The Big Picture

JUNE 2, 2023

Essentially, monthly Non-Farm Payrolls is the net difference between these two groups: The actual number is far smaller and less significant than gets played most publicly. The monthly number ( May 2023 = 339,000) is a tenth or so of the ~1.5% By definition, average is not necessarily where you are going to spend most of your time.

Numbers 312

Numbers Valuation Retirement Economics 312

Nerd's Eye View

FEBRUARY 10, 2023

Also in industry news this week: The SEC this week released its 2023 examination priorities, which include its new marketing rule, Reg BI, and complicated investments The House of Representatives is considering legislation that would broaden the definition of who qualifies as an accredited investor and is potentially eyeing a role for financial advisors (..)

Financial Planner 246

Financial Planner CFP Certification Retirement Planning 246

Nerd's Eye View

JUNE 3, 2024

This month's edition kicks off with the news that 'startup' custodian Altruist has completed a $169 million fundraising round as it continues to rebuild the RIA custodial tech stack layer-by-layer while positioning itself as the biggest RIA custodian built from scratch and solely for advisors – which, while making it the clear #3 custodian behind (..)

Risk Tolerance 246

Risk Tolerance Communication Startup Financial Planning 246

The Big Picture

SEPTEMBER 18, 2024

Brian Portnoy : So you’ve pointed accurately to a number of studies on this and maybe it’s 75,000 or 90,000 I’d also point out that a dollar spent in Manhattan NY versus Manhattan KS those are very different conversations.

Food 277

Food Numbers Risk Tolerance Financial Planning 277

Mish Talk

NOVEMBER 16, 2022

Definitions The Civilian Noninstitutional Population is defined as persons 16 years of age and older residing in the 50 states and the District of Columbia, who are not inmates of institutions (e.g., I used seasonally-adjusted (SA) numbers where available, otherwise non-adjusted numbers (NSA). 20-24: -1.6 25-54: -0.3

Numbers 227

Numbers Retirement Economics 227

Nerd's Eye View

JUNE 9, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the House has passed legislation that would expand the definition of who qualifies as an accredited investor eligible to invest in certain private investments to include those who pass an exam designed by the (..)

Financial Planner 240

Financial Planner Financial Advisor License Retirement 240

Nerd's Eye View

MAY 17, 2024

Also in industry news this week: The SEC this week announced a proposed rule that would require RIAs to collect and verify their clients' personal information in an effort to prevent illicit activity, though many firms likely are taking many of these steps already Why larger RIAs and those that have been acquired tend to have worse client and staff (..)

Financial Planner 238

Financial Planner Wealth Management Retirement Investment Planning 238

Nerd's Eye View

FEBRUARY 19, 2024

those that offer both digital robo-advice and human touch) are growing faster than almost everyone else, with 24% of net new cashflows despite the low aggregate number of firms with this business model. Likewise, while CRM usage has slipped by about 5%, the overall number of advisors who use a CRM still remains at a dominant 92%.

Consulting 244

Consulting Financial Advice Engineering Financial Advisor 244

The Big Picture

NOVEMBER 13, 2022

Data casts doubt on those numbers ( The Ankler ). • He co-authored the definitive book on ETFs, “ A Comprehensive Guide To Exchange-Traded Funds ,” for the CFA Institute. Chapter 11 cases, a Reuters review found. Reuters ). • #FAIL: How TikTok Stats Fool Hollywood : Execs, agents & marketers value stars based on followers.

Management 243

Management Economy Numbers Marketing 243

Calculated Risk

MARCH 11, 2025

And on the Treasury front the Federal Reserve has reinvested some (but not all) of the Treasuries that have been maturing (which by definition are short duration) into intermediate and long maturities, with the amount reinvested determined by caps and targeted balance sheet levels. Here are a few excerpts from the January meeting minutes. (My

Assets 165

Assets Portfolio Accounting Marketing 165

Calculated Risk

SEPTEMBER 16, 2022

We did see negative real GDP growth in Q1 and in Q2 - but that didn't mean the US economy was in a recession (and this has never been the definition of a US recession). I disagreed and noted I wasn't even on recession watch! For a discussion of recessions, see NBER's What is a recession? 2) Significant policy error.

Sales 363

Sales Economy Economics Investing 363

Nerd's Eye View

OCTOBER 31, 2023

In this episode, we talk in-depth about how Jon evolved his "high tech and high touch" mindset to serving clients by regularly iterating upon and updating his advisor tech stack while also elevating his long-time client service administrator into a more holistic client concierge (because the future isn't about tech or human service, it's tech and human (..)

