Nerd's Eye View

OCTOBER 16, 2023

Consumers have a wide range of options when it comes to choosing a provider of financial advice, from larger wirehouses and asset managers to smaller Registered Investment Advisers (RIAs). Given that larger firms tend to have more substantial marketing budgets to attract clients, smaller firms and their advisors have had to look for alternative ways to differentiate themselves from the competition.

Financial Planning 213

Financial Planning Marketing Marketing Financial Advice 213

The Big Picture

OCTOBER 19, 2023

One of my favorite responsibilities as chief investment officer at Ritholtz Wealth Management is the quarterly conference call I do for our clients. I run through 30 charts in 30 minutes that explain where we are in the economic cycle, what markets are doing, and what it means to their portfolios. I like to finish with a thought-provoking, often “investing-adjacent” idea they might not have previously considered.

Media 350

Media Economy Economics Wealth Management 350

The Reformed Broker

OCTOBER 17, 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: ►Earnings – “Average commercial and consumer loans were both down from the second quarter as higher rates and a slowing economy have weakened loan demand, and we’ve continued to take some credit tighteni.

Economy 289

Economy Investing Investments Marketing 289

Abnormal Returns

OCTOBER 20, 2023

Economy Joe Weisenthal and Tracy Alloway talk with Jim Egan of Morgan Stanley about the impact of 8% mortgage rates. (podcasts.apple.com) Rick Rubin talks economics, music and more with Tyler Cowen. (podcasts.apple.com) Michael Klein talks with Amy Finkelstein author of "We’ve Got You Covered: Rebooting American Health Care." (econofact.org) Business Patrick O'Shaughnessy talks with John and Patrick Collison, co-founders of Stripe.

Economy 248

Economy Economics Investing Investments 248

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

OCTOBER 18, 2023

A key value proposition for financial advisors is helping clients avoid common behavioral biases that can lead to suboptimal investment decisions. Even people who are normally rational decision-makers can be prone to fear, greed, and overconfidence, and the persistence of market bubbles where investors chase whatever company or sector is all the rage at the time (and often get stuck with losses when the bubble pops) shows that herd mentality in investing is as prevalent as ever.

Marketing 207

Marketing Marketing Valuation Advertising 207

The Reformed Broker

OCTOBER 20, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Tom Lee, and Downtown Josh Brown discuss earnings, the liquidity starved bull market, economic indicators, the Fed’s next move, housing, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere el.

Marketing 161

Marketing Marketing Economics 161

Abnormal Returns

OCTOBER 14, 2023

Transport How to make cars safer for pedestrians. (bbc.com) Stockholm has banned petrol and diesel vehicles from the city center. (semafor.com) How AI is finding its way into the cockpit. (newatlas.com) Electric garbage trucks? Yes, please. (thecooldown.com) Offshore wind The world’s largest floating offshore wind farm is now operational. (thecooldown.com) Offshore wind has a cost problem.

Food 251

Food Media Financial Advising Transportation 251

Nerd's Eye View

OCTOBER 20, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study from Fidelity Institutional highlights the growing popularity of the RIA model and the success advisors have had after going independent. The study found that 1 in 6 advisors have moved firms in the past 5 years, with the majority opting for the independent channel.

Financial Planner 200

Financial Planner Retirement Planning Retirement Healthcare 200

The Big Picture

OCTOBER 20, 2023

My end-of-week morning train WFH reads: • Austin’s office market is exploding. But no one is moving in. 6 million square feet of new office space will hit the market in the next few years — equivalent to 105 football fields. Between spaces completed since 2020 and what’s still in the pipeline, the office market will grow nearly 25 percent — the fastest rate on the continent.

Startup 258

Startup Insurance Sales Marketing 258

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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

A Wealth of Common Sense

OCTOBER 20, 2023

There’s this guy on Twitter, Paul Fairie, who does these threads using old newspaper clippings to show how the stuff we worry about today is the same stuff people have been worrying about for decades. There was one called a brief history of we are raising a generation of wimps. Every older generation thinks this (and will always think this…it’s called progress).

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Abnormal Returns

OCTOBER 18, 2023

Podcasts Peter Lazaroff on what constitutes 'evidence-based investing.' (peterlazaroff.com) Bogumil Baranowski talks with Brian Feroldi, author of "Why the Stock Market Goes Up." (talkingbillions.co) Frazer Rice talks with Jared Dillian about his forthcoming book "No Worries: How to Live a Stress-Free Life." (open.spotify.com) Peter Dunn on understanding your relationship with money.

Math 241

Math Insurance Retirement Taxes 241

Nerd's Eye View

OCTOBER 19, 2023

Much of the marketing and practice management advice in the financial advisory space comes back to 1 recommendation: Specialize in a niche. Niching offers several advantages, allowing advisors to be more specific in their marketing, more targeted in their prospecting calls, and more efficient in their processes (since clients within a similar niche are likely to have similar problems, especially in niches of profession).

Clients 184

Clients Financial Advisor Financial Advice Financial Services 184

The Big Picture

OCTOBER 14, 2023

The weekend is here! Pour yourself a mug of coffee, grab a seat by the window, and get ready for our longer-form weekend reads: • In the War Against Russia, Some Ukrainians Carry AK-47s. Andrey Liscovich Carries a Shopping List : Kyiv enlisted a Silicon Valley insider to rush consumer-grade tech onto the battlefield. He’s giving a demo of the future of war: the military-retail complex. ( Wired ) • The Wager That Betting Can Change the World : A coterie of tech insiders believe that “prediction

Retail 152

Retail Assets Retirement Accounting 152

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 Irrelevant Investor

OCTOBER 14, 2023

I still use Twitter on a daily basis, but I can’t remember the last time I tweeted something that wasn’t a link to either something I said or something I wrote. Twitter was an incredible tool for me personally and professionally. I found the person I wanted to work for, found some of my best friends in the world, and used it to create an audience that has given me way more than I’ve given to them.

