Wealth Management
MAY 22, 2023
In today’s world, advisors can differentiate themselves by delivering value where it’s always been—in the client relationship. The problem is, the industry has created the perfect product market fit for middle-aged white men, says Ellevest’s Sallie Krawcheck.
Abnormal Returns
MAY 31, 2023
Podcasts Jonathan Hollow talks with Andrew Hallam author of "Balance: How to Invest and Spend for Happiness, Health, and Wealth." (podcasts.apple.com) Morgan Housel on the 'art of spending money.' (open.spotify.com) Taxes What Is a 83(b) election? (thomaskopelman.com) Who is eligible for the retirement savings tax credit? (humbledollar.com) Fraud How to protect yourself against check fraud.
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A Wealth of Common Sense
MAY 19, 2023
Each year Gallup performs a survey that asks a group of Americans what the best long-term investment is among the following options: Stocks Bonds Cash Gold Real estate These are the latest results: Real estate has been at the top of the charts for over a decade at this point but it saw a big drop from 2022 to 2023. Following the 2022 bear market stocks fell to third place behind gold.
Calculated Risk
MAY 29, 2023
Way back in 2013, I wrote a post " Predicting the Next Recession. In that 2013 post, I wrote: The next recession will probably be caused by one of the following (from least likely to most likely): 3) An exogenous event such as a pandemic , significant military conflict, disruption of energy supplies for any reason, a major natural disaster (meteor strike, super volcano, etc), and a number of other low probability reasons.
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Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
The Big Picture
MAY 5, 2023
Imagine you had a device that allowed you to peer into the future. You enter a subject matter into this machine, requesting a specific quantitative measure, and at a specific future time. In other words, Price and Date. The machine whirrs and spins, lights flash, bells ring, and out pops a chart showing a range of answers and their probabilities. You might imagine a machine like that would be worth a lot.
The Reformed Broker
MAY 17, 2023
Just wanted to take a moment to recognize the incredible work my media and research teams have been doing to propel The Compound channel past 120,000 subscribers this month. And that 120k is just a fragment of the audience because almost everything we do on video is also on the audio podcast channels too. For those who are new to what we’re doing at the Compound YouTube channel each week, below is the schedule of w.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Abnormal Returns
MAY 26, 2023
The biz Test-driving the New York Times audio app. (lefsetz.com) AI-generated podcasts are coming. (wired.com) Startups Eric Newcomer talks with Sarah Tavel of Benchmark Capital. (newcomer.co) Carolyn Levy and Jessica Livingston talk with Y Combinator founder Paul Graham. (open.spotify.com) Patrick O'Shaughnessy talks with Henry Schuck is the founder and CEO of ZoomInfo.
Nerd's Eye View
MAY 31, 2023
The 2017 Tax Cuts & Jobs Act introduced a $10,000 limit on the State And Local Tax (SALT) deduction that was previously available for taxpayers who itemized their deductions. In response to the new deduction limit, many states enacted laws creating a new Pass-Through Entity Tax (PTET) designed to help owners of pass-through businesses (partnerships, LLCs, and S corporations) avoid the limitation and preserve the deductibility of their state tax payments.
Calculated Risk
MAY 10, 2023
Here a few measures of inflation: The first graph is the one Fed Chair Powell has been mentioning. Click on graph for larger image. This graph shows the YoY price change for Services and Services less rent of shelter through March 2023. Services were up 6.8% YoY as of April 2023, down from 7.2% YoY in March. Services less rent of shelter was up 5.2% YoY in April, down from 6.1% YoY in March.
The Big Picture
MAY 4, 2023
I have been writing about issues with the minimum wage for (it seems like) decades. During that time, consuming lots of academic research, I reached a few logically supported conclusions. The least contentious of which is that modest increases in minimum wages increase economic activity and create jobs. But there are other surprises around the minimum wage.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
The Reformed Broker
MAY 29, 2023
Okay, it’s up 10,000% since May of 2013 and is now the best performing stock in America during the past decade. Everyone is obsessed. It’s the biggest story in the market this year. Cramer has now named a second family dog after it. Jensen Huang’s name is now in the mainstream alongside Bill Gates, Steve Jobs, Mark Zuckerberg, Jeff Bezos, Elon Musk.
Wealth Management
MAY 1, 2023
In an increasingly competitive market, clients demand not only a smart-money strategy, but also attention to the smallest details of their financial lives.
Abnormal Returns
MAY 21, 2023
Top clicks this week 10 things we get rid of as we age. (physicianonfire.com) Money buys independence: the 16 levels of wealth. (collabfund.com) People looking to buy a house right now have three options. (awealthofcommonsense.com) A big wealth transfer is under way in the U.S. (nytimes.com) Copper prices have rolled over. (allstarcharts.com) What does it really cost to own a home?
Nerd's Eye View
MAY 30, 2023
Welcome back to the 335th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Tim Wyman. Tim is a Managing Partner for the Center for Financial Planning, a hybrid advisory firm based in Southfield, Michigan, that oversees $1.5 billion in assets under management for 1,000 client households. What's unique about Tim, though, is how, as a second-generation partner, he helped redesign the firm’s organizational structure from siloed advisors to an ensemble practice,
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Calculated Risk
MAY 8, 2023
From the Federal Reserve: The April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices The April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the first quarter of 2023.
