Nerd's Eye View

OCTOBER 23, 2023

In the research data, this is reflected in a big uptick in advisors doing the most comprehensive plans: 54% of respondents offered 'Extensive' plans (with at least 13 planning components) in 2022, up from 35% in the 2020 edition of the study and 39% in 2018.

Financial Planning 246

Financial Planning Planning Clients Financial Planner 246

The Big Picture

DECEMBER 8, 2022

The Illusion of Knowledge (Oaktree Capital, September 2022), I Beg to Differ (Oaktree Capital, July 2022), Previously : MIB: Howard Marks, Oaktree Capital (October 6, 2018). (Oaktree Capital, November 22, 2022). Howard Marks on What Matters Most (February 22, 2017). The post What Doesn’t Matter appeared first on The Big Picture.

Investing 279

Investing Investments 279

The Big Picture

JANUARY 26, 2023

April 12, 2018) The post How to Avoid Financial Disasters appeared first on The Big Picture. August 10, 2007) What is your Value Add ?

Accounting 297

Accounting Portfolio Investing Investments 297

Nerd's Eye View

SEPTEMBER 19, 2022

In 2018, we released the first Kitces Research study on “How Financial Advisors Actually Do Financial Planning”, which examined how financial planners today are actually executing their financial planning processes, delivering their financial plans, what technology tools they are using, and how they price their services.

Financial Planner 245

Financial Planner Certified Financial Planner Financial Planning CFP 245

The Big Picture

SEPTEMBER 16, 2024

Much more to come… Previously : 10 Years On (September 18, 2023) 10 Things I Have Learned Launching RWM (September 16, 2019) Our Exorbitant Privilege (June 19, 2018) What is your Value Add ?

Wealth Management 162

Wealth Management Management 162

The Big Picture

MARCH 18, 2023

The book is a fun romp covering the 1998-2018 era. She is also the author of “ Damsel in Distressed ,” which turns out to be (surprisingly) the very first memoir written by a woman working at a hedge fund. The post MiB: Cliff Asness, AQR appeared first on The Big Picture.

Retirement 310

Retirement Management Sales Investing 310

Wealth Management

NOVEMBER 13, 2024

A new Cerulli report lists integrated technology platforms and advisor succession planning among the top reasons RIAs find consolidators attractive.

Planning 101

Planning 101

The Big Picture

MARCH 9, 2023

She is also the author of “ Damsel in Distressed ,” which (surprisingly) turns out to be the very first memoir written by a woman working at a hedge fund (it’s a fun romp through 1998-2018 era). In our discussion, we covered the lack of female representation at hedge funds.

Wealth Management 162

Wealth Management Management Engineering Investing 162

The Big Picture

JANUARY 25, 2023

Sources : “Study sheds light on cognitive dissonance in active management Robin Powell TEBI, January 25, 2023 Active fund managers and the rise of Passive investing: epistemic opportunism in financial markets Crawford Spence, Yuval Millo, James Valentine Kings College, 06 Jan 2023 Understanding Communities of Practice: Taking Stock and Moving Forward (..)

Management 306

Management Investing Investments Financial Market 306

Abnormal Returns

APRIL 11, 2023

axios.com) Boeing ($BA) jumped ahead of Airbus in deliveries for the first time since Q2 2018. (allstarcharts.com) Broad diversification is back! morningstar.com) Companies Tupperware ($TUP) is at-risk of going bankrupt. finance.yahoo.com) Chipotle Mexican Grill ($CMG) is rolling out a new all-electric restaurant concept.

Financial Advising 243

Financial Advising Startup Food Economy 243

The Big Picture

MAY 17, 2023

The FRED chart at top shows the high and low of the University of Michigan Inflation Expectations Survey during the pre- and post-pandemic era (2018-2023). As if that wasn’t bad enough, their expectations of inflation are at the very HIGHEST right before inflation peaks and rolls over.

328

328

The Big Picture

NOVEMBER 28, 2022

Richard Yamarone Memorial Scholarship in Economics at Brooklyn College (April 17, 2018). *Memorial Gift needs to be toggled with Richard A. Yamarone as “in memory of.”. Previously : RIP: Rich Yamarone (November 29, 2017). The post Rich Yamarone CUNY Scholarship appeared first on The Big Picture.

