The Big Picture

FEBRUARY 8, 2024

Since inception, Greenlight has generated about 13% annually, and ~290o% total return versus the S&P500’s 1117% total and 9.5% In our wide-ranging discussion, Einhorn stated that “Market structures are broken and value investing is dead.”  This week, we speak with David Einhorn. president of Greenlight Capital.

Banking 193

Banking Investing Investments Marketing 193

The Big Picture

APRIL 11, 2024

Costs continued to fall: Over the next 25 years, commissions would fall from about 1.0% A favorite exercise is to go back to first principles to consider how we got to where we are. That is a favorite way to find fresh insights). On the equity side, you have to go back a century or so. The exceptions? Trading volumes increased dramatically.

Commission 350

Commission Taxes Management Electronics 350

Nerd's Eye View

SEPTEMBER 4, 2023

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!

Startup 219

Startup Financial Advisor Clients Financial Planning 219

Abnormal Returns

FEBRUARY 2, 2024

The biz Apple ($AAPL) is adding auto-generated podcast transcripts in a forthcoming iOS update. theverge.com) Business David Senra on lessons learned from Brad Jacobs' "How to Make a Few Billion Dollars." (joincolossus.com) David Perell talks with Chris Dixon author of "Read Write Own: Building the Next Era of the Internet."

Startup 251

Startup Portfolio Assets Investing 251

Abnormal Returns

AUGUST 8, 2023

Strategy Don't make your investments based on who is in the White House. morningstar.com) Semiconductors Arm Holdings is planning investments from Apple, Samsung and Intel on its IPO. abnormalreturns.com) Adviser links: next generation investors. retirementresearcher.com) When do dividend-focused strategies outperform?

Financial Advising 217

Financial Advising Media Insurance Economy 217

Abnormal Returns

AUGUST 7, 2023

ft.com) ESG investing is shifting toward indexing not activism. economist.com) Earlier on Abnormal Returns Adviser links: next generation investors. Crypto PayPal ($PYPL) has launched its own stablecoin. theverge.com) Five questions about the PayPal stablecoin. theinformation.com) Uber ($UBER) seems to have threaded the needle.

Financial Advising 228

Financial Advising Manufacturing Media Economy 228

Nerd's Eye View

JULY 10, 2023

At the same time, the business strategies that worked for the original owner might not be suitable or as successful for their successor, which can force the 2nd-generation owner to take a different path to ensure the firm thrives into the future.

Financial Planning 229

Financial Planning Retirement Planning Clients 229

The Big Picture

DECEMBER 16, 2023

This week, we speak with Michael Rockefeller , Co-Chief Investment Officer and co-founder of Woodline Partners. The hedge fund implements a market-neutral equity strategy, focused on generating “idiosyncratic alpha” and “avoiding systemic risk factors.” They now manage $7 billion in assets.

Portfolio Management 164

Portfolio Management Portfolio Assets Management 164

The Big Picture

JANUARY 19, 2023

Times , Investment News , Financial Planning , RIA Biz , Think Advisor , Business Insider ; Afterward, I told you the traditional financial conference was kaput. This is the next generation of the wealth management industry, and they want to stay ahead of the curve. The reviews were fabulous: Morningstar , L.A.

Wealth Management 310

Wealth Management Financial Planning Clients Planning 310

The Big Picture

DECEMBER 9, 2023

 This week, we speak with investing legend Joel Tillinghast. He has been a mutual fund manager in the equity division at Fidelity Investments since the 1980s. He observes that when you make investing mistakes, “ You’ve got to be cruel to yourself so you don’t do it again.”

Management 187

Management Portfolio Management Investing Investments 187

The Big Picture

AUGUST 8, 2023

The head of the powerful New York Fed said that it was an “open question,” and that rates could fall next year. ( have generated negative alpha of approximately 1.2 have generated negative alpha of approximately 1.2 The head of the powerful New York Fed said that it was an “open question,” and that rates could fall next year. (

Economy 244

Economy Financial Advisor Investing Investments 244

Abnormal Returns

FEBRUARY 23, 2023

wsj.com) Why you are unlikely to profit off the next big thematic investment theme. wsj.com) Generative AI may be well-suited for writing legal briefs. abnormalreturns.com) The 2023 Credit Suisse Global Investment Returns Yearbook is here! Markets Higher for longer, has put pressure on bond yields in February.

Financial Advising 217

Financial Advising Media Retirement Economy 217

The Big Picture

APRIL 27, 2024

Vox ) • Tesla Is Not the Next Ford. It’s the Next Con Ed. The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • We might be closer to changing course on climate change than we realized : Greenhouse gas emissions might have already peaked. Now It Must Remake Itself.

