Nerd's Eye View

FEBRUARY 7, 2024

The need for financial professionals to ask prospects and clients questions has a long history in the industry. In earlier days, questions simply facilitated the process of gathering information in order to open accounts and recommend the appropriate products to be sold. However, as the industry evolved from being primarily transaction-based to relationship-based, it has become increasingly important for advicers to become less sales-oriented and more focused on how they can better develop deep,

Clients 228

Clients Communication Financial Planning Retirement 228

Abnormal Returns

FEBRUARY 4, 2024

Top clicks this week Josh Brown, "Just please, no matter what you do, don’t say the G word. Never say it." (downtownjoshbrown.com) Should you invest in stocks when they are at all-time highs? (ofdollarsanddata.com) Why the vast majority of investors should avoid alternatives. (humbledollar.com) Are you doing these seven things that represent 'real financial planning'?

Financial Planning 286

Financial Planning Accounting Portfolio Assets 286

The Big Picture

FEBRUARY 8, 2024

 This week, we speak with David Einhorn. president of Greenlight Capital. He launched the value-oriented in 1996. Since inception, Greenlight has generated about 13% annually, and ~290o% total return versus the S&P500’s 1117% total and 9.5% annual returns. He famously shorted Allied Capital in the 2ooos and Lehman Brothers about a year before it collapsed into bankruptcy in 2008.

Banking 200

Banking Investing Investments Marketing 200

A Wealth of Common Sense

FEBRUARY 4, 2024

Coming out of the Great Financial Crisis there was this running narrative that the United States economy was the cleanest dirty shirt in the laundry hamper. Yes, our economic recovery was tepid but the rest of the world was a mess. The European Union was falling apart. Emerging markets were in disarray. China seemed like it wanted to put up a fight for our economic seat on the throne but never made a serious attempt to di.

Economics 141

Economics Economy Marketing Marketing 141

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

Management

Nerd's Eye View

FEBRUARY 9, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent survey sponsored by CFP Board demonstrates the upsides of a career in financial planning, from a median salary of nearly $200,000 to flexible work schedules and a strong sense of purpose among advisors. In addition, related research suggests further opportunities for firms looking to acquire and retain talent, from providing a greater sense of autonomy to bu

Financial Planner 220

Financial Planner Fee Only CFP Commission 220

The Big Picture

FEBRUARY 5, 2024

Back in the bad old days of mainframes, “Time-sharing” was how computing power and database storage were provided to the large corporations that could afford it. Computing was less the purchase of goods than a service. The modern cloud-based era has seen the rise of “Software as a service” (SaaS).1 This approach was based on the idea that it was more cost-effective for the consumer and more efficient (and profitable) for the provider to offer computing operations as services instead of physicall

Retail 195

Retail Economics Distribution Economy 195

A Wealth of Common Sense

FEBRUARY 8, 2024

A reader asks: Investing at all time highs is counterintuitive. Does it produce great returns because the market is forward-looking and investors are momentum investors? It doesn’t seem to make sense to buy just before a long severe bear market. I understand the worry here. All-time highs seem scary because every stock market crash in history started from one.

Marketing 137

Marketing Marketing Investing Investments 137

Nerd's Eye View

FEBRUARY 5, 2024

Welcome to the February 2024 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 financial planning software platform RightCapital has launched a workflow management tool called RightFlows to help advisors manage and assign steps in the financial planning process to team members

Estate Planning 215

Estate Planning Financial Planning Planning Wealth Management 215

Abnormal Returns

FEBRUARY 8, 2024

Books An excerpt from "Read Write Own: Building the Next Era of the Internet" by Chris Dixon. (tim.blog) A Q&A with Chris Dixon author of "Read Write Own: Building the Next Era of the Internet." (semafor.com) David Perell talks with Chris Dixon about writing "Read Write Own: Building the Next Era of the Internet." (open.spotify.com) Business How the FTC allows funeral homes to flout the rules.

Marketing 255

Marketing Marketing 255

Advertisement

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.

Banking

The Big Picture

FEBRUARY 9, 2024

Hey, I am heading up to Boston today for the annual MIT Sloan Investment Conference. Its’ always a fascinating time (I usually depart with some quality swag!). I will be on a panel discussing Macroeconomics with former Fed Economist Claudia Sahm. I am looking forward to meeting Karen Karniol-Tambour, Co-Chief Investment Officer at Bridgewater Associates.

Investing 147

Investing Investments 147

Calculated Risk

FEBRUARY 9, 2024

The BLS reported 353 thousand non-farm jobs were added in January. During the Winter months, I like to look at the weather impact on the report. The BLS reported 553 thousand people were employed in non-agriculture industries, with a job, but not at work due to bad weather. The average for January over the previous 10 years was 257 thousand (median 248 thousand), so more people than normal were impacted by bad weather.

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Nerd's Eye View

FEBRUARY 8, 2024

When a new year comes around it is often customary to set new personal and professional goals. Yet, in the midst of the tradeoffs that come with balancing new goals and their required behaviors, the challenge of creating sensible targets with flexibility and grace can be confounded by the reality of living in a world where uncertainty abounds and complex life situations are difficult (and sometimes even impossible) to map out.

Communication 150

Communication Clients Planning 150

Abnormal Returns

FEBRUARY 5, 2024

Strategy Valuations matter, but using them in your investment process is a challenge. (entrylevel.topdowncharts.com) When does passive investing become a problem for valuing companies? (silverlightinvest.com) Companies Why are companies holding more cash these days? (hbr.org) A look at the tail winds behind the aggregates business. (fortunefinancialadvisors.com) It's hard to believe but Facebook is now 20 years old.

