Wealth Management
DECEMBER 19, 2023
This approach allows an advisor to focus on what matters most to each client, adding more value to their services and growing client relationships.
Abnormal Returns
DECEMBER 20, 2023
Podcasts Barry Ritholtz talks with Dave Nadig about the differences between mutual funds and ETFs. (ritholtz.com) Preet Bharara talks with Morgan Housel author of "Same as Ever: A Guide to What Never Changes." (cafe.com) Jim Dahle talks charitable giving with Adam Nash, CEO and co-founder of Daffy. (whitecoatinvestor.com) Khe Hy talks with Joe Hudson about why we worry about money.
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Nerd's Eye View
DECEMBER 18, 2023
As 2023 comes to a close, I am once again so thankful to all of you, the ever-growing number of readers who continue to regularly visit this Nerd's Eye View Blog (and share the content with your friends and colleagues, which we greatly appreciate!). We recognize (and appreciate!) that this blog – its articles and podcasts – is a regular habit for tens of thousands of advisors, but that not everyone has the time or opportunity to read every blog post or listen to every podcast that is
The Big Picture
DECEMBER 18, 2023
Love this giant chart! You can order one at Investments Illustrated The post 2023: The Big Picture appeared first on The Big Picture.
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
DECEMBER 17, 2023
After suffering drawdowns of 21%, 25% and 35% in the bear market of 2022, the Dow, S&P 500 and Nasdaq 100 all broke even on a total return basis this week: Sure that means these markets went nowhere for nearly two years but just look at the returns since the start of 2020: Considering everything we’ve lived through those returns are not bad at all.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Nerd's Eye View
DECEMBER 22, 2023
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that Envestnet has published research highlighting a number of key trends that they believe will shape the growth of the advisory industry in 2024 and beyond, which reflect at a high level advisors' ongoing shift towards providing more and deeper financial planning while leaning on technology to make that level of planning possible.
The Big Picture
DECEMBER 16, 2023
This week, we speak with Michael Rockefeller , Co-Chief Investment Officer and co-founder of Woodline Partners. The firm launched in 2019 with around $2 billion in initial assets, and became one of the fastest-growing emerging funds over the past few years. They now manage $7 billion in assets. The hedge fund implements a market-neutral equity strategy, focused on generating “idiosyncratic alpha” and “avoiding systemic risk factors.
Calculated Risk
DECEMBER 22, 2023
Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through November 2023. CPI Shelter was up 6.5% year-over-year in November, down from 6.7% in October, and down from the cycle peak of 8.2% in March 2023. Housing (PCE) was up 6.7% YoY in November , down from 6.9% in October, and down from the cycle peak of 8.3% in April 2023.
Abnormal Returns
DECEMBER 21, 2023
Markets Small cap stocks still look cheap relative to large caps. (morningstar.com) What do you get when you combine momentum and quality? (downtownjoshbrown.com) Finance Citigroup ($C) is now getting out of the distressed debt trading business. (finance.yahoo.com) Banks are clawing to hold onto a chunk of the leveraged lending market. (bloomberg.com) Sweden's stock market may cut back their trading hours.
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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.
Nerd's Eye View
DECEMBER 20, 2023
After a financial advisor and their client have agreed on a financial plan, there are usually a lot of good feelings going around. The causes of the client's worries have been identified, there's agreement on the steps that will get the client to where they want to be, and all that's left is to take action to implement the plan. But while it seems like the momentum of the earlier steps of the planning process should carry through into the implementation stage, all too often, the opposite occurs:
Wealth Management
DECEMBER 22, 2023
Industry experts point to continued proliferation of AI, tech stack integration, software supporting new fee models and advisors using an increasingly diverse array of applications to offer additional services as storylines to look out for in the coming year.
The Irrelevant Investor
DECEMBER 19, 2023
During the Fed’s press conference last week, Steve Liesman asked Powell about the Fed potentially cutting interest rates next year. This was his response: We are seeing, you know, strong growth that appears to be moderating, We’re seeing a labor market that is coming back into balance by so many measures, and we’re seeing inflation making real progress.
Abnormal Returns
DECEMBER 22, 2023
Markets Just how bad was the 2022-23 bond drawdown? This bad. (ft.com) Why you should look at returns from 2022-23 as a whole. (priceactionlab.com) Streaming Lionsgate ($LGF.A) is splitting Starz from its studio business. (axios.com) What would a Warner Bros. Discovery ($WBD) and Paramount ($PARA) merger mean for consumers? (theverge.com) Seven lessons learned from Netflix's ($NFLX) viewership data, including the staying power of 'Gilmore Girls.
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.
