The Big Picture

AUGUST 3, 2022

Barry Ritholtz, Ritholtz Wealth Management Chairman and CIO & “Masters in Business” host, discusses risk-reward and the less liquid aspects of the market: “I’m reminded of the words of the great investor, Groucho Marx, who said ‘ I don’t want to be a member of any club that would have me.”. When we look at alternatives and that’s everything from venture to hedge fund to private equity, the ones you can get into tend to not to be the top performing funds.

Wealth Management 281

Wealth Management Management Marketing Marketing 281

Calculated Risk

AUGUST 3, 2022

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey — Mortgage applications increased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 29, 2022. The Refinance Index increased 2 percent from the previous week and was 82 percent lower than the same week one year ago.

Economics 143

Economics Marketing Marketing 143

The Irrelevant Investor

AUGUST 3, 2022

Gross domestic product is the most commonly accepted measure of the economy’s performance. For the previous two quarters, it showed that the economy contracted. So recession, right? Wrong. Before getting into why I don’t think the economy was in a recession during the first half of the year, it’s worth mentioning that things are very weird right now.

Economy 136

Economy 136

Wealth Management

AUGUST 3, 2022

Healy, who was laid off from TD Ameritrade during its integration with Schwab, has volunteered with the Center for Financial Planning for several years. Now she'll lead it.

Financial Planning 117

Financial Planning CFP Planning 117

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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 3, 2022

Today, in the Calculated Risk Real Estate Newsletter: How Much will the Fannie & Freddie Conforming Loan Limit Increase for 2023? A brief excerpt: With house prices up sharply again over the last year, an interesting question is: How much will the Fannie & Freddie conforming loan limits (CLL) increase for 2023? And how much will the FHA insured loan limits increase?

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Insurance Numbers Sales 109

Nationwide Financial

AUGUST 3, 2022

During Fed Chairman Jerome Powell’s May press conference, the head of the U.S. central bank stated that a 75 basis-point increase was “not something the committee is actively considering.” Fast forward to the June FOMC meeting, where the rate-setting committee hiked the Federal funds target rate by 75 basis points. Another three-quarters point increase followed at the FOMC’s July meeting.

Economics 105

Economics Banking Communication Economy 105

Wealth Management

AUGUST 3, 2022

Freddie Mac expects multifamily origination volume to slow in the second half of 2022, reports Multi-Housing News. A recent survey shows nearly one third of Americans now expect to check in on work when taking time off, according to Fortune. These are among today’s must reads from around the commercial real estate industry.

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Calculated Risk

AUGUST 3, 2022

The BEA released their estimate of vehicle sales for July this morning. This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the July 2022 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new all-time high of 570 thousand SAAR in April 2019.

Sales 98

Sales 98

Wealth Management

AUGUST 3, 2022

Gladstone Wealth Partners, an LPL-affiliated hybrid RIA, teams up with Integrity Marketing Group to “transform” financial planning.

Financial Planning 120

Financial Planning Marketing Marketing Planning 120

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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

Alpha Architect

AUGUST 3, 2022

The analysis above highlights that we are in a rare regime when commodities are the only long asset with a positive trend. The last time this happened we entered a long period of high inflation and poor real returns. Will this happen again? Who knows. But we do know that post-1973 we entered a world where, for several decades (at least up to around 2007), both bonds and commodities were an important component of a diversified portfolio.

Portfolio 93

Portfolio Assets Asset Allocation 93

Wealth Management

AUGUST 3, 2022

The court overturned a decision involving a FINRA arbitration ruling in favor of Wells Fargo, several months after the regulator commissioned a study to examine the case.

Commission 98

Commission 98

Random Roger's Retirement Planning

AUGUST 3, 2022

A few weeks ago we looked at the Cockroach Portolio , today we'll look at something called the Dragon Portfolio which comes courtesy of Chris Cole at Artemis Capital. The details of what the portfolio comprises come from Tokenist.com. If I were to pick an animal to describe a portfolio, I might go with rhinoceros. Not much can take down a rhino, plus I think they're cool.

Portfolio 66

Portfolio Management Clients Assets 66

Wealth Management

AUGUST 3, 2022

While advisor movement across the industry has muted, LPL added 780 advisors in the second quarter, many of which came from its recruitment of CUNA Mutual Group.

