Nerd's Eye View

MAY 24, 2023

Screening calls are a common part of the prospecting process for financial advisory firms, particularly those that receive a large number of inquiries, and can help determine whether a prospective client might be a good fit. At the same time, these calls can be awkward for both the prospect and the advisor, as the prospect might be asked to discuss personal information about their finances with someone they have never met before, and the advisor has to ask potentially thorny questions, such as w

Clients 244

Clients Assets Financial Advisor Financial Planning 244

The Big Picture

MAY 25, 2023

Of all the cognitive errors in behavioral finance and human psychology , the one that creates the most confusion is the Dunning-Kruger effect. (Perhaps its rise in pop culture is to blame). Regardless, I find DKE to be an incredibly useful tool that helps explain many of the individual errors we see in investing. It’s useful to think of Dunning Kruger in terms of metacognition : One’s ability to self-evaluate a particular skill set.

Math 309

Math Investing Investments 309

The Reformed Broker

MAY 26, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Dror Poleg, and Downtown Josh Brown discuss Nvidia’s ascent, the AI explosion, the future of work, 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 else!

Marketing 284

Marketing Marketing 284

Abnormal Returns

MAY 21, 2023

Top clicks this week 10 things we get rid of as we age. (physicianonfire.com) Money buys independence: the 16 levels of wealth. (collabfund.com) People looking to buy a house right now have three options. (awealthofcommonsense.com) A big wealth transfer is under way in the U.S. (nytimes.com) Copper prices have rolled over. (allstarcharts.com) What does it really cost to own a home?

Investing 237

Investing Investments 237

Advertisement

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Accounting

Nerd's Eye View

MAY 23, 2023

Welcome back to the 334th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Meg Bartelt. Meg is the Founder and Lead Financial Planner for Flow Financial Planning, a virtual RIA serving mid-career women in tech that oversees almost $60 million in assets under management for 60 client households. What's unique about Meg, though, is how, over the span of 7 years since launching her firm, she has evolved the business by repeatedly adapting her niche focus, iterating

Clients 235

Clients Financial Advisor Financial Planner Financial Planning 235

The Reformed Broker

MAY 23, 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: ►Corporate Bonds – “One of Vanguard’s Biggest Credit ETFs Bleeds Record $5.5 Billion” ►52-Week Highs – “the NASDAQ-100 made a new 52-wk high after going at least 6 months without one.

Investing 177

Investing Investments Marketing Marketing 177

Abnormal Returns

MAY 26, 2023

The biz Test-driving the New York Times audio app. (lefsetz.com) AI-generated podcasts are coming. (wired.com) Startups Eric Newcomer talks with Sarah Tavel of Benchmark Capital. (newcomer.co) Carolyn Levy and Jessica Livingston talk with Y Combinator founder Paul Graham. (open.spotify.com) Patrick O'Shaughnessy talks with Henry Schuck is the founder and CEO of ZoomInfo.

Startup 235

Startup Investing Investments 235

Nerd's Eye View

MAY 26, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that while banks have been able to attract a younger and more diverse set of financial advisors compared to the rest of the industry, thanks in part to their built-in referral stream, a relative lack of independence and dated technology could lead some of their advisors to explore options with independent RIAs.

Financial Planner 229

Financial Planner Fiduciary Duty Retirement Financial Advisor 229

The Big Picture

MAY 21, 2023

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The War on Poverty Is Over. Rich People Won. The sociologist Matthew Desmond believes that being poor is different in the U.S. than in other rich countries. How is poverty different in America than in its peer countries? Matthew Desmond: We have more of it. We have double the child-poverty rate of Germany and South Korea.

Insurance 283

Insurance Healthcare Nonprofit Ethics 283

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 Reformed Broker

MAY 20, 2023

I’m coming out to Texas and I’m bringing the squad with me. June 12th, 13th, and 14th we’ll be posted up downtown ready to talk about your portfolio, your plan, your estate situation, your retirement and anything else you’re looking for answers about. We do this for wealthy families all over America, day in and day out. Now’s your chance to see what we bring to the table, live and in-person.�.

