Wealth Management
JANUARY 11, 2024
The ongoing case before the Supreme Court, which questions the constitutionality of taxing unrealized capital gains, holds significant implications for the future of wealth management.
The Big Picture
JANUARY 12, 2024
This week, we speak with Cathy Marcus , co-chief executive officer and global chief operating officer of PGIM Real Estate , which manages over $200 billion in assets. As co-CEO, Marcus develops and leads the company’s global strategy; as global COO, she is responsible for overseeing business and investment operations globally. She is also co-chair of the board of directors of RealAssetX , PGIM Real Estate’s innovation lab aimed at accelerating advancement in the real assets industry.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Abnormal Returns
JANUARY 8, 2024
Markets Six reasons to bullish. Six reasons to be bearish. (ritholtz.com) The 10 biggest FTSE 100 companies by market cap, over time. (ft.com) What you need to know about the spread on mortgage bonds. (housingbrief.com) Finance The spot Bitcoin ETF price war is already on. (axios.com) Property and casualty insurance providers are struggling to keep up with weather-related claims.
Nerd's Eye View
JANUARY 10, 2024
In initial discovery meetings, financial advisors face the challenge of eliciting specific goals from new clients – a crucial step for crafting a comprehensive financial plan. Asking direct queries may elicit vague responses like "I want to be on track for retirement", which tends to lack the detail needed to plan effectively and spark the client's motivation to actually accomplish those goals.
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.
A Wealth of Common Sense
JANUARY 12, 2024
Bernie Sanders was railing against wealth inequality again last week: The rich do control most of the financial assets in this country. The top 10% owns close to 90% of the stock market in the U.S. Most of the income gains in the past 40 years or so have gone to the wealthy. That’s not great. But the idea that two-thirds of all Americans cannot cover an emergency expense simply doesn’t hold up to the facts.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Abnormal Returns
JANUARY 8, 2024
Podcasts Michael Kitces talks adviser well-being with Stevyn Guinnip who is the founder of Grow Wellthy, a health and wellness consulting firm. (kitces.com) Thomas Kopelman and Jacob Turner talks with Julia Gurner about the power of working with a coach. (podcasts.apple.com) Career Why it's so important to invest in the next generation of advisers. (riaintel.com) Some things veteran advisers wished they knew when starting out including 'Run your business like a business.
Nerd's Eye View
JANUARY 12, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Securities and Exchange Commission this week authorized 11 Spot Bitcoin Exchange-Traded Funds (ETFs), which could provide financial advisors and their clients with a convenient way to invest in the cryptocurrency without many of the security issues or price tracking challenges of other methods (though the new products will still be subject to Bitcoin's notorious price
Advisor Perspectives
JANUARY 9, 2024
The world population is aging rapidly – 65 million people over the age of 65 will live in the U.S. by 2030. The disparity between the length of time a person lives (their lifespan) and how long they are in good health and can function well (their healthspan) is widening. As a result, a significant portion of aging adults are spending longer portions of their lives in poor health as they struggle to pay for caregiving assistance.
The Big Picture
JANUARY 11, 2024
Hey, this is a really nice surprise: Masters in Business was the winner in the Best Business-to-Business Podcast. I am Thrilled and humbled to win anything! Here’s what Adweek says: “In a world of shrinking attention spans where long-form journalism is an endangered species, Masters in Business sounds a refreshingly contrarian note. Creator and host Barry Ritholtz not only invites some of the most dynamic and creative business thinkers to the microphone–he’ll also often s
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.
Abnormal Returns
JANUARY 7, 2024
Top clicks this week Some of the best charts of 2023. (entrylevel.topdowncharts.com) 10 predictions for 2024 including 'The economy overheats.' (theirrelevantinvestor.com) Don't get caught sitting in cash in 2024. (allstarcharts.com) How major asset classes performed in December 2023. (capitalspectator.com) Good years tend to cluster for the stock market.
Nerd's Eye View
JANUARY 9, 2024
Welcome back to the 367th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Kimberly Enders. Kimberly is the Lead Financial Planner and Managing Partner of Enders Wealth Management, a hybrid advisory firm based in Sterling Heights, Michigan, that oversees $50M in assets under management for 85 client households. What's unique about Kimberly, though, is that after building a practice jointly with her husband, in 2015, she had to reinvent herself after a divorce lef
A Wealth of Common Sense
JANUARY 7, 2024
I’ve been writing at A Wealth of Common Sense for more than 10 years now. That means we’re going on a decade’s worth of asset allocation quilts on this blog. The moral of the story is I’m getting old. Here’s the latest update through the end of 2023 along with those 10 year trailing returns: Some observations: Bad to good and good to bad.
The Big Picture
JANUARY 9, 2024
The transcript from this week’s, MiB: Matt Levine on Money & Stuff , 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. ~~~ 00:00:00 This is Masters in business with Barry Ritholtz on Bloomberg Radio. 00:00:06 [ Barry Ritholtz ] This week on the podcast, I have an extra special guest.
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.
Abnormal Returns
JANUARY 12, 2024
Markets Stocks don't always beat bonds. (morningstar.com) A visualization of the top 10 S&P 500 stocks by market cap. (politicalcalculations.blogspot.com) Strategy Bob Seawright, "We will never act with perfect foresight. We will rarely act with decent foresight." (betterletter.substack.com) You can't use P/E ratios to value growth stocks. (downtownjoshbrown.com) A lot of strategies just aren't worth the hassle.
