The Big Picture

APRIL 3, 2023

The asset value peak was $33.6 trillion as of the end of 2022. Given the rough year markets had in 2022, including all of the held asset classes, it is an impressive, albeit curious showing. The group also names 2022’s Best of, including Fund, Asset Class, Region, and Industry of the Year (all found here ).

Assets 312

Assets Consulting Taxes Marketing 312

The Big Picture

MARCH 10, 2023

Price stability and full employment seems to have taken a back seat to asset prices, discouraging speculation, and increasing Fed Chair “credibility.” Where the 2000s-era Fed ignored obvious recklessness among banks and leveraged asset managers, the current Fed seems to be overly concerned with asset prices and appearances.

Banking 342

Banking Assets Management Economy 342

A Wealth of Common Sense

JANUARY 8, 2023

And we update my asset allocation quilt once a year when the calendar turns (OK that’s just me). Here’s the updated quilt with 2022 data: I have A LOT of tho. We wear Hawaiian shirts at holiday dinners (try it…it’s fun). We get Chinese takeout for lunch every year on Christmas day. Let’s do this.

Asset Allocation 145

Asset Allocation Assets Marketing Marketing 145

Calculated Risk

FEBRUARY 28, 2023

The FDIC released the Quarterly Banking Profile for Q4 2022: Reports from 4,706 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reflect aggregate net income of $68.4 billion in fourth quarter 2022, a decrease of $3.3 Total assets of problem banks declined $116.3 billion (4.6

Banking 144

Banking Insurance Numbers Assets 144

The Big Picture

OCTOBER 7, 2022

If only the Fed didn’t do X, our portfolio would have been much better” seems to be a terrible approach to managing assets for clients. Following those March 2020 rate cuts, the Fed stayed at Zero until March 2022. Previously : Farewell, TINA (September 28, 2022). June 9, 2022). Blame the Fed For Everything!

Banking 336

Banking Economics Portfolio Assets 336

Calculated Risk

SEPTEMBER 9, 2022

The FDIC released the Quarterly Banking Profile for Q2 2022 this morning: Quarterly net income totaled $64.4 billion in second quarter 2022 , a reduction of $6.0 The number of FDIC-insured institutions declined from 4,796 in first quarter 2022 to 4,771. Total assets of problem banks declined $2.7 billion (8.5

Banking 139

Banking Insurance Numbers Assets 139

The Big Picture

JUNE 15, 2023

Record highs in participation, deferral rates, and the use of professionally managed allocations in 2022 ” added to the totals. The rally off of the June 2022 lows did not hurt either. VG credits the impact of automatic enrollment/contribution escalation as leading savers to this milestone.

Planning 289

Planning Asset Allocation Management Assets 289

Wealth Management

OCTOBER 17, 2024

The amount of assets in tax-managed SMAs has jumped 67% from year-end 2022.

Assets 115

Assets Taxes Management 115

The Big Picture

JUNE 22, 2023

It shows “Share of Total Assets Held by the Bottom 50% ( red line ) versus the Share of Total Assets Held by the Top 0.1% ( green line ). Consider the chart at top, created by Invictus via FRED. That spread is currently just about as wide as its ever been. Let’s Talk About the 0.01 Percent By Howard R.

Distribution 306

Distribution Assets Economics Numbers 306

The Big Picture

JUNE 3, 2023

Be sure to check out our Masters in Business next week with Mathieu Chabran, Tikehau Capital A global alternative asset manager with $40B in assets. Chabran was named Chevalier de l’Ordre de la Légion d’Honneur by decree of the President of the French Republic in January 2022. No Excuses.

Education 334

Education Assets Government Banking 334

The Big Picture

SEPTEMBER 27, 2024

Cutter has put-up impressive numbers since its 2022 launch, and now manages more than $500 million in institutional assets. Prior to launching Cutter, he focused on U.S. and European healthcare at Citadel and Millenium.

Healthcare 294

Healthcare Economy Numbers Assets 294

Abnormal Returns

OCTOBER 15, 2024

riabiz.com) JP Morgan Asset Management is refocusing its alternatives business. wsj.com) Economy The wealth effect helped keep us out of recession in 2022. (fortunefinancialadvisors.com) What defines a group that makes high quality decisions? institutionalinvestor.com) Retail Walgreens ($WBA) is closing some 1,200 stores.

Financial Advising 284

Financial Advising Retail Media Government 284

The Big Picture

AUGUST 17, 2022

But that is not the same as becoming one of the most dominant asset managers in the world. Barry Ritholtz (@ritholtz) May 5, 2022. Barry Ritholtz (@ritholtz) August 11, 2022. For sure, ETF and fund fees compound over time, and whether or not they are passive or actively managed doesn’t matter.

