The Big Picture
JANUARY 23, 2023
I wanted to drop a quick note about the endless spate of layoff announcements — and why you should (mostly) ignore them. Let’s start with some numbers: Microsoft 22,000 (10%) Amazon 18,000 (1%) Google 12,000 (6.4%) Salesforce 7,000 (10%) Tesla 10,000 (10%) Twitter 3,700 (50%) Apple 0 (0%) Keep in mind a few things as you con
Nerd's Eye View
JANUARY 23, 2023
An important truism about marketing is that to be effective, the marketer’s message needs to connect with the audience it intends to reach. Traditional forms of marketing used by financial advisors – including networking with one’s friends and family members, cold-calling, and paid advertising – have been effective at reaching a ‘typical’ client base of older, wealthy retirees.
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Abnormal Returns
JANUARY 23, 2023
Podcasts Christine Benz and Jeff Ptak talk taxes with Jeffrey Levine, chief planning officer for Buckingham Strategic Wealth. (morningstar.com) Daniel Crosby talks with Derek Hagen about living a life of intention and mindfulness. (standarddeviationspod.com) Brendan Frazier talks building communication skills with Jim Grubman. (wiredplanning.com) Diana Britton talks with Mary Martin author of "Mindfulness for Financial Advisors.
Wealth Management
JANUARY 23, 2023
In a settlement, FINRA said the firm mistakenly believed that third-party b/ds executing the trades were responsible for spotting potential market manipulation.
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.
Abnormal Returns
JANUARY 23, 2023
Retail trading Say Technologies is making it easier for companies and shareholders to interact. (axios.com) How zero-commissions affect investor behavior. (papers.ssrn.com) Companies Netflix ($NFLX) really is on the cusp of a new era. (stratechery.com) Salesforce ($CRM) has attracted an activist investor in Elliott Management. (wsj.com) Spotify ($SPOT) is cutting its workforce.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
JANUARY 23, 2023
Note: This is as of December 31st. From the MBA: Share of Mortgage Loans in Forbearance Remains Flat at 0.70% in December The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance remained flat relative to the prior month at 0.70% as of December 31, 2022. According to MBA’s estimate, 350,000 homeowners are in forbearance plans.
Good Financial Cents
JANUARY 23, 2023
The 401(k) plan is the largest asset many investors own accounting for 36.2% of their total net worth according to the U.S. Census Bureau. Regularly checking your 401(k) account can help you stay on top of your investments, and make sure that your money is working for you in the best way possible. What is a 401k? Table of Contents What is a 401k? Why is it important to check your 401k?
Wealth Management
JANUARY 23, 2023
Amazon Web Services said it will invest $35 billion through 2040 to build multiple data center campuses in Virginia. Big U.S. banks are pulling back on lending volumes on office and apartment properties, reports CoStar. These are among today’s must reads from around the commercial real estate industry.
Advisor Perspectives
JANUARY 23, 2023
FINRA has released new data for margin debt, now available through December. The latest debt level is down 5.77% month-over-month.
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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
JANUARY 23, 2023
CMBS conduit deals realized about $130 million in losses during the last month of 2022, reports Commercial Observer. Extended-stay hotels continue to be a good investment play, according to GlobeSt.com. These are among today’s must reads from around the commercial real estate industry.
Integrity Financial Planning
JANUARY 23, 2023
For most, Social Security provides a solid foundation for retirement income. In fact, as of September 2022, over 70 million Americans were collecting benefits. [1] However, not everyone knows exactly how or when to start tapping into this resource. As you grow older and retirement looms on the horizon, the decisions you make start to have a more crucial impact on the amount of money you receive, so it’s important that you know what to expect.
Wealth Management
JANUARY 23, 2023
In today’s volatile market, small and mid cap funds are uniquely positioned to capture the attention of investors with diversified exposure and a strong performance outlook for 2023.
Alpha Architect
JANUARY 23, 2023
This table of emissions and carbon intensity is relevant to the question of institutional investor influence over the carbon footprint. Institutional Investors and Corporate Carbon Footprint was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
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
JANUARY 23, 2023
Overall volume has slowed and some entities have switched gears from buying properties to acquiring real estate platforms and operating companies.