Retirement 169

Retirement Portfolio Planning 169

Abnormal Returns

MAY 25, 2023

Investing Vanguard CEO Tim Buckley on what tasks AI is going to take over. (pionline.com) Igor Tulchinsky, "Using AI to move between visual and text is an interesting way of harnessing algorithms to potentially identify opportunities or shape conclusions that may be more obvious when seen by the human eye." (semafor.com) Expect more ETFs to be marketed based on the use of AI.

Financial Advising 222

Financial Advising Startup Media Government 222

Nerd's Eye View

MAY 22, 2023

Traditionally, financial planning internship programs have offered students who are aspiring financial planners a way to prepare for entering the workforce by gaining real-world experience in advisory firm settings (as well as a way to get their foot in the door with prospective employers). But when the COVID-19 pandemic arrived in 2020, many firms shut their offices and went fully remote, which forced them to either rapidly reconfigure their internship programs or – as was more commonly t

Financial Planning 217

Financial Planning Planning Financial Planner Certification 217

The Big Picture

MAY 20, 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 Forgotten Titanic of the Pacific: A tale of disaster, survival, and ghosts. A person prone to superstition might be forgiven for thinking that the Valencia was cursed. Built in 1882, the ship was fired upon the following year near the island of Curaçao, and again four years later, this time by a Spanish warship just off the Cuban coast.

Transportation 282

Transportation Education 282

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

Calculated Risk

MAY 26, 2023

The BEA released the Personal Income and Outlays report for April: Personal income increased $80.1 billion (0.4 percent at a monthly rate) in April , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $79.4 billion (0.4 percent) and personal consumption expenditures (PCE) increased $151.7 billion (0.8 percent).

Food 143

Food Economics 143

Abnormal Returns

MAY 24, 2023

Podcasts Michael Batnick and Ben Carlson talks with Ramit Sethi about his new Netflix show 'How to Get Rich.' (awealthofcommonsense.com) Doug Boneparth and Morgan Housel talk with Kevin Kelly author of "Excellent Advice for Living." (youtube.com) Christine Benz and Jeff Ptak talk with Mike Piper author of "More Than Enough: A Brief Guide to the Questions That Arise After Realizing You Have More than You Need.

Distribution 199

Distribution Education Financial Planning Retirement 199

A Wealth of Common Sense

MAY 25, 2023

A reader asks: Ben showed the numbers for U.S. stock positive returns over the long-term. How does the data look for global ex-U.S. performance? Fair question. Here is the data I showed in a recent blog post: Since 1926, the U.S. stock market has experienced positive returns: 56% of the time on a daily basis 63% of the time on a monthly basis 75% of the time on a yearly basis 88% of the time on a 5 year basis 95% of th.

Marketing 138

Marketing Marketing Numbers Asset Allocation 138

The Big Picture

MAY 26, 2023

I joined Pete Dominick to discuss the Debt Ceiling, Inflation, markets, and more. I pop into the pod around the 30-minute mark. (Before that, Pete discusses how his teenage daughter got scammed out of $5k by a fake border police grift, and why there is a sort of happy ending). We also discuss my thesis of the “ Disloyal Opposition ” as it applies to Debt Ceilings, fiscal stimulus, and even vaccines.

Marketing 275

Marketing Marketing 275

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

MAY 24, 2023

From the Fed: Minutes of the Federal Open Market Committee, May 2-3, 2023. Excerpt: The economic forecast prepared by the staff for the May FOMC meeting continued to assume that the effects of the expected further tightening in bank credit conditions, amid already tight financial conditions, would lead to a mild recession starting later this year, followed by a moderately paced recovery.

