Nerd's Eye View

JUNE 12, 2023

While 2023 got off to a bumpy start for many advisory firms, still smarting from a rough prior year of market returns (and volatile revenue), a relative return to ‘normalcy’ means that for most, the advisory business has reached whatever its new post-pandemic normal will be. Firms that were returning to the office have done so, those that are staying remote are remaining as such, and either way most advisory firms have figured out how to continue to service and retain clients, and ar

Financial Advisor 208

Financial Advisor Financial Planner Professional Services Clients 208

The Reformed Broker

JUNE 11, 2023

The parabolic spike in 2-year Treasury bond rates this winter ended with a crescendo on Thursday, March 9th and Friday March 10th. That week, the collapse of Silicon Valley Bank had thoroughly spooked the markets and convinced traders that the Federal Reserve would be forced to start downshifting its hiking cycle and the accompanying hawkish rhetoric.

Banking 346

Banking Marketing Marketing 346

The Big Picture

JUNE 16, 2023

@TBPInvictus here: Contrary to 40+ years and counting of “trickle down” narrative, the reality is that the gap between the 1% and everyone else (let’s say the bottom 90%) has never been wider. It’s become a chasm, and the charts below tell the story. Here is the wealth share of the bottom 90% and the Top 1%, equalized in 1989: Here is both the share (scale at Left ) and level (scale at right) of total net worth held by the Top 1%.

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Numbers 328

Abnormal Returns

JUNE 13, 2023

Options Just because 0DTE options are overvalued doesn't mean you should short them. (mailchi.mp) Covid broke the options expiration week phenomenon. (quantifiableedges.com) Behavior How robo-advice could change household behavior. (papers.ssrn.com) All else equal, attractive people raise more venture capital. (ft.com) Macro Why equities are an 'imperfect hedge' against inflation.

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Retail Economy Investing Investments 215

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

JUNE 13, 2023

Welcome back to the 337th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Danika Waddell. Danika is the President and Founder for Xena Financial Planning, a virtual advisory firm that advises 40 client households of women in tech and supports more than $275K of ongoing revenue. What's unique about Danika’s path, though, is how, she launched her own independent RIA not out of a desire to be an entrepreneurial business owner, but because an IAR registration

Financial Advisor 243

Financial Advisor Clients Startup Financial Planning 243

The Big Picture

JUNE 15, 2023

Vanguard is out with its annual deep dive into what its 5 million 401k participants are up to. The firm’s release of How America Saves is chock full of data and charts showing how 401k savings have reached all-time highs at Vanguard; I expect other large plan managers like Fidelity and Schwab to be at or near similar levels. VG credits the impact of automatic enrollment/contribution escalation as leading savers to this milestone. “ Record highs in participation, deferral rates, and the use of p

Planning 277

Planning Asset Allocation Management Assets 277

Abnormal Returns

JUNE 14, 2023

Podcasts Christine Benz and Jeff Ptak talk with Ramit Sethi about living a 'rich life' and his new Netflix how 'How to Get Rich.' (morningstar.com) Jesse Cramer on how to have better conversations with aging parents. (bestinterest.libsyn.com) Chad talks with Mike Piper author of "More than Enough: A Brief Guide to the Questions That Arise After Realizing You Have More Than You Need.

Financial Advice 215

Financial Advice Taxes Planning 215

Nerd's Eye View

JUNE 14, 2023

One common sales tactic for financial advisors is to offer prospective clients a free (or low-cost) financial plan to demonstrate the advisor’s expertise and to let the prospect ‘test drive’ the advisor’s services. However, creating these pre-commitment strategies and plans can take up a significant amount of an advisor’s time and there is no guarantee that the prospect will actually decide to become a client (in which case the advisor’s work would have genera

Financial Planning 206

Financial Planning Clients Planning Financial Advisor 206

The Reformed Broker

JUNE 13, 2023

MAJOR @FutureProofAC ANNOUNCEMENTS Agenda is live, boardwalk is 2X the size, 80+ confirmed speakers, 30+ special events, and a glimpse at who’s attending! Get $200 off Advisor passes, and 10% off Industry passes when you register before 6/23! See ya there!… pic.twitter.com/pEMTCW0LeB — The Compound (@TheCompoundNews) June 13, 2023 Today we announced the agenda for Future Proof Festival 2023!