Banking 173

Banking Sales Investing Investments 173

Nerd's Eye View

FEBRUARY 23, 2024

Which suggests that instead of trying to go head-to-head with these larger firms (and their heftier marketing budgets) in attracting clients, smaller firms might instead demonstrate how they are 'different' by offering a unique service offering tailored to their ideal target clients.

Financial Planner 194

Financial Planner Certification CFP Financial Advice 194

The Big Picture

APRIL 11, 2023

Wall Street Journal ) see also Take ‘Potential Winners’ With a Grain of Salt : Investment fads are nothing new, as the Salton Sea’s mid-century boom-turned-bust shows—a timeless lesson. Bloomberg ) • Meet the Return-to-Office Whisperers : A niche group of consultants is trying to get you back to the office. It’s not going too well. (

Valuation 246

Valuation Consulting Investing Investments 246

The Big Picture

MAY 6, 2023

The Atlantic ) • Smaller, cheaper, safer: The next generation of nuclear power, explained : The nuclear industry’s big bet on going small ( N+1 ) • The secretary who helped uncover one of America’s strangest Ponzi schemes : Carpet cleaning, reputed mobsters, and a woman who refused to be fleeced. ( The weekend is here! Tapes Is Over.

Wealth Management 303

Wealth Management Engineering Assets Management 303

The Big Picture

SEPTEMBER 1, 2023

Wall Street Journal ) • Little evidence that a spot bitcoin ETF would expand the market : BlackRock’s application and Grayscale’s court victory stirred the crypto world, but such investment vehicles look very vanilla. ( Generative AI tools are generating less interest than just a few months ago. ( Hey, it’s September!

Strategic Planning 130

Strategic Planning Consulting Investing Investments 130

The Big Picture

APRIL 17, 2023

Morningstar ) see also People Are Investing in Bonds Again—Once They Figure Them Out : After years of low returns, bonds are paying real money again. Morningstar ) see also People Are Investing in Bonds Again—Once They Figure Them Out : After years of low returns, bonds are paying real money again. from the burial economy.

Management 281

Management Assets Taxes Investing 281

The Big Picture

JUNE 23, 2023

Every dollar available for auditing taxpayers generates many times that amount for government coffers — and the rate of return is especially astonishing for audits of the wealthiest Americans, according to new research. Silver, a former professional poker player, was in the business of measuring probabilities. Way more than we thought.

Media 270

Media Government Economics Planning 270

Nerd's Eye View

FEBRUARY 6, 2024

Welcome everyone! Welcome to the 371st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is David Savir. David is the Co-Founder and CEO of Element Pointe Family Office, a Fee-Only RIA based in Miami, Florida that oversees almost $1.6 billion in assets under advisement for 50 client households.

Financial Advisor 130

Financial Advisor Clients Fee Only Planning 130

The Big Picture

JANUARY 26, 2024

This week, we speak with Sarah Kirshbaum Levy , chief executive officer of Betterment , an independent digital investment adviser with $40 billion in assets under management. She wants Betterment to be the Millenial and Gen Z brand in wealth management the same way Schwab and Fidelity were to her parent’s generation.

Wealth Management 164

Wealth Management Media Portfolio Management Retail 164

The Big Picture

SEPTEMBER 22, 2022

The data always has some interesting findings about how the very wealthy are investing, consuming, and otherwise spending their time and money. and +19.9%), but an the biggest surprise was the generational gains by Millennials and Gen X: They grew their wealth most between 2019 and 2022 dramatically: Most ultra-high-net-worth individuals.

Distribution 327

Distribution Numbers Media Investing 327

Abnormal Returns

JUNE 5, 2023

thinkadvisor.com) Fidelity Institutional’s alternative investments platform continues to garner assets. institutionalinvestor.com) Practice management Mistakes advisers make when hiring next generation advisers. institutionalinvestor.com) Practice management Mistakes advisers make when hiring next generation advisers.

Financial Advice 130

Financial Advice Financial Planning Retirement Portfolio 130

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. A Wealth of Common Sense ) • What is a Bailout?

Risk Management 284

Risk Management Manufacturing Management Government 284

The Big Picture

OCTOBER 20, 2023

6 million square feet of new office space will hit the market in the next few years — equivalent to 105 football fields. But no one is moving in. Between spaces completed since 2020 and what’s still in the pipeline, the office market will grow nearly 25 percent — the fastest rate on the continent. Now it’s coming for the world.

