Nerd's Eye View

MAY 29, 2023

When a financial advisor starts their own firm, they face many important choices. One of the key decisions is determining the type of clients they want to serve. Some advisors may choose to take a generalist approach that leaves the door open to working with the broadest possible pool of prospective clients. But with hundreds of thousands of financial advisors competing for the same prospects, it can be challenging to build a generalist advisory business from scratch.

Risk Tolerance 180

Risk Tolerance Financial Advisor Clients Engineering 180

The Reformed Broker

MAY 29, 2023

Okay, it’s up 10,000% since May of 2013 and is now the best performing stock in America during the past decade. Everyone is obsessed. It’s the biggest story in the market this year. Cramer has now named a second family dog after it. Jensen Huang’s name is now in the mainstream alongside Bill Gates, Steve Jobs, Mark Zuckerberg, Jeff Bezos, Elon Musk.

Marketing 333

Marketing Marketing 333

The Big Picture

JUNE 1, 2023

“Tight labor markets have raised concerns about the role of labor costs in persistently high inflation readings. Analysis shows that higher labor costs are passed along to customers in the form of higher nonhousing services prices, however the effect on overall inflation is very small. Labor-cost growth has no meaningful effect on goods or housing services inflation.

Economics 306

Economics Banking Marketing Marketing 306

Abnormal Returns

JUNE 2, 2023

The biz Consolidation is here, again, as independent podcast companies sell out. (bloomberg.com) Ad buyers love podcasts, especially business-focused ones. (insideradio.com) The number of songs uploaded to streaming services just keep increasing. (om.co) Finance David Rubenstein talks with Cliff Asness about the return of value. (bloomberg.com) Christine Benz and Jeff Ptak talk with Joel Tillinghast about his biggest investing mistake, the implications of AI for portfolio management, and how pri

Portfolio Management 224

Portfolio Management Management Numbers Portfolio 224

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

MAY 30, 2023

Welcome back to the 335th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Tim Wyman. Tim is a Managing Partner for the Center for Financial Planning, a hybrid advisory firm based in Southfield, Michigan, that oversees $1.5 billion in assets under management for 1,000 client households. What's unique about Tim, though, is how, as a second-generation partner, he helped redesign the firm’s organizational structure from siloed advisors to an ensemble practice,

Financial Advisor 238

Financial Advisor Financial Planning Clients Planning 238

The Big Picture

MAY 28, 2023

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • We Want Them Infected : These ‘experts’ sold the U.S. on a disastrous COVID plan, and never paid a professional price. A painstakingly documented new book by Jonathan Howard, a neurologist at New York University and a veteran debunker of the pseudoscience contaminating our efforts to fight the pandemic.

Accounting 286

Accounting Medical Numbers Assets 286

Abnormal Returns

JUNE 1, 2023

Books An excerpt from "Anatomy of a Breakthrough: How to Get Unstuck When It Matters Most" by Adam Alter. (theatlantic.com) Five insights from "Paved Paradise: How Parking Explains the World" by Henry Grabar. (nextbigideaclub.com) David Marchese talks with Peter Attia, MD about his book “Outlive: The Science & Art of Longevity.” (nytimes.com) A Q&A with Theresa MacPhail author of "Allergic: Our Irritated Bodies in a Changing World.

Accounting 215

Accounting Banking Management Investing 215

Nerd's Eye View

MAY 31, 2023

The 2017 Tax Cuts & Jobs Act introduced a $10,000 limit on the State And Local Tax (SALT) deduction that was previously available for taxpayers who itemized their deductions. In response to the new deduction limit, many states enacted laws creating a new Pass-Through Entity Tax (PTET) designed to help owners of pass-through businesses (partnerships, LLCs, and S corporations) avoid the limitation and preserve the deductibility of their state tax payments.

