Nerd's Eye View

NOVEMBER 28, 2024

How much to charge for financial advice is rarely a decision made lightly. A firm's pricing strategy often reflects both the local market (or niche-related) norms – such as the nearly-ubiquitous 1%. Others may align with broader industry trends, like transitioning to fee-only structures to buffer against market volatility. Still others may choose a hybrid model, combining AUM fees with additional charges for other services like tax planning.

Clients 244

Clients Financial Planner Fee Only Financial Planning 244

The Big Picture

NOVEMBER 15, 2024

 This week, we speak with Colin Camerer , Robert Kirby Professor of Behavioral Finance and Economics at California Institute of Technology. Prior to joining Caltech in 1994, Camerer was a faculty member at various institutions including the University of Chicago GSB and the Kellogg Graduate School of Business at Northwestern University, and held a visiting professorship at Oxford University.

Portfolio Management 316

Portfolio Management Economics Portfolio Assets 316

Abnormal Returns

NOVEMBER 13, 2024

Podcasts Dan Haylett talks retirement transitions with Victoria Barker, co-founder of Beyond Your Career. (humansvsretirement.com) Katie Gatti Tassin talks money dysmorphia with Clay Cockrell, a therapist for the ultra high-net worth crowd. (podcast.moneywithkatie.com) Home ownership Should you put down more than 20% on a new home? (ofdollarsanddata.com) Add rising HOA fees to the rising costs of home ownership.

Retirement 173

Retirement Insurance Planning 173

A Wealth of Common Sense

NOVEMBER 19, 2024

The best compliment I can offer any financial writer: I wish I had written that. I’ve had that thought about John Rekenthaler’s work numerous times over the years. I’ve always admired his common sense, straight-shooter approach to investment writing. Last week, Rekenthaler penned his farewell column for Morningstar. Instead of providing a retrospective on his own career, he wrote an ode to the U.S. stock.

Investing 142

Investing Investments Marketing Marketing 142

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

NAIFA Advisor Today

NOVEMBER 12, 2024

A recent study supported by the American Council of Life Insurers (ACLI), and conducted by economists Mark Warshawsky and Gaobo Pang, reveals that retirees could see better financial outcomes by incorporating annuities into their retirement income strategy, rather than relying solely on the traditional “4% rule.” This research underscores the importance of a diversified approach to retirement, especially in light of market fluctuations, inflation, and the uncertainty around life expectancy.

Retirement 138

Retirement Insurance Marketing Marketing 138

Nerd's Eye View

NOVEMBER 18, 2024

In recent years, AI has become an increasingly common feature in advisor technology. The possibilities at the intersection of AI and financial advice are exciting – faster processes, better connections, less time on ‘busy work’ – but also come with uncertainty about the future of the field. What might the field of financial advice even look like in 10 years?

Financial Advice 223

Financial Advice Clients Portfolio Marketing 223

The Big Picture

NOVEMBER 29, 2024

@TBPInvictus here (link is now to Bluesky) Let’s cut to the chase: A Hoover Institution analysis of California private job creation is off by a factor of 100. Between January 2022 and June 2024, the state created 523,700 private sector jobs — not 5,400 as claimed. MSM uncritically repeated the false number. I spend far too much time debunking economic b t.

Government 356

Government Media Economics Numbers 356

Abnormal Returns

NOVEMBER 6, 2024

Podcasts Christine Benz and Amy Arnott talk the state of retirement with Anne Tergensen of the WSJ. (morningstar.com) Barry Ritholtz talks shareholder yield with Meb Faber of Cambria Investments. (ritholtz.com) Carl Richards talks avoiding burnout with Jonny Miller. (podcasts.apple.com) Taxes A year-end tax planning checklist. (kindnessfp.com) How to think about taxes in early retirement.

Estate Planning 173

Estate Planning Tax Planning Retirement Taxes 173

A Wealth of Common Sense

NOVEMBER 5, 2024

As Charlie Munger liked to say, “Invert, always invert.” Here are some things about investing that I don’t believe: I don’t believe there is a sole way to invest. Everyone has a different emotional make-up and lesser version of themself. Plus, experiences and circumstances can shape your attitudes towards risk and return. There are a lot of strategies that can work.

