Abnormal Returns
SEPTEMBER 18, 2023
Podcasts Daniel Crosby talks with Michael Kitces about automation and the future of financial advice. (standarddeviationspod.com) Michael Kitces talks with Jason Wenk, CEO of Altruist, about how he is trying to build an all-in-one investment OS. (kitces.com) Brendan Frazier talks with Samantha Lamas and Danielle Labotka about why clients hire and fire their financial advisers.
Nerd's Eye View
SEPTEMBER 18, 2023
When an advisor runs their own solo advisory firm, their capacity to meet with current and prospective clients is limited to the extent that they are also responsible for all of the non-client-facing tasks of running their firm. Which may not be a serious limitation when they are just starting out and don’t have a lot of clients to serve, but as the firm grows, they will eventually run out of time available for working with clients – at which point, it becomes necessary to decide whe
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Abnormal Returns
SEPTEMBER 18, 2023
Strategy Why selling a stock is harder than buying. (flyoverstocks.com) Rebalancing frequency is less important than actually rebalancing. (obliviousinvestor.com) Five excuses that people use to excuse wrong predictions. (mrzepczynski.blogspot.com) Companies What does Disney ($DIS) look like without its legacy media businesses? (cnbc.com) Will Amazon ($AMZN) ever find a fourth pillar for its business?
The Big Picture
SEPTEMBER 18, 2023
My morning train WFH reads: • A 3% Mortgage Rate in a 7% World? This Startup Says It Can Do That : Loan assumptions, which let a home buyer essentially take over a seller’s mortgage, are hard to find and hard to pull off. ( Wall Street Journal ) • Why the UAW Strike Isn’t the Biggest Problem for Ford and GM : The labor action highlights the biggest issue: Can the auto makers afford to spend what it takes to thrive in the new world of EVs?
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.
Wealth Management
SEPTEMBER 18, 2023
One way to mitigate the impact of a failed exchange is “tax straddling,” which involves timing the exchange so the sale falls in one tax year and the receipt of proceeds in the following year.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
SEPTEMBER 18, 2023
Forum Investment Group's Jay Miller describes how alt investments provide opportunities for average investors to diversify portfolios by accessing asset classes previously limited to institutional investors.
Carson Wealth
SEPTEMBER 18, 2023
Stocks continue to trade in a choppy range after the best seven-month start to a year since 1997. August and September tend to see seasonal weakness, and this is playing out once again as expected. Bullish investors may view this as encouraging, as they would prefer to see stocks catch their breath before an eventual move higher, which we still expect over the coming months.
Wealth Management
SEPTEMBER 18, 2023
With demand driven by the boom in artificial intelligence development, the San Francisco office market is showing signs of life, reports The Wall Street Journal. More than 550 New York office buildings have been identified as candidates for apartment conversions, according to the New York Business Journal. These are among the must reads from the real estate investment world to start the new week.
Advisor Perspectives
SEPTEMBER 18, 2023
Managing volatility is a high priority for advisors. The right investments can stabilize a portfolio and dampen volatility, while keeping goals on track. Increasing bond allocations used to be the standard way to reduce volatility, but with bonds more correlated to equities, their diversification value has decreased. With high inflation, bonds also aren’t providing enough real income for many investors.
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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
SEPTEMBER 18, 2023
Dakota Wealth, Mariner, Paragon, Cetera, tru Independence and Osaic all added advisors this week, while Berthel Fisher and Dynasty Financial Partners announced some executive changes.
Advisor Perspectives
SEPTEMBER 18, 2023
High mortgage rates continue to weaken builder confidence. The National Association of Home Builders (NAHB) Housing Market Index (HMI) fell 5 points from last month to 45, the index's second straight monthly decline.
Wealth Management
SEPTEMBER 18, 2023
Recruited away from Morgan Stanley, Los Angeles-based The Francis Group is the latest team to join LPL’s SWS division, the IBD’s premium affiliation model that went live in April 2020.
Advisor Perspectives
SEPTEMBER 18, 2023
FINRA has released new data for margin debt, now available through August. The latest debt level fell for the first time since April to $689.19 billion. Margin debt is down 2.9% month-over-month (MoM) and up 0.2% year-over-year (YoY). However, after adjusting for inflation, debt level is down 3.3% MoM and down 3.3% YoY.
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.
Wealth Management
SEPTEMBER 18, 2023
Reject the notion that team members should leave their personal lives behind when they walk through the office door.
Advisor Perspectives
SEPTEMBER 18, 2023
Warren Buffett has advised investors to be fearful when others are greedy and greedy only when others are fearful. New research confirms Buffett’s admonition.
Wealth Management
SEPTEMBER 18, 2023
Martin M. Shenkman and Joy Matak share how you can help a family navigate the host of tax decisions to be made after the death of a loved one.
Advisor Perspectives
SEPTEMBER 18, 2023
In a significant turnaround for its aviation sector, Mexico’s air safety rating was upgraded from Category 2 back to Category 1 by the Federal Aviation Administration (FAA). The upgrade could be a game-changer, offering opportunities for both Mexican airlines and their U.S. joint venture partners.
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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.
Wealth Management
SEPTEMBER 18, 2023
The ratings agencies are concerned that Cetera’s planned acquisition of Avantax could weaken its financial profile.
oXYGen Financial
SEPTEMBER 18, 2023
Wealth Management
SEPTEMBER 18, 2023
Do not forget the basics regarding compliance and ligitation of 401(k) retirement plans.
A Wealth of Common Sense
SEPTEMBER 18, 2023
Today’s Talk Your Book is presented by GLASfunds: On today’s show, we are joined again by Brett Hillard, CIO of GLASfunds to discuss an update on investing in alternatives. On today’s show, we discuss: Who GLASfunds is, and what they do GLASfunds vs. a feeder-fund Wealth management vs. institutional investment in alternatives How advisors are utilizing GLASfunds Investing in alternatives in a rising-.
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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!
Wealth Management
SEPTEMBER 18, 2023
The South and Midwest dominate the top of the rankings.
Advisor Perspectives
SEPTEMBER 18, 2023
Warren Buffett has advised investors to be fearful when others are greedy and greedy only when others are fearful. New research confirms Buffett’s admonition.
Wealth Management
SEPTEMBER 18, 2023
Capital Group's Jonathan Young discusses the latest retirement plan trends.
Advisor Perspectives
SEPTEMBER 18, 2023
If someone’s good enough to regularly trounce the market, they don’t want your money.
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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.
Financial Symmetry
SEPTEMBER 18, 2023
Investing is simple but not easy. To that end, what are the impacts if you do a poor job managing your investments? Several studies from Vanguard and Morningstar have attempted to quantify how behavioral coaching can impact your savings. The numbers … Continued The post The Benefits of a Wealth Management Relationship – Part 2, Ep #199 appeared first on Financial Symmetry, Inc.
Advisor Perspectives
SEPTEMBER 18, 2023
Seven of the eight indexes on our world watch list posted gains through September 18, 2023. Tokyo's Nikkei 225 finished in the top spot with a YTD gain of 28.51%. The U.S.'s S&P 500 finished in second with a YTD gain of 16.46% while India's BSE SENSEX moved into third with a YTD gain of 10.28%.
Wealth Management
SEPTEMBER 18, 2023
Adhere to state and federal laws when operating a CGA program.
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