The Big Picture
NOVEMBER 28, 2022
Source: Federal Reserve Bank of Philadelphia. The Coincident State Indexes for October 2022 snuck out last week right before Thanksgiving. You might have missed it during the holiday week, but it’s worth reviewing. The specifics are noteworthy: -Over the past month, the indexes increased in 20 states, decreased in 22 states, and remained stable in eight, making a one-month diffusion index of -4.
The Reformed Broker
NOVEMBER 28, 2022
Hey guys, hope everyone had a nice Thanksgiving. Five day weekends are rare, hope yours was relaxing and fun. I’ll be in Houston for three days next week – my first time ever in that city! We’re taping a live version of The Compound and Friends podcast at the Dynasty Investors Forum. I will also be interviewing my friend Patrick O’Shaughnessy on stage about the custom and direct indexing revolution.
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The Big Picture
NOVEMBER 28, 2022
5 years ago, a dear friend unexpectedly passed away. Once his crew recovered from our initial shock, we decided to establish the Richard Yamarone Memorial Scholarship in Economics at Brooklyn College.* The driving force behind the scholarship was TBP Invictus. Art Cashin shared a reminder today: “Many of us were deeply saddened (5 yearsa go today) to learn of the sudden passing of Rich Yamarone at age 55 of complications of a cardiac event.
Nerd's Eye View
NOVEMBER 28, 2022
Traditionally, investment planning has been at the forefront of how financial advisors add value for their clients. From advisors who earn commissions from the sales of financial products to fee-only investment advisors who charge based on client assets under management, the value advisors provide to their clients has often been centered on investment management.
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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.
Mish Talk
NOVEMBER 28, 2022
Crypto Firms in Bankruptcy Proceedings End of an Era The Balance Sheet Assets $256 million. Liabilities $1 to $10 billion. Fun Fact The SEC has a $30 million unsecured claim on BlockFi. Inverse Cramer Strategy Yet Again The Wall Street Journal reports BlockFi Files for Bankruptcy as Latest Crypto Casualty BlockFi, based in Jersey City, N.J., is only beginning to answer how its hundreds of thousands of customers will fare in an insolvency.
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Mish Talk
NOVEMBER 28, 2022
Ever heard of HEX? Hopefully not, because if you haven't, then you did not invest in it. HEX Self Destructing SEC Sending Subpoenas to Hexicans Collapse Inevitable " Hex is at 2.4 cents, down 11% day over day. Starting to look very toppy at these levels. Once it breaks 2 cents it's unlikely to see these levels ever again. Collapse is inevitable and guaranteed by the protocol design.
Abnormal Returns
NOVEMBER 28, 2022
Podcasts Christine Benz and Jeff Ptak talk the evolution of financial advice with Preston Cherry founder and President of Concurrent Financial Planning. (morningstar.com) Douglas Blake, Managing Director of Investment Services at Kingswood U.S., talks with Joshua Brown about the future of the advisor conference. (advisorpedia.com) Charity How Fidelity became the nation's largest charity.
Calculated Risk
NOVEMBER 28, 2022
Active inventory decreased slightly. Here are the same week inventory changes for the last four years ( usually inventory declines seasonally through the Winter ): 2022: -4.8K (smaller than usual decrease in inventory) 2021: -9.9K 2020: -15.1K 2019: -18.4K Altos reports inventory is down 0.8% week-over-week and down 2.3% from the peak on October 28th.
Advisor Perspectives
NOVEMBER 28, 2022
The Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for November. The latest general business activity index came in at -14.4, down 5 from last month. All figures are seasonally adjusted.
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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.
Wealth Management
NOVEMBER 28, 2022
The Department of Justice has opened an investigation into whether RealPage’s software helped apartment owners coordinate rental rates, reports Multifamily Dive. CNBC looks into how Atlanta’s recent population and economic growth has negatively affected low-income renters and homebuilders. These are among today’s must reads from around the commercial real estate industry.
Investment Writing
NOVEMBER 28, 2022
Can you spot what’s wrong in the image below? Please post your answer as a comment. I wince every time I hear someone use this expression. I post these challenges to raise awareness of the importance of proofreading. The post MISTAKE MONDAY for November 28: Can YOU spot what’s wrong? appeared first on Susan Weiner Investment Writing.
Wealth Management
NOVEMBER 28, 2022
In-store traffic ticked up 2.9 percent at brick-and-mortar retailers versus 2021, according to preliminary data compiled by Sensormatic Solutions. Salesforce Inc. said the average consumer discount on Black Friday was expected to be greater than 30 percent, up from 28 percent last year and close to the 33 percent rate in 2019.