Taxes 334

Taxes Portfolio Management Investments 334

The Big Picture

NOVEMBER 1, 2022

Making the cost of capital practically nothing had all sorts of ramifications, not the least of which was to make risk assets – stocks bonds real estate, etc. Previously : How the Fed Causes (Model) Inflation (October 25, 2022). Collapse in Prospective Home Buyer Traffic (October 18, 2022). October 7, 2022).

Economy 312

Economy Banking Assets Management 312

Abnormal Returns

JANUARY 2, 2024

Markets How major asset classes performed in December 2023. capitalspectator.com) 2023 was a welcome respite from 2022, market-wise. awealthofcommonsense.com) Growth stocks have trounced value over the past decade no matter the geography. albertbridgecapital.com) Strategy 10 predictions for 2024 including 'The economy overheats.'

Financial Advising 286

Financial Advising Economy Media Assets 286

Nerd's Eye View

APRIL 10, 2024

Every document that considers the facts around any particular asset class will invariably include that disclaimer, but constructing a portfolio consisting of a mix of equities, fixed income, and other assets requires investors and advicers to make some fundamental assumptions around long-term expected returns and correlations between assets.

Asset Allocation 246

Asset Allocation Wealth Accumulation Assets Portfolio 246

Abnormal Returns

SEPTEMBER 27, 2024

youngmoney.co) Finance ETF assets in the U.S. wsj.com) Do you remember the 'recession' of 2022? Markets Most stocks are working right now. theirrelevantinvestor.com) Some investments are an IQ test. downtownjoshbrown.com) It's easy to get distracted these days as an investor. just hit $10 trillion.

Financial Advising 279

Financial Advising Food Economy Media 279

The Big Picture

JULY 27, 2022

The 2010s monetary rescue plan benefitted anybody who owned capital assets: Stocks, Bonds, and Real Estate. See also : Millions of Americans Regret the Great Resignation ( Bloomberg , July 12, 2022). Previously : Who Is to Blame for Inflation, 1-15 (June 28, 2022). 1.395 Trillion Peak Unemployment Insurance (March 4, 2022).

Medicine 331

Medicine Numbers Food Insurance 331

The Big Picture

AUGUST 11, 2023

You will network with the best practitioners in the RIA/Asset management space while learning about how the latest cutting-edge fintech can help you manage your practice. We took over all 5 hotels for the 3000 attendees, including 1,000 registered advisors and over 500 sponsors. Sure, you can earn CE credits, but this is a lot more than that.

Food 242

Food Media Management Assets 242

The Big Picture

OCTOBER 25, 2022

Hence, a spike in inflation in 2021, accelerating into 2022. It is an oddity of how BLS assembles its CPI model, trying to figure out how to measure shelter which is both a cost and for millions of homeowners, an asset. This is because a home is an asset, and an increase in its value does not impose a “cost” on the homeowner.

Government 290

Government Assets Retail Manufacturing 290

The Big Picture

JANUARY 5, 2023

Why Markets Were Down in 2022 : there was also an Occum’s razor answer for the losses in financial markets in 2022. Sometimes the reason asset prices fall is because they went up too much in the first place. The year EVs outgrew Tesla : The transition to electric vehicles hit several milestones in 2022. (

Food 264

Food Financial Market Assets Planning 264

Mish Talk

NOVEMBER 22, 2022

Generational Bottoms Bitcoin is Life Hoot of the Day (From May 2022). please see my June 18, 2022 post The Crypto Crash and Why It's Impossible For "You!" A telling note on the likelihood of that comes from Finblox which is offering an amazing " 90% interest " on asset pledges. Bitcoin daily chart courtesy of StockCharts.Com.

Accounting 334

Accounting Numbers Assets Economics 334

The Big Picture

OCTOBER 29, 2022

Professor Jeremy Siegel at the University of Pennsylvania, where he is frequently voted Best professor at Wharton, and is the author of Stocks for the Long Run , Jeremy Schwartz is CIO at Wisdom Tree Asset Management , where he has worked since May 2005. The latest SFTLR by Jeremy Siegel with Jeremy Schwartz.

Assets 298

Assets Financial Market Investing Investments 298

The Big Picture

MARCH 2, 2023

Yahoo Finance ) • World’s Rich Take Advantage as $1 Trillion Property Market Craters : Wealthy investors were the most active buyers of commercial property in 2022, a new report finds. New York Times ) • The 17 Best EVs Coming in 2023 : Electric vehicles went mainstream in 2022, so 2023’s designs will be bold, weird, and wonderful.

Electronics 278

Electronics Consulting Assets Media 278

Validea

OCTOBER 19, 2022

Here are some lessons from 2022 that standout to me. Coming into 2022, the 60/40 stock/bond portfolio had been a stalwart strategy for your balanced investor. But investors may still want to consider layering in various other asset classes to help protect from this unexpected risk in the future. Tool: [link].