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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 10, 2023

This week, we speak with Mathieu Chabran, co-founder of Tikehau Capital. The firm is a global alternative asset manager with $40B in AUM manged in 13 offices around the world. He cofounded Tikehau in 2004 with Antoine Flamarion, a colleague at Deutsche Bank. Chabran was named Chevalier de l’Ordre de la Légion d’Honneur by decree of the President of the French Republic in January 2022.

Banking 161

Banking Assets Management 161

Abnormal Returns

JUNE 15, 2023

Your Future Self A Q&A with Half Hershfield author of "Your Future Self: How to Make Tomorrow Better Today." (annieduke.substack.com) An excerpt from "Your Future Self: How to Make Tomorrow Better Today" by Hal Hershfield. (behavioralscientist.org) Health How excessive noise affects your body and health. (nytimes.com) Is EMDR a psychotherapeutic breakthrough, pseudoscience, or a little bit of both?

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Nerd's Eye View

JUNE 16, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the SEC issued a risk alert highlighting areas of increased focus regarding its new marketing rule for upcoming examinations, including whether there is clear disclosure of whether the person giving a testimonial or endorsement is a client or investor, if the promoter has been paid, and if there are material conflicts of interest.

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Financial Planner Advertising Clients Taxes 198

The Reformed Broker

JUNE 16, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Ted Seides, Shana Sissel, and Downtown Josh Brown discuss the FOMC meeting, how investors are using alternatives these days, the venture capital market, what’s going on at Goldman Sachs, the Vision Fund’s $32 billion loss, quiet luxury, and much more!

Marketing 169

Marketing Marketing 169

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

A Wealth of Common Sense

JUNE 13, 2023

Last year was one of the worst years ever for financial markets. Call it recency or loss aversion or some other Daniel Kahneman bias but for some reason, our brains are hard-wired to assume big losses will be followed by additional losses (just like we assume big gains will be followed by additional gains).1 The thing about big losses in the stock market is sometimes they are followed by big losses…but sometimes t.

Financial Market 145

Financial Market Marketing Marketing 145

Abnormal Returns

JUNE 10, 2023

Autos GM ($GM) is adopting Tesla's ($TSLA) charging standard. (wsj.com) Discount the haters, self-driving cars are making progress. (understandingai.org) Energy The U.S. is getting its first new nuclear reactor in 40 years. (grist.org) In 2023, more capital will be invested in solar energy than oil & gas. (technologyreview.com) The need for more expedited transmission lines (and interconnections) is acute.

Food 199

Food Financial Advising Media Economy 199

Nerd's Eye View

JUNE 15, 2023

For many financial advisors, keeping an open line of communication with clients is a key component of building trust, understanding the client’s values, and developing a meaningful plan to help them reach their financial goals. However, despite efforts to ensure all clients understand the ‘big picture’ of their comprehensive plans, some clients may be tempted by other financial professionals offering attractive investment returns and promising better portfolio performance.

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Clients Investing Investments Communication 167

The Reformed Broker

JUNE 13, 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: ►Technical Bull Market – “S&P 500 up 20% from October 2022 low” ►The Chase is On – “Investors haven’t been this bullish since November 2021″ ►Recession Fears Fade – The post The Chase Is On appeared first on The Reformed Broker.

Investing 141

Investing Investments Marketing Marketing 141

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

JUNE 13, 2023

Here are a few measures of inflation: The first graph is the one Fed Chair Powell has been mentioning. Click on graph for larger image. This graph shows the YoY price change for Services and Services less rent of shelter through May 2023. Services were up 6.3% YoY as of May 2023, down from 6.8% YoY in April. Services less rent of shelter was up 4.2% YoY in May, down from 5.2% YoY in April.

