The Big Picture
NOVEMBER 15, 2023
Markets screamed higher yesterday after a benign CPI report showed a 0.0% monthly price increase and inflation falling to 3.2% year over year. After a big gap opening, latecomers piled in; many had been sitting on the sidelines following a challenging 2022, while others got panicked out during the 10% October drawdown. It was a classic fear-driven error, a combination of bad market timing and poor impulse control.
Abnormal Returns
NOVEMBER 15, 2023
Podcasts Christine Benz and Jeff Ptak talk with Scott Burns about keeping things simple in retirement. (morningstar.com) Brad Barrett talks with JL Collins author of “Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence―And How to Join Them.” (choosefi.com) Withdrawal rates The higher the withdrawal rate, the great the sequence-of-returns risk.
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Nerd's Eye View
NOVEMBER 15, 2023
In the depths of the COVID-19 pandemic, many small businesses such as restaurants, entertainment venues, and retail stores experienced cratering revenues, either due to government lockdown orders that forced many non-essential businesses to temporarily shut their doors, or simply due to lack of demand since many of their customers decided to stay at home out of an abundance of caution.
Calculated Risk
NOVEMBER 15, 2023
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Continuing Decline in Architecture Billings, AIA/Deltek Architecture Billings Index Reports The AIA/Deltek Architecture Billings Index (ABI) reports that business conditions at architecture firms continued to soften in October. For the third consecutive month, the ABI score was under 50, indicating that a significant share of firms is seeing a decline in billings.
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Wealth Management
NOVEMBER 15, 2023
CEO Shirl Penney expects his independent advisor services platform to reach its goal by Independence Day of next year, and he still has plans to take the company public.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
NOVEMBER 15, 2023
Open, honest and candid discussions about the latest news in the RPA industry.
Advisor Perspectives
NOVEMBER 15, 2023
The labor market is undoubtedly deteriorating and sending signals that have been historically valuable warnings that a recession is coming.
Wealth Management
NOVEMBER 15, 2023
Growing up with a single mom, a disabled sister and a personal struggle with dyslexia, Heather Kelly should have been a statistic. Instead, she has become one of the most successful and inspiring women in financial services.
A Wealth of Common Sense
NOVEMBER 15, 2023
Today’s Animal Spirits is brought to you by Amplify ETFs: See here to learn more about Amplify’s free cash flow focused ETFs Register here for Episode 1 of The Smoke Show, on November 15th at 2PM Eastern On today’s show, we discuss: Why ‘Bidenomics’ falls flat Are real wages rising? Confirmed: The iPhone 15 is the most affordable iPhone since 2007 What the US got right that Europe did.
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.
Wealth Management
NOVEMBER 15, 2023
For the second straight month, sponsors launched dozens of new ETFs. That included eight bond ETFs, one commodoties ETF, 45 equities-based ETFs, 12 target date/multi-asset ETFs and four others.
Meb Faber Research
NOVEMBER 15, 2023
Episode #508: Jim Bianco on “The Biggest Economic Event of Our Lifetime” & The End of the 40-Year Bond Bull Market Guest: Jim Bianco is the President and Macro Strategist at Bianco Research, which offers macro investment research on financial markets. Date Recorded: 11/8/2023 | Run-Time: 1:23:49 Summary: In today’s episode, Jim shares why 2020 […] The post Episode #508: Jim Bianco on “The Biggest Economic Event of Our Lifetime” & The End of the 40-Y
Wealth Management
NOVEMBER 15, 2023
With its eighth deal of year, Savant will have added more than $8 billion in 2023 as the firm seeks to more than triple assets over the next four years.
Calculated Risk
NOVEMBER 15, 2023
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 10, 2023. The Market Composite Index, a measure of mortgage loan application volume, increased 2.8 percent on a seasonally adjusted basis from one week earlier.
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
Wealth Management
NOVEMBER 15, 2023
Don’t murder your clients—and other best practices.
Random Roger's Retirement Planning
NOVEMBER 15, 2023
Over the many years of blogging here and elsewhere I've chronicled my adventures in health insurance and the occasions when we've had HSA eligible insurance. Generically, HSAs are probably the most important account you can contribute to. Yes, getting an employer match to a 401k makes the most economic sense but the flexibility of an HSA is hard to beat.
Wealth Management
NOVEMBER 15, 2023
Despite industry protests asking for more time, the DOL will hold its public hearing on the rule next month and close the comment period Jan. 2.
Calculated Risk
NOVEMBER 15, 2023
On a monthly basis, retail sales were down 0.1% from September to October (seasonally adjusted), and sales were up 2.5 percent from October 2022. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for October 2023, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $705.0 billion, down 0.1 percent from the previous month, and up 2.5 percent above October 2022.
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.
Wealth Management
NOVEMBER 15, 2023
tru Independence signs up to offer Opto's customized private investment funds to a growing stable of partner firms.
Advisor Perspectives
NOVEMBER 15, 2023
Wholesale inflation rose less than expected in October as producer price growth slowed for the first time in four months. The producer price index for final demand was down 0.5% month-over-month (s.a.). On an annual basis, headline PPI decelerated from 2.2% in September to 1.3% in October.
Wealth Management
NOVEMBER 15, 2023
Prospera Financial Services has formalized its suite of succession planning resources to help older advisors monetize their businesses and younger advisors acquire practices or become successors.
Advisor Perspectives
NOVEMBER 15, 2023
It’s true – first impressions are everything, and when it comes to your website, they happen in a flash.
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.
Wealth Management
NOVEMBER 15, 2023
LPL Private Wealth Management aims to provide the resources and structure that a wirehouse advisor would typically have, at a higher payout.
Calculated Risk
NOVEMBER 15, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 222 thousand initial claims, up from 217 thousand last week. • Also at 8:30 AM, the Philly Fed manufacturing survey for November. The consensus is for a reading of -11.0, down from -9.0. • At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for October.
Wealth Management
NOVEMBER 15, 2023
Wealth Consulting Group founder and CEO Jimmy Lee discusses the ESG debate, use cases for AI in financial planning and more.
Advisor Perspectives
NOVEMBER 15, 2023
A client-centric approach, focused on empowering prospects and clients rather than directing them, is more persuasive and will lead to a more productive, meaningful relationship.
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.
Wealth Management
NOVEMBER 15, 2023
Managing defined contribution plans solidifies relationships with existing clients while potentially opening doors to new, long-term HNW partnerships.
Advisor Perspectives
NOVEMBER 15, 2023
The Census Bureau's Advance Retail Sales Report for October revealed a 0.1% decrease in headline sales compared to September, marking the first month consumers have pulled back their spending since March. The latest figure was less than the anticipated 0.3% monthly decline. Core sales (ex Autos) beat expectations by increasing 0.1% in October compared to the expected 0.2% decline.
Wealth Management
NOVEMBER 15, 2023
Wednesday, December 06, 2023 | 2:00 PM ET
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