The Big Picture

OCTOBER 2, 2023

We all love to use quotations in our arguments. It’s both an appeal to higher authority as well as social proof ( Hey! I’m not the only one who believes this stuff ). I find it useful occasionally to go back to first principles and reconsider the sources that have influenced my thinmking. Along those lines, here are in chronological order, the thinkers who have helped shape how I view the world view, including how I philosophically think about the economy, markets, and investing.

Investments 346

Investments Investing Economy Portfolio 346

Abnormal Returns

OCTOBER 2, 2023

September 2023 How major asset classes performed in September 2023. (capitalspectator.com) How factors have performed YTD. (insights.finominal.com) The S&P 500 dropped each week in September. (quantifiableedges.com) Rates JP Morgan Chase ($JPM) is going hard for HNW deposits. (wsj.com) 5%+ yields make financial advice a tougher sell. (bloomberg.com) Crypto There is no love lost between the crypto industry and SBF.

Financial Advising 278

Financial Advising Financial Advice Economy Media 278

The Big Picture

OCTOBER 2, 2023

My back-to-work morning train WFH reads: • October Almanac: Bear-Killer, Bargain Month, Turnaround Month : Seasonally Speaking, October is the time to buy stocks, especially late October and especially tech stocks and small caps. October can evoke fear on Wall Street as memories are stirred of crashes and massacres. We use the term “Octoberphobia” to describe the phenomenon of major market drops occurring during the month.

Economics 245

Economics Banking Accounting Government 245

Abnormal Returns

OCTOBER 2, 2023

Podcasts Daniel Crosby talks with Jay Coulter about the five dimensions of a great advisory practice. (standarddeviationspod.com) Brendan Frazier talks with Ashley Quamme about working with couples. (wiredplanning.com) Steve Sanduski talks with Tom Morgan about the importance of always being curious. (barrons.com) Justin L. Mack talks with Samuel Deane about going from wealthtech user to wealthtech investor.

Wealth Management 259

Wealth Management Startup Retirement Engineering 259

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Accounting

Nerd's Eye View

OCTOBER 2, 2023

Welcome to the October 2023 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! This month's edition kicks off with the news that custodial platform Altruist is eliminating the $1 per account monthly fee for its portfolio management and reporting technology for advisors on its platform, which on the one hand suggests that the e

Communication 231

Communication Portfolio Management Clients Tax Planning 231

Wealth Management

OCTOBER 2, 2023

And why plan sponsors are still resisting.

Planning 123

Planning 123

The Irrelevant Investor

OCTOBER 2, 2023

The stock market is a complicated place. You have all sorts of different participants: day traders and swing traders, high-frequency traders and market makers, stock pickers and asset allocators, growth investors and value investors, and on and on. Then you have macroeconomic data that could impact the stock market in the short or long term: manufacturing and service reports, jobless claims and total employment, headline.

Asset Allocation 118

Asset Allocation Marketing Marketing Manufacturing 118

Wealth Management

OCTOBER 2, 2023

A pair of affiliated accounting and wealth management firms are merging with Coldstream Wealth Management to ‘pioneer’ expanded approach to client service.

Wealth Management 118

Wealth Management Accounting Clients Management 118

Calculated Risk

OCTOBER 2, 2023

Today, in the Calculated Risk Real Estate Newsletter: ICE (Black Knight) Mortgage Monitor: "Home Prices Set Yet Another Record in August" A brief excerpt: Some interesting data on mortgage rates. Note the higher mortgage rates for the 2023 vintage - still a small portion of the overall market. A large portion of active mortgages are in the 2020-2022 vintages. • Given all the talk about near-term prepayment risk – and quick-turn refinance incentive – among recent originations, we thought it prude

Distribution 116

Distribution Marketing Marketing 116

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

Assets

Wealth Management

OCTOBER 2, 2023

Hits to CMBS and CLOs are bad news for the commercial real estate financing landscape, reports Commercial Observer. Active managers increased allocations to the healthcare, residential and data center sectors in the second quarter, according to Nareit analysis. These are among the must reads from the real estate investment world to kick off the week.

Healthcare 118

Healthcare Management Investments Investing 118

Advisor Perspectives

OCTOBER 2, 2023

Delegating tasks is daunting.

115

115

Wealth Management

OCTOBER 2, 2023

An Atlanta-based trio of advisors with $1 billion in assets is joining Linsco by LPL Financial from Fifth Third Private Bank, to launch PB FAM Private Wealth.

Banking 117

Banking Assets 117

Cornerstone Financial Advisory

OCTOBER 2, 2023

Weekly Market Insights: Bond Yields Rise; Government Shutdown Looms Presented by Cornerstone Financial Advisory, LLC Rising bond yields and government shutdown fears left stocks in mostly negative territory for the week. The Dow Jones Industrial Average lost 1.34%, while the Standard & Poor’s 500 slipped 0.74%. The Nasdaq Composite index was flat (+0.06%) for the week.