Food 142

Food Economics 142

Abnormal Returns

JUNE 16, 2023

Markets The spread between the 10-year Treasury and the dividend yield on the S&P 500 is at its highest level since 2007. (capitalspectator.com) A successful restaurant IPO doesn't imply a green light for big VC-backed tech IPOs. (theinformation.com) Strategy A well thought out investment philosophy will save you a lot of trouble. (awealthofcommonsense.com) An up market is not an excuse to check your 401(k) balance.

Financial Advising 195

Financial Advising Media Economy Banking 195

A Wealth of Common Sense

JUNE 15, 2023

A reader asks: My wife and I are 42 with a 13-year-old son. We moved to Phoenix, AZ as immigrants 7 years ago with just a couple thousand dollars to our name. Since then have slowly progressed in our careers. At this point, here’s what we have accomplished financially: Annual combined income: $350k Cash in checking accounts: $230k Mortgage: $530k (28 years left) Investments through 401k, 529 plans: $100k Stock Ma.

Investing 128

Investing Investments Accounting Planning 128

Advisor Perspectives

JUNE 14, 2023

The Consumer Price Index for Urban Consumers (CPI-U) released for May puts the year-over-year inflation rate at 405%. It is well above the 3.75% average since the end of the Second World War and above its 10-year moving average, now at 2.64%.

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Accounting

Calculated Risk

JUNE 15, 2023

The DOL reported : In the week ending June 10, the advance figure for seasonally adjusted initial claims was 262,000 , unchanged from the previous week's revised level. The previous week's level was revised up by 1,000 from 261,000 to 262,000. The 4-week moving average was 246,750, an increase of 9,250 from the previous week's revised average. This is the highest level for this average since November 20, 2021 when it was 249,250.

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Abnormal Returns

JUNE 16, 2023

The biz Pew Research on the state of podcasting in the U.S. (pewresearch.org) Why venture capital and podcasting were never meant to fit. (defector.com) What the 'If Books Could Kill' podcast tells us about culture and the books business. (theatlantic.com) Lessons learned from doing 100 podcast episodes. (peterlazaroff.com) Quant Jeff Malec talks trend following and strategy replication with Corey Hoffstein.

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Portfolio Management Portfolio Management Investing 193

A Wealth of Common Sense

JUNE 16, 2023

I’ve never been a big fan of financial jargon because most of the time it’s used to impress people rather than help them understand what you’re talking about. Here’s a piece of jargon that never made much sense to me — fair value. Our fair value of the S&P 500 is 4,357 based on blah, blah, blah. Fair relative to what?

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Marketing Marketing Sales 127

Wealth Management

JUNE 12, 2023

Lenders on office assets are doing everything they can to avoid taking the keys on properties and working on extension and modification agreements, reports Bisnow. Don Peebles sat down with Commercial Observer to discuss how far Black real estate development has come. These are among the must reads from around the real estate investment world to start the week.

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Assets Investing Investments 117

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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

JUNE 16, 2023

SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16th. I've now switched to a new physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long term price comparisons. This graph shows CME random length framing futures through May 16th (blue), and the new physically-delivered Lumber Futures (LBR) contract starting in August 2022 (Red).

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Abnormal Returns

JUNE 15, 2023

Strategy Five common portfolio mistakes including 'portfolio sprawl.' (morningstar.com) What do sell-side analysts actually do? (capitalgains.thediff.co) Companies Why Shopify ($SHOP) decided to out of the logistics business. (theinformation.com) Restaurant chain Cava ($CAVA) has priced its IPO. (cnbc.com) A hit product, like the InstantPot, doth not an enduring company make.

Financial Advising 190

Financial Advising Startup Valuation Economy 190

A Wealth of Common Sense

JUNE 11, 2023

Last week I asked if the bear market is over. Gun to my head, yes, but I don’t make very good predictions when firearms are aimed at my dome. If the bear market is over, does that mean we’re in a new bull market? Could be. The S&P 500 was down 25% from peak to trough. And the market is now up more than 20% from the lows: Technically that’s a bull market if we’re using 20% labels here.

Marketing 117

Marketing Marketing 117