Nerd's Eye View

MAY 2, 2023

What's unique about Jake, though, is how he’s been able to grow to over $550,000 of revenue in just 4 years since launching from scratch, and how he realized that because of how his rapid growth was going to impact future capacity and time constraints, he would need to hire employees sooner rather than later… and decided to hire an associate (..)

Financial Advisor 216

Financial Advisor Financial Planning Clients Planning 216

Abnormal Returns

DECEMBER 18, 2023

downtownjoshbrown.com) Companies It's hard to believe, but companies are already hiring for 2025 internships. wsj.com) Why we should give Ukraine frozen Russian assets now. (awealthofcommonsense.com) It was hard to lose money in 2023, but here are five ways it may have happened.

Financial Advising 232

Financial Advising Startup Media Government 232

Calculated Risk

DECEMBER 8, 2023

million jobs, and are now down 158 thousand jobs since February 2020. So, leisure and hospitality has now added back about 98% all of the jobs lost in March and April 2020. Construction employment increased 2 thousand and is now 425 thousand above the pre-pandemic level.

Retail 122

Retail Numbers Economics Manufacturing 122

Abnormal Returns

SEPTEMBER 2, 2022

Strategy Investors can now get non-zero yields on risk-free assets. theverge.com) The Apple ($AAPL) iPhone now has a majority of the U.S. ft.com) Now is the time to buy a used Peloton ($PTON) bike. calculatedriskblog.com) Companies are struggling to train the workers they have hired. smartphone market.

Startup 208

Startup Financial Advising Media Economy 208

Abnormal Returns

JULY 17, 2023

standarddeviationspod.com) Charles Schwab Charles Schwab ($SCHW) clients with $1 million in assets now are automatically enrolled in one of its private wealth management programs. financial-planning.com) Clients have a tendency to hire the first adviser they meet. riabiz.com) Should advisers care about Schwab's expanded HNW services?

Wealth Management 216

Wealth Management Compliance Engineering Clients 216

Calculated Risk

NOVEMBER 3, 2023

million jobs, and are now down 223 thousand jobs since February 2020. So, leisure and hospitality has now added back about 97% all of the jobs lost in March and April 2020. Construction employment increased 23 thousand and is now 425 thousand above the pre-pandemic level.

Retail 131

Retail Numbers Economics Manufacturing 131

Abnormal Returns

MAY 1, 2023

blockworks.co) Banks JP Morgan Chase ($JPM) is now the owner of First Republic. cnbc.com) The banking industry's 'crisis phase' may be over for now. every.to) How hiring a 'superstar' is different. (twitter.com) Crypto Gary Gensler's SEC has been busy. investmentnews.com) Bitcoin transaction volume is on the rise.

Financial Advising 200

Financial Advising Startup Banking Manufacturing 200

Calculated Risk

JANUARY 6, 2023

million jobs, and are now down 932 thousand jobs since February 2020. So, leisure and hospitality has now added back about 89% all of the jobs lost in March and April 2020. Construction employment increased 28 thousand and is now 153 thousand above the pre-pandemic level. However, seasonal retail hiring was down in 2022.

Retail 145

Retail Numbers Economics Manufacturing 145

Abnormal Returns

AUGUST 22, 2023

whatsimportant.substack.com) Belarus is now complicit in holding Ukrainian children. pro.morningconsult.com) A compensation correction has come for entry level hires. (investmentnews.com) GMO is filing for its first ETF. etf.com) Global The UK pound is off its lows. abnormalreturns.com) What you missed in our Monday linkfest.

Financial Advising 217

Financial Advising Valuation Retail Media 217

Abnormal Returns

OCTOBER 2, 2023

financial-planning.com) Future Proof Future Proof is now a mainstay of the advisor conference circuit. thinkadvisor.com) When hiring high profile hip hop artists backfires. (wealthmanagement.com) The tension in wealthtech: bundling. vs. unbundling. investmentnews.com) Breakthru was a welcome addition to Future Proof 2023.

Wealth Management 205

Wealth Management Startup Retirement Engineering 205

Nerd's Eye View

DECEMBER 5, 2023

billion of AUM (and is now increasing the firm's marketing budget and hiring a dedicated marketing professional to help further expand his firm's reach). billion of AUM (and is now increasing the firm's marketing budget and hiring a dedicated marketing professional to help further expand his firm's reach).

Compensation Planning 185

Compensation Planning Planning Financial Advisor Clients 185

Calculated Risk

NOVEMBER 4, 2022

million jobs, and are now down 1.1 So, leisure and hospitality has now added back about 87% all of the jobs lost in March and April 2020. Construction employment increased 1 thousand and is now 97 thousand above the pre-pandemic level. Manufacturing added 32 thousand jobs and is now 137 thousand above the pre-pandemic level.