Financial Advisor 246

Financial Advisor Estate Planning Clients Education 246

Nerd's Eye View

JANUARY 9, 2024

And be certain to listen to the end where Kimberly shares why she suggests all new advisors try out a lot of the industry's "Food Groups" before picking a path (as she notes that knowing and getting experience in the other paths in the financial advisor industry helped round out her own knowledge, and find the path that truly aligned to her own values (..)

Financial Advisor 246

Financial Advisor Financial Planner Clients Food 246

Abnormal Returns

JULY 22, 2022

By definition, they cannot be wrong – only better or worse than expected." wsj.com) USPS is upping the number of EVs on order. Markets Barry Ritholtz, "Earnings are what they are, the profits of corporate America. ritholtz.com) Why grifters use technological change to take advantage of investors.

Financial Advising 147

Financial Advising Media Economy Numbers 147

Calculated Risk

JANUARY 8, 2023

As of December, looking at the "dot plot" , the FOMC participants see the following number of rate hikes in 2023: 25 bp Rate Hikes FOMC Members 2023 No Change 0 One Rate Hike 0 Two Rate Hikes 2 Three Rate Hikes 10 Four Rate Hikes 5 Five Rate Hikes 2 Clearly the main view of the FOMC is three or even four rate hikes in 2023.

Economy 236

Economy Numbers Economics Sales 236

Abnormal Returns

MAY 30, 2023

Factors Joachim Klement, "The bottom line is that the academic definition of ‘growth investing’ isn’t really a proper growth investment style." morningstar.com) The number of companies that are big stock market wealth generators is shrinking over time. The rest of the index not so much.

Numbers 130

Numbers Investing Investments Management 130

The Big Picture

FEBRUARY 5, 2025

Anyone who puts up like really big numbers wildly outperforming the market sort of gets feted by the media, and then they sort of fade back into what they were doing. 2 and 20 has been the famous number for hedge funds for a long time. There definitely is some, some truth to that. Has nothing to do with 68%.

Taxes 147

Taxes Portfolio Management Investing 147

The Big Picture

MARCH 4, 2025

Melissa Smith : So I definitely thought that I was gonna work in the public sector when, when I’m recruiting at JP Morgan I always, you know, get the question sort of how did, how did you get into investment banking? Melissa Smith : Definitely not. What was the original plan? Melissa Smith : For three years.

Banking 130

Banking Economy Startup Marketing 130

Nerd's Eye View

AUGUST 8, 2024

an advisor can have high margins and high growth, but it's extremely difficult to do so while also working a low number of hours). And while some firms strive to have all 3 of these features, the reality often comes down to "choosing 2" (e.g.,

Communication 130

Communication Financial Advisor Numbers Clients 130

The Big Picture

SEPTEMBER 30, 2022

My morning train WFH reads: • The Forbes 400 2022: The Definitive Ranking of The Wealthiest Americans : In 2022 The wealthiest people in the U.S. Sales Numbers Start Climb. are poorer than a year ago—and the cutoff to make the list fell for the first time since the Great Recession. Source: Car and Driver.

Banking 182

Banking Government Numbers Economics 182

A Wealth of Common Sense

JULY 18, 2023

There are many definitions of wealth. Still others believe there is a specific number followed by a few zeroes and some commas that define wealth. Some people equate wealth to your income level. Others assume having a lot of stuff must mean you’re wealthy.

Math 98

Math Numbers 98

The Big Picture

FEBRUARY 7, 2024

He co-hosts the Behind the Markets podcast with Wharton finance Professor Jeremy Siegel and has helped update and revise Siegel’s Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long-Term Investment Strategies. They had great numbers, not great enough. Jeremy Schwartz : You know what?

Investing 296

Investing Investments Valuation Portfolio 296

The Big Picture

OCTOBER 2, 2023

Sturgeon’s law suggest 300,00 of them are not crap – and that number seems generous. You must be more right than others…which by definition means your thinking has to be different.” Now run the same exercise for Mutual funds, ETFs, Private Equity, Hedge Funds, Venture Capital, etc.

Investing 345

Investing Investments Economy Portfolio 345

The Big Picture

JANUARY 16, 2024

She has had a number of different positions within PIM, including managing their flagship core real estate fund. She has lived and invested through not just the great financial crisis, but the SNL crisis and a number of other fascinating experiences in real estate. And so I definitely learned a lot there. Definitely.

Assets 264

Assets Investing Investments Management 264

The Big Picture

DECEMBER 6, 2022

And definitely, their retail market participation is significantly lower than you can see in the U.S. But I think it’s definitely changing, Barry, because, you know, you see more and more fintech platforms and robo-advisors that in a way, are making accessing financial markets easier for more and more investors in in Spain.

