Nerd's Eye View

MAY 1, 2023

Welcome to the May 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that robo-advisor Betterment entered into a $9M settlement with the SEC for misrepresenting its tax-loss harvesting practices in its client agreements and marketing materials compared with its actual practice

Taxes 174

Taxes Financial Advisor Retirement Planning Retirement 174

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.

Economics 363

Economics Financial Planning Portfolio Assets 363

The Reformed Broker

APRIL 29, 2023

And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. . The post This Week on TRB appeared first on The Reformed Broker.

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Abnormal Returns

MAY 2, 2023

Icahn Enterprises Hindenberg Research has Icahn Enterprises LP ($IEP) in their sights. (hindenburgresearch.com) Icahn Enterprises LP ($IEP) has a very cozy relationship with Jefferies. (ft.com) JP Morgan Chase The First Republic acquisition will put JP Morgan Chase ($JPM) in front of the tech industry. (theinformation.com) Jamie Dimon wants no part of the jumbo mortgage market.

Financial Advising 231

Financial Advising Economy Banking Accounting 231

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Financial institutions continue to look to quantify the impact of new technologies. Meanwhile, business lending technologies have grown more popular in the industry. However, understanding the impact of said technologies means understanding how to increase your revenue while decreasing your costs. This is key for the growth of your organization. Biz2X created this eBook to analyze the ROI of business lending platforms and learn about the short-term and long-term benefits of said platforms.

Nerd's Eye View

MAY 2, 2023

Welcome back to the 331st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jake Northrup. Jake is the Founder of Experience Your Wealth, an independent RIA based in Bristol, Rhode Island, that advises 78 client households with a 3-person team supporting more than $550,000 of ongoing revenue. What's unique about Jake, though, is how he’s been able to grow to over $550,000 of revenue in just 4 years since launching from scratch, and how he realized that becau

Financial Advisor 205

Financial Advisor Financial Planning Clients Planning 205

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.

Investing 314

Investing Investments Sales Marketing 314

Abnormal Returns

MAY 1, 2023

Podcasts Daniel Crosby talks ETFs and more with Dave Nadig of VettaFi. (standarddeviationspod.com) Andrew Hatherley talks gray divorce with Liz Merrill. (transcendretirement.net) The biz Charles Schwab ($SCHW) is planning to put more effort into Schwab Private Client. (financialadvisoriq.com) Three United Capital alumni have launched Modern Wealth Management.

Wealth Management 228

Wealth Management CFP Clients Planning 228

Nerd's Eye View

MAY 5, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week’s edition kicks off with the news that the House Financial Services Committee unanimously passed a bill that would direct the SEC to conduct a study and carry out a rulemaking on the definition of a "small entity" to reduce the compliance burden on small businesses, presumably including RIAs.

Financial Planner 183

Financial Planner Financial Services Clients Electronics 183

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.

Assets 359

Assets Wealth Management Valuation Startup 359

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

The Reformed Broker

MAY 5, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Ian Dunlap, Leanna Haakons and Downtown Josh Brown discuss regional banks, the importance of Apple’s earnings, how AI is changing the labor market, TEN STRAIGHT RATE HIKES, the Coinbase shareholder lawsuit, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Banking 228

Banking Marketing Marketing 228

Abnormal Returns

MAY 4, 2023

Books An excerpt from “Plunder: Private Equity’s Plan to Pillage America” by Brendan Ballou. (theatlantic.com) A excerpt from "Traffic: Genius, Rivalry, and Delusion in the Billion-Dollar Race to Go Viral." by Ben Smith. (semafor.com) An excerpt from "For The Culture: The Power Behind What We Buy, What We Do, and Who We Want To Be" by Marcus Collins.

Planning 222

Planning 222

Nerd's Eye View

MAY 3, 2023

While interruptions within conversations occur frequently, the type of interruption can affect the content and flow of the dialogue that follows. For instance, if an interlocutor interrupts a speaker with a totally unrelated question or line of thought, the interruption not only has the potential to frustrate the speaker but can also cause them to lose their train of thought.

Clients 171

Clients Financial Planning Planning Numbers 171

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.

Economy 353

Economy 353

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Management

The Reformed Broker

MAY 4, 2023

Hopping on Ask The Compound (formally known as Portfolio Rescue) with Ben and Duncan at 1:30pm ET! Tune in as we discuss loan prepayments, bear market exhaustion, spending v saving, and more! Submit your questions to askthecompoundshow@gmail.com for a chance to be featured! Listen here: Apple podcasts Spotify podcasts. The post Is the Bear Market Over?

Marketing 200

Marketing Marketing Portfolio 200

Abnormal Returns

APRIL 30, 2023

Markets How today's market leaders differ from past generations. (tker.co) Updated performance figures for S&P Dow Jones Indices for April 2023. (on.spdji.com) Strategy Why copying great investors, like Buffett and Munger, usually doesn't work. (whatsimportant.substack.com) Some all-time great quotes from the Berkshire Hathaway ($BRK.A) annual meeting.

