The Reformed Broker
AUGUST 29, 2022
Is this chart going up or down? It’s not a trick question. Just look at it and tell me what primary the trend is. You’d be amazed at how many financial advisors, insurance brokers acting as financial advisors, financial planners, wirehouse wealth managers, financial consultants and other assorted intermediaries in this business could not for the life of them look at this chart and give you a straight answer.
Nerd's Eye View
AUGUST 29, 2022
For most advisory firms, 2022 has been a year of relative stability, market volatility notwithstanding. After 2 years of the pandemic forcing massive changes to most firms’ systems and processes, from client meetings to internal management to marketing and business development, advisory firms are increasingly ‘finding their groove’ in this new post-pandemic (or at least, post-acute-pandemic) era as they grow accustomed to the new ways of getting business done.
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Abnormal Returns
AUGUST 29, 2022
Markets The ten best (and worst) performing stocks since the March 2020 bottom. (theirrelevantinvestor.com) Some big companies have not yet reinstated their dividend from before the pandemic. (wsj.com) Media Why Warner Bros. Discovery ($WBD) CEO David Zaslav is going to end up ruining HBO Max. (theverge.com) Why NBC is thinking about shrinking its programming lineup.
Calculated Risk
AUGUST 29, 2022
Here is another monthly update on framing lumber prices. This graph shows CME random length framing futures through August 29th. Lumber was at $511 per 1000 board feet this morning. This is down from the peak of $1,733, and up 5% from $485 a year ago. Prices are still up sharply from the pre-pandemic levels of around $400. Click on graph for larger image.
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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 29, 2022
Podcasts Josh Brown and Michael Batnick talk with Devon Drew of DFD Partners. (thereformedbroker.com) Megan Carpenter and Candice Carlton talk authenticity and niche with Michael Kitces. (ficommpartners.com) Jeff Ptak and Christine Benz talks with Michael Kitces about the myth of free compression. (morningstar.com) Independence Mike Hlavek, "After years of work in a wirehouse, you get used to having to justify everything you want to do.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Irrelevant Investor
AUGUST 29, 2022
Buyers and sellers always have different views of what something is worth. This is true with small items like coffee mugs and truer still with large items such as your home. I poke around on Zillow fairly regularly, and one house around where I live caught my attention. The home was built in 1950, it has four beds and two baths, and I’m guessing ~2,000 square feet.
Calculated Risk
AUGUST 29, 2022
Inventory is still increasing, but the inventory build has slowed over the last two months. Still, inventory is increasing faster than in 2019 at this time of year. Here are the same week inventory changes for the last four years: 2022: +3.3K 2021: -0.4K 2020: -2.1K 2019: +2.8K Inventory bottomed seasonally at the beginning of March 2022 and is now up 130% since then.
Wealth Management
AUGUST 29, 2022
While once institutional allocations were weighted towards retail and office, they have responded to long-term structural shifts and refocused on industrial, multifamily and data centers.
Calculated Risk
AUGUST 29, 2022
Today, in the Calculated Risk Real Estate Newsletter: 30-Year Mortgage Rates Pushing 6% Again Excerpt: After reaching 6.28% on June 14th, 30-year mortgage rates decreased to a low of 5.05% on August 1st according to Mortgagenewsdaily.com. Since then, rates have been moving up, and rates increased today to 5.95%, probably due to Fed Chair Powell’s speech on Friday.
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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
AUGUST 29, 2022
If you understand the people caught up in the “Great Wealth Transfer”—if you align your outreach with their habits and goals—you can position yourself to grow with them in the years to come.
Calculated Risk
AUGUST 29, 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. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. This data is as of August 28th.
Financial Symmetry
AUGUST 29, 2022
Allison Berger, CFP® and Chad Smith, CFP® were both selected as one of Investopedia’s 100 Top Financial Advisors of 2022. They are two of the five financial advisors on this list from North Carolina. Allison Berger, CFP® says “I’m honored … Continued. The post Investopedia 100 Top Financial Advisors of 2022-Allison Berger and Chad Smith appeared first on Financial Symmetry, Inc.
Wealth Management
AUGUST 29, 2022
Warehouses and shipping containers choking with inventory are snarling the U.S. supply chain, according to The Wall Street Journal. Blackstone executives see publicly-traded REITs as one of the best options for investing in real estate right now, reports Seeking Alpha. These are among today’s must reads from around the commercial real estate industry.
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.
