Nerd's Eye View

JULY 26, 2023

Financial plans play an important role for both clients and advisors, as they not only help clients gain a clear perspective of their current financial position, but also provide advisors with a systematic way to organize their analyses and communicate their recommendations to the client. However, there is no standard style of what is included in these plans, and as financial planning software has gotten more sophisticated and capable over time, "The Plan" has gotten longer and longer with addit

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Financial Planning Planning Clients Communication 238

The Big Picture

JULY 26, 2023

One of the more foolish arguments 1 that seem to be emanating from the Fed about their intention to raise rates another quarter point today: The 2% inflation target that has been in place pretty much the entire post-financial crisis era. There is no empirical evidence showing 2% is the optimal long-run inflation target, given the Fed’s dual mandate of price stability and maximum employment.

Economy 246

Economy Economics Numbers Banking 246

Abnormal Returns

JULY 24, 2023

Companies The backyard pool construction boom seems to be petering out. (businessinsider.com) Expansion for even the hottest restaurant chains is a crap shoot. (herbgreenberg.substack.com) In a hotter world, pest control is a growth industry. (wapo.st) AI What publishers want from AI companies. (semafor.com) Some startups that are putting AI to use in unique ways.

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Financial Advising Startup Economy Economics 246

The Reformed Broker

JULY 24, 2023

The downloads for this episode as an audio podcast are among the fastest we’ve ever seen, with over 30,000 listens in the first couple of days and counting. This will go over 45,000 by week’s end. The YouTube video is on pace to do a similar number. Combine the two and you’re talking about one of the biggest audiences in finance for a podcast episode.

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Numbers 246

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

Nerd's Eye View

JULY 25, 2023

Welcome back to the 343rd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Rita Robbins. Rita is the Founder and President of Affiliated Advisors, a Super-OSJ with Royal Alliance that provides support to 90 financial advisors and collectively oversees $3.5 billion in assets under advisement. What's unique about Rita, though, is how as the founder of one of the first woman-owned Super-OSJs nearly 30 years ago, she has witnessed first-hand the evolution of the Supe

Financial Advisor 246

Financial Advisor Compliance Recruitment Insurance 246

Abnormal Returns

JULY 27, 2023

Rates The Fed funds rate is at its highest level in 22 years. (nytimes.com) U.S. consumers are less exposed to higher interest rates than they used to be. (wsj.com) QQQ What do you get when you run a regression on the returns of the Invesco QQQ Trust ($QQQ)? (alphaarchitect.com) What you need to know about the rebalance of the Invesco QQQ Trust ($QQQ).

Financial Advising 246

Financial Advising Media Economy Banking 246

The Reformed Broker

JULY 28, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, JC Parets, and Downtown Josh Brown discuss value vs growth, JC’s favorite charts right now, volatility strategies, US homeowner equity, a strategist short squeeze, Lionel Messi in Miami, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

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Nerd's Eye View

JULY 28, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that RIAs appear to be building more comprehensive and more integrated tech stacks, and are benefiting from greater operational efficiencies, according to the latest Schwab RIA Benchmarking Study, with larger firms seeing gains in clients and AUM per professional and a reduction in annual hours spent per client for operations and administration in the past 3 y

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Financial Planner Financial Advisor Retirement Planning Financial Advice 242

The Big Picture

JULY 27, 2023

My morning train reads: • Commercial Real Estate Is in Trouble, but Not for the Reason You Think : As far as weak spots go, there are reasons for concern. Offices comprise 80% of new delinquencies in commercial real estate loans, and occupancy rates in major cities consistently hover around 50% of capacity. But the towers we once commuted to comprise just a tiny fraction of the overall commercial real estate market.

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Food Economy Banking Numbers 243

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

JULY 23, 2023

Markets Sam Ro, "I think we sometimes take for granted how much the frictions and costs have come down for those seeking to trade or invest in stocks." (tker.co) Has sentiment already peaked? (allstarcharts.com) Strategy Cullen Roche, "Insurance is designed to provide you with short-term certainty around an uncertain outlier event. And when cash is yielding a high real return I think you can argue that cash is the ultimate portfolio insurance.

Financial Advising 246

Financial Advising Insurance Economy Retail 246

The Reformed Broker

JULY 27, 2023

Bernstein raises Apple’s price target to $195 from CNBC Watch CNBC’s investment committee discuss Meta’s earnings call from CNBC Threads is not the reason why Meta’s stock is up, Ritholtz’s Josh Brown from CNBC Final Trades: GM, Charter, Live Nation & more from CNBC

Investments 130

Investments Investing 130

Nerd's Eye View

JULY 24, 2023

As a financial advisor, there are many potential sources of advice on running a practice and serving clients, from fellow advisors to coaches to academic researchers and others. Sometimes, it can be tempting to rely solely on the advice of those with an ‘in-the-trenches’ perspective, as these individuals have actually lived out a similar experience and can appreciate some of the nuanced challenges that an industry outsider might not.

Management 242

Management Financial Advisor Clients Planning 242

The Big Picture

JULY 27, 2023

 Last week, in anticipation of the FOMC meeting, I hopped into the shed with Pete Dominick, and as always, we BS about everything, from inflation to the Federal Reserve, AI, bad models, and my hacked Twitter account. Favorite quote: “ At least the Ramora fish clean the parasites from the shark …” iTunes , YouTube , Patreon , Twitter , The post SUPD: Elon Musk, AI, Bad Models & Housing appeared first on The Big Picture.