Taxes 213

Taxes Planning Tax Planning Numbers 213

The Reformed Broker

JUNE 2, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Cathie Wood, and Downtown Josh Brown discuss investing in innovation, AI fact vs fiction, how big Tesla can get, why Ark bought Nvidia in 2014, Zoom vs Google Meet vs Microsoft Teams, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Investing 246

Investing Investments Marketing Marketing 246

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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

JUNE 2, 2023

My end-of-week morning train WFH reads: • Wall Street Banks Are Using AI to Rewire the World of Finance : Lenders are experimenting with artificial intelligence. Not even Warren Buffett is sure what happens next. ( Bloomberg ) • The $1 Trillion Company That Started at Denny’s : AI made Nvidia the world’s most valuable chip maker. So did three guys sipping diner coffee and planning to conquer markets that barely existed. ( Wall Street Journal ) • Is Apple’s weird headset the future?

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License Education Banking Planning 268

Abnormal Returns

JUNE 2, 2023

Strategy A lot of issues really come down to perspective. (ritholtz.com) Some career advice from noted investor David Tepper. (investmenttalk.co) Companies Meta ($META) is requiring workers to come back to the office three days a week. (cnbc.com) Amazon ($AMZN) is looking to add wireless service for Prime members. (finance.yahoo.com) Apple There are only open questions right now about Apple's ($AAPL) VR efforts.

Financial Advising 215

Financial Advising Advertising Economy Media 215

Nerd's Eye View

JUNE 2, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that a recent study found that advisory forms working with a younger client base tend to have relatively stronger growth in assets under management and revenue over time. In addition, the researchers found that referrals from centers of influence were one of the strongest drivers of new client growth, with client referrals playing an important role as well.

Financial Planner 206

Financial Planner Risk Tolerance Clients Financial Planning 206

The Reformed Broker

MAY 27, 2023

Eleven years ago this spring, a startup called Betterment published a blog post stating that human financial advisors were obsolete and that the people who work in the advice industry are pigs. The basis of their post was an NBER study that sent secret shoppers out to meet with “financial advisors” who then received high-cost, unsatisfactory advice.

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Startup Financial Advisor 230

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

JUNE 1, 2023

Welcome to June! My morning WFH reads: • We Asked Workers Why They’re Not Coming Back to the Office : Terrible commutes. Expensive child care. Employees explain why they will keep working from home. ( Wall Street Journal ) • Why Are Food Prices So High in Europe? Throughout the European Union, consumer food prices were on average 17% higher in April than a year earlier — the fastest pace of growth in over two and a half decades.

Food 267

Food Retail Medical Banking 267

Abnormal Returns

MAY 31, 2023

Podcasts Jonathan Hollow talks with Andrew Hallam author of "Balance: How to Invest and Spend for Happiness, Health, and Wealth." (podcasts.apple.com) Morgan Housel on the 'art of spending money.' (open.spotify.com) Taxes What Is a 83(b) election? (thomaskopelman.com) Who is eligible for the retirement savings tax credit? (humbledollar.com) Fraud How to protect yourself against check fraud.

Retirement 214

Retirement Taxes Media Investing 214

Nerd's Eye View

JUNE 1, 2023

While advancing a career in any industry can be challenging, the lack of formal career development programs offered in the workplace for associate advisors can make it particularly difficult for them to gain the experience they need to become lead financial advisors. And since managing the client relationship – a key responsibility for lead advisors – relies so heavily on nuanced ‘soft’ skills that are gained only through direct experience, finding ways to get hands-on ex

Communication 193

Communication Financial Advisor Clients Management 193

The Reformed Broker

MAY 27, 2023

Reminder: The Ritholtz crew is coming out to Austin, Texas next month. Details about how you can meet with us here. And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. These are the most read posts on the site this week, in case you missed it: . The post This Week on TRB appeared first on The Reformed Broker.

Marketing 152

Marketing Marketing 152

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 Big Picture

MAY 27, 2023

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The King’s Dominion (The real Succession) : His sons are at war. He’s divorced his fourth wife and broken an engagement to a would-be fifth. The jewel in what’s left of his crown faces a billion-dollar lawsuit.

