The Big Picture

NOVEMBER 16, 2023

Over at Alphaville , Robin Wigglesworth looks at whether ‘Greedflation’ (aka price-gouging) meaningfully contributed to Eurozone inflation. Specifically, Bank of England research suggests that while they “find no evidence of a rise in overall profits in the UK” they did notice that “companies in the oil, gas and mining sectors have bucked the trend” with “some companies… much more profitable than others.”1 I was pretty skeptical about Greedflation initia

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Banking Economics Accounting Marketing 358

Abnormal Returns

NOVEMBER 16, 2023

Active management Why asset allocators usually fail when it comes to manager selection. (investmentecosystem.com) When does conviction turn into arrogance? (flyoverstocks.com) Finance The London Stock Exchange Group is 'no longer particularly about London — or about trading stocks.' (ft.com) The Nasdaq ($NDAQ) has been on an acquisitions tear. (bloomberg.com) Auto insurance Why Florida has such high auto insurance rates - auto glass lawsuits.

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Asset Allocation Financial Advising Insurance Communication 264

Nerd's Eye View

NOVEMBER 16, 2023

For many financial advisory firms that start out as solo shops, a single advisor-owner is often responsible for managing all aspects of running their practice, from handling all aspects of client service to prospecting for new clients. But as a firm's client base grows, the owner might find that they need to bring on employees to help manage the expanding workload.

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Clients Numbers Communication Financial Planning 205

A Wealth of Common Sense

NOVEMBER 16, 2023

A reader asks: I keep hearing about the Magnificent 7 stocks are carrying the stock market this year while the rest of the stocks are sucking wind. Does this even matter? I get that these stocks could fall and bring the market down with them but should we be worried about this level of concentration? It’s true the Magnificent 7 stocks — Amazon, Apple, Facebook, Google, Microsoft, Nvidia and Tesla — are.

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Marketing Marketing 127

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Accounting

Wealth Management

NOVEMBER 16, 2023

Advisors will now have more flexibility in scheduling rebalances of their chosen models.

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126

Wealth Management

NOVEMBER 16, 2023

Steward is getting into the M&A game for real, establishing an 'owned business’ division with Freedom Street Partners.

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Advisor Perspectives

NOVEMBER 16, 2023

Inflation is edging back toward pre-pandemic rates in the US, but rent inflation still has a long way to go. To put it into numbers, the all-items consumer price index was just 3.2% higher in October than a year earlier, but the rent of primary residence index was up 7.2%.

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Numbers 111

Wealth Management

NOVEMBER 16, 2023

CoStar looked at what entities besides landlords are among WeWork’s creditors during its bankruptcy. Cushman & Wakefield profiled investment activity among alternative property types. These are among the must reads from the real estate investment world to end the week.

Investing 118

Investing Investments 118

Million Dollar Round Table (MDRT)

NOVEMBER 16, 2023

By Sandy Schussel When I ask financial advisors or insurance agents what their biggest challenge is, the first answers are usually “not getting in front of enough qualified prospects,” “not managing my time well” or “being disorganized.” Many times, though, they’ll tell me they’re really “bad at sales” or “bad at closing.” When this is the case, it’s obviously a huge problem.

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Sales Commission Financial Advisor Insurance 93

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

NOVEMBER 16, 2023

Now at $245 billion in AUM, Edellman Financial Engines expects to increase M&A momentum in the new year.

Engineering 113

Engineering Wealth Management Management 113

Calculated Risk

NOVEMBER 16, 2023

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 34, down from 40 last month. Any number below 50 indicates that more builders view sales conditions as poor than good. From the NAHB: Builder Sentiment Down Again, but Better Building Conditions are in View High mortgage rates that approached 8% earlier this month continue to hammer builder confidence, but recent economic data suggest housing conditions may improve in the coming months.

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Sales Numbers Economics Marketing 86

Wealth Management

NOVEMBER 16, 2023

Thursday, November 30, 2023 | 2:00 PM ET

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Portfolio 113

Calculated Risk

NOVEMBER 16, 2023

The DOL reported : In the week ending November 11, the advance figure for seasonally adjusted initial claims was 231,00 0, an increase of 13,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 217,000 to 218,000. The 4-week moving average was 220,250, an increase of 7,750 from the previous week's revised average.

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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

Wealth Management

NOVEMBER 16, 2023

Latest deals bring WEG to the Adirondacks and double the firm’s presence in Rochester.

