Nerd's Eye View

JULY 26, 2023

Financial plans play an important role for both clients and advisors, as they not only help clients gain a clear perspective of their current financial position, but also provide advisors with a systematic way to organize their analyses and communicate their recommendations to the client. However, there is no standard style of what is included in these plans, and as financial planning software has gotten more sophisticated and capable over time, "The Plan" has gotten longer and longer with addit

Financial Planning 208

Financial Planning Planning Clients Financial Advisor 208

The Big Picture

JULY 26, 2023

One of the more foolish arguments 1 that seem to be emanating from the Fed about their intention to raise rates another quarter point today: The 2% inflation target that has been in place pretty much the entire post-financial crisis era. There is no empirical evidence showing 2% is the optimal long-run inflation target, given the Fed’s dual mandate of price stability and maximum employment.

Economy 246

Economy Economics Numbers Banking 246

The Reformed Broker

JULY 24, 2023

The downloads for this episode as an audio podcast are among the fastest we’ve ever seen, with over 30,000 listens in the first couple of days and counting. This will go over 45,000 by week’s end. The YouTube video is on pace to do a similar number. Combine the two and you’re talking about one of the biggest audiences in finance for a podcast episode.

Numbers 246

Numbers 246

Abnormal Returns

JULY 23, 2023

Markets Sam Ro, "I think we sometimes take for granted how much the frictions and costs have come down for those seeking to trade or invest in stocks." (tker.co) Has sentiment already peaked? (allstarcharts.com) Strategy Cullen Roche, "Insurance is designed to provide you with short-term certainty around an uncertain outlier event. And when cash is yielding a high real return I think you can argue that cash is the ultimate portfolio insurance.

Financial Advising 221

Financial Advising Insurance Economy Retail 221

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

Nerd's Eye View

JULY 25, 2023

Welcome back to the 343rd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Rita Robbins. Rita is the Founder and President of Affiliated Advisors, a Super-OSJ with Royal Alliance that provides support to 90 financial advisors and collectively oversees $3.5 billion in assets under advisement. What's unique about Rita, though, is how as the founder of one of the first woman-owned Super-OSJs nearly 30 years ago, she has witnessed first-hand the evolution of the Supe

Financial Advisor 242

Financial Advisor Compliance Recruitment Insurance 242

The Reformed Broker

JULY 28, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, JC Parets, and Downtown Josh Brown discuss value vs growth, JC’s favorite charts right now, volatility strategies, US homeowner equity, a strategist short squeeze, Lionel Messi in Miami, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Marketing 130

Marketing Marketing 130

Abnormal Returns

JULY 25, 2023

AI How to identify those companies that will benefit from AI adoption. (sparklinecapital.com) Why asset managers need their own AI sandboxes. (institutionalinvestor.com) Analysts How the work environment affects sell-side analyst performance. (papers.ssrn.com) Analysts do better forecasting the earnings of female-led companies. (alphaarchitect.com) Skew There's nothing magical about positive skew.

Startup 207

Startup Valuation Taxes Accounting 207

Nerd's Eye View

JULY 28, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that RIAs appear to be building more comprehensive and more integrated tech stacks, and are benefiting from greater operational efficiencies, according to the latest Schwab RIA Benchmarking Study, with larger firms seeing gains in clients and AUM per professional and a reduction in annual hours spent per client for operations and administration in the past 3 y

Financial Planner 219

Financial Planner Financial Advisor Retirement Planning Financial Advice 219

The Big Picture

JULY 27, 2023

My morning train reads: • Commercial Real Estate Is in Trouble, but Not for the Reason You Think : As far as weak spots go, there are reasons for concern. Offices comprise 80% of new delinquencies in commercial real estate loans, and occupancy rates in major cities consistently hover around 50% of capacity. But the towers we once commuted to comprise just a tiny fraction of the overall commercial real estate market.