Recruitment 101

Recruitment 101

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

Meb Faber Research

AUGUST 3, 2022

Episode #433: Dwight Anderson, Ospraie – A Tiger Cub’s Take on The Chaotic Commodity Markets Guest: Dwight Anderson launched Ospraie Management in 1999 in partnership with Tudor Investment Corporation before establishing Ospraie as an independent firm in 2004. Ospraie is an asset management firm that actively invests in commodity markets and basic industries worldwide. […].

Marketing 59

Marketing Marketing Assets Investing 59

Wealth Management

AUGUST 3, 2022

Lonestar Airport Holdings says it spent smore than $32.5 million after signing a contract six years ago to revive a largely abandoned auxiliary terminal at Austin-Bergstrom International Airport. But the city now wants to end the lease 34 years early.

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Integrity Financial Planning

AUGUST 3, 2022

Why does tax planning matter for your retirement plan? Brian talks through the difference it can make and why you should pay attention to it now as a part of your financial plan. When it comes to taxes, should you use the same person that files taxes to do tax planning and retirement planning for you? A CPA is great at filing taxes and looking at what happened the past year, but don’t often do anything with tax planning.

Tax Planning 52

Tax Planning Taxes Planning Retirement Planning 52

Wealth Management

AUGUST 3, 2022

The new business will provide a range of wealth-management services to a16z partners and the executives of its portfolio companies

Management 96

Management Wealth Management Portfolio 96

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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

Trade Brains

AUGUST 3, 2022

Railway Stocks in India: The Indian Railway is the economic pillar of India. It spans over a 67,850 km route and employs more than 1.4 million people. This makes it the largest employer in India. Being of such a large size, there are many companies that are directly associated with the Indian Railways. Let us take a look at some of these top railway stocks in India.

Transportation 52

Transportation Engineering Government Consulting 52

Wealth Management

AUGUST 3, 2022

With so many options to choose from, how does an advisor decide which path to independence to take?

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Calculated Risk

AUGUST 3, 2022

Wednesday: • At 8:30 AM ET, Trade Balance report for June from the Census Bureau. The consensus is the trade deficit to be $80.1 billion. The U.S. trade deficit was at $85.5 Billion the previous month. • Also at 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for 265 thousand up from 256 thousand last week. On COVID (focus on hospitalizations and deaths): Hospitalizations have almost quadrupled from the lows in April 2022.

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Wealth Management

AUGUST 3, 2022

Mercer Advisors’ latest acquisition completes the succession plan of Mallard's founder, William Starnes.

Planning 99

Planning 99

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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!

Accounting

Steven J. Wilson

AUGUST 3, 2022

The banking industry traditionally struggled when it came to social media. Banks typically find connecting on a human level and building trust with potential and current customers difficult. But now, new online banks are shaking up the social media scene by offering unique approaches that focus on building trust and engaging with customers. Local banks […].

Media 52

Media Banking 52

Wealth Management

AUGUST 3, 2022

Tax professionals can help protect their clients by watching out for these items.

Taxes 110

Taxes Clients 110

Conneqtor

AUGUST 3, 2022

Using content to your advantage Setting up a LinkedIn profile showcasing you and your services is an effective way to start using the platform successfully as a Financial Advisor. However, your success on LinkedIn will largely come down to the content that you post.

Financial Advisor 52

Financial Advisor Financial Planning Planning 52

Wealth Management

AUGUST 3, 2022

Open, honest and candid discussions about the latest news in the RPA industry.

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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

Calculated Risk

AUGUST 3, 2022

(Posted with permission). The ISM® Services index was at 56.7%, up from 55.3% last month. The employment index increased to 49.1%, from 47.4%. Note: Above 50 indicates expansion, below 50 in contraction. From the Institute for Supply Management: Services PMI® at 56.7% July 2022 Services ISM® Report On Business® Economic activity in the services sector grew in July for the 26th month in a row — with the Services PMI® registering 56.7 percent — say the nation’s purchasing and supply executives in

Economics 51

Economics Management 51

Wealth Management

AUGUST 3, 2022

The MTA may not regain 100 percent of pre-pandemic crowds across its entire system until about 2035. Yet, ridership on the weekend for the subway is around 70 percent of pre-pandemic levels.

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Nerd's Eye View

AUGUST 3, 2022

For financial advisors, dealing with issues concerning clients’ children, from education costs to legacy goals, is a common part of the planning process. But a growing number of individuals are going through life without ever having children. And no matter the reason, clients without children have unique planning needs that are important for advisors to recognize.

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Financial Planning Planning Insurance Clients 226