Wealth Management
OCTOBER 6, 2023
Nitrogen’s annual Fearless Investing Conference was a clarion call to advisors for navigating waves of change, with a curated agenda laser-focused on growth through adaptation, agility and optimism.
Calculated Risk
OCTOBER 6, 2023
The headline jobs number in the September employment report was well above expectations, and employment for the previous two months was revised up by 119,000, combined. The participation rate and the employment population ratio were both unchanged, and the unemployment rate was also unchanged at 3.8%. Leisure and hospitality gained 96 thousand jobs in September.
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Wealth Management
OCTOBER 6, 2023
F2 Strategy's co-founder and CEO provides his take on the most important wealthtech news of the last month.
Calculated Risk
OCTOBER 6, 2023
From Manheim Consulting today: Wholesale Used-Vehicle Prices See Minimal Increase in August Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 1.0% in September from August. The Manheim Used Vehicle Value Index (MUVVI) rose to 214.3, down 3.9% from a year ago. “September auction sales bolstered prices through the channel,” said Chris Frey, senior manager of Economic and Industry Insights for Cox Automotive.
Speaker: Claire Grosjean
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Wealth Management
OCTOBER 6, 2023
Cerity Partners CIO Ben Pace likes core fixed income while underweighting U.S. large cap equities.
Abnormal Returns
OCTOBER 6, 2023
Strategy Defining what you will invest in, versus what you will not invest in, is important. (awealthofcommonsense.com) Why simplicity in investing can help reduce errors. (mrzepczynski.blogspot.com) Apple Apple's ($AAPL) USB-C transition is going to be rocky. (macworld.com) A review of the Apple ($AAPL) iPhone 15 Pro and Pro Max. (sixcolors.com) Vaccines How research into mRNA vaccinations very nearly didn't happen.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Abnormal Returns
OCTOBER 6, 2023
The biz Spotify ($SPOT) has big audiobook ambitions. (nytimes.com) Amazon ($AMZN) is shuttering its Amp audio app. (theverge.com) On the layoffs at Pushkin Industries. (nypost.com) Business Derek Thompson talks with Matthew Ball and Julia Alexander about the state of Disney ($DIS) today. (theringer.com) Roben Farzad talks with Angela Romero and Matthew Boyle about MBA grads buying companies.
Wealth Management
OCTOBER 6, 2023
Also, Morgan Stanley launches a charitable giving program, Vyzer raises $6.3 million in seed funding and Modern Life Adds John Hancock strategies.
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 potential benefits of gaining CFP certification can accrue not only to the advisor themselves, but also to their clients.
Wealth Management
OCTOBER 6, 2023
BridgeFT CEO Joe Stensland talks APIs and wealthtech-as-a-service.
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
The Big Picture
OCTOBER 6, 2023
I have been playing with Nick’s S&P 500 calculator , and it’s pretty damned, cool. He used data from Robert Shiller’s website and created his own interface going all the way back to 1871. (The default assumes your dividends are reinvested). You can see why RWM hired Nick as our Chief Data Scientist… The post Historical S&P 500 Return Calculator appeared first on The Big Picture.
Wealth Management
OCTOBER 6, 2023
Snowden Lane adds UBS duo with $200M in assets, PCIA moves into Memphis, another rebrand is announced and women are named to key roles at Choreo, Lido and Carson.
Calculated Risk
OCTOBER 6, 2023
From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. As is usually the case, in September some rail sectors did better than others. There were clearly some good signs. For example, U.S. intermodal originations in September 2023 averaged 252,224 containers and trailers per week, the most for any month since October 2022.
Wealth Management
OCTOBER 6, 2023
Fidelis Capital Pattners Investment Research Analyst Nick Smith likes Japan and expanding the firm's levels of interest rate risk.
Speaker: Erroll Amacker
Automation is transforming finance but without strong financial oversight it can introduce more risk than reward. From missed discrepancies to strained vendor relationships, accounts payable automation needs a human touch to deliver lasting value. This session is your playbook to get automation right. We’ll explore how to balance speed with control, boost decision-making through human-machine collaboration, and unlock ROI with fewer errors, stronger fraud prevention, and smoother operations.