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Advisor Perspectives

NOVEMBER 16, 2023

In October, nominal home values increased for a 7th straight months while "real" home values fell for a 2nd straight month. Last month's ZHVI came in at $346,653, up 0.26% from the previous month and up 1.75% from one year ago. However, after adjusting for inflation, the real figures are -0.14% month-over-month and -4.77% year-over-year.

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Wealth Management

NOVEMBER 16, 2023

The SEC said it is delaying the decision on Hashdex's filing to 2024, a move they have already done for a number of other ETF hopefuls.

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Numbers 110

Calculated Risk

NOVEMBER 16, 2023

From the Fed: Industrial Production and Capacity Utilization Industrial production declined 0.6 percent in October. Manufacturing output fell 0.7 percent. Much of this decline was due to a 10 percent drop in the output of motor vehicles and parts that was affected by strikes at several major manufacturers of motor vehicles—the index for manufacturing excluding motor vehicles and parts edged up 0.1 percent.

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Manufacturing 69

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

NOVEMBER 16, 2023

Mark Copeland, founder of Signature Estate & Investment Advisors and Ben Prigal, vice president of Reverence Capital Partners, discuss the value of partnership between private equity and RIAs.

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Investment Advisor Investing Investments 107

Advisor Perspectives

NOVEMBER 16, 2023

The latest Kansas City Fed Manufacturing Survey composite index declined again in November and the future outlook inched down. The composite index came in at -2, up from -8 in October, while the future outlook dropped to -1.

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Manufacturing 69

Wealth Management

NOVEMBER 16, 2023

Recent volatility has everyday investors looking to credit markets for the first time in years — or in some cases ever. Financial advisers have a few concerns.

Financial Advising 105

Financial Advising Marketing Marketing 105

Advisor Perspectives

NOVEMBER 16, 2023

Industrial production declined for the first time in four months in October. On a monthly basis, industrial production fell 0.6%, a larger drop that the projected 0.3% decline. Additionally, compared to one year ago, industrial production showed a decrease of 0.68%.

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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

Wealth Management

NOVEMBER 16, 2023

When it comes to due diligence and even a transition, no two advisors – or their paths – are the same.

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Advisor Perspectives

NOVEMBER 16, 2023

High mortgage rates continue to impact builder confidence as the National Association of Home Builders (NAHB) Housing Market Index (HMI) fell for a fourth consecutive month. With that said, recent macroeconomic data suggest improved conditions in the coming months. The index dropped 6 points from last month to 34, the index's lowest level since December 2022.

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Marketing Marketing 64

Trade Brains

NOVEMBER 16, 2023

Fedbank Financial Services IPO Review: Fedbank Financial Services Limited promoted by The Federal Bank Limited, is coming up with its Initial Public Offering. The IPO will open for subscription on November 22, 2023, and close on November 24, 2023. In this article, we will look at the Fedbank Financial Services Limited IPO Review 2023 and analyze its strengths and weaknesses.

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Financial Services Banking Retail Management 59

Advisor Perspectives

NOVEMBER 16, 2023

In the week ending November 11, initial jobless claims were at a seasonally adjusted level of 231,000, an increase of 13,000 from the previous week's revised figure. The latest reading is higher than the forecast of 220,000.

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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

Trade Brains

NOVEMBER 16, 2023

Best Microcap Stocks Under Rs 500 : Investors always look for companies that possess potential. However, it must be noted that such companies can come with substantial risks. Company earnings, sector, position, and business environment matter a lot. In this article, we will take a look at some of the microcap stocks that are priced under Rs 500. Microcap Stocks Under Rs 500 Here are list of Best Microcap stocks under Rs 500 that are listed in BSE and NSE, we shall take a look at those stocks and

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Pharmaceutical Manufacturing Sales Medicine 59

Advisor Perspectives

NOVEMBER 16, 2023

The latest Philadelphia Fed manufacturing index rose this month but remained in negative territory for the 3rd straight month, indicating a continued decline overall. In November, the index increased to -5.9, coming in above the forecast of -9.0. The six-month outlook fell to -2.1, its first negative reading in 6 months.

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Manufacturing 64

Calculated Risk

NOVEMBER 16, 2023

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Housing Starts for October. The consensus is for 1.345 million SAAR, down from 1.358 million SAAR.

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