Sat.Mar 09, 2024 - Fri.Mar 15, 2024

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U.S. population distribution, 1975-2050

The Big Picture

We sometimes say “Demographics is Destiny,” but that’s abstract. To get a visual sense of what that looks like, see the above chart (via Blackrock ) showing the distribution of various age groups from 2075 to 2050. Note bars in Red are not in the workforce. The post U.S. population distribution, 1975-2050 appeared first on The Big Picture.

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Wednesday links: a good process

Abnormal Returns

Crypto Travis Kling, "The evidence for the rise of Financial Nihilism is all around us." (epsilontheory.com) How much is Bitcoin worth? Nobody really knows. (wired.com) The spot Bitcoin ETF fee war is here. (etf.com) Finance Why Evercore ($EVR) is outperforming other investment banks. (on.ft.com) There is still a lot of uncertainty around office building valuations.

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How Advisors Can Get Client Referrals Identifying “Active Promoters”

Nerd's Eye View

Referrals can play a vital role in the growth of financial advisory firms since finding prospective clients via referral requires virtually no hard-dollar costs, and it takes only a fraction of the time needed for other marketing channels like social media, blogging, and seminars. However, finding reliable sources of referrals can sometimes be challenging for advisors: Centers of Influence (COIs) like accountants and attorneys may not be as attuned to the advisor's services as the advisor's clie

Clients 228
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4 Moves You Can Make with Your Old 401(k)

Carson Wealth

By Matt Kory, Vice President, Retirement Programs Changing careers is an emotional move – there’s excitement for the new opportunity, sadness about leaving your favorite coworkers behind, depression if you weren’t ready to leave, worry about how to financially bridge the unemployment gap and anticipation of the new career all at once. Take a breath, you can take some time to understand your options.

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Live Demo: How to Achieve Reconciliation Zen

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

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

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At the Money: How To Know When The Fed Will Cut

The Big Picture

At the Money: How To Know When The Fed Will Cut with Jim Bianco (March 13, 2024) Markets have been waiting for the Federal Reserve to begin cutting rates for over a year. What data should investors be following for insight into when they will begin? Jim Bianco discusses initial unemployment claims data and wage gain to identify when the Fed will start lowering rates.

Numbers 280

More Trending

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How Advisors Can Get Client Referrals By Identifying “Active Promoters”

Nerd's Eye View

Referrals can play a vital role in the growth of financial advisory firms since finding prospective clients via referral requires virtually no hard-dollar costs, and it takes only a fraction of the time needed for other marketing channels like social media, blogging, and seminars. However, finding reliable sources of referrals can sometimes be challenging for advisors: Centers of Influence (COIs) like accountants and attorneys may not be as attuned to the advisor's services as the advisor's clie

Clients 221
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20 Lessons From 20 Years of Managing Money

A Wealth of Common Sense

I entered the workforce in 2005. That means I’ve been working in the investment business for 20 years now. The longer I’m in the money management business the more there is to learn but these are some of the things I’ve learned thus far: 1. Experiences shape your perception of risk. Your ability and need to take risk should be based on your stage in life, time horizon, financial circumstances and goals.

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Retail Sales Rebound in February

Advisor Perspectives

The Census Bureau's Advance Retail Sales Report for February revealed a 0.6% rebound in headline sales from January, the largest monthly rise in consumer spending since September. The latest increase, however, was lower than the anticipated 0.8% monthly growth.