Startup 259

Startup Insurance Sales Marketing 259

The Big Picture

DECEMBER 9, 2022

Secretive Gulf Family’s $300 Billion Fortune Is About More Than Oil : The Al Nahyan family owns Manchester City Football Club, a dozen or so palaces and invested big in SpaceX and Savage X Fenty. Big banks still pay next to nothing on savings, but their customers aren’t yet moving much money to higher-yielding alternatives.

Media 271

Media Banking Portfolio Investing 271

MarketWatch

JUNE 26, 2023

Cathie Wood’s ARK Investment scooped up 18,583 shares of Advanced Micro Devices Inc. TSM, with 4,117 added to the Autonomous Technology & Robotics ETF and the rest added to the ARK Next Generation Internet ETF ARKW. AMD shares Monday, a chunk of stock valued at about $2 million based on the day’s closing price of $107.51.

Manufacturing 98

Manufacturing Investing Investments Marketing 98

Abnormal Returns

APRIL 2, 2023

Strategy Your investment strategy needs to work in all markets. tker.co) You can expect the Case-Shiller housing numbers to turn negative year-over-year in the next few months. awealthofcommonsense.com) How to dole out risk in your portfolio. humbledollar.com) AI is going to change just about every industry.

Financial Advising 187

Financial Advising Banking Economy Insurance 187

Nerd's Eye View

DECEMBER 25, 2023

Each week in Weekend Reading For Financial Planners, we seek to bring you synopses and commentaries on 12 articles covering news for financial advisors including topics covering technical planning, practice management, advisor marketing, career development, and more.

Financial Advisor 200

Financial Advisor Financial Planner Insurance Clients 200

Clever Girl Finance

APRIL 10, 2024

And most importantly, how can you generate either or both? This essentially means, you’ve actively participated in generating this income. Whether we work a job, run a business, freelancing, or consult, we can generally count on receiving a consistent paycheck or payment for our work. Keep reading to learn more!

Taxes 75

Taxes Education Assets Investing 75

Steve Sanduski

OCTOBER 24, 2023

the Founder and President of Concurrent Financial Planning , a comprehensive financial planning firm serving households and business owners across generations. To close that gap, advisors may need to start quantifying their relationships to clients so that they can track, measure, and manage more than just return on investment.

Clients 81

Clients Financial Planning CFP Planning 81

Nerd's Eye View

NOVEMBER 14, 2023

Eric is the Chief Financial Advisor and Co-Owner of Econologics Financial Advisors, an independent RIA based in Largo, Florida, that generates more than $4M of revenue while working with nearly 300 client households. Welcome back to the 359th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Eric Miller.

Financial Planning 184

Financial Planning Clients Planning Financial Advisor 184

Truemind Capital

MAY 3, 2024

The retirement problem en-mass will show over the next decade. The exercise will also help you prioritize your goals, the health of your current finances, understand if you are making sufficient savings & investing properly to be able to achieve your goals – Constantly upskill yourself in different areas.

Retirement Planning 52

Retirement Planning Retirement Planning Education 52

The Big Picture

APRIL 19, 2023

My mid-week morning train WFH reads: • The Myth of the Broke Millennial : After a rough start, the generation is thriving. The Ringer ) Be sure to check out our Masters in Business next week with Joe Baratta , Global Head of Private Equity at PE giant Blackstone. Why doesn’t it feel that way? ( Blame climate change. Thanks, Elon.

Taxes 265

Taxes Assets Management Marketing 265

Abnormal Returns

NOVEMBER 21, 2022

wiredplanning.com) Douglas Blake, Managing Director of Investment Services at Kingswood U.S., wiredplanning.com) Douglas Blake, Managing Director of Investment Services at Kingswood U.S., wsj.com) Advisers How to recruit, train and retain next generation advisers. unit debt-free in 2023. thinkadvisor.com).

Asset Allocation 144

Asset Allocation Financial Planner Recruitment Financial Advising 144

Nerd's Eye View

MARCH 12, 2024

Welcome back to the 376th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Eric Simonson. Eric is the Founder & CEO of Abundo Wealth, an Advice-Only RIA based in Minneapolis, Minnesota, that oversees $600M in assets under advisement for 420 client households.

Clients 130

Clients Financial Advisor Financial Planning Media 130

The Big Picture

JULY 27, 2023

Morningstar ) • How to Invest Like the 1% : In 1989, the top 1% of households in the United States controlled a little less than 23% of the wealth in this country. My morning train reads: • Commercial Real Estate Is in Trouble, but Not for the Reason You Think : As far as weak spots go, there are reasons for concern. Nor should we want it to.

Food 243

Food Economy Banking Numbers 243