The Reformed Broker
FEBRUARY 8, 2023
Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Bear Market Rallies – Another bear market rally or a new bull market? ►AI Bubble of 2023 – ChatGPT had over 100 million users in January.
Nerd's Eye View
FEBRUARY 8, 2023
Seasoned financial advisors have likely worked with clients with a wide variety of workplace retirement accounts, which can vary in terms of their investment offerings, fees, and other characteristics. But given that the U.S. government is the largest employer in the country, it can be especially helpful for advisors to be familiar with the ins and outs of (and recent changes to) the Federal government’s own defined contribution plan: the Thrift Savings Plan (TSP).
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Abnormal Returns
FEBRUARY 8, 2023
Markets Ben Carlson, "Don’t buy or sell or hold anything because someone on TV or YouTube or Twitter or a blog or a TikTok video tells you to." (awealthofcommonsense.com) Neil Dutta, "In my view, what makes someone worth listening to is whether their thought process makes sense. It is not enough to point to this indicator or that one." (businessinsider.com) AI AI-powered search could help kill off the link ecosystem.
The Reformed Broker
FEBRUARY 8, 2023
Uber’s earnings prove it’s not a ‘pandemic stock,’ says Ritholtz’s Josh Brown from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
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.
The Big Picture
FEBRUARY 8, 2023
I am back home after a busy three days in Miami for the giant ETF Exchange conference. It’s a very busy industry event – I suspect a ton of business is done, deals closed, and sales made. It’s also a monster networking event, where you get to meet new people and see old friends. It’s about 40% RIAs, 60% industry — ETF providers, servicers, fintech, and other industry stalwarts.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Nationwide Financial
FEBRUARY 8, 2023
The stock market’s impressive rally in January, which saw the S&P 500® Index rise over 6% and the Nasdaq Composite climb nearly 11% for the month, brightened the mood among investors after last year’s volatility. Only twice since World War II has the stock market followed double-digit losses in the previous year, with a gain of over 5% in January.
Calculated Risk
FEBRUARY 8, 2023
From the U.S. Courts: Bankruptcy Filings Drop 6.3 Percent Bankruptcy filings fell 6.3 percent for the 12-month period ending Dec. 31, 2022, continuing a fall that coincided with the start of the COVID-19 pandemic. But individual filings under Chapter 13 increased significantly. Annual bankruptcy filings in calendar year 2022 totaled 387,721, compared with 413,616 cases in 2021, according to statistics released by the Administrative Office of the U.S.
Wealth Management
FEBRUARY 8, 2023
The Nebraska Supreme Court held that the owners of Crete Carrier Corp., a major U.S. trucking company, failed to abandon their domicile in Nebraska for a permanent residence in Florida.
NAIFA Advisor Today
FEBRUARY 8, 2023
Brett L. Moore, CFP ® , grew up in the insurance and financial services business. His father, long-time NAIFA member William C. Moore, CFP ® , founded W.C. Moore Financial Services, LLC , and Moore remembers spending hours at his dad’s office, stuffing financial papers into plastic sheets and helping out any way he could.
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.
MarketWatch
FEBRUARY 8, 2023
Georgia senators voted Tuesday to permanently block schools and most state and local government agencies from requiring people to get vaccinated against COVID, the Associated Press reported, in the latest move to scrap such a mandate. The Senate voted 31-21 in favor of the bill, which would make permanent what had been a one-year ban enacted in 2022.
Wealth Management
FEBRUARY 8, 2023
RIAs are more likely to add a new custodial relationship than unwind an existing one, presenting an opportunity for emerging custodians to make inroads, according to a new Cerulli report.
MarketWatch
FEBRUARY 8, 2023
U.S. stocks ended lower Wednesday, with losses led by the technology-laden Nasdaq Composite, after investors digested remarks from several Federal Reserve officials. The Dow Jones Industrial Average finished around 200 points lower, or 0.6%, while the S&P 500 shed 1.1% and the Nasdaq sank 1.7%, according to preliminary data from FactSet. Fed Gov. Christopher Waller said in a speech Wednesday at an agribusiness conference at Arkansas State University that he's "prepared for a longer fight to get
Wealth Management
FEBRUARY 8, 2023
The Examinations Division will continue to focus on ESG and look for firm policies that are “reasonably designed" to comply with the SEC's marketing rule.
