOVEMBER 21, 2023

Rothschild, a former Morningstar and Apex executive, joins the global PE firm as an operating partner to help identify opportunities in the wealthtech space.

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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

The Irrelevant Investor

NOVEMBER 21, 2023

Today’s Animal Spirits is brought to you by YCharts: See here to register for the YCharts Year-End Strategy webinar with the Animal Spirits team! On today’s show, we discuss: Power laws in the stock market Some of the trillions parked in cash may trickle back into stocks now that the market is rallying How the young should invest The Fed is charting a course to stagflation and recession Summers says ‘t.

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Investing Investments Marketing Marketing 85

Wealth Management

NOVEMBER 21, 2023

The Tema Cardiovascular and Metabolic ETF (HRTS) tracks companies involved in the treatment of cardio-metabolic diseases — a term that links cardiovascular diseases, obesity and diabetes.

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Million Dollar Round Table (MDRT)

NOVEMBER 21, 2023

By Bryce Sanders Consider two statements: The wealthy like their privacy. Once people reach a certain level of wealth and success, they tend to give back to the community. The first statement makes the high-net-worth difficult to prospect. The second provides a way to approach them. Meeting wealthy people socially is not a shortcut to asking for business.

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Nonprofit Marketing Marketing 83

Wealth Management

NOVEMBER 21, 2023

Michael Hunstad, Ph.D., Deputy CIO & CIO of Global Equities at Northern Trust Asset Management, discusses credit markets and market risks.

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Marketing Marketing Assets Management 107

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

Advisor Perspectives

NOVEMBER 21, 2023

Could it be that your internal eagerness to comply with your prospect’s apparent requirements conveys a subservience that dissuades them from trusting you?

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Wealth Management

NOVEMBER 21, 2023

There are already ETFs in the market that invest in mortgage-backed securities. But the MTBA ETF focuses on recently issued ones.

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Assets Management Investing Investments 111

Random Roger's Retirement Planning

NOVEMBER 21, 2023

A few interesting things from here and there on the interwebs. First up was a webinar about model portfolios at ETF.com. This first little bit might be more for advisors but the topic is interesting. They talked about how outsourcing model construction can save advisors a lot of time. That is probably true. The way my new firm is set up, I could outsource everything, for a fee, and the way this was positioned, I think there might be a decent number of advisors who do just that.

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Portfolio Asset Allocation Math Compliance 74

Wealth Management

NOVEMBER 21, 2023

On the heels of its move to NYC, RCG has received awards for ‘deal of the year’ and ‘firm of the year’ from The M&A Advisor.

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Banking Investing Investments 110

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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

Advisor Perspectives

NOVEMBER 21, 2023

As we know all too well, human beings are neither perfect nor consistently rational, especially when our hard-earned money is involved.

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Clients 110

Wealth Management

NOVEMBER 21, 2023

The national healthcare advisory firm will merge its wealth management business, Curi Capital, with RMB.

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Healthcare Wealth Management Management 117

Advisor Perspectives

NOVEMBER 21, 2023

The Chicago Fed National Activity Index (CFNAI) dropped to -0.49 in October from -0.02 in September. All four broad categories of indicators used to construct the index decreased from September and all four categories made negative contributions in October. The index's three-month moving average, CFNAI-MA3, fell to -0.22 in October from 0.00 in September.

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Economics 64

Wealth Management

NOVEMBER 21, 2023

Gen X, millennials and Gen Z each require a tailored approach based on their values and beliefs.

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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

Calculated Risk

NOVEMBER 21, 2023

Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 3.79 million SAAR in October; New Cycle Low Excerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2022 and 2023. Sales declined 14.6% year-over-year compared to October 2022. This was the twenty-sixth consecutive month with sales down year-over-year.

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Sales 61

Wealth Management

NOVEMBER 21, 2023

A broker-dealer/RIA transition is a time when you must rely on others to get to the finish line. What do you need to know to create a winning team and seamless client transition experience? Learn what every advisor needs to understand in this tell-all from an industry executive who’s seen her fair share of transitions.

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Clients 89

Steve Sanduski

NOVEMBER 21, 2023

Guest: John Wernz, one of the top marketers on the planet. John was the Chief Marketing Officer of Wealth Enhancement Group (WEG) (listen to my podcast with WEG CEO Jeff Dekko) as that company grew rapidly through some sophisticated organic marketing programs. He’s currently Executive-in-Residence at Great Hill Partners , Executive Director and Board Member at Datalign Advisory , and Board Advisor at Testimonial IQ.

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Media Marketing Marketing Planning 59

Wealth Management

NOVEMBER 21, 2023

You set yourself apart when you recognize your clients’ losses and support them in ways that most others do not.

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Clients 110

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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

Steve Sanduski

NOVEMBER 21, 2023

Guest: Eric Becker , the Co-Founder and Co-Chairman of Cresset Capital Management, an award-winning multi-family office with over $40 billion in assets under management. In a Nutshell: When your clients are facing a moment of truth at those intersections of life and money, are you their first call? If not, what kind of service do you need to start delivering to earn one of those speed dial spots?

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Wealth Management

NOVEMBER 21, 2023

The move comes as former Merrill Wealth Management President Andy Sieg takes over as weatlh chief at Citigroup.

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Wealth Management Management 100

Advisor Perspectives

NOVEMBER 21, 2023

Gas prices dropped for a ninth straight week, the longest streak since the summer of 2022. As of November 20, the price of regular and premium gas fell by 6 cents and 5 cents from the previous week, respectively. The WTIC end-of-day spot price for crude oil closed at $77.83, down 0.5% from last week.

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