The Reformed Broker
OCTOBER 24, 2023
Conservatory at Biltmore, by Ann Vasilik via Our State There are four million households in North Carolina. Approximately half of those households (1.922 million) are comprised of a married male and female with children. Another half million are a female head of household with kids. There’s 180,000 or so male-led homes with children and then 1.4 million non-family households.
Abnormal Returns
OCTOBER 24, 2023
Markets Money market funds are gorging on T-bills. (ft.com) The markets are not expecting further Fed rate hikes. (capitalspectator.com) Strategy A history of the pandemic era stock market boom (and bust). (morningstar.com) Is gold a good investment? Meh. (monevator.com) Crypto Blackrock ($BLK) is all ready to go with a spot Bitcoin ETF. (etf.com) Grayscale is teaming up with FTSE Russell on crypto indices.
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Nerd's Eye View
OCTOBER 24, 2023
Welcome everyone! Welcome to the 356th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Sarah-Catherine Gutierrez. Sarah-Catherine is the founder of Aptus Financial, a fee-only financial planning firm based in Little Rock, Arkansas, that is approaching $2M in revenue and works with over 480 client households. What's unique about Sarah-Catherine, though, is that despite the common industry belief that the only way to build and scale a firm is through AUM, she has
Abnormal Returns
OCTOBER 24, 2023
Corporate finance Why aren't corporate bankruptcies higher already? (mailchi.mp) CEOs who take responsibility for firm performance get better marks. (sciencedirect.com) How AI can be used to identify information in conference calls. (alphaarchitect.com) Companies with available, undrawn lines of credit outpeform. (ft.com) Global How will aging populations affect economic growth and stock returns?
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The Reformed Broker
OCTOBER 24, 2023
Final Trades: Wynn, McDonald’s & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Reformed Broker
OCTOBER 24, 2023
Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Small Caps are F*cked – “But as with everything, there is more to the story…” ►Chevron Buys Hess – Second major domestic oil deal in a month after Exxon agreed to buy Pioneer.
Wealth Management
OCTOBER 24, 2023
Today’s risk management tools are too basic and provide mixed results.
The Irrelevant Investor
OCTOBER 24, 2023
The S&P 500 is flat since the Fed started raising rates in March 2022. It’s weathered the hiking cycle much better than smaller stocks that are more sensitive to tighter financial conditions. Over the same time, the Russell 2000 is down 16%. On last week’s What Are Your Thoughts? I shared this chart from Bank of America comparing long-term debt maturities of small versus large-cap indices.
Wealth Management
OCTOBER 24, 2023
The Federal Reserve’s recent sentiment report found that three-quarters of its survey respondents were concerned about the health of commercial real estate as a near-term risk. The Wall Street Journal looks at how big data has helped landlords charge higher rents even while incurring higher vacancies.
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.
Calculated Risk
OCTOBER 24, 2023
Today, in the Calculated Risk Real Estate Newsletter: Total Housing Completions Will Likely Increase Slightly in 2023; The Mix will Change Brief excerpt: Although housing starts have slowed, completions will likely increase slightly in 2023. This graph shows total housing completions and placements since 1968 with an estimate for 2023 based on completions through September.
Wealth Management
OCTOBER 24, 2023
Instead of embracing a fiduciary mentality, broker/dealers still vie to buy business through alluring advisor retention contracts.
Calculated Risk
OCTOBER 24, 2023
A few excerpts from a research note by Goldman Sachs economist Ronnie Walker: Higher for Longer and the 2024 Housing Outlook Sustained higher mortgage rates will have their most pronounced impact in 2024 on housing turnover. As a result, we expect the fewest annual existing home sales since the early 1990s at 3.8mn. While vacancy rates remain at historic lows, we expect housing starts to decline by 4% to 1.34mn in 2024, reflecting sharply fewer multifamily starts.
Wealth Management
OCTOBER 24, 2023
The former Morningstar executive discussed the drive to start the company, how they have been using artificial intelligence, their philosophy on integrations and their upcoming inaugural conference.
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
A Wealth of Common Sense
OCTOBER 24, 2023
The housing market is broken. Affordability is as bad as it’s ever been. Mortgage rates are high. Prices are high. There is no supply on the market. It’s a mess. So who’s to blame? In a recent piece at Fortune I went through the suspects to figure out how we got here. * The housing market feels broken at the moment. Prices skyrocketed 50% nationally over the course of the pandemic.
Wealth Management
OCTOBER 24, 2023
But a new FINRA rule making it easier for state regulators to oppose expungements could solve some long-standing problems.
Million Dollar Round Table (MDRT)
OCTOBER 24, 2023
By Nguyễn Thị Minh Nguyệt What started out as a marketing disaster for five-year MDRT member Nguyen Thi Thu Dung , of Ho Chi Minh, Vietnam, became an opportunity to educate the public about insurance and find new clients. It began when Nguyen posted a video supporting life insurance on her TikTok account. It received almost 800,000 views as well as a lot of negative comments about insurance.
Wealth Management
OCTOBER 24, 2023
The CAIS Solutions software-as-a-service platform allows advisors to manage all clients’ alternative investments, even those not sourced through CAIS’s marketplace.
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.
The Irrelevant Investor
OCTOBER 24, 2023
Today’s Animal Spirits is brought to you by YCharts and The College for Financial Planning: See here to learn more about how advisors use YCharts to save clients money on taxes See here to learn more about the Accredited Behavioral Financial Professional designation and here for a Master in Personal Financial Planning Email us at info@ritholtzwealth.com to set up an in-person meeting with us while in Charlotte!
Wealth Management
OCTOBER 24, 2023
Savvy Advisors adds a former LPL advisor as the nascent, tech-focused firm reinvigorates recruiting efforts.
Steve Sanduski
OCTOBER 24, 2023
Guest: Dr. Preston Cherry , AFC®, CFT-I , CFP®, Ph.D., the Founder and President of Concurrent Financial Planning , a comprehensive financial planning firm serving households and business owners across generations. Dr. Cherry is also Head of the Financial Planning Program and Director of the Charles Schwab Center for Personal Financial Planning at the University of Wisconsin–Green Bay.
Wealth Management
OCTOBER 24, 2023
For years, BlackRock inaccurately described Aviron as a “diversified financial services” company, when it was a movie production outfit.
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.
Advisor Perspectives
OCTOBER 24, 2023
A major investing mistake that investors often make is avoidable. We all realize that investing mistakes are going to be made. And there are some investing mistakes that are simply unavoidable and there’s really not much you can do about them.
Wealth Management
OCTOBER 24, 2023
Proposed changes to the Uniform Business Practices Rule conflict with Reg BI, will increase costs and decrease choice for investors and financial advisors, writes Cetera’s director of regulatory affairs.
Advisor Perspectives
OCTOBER 24, 2023
With interest rates at near 20-year highs, guaranteed lifetime income locks in those rates for the rest of one’s life, creating better retirement outcomes.
Wealth Management
OCTOBER 24, 2023
Discover the untapped potential of real estate investment advice in revolutionizing financial advisory practices.
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.
Advisor Perspectives
OCTOBER 24, 2023
Is the work you do to make a living a job, a career, or a calling? Recognizing the difference will pay great dividends in many ways.
Wealth Management
OCTOBER 24, 2023
If you’re going to sell out, do it at the top of the market.
Advisor Perspectives
OCTOBER 24, 2023
Fifth district manufacturing activity changed little in October, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index inched down from 5 in September to 3 in October, marking its 2nd consecutive positive reading. This month's reading was consistent with the forecast.
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