Nerd's Eye View

JULY 10, 2023

As owners of financial planning firms approach retirement, some may decide to sell to an external buyer, while others may plan for an internal succession. Sometimes, this succession plan can include the owner's child, providing an opportunity to keep the business in the family. At the same time, the business strategies that worked for the original owner might not be suitable or as successful for their successor, which can force the 2nd-generation owner to take a different path to ensure the firm

Financial Planning 229

Financial Planning Retirement Planning Clients 229

The Big Picture

JULY 8, 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 Physics of Kaizen: Why Somebody Should Get Credit for Fixing Problems That Never Happened : Toyota’s culture of Kaizen: continuous improvement. It is an obvious statement: companies should be continually improving. Companies that are able to successfully adopt a culture and practice of Kaizen have the ability to establish a dominant position in their market. ( Taylor P

Retail 257

Retail Distribution Clients Management 257

Abnormal Returns

JULY 9, 2023

Top clicks this week How major asset classes performed in June 2023. (capitalspectator.com) Why contrarians are usually wrong. (awealthofcommonsense.com) The best investors stay humble. (behavioralvalueinvestor.substack.com) How factors have performed in the first half of 2023. (insights.finominal.com) Six signs to help you avoid 'value traps.' (blog.validea.com) Investment built on forecasts are destined to fail in the long run.

Assets 227

Assets Investing Investments 227

The Reformed Broker

JULY 8, 2023

Thanks for checking out the latest episode of The Compound and Friends, now celebrating our 100th episode! Darren Rovell dropped in as our guest and he brought with him some of his prized collectibles, a business he takes as seriously as any investor in any asset class. Check these out: This is a ticket to get into the Cavern Club in Liverpool to see the Beatles perform their earliest gigs as the band in-residence. .

Assets 183

Assets 183

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

JULY 14, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that while the new social media app Threads, designed to compete with Twitter, has surpassed 100 million users in its first week alone, its potential utility for advisors remains unclear and has raised compliance concerns for advisors whose social media archiving tools do not yet cover the new app.

Financial Planner 210

Financial Planner Compliance Media Retirement Planning 210

Abnormal Returns

JULY 12, 2023

Podcasts Jeff Ptak and Christine Benz talk with William Bernstein about the update version of his book "The Four Pillars of Investing." (morningstar.com) Camerson Passmore and Benjamin Felix talk with Prof. James Choi about how economic theory explains consumer behavior. (rationalreminder.libsyn.com) Dave Nadig talks ETFs and more with FactSet’s Elisabeth Kashner.

Risk Tolerance 211

Risk Tolerance Estate Planning Retirement Planning 211

The Reformed Broker

JULY 11, 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: ►June Inflation – “Last mile of the inflation fight will be the hardest” ►The Consumer is Ok – US consumer borrowing slowed to a more than two-year low in May, reflecting the first decline in non.

Investing 171

Investing Investments Marketing Marketing 171

Nerd's Eye View

JULY 13, 2023

Establishing successful client relationships as a financial advisor relies on good communication skills not just to present information persuasively and with confidence, but also to establish client rapport that allows meaningful and engaging relationships to be built. For many who are new to the financial planning profession and who have no experience working with clients, participating in client meetings can trigger feelings of anxiety, especially for those who share the common fear of public

Clients 198

Clients Financial Planning Financial Planner Communication 198

The Big Picture

JULY 13, 2023

My morning train reads: • Stocks Took an 18-Month Round Trip From Tech Bear to AI Bull : The same handful of megacap names that led the market down have been powering the latest surge. ( Businessweek ) • Inflation Cools Sharply in June, Good News for Consumers and the Fed : The Consumer Price Index climbed far more slowly in June, a relief for shoppers and a hopeful — though inconclusive — sign that America might pull off a “soft landing.” ( New York Times ) see also Inflation drops to lowest le

Portfolio Management 246

Portfolio Management Food Economy Accounting 246

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Banking

Abnormal Returns

JULY 9, 2023

Markets 10 surprises from 2023, so far, including higher interest rates for longer. (bilello.blog) In 2023, tech stocks have snubbed the Fed. (awealthofcommonsense.com) Finance Is the worst over for the venture capital market? (axios.com) Some PE firms are looking to decarbonize companies to generate returns. (institutionalinvestor.com) Policy Why migrants are fleeing Florida.

Financial Advising 202

Financial Advising Taxes Economy Media 202

The Reformed Broker

JULY 11, 2023

Tech needs continued pricing power to justify the multiples: NB Private Wealth’s Shannon Saccocia from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Nerd's Eye View

JULY 11, 2023

Welcome back to the 341st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Thor McIlrath. Thor is the Owner of McIlrath & Eck, an independent RIA based in Arlington, Washington, that oversees more than $610 million in assets under management for 970 client households. What's unique about Thor, though, is how he has structured his firm so that clients rotate through different advisors at the firm each time they come in for a meeting, eschewing the traditional

Clients 154

Clients CFP Financial Advisor Education 154

The Big Picture

JULY 14, 2023

My end-of-week morning offsite reads: • Google’s AI Blunders Rival Xerox’s PC Mistakes : The “T” technology behind ChatGPT was devised at Google but languished there. Sound familiar? ( Bloomberg ) • Wall Street’s Recession Warning Is Flashing. Some Wonder if It’s Wrong. The yield curve has been suggesting since last year that the economy was headed for a slump. ( New York Times ) see also Dude, Where’s My Recession?

