The Big Picture

NOVEMBER 6, 2023

Source: Chartr We talked about this 2 weeks ago , but the nation missed a fantastic opportunity to refinance all of the outstanding US debt at much lower levels. Every corporate debt issuer and homeowner in America refinanced at lower rates — except for Uncle Sam. If you were in Congress from 2015-2021, you are the reason why HALF of the projected federal debt will soon be interest payments.

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Budgeting 322

Abnormal Returns

NOVEMBER 6, 2023

Markets A five-step framework for reading market news. (tker.co) By these measures, small cap stocks are cheap. (morningstar.com) What happens historically after a Zweig Breadth Thrust? (quantifiableedges.com) Strategy Failure is inevitable when it comes to investing. (mrzepczynski.blogspot.com) Five benefits of higher rates on cash, including no drag on holding an emergency fund.

Financial Advising 273

Financial Advising Media Economy Economics 273

Nerd's Eye View

NOVEMBER 6, 2023

Welcome to the November 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 Practice Intel has launched a new "growth platform" centered around quantifying the quality of an advisor's client relationships with an all-in "Relationship Quality Index" (RQI) – which while

Compliance 219

Compliance Valuation Financial Advisor Clients 219

Abnormal Returns

NOVEMBER 6, 2023

Podcasts Brendan Frazier on how your clients change will inevitably over time. (wiredplanning.com) Michael Kitces talks with Jon Henderson who is the Founder and CIO for Echo45 Advisors about building a tech stack for a breakaway advisory firm. (kitces.com) Dan Haylett talks with Phil Pearlman about the relationship between health and wealth. (humansvsretirement.com) Custodians Charles Schwab ($SCHW) is laying off staff post-TDA closing.

Wealth Management 264

Wealth Management Retirement Planning Tax Planning Financial Advisor 264

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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

Accounting

Calculated Risk

NOVEMBER 6, 2023

Altos reports that active single-family inventory was up 0.8% week-over-week. This is the latest in the year that inventory was still increasing! Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of November 3rd, inventory was at 567 thousand (7-day average), compared to 563 thousand the prior week. Year-to-date, inventory is up 15.5%.

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Calculated Risk

NOVEMBER 6, 2023

From the Federal Reserve: The October 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices The October 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the third quarter of 2023.

Banking 131

Banking Government 131

Wealth Management

NOVEMBER 6, 2023

The Pacific Legal Foundation, which has a record for arguing against “government overreach” before the Supreme Court, is representing Frank Black in the latest case challenging FINRA's Constitutionality.

Government 124

Government 124

Advisor Perspectives

NOVEMBER 6, 2023

Being left solely responsible for wealth through divorce or widowhood later in life comes with its own set of responsibilities, opportunities, and challenges. As with so many financial life events, it is often the emotional challenges that are the hardest.

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Wealth Management

NOVEMBER 6, 2023

Next gen clients have shown themselves to be less focused on tax implications and traditional investment returns, and more keen on making an impact both via their gifting and investing.

Investing 124

Investing Investments Taxes Clients 124

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

Cornerstone Financial Advisory

NOVEMBER 6, 2023

Weekly Market Insights: Stocks Rise, Jobs Cool Presented by Cornerstone Financial Advisory, LLC Stocks ripped higher last week on a dramatic retreat in bond yields triggered by easing inflation and a slowing labor market. The Dow Jones Industrial Average jumped 5.07%, while the Standard & Poor’s 500 surged 5.85%. The Nasdaq Composite index rocketed 6.61% higher for the week.

Marketing 105

Marketing Marketing Taxes Economics 105

Wealth Management

NOVEMBER 6, 2023

The expected bankruptcy filing by WeWork could deal another blow to New York’s struggling office market, reports The New York Times. Alternative investment managers have filed a lawsuit against the SEC over its attempts to regulate private funds. These are among the must reads from the real estate investment world to kick off the new week.

Management 122

Management Investing Investments Marketing 122

Trade Brains

NOVEMBER 6, 2023

Fundamental Analysis Of Force Motors : Transportation is necessary for trade and commerce to exist. Successful businesses and the economy both rely on the movement of people. In light of the COVID lockdown and resulting slowdown in the economy, we have begun to observe a recovery in business, and this growth is reflected in the price of its shares. In this article, we’ll analyze Force Motors fundamentals as a company that deals in commercial vehicles for the auto industry.

Planning 105

Planning Transportation Engineering Manufacturing 105

Wealth Management

NOVEMBER 6, 2023

An overview of the new fiduciary reporting requirements for trustees and their advisors.