Financial Advising 253

Financial Advising Media Valuation Economy 253

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 Big Picture

FEBRUARY 6, 2024

 The transcript from this week’s, MiB: Tom Hancock, GMO Focused Equity , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is Masters in business with Barry Ritholtz on Bloomberg Radio. 00:00:10 [ Barry Ritholtz ] This week on the podcast, I have an extra special guest.

Valuation 130

Valuation Investing Investments Assets 130

Calculated Risk

FEBRUARY 7, 2024

From Manheim Consulting today: Wholesale Used-Vehicle Prices Flat in January Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were unchanged in January compared to December. The Manheim Used Vehicle Value Index (MUVVI) remained at 204.0 but down 9.2% from a year ago. The index experienced the same 0.0% monthly change from December 2021 to January 2022.

Consulting 125

Consulting Taxes Economics Sales 125

Nerd's Eye View

FEBRUARY 6, 2024

Welcome everyone! Welcome to the 371st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is David Savir. David is the Co-Founder and CEO of Element Pointe Family Office, a Fee-Only RIA based in Miami, Florida that oversees almost $1.6 billion in assets under advisement for 50 client households. What's unique about David, though, is that through his 8 years building Element Pointe and focusing exclusively on high and ultra-high-net-worth clients, he and his partner Ca

Financial Advisor 130

Financial Advisor Clients Fee Only Planning 130

Abnormal Returns

FEBRUARY 8, 2024

Yields At some point, cash will no longer be king. (barrons.com) Does Meta's ($META) dividend initiation imply a new trend? (economist.com) Alternatives KKR ($KKR) says they are making headway selling alts to mass affluent investors. (investmentnews.com) What does the research say about private equity performance? (morningstar.com) Companies Looking back at 20 years of Facebook.

Financial Advising 240

Financial Advising Marketing Marketing Media 240

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

FEBRUARY 6, 2024

Morningstar profiled the 15 funds that have destroyed the most wealth over the past 10 years. Investors who lost money on a deal are trying to shut down a real estate crowdfunding site. These are among the investment must reads we found this week for wealth advisors.

Investing 111

Investing Investments Wealth Advisor 111

Calculated Risk

FEBRUARY 7, 2024

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 2, 2024. The Market Composite Index, a measure of mortgage loan application volume, increased 3.7 percent on a seasonally adjusted basis from one week earlier.

Marketing 123

Marketing Marketing 123

Advisor Perspectives

FEBRUARY 6, 2024

As advisors are striving for that truly personal touch with their clients (and how much more personal can you get than eye-to-eye), there is increased interest in more in-person prospecting events. My guest today will discuss how he and his team have unlocked the power of seminars, giving advisors and firms opportunities to make a lasting impression and turn intrigued prospects into clients.

Clients 119

Clients 119

Abnormal Returns

FEBRUARY 9, 2024

The biz Spotify's ($SPOT) podcasting business could turn a profit this year. (theverge.com) What are we to make of the rollback in platform-exclusive podcasts? (anildash.com) Business Patrick O'Shaughnessy talks pharma innovation with Alex Telford, who is the founder of Convoke. (joincolossus.com) Joe Weisenthal and Tracy Alloway talk with Tom McGee, CEO of the International Council of Shopping Centers, about how businesses choose where to locate.

Banking 238

Banking Investing Investments Marketing 238

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

Wealth Management

FEBRUARY 5, 2024

The ETF is an attempt to ride the wave of the so-called Magnificent 7 tech stocks in a covered call ETF, which offers investors some tax benefits, but limits flexibility and upside, according to industry pros.

Taxes 112

Taxes 112

Calculated Risk

FEBRUARY 5, 2024

Today, in the Real Estate Newsletter: Lawler: Update on Mortgage Rates and Spreads Brief excerpt: From housing economist Tom Lawler: For the second consecutive year 2023 saw high levels of volatility in the US fixed-income markets in general and the mortgage/MBS markets in particular. Unlike in 2022, however, key Treasury rates and mortgage/MBS yields ended 2023 close to where they began. 30-Yr CCMBS: Yield on “notional par” MBS derived from price for coupon closest to but below par and price fo

Numbers 118

Numbers Marketing Marketing 118

Advisor Perspectives

FEBRUARY 5, 2024

I'm going to predict the future. Not the coming year. Not the markets. But the trends that will emerge in 2024 and will shape the future, which advisory firms can prepare for now so that the strong, gusty winds of change will howl at their backs instead of in their faces.

Marketing 116

Marketing Marketing 116

Abnormal Returns

FEBRUARY 5, 2024

Podcasts Thomas Kopelman and Jacob Turner talk about how they manage their own finances. (podcasts.apple.com) Steve Chen talks with Brian Portnoy, founder of Shaping Wealth, about forming a holistic approach to wealth. (newretirement.com) Advisortech Advisers increasingly need to investigate which technology tools they can realistically adopt. (kitces.com) The latest in advisortech including Flourish launching a new annuity platform.

Compliance 229

Compliance Taxes Management Investing 229

Advertisement

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

Wealth Management

FEBRUARY 5, 2024

Garrett, Perkins & Horton Advisory Partners and Brad Werner & Company joined the registered investment advisory platform under the Summit Growth Partners minority-ownership model.

Assets 110

Assets Investing Investments 110

Calculated Risk

FEBRUARY 8, 2024

Today, in the Calculated Risk Real Estate Newsletter: MBA: Mortgage Delinquencies Increase in Q4 2023 A brief excerpt: From the MBA: Mortgage Delinquencies Increase in the Fourth Quarter of 2023 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.88 percent of all loans outstanding at the end of the fourth quarter of 2023, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.

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Advisor Perspectives

FEBRUARY 9, 2024

The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of January 26th, the index was at 15.952, down 1.109 from the previous week, with 4 of the 6 components in expansion territory.

Economics 111

Economics Economy 111