Nerd's Eye View

AUGUST 21, 2023

Many financial advisors start their own firm because of an entrepreneurial itch, a desire to work with a specific type of client, or perhaps because they want to have more control over their work life. But typically, the opportunity to create and implement a marketing strategy is not one of these reasons. In fact, data from the latest Kitces Research study, How Financial Planners Actually Market Their Services, shows that many advisors find marketing to be difficult and not very effective.

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Marketing Marketing Financial Planner Clients 206

The Big Picture

AUGUST 25, 2023

The first post-pandemic presentation I pulled together for my pal Joe Fitzgerald (we worked together in the late 2000s) was a new deck titled: Biggest Mistakes Made by UHNW Investors. In the intervening year, I updated and refined the deck, adding more examples and specific advice. below is my discussion of what the presentation will be like at the MoneyShow in Orlando on October 30.

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Wealth Management Economics Assets Management 246

The Reformed Broker

AUGUST 21, 2023

The Relative Strength Index or RSI is typically expressed as a 14-day reading to determine the degree to which a stock or an index is overbought or oversold, if at all. It was created in 1978 by J. Welles Wilder Jr. (here’s the book) who was a mechanical engineer by trade before turning his mathematical mind to stock and commodity trading, subsequently developing some of the most widely traded tools in technical ana.

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Engineering 246

Abnormal Returns

AUGUST 21, 2023

Asset allocation Asset allocation is not a science. (obliviousinvestor.com) Diversification reduces the risk of adverse outcomes. (barrons.com) Strategy Everyone and everything ends up underperforming at some point. (awealthofcommonsense.com) Brett Steenbarger, "Over time, unique returns cannot come from consensus thinking." (traderfeed.blogspot.com) Companies Public benefit corporations wear their values on their sleeves.

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Asset Allocation Financial Advising Media Assets 236

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

AUGUST 23, 2023

Charitable Gift Annuities (CGAs) have long been a popular way for individuals with charitable intentions to plan their legacies. By contributing a lump sum to a charity in exchange for fixed recurring payments for life (with any leftover funds after the donor's death going to the charity), the individual can ensure that their funds are directed towards a purpose that aligns with their values, while also retaining a steady source of income for the rest of their life.

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Taxes Retirement Clients Estate Planning 226

The Reformed Broker

AUGUST 25, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Guy Spier, and Downtown Josh Brown discuss lunch with Warren Buffett, value investing, managing a hedge fund, Berkshire after Buffett, the bull case for Ferrari, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

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Management Investing Investments Marketing 237

Abnormal Returns

AUGUST 23, 2023

Real estate A house is a place to live, not an investment. (bestinterest.blog) Baby Boomer wealth is concentrated in real estate which they will leave to their children. (awealthofcommonsense.com) A mortgage is only one of many costs of home ownership. (thomaskopelman.com) What it's like to return to apartment living after owning a house. (dwell.com) Another example of the challenges of rental real estate.

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Estate Planning Retirement Communication Taxes 228

Nerd's Eye View

AUGUST 24, 2023

For many next-gen financial advisors who start with or move their careers to an established firm, eventually earning an equity stake in that firm can be an exciting prospect and is often a major career goal that many advisors aspire to achieve. However, when these aspirations are delayed or blocked by senior advisory firm partners who choose to delay their retirement plans, it can leave younger advisors frustrated and in a place of uncertainty about their futures with their firm.

Retirement 209

Retirement Planning Retirement Planning Financial Advisor 209

The Big Picture

AUGUST 19, 2023

This week, we speak with legal scholar Cass Sunstein , who founded and leads Harvard Law School’s Program on Behavioral Economics and Public Policy. He has authored numerous books, including the NYT bestseller The World According to Star Wars as well as “ Nudge: Improving Decisions About Health, Wealth and Happiness ” (written with Richard H. Thaler); and “ Noise: A Flaw in Human Judgment ” (written with Danny Kahneman).

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Economics Management Investing Investments 246

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Banking

The Reformed Broker

AUGUST 22, 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: ►Tech Stock Roundup – Nvidia goes into earnings as the best performing stock this year, plus 221%. ►Beats Get Smoked – “The reward for EPS beats has been close to 10Y lows.” ►Musk’s Shado.

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Investing Investments Marketing Marketing 130

Abnormal Returns

AUGUST 24, 2023

Rates It's hard to overstate the sea change that has occurred with interest rates. (theirrelevantinvestor.com) Higher real rates are to blame for the rise in interest rates. (wsj.com) The yield curve has flattened a little bit, but remains highly inverted. (axios.com) Finance Multi-strategy hedge funds continue to take mind (and wallet) share. (ft.com) Higher interest rates continue to drag down smaller banks.

Financial Advising 221

Financial Advising Economy Media Banking 221

Nerd's Eye View

AUGUST 25, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent CFP Board survey indicates that consumers do not expect AI tools to replace human financial advisors, but rather supplement advisors' work. Further, 87% of respondents said they would trust advice from human advisors, more than any other source of advice surveyed, and well above the 37% who said they trust generative AI tools.

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Financial Planner Retirement Retirement Planning Advertising 200

Wealth Management

AUGUST 25, 2023

In other RIA news, Wealthspire expanded into Denver, Hightower supported the acquisition of Trellis Advisors by partner firm Highland Private Wealth, and Apollon, Kestra PWS and Steward onboarded new advisors.