Retail 119
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Tuesday links: a too short time horizon

Abnormal Returns

Markets Are the Magnificent Seven all that overvalued? (morningstar.com) Has Nvidia ($NVDA) earned it valuation? (theirrelevantinvestor.com) Crypto Why this crypto rally is different. (ofdollarsanddata.com) Wall Street is all-in on Bitcoin. (ft.com) Grayscale is cloning its spot Bitcoin ETF with the Grayscale Bitcoin Mini Trust ($BTC) is coming. (wealthmanagement.com) Companies Why Reddit isn't allocating too much of its IPO to power users.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

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Why Moving To A Lower-Tax State Doesn’t Always Result In Lower State Taxes On Deferred Income

Nerd's Eye View

Most of the time, people are subject to state taxes in the states where they live and/or earn their income. So when moving to a lower-tax state or another, their income tax burden likewise shifts to the new state along with them. Which is, for example, why so many people opt to move to lower-tax or no-tax states like Florida or Texas in retirement, where they can enjoy lower state income taxes and preserve more of their retirement savings for use by themselves or their heirs.

Taxes 197
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Inflation at the Grocery Store

A Wealth of Common Sense

There are two types of inflation rates that matter. Economists and market observers care about the government reported data — CPI, core PCE, ex-shelter, whatever your preferred method is. Everyday Americans only care about two price points — gas and grocery store prices. Why is this the case? These are the prices you experience on a regular basis.

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Breaking Bad Momentum Trends

Alpha Architect

In their two papers, Goulding, Harvey, and Mazzoleni showed that observed market corrections and rebounds carry predictive information about subsequent returns and showed how that information could be utilized to enhance the performance of trend-following strategies by dynamically blending slow and fast momentum strategies based on four-state cycle-conditional information.

Marketing 121
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Thursday links: infinite patience

Abnormal Returns

Crypto How Grayscale nabbed the coveted $BTC ticker. (axios.com) Clients are asking advisers about crypto. (wsj.com) Finance Swearing on company conference calls is on the rise. (ft.com) ARMs are no longer a bargain. (wsj.com) Media Hollywood is rethinking the value of mergers. (hollywoodreporter.com) Derek Thompson talks with Lucas Shaw about the end of the franchise formula.

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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

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.

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#FA Success Ep 376: Accelerating Growth To 30 Clients/Month With Affordable Advice(-Only) Services Where Clients Can Keep Control, With Eric Simonson

Nerd's Eye View

Welcome back to the 376th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Eric Simonson. Eric is the Founder & CEO of Abundo Wealth, an Advice-Only RIA based in Minneapolis, Minnesota, that oversees $600M in assets under advisement for 420 client households. What's unique about Eric, though, is that Abundo has grown its base of 420 clients, and is on pace for well over $1M of revenue in 2024, despite having launched barely 4 years ago… with an "advice-

Clients 130
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Part 2: Current State of the Housing Market; Overview for mid-March 2024

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Part 2: Current State of the Housing Market; Overview for mid-March 2024 A brief excerpt: Yesterday, in Part 1: Current State of the Housing Market; Overview for mid-March 2024 I reviewed home inventory, housing starts and sales. In Part 2, I will look at house prices, mortgage rates, rents and more - and review the house price outlook for 2024.

Marketing 117
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Getting into the Game: How Private Equity Funds Have Jumped into Professional Sports

Wealth Management

Rising valuations and growing opportunities for media rights and sponsorships make professional sports teams an attractive bet. However, data on how these investments will work in the long term remains scarce.

Valuation 116
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Adviser links: assuming future returns

Abnormal Returns

Podcasts Zach Conway and Kelsey McKenna talk with Michael Batnick about Ritholtz Wealth's discuss leading with culture, effective hiring strategies, and building a strong foundation for your business. (youtube.com) Brendan Frazier on the benefit to shifting from “Advisor-Driven” to “Client-Inspired” advice. (wiredplanning.com) Jonathan Fields talks with Ashton Applewhite, author of "This Chair Rocks: A Manifesto Against Ageism.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

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.