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Accounting 130

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Planning

Abnormal Returns

JULY 25, 2023

AI How to identify those companies that will benefit from AI adoption. (sparklinecapital.com) Why asset managers need their own AI sandboxes. (institutionalinvestor.com) Analysts How the work environment affects sell-side analyst performance. (papers.ssrn.com) Analysts do better forecasting the earnings of female-led companies. (alphaarchitect.com) Skew There's nothing magical about positive skew.

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Startup Valuation Taxes Accounting 246

The Reformed Broker

JULY 25, 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: ►Dow Win Streak – “U.S. stocks closed higher, with the Dow posting its longest win streak in over six years” ►Earnings Recession – The earnings recession everyone’s talking about is backward lo.

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Investments Investing Marketing Marketing 130

Nerd's Eye View

JULY 27, 2023

While many financial advisory firm owners have long-term goals that involve building a career based in a profitable and sustainable advisory firm, there are some firm owners who develop their firm as a means to explore and pursue other business endeavors. These firm owners may opt to take a backseat role in running the firm, yet must still entrust client relationships and firm management to their advisors and support team.

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Clients Communication Management Business Planning 213

The Big Picture

JULY 26, 2023

My mid-week morning train WFH reads: • Birth, Death, and Wealth Creation : Investors seeking to generate excess returns can benefit from understanding the demographics of public companies and their patterns of wealth creation: 60% percent of the stocks of U.S. public companies failed to earn returns in excess of Treasury bills; only 2% created more than 90% of the aggregate wealth.

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Media Clients Management Economy 130

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Banking

Abnormal Returns

JULY 27, 2023

Books An excerpt from "Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud" by Ben McKenzie and Jacob Silverman. (rollingstone.com) An excerpt from "Wasteland: The Secret World of Waste and the Urgent Search for a Cleaner Future" by Oliver Franklin-Wallis (gq.com) An excerpt from “Programmable Planet: The Synthetic Biology Revolution” by Ted Danton.

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Startup Media Investments Investing 245

The Reformed Broker

JULY 25, 2023

Final Trades: 3M, Live Nation, M&T Bank & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

Banking 130

Banking 130

Trade Brains

JULY 27, 2023

Jindal Steel & Power vs Jindal Stainless: The shares of various steel companies rallied in the financial year 2020-21 as they announced record earnings because of volume growth and margin expansion. The steel stocks are in focus again with many companies giving multi-bagger returns to their shareholders. Are you eying any steel stock? How about the two Jindal companies?

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Planning Manufacturing Accounting Portfolio 98

The Big Picture

JULY 24, 2023

 The transcript from this week’s, MiB: Jawad Mian, Stray Reflections , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , Stitcher , Google , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.

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Marketing Marketing Economy Valuation 130

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

Numbers

Abnormal Returns

JULY 26, 2023

Podcasts Doug Boneparth and Morgan Housel talk decision making with Cass Sunstein. (youtube.com) Christine Benz and Jeff Ptak talk with Joel Dickson of Vanguard about the state of retirement saving in America. (morningstar.com) Ten personal finance podcasts to check out including 'All the Hacks.' (money.usnews.com) Investing J.D. Roth, "Too many people try to overcomplicate investing.

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Fiduciary Duty Retirement Financial Advisor Economy 244

A Wealth of Common Sense

JULY 27, 2023

A reader asks: Can you speak to if you think the market is skewed toward benefiting the large players more than the small players if not being downright rigged against the small players? There’s a movie coming out this fall about the Gamestop saga called Dumb Money: Nick Sapienza joined me on the show to go over questions about expected returns in financial markets, setting expectations for your financial plan, the.

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Marketing Marketing Financial Planning Financial Market 98

Advisor Perspectives

JULY 26, 2023

Wealth managers must understand their clients' online behavior. Though we know them in some ways, we cannot assume their online behavior mimics what we know about them from past interactions.

Economy 98

Economy Wealth Management Clients Management 98

The Big Picture

JULY 22, 2023

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • Planet Boglehead: Vanguard Struggles to Win Over the World : America’s quirky fund giant wants to sell itself to Europe. Is anyone buying? ( Businessweek ) • New Glut City : The city’s mega-office landlords are panicking, pivoting, and shedding what’s worthless.

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Assets Clients Planning Management 130

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

JULY 24, 2023

Podcasts Stephen Clapham talks with Beth Lilly about value investing and managing a family office. (behindthebalancesheet.com) Brendan Frazier talks with Michael Thomas about the power of data visualization to affect client behavior. (wiredplanning.com) Jonathan Hollow talks with Brian Portnoy about pursuing a meaningful life. (podcasts.apple.com) Q&As A Q&A with Larry Swedroe about valuations and private credit.

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Valuation Communication Financial Planning Management 243

Carson Wealth

JULY 24, 2023

“However beautiful the strategy, you should occasionally look at the results.” — Winston Churchill How about that? As soon as we released our Mid-Year Outlook predicting the bull market to broaden out, we find the Dow Jones Industrial Index up nine days in a row. The Dow is currently on a 10-day winning streak, which is good news for markets.

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Marketing Marketing Economy Retail 98

Advisor Perspectives

JULY 24, 2023

As the recent regime changes between value and growth illustrate, momentum is unlikely to be successful in the long term.

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