The Big Picture
OCTOBER 19, 2023
One of my favorite responsibilities as chief investment officer at Ritholtz Wealth Management is the quarterly conference call I do for our clients. I run through 30 charts in 30 minutes that explain where we are in the economic cycle, what markets are doing, and what it means to their portfolios. I like to finish with a thought-provoking, often “investing-adjacent” idea they might not have previously considered.
Abnormal Returns
OCTOBER 19, 2023
Rates Bonds have had a lost decade. (wsj.com) Mortgage rates have hit 8%. (calculatedrisk.substack.com) Fund management Big money money managers are all in on ETFs. (ft.com) Sentiment How media is driving a wedge between the economy and sentiment. (ritholtz.com) Annie Lowery, "Things are great, but folks are mad." (theatlantic.com) Global Poland's voters pushed back against autocracy.
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Nerd's Eye View
OCTOBER 19, 2023
Much of the marketing and practice management advice in the financial advisory space comes back to 1 recommendation: Specialize in a niche. Niching offers several advantages, allowing advisors to be more specific in their marketing, more targeted in their prospecting calls, and more efficient in their processes (since clients within a similar niche are likely to have similar problems, especially in niches of profession).
Abnormal Returns
OCTOBER 19, 2023
Books An excerpt from “Ours Was the Shining Future” by David Leonhardt. (nytimes.com) Michael Strain talks with James Pethokoukis author of "The Conservative Futurist: How to Create the Sci-Fi World We Were Promised." (fasterplease.substack.com) A Q&A with Helen Czerski author of "The Blue Machine: How the Ocean Works." (e360.yale.edu) A Q&A with Taylor Lorenz author of "Extremely Online: The Untold Story of Fame, Influence, and Power on the Internet.
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Wealth Management
OCTOBER 19, 2023
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Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
OCTOBER 19, 2023
The Labor Department's latest attempt at amending its fiduciary definition is currently under consideration by the White House’s Budget Department and is expected to be released for comment soon.
A Wealth of Common Sense
OCTOBER 19, 2023
The tax man Bill Sweet joined me on today’s show again to answer questions about expected returns in the stock market, changing income brackets and your finances, getting a late start on tax-deferred savings and borrowing from your portfolio. The post Bad Returns in the Market Aren’t Always Bad appeared first on A Wealth of Common Sense.
Wealth Management
OCTOBER 19, 2023
The Reed Finney team from Bleakley Financial and Private Capital Management expand Beacon Pointe’s presence in New Jersey and California's Bay Area.
Calculated Risk
OCTOBER 19, 2023
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 3.96 million SAAR in September; New Cycle Low Excerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2022 and 2023. Sales declined 15.4% year-over-year compared to September 2022. This was the twenty-fifth consecutive month with sales down year-over-year.
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
OCTOBER 19, 2023
FPA President James Lee explains why the FPA NextGen conference is a unique event that radiates energy from young professionals passionate about financial planning.
Trade Brains
OCTOBER 19, 2023
Jubilant FoodWorks Vs Devyani International : In the hustle & bustle of everyday life, time is of the absolute essence and food that is quickly made available to your liking is the absolute need of the hour. In this report, we will talk about two such Companies that make sure to bring you their delicious cuisine, from their kitchen to your table within a couple of minutes.
Wealth Management
OCTOBER 19, 2023
From finance to fintech disruption, CHIP founder Dana Wilson redefines fear and empowers change.
Trade Brains
OCTOBER 19, 2023
You might remember the time when Hindenburg accused the Adani Group of stock price manipulation. The financial world held its breath, and it seemed like chaos had taken over. But guess what? The tables have turned! India inaugurated its first Container Trans-shipment Port in Trivandrum Kerala, on October 15. The Vizhinjam port is at the southernmost tip of India and will help us compete with China in international maritime trade.
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
OCTOBER 19, 2023
The RIA firm acquires an Indiana-based team of 10, including three CPAs, and around $100 million in managed assets.