Calculated Risk
OCTOBER 6, 2023
From the BLS : Total nonfarm payroll employment rose by 336,000 in September, and the unemployment rate was unchanged at 3.8 percent , the U.S. Bureau of Labor Statistics reported today. Job gains occurred in leisure and hospitality; government; health care; professional, scientific, and technical services; and social assistance. The change in total nonfarm payroll employment for July was revised up by 79,000, from +157,000 to +236,000, and the change for August was revised up by 40,000, from +1
Wealth Management
OCTOBER 6, 2023
Cresset CIO Jack Ablin likes private credit, U.S. large caps and public and private equity.
Calculated Risk
OCTOBER 6, 2023
Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in September A brief excerpt: This is the first look at several early reporting local markets in September. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.
Wealth Management
OCTOBER 6, 2023
Co-CIO Andrew Krei likes higher quality fixed income, venture capital and private equity, while avoiding AI.
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
The Reformed Broker
OCTOBER 6, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Alex Kantrowitz, and Downtown Josh Brown discuss the big tech landscape, AI competition, augmented reality, Michael Lewis and SBF, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!
Wealth Management
OCTOBER 6, 2023
CIO Cameron Dawson is maintaining a focus on quality, especially with large-cap high-quality biotech equities.
Calculated Risk
OCTOBER 6, 2023
From BofA: Overall, the data flow since our last weekly pushed up our 3Q US GDP tracking estimate from 2.8% to 3.7% q/q saar. [Sept 29th estimate] emphasis added From Goldman: [We] boosted our Q3 GDP tracking estimate by 0.3pp to 3.7% (qoq ar). Our domestic final sales growth forecast stands at +2.4%. [Oct 5th estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2023 is 4.9 percent on October 5, unchang
Wealth Management
OCTOBER 6, 2023
Carson Group Chief Market Strategist Ryan Detrick likes equities, with a focus on cyclicals and small caps.
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Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
A Wealth of Common Sense
OCTOBER 6, 2023
The bond market continues to be even crazier than the stock market. We’ve witnessed a massive move in long-term bond yields these past couple of weeks and months. Yields on the 10, 20 and 30 year Treasury were all up in the neighborhood of 60 basis points over the past 16 trading sessions. Yields are up 1% or more on each of these bond maturities since the end of June.
Wealth Management
OCTOBER 6, 2023
Vice President of Portfolio Consulting Gary Quinzel likes large-cap developed international equities, value stocks and is implementing a barbell strategy for both U.S. Treasuries and municipal bonds.
The Irrelevant Investor
OCTOBER 6, 2023
This tweet last week caught my attention. Current situation: 1. Stocks are falling like a recession is coming 2. Oil prices are rising like there's no recession in sight 3. Interest rates are rising like we have 10% inflation 4. Gold is falling like inflation is gone 5. Housing prices are rising like rates are… — The Kobeissi Letter (@KobeissiLetter) September 27, 2023 It’s been a weird couple of month.
Wealth Management
OCTOBER 6, 2023
"Higher-for-longer" interest rates, earnings volatility, multiple expansion. Chief investment officers from nine of the largest RIAs reveal how they are tweaking client portfolios in response to the markets, and detail their best investment ideas right now.
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Integrity Financial Planning
OCTOBER 6, 2023
While some people idealize retirement as a time of leisure, many people often view retirement as a time of financial constraint and worry. For these reasons, you might think that your money and savings will dictate your happiness. But what if we changed the narrative? What if retirement was a time when your money worked for your happiness instead of requiring you to sacrifice that happiness?
Wealth Management
OCTOBER 6, 2023
Beacon Pointe CIO Michael Dow and Director of Risk Management and Securities Research Julien Frazzo like U.S. large cap value and bonds.
Discipline Funds
OCTOBER 6, 2023
Here are three things I think I am thinking about this weekend. 1) SBF is not an effective altruist. Michael Lewis has been a literary hero of mine for decades. Liars Poker was a book that both excited me about getting into the financial services industry and also made me deeply question the motives of people in the financial services industry. So I was surprised this week to see Lewis doing a book tour and framing Sam Bankman Fried as a good person who just flew too close to the sun.
Wealth Management
OCTOBER 6, 2023
Many top firms have their own CIOs and investment committees dedicated to studying the markets. Here’s how they’re investing right now.
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.
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