Economics 255

Economics 255

The Big Picture

FEBRUARY 13, 2023

My back-to-work morning train WFH reads: • How State Street Has Used AI to Find ‘Hidden Gems’ Since 2018 : Natural-language processing used in stock picking: Bartolini Wanted something forward-looking, dynamic, he says of the ETF. Bloomberg ) • What Recession? Some Economists See Chances of a Growth Rebound.

Economy 283

Economy Management Investing Investments 283

The Big Picture

MARCH 30, 2023

Back in 2018, I mentioned my personal infrastructure was improving. I spent a lot of time criticizing the sorry state of U.S. infrastructure as one of the many factors driving the reluctance to give up WFH. It doesn’t have to be this way.

Transportation 305

Transportation 305

Nerd's Eye View

DECEMBER 18, 2023

Accordingly, just as I did last year , and in 2021 , 2020 , 2019 , 2018 , 2017 , 2016 , 2015 , and 2014 , I've compiled for you this Highlights List of our top 2 2 articles in 2023 that you might have missed , along with a few of our most popular episodes of "Kitces & Carl" and the "Financial Advisor Success" podcasts.

Financial Advisor 246

Financial Advisor Numbers 246

The Big Picture

AUGUST 26, 2023

Tim Buckley, who became CEO of Vanguard Group in 2018, eventually elevated Davis to CIO. We discuss how his career took a series of unexpected turns, including beginning by studying insurance and working as the CIO / director of Vanguard Australia and Asia-Pacific, before taking over all of fixed income worldwide.

Strategic Planning 246

Strategic Planning Distribution Consulting Insurance 246

The Big Picture

JULY 20, 2023

The offering comes from Innovator Capital Management, which launched the first so-called buffer ETFs, also sometimes referred to as defined-outcome funds, in 2018.” – Bloomberg Let’s get this out of the way: I dislike any product that exchanges a portion of your potential gains in exchange for downside protection.

Math 186

Math Financial Planning Assets Management 186

Nerd's Eye View

JUNE 10, 2024

It quickly became a perennial favorite on Nerd's Eye View, and so I've updated it every year, with new lists of books in 2014 , 2015 , 2016 , 2017 , 2018 , 2019 , 2020 , 2021 , 2022 , and a fresh round last year in 2023.

Financial Advisor 246

Financial Advisor Financial Planner Clients Communication 246

The Big Picture

MARCH 18, 2024

The 2017 Barron’s cover (above) showing Apple’s extravagant new headquarters and suggesting that the company’s market value would reach $1 trillion in 2018 generated some chatter from the usual suspects. The key takeaway: The value of the signal here is just about zero.

Marketing 336

Marketing Marketing Media Investing 336

The Big Picture

JUNE 20, 2024

These include July 1990 (1990-91 recession), March 2000 (dotcom top), October 2007 (GFC), September 2018 (Q4 20% drop), February 2020 (COVID), and January 2022 (525 bps of rate hikes in 18 months). The table above shows the major market peaks going back to 1990.

Marketing 195

Marketing Marketing Valuation Media 195

Wealth Management

JUNE 17, 2024

This represents Allworth’s 18th California location, its fifth deal this year and 36th acquisition since 2018. Allworth now has 42 offices nationwide.

116

116

The Big Picture

APRIL 23, 2023

since 2018. But their actions have exploited family divisions — and relatives on both sides of the deals say they’ve been ripped off. ( The City ) • Fire and Ice: The planet’s ice is fundamentally tethered to weather patterns that stretch across the globe. More than 25 million acres have burned in the Western U.S.

Nonprofit 310

Nonprofit Consulting Compliance Banking 310

Wealth Management

OCTOBER 7, 2024

The Cleveland-based MAI's acquisition of Halpern Financial is the firm’s eighth deal this year and its 40th since 2018.

Fee Only 115

Fee Only Management 115

Nerd's Eye View

OCTOBER 16, 2024

But with the anticipated sunset of TCJA in 2026 and the reversion to the pre-2018 AMT rules, a large subset of households will find themselves owing AMT – many of whom will do so for the first time.

Taxes 246

Taxes Clients Planning Numbers 246

Nerd's Eye View

JUNE 12, 2023

It quickly became a perennial favorite on Nerd's Eye View, and so I've updated it every year, with new lists of books in 2014 , 2015 , 2016 , 2017 , 2018 , 2019 , 2020 , 2021 , and a fresh round last year in 2022.

