Nerd's Eye View

MARCH 8, 2023

In the early days of investing, stocks were often evaluated in a vacuum: Investors assessed the plusses and minuses of each company’s stock based on its own merits, with little consideration of the relationship between one stock’s performance and that of the market as a whole. Then, in the 1960s, with the advent of the Capital Asset Pricing Model (CAPM), investors began to look at stocks (and by extension, pooled investments like mutual funds as well as entire portfolios) through the

Investing 181

Investing Investments Portfolio Economics 181

Calculated Risk

MARCH 8, 2023

From the BLS: Job Openings and Labor Turnover Summary The number of job openings decreased to 10.8 million on the last business day of January , the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations changed little at 6.4 million and 5.9 million, respectively. Within separations, quits (3.9 million) decreased, while layoffs and discharges (1.7 million) increased. emphasis added The following graph shows job openings (black line), hires (dark

Numbers 139

Numbers Economy Marketing Marketing 139

Nationwide Financial

MARCH 8, 2023

While the recent rise in interest rates has meant higher borrowing costs for households, homebuyers, and businesses, it’s also meant higher risk-free bond yields for income investors, who now have a real alternative to equities and less incentive to chase riskier yields. For example, the six-month Treasury bill yields around 5.12% as of this writing – the highest level since 2007.

Assets 111

Assets Financial Planning Economy Investing 111

Calculated Risk

MARCH 8, 2023

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 7.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 3, 2023. The Market Composite Index, a measure of mortgage loan application volume, increased 7.4 percent on a seasonally adjusted basis from one week earlier.

Marketing 122

Marketing Marketing 122

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

Wealth Management

MARCH 8, 2023

In honor of International Women’s Day today and Women’s History Month, WealthManagement.com recognizes eight women who broke the glass ceiling in the male-dominated field of finance.

109

109

Wealth Management

MARCH 8, 2023

WeWork is trying to shore up its financial footing by wooing potential investors, reports The New York Times. Build-to-rent projects are weathering higher interest rates, according to Urban Land. These are among today’s must reads from around the commercial real estate industry.

104

104

A Wealth of Common Sense

MARCH 8, 2023

Short-term interest rates continue to charge higher as the economy remains stronger than anticipated. We’re looking at 5% yields across the board for short-term government bonds. Some people will still scoff at these yields by reminding you that inflation is still 6% but let’s be honest — right or wrong, most investors think in nominal terms, not real.

Marketing 100

Marketing Marketing Government Economy 100

Wealth Management

MARCH 8, 2023

Law firm Eversheds Sutherland attributed the drop in fines to a massive penalty against Robinhood in 2021 and said they expected many Reg BI–related cases in the coming years.

98

98

MarketWatch

MARCH 8, 2023

Atlas Energy Solutions Inc. said late Wednesday it would price its initial public offering at $18 a share, lower than previously estimated. The stock is scheduled to start trading on the New York Stock Exchange under the ticker “AESI” Thursday. That pricing puts the offering at $324 million based on the 18 million shares offered, and the company said it intends to put proceeds of $292.9 million — or $338.4 million if underwriters use another 2.7 million shares to cover overallotments — in a seri

Marketing 98

Marketing Marketing 98

Advertisement

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

Gen Y Planning

MARCH 8, 2023

With the growing popularity of remote work, it’s no surprise that we see people all over TikTok and Instagram living their best lives abroad. This can create some serious FOMO and burning questions about how these full-time travelers can fund their Insta-worthy vacations. Since (for most people) it isn’t feasible to take an extended vacation and travel the world, your next best bet may be trying to work abroad.

Taxes 98

Taxes Transportation Planning Food 98

Calculated Risk

MARCH 8, 2023

Fed's Beige Book "This report was prepared at the Federal Reserve Bank of New York based on information collected on or before February 27, 2023. " Overall economic activity increased slightly in early 2023. Six Districts reported little or no change in economic activity since the last report, while six indicated economic activity expanded at a modest pace.

Economics 98

Economics Retail Manufacturing Sales 98

Wealth Management

MARCH 8, 2023

Survey respondents remain bullish on industrial fundamentals despite concerns about rising interest rates and the potential for a recession.

109

109

Norman Marks

MARCH 8, 2023

The IIA has released for public comment a draft update of its Standards. I believe it is important for everybody who shares my desire to advance the internal audit profession and its practices to review and share feedback on the draft.

Government 97

Government 97

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

MARCH 8, 2023

Be mindful that each enacting jurisdiction has adopted its own version of the UTC, and there are material differences between each adaptation.

