The Reformed Broker
AUGUST 2, 2022
When you’re the size that Amazon is and you’re looking for growth, the only thing that could really move the needle for you is to attack a massive market opportunity. How does $4 trillion sound? That’s about what Americans spend directly on healthcare each year. Consider this past week’s acquisition as the solidifying piece of the story.
Nerd's Eye View
AUGUST 2, 2022
Welcome back to the 292nd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Matthew Topley. Matthew is the Founder and CIO of Lansing Street Advisors, an independent RIA based in Ambler, Pennsylvania that oversees $160 million in assets under management for 60 client households. What’s unique about Matthew, though, is how he differentiates his firm by offering his high-net-worth clients opportunities to diversify their investment portfolios by syndicating pr
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The Big Picture
AUGUST 2, 2022
The transcript from this week’s, MiB: Hannah Elliott on Hypercars & EVs , is below. You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , Bloomberg , and Acast. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~. ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.
Pragmatic Capitalism
AUGUST 2, 2022
New episode of Three Minute Money here. Is the USA in a recession? While the media has traditionally referred to a recession as 2 quarters of negative GDP the White [ … ].
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Abnormal Returns
AUGUST 2, 2022
Markets Market conditions are always uncertain, but man are things cloudy right now. (theirrelevantinvestor.com) Corporate bond defaults are set to rise. (axios.com) Companies Great companies create their own reality. (ofdollarsanddata.com) Why Meta ($META) is likely to miss on the metaverse. (fortune.com) TikTok's outsized success is a warning. (calnewport.com) Amazon Why Amazon ($AMZN) has big health care ambitions.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Abnormal Returns
AUGUST 2, 2022
Inflation Do stocks protect against rising inflation expectations? (papers.ssrn.com) Why TIPS don't move one-for-one with CPI. (morningstar.com) Does the historical relationship between real gold prices and TIPS yields hold water? (marketwatch.com) Defined contribution Do DC investors care about ESG? Not that much. (papers.ssrn.com) Target-date funds reduce the desire for advice.
Calculated Risk
AUGUST 2, 2022
Notes: This CoreLogic House Price Index report is for June. The recent Case-Shiller index release was for May. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: Annual US Home Price Gains Slow for the Second Consecutive Month, CoreLogic Reports CoreLogic®. today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for June 2022.
Wealth Management
AUGUST 2, 2022
All are joining from Citi, while two worked for J.P. Morgan previously. J.P. Morgan Private Bank CEO David Frame called the greater Chicago area 'a critical part' of the bank’s expansion.
Calculated Risk
AUGUST 2, 2022
The Census Bureau released the Residential Vacancies and Homeownership report for Q2 2022. The results of this survey were significantly distorted by the pandemic in 2020. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates. However, there are serious questions about the accuracy of this survey.
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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.
Investment Writing
AUGUST 2, 2022
Did you know that “OK,” not “okay” is the correct spelling of that familiar expression? If you didn’t know how to spell OK, you have plenty of company, as I discovered when I ran a LinkedIn poll. Origins of OK. The term OK is an initialism. It comes from the misspelling “oll korrect” for “all correct.” Apparently such misspellings were popular in the 1830s, when this term originated, according to “ The Hilarious History of ‘OK’: The English language’s most successful export is a jok
Nationwide Financial
AUGUST 2, 2022
Key Takeaways: The 4% rule is a general retirement guideline suggesting that retirees can safely withdraw funds equal to 4 percent of their savings during the first year of retirement and then adjust for inflation each subsequent year for 30+ years. The 4% rule is more of a benchmark or gauge than a steadfast rule—especially in today’s environment. There is concern, however, that the 4% rule does not account for the goals of the retiree, asset location, or taxation.
Wealth Management
AUGUST 2, 2022
Marriott’s earnings report underscores the recovery in the hotel sector, reports The Wall Street Journal. Multifamily Dive looks at how many more apartment units the U.S. needs to build. These are among today’s must reads from around the commercial real estate industry.
Calculated Risk
AUGUST 2, 2022
Today, in the Calculated Risk Real Estate Newsletter: Will 5% Mortgage Rates Cushion the Housing Market? A brief excerpt: The following graph shows the year-over-year change in principal & interest (P&I) assuming a fixed loan amount since 1977. Currently P&I is up about 30% year-over-year for a fixed amount (this doesn’t take into account the change in house prices).
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.
Wealth Management
AUGUST 2, 2022
Beachwood, Ohio–based RIAs MGO Investment Advisors and One Seven have merged, with Merchant Investment Management taking a minority stake in the new entity.
