Nerd's Eye View

AUGUST 1, 2022

Welcome to the August 2022 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that Envestnet has acquired Redi2, one of the most widely used ‘revenue management’ systems in broker-dealers that facilitates the flow of dollars coming in and being paid out to advisors in al

Financial Planning 210

Financial Planning Financial Advisor Commission Planning 210

Abnormal Returns

AUGUST 1, 2022

Markets How major asset classes performed in July 2022. (capitalspectator.com) 30-year mortgage rates are well off their highs of a month ago. (calculatedriskblog.com) High yield bond spreads are still above average. (mailchi.mp) Crypto A look at the sorry record of celebrity cryptocurrency endorsements. (bloomberg.com) Joe Weisenthal and Tracy Alloway talk with Benn Eifert about the seeming lack of risk managment among crypto firms.

Financial Advising 130

Financial Advising Startup Risk Management Manufacturing 130

Calculated Risk

AUGUST 1, 2022

Inventory is still increasing rapidly, but the inventory build has slowed somewhat over the last few weeks. Still, inventory is increasing much faster than normal for this time of year (both in percentage terms and in total inventory added). Here are the same week inventory changes for the last four years: 2022: 13.4K 2021: 4.4K 2020: -13.4K 2019: 2.9K Inventory bottomed seasonally at the beginning of March 2022 and is now up 124% since then.

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Abnormal Returns

AUGUST 1, 2022

Podcasts Brendan Frazier talks with Tim Maurer about the 'why' of financial planning. (wiredplanning.com) Daniel Crosby talks with Samantha Lamas about why simple solutions to behavioral issues are difficult to find. (standarddeviationspod.com) Sequence of returns Some strategies to mitigate sequence of returns risk, including 'retire slowly.' (advisorperspectives.com) How 'buffer assets' can help reduce sequence of returns risk when it is at its peak.

Retirement 130

Retirement Distribution Communication Financial Planning 130

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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.

Accounting

Calculated Risk

AUGUST 1, 2022

These indicators are mostly for travel and entertainment. It is interesting to watch these sectors recover as the pandemic subsides. Notes: I've added back gasoline supplied to see if there is an impact from higher gasoline prices. Apple has discontinued "Apple mobility", and restaurant traffic is mostly back to normal. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers.

Economy 144

Economy Transportation Numbers Sales 144

Calculated Risk

AUGUST 1, 2022

From the Census Bureau reported that overall construction spending increased: Construction spending during June 2022 was estimated at a seasonally adjusted annual rate of $1,762.3 billion, 1.1 percent below the revised May estimate of $1,781.9 billion. The June figure is 8.3 percent above the June 2021 estimate of $1,628.0 billion. emphasis added Both private and public spending decreased: Spending on private construction was at a seasonally adjusted annual rate of $1,416.4 billion, 1.3 percent

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Wealth Management

AUGUST 1, 2022

Advisors with histories of serious misconduct who exit the brokerage industry often continue to provide advice under state insurance regulations and are likely to reoffend in the future, according to a recent Stanford Law study.

Insurance 115

Insurance 115

Alpha Architect

AUGUST 1, 2022

I find that returns are predictably negative for several months after the onset of recessions, becoming high only thereafter. I identify business cycle turning points by estimating a state-space model using macroeconomic data. Conditioning on the business cycle further reveals that returns exhibit momentum in recessions, whereas in expansions they display the mild reversals expected from discount rate changes.

Asset Allocation 114

Asset Allocation Assets Investing Investments 114

The Irrelevant Investor

AUGUST 1, 2022

This is the weirdest market and economic environment of my career. Michelangelo wouldn’t be able to paint a clear picture of it all. You should always be wary of people with strong opinions about the future, but maybe never more so than right now. Here’s my best attempt to explain where we came from and where we are today. This year has been all about inflation and interest rates.

Economics 110

Economics Marketing Marketing 110

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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

Wealth Management

AUGUST 1, 2022

Firms that don’t embrace technological solutions to track, analyze and assess risk across asset classes and geographies will be hard pressed to stay relevant.

Assets 114

Assets 114

Calculated Risk

AUGUST 1, 2022

Today, in the Calculated Risk Real Estate Newsletter: Black Knight Mortgage Monitor: "Record-Setting Slowdown in Home Price Growth" A brief excerpt: The first graph shows Black Knight’s estimate of monthly house price increases and the year-over-year change in prices. • The annual home price growth rate fell by nearly two full percentage points to 17.3% in June, from 19.3% in the prior month – a 66% stronger deceleration than in the prior month • June's slowdown surpassed by 50% the 134 BPS plun

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Trade Brains

AUGUST 1, 2022

Tata Group Vs Adani Group: Earlier this year in July, Gautam Adani beat Bill Gates to become the fourth richest person in the world. The rise of Gautam Adani is a surprise to many. His wealth increased from $6 billion in 2017 to $115 billion in 2022, a 19x increase. He now stands against RIL’s Mukesh Ambani, a second-generation billionaire. Media quips about their rivalry all the time.