Food 243

Food Economy Banking Numbers 243

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Banking

The Reformed Broker

JULY 27, 2023

Bernstein raises Apple’s price target to $195 from CNBC Watch CNBC’s investment committee discuss Meta’s earnings call from CNBC Threads is not the reason why Meta’s stock is up, Ritholtz’s Josh Brown from CNBC Final Trades: GM, Charter, Live Nation & more from CNBC

Investing 130

Investing Investments 130

Abnormal Returns

JULY 27, 2023

Rates The Fed funds rate is at its highest level in 22 years. (nytimes.com) U.S. consumers are less exposed to higher interest rates than they used to be. (wsj.com) QQQ What do you get when you run a regression on the returns of the Invesco QQQ Trust ($QQQ)? (alphaarchitect.com) What you need to know about the rebalance of the Invesco QQQ Trust ($QQQ).

Financial Advising 203

Financial Advising Media Economy Banking 203

Nerd's Eye View

JULY 24, 2023

As a financial advisor, there are many potential sources of advice on running a practice and serving clients, from fellow advisors to coaches to academic researchers and others. Sometimes, it can be tempting to rely solely on the advice of those with an ‘in-the-trenches’ perspective, as these individuals have actually lived out a similar experience and can appreciate some of the nuanced challenges that an industry outsider might not.

Management 218

Management Financial Advisor Clients Planning 218

The Big Picture

JULY 28, 2023

My end-of-week morning train WFH reads: • A Textbook Non-Recessionary Bear Market : I don’t think the bear market was an overreaction either considering the changes we saw to inflation and interest rates. Plus we had such a large run-up in prices in 2020 and 2021 that it was good for knocking down the speculation that was running rampant.

Assets 130

Assets Economy Insurance Economics 130

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

Trade Brains

JULY 27, 2023

Jindal Steel & Power vs Jindal Stainless: The shares of various steel companies rallied in the financial year 2020-21 as they announced record earnings because of volume growth and margin expansion. The steel stocks are in focus again with many companies giving multi-bagger returns to their shareholders. Are you eying any steel stock? How about the two Jindal companies?

Planning 98

Planning Manufacturing Accounting Portfolio 98

Abnormal Returns

JULY 27, 2023

Books An excerpt from "Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud" by Ben McKenzie and Jacob Silverman. (rollingstone.com) An excerpt from "Wasteland: The Secret World of Waste and the Urgent Search for a Cleaner Future" by Oliver Franklin-Wallis (gq.com) An excerpt from “Programmable Planet: The Synthetic Biology Revolution” by Ted Danton.

Startup 195

Startup Media Investing Investments 195

Nerd's Eye View

JULY 27, 2023

While many financial advisory firm owners have long-term goals that involve building a career based in a profitable and sustainable advisory firm, there are some firm owners who develop their firm as a means to explore and pursue other business endeavors. These firm owners may opt to take a backseat role in running the firm, yet must still entrust client relationships and firm management to their advisors and support team.

Clients 179

Clients Communication Management Business Planning 179

The Big Picture

JULY 27, 2023

 Last week, in anticipation of the FOMC meeting, I hopped into the shed with Pete Dominick, and as always, we BS about everything, from inflation to the Federal Reserve, AI, bad models, and my hacked Twitter account. Favorite quote: “ At least the Ramora fish clean the parasites from the shark …” iTunes , YouTube , Patreon , Twitter , The post SUPD: Elon Musk, AI, Bad Models & Housing appeared first on The Big Picture.

Accounting 130

Accounting 130

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

Wealth Management

JULY 28, 2023

Following the announcement of its acquisition of Crown Capital Securities, LPL said it added $19 billion in recruited assets and 421 net new advisors during the second quarter.

Recruitment 98

Recruitment Assets 98

Abnormal Returns

JULY 26, 2023

Podcasts Doug Boneparth and Morgan Housel talk decision making with Cass Sunstein. (youtube.com) Christine Benz and Jeff Ptak talk with Joel Dickson of Vanguard about the state of retirement saving in America. (morningstar.com) Ten personal finance podcasts to check out including 'All the Hacks.' (money.usnews.com) Investing J.D. Roth, "Too many people try to overcomplicate investing.