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.
MarketWatch
FEBRUARY 8, 2023
Shares of Sumo Logic Inc. SUMO rallied more than 15% in the extended session Wednesday after The Wall Street Journal reported that private-equity firm Francisco Partners is nearing a $1.7 billion deal for the software provider. The deal could be unveiled as soon as Thursday, the report said, citing people familiar with the talks. Sumo Logic has a market cap of around $1.46 billion.
Wealth Management
FEBRUARY 8, 2023
Multifamily rents leveled off in January after dipping in the fourth quarter of 2022, reports Yardi Matrix. Green Street analysis says that falling commercial property prices are at or near their bottom. These are among today’s must reads from around the commercial real estate industry.
Advisor Perspectives
FEBRUARY 8, 2023
Surveying your clients and prospects is essential, especially as we continue to confront a major shift in how we live our lives.
Wealth Management
FEBRUARY 8, 2023
Regardless of the nature of the task you are looking to outsource, there will always be components that will remain the responsibility of your internal team.
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.
Advisor Perspectives
FEBRUARY 8, 2023
Few of us would sacrifice happiness at the altar of wealth. Financial advisors who add immeasurable value to their clients are focused on both.
Wealth Management
FEBRUARY 8, 2023
The Los Angeles Lakers star has built a $1.1 billion fortune by being a dominant force on the basketball court and an active dealmaker and investor on the side.
Calculated Risk
FEBRUARY 8, 2023
With the pandemic, there was a surge in 2nd home buying. I'm looking at data for some second home markets - and I'm tracking those markets to see if there is an impact from lending changes, rising mortgage rates or the easing of the pandemic. This graph is for South Lake Tahoe since 2004 through January 2023, and shows inventory (blue), and the year-over-year (YoY) change in the median price (12-month average).
Wealth Management
FEBRUARY 8, 2023
A school’s use of home equity can be financially brutal for families looking for financial aid. But colleges assess the asset differently.
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!
Advisor Perspectives
FEBRUARY 8, 2023
At present, multiple jobholders account for 4.9 percent of civilian employment. The survey captures data for four subcategories of the multi-job workforce, the current relative sizes of which we've illustrated in a pie chart.
Wealth Management
FEBRUARY 8, 2023
Brookfield Asset managed $418 billion in fee-bearing capital at the end of December — up 15% — across asset classes including real estate, infrastructure, credit, private equity and renewable power.
eMoney Advisor
FEBRUARY 8, 2023
Today’s financial professional has a lot on their plate. In addition to working with clients, there’s so much that goes on behind the scenes. Not only the administrative work that comes from managing client accounts but also the aspects of keeping the business running and marketing to bring in new clients. If you’re finding that your marketing has taken a back seat to everything else you have going on, you’re not alone.
Wealth Management
FEBRUARY 8, 2023
Harbor Group International spent $2.7 billion on multifamily properties in 2022 and is out hunting for deals again this year.
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.
MarketWatch
FEBRUARY 8, 2023
An earlier version of this report misstated Uber’s adjusted Ebitda guidance. It has been corrected.Shares of Uber Technologies Inc. UBER were heading 7% higher in premarket trading Wednesday after the ride-hailing company delivered an upbeat outlook for the current quarter. The company generated fourth-quarter net income of $595 million, or 29 cents a share, whereas it posted net income of $892 million, or 44 cents a share, in the year-earlier quarter.
Wealth Management
FEBRUARY 8, 2023
The popular financial visualization software company continues to grow its user base, staff and integration partners.
MarketWatch
FEBRUARY 8, 2023
Shares of Alphabet Inc.’s Google GOOGLGOOG dropped more than 7% Wednesday following news about its new AI chatbot, Bard — a day after Microsoft Corp. MSFT held its own event to demonstrate new AI technologies in its competing search engine, Bing. Some analysts suggested the decline in Google’s stock indicated investors had hoped for more substantive news.
Expert insights. Personalized for you.
246 
Let's personalize your content