Investing 142

Investing Investments 142

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 4, 2024

Aspen Standard Wealth has taken a majority stake in Summitry, a $2.8 billion RIA, as it aims to hold wealth management firms permanently and solve some of their pain points.

Wealth Management 137

Wealth Management Marketing Marketing Management 137

Calculated Risk

NOVEMBER 27, 2024

The BEA released the Personal Income and Outlays, October 2024 report for October: Personal income increased $147.4 billion (0.6 percent at a monthly rate) in October , according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes, increased $144.1 billion (0.7 percent) and personal consumption expenditures (PCE) increased $72.3 billion (0.4 percent).

Food 121

Food Taxes Economics 121

Nerd's Eye View

NOVEMBER 26, 2024

Welcome everyone! Welcome to the 413th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Kevin Leahy. Kevin is the CEO of Connecticut Wealth Management, an RIA based in Farmington, Connecticut, that oversees approximately $4 billion in assets under management for 1,100 client households. What's unique about Kevin, though, is how his firm has built a systematized internal advisor training program to efficiently onboard young new talent straight out of college, main

Wealth Management 238

Wealth Management Financial Advisor Clients Planning 238

The Big Picture

NOVEMBER 27, 2024

Next time you encounter a calm pond or lake with a nice, smooth surface, pick up a rock and toss it into the water. The result will be very predictable: concentric rings will expand out from where the mass disrupts the calm surface. This is how models depict the economy. Once the surface settles down, repeat the exercise. Only this time, have 10 of your friends grab big scoops of rocks of various sizes, from pebbles to boulders, and randomly throw them into the water over minutes, hours, and day

Economy 200

Economy Retail Portfolio Assets 200

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

Abnormal Returns

NOVEMBER 3, 2024

Top clicks this week Why rates are bucking the Fed. (sherwood.news) How major asset classes performed, or didn't, in October 2024. (capitalspectator.com) What's behind weakness in the long end of the curve? (apolloacademy.com) Why mortgage rates are rising. (axios.com) This device is the equivalent of an 'EV gas can.' (newatlas.com) Institutional investor ownership of single-family homes is concentrated in certain geographies.

Assets 182

Assets Investing Investments 182

A Wealth of Common Sense

NOVEMBER 28, 2024

On this week’s show we also touched on questions about diversification as a younger investor, a pep talk for younger generations, financial planning with Chat GPT and paying down your mortgage vs. investing in fixed income. Further Reading: Why I’m Selling Some Bitcoin The post Is It Too Late to Buy Bitcoin? appeared first on A Wealth of Common Sense.

Financial Planning 139

Financial Planning Planning Investing Investments 139

Alpha Architect

NOVEMBER 1, 2024

The authors of the research discussed developed a machine learning model that can accurately predict trading volume for individual stocks. They then demonstrated how this model can be used to construct a portfolio that outperforms a traditional market-cap weighted portfolio. Using Trading Volume to Optimize Portfolio Construction and Implementation was originally published at Alpha Architect.

Portfolio 128

Portfolio Marketing Marketing 128

Wealth Management

NOVEMBER 4, 2024

The commission settled charges that Wahed Invest violated the ad rule when including a pro soccer player and MMA athletes in marketing without clarifying that they weren’t clients and were compensated.

Commission 129

Commission Clients Investing Investments 129

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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

Planning

Nerd's Eye View

NOVEMBER 29, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent study from Cerulli Associates shows that consumer trust in financial services companies has increased significantly over the past decade, with firms that provide a more personalized approach to providing financial advice seeing the best results.

Financial Planner 241

Financial Planner Financial Advice Retirement Financial Advisor 241

The Big Picture

NOVEMBER 18, 2024

Well, that was a lot more fun than I expected! I submitted the final manuscript for my new book, How Not to Invest , last week. The final edit will involve some back-and-forth, but the writing is finished. I recall “ Bailout Nation ” as more of a slog, in part because so much of it happened in real-time. I constantly rewrote entire chapters as various companies blew up.

