Nerd's Eye View

OCTOBER 4, 2022

Welcome back to the 301st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Ramit Sethi. Ramit is the author of the New York Times’s bestselling book, I Will Teach You To Be Rich , and the owner of the online platform of the same name that offers financial education content and programs to consumers so they can get refocused on their personal finances and the things they love.

Clients 206

Clients Financial Advisor Education Retirement 206

Abnormal Returns

OCTOBER 4, 2022

September How major asset classes performed in September 2022. (capitalspectator.com) Even commodity prices fell in September. (mrzepczynski.blogspot.com) Value continues to lead the factor race in 2022. (insights.finominal.com) Markets The Investor Opportunity Index (IOI) is at its highest level since September 2020. (thereformedbroker.com) During bear markets, big up (and down) days cluster together.

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Financial Advising Media Numbers Assets 144

The Reformed Broker

OCTOBER 4, 2022

Final Trades: GXO, Gold & Semis from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Abnormal Returns

OCTOBER 4, 2022

Markets Lumber prices are back down to pre-pandemic levels. (calculatedriskblog.com) A doubling of the mortgage rates radically changes housing math. (theirrelevantinvestor.com) Risk parity funds have not avoided the market downturn. (wsj.com) Check out the spike in volatility in the utility sector. (priceactionlab.com) Crypto Why Kim Kardashian got charged, and Matt Damon didn't.

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Math Financial Advising Media Economy 130

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.

Accounting

The Irrelevant Investor

OCTOBER 4, 2022

Stocks got washed out in the third quarter. Whether you were looking at prices or people’s reactions to said prices, it was hard to find anything positive to say other than things are so bad they’re actually good. That might sound silly, but it’s not. It’s the truth. The riskier stocks feel, the less risky they get over time.

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Wealth Management

OCTOBER 4, 2022

Net lease retail REITs, aggregators and cash buyers are anticipating an extremely active acquisitions environment for the remainder of the year as terms become more attractive.

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Retail 122

Calculated Risk

OCTOBER 4, 2022

The BEA released their estimate of vehicle sales for September this morning. This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the September 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.

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Sales 138

Wealth Management

OCTOBER 4, 2022

Office-to-multifamily conversions have ticked up lately. But such redevelopments remain difficult to pull off and represent a small percentage of the apartment pipeline.

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Calculated Risk

OCTOBER 4, 2022

From the BLS: Job Openings and Labor Turnover Summary The number of job openings decreased to 10.1 million on the last business day of August, the U.S. Bureau of Labor Statistics reported today. Hires and total separations were little changed at 6.3 million and 6.0 million, respectively. Within separations, quits (4.2 million) and layoffs and discharges (1.5 million) were little changed. emphasis added The following graph shows job openings (black line), hires (dark blue), Layoff, Discharges and

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Numbers Economy Marketing Marketing 133

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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

Investment Writing

OCTOBER 4, 2022

Have you ever struggled to generate topics for your blog posts, white papers, and other publications? You are not alone. I have some solutions to help you brainstorm. 1. Write about your clients’ mistakes and problems. The most powerful brainstorming advice I can give you is to start “ Blogging the mistakes your clients make.” My post on this topic gives you a template for writing this kind of blog post. 2.

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Clients Investing Investments 117

Wealth Management

OCTOBER 4, 2022

Latest acquisition follows a $4 million technology overhaul bringing client data in-house. It adds two new offices and establishes Merit’s presence in the greater Seattle area.

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Clients 114

The Irrelevant Investor

OCTOBER 4, 2022

The Case-Shiller Home Price index is up 43% since the end of 2019. This unsustainable increase is reversing, and the headlines will read as if another 2008 is upon us. Exhibit A: Home prices fell 1.05% in August and 0.98% in August. With prices up >12% y/o/y, “plunging” is not how I would describe this. Normalizing seems more appropriate.

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Wealth Management

OCTOBER 4, 2022

As more homebuyers step away from the market due to rising mortgage rates, home builders are selling new homes to SFR investors in bulk, reports The Wall Street Journal. Asset managers continue to own large office portfolios, according to Pensions & Investments. These are among today’s must reads from around the commercial real estate industry.

Portfolio 111

Portfolio Assets Management Investing 111

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

Clever Girl Finance

OCTOBER 4, 2022

The fear of facing a recession is always overwhelming. Unfortunately, recessions are something we can't control on a personal level, and as a result, you’re probably a bit worried. However, you can prepare for a recession financially by switching your career path into a recession-proof job or business. Recession-proof businesses can thrive despite an economic downturn.