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Inflation is Still in a Downtrend

Discipline Funds

Tuesday’s CPI report came in a touch hotter than expected at 3.2% on the headline and 3.8% on the core. Analysts were looking for 3.1% and 3.7%. Bonds sold off on the news as investors started to project the likelihood of later rate cuts. Some analysts will say that this is the beginning of a big resurgence in inflation or a sign that disinflation isn’t entrenched, but the early 2024 stickiness in inflation is largely unsurprising and doesn’t change the broader trend here which

Economy 112
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YoY Measures of Inflation: Services, Goods and Shelter

Calculated Risk

Here are a few measures of inflation: The first graph is the one Fed Chair Powell had mentioned when services less rent of shelter was up around 8% year-over-year. This declined and is now up 3.9% YoY (increased recently). Click on graph for larger image. This graph shows the YoY price change for Services and Services less rent of shelter through February 2024.

Food 117
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Gundlach: The Radical Change Coming in the Next Decade

Advisor Perspectives

We are in a “fourth turning,” according to Jeffrey Gundlach, where institutions will be challenged, and profound structural changes will unfold.

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Research links: the smallest argument

Abnormal Returns

Private equity How has private equity performed outside the U.S.? (alphaarchitect.com) On the growing importance of private equity secondary transactions. (linkedin.com) Why do private equity firms allow co-investment? (papers.ssrn.com) Does venture debt still have a future? (papers.ssrn.com) Skewness Investors love to pay up for skewness. (alphaarchitect.com) People (poker players) love skewness.

Retail 237
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Putting the ‘Tech’ in Spend Management Techniques

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!

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Long-Term Recency Bias

A Wealth of Common Sense

Market cycles operate on numerous time horizons. Short-term trends which are often impacted by momentum and emotions. Intermediate-term trends which are more impacted by some combination of flows, themes and fundamentals. And long-term trends which are impacted mainly by fundamentals. The hard part about investing is it’s difficult to know in real-time if you’re experiencing secular or cyclical markets.

Investing 110
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Industrial Production Increased 0.1% in February

Calculated Risk

From the Fed: Industrial Production and Capacity Utilization Industrial production edged up 0.1 percent in February after declining 0.5 percent in January. In February, the output of manufacturing rose 0.8 percent and the index for mining climbed 2.2 percent. Both gains partly reflected recoveries from weather-related declines in January. The index for utilities fell 7.5 percent in February because of warmer-than-typical temperatures.

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10 Investment Must Reads This Week

Wealth Management

Private equity funds are facing a massive backlog on exits, according to a new report from Bain & Co. Publicly listed REITs are trading at a 15% discount to their consensus NAVs, based on S&P Global Market Intelligence data. These are among the investment must reads we found this week for wealth advisors.

Investing 109
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Longform links: false empowerment

Abnormal Returns

Books An excerpt from Abigail Shrier’s new book, “Bad Therapy: Why the Kids Aren’t Growing Up.” (wsj.com) An excerpt from "The Human Disease: How We Create Pandemics, From Our Bodies to Our Beliefs" by Sabrina Sholts. (smithsonianmag.com) An excerpt from "Supercommunicators: How to Unlock the Secret Language of Connection" by Charles Duhigg. (behavioralscientist.org) American Flannel An excerpt from "American Flannel: How a Band of Entrepreneurs Are Bringing the Art and Business of Making Clothe

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Transforming Lending: Understanding the Power of Digital Platforms

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.

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S&P 500 Snapshot: Second Straight Weekly Loss

Advisor Perspectives

The S&P 500 fell 0.7% on Friday which led to a weekly loss of 0.1%. The index has declined for two straight weeks for the first time since October. With that said, t he index is currently up 7.89% year to date and has set a new record closing high 17 times so far this year.

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Are Index Funds Breaking the Stock Market?

The Irrelevant Investor

I haven’t written about index funds in a long time because, honestly, what’s left to say anymore? Not only has the topic been thoroughly dissected, but I also think there are far more important items when it comes to investing that will determine whether or not you achieve your financial goals. Like making sure your spending and saving. are where they need to be.

Marketing 107
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The WealthStack Podcast: Going From Wealth Advisor to Wealth Coach With Urs Bolt

Wealth Management

Advisors are increasingly relying on technology to become more efficient and streamline operations. Urs Bolt details what's driving this shift.