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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

Random Roger's Retirement Planning

NOVEMBER 6, 2023

The fund in question is the Simplify Tail Risk Strategy ETF (CYA). The fund owns a lot of puts and should go up a lot in the face of a crash but not necessarily a slow protracted decline like there was in 2022. According to Portfoliovisualizer, CYA dropped 46.10% in 2022. Here's what caught my eye that it might have blown up. It was already down a lot to be at $5.44 on October 27th but it looks like last week's S&P 500 rally crushed the fund.

Math 105

Math Education Management Taxes 105

Wealth Management

NOVEMBER 6, 2023

PE-style “whitelists” hamper efforts to expand the secondary market for fund stakes, as regulators raise liquidity concerns about private capital.

Assets 119

Assets Marketing Marketing 119

Carson Wealth

NOVEMBER 6, 2023

Last week, we discussed how stocks moved into a 10% correction after falling the previous three months. We also noted that this was normal, as 22 of the past 44 years saw a 10% correction, with many of those years still finishing much higher. Although many were worried, the economy remained quite strong and odds were high the Fed was done hiking rates.

Marketing 96

Marketing Marketing Economy Numbers 96

Wealth Management

NOVEMBER 6, 2023

A life settlement firm that went public via SPAC in July is getting into the wealth management business.

Wealth Management 119

Wealth Management Management 119

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

Alpha Architect

NOVEMBER 6, 2023

This paper focuses on "organization capital," representing intangible assets in a firm's key employees that is not captured by classic value measures such as book-to-market. The authors propose a structural model to analyze the impact of organizational capital on asset prices and argue that shareholders perceive firms with high levels of organizational capital to be riskier than those with more physical capital.

Assets 96

Assets Marketing Marketing Government 96

Wealth Management

NOVEMBER 6, 2023

An insightful conversation on how innovation, AI and other cutting-edge tools are preparing advisors for the great wealth transfer.

Planning 119

Planning 119

XY Planning Network

NOVEMBER 6, 2023

Seven years ago XYPN started conducting an annual benchmarking survey of its members to provide data-backed firm journey analysis for fee-for-service financial planning firms. With each year, the resulting Benchmarking Study has painted a clearer and more intricate picture for planners looking to map out their own firm journeys during their implementing, building, and scaling phases.

Fee Only 95

Fee Only Financial Planning Planning Clients 95

Wealth Management

NOVEMBER 6, 2023

Republic Capital Group moves headquarters from Houston to New York City’s Rockefeller Plaza in bid for proximity & talent.

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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

Million Dollar Round Table (MDRT)

NOVEMBER 6, 2023

By Joyce Chan Financial advisors often work in highly saturated markets, leaving prospects unsure of why they should pick one advisor over another. By having a personal brand, though, you’ll stand out from the crowd. A personal brand allows you to consistently communicate what makes you different from your competitors. Because of personal branding, my business model shifted from a hunting model, where I spent lots of time prospecting, to an attraction model, which is where prospects contact me r

Clients 88

Clients Communication Financial Advisor Media 88

Wealth Management

NOVEMBER 6, 2023

But you must act before the Dec. 31, 2023 deadline.

Taxes 119

Taxes Clients 119

Advisor Perspectives

NOVEMBER 6, 2023

You have nothing to lose when you increase your fees to match the value you deliver. Advisors chronically undercharge for the value they provide.

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Wealth Management

NOVEMBER 6, 2023

Catchlight.ai, the AI-powered lead optimization tool developed by Fidelity Labs, now matches unique messages to different groups of convertible prospects.

Marketing 115

Marketing Marketing 115

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

A Wealth of Common Sense

NOVEMBER 6, 2023

Today’s Talk Your Book is brought to you by the US Benchmark Series: On today’s show, we spoke with Alex Morris, Co-Founder and CIO of the US Benchmark Series by F/m Investments to discuss making bets on interest rates and duration risk. On today’s show, we discuss: Thinking about lengthening bond duration Making bets on interest rate movements Timing duration bets Asymmetries in the fixed-income marke.

Investing 82

Investing Investments 82

Wealth Management

NOVEMBER 6, 2023

Leaders from all sectors of the 401(k) industry gathered at the RPA Broker/Dealer Roundtable in New York City.

Retirement 111

Retirement 111

Calculated Risk

NOVEMBER 6, 2023

From Matthew Graham at Mortgage News Daily: Mortgage Rates Erase Some of Last Week's Huge Improvement In and of itself, today would rank among the handful of "worst days" of any given year in term of mortgage rate movement. In other words, comparing today's rates to Friday's shows a big jump relative to the average day. Specifically, most lenders are offering rates that are at least an eighth of a percent (.125%) higher versus Friday morning.

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