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Abnormal Returns

OCTOBER 17, 2023

Trend following The case for medium-term trend signals. (mrzepczynski.blogspot.com) The problem with trend following systems: an abundance of parameters. (priceactionlab.com) Research On the corporate bond factor zoo. (papers.ssrn.com) There is still no good explanation for momentum. (alphaarchitect.com) Why post-earnings drift happens. (klementoninvesting.substack.com) Does private credit have a return smoothing problem?

Marketing 237

Marketing Marketing 237

Advisor Perspectives

OCTOBER 19, 2023

The Conference Board Leading Economic Index (LEI) fell for the 18th consecutive month in September as future economic weakness continue to loom. The index dropped 0.7% from last month to 104.6, the index's lowest reading since June 2020.

Economics 124

Economics 124

Alpha Architect

OCTOBER 16, 2023

The Jegadeesh and Titman (1993) paper on momentum established that an equity trading strategy consisting of buying past winners and selling past losers, reliably produced risk-adjusted excess returns. The Jegadeesh results have been replicated in international markets and across asset classes. As this evidence challenged and contradicted widely accepted notions of weak-form market efficiency, the academic community took notice and started churning out research.

Economics 127

Economics Numbers Assets Marketing 127

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

Calculated Risk

OCTOBER 18, 2023

Today, in the CalculatedRisk Real Estate Newsletter: 30-Year Mortgage Rates Hit 8.0% Excerpt: Mortgage News Daily reports 30-year fixed rate mortgages rose to 8.0% today (for top tier scenarios). This will mostly impact closed sales in November and December, and strongly suggests we will see new cycle lows for existing home sales over the winter. Note: The National Association of Realtors (NAR) is scheduled to release September existing home sales tomorrow, Thursday, October 19th, at 10:00 AM ET

Sales 123

Sales 123

Abnormal Returns

OCTOBER 15, 2023

Markets We are living through the worst bond bear market in history. (cnbc.com) Why the stock market can rise in the face of war. (priceactionlab.com) Retail traders are taking a break from trading. (wsj.com) How to think about core bond funds. (nytimes.com) Policy Covid stimulus had a cost. Was it worth it? (disciplinefunds.com) Why getting malaria vaccines out into the world is so important.

Financial Advising 236

Financial Advising Media Retail Economy 236

Wealth Management

OCTOBER 19, 2023

The Labor Department's latest attempt at amending its fiduciary definition is currently under consideration by the White House’s Budget Department and is expected to be released for comment soon.

Budgeting 120

Budgeting 120

Validea

OCTOBER 18, 2023

By Justin Carbonneau ( Twitter | LinkedIn | YouTube ) — Looking at Amazon, Apple, Google (Alphabet), Meta, Microsoft, Nvidia and Tesla through the lens of the guru models on Validea. What do you see when you look inside your portfolio so far this year? Do you have a broad, diverse set of winning positions or are most of your gains in just a few stocks.

Valuation 115

Valuation Sales Portfolio Investing 115

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Accounting

The Irrelevant Investor

OCTOBER 18, 2023

There is no such thing as a no-brainer when it comes to predicting the future. I was reminded of this painful lesson over the weekend when the kicker of the 49ers missed a 40-yard field goal and busted several of my bets. The 49ers are arguably the best team in the league. While their opponent the Cleveland Browns have an incredible defense, they were without their starting quarterback.

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Abnormal Returns

OCTOBER 15, 2023

Also on the site This blog just celebrated its eighteenth anniversary. (abnormalreturns.com) The current ETF market provides something for everyone. (abnormalreturns.com) Dying with zero: the life of Charles Feeney. (abnormalreturns.com) Sub-3% mortgage rates are now a distant memory. (abnormalreturns.com) Top clicks this week Five common mistakes investors make.

Banking 219

Banking Portfolio Investing Investments 219

Wealth Management

OCTOBER 15, 2023

Wealth Management recently asked readers to nominate the investment book that most helped them in their investing careers.

Investing 140

Investing Investments Wealth Management Management 140

Advisor Perspectives

OCTOBER 16, 2023

How worried should we be about AI and what should we do about it? There is risk on both sides: of not taking warnings about AI seriously enough, and of taking them too seriously.

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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

Calculated Risk

OCTOBER 17, 2023

On a monthly basis, retail sales were up 0.7% from August to September (seasonally adjusted), and sales were up 3.8 percent from September 2022. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for September 2023, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $704.9 billion, up 0.7 percent from the previous month, and up 3.8 percent above September 2022.

Retail 110

Retail Sales Food 110

Abnormal Returns

OCTOBER 19, 2023

Rates Bonds have had a lost decade. (wsj.com) Mortgage rates have hit 8%. (calculatedrisk.substack.com) Fund management Big money money managers are all in on ETFs. (ft.com) Sentiment How media is driving a wedge between the economy and sentiment. (ritholtz.com) Annie Lowery, "Things are great, but folks are mad." (theatlantic.com) Global Poland's voters pushed back against autocracy.

Financial Advising 209

Financial Advising Investing Investments Media 209

Wealth Management

OCTOBER 16, 2023

The firm’s proprietary Relationship Quality Index combines multiple metrics, based on a 14-question survey, to measure the quality of client relationships.

Clients 122

Clients 122