104

104

A Wealth of Common Sense

MARCH 8, 2023

Today’s Animal Spirits is brought to you by YCharts: Enter your information here to get 20% off YCharts (new clients only) On today’s show, we discuss: Why so bearish? The Exchange from the desk of Kelly Evans I spent two years revenge spending, it was hard to stop Bars, hotels and restaurants become the economy’s fastest-growing employers Net Interest on Goldman Sachs, Silvergate, Revolut, and Klarna .

Economy 89

Economy Clients 89

eMoney Advisor

MARCH 8, 2023

At this point, you’ve probably heard of ChatGPT. The AI writing tool can solve complicated problems, answer questions more comprehensively than a search engine, and even write like a human. As trendy as it is right now, AI will never be able to replace the human touch that’s essential for building trusted relationships with your clients.

Marketing 84

Marketing Marketing Media Communication 84

Validea

MARCH 8, 2023

By Jack Forehand, CFA, CFP® ( @practicalquant ) — There are some core principles that are supposed to govern investing. If I were to ask you to come up with the most important one of those principles off the top of your head, there is a pretty good chance you would tell me that to get a better return you need to take more risk. And in my experience, that principle is a very good one and does hold the majority of the time.

Investing 83

Investing Investments Portfolio Assets 83

Advertisement

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

Advisor Perspectives

MARCH 8, 2023

High-yield investors beware. Junk bonds that were financed at low, fixed rates will eventually mature and, according to Jeffrey Gundlach, weak issuers that cannot refinance at higher rates will default.

116

116

Million Dollar Round Table (MDRT)

MARCH 8, 2023

By Jeremy Mark Wellington, Dip PFS, Dip Cll The concept of overnight success is a myth. Hard work, consistency and grit are the key ingredients in achieving our goals, allowing us to do more and be happier while doing so. Furthermore, making small, continuous improvements every day will be compounded over time and will give us our desired results. Here are some of the areas I focus on.

Communication 74

Communication Clients 74

Wealth Management

MARCH 8, 2023

A significant victory for those with non-willful violations of the filing statute.

Accounting 109

Accounting 109

MarketWatch

MARCH 8, 2023

Silvergate Capital Corp.SI shares plunged 30% in after-hours trading Wednesday after the company said it intended to wind down operations and voluntarily liquidate its subsidiary Silvergate Bank, a crypto-friendly lender. The liquidation plan includes full repayment of all deposits, according to Silvergate. The company is considering the best way to resolve claims and preserve the residual value of its assets, it said.

Banking 76

Banking Planning Financial Advisor Assets 76

Advertisement

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

MARCH 8, 2023

Yet another lesson in how estate plans and family challenges can pose difficulties for all.

Estate Planning 104

Estate Planning Taxes Planning 104

MarketWatch

MARCH 8, 2023

President Joe Biden is expected to propose a 5.2% raise for federal employees in his budget that will be released on Thursday, the Washington Post reported. It would be the largest pay increase for the 2.1 million executive branch employees since a 9.1% increase in 1980, the Post said, citing officials. The White House declined to comment for the Post’s story.

Budgeting 76

Budgeting Taxes Marketing Marketing 76

Wealth Management

MARCH 8, 2023

A total of 25 new ETFs made their market debuts during the month of February 2023.

Marketing 102

Marketing Marketing 102

MarketWatch

MARCH 8, 2023

Bed Bath & Beyond Inc. BBBY said Wednesday it has received about $135 million in gross proceeds from the exercise of preferred stock warrants that were issued as part of a public equity offering conducted on Feb. 7. That deal, which was described by KeyBanc Capital Markets analyst Bradley Thomas as “one of the most unusual financing situations we have witnessed in 20+ years of following consumer and retail companies,” has now produced total proceeds of $360 million.

Retail 76

Retail Marketing Marketing 76

Advertisement

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

MARCH 8, 2023

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

104

104

MarketWatch

MARCH 8, 2023

A previous version of this Market Pulse item incorrectly referred to the Model Y as the Model 7. The item has been corrected. The National Highway Traffic Safety Administration, or NHTSA, said Wednesday it has launched an investigation of the Tesla Inc. TSLA Model Y SUV after receiving two complaints that the steering wheel detached. The regulator said both times, the cars were delivered to the owners missing the retaining bolt that attaches the steering wheel to the steering column.

Manufacturing 76

Manufacturing Marketing Marketing 76

Advisor Perspectives

MARCH 8, 2023

The question you are asking about AI (“Will AI replace me?”) is wrong.

98

98