Clients 162

Clients Investing Investments Management 162

The Big Picture

OCTOBER 9, 2024

He’s written numerous books on the subject, including Damodaran on Valuation, Narrative and Numbers, and the textbook Investment Valuation Tools and Techniques for Determining the Value of Any Asset. To me, the definition of an investor is you buy something for less than what it’s worth. Intrinsic value can change.

Valuation 325

Valuation Investing Investments Marketing 325

MazumaBusinessAccounting

MAY 10, 2021

But whether you keep your own books or employ the services of a bookkeeper or accountant, understanding the numbers can help your small business just as much as it could help a large corporation. Search definitions for any words you don’t know, and jot down definitions in a notebook or sticky and put it with your financial paperwork.

Accounting 98

Accounting Budgeting Numbers 98

The Big Picture

SEPTEMBER 19, 2022

And then I have to ask the same question, so Union Square Ventures, by definition Union Square is here in New York City. WENGER: No, we’ve definitely always been disciplined on valuation, and we’ve let a number of things go. The food supply is definitely in question. RITHOLTZ: Sure.

Valuation 305

Valuation Investing Investments Engineering 305

The Big Picture

MARCH 25, 2025

And, and I kind of raised my hand and said, dad, uncle John, don’t you think it might be a better idea to look at it by the numbers? Jim O’Shaughnessy : So I think the most surprising thing was a number of people at various firms that I was investigating working for before starting my own. The numbers are pretty bad.

Management 147

Management Numbers Investing Investments 147

The Big Picture

AUGUST 28, 2024

Well, they have been going that way for a while there’s already a couple 0 fee ETF out there they are from companies that aren’t as popular as a Schwab or a State Street so I think once you get below 5 basis points you get to this realm of like super dirt cheap where people don’t really care are you 3 or 4 are you two or three you (..)

Assets 173

Assets Numbers Investing Investments 173

The Big Picture

MARCH 6, 2024

Claudia, let’s start with a basic definition. I do worry sometimes that investors get pulled around by the latest number. At any given month, you can have a really good or a really bad number. To help us unpack all of this and what it means for your portfolio, let’s bring in Claudia Sahm. What is inflation?

Economy 279

Economy Food Communication Consulting 279

The Big Picture

JULY 26, 2022

What makes Graham so interesting is while everybody else in the world of private equity is focused on the analytics and crunching numbers and creating econometric models that will tell you where to invest, I think they’ve found a very different model that has been extremely successful for them, where the key focus is on talent.

Consulting 298

Consulting Numbers Management Investing 298

Clever Girl Finance

AUGUST 22, 2022

The wealth accumulation definition is simply building up your net worth and wealth over time. And you definitely don't want to fall for a get-rich-quick scheme. Now that you know the wealth accumulation definition, why should you want to do this? There are a number of reasons why it’s a good idea to accumulate wealth.

Wealth Accumulation 105

Wealth Accumulation Budgeting Estate Planning Insurance 105

Trade Brains

MAY 4, 2024

Tweezer Top Candlestick Pattern – Definition The tweezer top candlestick pattern is one of the frequently appearing patterns. The creation of this pattern indicates a shift in market mood, and buyers will be cautious as the shift in market attitude may result in an increase in the number of sellers.

Marketing 105

Marketing Marketing Banking Numbers 105

Clever Girl Finance

AUGUST 15, 2022

What is the definition of liquidity? In order for an investment to be a highly liquid investment, it must meet a number of factors: The asset must be in an established liquid market. The asset must maintain a large number of readily-available, interested buyers. For example, banks may restrict your number of monthly withdrawals.

Investing 101

Investing Investments Certification Accounting 101

The Big Picture

AUGUST 20, 2024

Definitely 00:07:32 [Speaker Changed] True. So let, 00:21:37 [Speaker Changed] Let me push back on that definition a little bit. So let, 00:21:37 [Speaker Changed] Let me push back on that definition a little bit. If it had gone on for another two years, I might not be sitting here to talk to you today. Luck is better.

Assets 173

Assets Management Portfolio Marketing 173

Harness Wealth

FEBRUARY 19, 2025

EIN/Tax ID: Enter the company’s EIN or other applicable tax identification number. Make sure you provide complete information for each individual who meets the definition of a beneficial owner. Head to the BOI reporting page on the FinCEN website FinCEN offers online filing through a secure web form. Many businesses are exempt.

Taxes 52

Taxes Financial Advisor Consulting Certification 52