Nerd's Eye View

MARCH 20, 2023

When a prospect is looking for a financial advisor, understanding how much they will need to pay can often be a tricky proposition. In part, this is due to the many commission-based advisors whose compensation depends on the sale of insurance or investment products, where the price that a client pays is baked into the price of the product or is included in (often opaque) fees associated with buying, selling, and/or holding the investment.

Communication 238

Communication Planning Financial Planning Fee Only 238

The Big Picture

MARCH 22, 2023

Bank failures since 2001, scaled by amount of assets in 2023 dollars. The graphic above, via Flowing Data , puts recent events into perspective: At $209 billion in assets, the Silicon Valley Bank failure since Washington Mutual crashed in 2008 (JPM Chase took them over from the FDIC). The post U.S. Bank Failures, 2001 – Present appeared first on The Big Picture.

Banking 322

Banking Assets 322

The Reformed Broker

MARCH 18, 2023

And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. . The post This Week on TRB appeared first on The Reformed Broker.

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269

Abnormal Returns

MARCH 23, 2023

Books A Q&A with Jenny Odell author of "Saving Time: Discovering a Life Beyond the Clock." (wired.com) An excerpt from "Mixed Signals: How Incentives Really Work" by Uri Gneezy. (behavioralscientist.org) Technology What jobs are generative AI going to eliminate? (unchartedterritories.tomaspueyo.com) An awe inspiring visit to a state-of-the-art semiconductor fab.

Wealth Management 235

Wealth Management Numbers Management 235

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

MARCH 21, 2023

Welcome back to the 325th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Brenda Hiscock. Brenda is a financial planner with Objective Financial Partners, an advice-only advisory firm based in Ontario, Canada, that works with clients on project-based financial plans, and also offers outsourced paraplanning to other Canadian advisory firms.

Financial Advice 246

Financial Advice Insurance Financial Advisor Financial Planning 246

The Reformed Broker

MARCH 19, 2023

Dan McMurtrie crushed it on TCAF this week. In case you haven’t gotten to it yet, the whole video is embedded below. You can also listen to it if you’re on the go. At the 25 minute mark, he does this really great explanation of why shorting stocks is so hard, including the toll it can take on a trader’s mental health – even when they end up being right.

Marketing 242

Marketing Marketing 242

Abnormal Returns

MARCH 20, 2023

Podcasts Brendan Frazier talks with Deirdre Van Nest about communicating with clients in an emotionally-compelling way. (wiredplanning.com) Daniel Crosby talks with Emily Koochel about defining and seeking financial wellness. (standarddeviationspod.com) Banks The combined UBS-CS will be a money management giant. (barrons.com) The FDIC is planning to sell SVB Private separately from the rest of the bank.

Estate Planning 216

Estate Planning Retirement Communication Financial Planning 216

Nerd's Eye View

MARCH 22, 2023

Traditionally, when a person applied for individual life insurance, they would need to go through an extensive underwriting process that lasted several weeks (or months) and may have included personal and family health questionnaires, interviews, and/or physical examinations. Though this process was time-consuming and intrusive from the perspective of the person applying for insurance, it was considered a necessary evil in order for the insurance company to feel comfortable issuing the policy on

Insurance 222

Insurance Medical Financial Advisor Clients 222

The Big Picture

MARCH 18, 2023

This week, we speak with Cliff Asness , co-founder and managing partner at AQR Capital Management. The firm has ~$100 billion in assets under management. An active researcher, Asness contributes to numerous publications and has received a variety of accolades, including the James R. Vertin Award from CFA Institute in recognition of his lifetime contribution to research.

Retirement 295

Retirement Management Investing Investments 295

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Banking

Calculated Risk

MARCH 22, 2023

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture Billings Index (ABI) Slowdown Continues into February More architecture firms reported a decline in billings in February, indicating an extension of a recent downturn in design activity according to a new report released today from The American Institute of Architects (AIA).

