Sat.Sep 02, 2023 - Fri.Sep 08, 2023

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How Advisors Can Help (Not-So HNW) Clients Maximize Asset Protection By Assessing Strategies, Tools, And Education

Nerd's Eye View

Financial advisory clients are routinely concerned about lurking threats to their hard-earned wealth in the form of a large unforeseen judgment on a liability claim. While asset protection is a popular planning topic for High-Net-Worth (HNW) and ultra-high-net-worth clients, those who are not HNW are susceptible to the same threats to wealth. However, while some protection options come with a high cost (that might not be practical for non-HNW clients), asset protection can come in many forms, so

Education 246
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Nobody Knows Anything, John Wick edition

The Big Picture

 In 2016, I wrote about the novelist and screenwriter William Goldman, and his delightful book, “ Adventures in the Screen Trade.” He is the Academy award-winning scriptwriter who penned such classics as “Butch Cassidy and the Sundance Kid” (1969), “All the President’s Men” (1976), “Marathon Man” (1974), and the cult-favorite “The Princess Bride (1973).

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Personal finance links: long forgotten subscriptions

Abnormal Returns

Podcasts Khe Hy talks building long term wealth with Adam Katz. (podcasts.apple.com) Eric Newcomer talks with Rey Flemings, the CEO of the YC-backed startup Myria which serves the ultra-wealthy. (newcomer.co) Morgan Housel talks about the lifecycle of greed and fear. (open.spotify.com) Justin Peters talks with Jesse Cramer about the importance of getting a raise, especially early in your career.

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Only Tesla and Toyota Will Survive

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Nick Colas, and Downtown Josh Brown discuss Q2 earnings, Moore’s law, interest rates, the future of the automotive market, Steve Cohen, 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 els.

Marketing 169
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Live Demo: How to Achieve Reconciliation Zen

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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The Latest In Financial #AdvisorTech (September 2023)

Nerd's Eye View

Welcome to the September 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that WiserAdvisor, one of the longest-running lead generation services in the industry, has acquired IndyFin, a startup advisor rating platform that had aspired to be the 'Yelp for Advisors' – whi

Startup 245

More Trending

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Friday links: loss and setback

Abnormal Returns

Strategy Gold is ultimately a bet on global chaos. (morningstar.com) What investors get wrong about the 'Yale Model.' (capitalallocators.com) How much should a fund manager hold in their own strategy? (awealthofcommonsense.com) Retailing Why retail workers are quitting in record numbers. (bloomberg.com) Which helps explain the sorry state of stores.

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Clips From Today’s Halftime Report

The Reformed Broker

Wells Fargo cuts Disney’s price target to $110 from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Weekend Reading For Financial Planners (September 9-10)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the SEC this week issued a risk alert outlining how it selects firms to examine, the areas it focuses on during exams, and how it chooses which firm documents to request, details that could ultimately help firms be better prepared for their next exam and make it a shorter, less painful process!

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MiB: Jonathan Miller on Post-Pandemic Residential Real Estate

The Big Picture

    This week, we speak with Jonathan Miller, founder and CEO of Miller Samuel , a real estate appraisal & consulting firm founded in 1986. His weekly Housing Notes is widely read among the real estate community of appraisers and agents. We discuss the state of both commercial and residential real estate across the country, the environment for mortgage rates, New York City housing, and his favorite penthouse apartments.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

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Thursday links: margins of safety

Abnormal Returns

Strategy It's hard to overstate the impact of the big tech stocks on the U.S. stock market of late. (theirrelevantinvestor.com) Big tech stocks have their own valuation experience. (wisdomtree.com) Big Tech has messed with factor investors. (advisorperspectives.com) Finance Blackstone ($BX) was early on the AI trend. (institutionalinvestor.com) Should you buy what Softbank is selling, i.e.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Oracle, Zoom, Berkshire Hathaway & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Kitces & Carl Ep 120: Is It Really Harder To Scale A Small RIA Today Or Are Firms Just Navigating The Growth Treadmill

Nerd's Eye View

A recent McKinsey report surveying growth in the wealth management industry predicted that the struggles of small RIA firms would increase as larger firms continue to grow and overshadow the industry. again. Although the messaging that smaller RIAs must scale to survive has been offered many times before over the past few decades, many smaller lifestyle firms and solo RIA practices have thrived in their preference to stay small.

Clients 229
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10 Friday AM Reads

The Big Picture

My end-of-week morning train WFH reads: • How Blackstone Sprinted Ahead of Its Peers in AI : Eight years ago, Stephen Schwarzman decided to go all in on artificial intelligence — and never looked back. ( Institutional Investor ) • Autoworkers Have Good Reason to Demand a Big Raise : Their real wages have fallen 30% over the past two decades. But can the Detroit Three really afford to bring back the old days?

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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

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.

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Podcast links: finding happiness at work

Abnormal Returns

Spotify Spotify ($SPOT) is demonetizing white noise podcasts. (theverge.com) Spotify's ($SPOT) push into podcasts has been drama-filled. (wsj.com) The biz Ten million downloads is a lot for a finance channel. How 'The Compound' got there. (thereformedbroker.com) Sam Dogen talks the business of podcasts with Srini Rao of the Unmistakable Creative Podcast.