Transportation 258

Transportation Economics Investing Investments 258

Abnormal Returns

JUNE 1, 2023

Markets The market's biggest stocks are having a big year. (axios.com) The S&P 500 Top 50 returned 3.97% in May 2023. (on.spdji.com) How major asset classes performed in May 2023. (capitalspectator.com) Strategy Cullen Roche, "The beauty of indexing is that you own the haystack rather than worrying about the needles." (disciplinefunds.com) There's nothing magical about dividend investing.

Insurance Coverage 182

Insurance Coverage Financial Advising Insurance Media 182

Calculated Risk

JUNE 2, 2023

The BEA released their estimate of vehicle sales for May this morning. The BEA estimates sales of 15.05 million SAAR in May 2023 (Seasonally Adjusted Annual Rate), down 6.5% from the April sales rate, and up 19.6% from May 2022. Click on graph for larger image. This graph shows light vehicle sales since 2006 from the BEA (blue) and BEA's estimate for May (red).

Sales 144

Sales Marketing Marketing 144

The Reformed Broker

JUNE 1, 2023

Final Trades: Amazon, Freeport-McMoRan & Boeing from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Accounting

The Big Picture

MAY 30, 2023

My back-to-work morning train reads: • Why Are Markets So Calm? It’s Revenge of the Quant Funds : Firms that use computers to determine buy and sell signals have been loading up while other investors sit back. ( Wall Street Journal ) • Crypto Is Staging a Major Rebound. How It Survived a $3 Trillion Crash. Bitcoin and other tokens have rebounded while big companies and funds continue to plow capital into cryptocurrencies. ( Barron’s ) • Five Things That Could Knock Nvidia Down : Which is

Manufacturing 242

Manufacturing Marketing Marketing 242

Abnormal Returns

MAY 29, 2023

Podcasts Michael Kitces talks with Meg Bartelt of Flow Financial Planning about evolving her practice. (kitces.com) Brendan Frazier talks with Bari Tessler, author of "The Art of Money: A Life-Changing Guide to Financial Happiness." (wiredplanning.com) Cameron Passmore and Benjamin Felix talk with David Blanchett about regret optimized portfolios. (rationalreminder.libsyn.com) Austin, TX RWM is coming to Austin, TX!

Wealth Management 181

Wealth Management Financial Advising Estate Planning Banking 181

Calculated Risk

JUNE 1, 2023

From the Census Bureau reported that overall construction spending increased: Construction spending during April 2023 was estimated at a seasonally adjusted annual rate of $1,908.4 billion, 1.2 percent above the revised March estimate of $1,885.0 billion. The April figure is 7.2 percent above the April 2022 estimate of $1,780.9 billion. emphasis added Both private and public spending increased: Spending on private construction was at a seasonally adjusted annual rate of $1,500.7 billion, 1.3 per

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The Reformed Broker

MAY 30, 2023

ChargePoint upgraded to buy at Bank of America from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

Banking 141

Banking 141

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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

The Big Picture

MAY 31, 2023

I am moderating a fascinating panel today at Bloomberg’s Hedge Fund Start-Up Conference 2023. It is a great collection of newer hedge fund managers who have put up impressive numbers consistently over the past few years. The challenge for investors in alternatives is twofold: The first is identifying those managers who can consistently generate alpha in excess of fees; and the second, is to find them early enough so they are still willing to accept your capital.

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Management Numbers 152

Abnormal Returns

MAY 28, 2023

Top clicks this week Ten bad market takes including 'Recession is inevitable?' (ritholtz.com) Why so many Americans think their house is the best investment. (awealthofcommonsense.com) 10 charts this week including the surge in Nvidia ($NVDA). (bilello.blog) What do adult children owe their parents? (fatherly.com) Buy-and-hold forever doesn't work out very well.

Food 167

Food Investing Investments Marketing 167

A Wealth of Common Sense

JUNE 2, 2023

The AI craze is in full effect so everyone is trying to figure out who the winners will be. Maybe it will be the upstarts, some new start-up that gives you your own personal assistant in your ear, on your iPhone and at your desk. Or maybe it will be the big tech players who have gobs of money to throw at AI like Microsoft, Google and Facebook. Maybe it’s a company like NVIDIA that supplies the chips and software.

Marketing 142

Marketing Marketing 142