Retail 141

Retail Numbers Economics Manufacturing 141

Abnormal Returns

AUGUST 7, 2023

riabiz.com) Betterment's success is now built on its reach with advisers. wsj.com) A roadmap for solo RIAs in making their first hire. kitces.com) Why philanthropists should focus on giving now, not in the future. (citywire.com) Fidelity, and other custodians, have a lot of data that could be useful for training AI models.

Financial Advising 130

Financial Advising Valuation Communication Clients 130

Abnormal Returns

APRIL 12, 2023

vox.com) Finance HSBC is hiring a slew of SVB bankers. bloomberg.com) Russia Not content with stealing grain, Russian forces are now cutting timber. (ft.com) Microsoft ($MSFT) fans are having a moment. ft.com) Private equity is still pouring into the RIA space. citywire.com) Here's one SPAC deal that turned out well for shareholders.

Financial Advising 224

Financial Advising Media Economy Numbers 224

Calculated Risk

DECEMBER 2, 2022

million jobs, and are now down 980 thousand jobs since February 2020. So, leisure and hospitality has now added back about 88% all of the jobs lost in March and April 2020. Construction employment increased 20 thousand and is now 126 thousand above the pre-pandemic level. This was seasonally adjusted (SA) to a loss of 29.9

Retail 128

Retail Numbers Economics Manufacturing 128

Nerd's Eye View

NOVEMBER 29, 2022

In this episode, we talk in-depth about how, even though it is admittedly more time consuming for her firm, Anh conducts extensive due diligence and analysis to integrate structured notes into her client portfolios and ladders them on a rolling quarterly basis so that clients can continuously reinvest at then-current rates and features, why Anh decided (..)

Estate Planning 232

Estate Planning Financial Advisor Financial Services Clients 232

The Big Picture

FEBRUARY 13, 2023

New York Times ) see also Is the economy kind of good now? Business Owners Pay Premium to Hire Migrant Workers in Extremely Tight Labor Market : Employers, struggling to fill hourly wage jobs in construction, restaurants and other services, are offering higher pay and better working conditions to people coming to the U.S. Vox ) • U.S.

Economy 274

Economy Management Investing Investments 274

Abnormal Returns

APRIL 18, 2023

bloomberg.com) Work McKinsey and Bain are pushing back start dates for MBA hires. ritholtz.com) Some businesses are now taking attendance. (axios.com) India has it's own for-profit college problem. wsj.com) Where will return to the office top out? wsj.com) Economy New home sales have seemingly bottomed. bonddad.blogspot.com) U.S.

Financial Advising 187

Financial Advising Taxes Media Economy 187

Nerd's Eye View

OCTOBER 17, 2023

In this episode, we talk in-depth about how, after realizing that his 401(k) plan participants were not being advised after they retired (and were being poached by brokers and agents trying to sell them on high-commission annuities), Brad decided to expand his business into wealth management so that he could offer advice to his mass affluent clientele (..)

Financial Planning 130

Financial Planning Planning Wealth Management Retirement Planning 130

The Big Picture

OCTOBER 28, 2022

Sure, November at 75 bps seems like a lock, but now December is in play, and hopes are it’s more like 50bps — and then done. But the better-than-expected (read lower) cost of hiring people seems to have awakened the animal spirits in markets. ECI was a relief.

Planning 279

Planning Marketing Marketing Investing 279

The Big Picture

MARCH 13, 2024

First, the rate hiking cycle, and now, quote unquote, the inevitable rate cuts. And the answer is they matter more now than they have, say, over the last 15 years for a very simple reason. Well, in 2024, now money market fund is yielding 5. Now, I’m fond of saying the term two things could be true at once.

Numbers 280

Numbers Insurance Economy Marketing 280

The Big Picture

JANUARY 27, 2023

Now, the Purge. The spate of layoffs is a reaction to a hiring wave during the pandemic that got out of hand. Time doesn’t always equal money. Then, they die ( Pluralistic ) • Big Tech Binged on Workers During Covid. But will it be an overreaction? The Big Picture ) • Did the Music Business Just Kill the Vinyl Revival?

Engineering 258

Engineering Medicine Sales Economics 258

Nerd's Eye View

JULY 12, 2022

We also talk about why Kamila intentionally shifted her career focus to build an independent practice after years of working with clients and realizing how few looked like her, how despite working hard, Kamila was frustrated she was not receiving the recognition and compensation she felt she deserved and ultimately decided to follow the advice she (..)

Financial Advisor 246

Financial Advisor CFP Clients Financial Planning 246

Abnormal Returns

DECEMBER 9, 2023

wsj.com) Chinese EV manufacturers can't hire fast enough. utility-scale wind farm is now online. huddleup.substack.com) A lot of golf is now played off-premise, like TopGolf. (ritholtz.com) Why repairing an EV is so expensive compared to a traditional vehicle. nytimes.com) Autos Hybrids are having a moment.

