Nerd's Eye View

OCTOBER 6, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent survey found that clients across several countries who work with a CFP professional have better outcomes on a range of measures compared to those working with other advisors or no advisor at all, suggesting that the (..)

Financial Planner 243

Financial Planner CFP Certification Communication 243

Abnormal Returns

MARCH 24, 2024

economist.com) We should start to see more innovation when it comes to commissions. Markets Are index funds propping up the stock market? awealthofcommonsense.com) What is the end game for Michael Saylor, Microstrategy ($MSTR) and Bitcoin? wsj.com) Are ETFs the best solution for every strategy? Then check out our weekly e-mail newsletter.

Commission 284

Commission Financial Advising Medical Insurance 284

Abnormal Returns

APRIL 10, 2024

morningstar.com) Dan Haylett talks with Eric Brotman, who is the founder and CEO of BFG Financial Advisors, about retirement as 'graduation.' etf.com) We spend money for any number of reasons including 'To honor earlier generations.' humansvsretirement.com) Estate planning Why you should update your estate plans periodically.

Estate Planning 230

Estate Planning Retirement Planning Retirement Taxes 230

The Big Picture

MAY 3, 2023

They said it in Fed minutes, they said it in pressers, they said it in speeches; we just took them figuratively, not literally. Today we find out if the belated, rapid rise from zero to 5%, breakage be damned, was sufficient. The truth is we simply don’t know. Jerome Powell & Co.

Economy 353

Economy 353

The Big Picture

MARCH 16, 2023

Those of you who sweated through the great financial crisis – even if you were short Lehman Brothers and AIG – experienced some déjà vu this past weekend. How many of you thought, “ Here we go again. ”? But from what we have learned so far, the differences seem far more significant than the similarities. What don’t we know?

Banking 335

Banking Accounting Insurance Management 335

Nerd's Eye View

SEPTEMBER 15, 2023

Further, the survey results suggest that advisors who offer comprehensive services tailored to the needs of their target clients are likely to be more successful both retaining their current clients and in attracting clients who might be dissatisfied with their current advisor and their service offering.

Financial Planner 226

Financial Planner Retirement Retirement Planning Advertising 226

Nerd's Eye View

APRIL 1, 2024

Welcome to the April 2024 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!

Estate Planning 180

Estate Planning Financial Advisor Startup Clients 180

The Big Picture

FEBRUARY 14, 2024

I’m Barry Ritholtz, and on today’s edition of At the Money, we’re gonna discuss whether war and inflation 20 somehow adds up to higher portfolio prices. So let’s start with your dad, Yale Hirsch, who founded the Stock Traders Almanac 60 years ago. We had been coming down for a few years. Since ‘66].

Marketing 303

Marketing Marketing Government Numbers 303

The Chicago Financial Planner

FEBRUARY 2, 2024

When selecting a financial advisor, ask yourself whether you feel that a financial advisor who receives a significant portion of their compensation from the sale of financial products can really be counted on to recommend solutions that are in your best interest. Are we the exception or the norm for you? Where will my money be housed?

Financial Advisor 249

Financial Advisor Financial Planner Fee Only Clients 249

The Big Picture

JULY 7, 2023

1 I have described the inspiration for the show as “ an audio version of Market Wizards ” but the actual pitch to Bloomberg was “Mark Maron’s WTF meets Charlie Rose” (that was before we knew about his, um, behavior). Finding out who the guest really was, and how they got that way: “ Who were their mentors? Thanks for listening.

Engineering 322

Engineering Media Management Investing 322

Abnormal Returns

DECEMBER 20, 2023

whitecoatinvestor.com) Khe Hy talks with Joe Hudson about why we worry about money. humbledollar.com) Family 11 money questions to ask before moving in with someone including 'If we share a household, do we want to share money?' savantwealth.com) The IRS is extending an olive branch to taxpayers who owe money from 2020-2021.

Retirement 277

Retirement Portfolio Taxes Accounting 277

Abnormal Returns

JANUARY 27, 2024

wsj.com) Danny Crichton and Sam Arbesman talk with Zach Weinersmith co-author of “A City On Mars” why we won't be living on Mars any time soon. arstechnica.com) Behavior Why (and when) we feel awe. npr.org) A new study found no cases of cervical cancer in young women who were fully vaccinated for HPV, at age 12 or 13.

Insurance 256

Insurance Financial Advising Commission Food 256

Abnormal Returns

APRIL 7, 2024

awealthofcommonsense.com) Who says bull markets can't be stressful? seths.blog) How we work with AI will change over time. Strategy Ben Carlson "Constantly predicting the end times might help you gain subscribers but it doesn’t help people make money." tker.co) Things that are obvious, often aren't. It's all about politics.