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Assets 98

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

AUGUST 22, 2023

Final Trades: NextEra Energy, Stryker & Zimmer Holdings from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Abnormal Returns

AUGUST 22, 2023

Markets The stock market is laser focused on interest rates. (theirrelevantinvestor.com) Do market valuations mean revert over time? (thediff.co) Why there's never a shortage of pundits willing to make a big market call. (wsj.com) Finance A look at recent Blackstone ($BX) fund performance. (morningstar.com) Retail investors love trading Nvidia ($NVDA) options.

Financial Advising 208

Financial Advising Valuation Retail Media 208

Nerd's Eye View

AUGUST 22, 2023

Welcome back to the 347th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Cary Carbonaro. Cary is the Senior Vice President & Director of Women and Wealth Services for Advisor Capital Management, an independent RIA with offices around the country and headquartered in Charlotte, North Carolina, that oversees more than $6 billion in assets under management for 1,700 client families.

Financial Advisor 177

Financial Advisor Media Sales Clients 177

NAIFA Advisor Today

AUGUST 24, 2023

Three best-in-class associations will integrate operations to amplify their impact on advocacy and education for financial service professionals and promote financial wellness for American consumers. The National Association of Insurance and Financial Advisors (NAIFA), the Society of Financial Service Professionals (FSP), and Life Happens announced plans to come together as one organization, pending membership approval.

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Financial Services Education Insurance Financial Advisor 98

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

The Reformed Broker

AUGUST 24, 2023

Final Trades: Cheniere Energy, B&G Foods, & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Food 130

Abnormal Returns

AUGUST 25, 2023

The biz What some podcasting industry leaders have to say about its future. (hollywoodreporter.com) Matt Reustle and Dom Cooke on how to start a podcast the right way. (joincolossus.com) What do podcast producers do? (fastcompany.com) Spotify Spotify ($SPOT) has a white noise problem. (engadget.com) Why Anchor sold to Spotify ($SPOT) when it did. (hunterwalk.com) Marginal Revolution David Perell talks with Tyler Cowen and Alex Tabarrok about their twenty years writing the Marginal Revolution blo

Investing 206

Investing Investments 206

Wealth Management

AUGUST 24, 2023

Now in its fourth year, the virtual advisor technology conference AdviceTech.Live is run by Asset-Map, features 10-minute presentations from 20 companies and will be free to attend for the first time.

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Assets 98

Calculated Risk

AUGUST 25, 2023

From STR: U.S. hotel results for week ending 19 August Following seasonal patterns, U.S. hotel performance declined from the previous week but showed most positive comparisons year over year, according to CoStar’s latest data through 19 August. 13-19 August 2023 (percentage change from comparable week in 2022): • Occupancy: 67.0% (-0.1%) • Average daily rate (ADR): US$154.10 (+1.8%) • Revenue per available room (RevPAR): US$103.22 (+1.8%) emphasis added The following graph shows the seasonal pat

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Accounting

Advisor Perspectives

AUGUST 25, 2023

The S&P 500 see-sawed the entire week but finished the week in the green. The index rose 0.82% from last Friday, ending a 3-week streak of losses. The index is currently up 15.21% year to date and is 8.15% below its record close from January 3, 2022.

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Abnormal Returns

AUGUST 20, 2023

Strategy How to think about the bond sleeve of your portfolio. (fortunesandfrictions.com) The rise in interest rates is taking its toll on muni bond closed-end funds. (wealthmanagement.com) Finance Higher real yields are going to impact all manner of sectors. (mrzepczynski.blogspot.com) There's no insurance without reinsurance. (nytimes.com) Policy Kyla Scanlon, "Money can do a lot of things, but the laws of physics and biology supersede the almighty Dollar.

Financial Advising 198

Financial Advising Insurance Media Retirement 198

Wealth Management

AUGUST 24, 2023

The AIA/Deltek Architecture Billings Index reported stable conditions for July of this year. WeWork has been assembling a team of consultants, including lawyers and real estate advisors, to avoid bankruptcy, reported Bisnow. These are among today’s must reads from around the commercial real estate industry.

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Consulting 98

Calculated Risk

AUGUST 25, 2023

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Due to changes at the CDC, weekly cases are no longer updated. After the first few weeks, the pandemic low for weekly deaths had been the week of July 7, 2021, at 1,690 deaths (until recently). Recently hospitalizations have almost doubled from a low of 5,150. COVID Metrics Now Week Ago Goal Hospitalized 2 ?

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Numbers 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

AUGUST 20, 2023

Fundamental Analysis of Balkrishna Industries: MRF share has reached dizzying heights crossing the Rs 1,00,000 mark making it difficult for retail investors to include it in their diversified portfolios. But did you know, the stock of Balkrishna Industries (another leading Indian tyre manufacturer) sells for Rs 2,500 only? And the company is as big as MRF.

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Planning Manufacturing Sales Accounting 98

Abnormal Returns

AUGUST 23, 2023

Strategy Better investing comes from better decision making. (ritholtz.com) Quant strategies are not free from human input. (blog.validea.com) The only way to learn about investing is actually putting money on the line. (flyoverstocks.com) Expertise does not shield you from failure. (portfoliocharts.com) Finance Zero-day options are coming to Europe.

Communication 193

Communication Financial Advising Media Economy 193

Wealth Management

AUGUST 24, 2023

If RIA leaders can redirect their focus towards cultivating and maintaining a corporate culture that focuses on systematic issue resolution as opposed to mere crisis containment the prospect of emerging successfully from challenging circumstances becomes more promising.

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