Investing 217

Investing Investments Media 217

Abnormal Returns

NOVEMBER 12, 2024

Corporate finance Why companies are staying private longer. (marginalrevolution.com) A review of "The M&A Failure Trap: Why Most Mergers and Acquisitions Fail and How the Few Succeed" by Baruch Lev and Feng Gu. (blogs.cfainstitute.org) Private equity Quants are turning their attention to model private equity returns. (bloomberg.com) The problem with IRR for private equity funds.

Financial Advisor 173

Financial Advisor Investing Investments Marketing 173

A Wealth of Common Sense

NOVEMBER 17, 2024

People are terrible at self-regulation and self-awareness when it comes to eating. One study asked people how much bread they ate after leaving an Italian restaurant. Nearly one-third of the diners couldn’t recall how much they had. And 12% of the people who ate bread denied having eaten any at all. When asked how much food they consumed in a meal, people of average weight assume they’ve eaten 20% less than th.

Portfolio 141

Portfolio Food 141

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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

Banking

Calculated Risk

NOVEMBER 7, 2024

From Manheim Consulting today: Wholesale Used-Vehicle Prices Declined in October Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in October compared to September. The Manheim Used Vehicle Value Index (MUVVI) fell to 202.8, a decline of 3.2% from a year ago. The seasonal adjustment to the index reduced the change for the month, as non-seasonally adjusted values declined at a higher rate.

Consulting 110

Consulting Sales 110

Wealth Management

NOVEMBER 19, 2024

The deal marks Robinhood’s entrance into the wealth management space, as it aims to connect its investors with human advisors.

Wealth Management 121

Wealth Management Management 121

Nerd's Eye View

NOVEMBER 19, 2024

Welcome everyone! Welcome to the 412th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Anjali Jariwala. Anjali is the Founder of FIT Advisors, an RIA based in Torrance, California (but works virtually with clients nationwide) and oversees $65 million in assets under management for 45 client households. What's unique about Anjali, though, is how she has tripled her annual revenue from $250,000 to $750,000 during the past 6 years, while only adding a net of 10 cli

Clients 187

Clients Financial Advisor Business Planning Taxes 187

The Big Picture

NOVEMBER 8, 2024

 This week, we speak with New York Times Global Economic Correspondent Peter Goodman. Prior to the New York Times, Peter began his career as a freelance writer in Southeast Asia before serving as The Washington Post’s Asia Economic Correspondent and later Shanghai Bureau Chief. He has since reported from over 36 countries, holds two Gerald Loeb awards and eight prizes from the Society of American Business Editors and Writers.

Economics 189

Economics Management 189

Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor

During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.

Financial Advice

Abnormal Returns

NOVEMBER 29, 2024

Markets A look at the best performing stocks of the past 20 years. (bespokepremium.com) The great bond bull market is over. (mrzepczynski.blogspot.com) Strategy No one is immune from investment FOMO. (awealthofcommonsense.com) How much foreign equity does your target-date fund own? (wsj.com) Finance The ownership base of Berkshire Hathaway ($BRK.A) stock is set to dramatically change.

Media 162

Media Retail Economy Economics 162

A Wealth of Common Sense

NOVEMBER 12, 2024

The S&P 500 is up 27% in 2024. We’re quickly closing in on a 30% gain for the calendar year. How rare is that feat? It happens more often than you would think. Here’s a look at every calendar year return on the S&P 500 going back to 1928: The 30% gains are highlighted. By my count, there were 18 years in which the stock market finished with a gain of 30% or more.

Marketing 145

Marketing Marketing 145

Calculated Risk

NOVEMBER 21, 2024

From the NAR: Existing-Home Sales Grew 3.4% in October; First Year-Over-Year Gain Since July 2021 Existing-home sales rose in October, according to the National Association of REALTORS®. Sales improved in all four major U.S. regions. Year-over-year, sales elevated in three regions but were unchanged in the Northeast. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – expanded 3.4% from September to a seasonally adjusted annua

Sales 116

Sales 116