Startup 257

Startup Financial Advising Healthcare Economics 257

The Big Picture

FEBRUARY 21, 2024

We’re co-conspirators in self-deception and this prevents us from having accurate self-knowledge. Transcript: David Dunning The financial writer Adam Smith once wrote, if you don’t know who you are, this is an expensive place to find out. In terms of our character, we overplay how much agency we have over the world.

Media 140

Media License Planning Economics 140

The Big Picture

FEBRUARY 1, 2023

We are hiring! We are looking for client service associates who can help us continue to grow. The post We’re Hiring! Discretionary quarterly profit pool distribution after one year of employment. Want to learn more? See our Linked In job description here. appeared first on The Big Picture.

Distribution 235

Distribution Clients 235

The Big Picture

APRIL 10, 2023

We have repeatedly discussed the issues surrounding the labor force: – Why there is a shortage of workers ; – How low-end wages have lagged ; – Why Return to Office has not gone well. Perhaps we should consider another issue that tends to get too little ink: Workers exiting sectors of the service industry permanently.

Retail 310

Retail Food Manufacturing Economy 310

The Big Picture

OCTOBER 9, 2022

It was one of those minor stories that seemed to have taken on a life of its own: The New York Times 1 reported last week about an adjunct Organic Chemistry professor at NYU who was fired after students complained his tests were too hard. ” perhaps we are all better served by asking a few different questions: 1. Who Was to Blame?

Medical 326

Medical Education Numbers Healthcare 326

The Big Picture

MARCH 20, 2023

We Americans are always willing to lend a hand to someone down on their luck, but that is not what the current crop of bailouts is about. Galatians 6:7-9) Most of us fools reap what we sow, we suffer the consequences of our folly. But those people and companies who are bailed out do not. Were these people “bailed out?”

Banking 314

Banking Insurance Government Management 314

The Big Picture

MARCH 13, 2024

I’m Barry Ritholtz, and on today’s edition of At The Money, we’re going to discuss how you can tell when the Fed is going to start cutting rates. And as my friend Jim Grant likes to say, who writes the newsletter Grant’s Interest Rate Observer, it’s nice to have an interest rate to observe again.

Numbers 274

Numbers Insurance Economy Marketing 274

Nerd's Eye View

DECEMBER 15, 2023

Also in industry news this week: Most businesses that operate in the U.S., Also in industry news this week: Most businesses that operate in the U.S., Also in industry news this week: Most businesses that operate in the U.S., Also in industry news this week: Most businesses that operate in the U.S.,

Financial Planner 239

Financial Planner Retirement Taxes Insurance 239

Abnormal Returns

NOVEMBER 2, 2023

on.ft.com) An excerpt from "The Big Fail: What the Pandemic Revealed About Who America Protects and Who It Leaves Behind" by Bethany McLean and Joe Nocera. politico.com) Media We are clearly on the backside of the 'prestige television' era. newyorker.com) Disney's ($DIS) Marvel is in a creative crisis. msn.com)

Media 255

Media Economy Economics 255

The Big Picture

JULY 5, 2023

There are some who believe this is good news, but as we pointed out in May , it’s a meaningless, lagging survey. As we have previously shown (repeatedly), it does not. Last we noted, Sentiment Surveys are generally useless; their most valuable moments occur at extremes, which are typically visible in hindsight.

Economy 290

Economy Economics Investing Investments 290

Nerd's Eye View

DECEMBER 1, 2023

Jarkesy, which in a narrow sense focuses on the SEC's use of in-house Administrative Law Judges to hear securities law cases rather than traditional Federal jury trials, but in a broader sense could call into question the SEC's (and other government agencies') authority to make rules and enforce laws in the absence of specific guidance from Congress (..)

Financial Planner 201

Financial Planner Communication Estate Planning Wealth Management 201

Nerd's Eye View

JANUARY 12, 2024

Also in industry news this week: The Department of Labor (DoL) this week published a final rule delineating what makes an individual an independent contractor versus a company employee, though it did not provide specific guidance for registered representatives of broker-dealers and other financial professionals who have expressed concern that their (..)

Financial Planner 215

Financial Planner Financial Advisor Commission Budgeting 215

Abnormal Returns

APRIL 18, 2024

.: The Renegades and Rogues Who Built an Industry at the Top of the World" by Will Cockrell. dynomight.substack.com) What we choose to frame and put on our walls. insidehook.com) Lessons learned from "Wuhan: How the Covid-19 Outbreak in China Spiraled Out of Control," by Prof Dali Yang. oxfordamerican.org)

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The Irrelevant Investor

APRIL 21, 2024

Articles We are saving and investing for wealth when we should be thinking about income. (By By Allison Schrager) Something strange happens when we shift our attention from individual workers to households (By Derek Thomspon) Why so many people don’t believe the inflation numbers. (By By Josh Brown) Every time someone cl.