Advisor Perspectives
OCTOBER 19, 2023
In September, nominal home values increased for a 6th straight months while "real" home values declined for the first time in 4 months. Last month's ZHVI came in at $348,539, up 0.35% from the previous month and up 1.13% from one year ago. However, after adjusting for inflation, the real figures are -0.20% month-over-month and -5.56% year-over-year.
Wealth Management
OCTOBER 19, 2023
Kellan Brown, chief growth officer at Income Lab, discusses the integration of retirement income planning with next-gen financial advising.
Integrity Financial Planning
OCTOBER 19, 2023
From October 15 to December 7, Medicare has an open enrollment period. [1] This is the time when you can change your health plan and prescription drug coverage to adapt to your needs. [1] Every year, there are changes to Medicare health plans and networks, so make sure that you know if your coverage is changing. [1] If your coverage stays the same and you feel like it’s working for you, then you don’t have to do anything during the open enrollment period!
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
OCTOBER 19, 2023
The $270 billion firm is also getting more active in its Entrepreneurial Capital program, including helping advisors with M&A.
Clever Girl Finance
OCTOBER 19, 2023
It’s not fun to wake up and have “I don’t want to work anymore” as your first thought. You can’t enjoy the day if you’re in a funk that’s hard to shake. But it’s important to find out why you feel this way and what you can do about it. Table of contents Why you may say, “I don’t want to work anymore” 14 tips to recover from work burnout and love your job again Expert tip: Start saving money as you assess your job Got “I don’t want to work” feels?
Wealth Management
OCTOBER 19, 2023
Matthew Murphy and Rebecca Baker of Marble Wealth discuss their choice to leave UBS and opt for independence, the impact of signing on to the firm’s retire-in-place program, their age as a competitive advantage and much more.
Million Dollar Round Table (MDRT)
OCTOBER 19, 2023
By Woei Sean Tong Some experts suggest that advisors are going to be out of a job, as people are now buying everything online, including life insurance. It’s true that we buy more things online than ever. Yet, we’re not running out of business because of that. When we look into the details of what’s being bought online, it’s usually no-brainer stuff, such as toothpaste.
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
OCTOBER 19, 2023
One advisor who left, who declined to be named, said his decision to leave was motivated by the sale to Creative Planning.
The Irrelevant Investor
OCTOBER 19, 2023
Today’s Compound and Friends is brought to you by Kraneshares: See here for more information on KraneShares Global Luxury Index ETF One Month of Fundstrat Insights Free: See here Listen here: Charts: Recommendations: A24: The rise of a cultural conglomerate Reptile Tom Lee: Twitter Contact us at askthecompoundshow@gmail.com with any feedback, recommendations, or questions.
Wealth Management
OCTOBER 19, 2023
Technology should not be viewed as a replacement for advisors, but a tool that enhances their capabilities, says Fidelity's director of digital planning.
Random Roger's Retirement Planning
OCTOBER 19, 2023
For years, I've been saying that investors cannot replicate endowments like Yale and Harvard and get decent results with brokerage accessible products. Is my opinion incorrect though? Maybe. Here's the latest about Harvard from Bloomberg that included this chart of the asset allocation. Black is 2023. It's not that someone could not copy the asset class exposure, just that the return streams would not look the same and often, various forms of sophistication replication does not really work in fu
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
OCTOBER 19, 2023
Danielle Miura transitioned from being a stay-at-home mom to a career in financial planning after encouragement from her husband.
Advisor Perspectives
OCTOBER 19, 2023
Existing home sales dropped to their lowest level since 2010 as housing affordability continued to impact sales. According to the data from the National Association of Realtors (NAR), existing home sales fell 2.0% from August to reach a seasonally adjusted annual rate of 3.96 million units. This figure came in higher than the expected 3.89 million. Existing home sales are down 15.4% compared to one year ago.
Wealth Management
OCTOBER 19, 2023
The Foundation for Financial Planning and the College for Financial Planning presented their Pro Bono Volunteer Training at the virtual eMoney Summit.
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