Economics 138

Economics Banking Economy Marketing 138

Abnormal Returns

MAY 26, 2023

Cash How to choose between T-bills and CDs. (wsj.com) Investors have poured some $600 billion into money market funds YTD. (ft.com) Retail investors are increasingly snapping up T-bills at auction. (barrons.com) Strategy The stock market is long term proposition. (awealthofcommonsense.com) When trading, it's okay to hit the reset button. (allstarcharts.com) Companies In the past decade, Nvidia ($NVDA) stock has gone up some 250x.

Financial Advising 198

Financial Advising Valuation Retail Economy 198

Advisor Perspectives

MAY 23, 2023

We must understand our clients’ purposes and how they fit together in their lives. We need to take the initiative when rebalancing is in order.

Clients 142

Clients Portfolio 142

The Big Picture

MAY 24, 2023

This week saw the release of the Fed’s big annual research report, Economic Well-Being of U.S. Households in 2022. It’s chock full of great charts and analyses, covering everything from Income, Employment, Expenses, Banking and Credit, Housing, Student Loans, Retirement and Investments, and Overall Financial Well-Being. Peter Coy fleshes out lots of the details here: “ Unemployment Is Low, But So Is the National Mood.” He notes: “The Fed report is consistent with ot

Media 273

Media Medical Economics Retirement 273

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!

Accounting

Wealth Management

MAY 22, 2023

In today’s world, advisors can differentiate themselves by delivering value where it’s always been—in the client relationship. The problem is, the industry has created the perfect product market fit for middle-aged white men, says Ellevest’s Sallie Krawcheck.

Investing 121

Investing Investments Clients Marketing 121

Abnormal Returns

MAY 25, 2023

Books An excerpt from "Anatomy of a Breakthrough: How to Get Unstuck When It Matters Most" by Adam Alter. (bigthink.com) A Q&A with Simon Johnson, co-author of "Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity." (fasterplease.substack.com) An excerpt from "Flawless: Lessons in Looks and Culture from the K-Beauty Capital" by Elise Hu.

Startup 192

Startup Marketing Marketing 192

Advisor Perspectives

MAY 22, 2023

Risk-averse investors seeking defensive systematic strategies to reduce left-tail risk should broaden their search beyond low volatility/low beta.

Portfolio 131

Portfolio 131

The Big Picture

MAY 25, 2023

My morning train WFH reads: • Debt-Ceiling Fight Sends Investors Hunting for New Havens : Traders worried about a potential U.S. default are swapping their go-to safe haven for the bonds of America’s top-rated companies. Just days or weeks before the government faces a possible funding shortfall, investors are shunning U.S. Treasury bills that will mature over the next several months while paying a premium to buy debt issued by Microsoft and Johnson & Johnson, two of the highest-rated U.S. c

Distribution 256

Distribution Media Government Economy 256

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

MAY 21, 2023

The portfolio of the future will be crafted around exposure to public versus private markets, according to speakers at the Wealth Management EDGE conference.

Wealth Management 125

Wealth Management Portfolio Management Marketing 125

Abnormal Returns

MAY 24, 2023

Markets Bank stocks used to be boring to trade. Not any more. (wsj.com) Companies have not not shy about buying back stock YTD. (wsj.com) Apple Apple ($AAPL) is going to work more closely with Broadcom ($BRCM) on 5G chips. (wsj.com) Microsoft ($MSFT) is in the lead on AI. What's Apple's ($AAPL) next move? (stratechery.com) Why Apple ($AAPL) is seemingly lagging in AI.

Investing 192

Investing Investments Financial Advising Startup 192

The Irrelevant Investor

MAY 23, 2023

Today’s Animal Spirits is brought to you by YCharts: See here to register for YCharts webinar discussing the scenarios tool with a big emphasis on how it helps streamline the financial planning process for advisors with RWM COO Nick Maggiulli on May 24th at 12:30pm Eastern On today’s show, we discuss: Carl Icahn admits mistake with bearish bet that cost $9B Steve Cohen is ‘pretty bullish’ on markets than.

Financial Planning 116

Financial Planning Planning Marketing Marketing 116