Investing 128

Investing Investments Valuation Portfolio 128

Abnormal Returns

JANUARY 3, 2023

Markets How major asset classes performed in December 2022. capitalspectator.com) 2022 was the third worst year for the 60/40 portfolio. awealthofcommonsense.com) The Dow lead the major indices in 2022. in 2022 vs. 2021. ritholtz.com) It's been a long time since international stocks outperformed the U.S.

Startup 242

Startup Valuation Financial Advising Distribution 242

The Big Picture

MAY 5, 2023

From the perspective of an asset management and financial planning firm, the challenge is getting people to ignore the day-to-day noise in favor of thinking about where prices will be a decade hence. Rather than accept the volatility of month-to-month economic datapoints — NFP, Consumer Spending, Manufacturing, Inflation, etc.

Economics 363

Economics Financial Planning Manufacturing Numbers 363

The Big Picture

MAY 8, 2023

Here is a quick mental exercise to allow you to operate without your hindsight bias getting in the way: At the end of 2022, an all-knowing market deity visits to inform you that almost halfway through the year, 1) Rates will be appreciably higher; 2) Three of the biggest bank failures in U.S. Consider : – Unemployment at 3.4%

Banking 321

Banking Media Marketing Marketing 321

The Big Picture

SEPTEMBER 19, 2023

The transcript from this week’s, MiB: Elizabeth Burton, Goldman Sachs Asset Management , is below. Elizabeth Burton is Goldman Sachs asset management’s client investment strategist. 00:25:48 [Speaker Changed] So in 2022 when equities were down and fixed income were down, they were both down double digits.

Assets 147

Assets Management Investing Investments 147

The Big Picture

DECEMBER 16, 2022

The Wealth Effect : Jay Powell seems to be targeting assets prices, despite equities not being part of the dual mandate. See also : Jerome Powell’s Grim Inflation Outlook Is at Odds With Markets (Greg Ip, WSJ December 14, 2022). Behind the Curve, Part V (November 3, 2022). When Your Only Tool is a Hammer (November 1, 2022).

Economics 312

Economics Banking Marketing Marketing 312

Nerd's Eye View

APRIL 19, 2024

Also in industry news this week: The Office of Management and Budget (OMB) has completed its review of the Department of Labor's new "fiduciary rule ", indicating that it could be released in the coming days or weeks (though, like its predecessors, its ultimate disposition is likely to be determined in the courts) The IRS announced this week that it (..)

Financial Planner 246

Financial Planner CFP Financial Advisor Retirement Planning 246

Abnormal Returns

JUNE 27, 2023

behaviouralinvestment.com) Do commodities have a role to play in a long-term, strategic asset allocation? morningstar.com) Stop lumping the 'big three' asset managers together in the same breath. morningstar.com) Economy Home prices peaked June 2022. institutionalinvestor.com) How big a problem is 'volatility laundering'?

Asset Allocation 243

Asset Allocation Financial Advising Startup Valuation 243

Abnormal Returns

JANUARY 11, 2023

economist.com) Alameda Research made a big investment in miner Genesis Digital Assets soon before the FTX unwind. wsj.com) BITO Bitcoin tanked in 2022 but Bitcoin futures ETPs held in there. economist.com) Belgium and the Netherlands intercepted a record-breaking 160 metric tonnes of cocaine in 2022.

Financial Advising 244

Financial Advising Startup Economy Media 244

The Big Picture

NOVEMBER 15, 2023

After a big gap opening, latecomers piled in; many had been sitting on the sidelines following a challenging 2022, while others got panicked out during the 10% October drawdown. Understanding these basics will at least give you some guidance as to when your behavior is putting your assets at risk. year over year. Don’t drink!

Investing 344

Investing Investments Portfolio Economics 344

The Big Picture

OCTOBER 30, 2023

Experts warned that real estate bubbles—in which the price of assets moved up far beyond their intrinsic value—were forming. With its high-income earners and the country’s low interest rates, the city has been steadily climbing the real estate bubble-risk rankings, 5th in 2021, to 3rd in 2022, to the top spot this year.

Marketing 264

Marketing Marketing Assets 264

Abnormal Returns

DECEMBER 1, 2023

Markets The performance of major asset classes in November 2023. on.spdji.com) The magnificent seven stocks are having a big 2023, in part because they had a rough 2022. capitalspectator.com) Even after November's rally low volatility stocks are still down on the year.

Financial Advising 265

Financial Advising Media Economy Management 265

Abnormal Returns

MARCH 29, 2023

awealthofcommonsense.com) Just because you can invest in alternative assets, means you should. ritholtz.com) Remote work fell in 2022. Strategy The stock market is almost always in a drawdown. realreturns.blog) Banking Who is going to pick up the lending slack from SVB? news.crunchbase.com) Mercury is benefiting from the demise of SVB.

Financial Advising 49

Financial Advising Media Banking Assets 49