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Inflation is now front and center in the minds of investors as domestic measures of consumer prices reach levels not seen in a generation: This is obviously a sea change for investors long accustomed to the benign inflationary environment that has prevailed with little interruption for several decades. Since I have written on the topic and its impact on financial assets on several different occasions I thought it would be worthwhile to revisit some of those ideas now that inflation has returned.
Powered by innovative technologies, the financial planning business model is rapidly evolving into a sustainable fee-based revenue stream. The financial services enterprise companies that have already empowered their advisors to implement the latest approaches demonstrate powerful growth and are driving incremental revenues to scale. For some, like LPL Financial, the gross financial planning revenue has almost doubled since implementation!
PwC has shared with us the results of their 2022 Global Risk Survey. It has some interesting stuff, although (as usual) doesn’t go far enough for me. Their food stuff includes: In this turbulent business environment, many executives find the need to revise and adapt their strategies and operating models at a rapid pace. They […].
As a financial advisor, LinkedIn is your first impression in the world of business and social media. If a potential client is considering you to become their financial planner, they will often look beyond your website to places like LinkedIn.
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
In this week’s podcast, Tom and Casey discuss how the market has priced in a severe recession, and what that means moving forward. The guys review the latest charts and data points they’ve been paying attention to. With many of them pointing to improvements in inflation. As always, we’re here this week to keep things […] In this week’s podcast, Tom and Casey discuss how the market has priced in a severe recession, and what that means moving forward.
The financial services industry can seem like just a world of transactions but at its core are relationships. Expertise aside, trustworthiness is a critical quality of a financial advisor. After all, it’s not just tangible assets you’re managing. It’s your clients’ goals and dreams. But what happens to trust and relationships in an increasingly digital world?
By Marques Ogden . . Athletes don’t take to the field, to the pool or to the court without a trusted coach to help them train for optimal performance. . A coach is someone who cares deeply about your development. But a coach is only effective if their athletes have the ability to be an active listener. Especially if your coach is someone you want to be like or is doing what you want to do.
By Marques Ogden . . Athletes don’t take to the field, to the pool or to the court without a trusted coach to help them train for optimal performance. . A coach is someone who cares deeply about your development. But a coach is only effective if their athletes have the ability to be an active listener. Especially if your coach is someone you want to be like or is doing what you want to do.
What do you usually do when you want to see your friends? Go to an expensive restaurant? See a movie? These things are fun, but they aren’t going to help your wallet much. It’s a really great feeling when you can spend time with friends without having to spend money. But if you aren’t spending money, won’t you end up doing something lame, or worse, not hanging out at all?
4 MIN READ. In 2018, Simidele (sim-me-day-lay) Adeagbo (ah-day-ahg-bow) became the first Nigerian Winter Olympian and the first African and Black woman to compete in skeleton (a sport in which athletes hurl themselves headfirst on a sled down an icy hill at 80 miles an hour) at the Olympics. All while navigating a predominantly Eurocentric, male-dominated sport on the world's biggest stage, where a woman of color had never been represented.
Ideal employees don’t wear suits. Software engineers only wear hoodies. Tech innovators don turtlenecks. Most financial advisors are taught that to be successful, then we need to dress the part. You want to earn a million, dress like you’ve already reached that point. If you want your handshake to be impactful, strap on that Rolex.
Advisor Group’s acquisition of American Portfolios Financial Services reminds independent reps whose broker dealer recently sold that whether content or not with your firm, the news is unsettling. So what does an IBD advisor do next? Here are 4 things that can help you to regain control of your business life. News of major acquisitions of broker dealers is nothing new—particularly in recent years.
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.
I’m sure you spend loads of time figuring out financials for your clients. But, when was the last time you spent the same amount of time on your business? Building a road map for your business is crucial, especially if you own, operate, or work for a small-to-medium-sized RIA.
Using our Fresnel framework, The Change Finance site draws inspiration from the beauty of nature to support the site’s branding, design, and long-term goals.
Closing out the podcast with Eric Crittenden and Jason Buck on one point they made almost in passing that came back to me today. First we looked at Crisis Alpha from their conversation, then a more wide ranging recap and today, the idea of risk transfer as an asset class, or more correctly an uncorrelated income stream. The idea intrigues, it has intrigued me for years and years and have blogged about it going back to before any of the US exchanges were publicly traded.