A Wealth of Common Sense
JANUARY 23, 2023
Today’s Talk Your Book is brought to you by KraneShares: Today we are joined by Luke Oliver, Managing Director, Head of Climate Investments, and Head of Strategy at Kraneshares to discuss Kraneshares suite of climate ETFs. On today’s show, we discuss: How emissions are financialized Voluntary vs compliant carbon markets How emissions are related to political risk How the ETF is constructed What drives carbon price H.
Wealth Management
JANUARY 23, 2023
Mercer has updated its messaging, images and colors to better reflect its position as a national RIA with an integrated approach to financial planning.
MarketWatch
JANUARY 23, 2023
Newell Brands Inc. NWL, the parent company of Rubbermaid, Sharpie, and other brands, announced Monday that it planned to cut about 13% of office positions as it looks to reduce costs. The company expects to see annualized pre-tax savings of $220 million to $250 million as the result of its broader restructuring and cost-savings plan. Newell Brands expects that it will start the layoffs in the first quarter of 2023 and be mostly done by the end of the yer.
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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
JANUARY 23, 2023
Chief investment officer Marcus Duley expects to see some foreclosures, but there’s plenty of rescue capital still in the market, he notes.
MarketWatch
JANUARY 23, 2023
Genius Group Ltd. GNS, a Singapore-based education company, set guidance for 2023 on Monday, saying it expects revenue of $48 million to $52 million, up 37% from its 2022 proforma guidance. The company, which captured headlines last week when it said it had appointed a former F.B.I. director to lead a task force investigating alleged illegal trading in its stock that it first disclosed in early January, said it expects the number of students attending its entrepreneur-training courses to climb t
Wealth Management
JANUARY 23, 2023
Remote staff are saving the most time in China, where forgoing the trek to and from one’s workplace is freeing up 102 minutes a day, according to the study published this month by the National Bureau of Economic Research. Serbian workers saw the smallest savings of 51 minutes, while those in the US also saw a comparatively low 55 minutes spared.
MarketWatch
JANUARY 23, 2023
Shares of Evoqua Water Technologies Corp. AQUA soared 14.6% toward a nine-month high in premarket trading Monday, after the water and wastewater treatment company agreed to be acquired by Xylem Inc. XYL in an all-stock deal valued at $7.5 billion. Xylem’s stock tumbled 9.7% toward a three-month low. Under terms of the deal, Evoqua shareholders will receive 0.480 Xylem shares for each Evoqua share they own.
Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC
In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.
Wealth Management
JANUARY 23, 2023
The criminal investigative arm of the IRS counts down their biggest cases of the past year.
MarketWatch
JANUARY 23, 2023
Rivian Automotive Inc. RIVN said Monday that Jim Chen, vice president of public policy, is planning to leave the EV maker, the latest executive departure at the company. A Rivian spokesperson told MarketWatch it was a “mutual agreement between Jim and Rivian,” and that Chen wanted to spend more time with family and that he would stay on for a number of weeks to ensure a smooth transition.
Wealth Management
JANUARY 23, 2023
The reality check will start to hit in the coming weeks as lenders across Europe get results of year-end appraisals.
MarketWatch
JANUARY 23, 2023
U.S. stocks finished at their highest level in a month on Monday as strong performances by consumer-technology giant Apple Inc. AAPL and chipmaker NVIDIA Inc. NVDA pushed the Nasdaq Composite COMP further into the lead. The Nasdaq gained roughly 223 points, or 2%, to finish at around 11,364, bringing the tech-heavy index’s year-to-date gain to 8.6%, according to FactSet data.
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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
JANUARY 23, 2023
The problem is that these elaborate venues require expensive upfront investments and, like any new concept, can be risky.
MarketWatch
JANUARY 23, 2023
Verb Technology Co. Inc. VERB, a provider of interactive video-based sales apps, has become the latest small-cap company to announce plans to address naked short selling of its stock, among suspected trading violations. The Newport Beach, California and Lehi, Utah-based company said it believes “that certain individuals and/or companies may have engaged in illegal trading activities, including, among other things, naked short selling and spoofing that may have artificially depressed VERB’s stock
Wealth Management
JANUARY 23, 2023
Today’s financial landscape demands an approach that is both broader and more nuanced.
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