Medicine 236

Medicine Food Manufacturing Financial Advising 236

Integrity Financial Planning

MAY 12, 2023

We’ll also cover the pros and cons of hiring help through an agency and doing it yourself. 3] There are generally two options when it comes to home care: you can find a caregiver through an agency, or you can hire someone yourself. 5] Now what? 5] Now what? The most important thing to understand is the basics.

Medical 93

Medical Financial Guidance Financial Planning Insurance 93

Abnormal Returns

NOVEMBER 11, 2022

Strategy Now is the time to clear out all your bad trades before the new bull market gears up. theblock.co) Companies Tech companies are still paying up to hire engineering talent. neckar.substack.com) The best asset allocation is one you can stick with. awealthofcommonsense.com) FTX FTX has filed for bankruptcy.

Asset Allocation 191

Asset Allocation Financial Advising Media Engineering 191

The Big Picture

APRIL 18, 2023

It feels like I’ve hired an intern.” What used to take me around a half-hour to write now takes one minute.” The economic evidence paints a very different picture. Washington Post ) • Rumours of China’s economic demise may be greatly exaggerated : From ‘miracle to malady’ — but how bad is it really? In other words, Twitter Inc.

Engineering 271

Engineering Economics Economy Taxes 271

Nerd's Eye View

MARCH 7, 2023

What's unique about Yonhee, though, is how, through her nearly 4 decades with JMG Financial Group, Yonhee has been a part of not only the firm’s succession plan to its second generation of owners but now to its third generation of leaders… and along the way, has personally recruited, trained, and retained the majority of the firm’s (..)

Financial Advisor 130

Financial Advisor Recruitment Clients Financial Services 130

The Big Picture

NOVEMBER 21, 2023

Surprisingly, it has nothing to do with inflation — even if it may sometimes feel these days like an item that used to cost $20 now costs $50. ( Now Sell It. It’s not why you think : Last year, the government printed 756,096,000 of those bills — the highest total of the denomination printed in one year in more than 40 years.

Startup 246

Startup Commission Media Government 246

The Big Picture

NOVEMBER 9, 2023

The already fraught process now faces even more challenges. Vox ) see also Right Now Is a Bad Time to Spend Money : With prices and interest rates high, this is a moment to focus on saving. Wall Street Journal ) • The problem isn’t inflation. It’s prices. What goes up may not come down. Like, ever. ( There is a process.

Distribution 130

Distribution Assets Economy Management 130

Nerd's Eye View

APRIL 21, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that in a settlement with the SEC, robo-advisor platform Betterment agreed to pay a $9 million penalty for allegedly misstating the frequency that its automated tax-loss harvesting system was scanning some client accounts between (..)

Financial Planner 187

Financial Planner Advertising Taxes Clients 187

Nerd's Eye View

JULY 18, 2022

Insurance companies and broker-dealers in the business of manufacturing products and hiring advisors to sell them often dominate career fairs and job boards, frequently drawing in graduates of CFP Board-approved education programs.

CFP 195

CFP Recruitment Sales Certification 195

The Big Picture

JUNE 2, 2023

People are now paying millions. AP ) • How to Hire a Pop Star for Your Private Party : For the very rich, even the world’s biggest performers—Beyoncé, Drake, Jennifer Lopez, Andrea Bocelli—are available, at a price. ( These are handmade, low-digit numeric license plates. Over the past six years, the market has gone into overdrive.

License 271

License Education Banking Planning 271

Calculated Risk

MARCH 7, 2024

We believe fewer end-of-year layoffs produced last month’s temporary spike, and with the seasonal layoff period now behind us, we assume a return towards a more normal pace of job gains. ISM Surveys: Note that the ISM services are diffusion indexes based on the number of firms hiring (not the number of hires). last month.

Manufacturing 64

Manufacturing Numbers 64

Nerd's Eye View

OCTOBER 24, 2023

In this episode, we talk in-depth about how, despite some false starts and initially problematic underpricing, Sarah-Catherine intentionally built her financial planning fee to transparently communicate her value and the work she does as a financial advisor while also pricing within a range for her originally accidental (but now fully embraced) niche (..)

Financial Advisor 186

Financial Advisor Financial Planning Planning Fee Only 186

Abnormal Returns

SEPTEMBER 30, 2022

thinkadvisor.com) The Hipgnosis Songs Fund is now trading at a discount to NAV. bonddad.blogspot.com) Small employers are getting creative to hire new workers. (investmentnews.com) Add muni bond ETFs to the near-0% expense ratio club. ft.com) Economy Weekly initial unemployment claims continue to trend lower.

Financial Advising 130

Financial Advising Startup Media Economy 130

Sara Grillo

MARCH 6, 2024

You know, I can tell you, like, we hired. We hired a. We hired a kid. We hired this kid. Your sound of, like an old man now. I got some salt inside my beard now. Old until you realized that the music that you liked when you were in high school and middle school is now, like, oldie stuff. And you are.

Clients 52

Clients Communication Financial Advisor Marketing 52