Thu.Oct 19, 2023

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What Else Might be Driving Sentiment?

The Big Picture

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.

Media 351
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What Is Most Important to Digital Marketing Campaigns

Wealth Management

The image, ad copy and targeting should align seamlessly.

Marketing 317
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NAR: Existing-Home Sales Decreased to 3.96 million SAAR in September; New Cycle Low, First Sign of House Price Weakness

Calculated Risk

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.

Sales 281
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White House Meetings Mark Final Step Before New DOL Fiduciary Rule

Wealth Management

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.

Budgeting 312
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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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Thursday links: the symbolism of green investment

Abnormal Returns

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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Beacon Pointe Pens Two More Deals Totaling $940M in AUM

Wealth Management

The Reed Finney team from Bleakley Financial and Private Capital Management expand Beacon Pointe’s presence in New Jersey and California's Bay Area.

More Trending

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Insights from James Lee at FPA NextGen

Wealth Management

FPA President James Lee explains why the FPA NextGen conference is a unique event that radiates energy from young professionals passionate about financial planning.

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Kitces & Carl Ep 123: Does Every Prospective Client Fit A Niche, Or Do Advisor Specializations Leave More Underserved?

Nerd's Eye View

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).

Clients 246
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WealthManagement EDGE Podcast: Breaking Conventions for Inclusive Equity with Dana Wilson

Wealth Management

From finance to fintech disruption, CHIP founder Dana Wilson redefines fear and empowers change.

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Weekly Initial Unemployment Claims Decrease to 198,000

Calculated Risk

The DOL reported : In the week ending October 14, the advance figure for seasonally adjusted initial claims was 198,000 , a decrease of 13,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 209,000 to 211,000. The 4-week moving average was 205,750, a decrease of 1,000 from the previous week's revised average.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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Modern Wealth Management Adds Tax Expertise

Wealth Management

The RIA firm acquires an Indiana-based team of 10, including three CPAs, and around $100 million in managed assets.

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NAR: Existing-Home Sales Decreased to 3.96 million SAAR in September

Calculated Risk

From the NAR: Existing-Home Sales Fell 2.0% in September Existing-home sales faded in September, according to the National Association of REALTORS®. Among the four major U.S. regions, sales rose in the Northeast but receded in the Midwest, South and West. All four regions registered year-over-year sales declines. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – waned 2.0% from August to a seasonally adjusted annual rate of

Sales 173
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Revolutionizing Retirement Planning: Income Lab's Next-Gen Approach

Wealth Management

Kellan Brown, chief growth officer at Income Lab, discusses the integration of retirement income planning with next-gen financial advising.

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Fed Chair Powell: "Inflation is still too high", expects "a period of below-trend growth"

Calculated Risk

Speech by Chair Powell on the economic outlook. Excerpts: Inflation readings turned lower over the summer, a very favorable development. The September inflation data continued the downward trend but were somewhat less encouraging. Shorter-term measures of core inflation over the most recent three and six months are now running below 3 percent. But these shorter-term measures are often volatile.

Economics 173
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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Commonwealth to Expand Custodial Relationship With Schwab in 2024

Wealth Management

The $270 billion firm is also getting more active in its Entrepreneurial Capital program, including helping advisors with M&A.

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Bad Returns in the Market Aren’t Always Bad

A Wealth of Common Sense

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.

Marketing 130
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Mindy Diamond on Independence: A $770M UBS Breakaway Story

Wealth Management

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.

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CB Leading Economic Index Declines Again; Recession Forecasted for 2024

Advisor Perspectives

The Conference Board Leading Economic Index (LEI) fell for the 18th consecutive month in September as future economic weakness continue to loom. The index dropped 0.7% from last month to 104.6, the index's lowest reading since June 2020.

Economics 124
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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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PCIA, Farther Pick Up More Advisors From Goldman Sachs PFM

Wealth Management

One advisor who left, who declined to be named, said his decision to leave was motivated by the sale to Creative Planning.

Sales 276
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Jubilant FoodWorks Vs Devyani International – Which Stock Will You Choose?

Trade Brains

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.

Food 111
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Empowering Financial Advisors with Technology: Insights from Celeste Revelli

Wealth Management

Technology should not be viewed as a replacement for advisors, but a tool that enhances their capabilities, says Fidelity's director of digital planning.

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Adani Eyeing Global Expansion: India’s First Container Trans-shipment Port

Trade Brains

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.

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Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success

Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?

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From Stay-at-Home Mom to Financial Planner for Caregivers

Wealth Management

Danielle Miura transitioned from being a stay-at-home mom to a career in financial planning after encouragement from her husband.

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Zillow Home Value Index: "Real" Home Value Falls in September

Advisor Perspectives

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.

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Making a Difference Through Pro Bono Financial Planning

Wealth Management

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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Don’t lose clients to tech

Million Dollar Round Table (MDRT)

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.

Clients 103
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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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10 Must Reads for Real Estate Investors (Oct. 20, 2023)

Wealth Management

Despite their reputation as a safe haven, medical office investments carry some level of risk, reports CoStar. In quarterly earnings banks have been reporting some strain due to commercial real estate loans. These are among the must reads from the real estate investment world to wrap up the week.

Medical 173
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Don’t Forget that Medicare Open Enrollment is Here!

Integrity Financial Planning

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!

Medical 96
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Bitcoin-ETF Watchers Circle Friday as Next Key Date in Approval Race

Wealth Management

That’s when a DC court will issue a mandate that could make effective an August opinion that went in favor of Grayscale Investments, which had sued the SEC as it looked to convert its Bitcoin trust into an ETF.

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I Don’t Want To Work Anymore! 14 Ways To Recover From This Feeling

Clever Girl Finance

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?

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.