Calculated Risk
AUGUST 2, 2022
Wards Auto released their estimate of light vehicle sales for July. Wards Auto estimates sales of 13.35 million SAAR in July 2022 (Seasonally Adjusted Annual Rate), up 2.7% from the June sales rate, and down 9.0% from July 2021. Click on graph for larger image. This graph shows light vehicle sales since 2006 from the BEA (blue) and Wards Auto's estimate for July (red).
Wealth Management
AUGUST 2, 2022
The FTSE Nareit All Equity REITs index rose 8.6 percent for the month, erasing nearly half of 2022’s year-to-date losses.
The Irrelevant Investor
AUGUST 2, 2022
Today’s Animal Spirits is brought to you by YCharts: See here for YCharts Highlights, Lowlights, and insights from 1H 2022 On today’s show we discuss: GDP is still relatively new One of the few benefits of inflation AAPL earnings Retail is betting on tech A housing recession is the first domino to fall Dan Green on housing AMZN earnings MSFT earnings V earnings SPOT earnings META earnings SHOP earnings Overdra.
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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.
Wealth Management
AUGUST 2, 2022
Heber Fuger Wendin Investment Advisors, with $8.6 billion in assets, brings to Mariner its client roster of community banks and credit unions.
Million Dollar Round Table (MDRT)
AUGUST 2, 2022
By Howard E. Sharfman I learned from some of the late greats in our profession and MDRT, such as John Savage , Ben Feldman , and Sidney Friedman. In exchange for knowledge, they asked me to learn and then share. I would like to share 11 great questions you can use with your clients.
Wealth Management
AUGUST 2, 2022
Empty certifications that require no experience and limited interaction only adds to plan sponsors’ mistrust of the industry.
A Wealth of Common Sense
AUGUST 2, 2022
These are the monthly returns in the S&P 500 this year so far: January -5.2% February -3.0% March +3.7% April -8.7% May +0.2% June -8.3% July +9.2% There have been 3 months already this year when the market fell 5% or more. That didn’t happen once last year. It only happened twice in 20201. There were no down 5% or worse months in all of 2017, 2016, 2014 or 2013.
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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!
Random Roger's Retirement Planning
AUGUST 2, 2022
With all the blog posts lately about experimental portfolios and exploring things like return stacking, capital efficiency and leveraging down (I think leveraging down is a phrase I can take credit for) I think I might change the name of this site to Random Roger's Portfolio Lab. This post will focus on what I think are sophisticated outcomes from a very simple portfolio using funds we talk about all the time.
Clever Girl Finance
AUGUST 2, 2022
While earning more money through raises at work or increasing your hours is great, you may also be looking to see bigger returns. Usually, some level of risk is necessary to make your money grow big-time. If you have $10,000 and want 10x that amount, here are some ways to turn 10K into 100K! You might have $10,000 from a small inheritance or from the raise you negotiated at work.
Wealth Management
AUGUST 2, 2022
Only two potential heirs left are left in the probate dispute.
Calculated Risk
AUGUST 2, 2022
From the BLS: Job Openings and Labor Turnover Summary The number of job openings decreased to 10.7 million on the last business day of June, the U.S. Bureau of Labor Statistics reported today. Hires and total separations were little changed at 6.4 million and 5.9 million, respectively. Within separations, quits (4.2 million) and layoffs and discharges (1.3 million) were little changed. emphasis added The following graph shows job openings (yellow line), hires (dark blue), Layoff, Discharges and
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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.
Random Roger's Retirement Planning
AUGUST 2, 2022
A few weeks ago the Madison Claymore Covered Call Equity Strategy Fund popped back up on my radar. I owned the closed end fund version, which trades under symbol MCN, personally and for clients back before the Financial Crisis. It did pretty much what I hoped it would do in terms of lower volatility than the S&P 500 index most of the time, and of course the yield.
SEI
AUGUST 2, 2022
SEI/AGB roundtable recap. KReybitz. Tue, 08/02/2022 - 12:48. 5 minutes. Governance. Higher education. Nonprofits and healthcare organizations. Institutional (US). Blog. About the event. Fueled by our joint study with AGB, our recent three roundtable events were well attended and yielded practical insights for financial professionals within higher education.
Calculated Risk
AUGUST 2, 2022
Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 10:00 AM, the ISM Services Index for July. The consensus is for a reading of 53.5, down from 55.3. On COVID (focus on hospitalizations and deaths): Hospitalizations have almost quadrupled from the lows in April 2022.
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