If you have changed jobs or perhaps recently retired, chances are you were contributing toward your retirement in a 401K (or 403b) and have built up a balance in your account. What should you do with the balance in your account after you leave your job? Well, that depends on your situation. Here is a chart I have made with the pros and cons of the options available to you.
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?
This week brings the sixth installment of my series on making behavioral finance actionable. The previous five are linked below. Part One: The Experiment Part Two: The Misinformation Milieu Part Three: The Method Part Four: The Mindset Part Five: The Great Mistake In this missive, I’ll begin to outline some techniques for making better decisions.
There's a reason why index funds have more than $10 trillion in assets. Picking stocks that outperform the market is very difficult. When you look at potential outperformance relative to the time, energy, and frustration it takes to beat the market, most investors come to the conclusion that it just isn't worth it. One of the most illuminating papers on this comes from Hendrik Bessembinder , who found that of the 26,168 firms that listed public equity between 1926 and 2019, 15,132 of them (58%)
How can you instill wise financial decisions at a young age? Brian shares his favorite financial app for kids and teens and how these healthy habits can pay off in the long-run. Inflation means that prices for everything is going up. Delta Dental found in a poll that kids received more than $5 a tooth from the “tooth fairy” this year! Is this a teachable moment for your kids?
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
What is the cornerstone of your financial planning process? Solid money management is table stakes, not a differentiator. What really stands out is when you help clients be thoughtful about “what’s the money for” and then align their money to support the life they want to live and be in harmony with their values. Advisors who learn how to help clients make those connections will be providing a valuable service that creates clients for life.
Almost all businesses need marketing, from supermarkets to mega conglomerates. Marketing is the lifeblood of any successful company because it brings in new prospects and keeps current ones interested. Advisors use marketing as a way to grow your business and increase clients. Now as a financial advisor, your marketing might look different compared to someone in the insurance field or the grocery game.
In this week’s video, Tom discusses 4 things he wishes investors knew about navigating the market here in 2022. When investors are preparing for retirement, it’s tempting to want to “turn off the risk” in their accounts. Tom explains why that’s not a good idea while he walks through some numbers regarding how long retirements […].
Episode #425: Dan Ariely, Irrational Capital – Investing in Human Capital Guest: Dan Ariely is a Founding Partner of Irrational Capital and a leading behavioral economist, author, entrepreneur and a James B. Duke Professor of Psychology and Behavioral Economics at Duke University. He is also a founding member of the Center for Advanced Hindsight. Date […].
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We’ve always been proud of the work we do at Appletree Business Services , from bookkeeping to payroll and tax-keeping packages, but it’s also satisfying to hear that your work has been recognized by some of the luminaries in your field. In the case of our founder, Steve Feinberg, his years of work and achievements have culminated in the prestigious lifetime achievement award for the year 2022 by the Professional Association of Small Business Accountants.
Today’s Animal Spirits is brought to you by YCharts: Mention Animal Spirits and receive 20% off your subscription price when you initially sign up for the service. On today’s show we discuss: How long does it take for stocks to bottom in a bear market The 60/40 portfolio will be back again So bearish it hurts Mortgage rates at 6%, credit card rates at 20% How much money is needed for an ideal life The best retirement spending advice US home equity hits record high BlockFi in trouble?
Presented by Cornerstone Financial Advisory, LLC. Stocks moved lower last week as recession fears deepened following a Fed hike in interest rates and weak economic data. The Dow Jones Industrial Average fell 4.79%, while the Standard & Poor’s 500 dropped 5.79%. The Nasdaq Composite index slid 4.78% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, slumped 4.51%. 1,2,3.
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.
Commuting to and from work is becoming increasingly expensive with the rising fuel prices. With these record high gas prices, this surge is impacting all aspects of our lives including our businesses.
The truth is that taking the time to get educated about the opportunities available is a smart business decision—regardless of whether you want or are ready to make a move. Advisors often wonder if there’s a right time to embark upon the due diligence process. And the reality is that it’s important that they always stay aware and educated about the opportunities around them—particularly in an environment that’s evolved rapidly over the last several years.
This International Women's Day, we are excited to share our findings about women in the financial services industry based on our experience of working with hundreds of different advisory firms.
In a Nutshell: Advisors have an extraordinary opportunity to understand their clients at a deeper level. To take advantage, all you need is curiosity, empathy, and a willingness to explore how past experiences with money are affecting financial choices today. Master these conversations and you’ll be able to facilitate positive behavior change, which is a skill — and a service — that will never become obsolete.
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.
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