Marketing 111

Marketing Marketing Taxes Economics 111

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

Management

Wealth Management

OCTOBER 2, 2023

All thanks to AI.

115

115

Trade Brains

OCTOBER 2, 2023

High Promoter Holding Stocks under Rs 100: In today’s world of investing, there are various figures and parameters one looks at before investing in a stock. But, one of the basic criteria that can indicate potential in the business is the amount of stake the promoters hold in their business. In this article, we will go through some of the top high promoter holding stocks under Rs 100.

Engineering 105

Engineering Banking Distribution Government 105

Wealth Management

OCTOBER 2, 2023

Massachusetts Commonwealth Sec. Galvin fined Fidelity Brokerage Services for allegedly "rubber-stamping" options trading applications from customers.

114

114

Prosperity Coaching

OCTOBER 2, 2023

What 4 things do prospects want to learn when they visit your website? Have you ever wondered what happens when a prospect visits your website? What do they want to find out? What kind of information are they looking for? What is it about the information your website provides that […] The post Advisors, 4 Surprising Things Prospects Want to Learn When They Visit your Website appeared first on The Prosperous Advisor Coaching Blog.

Financial Advisor 97

Financial Advisor Financial Planning Clients Management 97

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

Accounting

Wealth Management

OCTOBER 2, 2023

The SEC had not — until now — permitted such funds to trade.

105

105

Advisor Perspectives

OCTOBER 2, 2023

The yield on the benchmark 10-year Treasury is up 70 basis points this year, leading many to question the future direction of interest rates. Let’s look at the underlying causes of this and whether those conditions are likely to persist.

94

94

A Wealth of Common Sense

OCTOBER 2, 2023

Today’s Talk Your Book is brought to you by Standpoint Asset Management: On today’s show, we spoke with Eric Crittenden, CIO of Standpoint Asset Management to discuss trend following and all-weather portfolios. See here for the Content Library and here for Standpoints monthly update. On today’s show, we discuss: An introduction to trend following Market-risk dynamics over time What managed futures are.

Assets 93

Assets Portfolio Management Marketing 93

Alpha Architect

OCTOBER 2, 2023

Do-It-Yourself trend-following asset allocation weights for the Robust Asset Allocation Index are posted. DIY Trend-Following Allocations: October 2023 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Asset Allocation 88

Asset Allocation Assets 88

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

Clients

Ron A. Rhodes

OCTOBER 2, 2023

September 30, 2023 After a stellar first half of 2023, the third quarter of 2023 saw losses in most U.S.

Assets 88

Assets Asset Allocation Valuation Financial Advisor 88

Calculated Risk

OCTOBER 2, 2023

From the Census Bureau reported that overall construction spending increased: Construction spending during August 2023 was estimated at a seasonally adjusted annual rate of $1,983.5 billion, 0.5 percent above the revised July estimate of $1,973.7 billion. The August figure is 7.4 percent above the August 2022 estimate of $1,847.3 billion. emphasis added Both private and public spending increased: Spending on private construction was at a seasonally adjusted annual rate of $1,551.8 billion, 0.5 p

83

83

Advisor Perspectives

OCTOBER 2, 2023

We can and are building much taller skyscrapers. But they are impractical money losers because so much floor space is taken up by elevators. A new book explains the interplay between size and scale, and what it means for our economy and investments.

Economy 64

Economy Investments Investing 64

Calculated Risk

OCTOBER 2, 2023

During the early stages of the pandemic, energy expenditures as a percentage of PCE hit an all-time low of 3.3% of PCE. Then energy expenditures increased to 2018 levels by the end of 2021. With the invasion of Ukraine, energy expenditures as a percentage of PCE increased further in 2022. Here is an update through the August 2023 PCE report. This graph shows expenditures on energy goods and services as a percent of total personal consumption expenditures.

72

72

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Accounting

Advisor Perspectives

OCTOBER 2, 2023

As of September 30, 2023, the 10-year note was 407 basis points above its historic closing low of 0.52% reached on August 4, 2020.

64

64

Calculated Risk

OCTOBER 2, 2023

From Matthew Graham at Mortgage News Daily: Mortgage Rates Back Near Long-Term Highs The average didn't quite make it back to the multidecade highs seen last week, but the average borrower would see little--if any--difference in today's rate quotes. This represents a fairly big jump up from Friday (which saw a nice correction down from Thursday's highs).

Sales 72

Sales Manufacturing Government Marketing 72

Advisor Perspectives

OCTOBER 2, 2023

Five of the eight indexes on our world watch list posted gains through October 2, 2023. Tokyo's Nikkei 225 finished in the top spot with a YTD gain of 21.71%. The U.S.'s S&P 500 finished in second with a YTD gain of 12.14% while India's BSE SENSEX finished in third with a YTD gain of 7.40%.

Marketing 64

Marketing Marketing 64