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Food Economy Healthcare Economics 104

Wealth Management

OCTOBER 4, 2022

The retail real estate sector is having a resurgence, with falling vacancy and rising asking rents, reports The Wall Street Journal. Commercial Property Executive looks at the impact of Hurricane Ian on property insurance rates. These are among today’s must reads from around the commercial real estate industry.

Retail 111

Retail Insurance 111

WiserAdvisor

OCTOBER 4, 2022

Retirement planning can be a bit complex. There are multiple factors to weigh in, right from healthcare and inflation to estate planning, business succession planning, tax planning, and more. Given the complexity and magnitude of things necessary for a comfortable retirement, starting planning from a young age is also essential. However, the main drawback to this can be the lack of foresight regarding what and how to plan.

Budgeting 102

Budgeting Retirement Healthcare Food 102

Calculated Risk

OCTOBER 4, 2022

Today, in the Calculated Risk Real Estate Newsletter: House Prices: 7 Years in Purgatory A brief excerpt: However, even in normal times, house prices are not sticky downwards in real terms as this graph shows. In the July Case-Shiller report , real prices were only up 5.4% year-over-year (YoY) and will likely be down YoY in real terms later this year.

Sales 101

Sales 101

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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

Walkner Condon Financial Advisors

OCTOBER 4, 2022

As fall falls and the temperatures signal a new season, we are reminded why we love this time of year in Wisconsin. We are replacing our shorts and swim trunks with flannel shirts and hooded sweatshirts. Even though most of us have been through the Midwest seasonal pattern for decades, every season feels new and different from last year or the year before.

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Marketing Marketing Financial Advisor Fee Only 98

Calculated Risk

OCTOBER 4, 2022

From Matthew Graham at Mortgage News Daily: Mortgage Rates Continue Recovering Mortgage rates remain elevated in the context of the past decade and 2022 in general, but they continue making progress after hitting long-term highs early last week. The average lender is now getting back into the middle to upper-middle 6% range depending on the scenario and the presence of "points" in the loan quote. [ 30 year fixed 6.69% ] emphasis added Tuesday: • At 8:00 AM ET, Corelogic House Price index for Aug

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Wealth Management

OCTOBER 4, 2022

With Florida acquisition, MAI Capital Management breaks into the retirement plan space, part of strategy to more than triple AUM over next four years; the firm also announced addition of Florida-based $140M AUM advisor.

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Retirement Retirement Planning Planning Management 98

A Wealth of Common Sense

OCTOBER 4, 2022

Last week legendary hedge fund manager Stanley Druckenmiller told CNBC his baseline is for U.S. stocks to go nowhere for a decade: I’m just saying we’ve had a hurricane behind us for 30 or 40 years, and it’s reversing, and I wouldn’t be surprised — in fact, it’s my central forecast — the Dow won’t be much higher in ten years than it is today.

Marketing 95

Marketing Marketing Management 95

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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

Wealth Management

OCTOBER 4, 2022

Mercer's California-based addition adds to a string of 14 deals so far this year for the $38 billion AUM RIA.

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Alpha Architect

OCTOBER 4, 2022

No exposure to domestic equities. No exposure to international equities. No exposure to REITs. Partial exposure to commodities. No exposure to intermediate-term bonds. DIY Trend-Following Allocations: October 2022 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

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Asset Allocation Assets 70

Wealth Management

OCTOBER 4, 2022

The models are part of Kestra’s efforts to bring investment services to advisors across the firm’s business channels, executives say.

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Portfolio Investing Investments 111

Validea

OCTOBER 4, 2022

While others may be panicking, Jeffrey Gundlach of Doubleline Capital sees opportunities in the current bond rout, the worst the globe has seen in decades. According to a recent tweet, the chief investment officer at Doubleline says he’s buying Treasuries amid yields for U.S. 10-year bonds that have risen about 235 basis points so far this year, the highest increase dating back to 1962, reports an article in Financial Advisor Magazine.

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Financial Advisor Taxes Investing Investments 59

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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

OCTOBER 4, 2022

Cavalieri, who built Advisor I/O’s marketing platform, will bring his content and digital marketing chops to alternatives investment platform CAIS.

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Marketing Marketing Investing Investments 103

Validea

OCTOBER 4, 2022

Though stocks and bonds continue to drop and the housing market has weakened, financial markets are moving toward normal, posits an article in Barron’s. Ordinary assets are on their way to levels that would suggest decent long-term returns, provided they don’t hit too many barriers along the way. Quick Links Validea Special Discount Offer Top Value Stocks in Today’s Market Screen for Stocks Using Peter Lynch’s GARP Method.

Banking 59

Banking Economy Valuation Economics 59

Wealth Management

OCTOBER 4, 2022

“Current DAFs don’t do enough to actually help people give the money in the funds away,” says CEO and founder Adam Nash.

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