Portfolio Management 242

Portfolio Management Accounting Food Economy 242

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

Abnormal Returns

JULY 13, 2023

Books An excerpt from “Random Acts of Medicine: The Hidden Forces That Sway Doctors, Impact Patients, and Shape Our Health” by Anupam B. Jena and Christopher Worsham. (wsj.com) An excerpt from “Nobody’s Fool: Why We Get Taken In and What We Can Do About It” by Daniel Simons and Christopher Chabris. (wsj.com) Global China may have reached its demographic peak, but that does not mean its influence is waning.

Medicine 192

Medicine Numbers Marketing Marketing 192

The Reformed Broker

JULY 14, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Michael Cembalest, and Downtown Josh Brown discuss the economy, AI stocks, the worst experiment in capital markets, the biggest risks to the market, the 2024 election, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Economy 130

Economy Marketing Marketing 130

Calculated Risk

JULY 12, 2023

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 7, 2023. This week’s results include an adjustment for the observance of Independence Day.

Economy 131

Economy Economics Marketing Marketing 131

The Big Picture

JULY 11, 2023

 The transcript from this week’s, MiB: Jenny Johnson, Franklin Templeton CEO , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , Stitcher , Google , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.

Management 213

Management Investing Investments Assets 213

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

Abnormal Returns

JULY 10, 2023

Podcasts Meb Faber talks with Blake Street is a Founding Partner and CIO of Warren Street Wealth Advisors. (mebfaber.com) Ashby Daniels talks with Hannah Moore about "doing" financial planning. (wiredplanning.com) Laurence Kotklikoff talks with David Blanchett about problems with conventional financial planning tools. (larrykotlikoff.substack.com) The biz Goldman Sachs ($GS) has snagged another custodian client, NewEdge Wealth.

Compliance 190

Compliance Recruitment Wealth Advisor Financial Planning 190

The Reformed Broker

JULY 13, 2023

Ray Romano on possible actors’ strike: Contracts need be updated to protect writers and actors from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Dear Mr. Market

JULY 8, 2023

Dear Mr. Market: It is with a sense of awe and intrigue that we find ourselves reflecting upon the first half of 2023. In the world of finance and investment, prognostications and predictions often hold sway, shaping the decisions of market participants. However, it seems that the experts and pundits who were convinced of an impending recession this year may have misjudged the situation.

Economics 111

Economics Economy Media Marketing 111

The Big Picture

JULY 11, 2023

My-Tuesday morning train WFH reads: • When Will Interest Rates Really Start to Matter? For the longest time pundits predicted interest rates would go higher yet they did nothing but go lower year after year. Then when rates hit 0% it seemed like everyone assumed we would experience lower rates forever…just in time for rates to rise higher than anyone thought was possible in such a short period of time.

Distribution 192

Distribution Management Clients Portfolio 192

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Accounting

Abnormal Returns

JULY 8, 2023

Transport What will it take for the U.S. to take pedestrian safety seriously? (vox.com) Ambulances don't need to run 'hot' all the time. (statnews.com) Why more e-bike fires are going to happen. (theatlantic.com) Lithium Norway has found a huge stash of high-grade phosphate rock. (euractiv.com) Why automakers are making deals with miners. (nytimes.com) Energy U.S. incentives are stealing renewable projects from Europe.

Ethics 172

Ethics Pharmaceutical Financial Advising Media 172

oXYGen Financial

JULY 9, 2023

![CDATA[ Over the past year several clients have had to sell their homes and buy new ones - but at a significant cost. Mortgage rates have more than tripled, so people in the market for a replacement home may benefit by targeting a VA assumable mortgage: VA loan assumption is not restricted to active-duty members and veterans. Anyone who the lender deems qualified to take on.

Clients 105

Clients Marketing Marketing 105

Wealth Management

JULY 11, 2023

David Geake solicited an elderly couple to pledge securities as collateral for a bank loan to support a startup the rep had invested in, but the couple allegedly lost their money when the company failed.

Startup 103

Startup Banking Investing Investments 103

The Big Picture

JULY 8, 2023

 This week, for our special 500th episode of Masters in Business, I speak with Jenny Johnson, president and chief executive officer of the Franklin Templeton. Johnson joined the firm in 1988 and held leadership roles in all its major divisions before becoming CEO in February 2020. She also led the historic acquisition of Legg Mason in 2020, and Putnam in 2023, with the organization now managing more than $1.5 trillion globally.

Portfolio Management 161

Portfolio Management Management Distribution Portfolio 161

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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

Abnormal Returns

JULY 11, 2023

Global The case for international diversification still stands, recency bias aside. (kitces.com) There's no reason to gorge on emerging market equities. (morningstar.com) Overnight anomaly Trading the overnight effect is harder than it looks. (twoquants.substack.com) Why the overnight anomaly is hard to exploit. (ft.com) Research Does size matter? Meh.

Sales 151

Sales Marketing Marketing 151

NAIFA Advisor Today

JULY 14, 2023

Iris Nance, LUTCF , got into the insurance and financial services industry because of a postcard. In 1997, she was working as a Real Estate Finance Credit Analyst at a local bank after more than 10 years as a Bank Examiner with the Federal Deposit Insurance Corporation (FDIC). While exploring other career opportunities that would allow quality time with her twin daughters, she received a postcard in the mail from Farmers Insurance , and the rest is history.

Insurance 98

Insurance Financial Services Banking 98

Wealth Management

JULY 10, 2023

Multifamily completions are on track for their strongest year since the 1980s, according to data from CoStar Analytics. CNN Business looks at whether the boom in generative AI could help turn around San Franciso’s real estate fortunes. These are among the must reads from around the real estate investment world to kick off the new week.

Investing 103

Investing Investments 103