Nerd's Eye View
DECEMBER 19, 2023
Welcome everyone! Welcome to the 364th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Ted Jenkin. Ted is the founder of JTPD Partners, a consulting firm based in Atlanta, Georgia, that helps financial advisors gather offers, negotiate, and ultimately sell their advisory firms. What's unique about Ted, though, is how his journey to facilitate financial advisor mergers and acquisitions started from selling his own $2.2-billion AUM advisory firm that he spent more
Wealth Management
DECEMBER 22, 2023
Industry experts cited the DOL’s fiduciary rule, further guidance on the SEC’s marketing rule and potential movement on unpaid FINRA arbitration awards as possible developments in 2024.
Calculated Risk
DECEMBER 20, 2023
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Increased to 3.82 million SAAR in November Excerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2022 and 2023. Sales declined 7.3% year-over-year compared to November 2022. This was the twenty-seventh consecutive month with sales down year-over-year.
Abnormal Returns
DECEMBER 18, 2023
Podcasts Daniel Crosby talks wealth confidence with Anthony Damtsis who is Deputy Head of Behavioral Finance at TD Wealth. (standarddeviationspod.com) Thomas Kopelman talks planning for people planning to move outside the U.S. with Jack Thomas. (podcasts.apple.com) The biz What is the endgame for Betterment? (citywire.com) After some false starts, Apex Fintech, the clearing firm, filed for an IPO.
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.
Alpha Architect
DECEMBER 22, 2023
Option returns display momentum, meaning that firms whose options performed well in the previous 6 to 36 months are likely to see high option returns in the next month as well. Momentum Everywhere, Including Equity Options was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Wealth Management
DECEMBER 21, 2023
These nine episodes provide diverse points of view, cutting-edge information, inspirational guests and valuable insights to help advisors improve both their professional and personal lives.
A Wealth of Common Sense
DECEMBER 22, 2023
There are Twitter accounts that spend their time lamenting why we don’t build cathedrals, castles and architecture like they did in the past. I get it. I’ve been to Europe before. The castles, the churches, the opera houses, the landmarks, the art, etc. It’s mind-boggling people were able to build these things without the technology we have available today.
Abnormal Returns
DECEMBER 16, 2023
EVs The rising pedestrian death rate is due to a rise in nighttime deaths. (nytimes.com) The Tesla ($TSLA) Cybertruck is another step along the line of increasingly large, dangerous vehicles. (slate.com) Ford ($F) is cutting F-150 Lightning production. (arstechnica.com) Offshore wind Offshore wind, at scale, is more complex (and costly) than previously thought.
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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!
Calculated Risk
DECEMBER 22, 2023
Today, in the Calculated Risk Real Estate Newsletter: New Home Sales decrease to 590,000 Annual Rate in November Brief excerpt: The Census Bureau reports New Home Sales in November were at a seasonally adjusted annual rate (SAAR) of 590 thousand. The previous three months were revised down. The next graph shows new home sales for 2022 and 2023 by month (Seasonally Adjusted Annual Rate).
Wealth Management
DECEMBER 19, 2023
A new JPMorgan report recommends a 25% position in alternative investments. Propmodo looks at progress in Opportunity Zone investments over the past six years. These are among today’s must reads from around the commercial real estate industry.
A Wealth of Common Sense
DECEMBER 19, 2023
The Nasdaq 100 is up more than 50% this year. The tech-heavy index is on pace for its first half-century performance since 2009. The Magnificent 7 stocks are a big reason for this year’s massive gains but it also helps that the Nasdaq crashed last year, falling more than 32%. In fact, if you look at the total returns since the start of 2022, it’s only slightly positive: It’s also true that large gains.
Abnormal Returns
DECEMBER 18, 2023
Markets The VIX is at its lowest level since the onset of the pandemic. (axios.com) Junky stocks have benefited greatly from the recent rally. (ft.com) Here are some more signs of market strength. (allstarcharts.com) Strategy The best thing you could have done in 2023 was to stick to your plan. (awealthofcommonsense.com) It was hard to lose money in 2023, but here are five ways it may have happened.
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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.
Trade Brains
DECEMBER 18, 2023
Top 5 Tax Havens In The World : Where most of us are already annoyed by the mere thought of paying income taxes, have you ever wondered how super-rich people avoid taxes legally? They park their money in tax-haven countries where it’s easy to evade taxes. What’s a Tax Haven? Tax haven have been known to have extremely low or zero taxes compared to what you’d pay in your own country.
Wealth Management
DECEMBER 22, 2023
The independent broker/dealers that tighten connections with their advisors and demonstrate flexibility in their affiliation models will be competitive in the year ahead.
The Irrelevant Investor
DECEMBER 16, 2023
This chart from Grant Hawkridge is a beautiful representation of how our stock market has functioned over the last century and then some. All-time highs are a part of the process, but they’ve been separated by brutal bear markets that can last years, even decades. This last point is one of many reasons why the latest “research” on why you should have a 100% stock portfolio is hilarious.
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