Financial Advising 222

Financial Advising Wealth Management Economy Economics 222

Nerd's Eye View

MAY 4, 2023

One of the biggest challenges faced by solo financial advisory firm owners as their firms grow and encounter capacity issues is deciding whether (and when) to hire an employee. While hiring staff members can offer a helpful lift in reducing capacity constraints for the firm owner, it also comes with its own burdens such as managing, training, and supervising employees, which many firm owners may have never considered when first launching their firms.

Clients 169

Clients Communication Management 169

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

Assets 338

Assets Wealth Management Valuation Investing 338

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

Financial Planning

Calculated Risk

MAY 5, 2023

The headline jobs number in the April employment report was above expectations, however employment for the previous two months was revised down by 149,000, combined. The participation rate and employment population ratio were unchanged, and the unemployment rate decreased to 3.4%. This is the lowest unemployment rate since 1969 (over 50 years ago), and the unemployment rate hasn't been lower since 1953!

Economics 144

Economics Numbers Manufacturing 144

Abnormal Returns

MAY 3, 2023

Podcasts Christine Benz and Jeff Ptak talk with Jonathan Clements editor of the new book "My Money Journey." (morningstar.com) Andrew Stotz talks with NIck Maggiulli about his worst investment mistake. (myworstinvestmentever.com) Morgan Housel on how money impacts your family. (open.spotify.com) Home ownership Tapping your home equity is harder than it looks.

Financial Planner 220

Financial Planner Retirement Financial Planning Investing 220

Wealth Management

MAY 5, 2023

Cushman & Wakefield named Michelle Mackay as its new CEO and also announced the passing of John C. Cushman, III. Bisnow examined the “weird” real estate holdings of the British royal family. These are among the must reads from around the real estate investment world to end the week.

Investing 122

Investing Investments 122

The Big Picture

MAY 1, 2023

I have been a reader of Jamie Catherwood’s Investor Amnesia since it launched. It is always filled with interesting reminders from the past. Investor Amnesia is a wonderful reminder that we tend to forget that which came before. Ray Dalio put it even more starkly, noting that nothing is truly unprecedented , and we tend to use that word to refer to those things we have not experienced in our lifetimes.

Financial Market 321

Financial Market Marketing Marketing Investing 321

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Generative AI (Artificial Intelligence) is poised to revolutionize the world of business lending. By understanding the impact and possibilities of Generative AI in business lending, banks can stay ahead of the curve and make informed decisions. Generative AI has the potential to revolutionize how lenders make credit decisions, automate loan processes, and provide personalized customer experiences.

Banking

Calculated Risk

MAY 4, 2023

The Census Bureau and the Bureau of Economic Analysis reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $64.2 billion in March, down $6.4 billion from $70.6 billion in February, revised. March exports were $256.2 billion, $5.3 billion more than February exports. March imports were $320.4 billion, $1.1 billion less than February imports. emphasis added Click on graph for larger image.

Economics 144

Economics 144

Abnormal Returns

MAY 1, 2023

Markets How major asset classes performed in April 2023. (capitalspectator.com) The Nasdaq 100 has outpaced the Russell 2000 by over 20% in 2023. (twitter.com) Crypto Gary Gensler's SEC has been busy. (investmentnews.com) Bitcoin transaction volume is on the rise. (blockworks.co) Banks JP Morgan Chase ($JPM) is now the owner of First Republic. (cnbc.com) The banking industry's 'crisis phase' may be over for now.

Financial Advising 205

Financial Advising Banking Assets Portfolio 205

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.

Clients 130

Clients Marketing Marketing 130

The Big Picture

MAY 1, 2023

My back-to-work morning train WFH reads: • The Fed Has No Good Options. The Risk of a Misstep Is Growing. The Federal Reserve is struggling to cool inflation further without damaging the economy. The easy part is over. ( Barron’s ) • The Bear Market’s Survivors Share Their Biggest Lessons : With the S&P 500 in the longest bear market since 1973, individual investors maneuver differently from just months ago. ( Wall Street Journal ) • How Druckenmiller Does It: He Hates To Lose : Drucke

Math 288

Math License Economy Economics 288

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

Management

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

Economy 144

Economy Numbers Marketing Marketing 144

Abnormal Returns

MAY 5, 2023

The biz Why Spotify ($SPOT) is remaking its podcast business (variety.com) YouTube Music now offers podcasts. (engadget.com) A list of the most impactful investing podcasts. (lowecom.com) What does 'The Joe Rogan AI Experience' sound like? (theverge.com) Business Patrick O'Shaughnessy talks with Jeremy Levine, Kent Bennett, and Brian Feinstein who are partners at Bessemer Venture Partners.

Marketing 196

Marketing Marketing Investing Investments 196

Wealth Management

MAY 2, 2023

Real estate debt funds are targeting all types of strategies, but are becoming particularly active on construction financing, an area where the pullback from banks has been more severe.

Banking 115

Banking 115