Financial Advisor 246

Financial Advisor Financial Planner Professional Services Clients 246

Nerd's Eye View

DECEMBER 26, 2022

Accordingly, just as I did last year, and in 2020, 2019, 2018, 2017, 2016, 2015, and 2014, I've compiled for you this Highlights List of our top 20 articles in 2022 that you might have missed , along with a few of our most popular episodes of ‘Kitces & Carl’ and the ‘Financial Advisor Success’ podcasts.

Financial Advisor 245

Financial Advisor Financial Advice Estate Planning Planning 245

Nerd's Eye View

DECEMBER 15, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week’s edition kicks off with the news that this week's round of public hearings on the Department of Labor's proposed new fiduciary rule featured fierce opposition from the brokerage and insurance industries – which, while unsurprising given those industries' (..)

Financial Planner 246

Financial Planner Retirement Taxes Insurance 246

The Big Picture

OCTOBER 2, 2023

One victim said they “felt a bit violated really.” ( 404 Media ) Be sure to check out our Masters in Business with Gary Cohn , Assistant to the President for Economic Policy and Director of the National Economic Council from 2017-2018; he was President and Chief Operating Officer of The Goldman Sachs Group from 2006-2016.

Economics 245

Economics Banking Accounting Government 245

Wealth Management

OCTOBER 5, 2023

Genstar, which first took a majority stake in Cetera in 2018, remains the majority shareholder in the broker/dealer network.

119

119

The Big Picture

MARCH 3, 2023

2000-13 : Secular bear market did not make new highs until March 2013 2018 : ~20% pullback as the economy slowed, FOMC hiked. 2020 : Pandemic crash of 34%, fastest top fall (but fastest recovery) 2022 : Stocks & bonds both down double digits since 1981 All of these meet the unofficial definition of a bear of a 20% move off of the peak.

Marketing 336

Marketing Marketing Economics Portfolio 336

The Big Picture

OCTOBER 29, 2022

After his mother died in September 2018, he hosted a private dinner for families staying in Boston Children’s Hospital’s patient housing and sat down with each and every person there. ( The Athletic ). Bono Is Still Trying to Figure Out U2 and Himself : There are different Bonos to different people, including the man himself.

Medical 290

Medical Investing Investments Assets 290

Alpha Architect

AUGUST 29, 2022

public companies in 2018. Finally, we find that during 2018 more inequality-averse investors rebalance their portfolios away from high pay ratio stocks relative to other investors. We find that firms’ disclosing higher pay ratios experience significantly lower abnormal announcement returns.

Marketing 119

Marketing Marketing Portfolio 119

Nerd's Eye View

NOVEMBER 20, 2024

Notably, much of the language from the 1986 SEC Interpretive Release was later reiterated in a 2018 SEC Risk Alert and a 2019 SEC Interpretation. The SEC, in its interpretive release, sets an expectation of "periodic and systematic evaluation" (i.e.,

Fiduciary Duty 244

Fiduciary Duty Clients Commission Accounting 244

Calculated Risk

JANUARY 22, 2023

2018 2019 2020 2021 2022 Peak Month June June Oct June June December -7.0% -3.8% -0.7% -2.2% -11.3% And seasonally prices usually bottom the following January (contracts signed in November and December). I've included the decline from the peak for December for each year to compare to 2022. January -8.9% -6.7% -1.2% -3.4%

Sales 145

Sales 145

Wealth Management

DECEMBER 18, 2023

DocuSign, which went public in 2018, has been hurt by increasing competition from Adobe Inc.’s s document business.

Sales 106

Sales 106

Calculated Risk

APRIL 6, 2023

NOTE: This release has "revisions to the historical series for CY 2018-2022 for both initial claims and continued claims".

Insurance 141

Insurance 141

The Big Picture

SEPTEMBER 23, 2023

Be sure to check out our Masters in Business next week with Gary Cohn , Assistant to the President for Economic Policy and Director of the National Economic Council from 2017-2018; he was President and Chief Operating Officer of The Goldman Sachs Group from 2006-2016. Currently, he is Vice Chairman of IBM.

Management 182

Management Medical Portfolio Management Economics 182