Fiduciary Duty 190

Fiduciary Duty Retirement Financial Advisor Economy 190

Advisor Perspectives

JULY 26, 2023

Wealth managers must understand their clients' online behavior. Though we know them in some ways, we cannot assume their online behavior mimics what we know about them from past interactions.

Economy 98

Economy Wealth Management Clients Management 98

The Big Picture

JULY 26, 2023

My mid-week morning train WFH reads: • Birth, Death, and Wealth Creation : Investors seeking to generate excess returns can benefit from understanding the demographics of public companies and their patterns of wealth creation: 60% percent of the stocks of U.S. public companies failed to earn returns in excess of Treasury bills; only 2% created more than 90% of the aggregate wealth.

Media 130

Media Clients Management Economy 130

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Accounting

Wealth Management

JULY 28, 2023

Wealth management is still a growth industry. We’ll never have enough advisors to serve every potential client. So when organic growth hits a wall, it’s exciting to watch the industry’s hungriest, most inventive leaders find a way over it. Instead of hunkering down, they’re busy seizing new opportunities. Here’s how to do the same.

Wealth Management 98

Wealth Management Clients Management 98

Abnormal Returns

JULY 24, 2023

Podcasts Stephen Clapham talks with Beth Lilly about value investing and managing a family office. (behindthebalancesheet.com) Brendan Frazier talks with Michael Thomas about the power of data visualization to affect client behavior. (wiredplanning.com) Jonathan Hollow talks with Brian Portnoy about pursuing a meaningful life. (podcasts.apple.com) Q&As A Q&A with Larry Swedroe about valuations and private credit.

Valuation 187

Valuation Communication Financial Planning Management 187

Calculated Risk

JULY 27, 2023

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from Danielle Hale: Weekly Housing Trends View — Data Week Ending July 22, 2023 • Active inventory declined, with for-sale homes lagging behind year ago levels by 8%. This week marks a 5th consecutive annual decline in the number of homes actively available for sale. • New listings–a measure of sellers putting homes up for sale–were down again this week, by 18% from one year ago.

Sales 98

Sales Numbers Marketing Marketing 98

Advisor Perspectives

JULY 25, 2023

Investors should consider diversifying their credit exposure with asset-backed lending strategies, which offer a fixed income allocation, a potential inflation hedge, and downside protection with collateralized assets.

Assets 98

Assets 98

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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.

Banking

Trade Brains

JULY 28, 2023

Best Low PE Penny Stocks : Most of the time investors are in search of the best stocks to earn multi-bagger returns with lower risk. One of the best ways to achieve it is through buying penny stocks. But, as a cautious investor, it is essential to secure the capital downside also with proper research and analysis. In this article, let us explore a few of the best low PE Penny Stocks in India to earn good returns.

Manufacturing 97

Manufacturing Sales Financial Services Investing 97

Abnormal Returns

JULY 28, 2023

Markets More signs that the U.S. stock market is overbought. (capitalspectator.com) The Series I savings bond frenzy is over. (bloomberg.com) Individual investors have a lot of advantages over professional investors. (awealthofcommonsense.com) Big Tech All things considered, Meta ($META) and Google ($GOOGL) dominate online ad spending. (marketwatch.com) How Amazon ($AMZN) is targeting AI.

Financial Advising 175

Financial Advising Startup Valuation Media 175

Calculated Risk

JULY 26, 2023

Today, in the Calculated Risk Real Estate Newsletter: New Home Sales decrease to 697,000 Annual Rate in June Brief excerpt: And on prices, from the Census Bureau : The median sales price of new houses sold in June 2023 was $415,400. The average sales price was $494,700. The following graph shows the median and average new home prices. The average price in June 2023 was $494,700 up 5% year-over-year.

Sales 98

Sales 98