Economy 144

Economy Investing Investments Planning 144

Abnormal Returns

MARCH 22, 2023

Markets Bond market volatility is at GFC-type levels. (axios.com) Chasing 'smooth returns' is a fool's errand. (capitalallocators.com) Crypto Does your portfolio have more crypto exposure than you think? (morningstar.com) Crypto hype has died down, but the environmental effect hasn't. (theatlantic.com) AI Google ($GOOGL) is opening up access to its ChatGPT competitor, Bard.

Financial Advising 214

Financial Advising Banking Media Portfolio 214

A Wealth of Common Sense

MARCH 21, 2023

John Marsden grew up in a wealthy family. He was a brilliant student who went to Harvard, graduated from law school and eventually fulfilled his dream of becoming a successful lawyer. John got married in his 30s and had children. Leo DeMarco also went to Harvard where he dreamed of becoming a famous writer. But after college he became a high school teacher and loved working with his students so much that his dream never c.

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The Big Picture

MARCH 18, 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 A to Z of economics : Economic terms, from “absolute advantage” to “zero-sum game”, explained to you in plain English. ( The Economist ) • The Incredible Tantrum Venture Capitalists Threw Over Silicon Valley Bank : Remind me why, exactly, these guys have so much control over technological innovation?

Banking 288

Banking Economics Education Management 288

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

MARCH 24, 2023

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released yesterday from Sabrina Speianu: Weekly Housing Trends View — Data Week Ending Mar 18, 2023 • Active inventory growth continued to climb with for-sale homes up 59% above one year ago. Inventories of for-sale homes rose, but at a slightly slower pace than last week’s gain, as new sellers on the market held back more.

Sales 142

Sales Numbers Marketing Marketing 142

Abnormal Returns

MARCH 19, 2023

Markets Ben Carlson, "History is chock-full of panics, crises, crashes, ups, downs and the unexpected." (awealthofcommonsense.com) Surprises shouldn't be surprising. (mrzepczynski.blogspot.com) Energy stocks are now struggling. (allstarcharts.com) Companies Growth in spending on SaaS services is slowing. (tomtunguz.com) Why Berkshire Hathaway's ($BRK.A) proxy statement is so short.

Financial Advising 212

Financial Advising Retail Media Economy 212

The Irrelevant Investor

MARCH 23, 2023

If you told me at the beginning of march that the following would happen: Silicon Valley Bank fails. So do Silvergate and Signature. Another, First Republic, is also on the ropes. The fed, treasury, and FDIC have to work together to prevent a run on regional banks. And then a week later, the fed would still hike by 25 basis points. Banks fail, fed hikes.

Banking 129

Banking 129

The Big Picture

MARCH 22, 2023

Note: We are off to California and Arizona for a few events; no Morning Reads for the next few days… My mid-week morning train plane reads: • How the Swiss ‘trinity’ forced UBS to save Credit Suisse : The takeover of its local rival could end up being a generational boon for UBS. But the government-orchestrated deal has angered many investors. ( Financial Times Alphaville ) • Why Job Reshoring Is Merely a Trickle : U.S. manufacturing can’t compete on cost, but it has a leg up in some areas

Risk Management 278

Risk Management Manufacturing Management Government 278

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

MARCH 23, 2023

The DOL reported : In the week ending March 18, the advance figure for seasonally adjusted initial claims was 191,000, a decrease of 1,000 from the previous week's unrevised level of 192,000. The 4-week moving average was 196,250, a decrease of 250 from the previous week's unrevised average of 196,500. emphasis added The following graph shows the 4-week moving average of weekly claims since 1971.

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Abnormal Returns

MARCH 22, 2023

Podcasts Morgan Housel talks about his top 30 rules of the money game. (open.spotify.com) Jeff Ptak and Christine Benz talk financial independence with Brad Barrett, co-founder of ChooseFI. (morningstar.com) Retirement Retirement is filled with all sorts of challenging decisions. (humbledollar.com) Stranded retirement accounts are a big problem. (nytimes.com) What goes into the decision about taking a lump sum pension payout.

