Nerd's Eye View

JANUARY 29, 2024

For financial advisors, the promise of technology has always been to help advisors better leverage their time to grow their business. One possible way to do this is to use the time savings of technology to serve a higher number of clients. However, another approach advisors can take is to use their technology to do more – and better – work for the same number of clients while earning higher fees for the higher-value services they provide.

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Clients Planning Numbers Financial Advisor 202

Abnormal Returns

JANUARY 29, 2024

Private equity Dividend recaps are back on the table for private equity. (axios.com) When a company raises debt, and interest rates rise, trouble ensues. (adweek.com) The legal case for opening up private equity to the masses. (papers.ssrn.com) The private equity industry doesn't love academic research about its performance. (institutionalinvestor.com) Gambling Americans are going to the casino.

Financial Advising 264

Financial Advising Media 264

The Chicago Financial Planner

FEBRUARY 2, 2024

With the start of a new year, many people resolve to get their finances in order. A part of this process might include hiring a financial advisor or hiring a new financial advisor if you have decided to move on from your current advisor. Hiring the right advisor for your needs is critical. Here are six questions to ask when choosing a financial advisor: How do you get paid?

Financial Advisor 249

Financial Advisor Financial Planner Fee Only Clients 249

The Big Picture

FEBRUARY 2, 2024

This week, we speak with Tom Hancock, a partner at GMO LLC, where he is also head of the Focused Equity team. He manages the focused quality fund and its new Quality ETF, and is the portfolio manager for quality strategies. He previously served as co-head of the firm’s global equity team. Before joining GMO, he was a research scientist at Siemens and a software engineer at IBM.

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Portfolio Management Engineering Distribution Retail 152

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

JANUARY 31, 2024

In late 2019, Congress passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act, introducing several significant changes to retirement planning. Of the many provisions in the bill, the so-called "Death of the Stretch" arguably received the lion's share of consternation from the financial advisor community. Under the new law, non-spouse beneficiaries (with few exceptions) must now withdraw the entirety of an inherited IRA within 10 years of the account owner's passing rather

Financial Advisor 215

Financial Advisor Estate Planning Nonprofit Financial Planner 215

A Wealth of Common Sense

FEBRUARY 1, 2024

A reader asks: I work in the construction industry and I’m always trying to spread a little financial literacy to my coworkers. Whenever I see a young guy getting ready to drop $70k on a new pickup I try to show them what that money could become if they invested in index funds instead. I like to call it “sequence of spending risk” Of course this rarely works so I thought having the experts comment could.

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Investing Investments 128

The Big Picture

JANUARY 27, 2024

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • Why Walmart pays its truck drivers 6 figures : Walmart’s stores are bare-bones — but their truckers’ pay stubs aren’t. ( Freight Waves ) • How a Lucky Break Fueled Eli Lilly’s $600 Billion Weight-Loss Empire : The company’s new obesity shot, Zepbound, is expected to be the bestselling drug of all time. ( Businessweek ) • Welcome to 2034: What the world co

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Advertising Media Investment Advisor Food 141

Nerd's Eye View

FEBRUARY 2, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a Morningstar survey has found that financial advisory clients are more likely to stick with their advisor for emotional reasons rather than investment returns alone. Which suggests that building trusting relationships with their clients and giving them added confidence in their financial decision-making (rather than focusing on ways to juice investment returns) could be t

Financial Planner 207

Financial Planner Compliance CFP Clients 207

Abnormal Returns

FEBRUARY 2, 2024

The biz Apple ($AAPL) is adding auto-generated podcast transcripts in a forthcoming iOS update. (techcrunch.com) The Smartless guys just signed a $100 million deal with SiriuSXM ($SIRI). (variety.com) It sure sounds that behind the scenes podcasting pioneer Gimlet was a hot mess. (theverge.com) Business David Senra on lessons learned from Brad Jacobs' "How to Make a Few Billion Dollars.

Startup 239

Startup Portfolio Assets Investing 239

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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 Irrelevant Investor

FEBRUARY 1, 2024

Today’s Compound and Friends is brought to you by BlackRock: See here for more information on BlackRocks iShares Bitcoin Trust On today’s show, we discuss: New York Community Bancorp stock plunges 38%, reigniting fears for regional banks Mark Zuckerbergs reported $100M compound in Hawaii Listen here: Charts: Tweets: Worst Fed day for the stock market since March 2023 (and fourth-worst.

Banking 125

Banking Marketing Marketing 125

Alpha Architect

FEBRUARY 2, 2024

While the evidence makes clear that active management is a loser’s game (one that it is possible to win but so unlikely you should not try), we don’t want active managers to disappear. Hope should continue to triumph over evidence, wisdom, and experience because active managers help eliminate market anomalies and inefficiencies created by the misbehavior of investors (such as noise traders).

Investing 126

Investing Investments Management Marketing 126

Nerd's Eye View

JANUARY 30, 2024

Welcome back to the 370th episode of the Financial Advisor Success podcast ! My guest on today's podcast is Tim Goodwin. Tim is the founder of Goodwin Investment Advisory, an RIA based in Woodstock, Georgia, that oversees $275M in assets under management for 370 client households. What's unique about Tim, though, is how he leaned into Search Engine Optimization (SEO) – Google Reviews in particular – coupled with paid search ads to capture consumers actually searching for "financial a

Financial Advisor 191

Financial Advisor Clients Compliance Engineering 191

Abnormal Returns

FEBRUARY 1, 2024

January 2024 How major asset classes performed in January 2024. (capitalspectator.com) The S&P 500 was in positive territory for the month, in contrast with small and mid caps. (on.spdji.com) Strategy Overconfidence is a killer for investors. (collabfund.com) Four steps to build a no-fuss portfolio including eliminating redundant accounts. (morningstar.com) Bitcoin Will spot Bitcoin ETFs follow the path of gold ETFs?