Planning 98

Planning Distribution Retail Manufacturing 98

Financial Symmetry

AUGUST 1, 2022

Financial Symmetry is thrilled to promote Sam Knighton to Client Service Associate. Sam joined our team in 2019 as our Administrative Assistant and after maternity leave transitioned into a virtual admin role in 2021. Sam brings a focused, compassionate approach … Continued. The post FSI Promotes Sam Knighton to Client Service Associate appeared first on Financial Symmetry, Inc.

Clients 98

Clients 98

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

AUGUST 1, 2022

The proposed Inflation Reduction Act includes a change that would affect how real estate promotes are taxed, according to The National Law Review. The latest CoStar data shows that rapid apartment rent growth has begun to taper off. These are among today’s must reads from around the commercial real estate industry.

Taxes 97

Taxes 97

Meb Faber Research

AUGUST 1, 2022

Episode #432: Robert Keith, Beartooth Group – Investing for Financial & Environmental Returns Through Ranch Restoration in The American West Guest: Robert Keith is the co-founder of Beartooth Capital Partners. Bearthooth’s goal is to use lessons learned from both Wall Street and rural ranches, to create innovative solutions for their partners that positively impact […].

Investing 97

Investing Investments Marketing Marketing 97

Wealth Management

AUGUST 1, 2022

For the commercial real estate sector to embrace these responsibilities, we must do more than swap lightbulbs with LEDs. Genuine sustainability and corporate responsibility involve many intertwined influences.

Retail 94

Retail 94

XY Planning Network

AUGUST 1, 2022

5.5 MIN READ. News, fuel, groceries — unless you’ve avoided these recently, you've probably heard that inflation is up. I have seen a lot of threads on what Advisors should tell clients and how they should shift their financial strategy. Yet, there continues to be a vast lack of information about the challenges of being a firm owner as revenues trend down and prices up.

Clients 84

Clients Fee Only Education Marketing 84

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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

Wealth Management

AUGUST 1, 2022

Private equity-backed Clearstead completes its sixth acquisition in seven years, bringing its total assets under advisement close to $32 billion.

Assets 101

Assets 101

Alpha Architect

AUGUST 1, 2022

No exposure to domestic equities. No exposure to international equities. No exposure to REITs. Full exposure to commodities. No exposure to intermediate-term bonds. DIY Asset Allocation Weights: August 2022 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Asset Allocation 83

Asset Allocation Assets 83

Wealth Management

AUGUST 1, 2022

Genstar-backed insurance and wealth management firm Alera Group on track to goal of $10 billion AUM by 2023, according to the firm.

Wealth Management 105

Wealth Management Insurance Management 105

Cornerstone Financial Advisory

AUGUST 1, 2022

Presented by Cornerstone Financial Advisory, LLC. Undaunted by another Fed rate hike and news of a contracting economy, the stock market rallied last week on better-than-expected corporate earnings. The Dow Jones Industrial Average increased 2.97%, while the Standard & Poor’s 500 picked up 4.26%. The Nasdaq Composite index gained 4.70% for the week.

Marketing 77

Marketing Marketing Taxes Economics 77

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Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

Management

Wealth Management

AUGUST 1, 2022

The SEC's settlement with Aegis Capital Corporation included a $2.3 million civil penalty; Commissioner Hester Pierce said the deal may lead to firms not giving clients the investment option at all even when it would be useful for them.

Clients 88

Clients Investing Investments 88

A Wealth of Common Sense

AUGUST 1, 2022

Today’s listener mailbag is brought to you by Rocket Dollar: Click here to get the Rocket Dollar Guide to Self-Directed Retirement Plans for free. We discuss: Maxing 401ks and covering income with pensions Indexed insurance products The best investment accounts to open for kids How much to allocate to alternatives Freeing up liquidity from a house Timing the housing market Advice on.

Retirement Planning 73

Retirement Planning Insurance Retirement Accounting 73

Wealth Management

AUGUST 1, 2022

In some cities, most of the workforce has already returned to the office, reports The New York Times. Commercial Observer looks at how real estate attorneys are helping investors close deal in a more challenging environment. These are among today’s must reads from around the commercial real estate industry.

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Gen Y Planning

AUGUST 1, 2022

Many people think about home ownership in phases—the starter house, an upgrade or two, and the elusive “dream home.”. What does your dream home look like? Does it have an HGTV-level kitchen, a spa-like main bathroom, or a swoon-worthy patio? While you may think that house sits on top of a hill, what if the forever-home potential is in your current four walls?

Numbers 52

Numbers Planning Banking Math 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

Wealth Management

AUGUST 1, 2022

Sales of individual assets were up in the first half of the year, according to MSCI Real Assets. But portfolio transactions are becoming less common.

Assets 86

Assets Investing Investments Portfolio 86

James Hendries

AUGUST 1, 2022

A bear market is a prolonged period of price declines in securities, an index such as the S&P 500, or the overall stock market of usually 20% or more from a recent high. Bear markets can also signal economic downturns such as a pandemic, recession, or geopolitical crisis and may be cyclical or longer-term. Pessimism and overall negative investor sentiment may occur during a bear market, often leading to heard behavior, hasty decisions, and fear selling.

Marketing 52

Marketing Marketing Portfolio Financial Planning 52

Wealth Management

AUGUST 1, 2022

Big money is at stake in the debate over the best way to navigate turmoil in the economy and markets.

Retail 88

Retail Marketing Marketing Economy 88