NAIFA Advisor Today
NOVEMBER 28, 2022
For NAIFA-CT President Addison Rosenbluth, CLTC , insurance is part of a family legacy. In 1957, his grandfather founded MERIT Insurance Services, Inc. During his senior year of college, he got an opportunity to travel to California for training. After gaining experience and earning his licenses, he returned to Connecticut and now works alongside his father, Jace Rosenbluth, running the family business.
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
NOVEMBER 28, 2022
The proposed rule would prompt remote examinations of the residential offices a permanent part of FINRA's process, but PIABA President Hugh Berkson warns it would allow reps to skirt oversight.
Calculated Risk
NOVEMBER 28, 2022
These indicators are mostly for travel and entertainment. It was interesting to watch these sectors recover as the pandemic impact subsided. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. This data is as of November 27th. Click on graph for larger image. This data shows the 7-day average of daily total traveler throughput from the TSA for 2019 (Light Blue), 2020 (Black), 2021 (Blue) and 2022 (Red).
Wealth Management
NOVEMBER 28, 2022
The hearing will focus on Kroger’s planned takeover of Albertsons, a significant merger that skeptical lawmakers say could reduce competition among supermarkets. The hearing will also feature an anti-monopoly advocate from Consumer Reports, a University of Maryland professor and Michael Needler, the CEO of Fresh Encounter, Inc., a smaller grocery store chain.
Norman Marks
NOVEMBER 28, 2022
I was surprised and pleased, surprised and flattered, and then disappointed by a new publication by NIST (the US Department of Commerce’s National Institute of Standards and Technology). NIST published NISTIR 8286D, Using Business Impact Analysis to Inform Risk Prioritization and Response this month. I have been saying that in order to understand how a […].
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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
NOVEMBER 28, 2022
After a turbulent decade, the U.S. mall industry seems to have come out of the pandemic in decently good health.
Advisor Perspectives
NOVEMBER 28, 2022
FINRA has released new data for margin debt, now available through October. The latest debt level is down 2.2% month-over-month.
Wealth Management
NOVEMBER 28, 2022
Macy’s has converted about 1 million sq. ft. of space at 35 stores into fulfillment operations, reports Retail Dive. Global direct investment in CRE fell on a quarterly basis for the first time since the onset of the pandemic, according to JLL. These are among today’s must reads from around the commercial real estate industry.
Integrity Financial Planning
NOVEMBER 28, 2022
These days, retirement planning will likely involve Individual Retirement Accounts in one way or another. Whether you’re looking to roll over a 401(k), optimize your withdrawal timing, or take advantage of catch-up contributions, your IRA strategy may be one of the main components of your income strategy. So, let’s talk about the Roth IRA and its unique value at the end of the calendar year.
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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!
Wealth Management
NOVEMBER 28, 2022
Are there actions that UHNW business owners can take now while we wait for the resurgence of IPO activity?
XY Planning Network
NOVEMBER 28, 2022
7 MIN READ. We see many advisors with successful careers in financial planning and investment management influenced at some level by the ability to cross every “T” and dot every “I.” So it's very natural for them to feel a little anxious about whether or not every detail has been properly executed when making the leap to independence or even moving between firms.
Advisor Perspectives
NOVEMBER 28, 2022
MegaThreats, Nouriel Roubini’s latest full-length offering, puts his Olympic-class pessimism on full display.
A Wealth of Common Sense
NOVEMBER 28, 2022
Today’s Talk Your Book is brought to you by Madison Investments: See here to learn more about investing in Madison Investments strategies and managed account solutions and here for disclosure information On today’s show, we are joined by Ray Di Bernardo, VP and Portfolio Manager of Madison Investments to discuss covered call strategies in today’s market On today’s show we discuss: What Madison Inv.
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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.
Wealth Management
NOVEMBER 28, 2022
Individuals with a net worth over $5 million are now more at risk than they have been in decades.
Carson Wealth
NOVEMBER 28, 2022
Craig Lemoine, Ph.D., CFP ® , Director of Consumer Investment Research . Estate planning touches two critical aspects of our lives: It can direct the distribution of property while providing a structure of guardianship and care for ourselves as well as those we love and care for. But many people feel like estate planning happens when you’re older, and that’s a misconception.
Wealth Management
NOVEMBER 28, 2022
Landmark program recoups $5.6 billion for victims. Informants say it could be even more.
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