Nerd's Eye View
JANUARY 8, 2024
Professional service industries tend to evolve over time as the regulatory environment evolves and new technologies emerge. For instance, the financial advice industry has seen many changes to regulations (for both advisors and their clients), advisor business models, and the advisor technology landscape. These changes all have the potential to change the industry by shifting the current focus on selling financial products (including financial plans themselves) to providing a more in-depth and p
A Wealth of Common Sense
JANUARY 9, 2024
It’s always bittersweet when the holidays are over. I love Christmas time. The decorations. The parties. The food. The movies. Family time. But I also have something to look forward to when the kids finally go back to school after Christmas break — it’s to update some historical stock market data! I rely heavily on two sources when it comes to historical performance numbers: Returns 2.0 from DFA and the.
Wealth Management
JANUARY 12, 2024
Spot Bitcoin ETFs like the 11 just approved by the SEC offer offer significant advantages over the earlier options for financial advisors seeking to access cryptocurrency exposure, according to CFRA's ETF analyst.
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.
Abnormal Returns
JANUARY 9, 2024
Markets The periodic table of commodity returns over the past decade. (visualcapitalist.com) Some more charts from 2023 including the drop in IPO activity. (entrylevel.topdowncharts.com) Alternatives Are private equity firms finally going to ramp up their exits via IPO? (ft.com) Venture capital volume is likely to stay muted in 2024. (institutionalinvestor.com) Carta is getting out of the secondary stock trading business.
Nerd's Eye View
JANUARY 11, 2024
As the beginning of the new year invites a fresh start, it's a fitting time to reflect on our own wellbeing and the elements that make us happy in life. While many believe they understand what brings them joy, it can be difficult to recognize the patterns that consistently enhance wellbeing and happiness. The most recent Kitces Research Study on What Actually Contributes To Advisor Wellbeing sheds light on this topic, revealing some of the factors that contribute most to positive wellbeing for a
The Irrelevant Investor
JANUARY 6, 2024
“Buy when there’s blood in the streets” isn’t just a cute saying, it’s great investment advice.* The American Association of Individual Investors has been putting out a weekly sentiment survey every week since 1987. Something notable happened in the spring of 2022 that historically has been very bullish. Enthusiasm for stocks completely vanished.
Wealth Management
JANUARY 9, 2024
The IBD has created a new RIA, BridgePort Financial Solutions, to execute on its flexible acquisition strategy; it launches with three transactions and $1 billion in assets under advisement.
Advertisement
All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!
Abnormal Returns
JANUARY 9, 2024
ERP Does new data put the idea of equity superiority, over bonds, into doubt? (morningstar.com) The risks that come along with a 100% U.S. equity portfolio, not least of which are behavioral. (ofdollarsanddata.com) Research What factors are appropriate for defensive investors? (alphaarchitect.com) Crowded trades increase crash risks. (alphaarchitect.com) How the sensitivity to interest rates of factors, and sectors, vary in the U.S.
Advisor Perspectives
JANUARY 11, 2024
In the week ending January 6, initial jobless claims were at a seasonally adjusted level of 202,000, a decrease of 1,000 from the previous week's revised figure. The latest reading is lower than the forecast of 210,000.
Calculated Risk
JANUARY 10, 2024
Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2024. Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I’ll post thoughts on those in the newsletter (others like GDP and employment will be on this blog). I'm adding some thoughts, and maybe some predictions for each question. 2) Employment: Through November 2023, the economy added 2.6 million jobs in 2023.
Wealth Management
JANUARY 11, 2024
In conjunction with the funding, which included investments from Ritholtz Wealth Management and Mariner, the company is also rebranding as Dispatch.
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.
Abnormal Returns
JANUARY 11, 2024
Books A Q&A with Hannah Ritchie "Not the End of the World: How We can Be the First Generation to Build a Sustainable Planet." (fasterplease.substack.com) An excerpt from "Silent Cavalry: How Union Soldiers from Alabama Helped Sherman Burn Atlanta — and Then Got Written Out of History" by Howell Raines. (washingtonpost.com) Technology Does the NY Times ($NYT) have a case against AI and OpenAI specifically?
NAIFA Advisor Today
JANUARY 12, 2024
John D. Richardson , RICP, LACP, has received the 2023 President’s Citation from the National Association of Insurance and Financial Advisors (NAIFA) for his extraordinary service to the association. The NAIFA President’s Citation recognizes an association member who exemplifies NAIFA leadership and has gone above and beyond in their support for NAIFA and the industry.
Calculated Risk
JANUARY 8, 2024
Today, in the Calculated Risk Real Estate Newsletter: Moody's: Apartment Vacancy Rate increased in Q4; Office Vacancy Rate in "Uncharted Territory" at Record High A brief excerpt: From Moody’s: The national office vacancy rate rose 40 bps to a record-breaking 19.6% , shattering the previous record of 19.3% set twice previously: once in 1986 driven by a five-year period of significant inventory expansion and the other in 1991 during the Savings and Loans Crisis.
Expert insights. Personalized for you.
111 
Let's personalize your content