The Big Picture
MAY 5, 2023
My end-of-week morning NFP train WFH reads: • Warren Buffett’s Formula for Success: One Good Decision Every Five Years : Berkshire Hathaway has obliterated the market in his 58 years at the company. He credits roughly 12 decisions. ( Wall Street Journal ) see also The 10 Greatest US Investors and the Virtues That Made Them : There can be few fields of human endeavor in which history counts for so little as in the world of finance.
The Reformed Broker
MAY 2, 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: ►Uber Earnings – “Based on data from Bloomberg, 262 companies in the $spx have reported, sales growth in 1Q is 4% and earnings growth is -2.69%” ►Cap Weighted Rules – “It’s rare for t.
Wealth Management
MAY 9, 2023
CEO Aaron Klein reiterated that it would not move toward asset management, but would orient the firm, and its identity, "to seize the growth space.
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Abnormal Returns
MAY 25, 2023
Investing Vanguard CEO Tim Buckley on what tasks AI is going to take over. (pionline.com) Igor Tulchinsky, "Using AI to move between visual and text is an interesting way of harnessing algorithms to potentially identify opportunities or shape conclusions that may be more obvious when seen by the human eye." (semafor.com) Expect more ETFs to be marketed based on the use of AI.
Nerd's Eye View
MAY 26, 2023
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that while banks have been able to attract a younger and more diverse set of financial advisors compared to the rest of the industry, thanks in part to their built-in referral stream, a relative lack of independence and dated technology could lead some of their advisors to explore options with independent RIAs.
Calculated Risk
MAY 2, 2023
From the BLS: Job Openings and Labor Turnover Summary The number of job openings decreased to 9.6 million on the last business day of March , the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations were little changed at 6.1 million and 5.9 million, respectively. Within separations, quits (3.9 million) changed little, while layoffs and discharges (1.8 million) increased. emphasis added The following graph shows job openings (black line), hire
The Big Picture
MAY 3, 2023
At least they told us what they were going to do. As much as critics of the Federal Reserve have been up in arms over the fastest rate hiking cycle in modern history, no one can claim it to be a surprise. Jerome Powell & Co. have continually warned that they are aggressively fighting inflation with a 5% target. They said it in Fed minutes, they said it in pressers, they said it in speeches; we just took them figuratively, not literally.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
The Reformed Broker
MAY 16, 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: ►Einhorn, Burry, Buffett – David Einhorn and Michael Burry were buying regional banks in Q1. ►Positive Surprises – “This will upset a lot of gloom and doomers, but oh well” ►Wealth Transfer .
Wealth Management
MAY 23, 2023
The new tool uses Advyzon as its foundation and Lumiant will support the behavioral finance aspect.
Abnormal Returns
MAY 18, 2023
Finance Zero-day options are changing how the stock market operates. (finance.yahoo.com) Managing cash is no longer an afterthought. (institutionalinvestor.com) RIP, once and for all, Libor. (economist.com) Funds Jon Hale looks at the evolution of sustainable investing over the past couple decades. (morningstar.com) ETFs are seeing increased adoption in Europe.
Nerd's Eye View
MAY 24, 2023
Screening calls are a common part of the prospecting process for financial advisory firms, particularly those that receive a large number of inquiries, and can help determine whether a prospective client might be a good fit. At the same time, these calls can be awkward for both the prospect and the advisor, as the prospect might be asked to discuss personal information about their finances with someone they have never met before, and the advisor has to ask potentially thorny questions, such as w
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Calculated Risk
MAY 1, 2023
Altos reports that active single-family inventory was up 2.0% week-over-week. It appears inventory has finally bottomed seasonally. This is the highest inventory level since the week ending Feb 24th. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of April 28th, inventory was at 422 thousand (7-day average), compared to 414 thousand the prior week.
The Big Picture
MAY 4, 2023
My morning train WFH reads: • You’ve Heard About Behavioral Finance. But What About Physical Finance? Research suggests a fascinating link between the physical world and how investors price stocks. ( Institutional Investor ) • The real reason Mexico suddenly dominates global beer exports : Today, Mexico ships out more than twice as much beer as any other country and single-handedly accounts for 30 percent of the world’s entire export-beer market, according to Geneva-based trade statistics provid
The Reformed Broker
MAY 26, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Dror Poleg, and Downtown Josh Brown discuss Nvidia’s ascent, the AI explosion, the future of work, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!
Wealth Management
MAY 1, 2023
The veteran executive will work to consolidate, standardize and scale the West Coast RIA.
Speaker: Erroll Amacker
Automation is transforming finance but without strong financial oversight it can introduce more risk than reward. From missed discrepancies to strained vendor relationships, accounts payable automation needs a human touch to deliver lasting value. This session is your playbook to get automation right. We’ll explore how to balance speed with control, boost decision-making through human-machine collaboration, and unlock ROI with fewer errors, stronger fraud prevention, and smoother operations.
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