Darrow Wealth Management
AUGUST 29, 2022
Investing during periods of volatility can be difficult, especially when markets seem arbitrary. Gaining a historical perspective can help expectations for investors and reframe events into a more appropriate context. Whether you’re a long-term investor trying to understand market moves or are concerned about your portfolio considering the downturn, here are nine charts every investor should see.
Wealth Management
AUGUST 29, 2022
Mini-tenders have been a thorn in the side of non-traded REIT sponsors, and they are also on the receiving end of backlash from other industry participants.
Alpha Architect
AUGUST 29, 2022
Do equity markets care about income inequality? We address this question by examining equity markets’ reaction and investors’ portfolio rebalancing in response to the first-time disclosure of the ratio of CEO to median worker pay by U.S. public companies in 2018. We find that firms’ disclosing higher pay ratios experience significantly lower abnormal announcement returns.
Wealth Management
AUGUST 29, 2022
NAPFA selected FP Transitions to build a custom ‘continuity partner matching’ program for members with vetted buyers, equity plans and valuation services.
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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.
A Wealth of Common Sense
AUGUST 29, 2022
There were a lot of predictions at the outset of the pandemic about how the world would be changed forever. Some were kind of right. Others were very wrong. So it goes with these things. The one that never made sense to me is how colleges were going to get disrupted by online classes once students saw how pointless it was to go to class. If anything, the pandemic proved how necessary it is for young people to interact wit.
Wealth Management
AUGUST 29, 2022
New York State officials are betting on the return to the office with a large scale redevelopment around Penn Station, reports The New York Times. Forbes looks at U.S. cities where home prices are falling the fastest. These are among today’s must reads from around the commercial real estate industry.
Norman Marks
AUGUST 29, 2022
Whenever I see papers or presentations by consultants on the evolution of internal auditing, usually by adopting new technologies, I am at once amused and frustrated. What these papers ignore is that so much more can be achieved by ensuring internal auditors perform the basics well. For example, in my experience few internal audit departments […].
Wealth Management
AUGUST 29, 2022
China’s distressed-debt managers have been in turmoil as aggressive lending to embattled developers and unchecked expansion into other areas during the sector’s boom years has beset the $730 billion funds with heavy credit losses.
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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!
XY Planning Network
AUGUST 29, 2022
7 MIN READ. Coming out of 2021, we’ve all felt a little alone in our work. Some of us may have returned to a hybrid or fully in-person office setting. Others may still be working from a home office. Whatever your preference, we are here to get you re:engaged with your community at #XYPNLIVE 2022 so that you can continue to re:imagine the industry. XY Planning Network set out to do just that exact thing 8 years ago—re:define traditional financial planning and take it to the next level.
Wealth Management
AUGUST 29, 2022
Paul Newman’s daughters sue the Newman's Own foundation alleging contributions to their designated charities were improperly reduced.
A Wealth of Common Sense
AUGUST 29, 2022
Today’s Animal Spirits is brought to you by KraneShares ETFs: We had Brendan Ahern, CIO of Kraneshares on the show to give us an update on China and a deep dive into the KraneShares Bosera MSCI China Index. On today’s show we discuss: An update on what’s happening with China China’s performance vs the rest of the world China’s crackdown on tech companies Chinese listing issues with the US Listen h.
Wealth Management
AUGUST 29, 2022
Providing ethical, competent financial planning is an immediate and direct step to help your community improve its financial resilience.
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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.
Clever Girl Finance
AUGUST 29, 2022
Do you know someone who takes the bus to work, makes their own lunches , and never takes luxurious vacations? Or perhaps you have a neighbor who lives in a modest house, drives an old car, and cuts their own grass? All of us know people like this , and we might even be people like this who've achieved stealth wealth! Most of us probably also make assumptions about people based on their spending habits and what they seemingly have or do not have.
Wealth Management
AUGUST 29, 2022
The latest Focus tuck-in adds $140 million in AUM and expands Buckingham’s Northwest presence.
Cornerstone Financial Advisory
AUGUST 29, 2022
Presented by Cornerstone Financial Advisory, LLC. A comprehensive sell-off on Friday following comments by Fed Chair Jerome Powell drove stocks to losses for the week. The Dow Jones Industrial Average tumbled 4.22%, while the Standard & Poor’s 500 dropped 4.04%. The Nasdaq Composite index fell 4.44% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, lost 1.10%. 1,2,3.
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