Economics 217
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The U.S. Housing Market vs. The Canadian Housing Market

A Wealth of Common Sense

Way back in 2017, I wrote about how bananas Canadian housing prices were. This was the chart I used at the time: Canada basically skipped the housing bust from the Great Financial Crisis. Well, things got even more bananas in the ensuing years. Here’s the updated version: Canadian housing prices can remain irrational longer than you can stay solvent or something like that.

Marketing 143
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#FA Success Ep 349: Building The Marketing System Around Your Advisor Content To Get Real Marketing Results, With Olivia Luper

Nerd's Eye View

Welcome back to the 349th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Olivia Luper. Olivia is the Founder of Lexicon Advisor Marketing, a virtual outsourced digital marketing company that specializes in working with financial advisors to generate a steady flow of prospects. What's unique about Olivia, though, is how she started out as a ghostwriter creating content for financial advisors and their blogs, but saw first-hand that great content alone doesn't ge

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RTO Gets Serious: October 1

The Big Picture

If ever a week was ripe for delaying your return to the office, it was this one. Hurricane Idalia cleared out the weather up and down the coast, bringing two weeks of clear blue skies and decent surfing (and dangerous rip tides). Then, a heat wave hit the East Coast, raising temperatures to the 90s in New York City. You could have continued your Endless Summer , working remotely in the AM, sneaking out for a few hours of mid-day beach fun, then returning home post-surf to respond to emails and o

Economy 130
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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

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.

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Sunday links: addressing existential challenges

Abnormal Returns

Strategy The math on the 60/40 portfolio looks a lot different than it did a year ago. (awealthofcommonsense.com) There is a difference between picking and choosing. (humbledollar.com) Companies Nvidia ($NVDA) has succeeded with a distributed workforce. (drorpoleg.com) How Amazon's ($AMZN) advertising business got so big. (humbledollar.com) Covid has worked its way through Instacart's business.

Math 218
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MBA: Mortgage Applications Decreased in Weekly Survey; Purchase Applications Lowest in 28 Years

Calculated Risk

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 2.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 1, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.9 percent on a seasonally adjusted basis from one week earlier.

Economy 133
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Should Your Investment Manager Have Skin in the Game?

A Wealth of Common Sense

A reader asks: My job is to run a concentrated 20 company portfolio (all listed companies, buy and hold, long term horizon etc.). I get a base salary and a bonus for performance. So a good amount of my annual earnings are tied to the performance of the companies I pick. I also have a small personal investment account. My question is around how I should think about investing this – should I use the fact that I spend.

Investing 134
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10 Wednesday AM Reads

The Big Picture

My mid-week morning train WFH reads: • How BYD snatched Tesla’s crown : BYD dominates the Chinese EV market. Now it’s coming for the world. ( Rest of World ) • The incredible American consumer : The biggest driver of the surprisingly resilient US economy has been the ability and willingness of Americans to shrug off the bad vibes and buy “everything that isn’t nailed down”, as Chris Rupkey puts it.

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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

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Tuesday links: higher rates as competition

Abnormal Returns

Rates How an inverted yield curve affects stock and bond market returns. (mrzepczynski.blogspot.com) Utility stocks are battling higher fixed income yields. (wsj.com) High real yields are hurting the Federal budget deficit. (axios.com) Strategy Dollar-cost averaging makes downturns less painful. (awealthofcommonsense.com) On the mismatch between our investment horizons and our actual behavior.

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Heavy Truck Sales Solid in August, Up 2% YoY

Calculated Risk

The BEA released their estimate of vehicle sales for August today. This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the August 2023 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019.

Sales 133
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Implications of Regime-Shifting Stock-Bond Correlation

Alpha Architect

The correlation between stocks and bonds should be a critical component of any asset allocation decision, as it impacts not only the overall risk of a diversified multi-asset class portfolio but also the risk premia one should expect to receive for taking risk in different asset classes. The problem for investors is that the correlation between stocks and bonds fluctuates extensively across time and economic regimes.

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Opto Investments Introduces Custom Funds Capabilities

Wealth Management

RIAs using the platform will be able to create white-label fund strategies including on private credit, equity, real estate, venture capital and infrastructure investments for high-net-worth and ultra-high-net-worth clients.

Investing 123
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Transforming Lending: Understanding the Power of Digital Platforms

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.

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Top clicks this week on Abnormal Returns

Abnormal Returns

Top clicks this week How (and where) to hold cash in your portfolio. (morningstar.com) Do you need commodities in your portfolio? (humbledollar.com) Why are mortgage rates so high? (awealthofcommonsense.com) Google ($GOOGL) has dominated seemingly forever. The cracks are showing. (theverge.com) The story of a portfolio manager holding onto Credit Suisse stock too long.

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Lawler: Single Family Rent Trends at AMH and Invitation Homes

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Lawler: Single Family Rent Trends at AMH and Invitation Homes A brief excerpt: This article from housing economist Tom Lawler reviews some of the data included in my article last week Asking Rents Down 1.2% Year-over-year and adds some additional data from AMH and Invitation Homes. Below is a table showing single-family rent trends at AMH (formerly American Homes 4 Rent) and Invitation Homes, two large institutional investors in SF rental hom

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bubbles and BUBBLES

The Irrelevant Investor

Technology moves the world forward. For the past decade, it’s done the same thing for the stock market. A lot of time was spent debating if the Fed drove these stocks higher with low interest rates. Another theory is that investors are just chasing returns. And yet another is that index funds are making the big stocks even bigger. Bits and pieces of these theories may be true, but the simplest and best explanation a.

Marketing 122