Financial Advising 239

Financial Advising Taxes Manufacturing Media 239

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

FEBRUARY 2, 2024

From the BLS : Total nonfarm payroll employment rose by 353,000 in January, and the unemployment rate remained at 3.7 percent , the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, retail trade, and social assistance. Employment declined in the mining, quarrying, and oil and gas extraction industry.

Retail 120

Retail 120

Wealth Management

FEBRUARY 1, 2024

Private equity firm Charlesbank, which also owns a stake in Lido Advisors, will be a majority owner of the firm; the capital will be used to invest in Rise Growth's targeted RIAs.

Investing 119

Investing Investments 119

A Wealth of Common Sense

JANUARY 30, 2024

Some money stuff I’ve been thinking about lately: 1. Freedom is overrated as a financial goal. There are plenty of billionaires who can do whatever they want, whenever they want and spend as much money as they want. Many of these people still seem miserable or don’t take advantage of their perceived freedom. Financial contentment is a better goal than financial freedom. 2. ‘Money can’t buy happines.

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Abnormal Returns

JANUARY 28, 2024

Also on the site An example where investing out of spite doesn't work out. (abnormalreturns.com) Top clicks this week Putting the past bear market into historical perspective. (awealthofcommonsense.com) Wealthy Americans are increasingly leaving their windows uncovered. (msn.com) What you need to know about all-time highs. (carsongroup.com) Lessons learned from the two-year bear market.

Portfolio 237

Portfolio Investing Investments Marketing 237

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

JANUARY 31, 2024

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 26, 2024. Last week’s results included an adjustment to account for the MLK holiday.

Accounting 117

Accounting Marketing Marketing 117

Advisor Perspectives

FEBRUARY 2, 2024

Consumer sentiment soared in January to its highest level since July 2021, according to the final report for the Michigan Consumer Sentiment Index. The index came in at 79.0, up 9.3 (13.3%) from the December final. The latest reading was above the forecast of 78.8.

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Wealth Management

JANUARY 31, 2024

Over a matter of weeks, Mariner was hit with multiple lawsuits from rival advisory firms, including Edelman Financial Engines, Avantax and RWA Wealth Partners, claiming the firm's hyper-aggressive growth tactics step over the line. It may just be the new cost of doing business in a rapidly maturing RIA industry, some legal observers say.

Engineering 114

Engineering 114

Abnormal Returns

JANUARY 27, 2024

EVs EVs may have hit a bit of a bump in the road, but they are still the future. (wsj.com) Why Americans are opting for hybrids. (bonddad.blogspot.com) Looking at new EV? Think about leasing it. (wsj.com) Auto insurance Why car insurance premiums are soaring. (bloomberg.com) Auto insurance companies having no problem pushing through higher rates. (wsj.com) Nuclear Why uranium prices are surging.

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Insurance Financial Advising Commission Food 233

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Accounting

Calculated Risk

JANUARY 30, 2024

From the BLS: Job Openings and Labor Turnover Summary The number of job openings changed little at 9.0 million on the last business day of December , the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations were little changed at 5.6 million and 5.4 million, respectively. Within separations, quits (3.4 million) and layoffs and discharges (1.6 million) changed little. emphasis added The following graph shows job openings (black line), hires (da

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Numbers Economy Marketing Marketing 115

Alpha Architect

JANUARY 29, 2024

The paper aims to investigate whether experienced institutional portfolio managers (PMs) exhibit behavioral biases in their decision-making processes, specifically focusing on the selling decisions. The Smart Money Can Buy Stocks, but They Can’t Sell Them was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Portfolio Management 115

Portfolio Management Portfolio Management Government 115

Advisor Perspectives

JANUARY 31, 2024

The latest Chicago Purchasing Manager's Index (Chicago Business Barometer) fell to 46.0 in January from 47.2 in December. The latest reading is worse than the 48.0 forecast and keeps the index in contraction territory for a second straight month.

Management 111

Management 111

Abnormal Returns

JANUARY 29, 2024

Podcasts Brendan Frazier talks with Herman Brodie, co-author of "The Trust Mandate: The behavioral science behind how asset managers REALLY win and keep clients." (wiredplanning.com) Michael Kitces talks with Michelle Ogden, who is the founder of Ogden Wealth, about managing growth. (kitces.com) Daniel Crosby talks with Jon Dauphiné of the Foundation for Financial Planning about the value of pro bono planning.

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Financial Advising Financial Planning Risk Management Clients 210

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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

JANUARY 30, 2024

S&P/Case-Shiller released the monthly Home Price Indices for November ("November" is a 3-month average of September, October and November closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P S&P CoreLogic Case-Shiller Index Upward Trend Decelerates in November The S&P CoreLogic Case-Shiller U.S.

Assets 114

Assets Marketing Marketing 114

Wealth Management

JANUARY 31, 2024

Open, honest and candid discussion on Fidelity's deal with insurers, the DOL fiduciary rule, academics' criticism of the DC system, Franklin Templeton's integration of Putnam and more.

Insurance 111

Insurance 111

Trade Brains

JANUARY 29, 2024

Suzlon Energy vs SJVN: Switching to renewable energy sources is an urgent necessity. With a growing population, income, and needs, electricity demand is increasing by the day. Climate change is wreaking havoc on the world, and shifting away from reliance on coal and oil and towards renewable sources appears to be a better way forward. Some companies look to leverage this opportunity.

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Planning Government Accounting Transportation 111