Financial Planning 211

Financial Planning Retirement Media Planning 211

Advisor Perspectives

MARCH 22, 2023

Do advisors need to accept that technology will forever be a drag, or can the right approach lead to personal happiness and a more productive practice?

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The Big Picture

MARCH 20, 2023

My back to work morning train WFH reads: • Your NCAA Tournament Bracket Is a Business School in Disguise : What can you learn from the biggest upsets in college basketball? ( Wall Street Journal ) • What CEOs Are Getting Wrong About the Future of Work—and How to Make It Right : To build better companies, leaders need to experiment more, quit ‘living in fear of opening Pandora’s box,’ says Wharton management professor Adam Grant. ( Wall Street Journal ) see also Why Job Reshoring Is Merely a Tric

Banking 275

Banking Retail Manufacturing Management 275

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Accounting

Calculated Risk

MARCH 22, 2023

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey — Mortgage applications increased 3.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 17, 2023. The Market Composite Index, a measure of mortgage loan application volume, increased 3.0 percent on a seasonally adjusted basis from one week earlier.

Economy 130

Economy Banking Marketing Marketing 130

Abnormal Returns

MARCH 23, 2023

Strategy Why isn't the stock market going down? (theirrelevantinvestor.com) Bonds have had a rough five years. Things are different moving forward. (morningstar.com) Novel Investor, "Investors must make bets on imperfect information to earn sought-after long-run returns." (novelinvestor.com) Crypto Why is Bitcoin going higher? (newsletter.mollywhite.net) Coinbase ($COIN) is at-risk if the SEC forces it to delist coins it believes to be securities.

Financial Advising 191

Financial Advising Startup Banking Communication 191

Wealth Management

MARCH 23, 2023

Commercial real estate investors faced another Fed rate hike amid market volatility. Twitter is being sued for unpaid rent in Oakland, reported The Real Deal. These are among today’s must reads from around the commercial real estate industry.

Marketing 112

Marketing Marketing 112

The Big Picture

MARCH 21, 2023

Note: We are off to California and Arizona for a few events later this week; publishing will be spotty… Welcome to Spring! Start the new season with our Two-for-Tuesday morning train reads: • Are Banks OK? Where the sector stands after a turbulent week. ( Slate ) see also Déjà Vu? Why 2023 is Not 2008 : But that is incomparable to the 2008-09 era, where every financial institution had consumed CDOs, where toxic sub-prime loans were securitized into ticking time bombs.

Banking 275

Banking Investing Investments Management 275

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Banking

Calculated Risk

MARCH 20, 2023

From the MBA: Share of Mortgage Loans in Forbearance Decreases to 0.60% in February The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 4 basis points from 0.64% of servicers’ portfolio volume in the prior month to 0.60% as of February 28, 2023. According to MBA’s estimate, 300,000 homeowners are in forbearance plans.

Portfolio 118

Portfolio Government Planning Numbers 118

Abnormal Returns

MARCH 24, 2023

The biz NPR is cutting four podcasts from its roster. (npr.org) AI could soon replace, for good, the radio DJ. (axios.com) Podcast network Maximum Fun is becoming a worker-owned co-op. (techcrunch.com) AI Patrick O'Shaughnessy talks with Avi Goldfarb about the disruptive effects of AI. (joincolossus.com) Derek Thompson talks with Charlie Warzel on what ChatGPT-4 is capable of.

Banking 187

Banking Accounting Investing Investments 187

Wealth Management

MARCH 22, 2023

Worries mount about commercial real estate debt in the face of the challenges amid the banking sector. The AIA billings index slowed in February, indicating a downturn in design activity. These are among today’s must reads from around the commercial real estate industry.

Banking 110

Banking 110