Numbers 90

Numbers Investing Investments 90

Nerd's Eye View

APRIL 17, 2024

This can result in fewer referrals and even the loss of the client, who might eventually opt to move their accounts to another (more appealing) advisory firm. Questions such as "What is different from the last time we met?" and "What changes are coming up soon?" fully engaged! Read More.

Clients 198

Clients Financial Planning Compliance Planning 198

Abnormal Returns

DECEMBER 2, 2023

Tesla Who is the audience for the Tesla ($TSLA) Cybertruck? nytimes.com) Do we really need people to explore space? theatlantic.com) Why we keep pushing back the date of major human accomplishment, like the building of a pyramid. ritholtz.com) The Tesla ($TSLA) Cybertruck is no favor to the environment. npr.org) The U.S.

Media 240

Media Financial Advising Transportation Food 240

The Big Picture

AUGUST 1, 2023

Seven full months into the new year, thirteen months after the June lows, and nine months after the October bottom, we have come all the way back to where we began. In light of this round trip, it is a good time to think about what happened, and what we might take from it. Never forget: Forecasts are marketing. The reason?

Economics 246

Economics Valuation Marketing Marketing 246

Abnormal Returns

FEBRUARY 9, 2024

theverge.com) What are we to make of the rollback in platform-exclusive podcasts? anildash.com) Business Patrick O'Shaughnessy talks pharma innovation with Alex Telford, who is the founder of Convoke. theringer.com) Roben Farzad talks with Steve Inskeep author of "Differ We Must: How Lincoln Succeeded in a Divided America."

Banking 237

Banking Investing Investments Marketing 237

The Big Picture

SEPTEMBER 28, 2023

As we have discussed, in ordinary times, sentiment polls tend to be problematic: But these do not seem to be ordinary times. As we have discussed, in ordinary times, sentiment polls tend to be problematic: But these do not seem to be ordinary times. We are in a post-pandemic, popular-uprising environment.

Government 291

Government Medicine Economy Healthcare 291

The Big Picture

APRIL 15, 2023

 This week, we speak with Joseph Baratta , who since 2012, has served as Global Head of Private Equity at Blackstone – the world’s largest alternative asset manager, with $975 billion in assets under management. He helped to build out Blackstone’s PE business in Europe in 2001, moving to London in 2001.

Consulting 270

Consulting Compliance Assets Investing 270

Abnormal Returns

NOVEMBER 29, 2023

rogersplanning.blogspot.com) Who is going to take care of you? dariusforoux.com) What we fight about when we fight about money. (thinkadvisor.com) What makes up the three-legged stool of retirement. theretirementmanifesto.com) Retirement planning is difficult because there are so many things decisions to make. Choose wisely.

Retirement 268

Retirement Retirement Planning Budgeting Portfolio 268

The Big Picture

JULY 27, 2022

Today is Fed day, when we get the 75 bps increase that dramatically increases the odds of a recession. By any measure, we still have an enormous number of unfilled positions. This was the raw fuel to Wall Street, who lit it on fire to drive great profits in securitized mortgages right up until the moment it all went to hell. (I

Medicine 322

Medicine Numbers Food Insurance 322

The Big Picture

JANUARY 30, 2023

We live in an age of contextless slogans. Remember the Dunning Kruger couple ( video ) we discussed in September 2021 ? Those rare folks who day-trade, or flip houses, or garner passive incomes as a route to wealth 1 are busy doing those things. Those who can’t do, teach. Those who can’t do, teach.

Media 291

Media Economics Investing Investments 291

Nerd's Eye View

OCTOBER 27, 2023

Also in industry news this week: A survey indicates that while financial advisors remain the most trusted source of financial advice, they might increasingly encounter client questions and ideas that originated from social media Following the transition of advisors and clients from TD Ameritrade and amid competition from competing RIA custodians, Charles (..)

Financial Planner 217

Financial Planner Financial Advice Financial Advisor Tax Planning 217

Abnormal Returns

SEPTEMBER 21, 2023

Brooks who pivoted from politics to studying happiness. theatlantic.com) Behavior Why we are likely underestimating the collective American trauma. bloomberg.com) Why we are already past peak-TV. wsj.com) Beer has been around so long, we don't really know when it started. theatlantic.com) Profiles A profile of Arthur C.

Startup 254

Startup Consulting Media Planning 254