Nerd's Eye View

AUGUST 21, 2023

Many financial advisors start their own firm because of an entrepreneurial itch, a desire to work with a specific type of client, or perhaps because they want to have more control over their work life. But typically, the opportunity to create and implement a marketing strategy is not one of these reasons. In fact, data from the latest Kitces Research study, How Financial Planners Actually Market Their Services, shows that many advisors find marketing to be difficult and not very effective.

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Marketing Marketing Financial Planner Clients 237

The Big Picture

AUGUST 25, 2023

The first post-pandemic presentation I pulled together for my pal Joe Fitzgerald (we worked together in the late 2000s) was a new deck titled: Biggest Mistakes Made by UHNW Investors. In the intervening year, I updated and refined the deck, adding more examples and specific advice. below is my discussion of what the presentation will be like at the MoneyShow in Orlando on October 30.

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Wealth Management Economics Assets Management 246

Abnormal Returns

AUGUST 25, 2023

The biz What some podcasting industry leaders have to say about its future. (hollywoodreporter.com) Matt Reustle and Dom Cooke on how to start a podcast the right way. (joincolossus.com) What do podcast producers do? (fastcompany.com) Spotify Spotify ($SPOT) has a white noise problem. (engadget.com) Why Anchor sold to Spotify ($SPOT) when it did. (hunterwalk.com) Marginal Revolution David Perell talks with Tyler Cowen and Alex Tabarrok about their twenty years writing the Marginal Revolution blo

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Investing Investments 246

The Reformed Broker

AUGUST 21, 2023

The Relative Strength Index or RSI is typically expressed as a 14-day reading to determine the degree to which a stock or an index is overbought or oversold, if at all. It was created in 1978 by J. Welles Wilder Jr. (here’s the book) who was a mechanical engineer by trade before turning his mathematical mind to stock and commodity trading, subsequently developing some of the most widely traded tools in technical ana.

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Engineering 246

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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

AUGUST 23, 2023

Charitable Gift Annuities (CGAs) have long been a popular way for individuals with charitable intentions to plan their legacies. By contributing a lump sum to a charity in exchange for fixed recurring payments for life (with any leftover funds after the donor's death going to the charity), the individual can ensure that their funds are directed towards a purpose that aligns with their values, while also retaining a steady source of income for the rest of their life.

Taxes 245

Taxes Retirement Clients Estate Planning 245

Abnormal Returns

AUGUST 23, 2023

Real estate A house is a place to live, not an investment. (bestinterest.blog) Baby Boomer wealth is concentrated in real estate which they will leave to their children. (awealthofcommonsense.com) A mortgage is only one of many costs of home ownership. (thomaskopelman.com) What it's like to return to apartment living after owning a house. (dwell.com) Another example of the challenges of rental real estate.

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Estate Planning Retirement Communication Taxes 246

The Reformed Broker

AUGUST 25, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Guy Spier, and Downtown Josh Brown discuss lunch with Warren Buffett, value investing, managing a hedge fund, Berkshire after Buffett, the bull case for Ferrari, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Management 237

Management Investing Investments Marketing 237

Nerd's Eye View

AUGUST 24, 2023

For many next-gen financial advisors who start with or move their careers to an established firm, eventually earning an equity stake in that firm can be an exciting prospect and is often a major career goal that many advisors aspire to achieve. However, when these aspirations are delayed or blocked by senior advisory firm partners who choose to delay their retirement plans, it can leave younger advisors frustrated and in a place of uncertainty about their futures with their firm.

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Retirement Planning Retirement Planning Communication 239

The Big Picture

AUGUST 23, 2023

Most people believe that investing is the science of generating a return on capital. That is an accurate but incomplete assessment. I believe it is more useful and comprehensive to define investing as the decision-making behavior of human beings as they interact with money: What their financial desires are, the risks they embrace, how they think about wealth, and what emotional pain they willingly suffer in order to generate that return on capital.

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Investing Investments Asset Allocation Healthcare 246

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

AUGUST 21, 2023

Asset allocation Asset allocation is not a science. (obliviousinvestor.com) Diversification reduces the risk of adverse outcomes. (barrons.com) Strategy Everyone and everything ends up underperforming at some point. (awealthofcommonsense.com) Brett Steenbarger, "Over time, unique returns cannot come from consensus thinking." (traderfeed.blogspot.com) Companies Public benefit corporations wear their values on their sleeves.

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Asset Allocation Financial Advising Media Assets 246

The Reformed Broker

AUGUST 22, 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: ►Tech Stock Roundup – Nvidia goes into earnings as the best performing stock this year, plus 221%. ►Beats Get Smoked – “The reward for EPS beats has been close to 10Y lows.” ►Musk’s Shado.

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Investing Investments Marketing Marketing 130

Nerd's Eye View

AUGUST 25, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent CFP Board survey indicates that consumers do not expect AI tools to replace human financial advisors, but rather supplement advisors' work. Further, 87% of respondents said they would trust advice from human advisors, more than any other source of advice surveyed, and well above the 37% who said they trust generative AI tools.

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Financial Planner Retirement Retirement Planning Advertising 234

The Big Picture

AUGUST 21, 2023

Source: Adam Khoo , Twitter A preface before we get into this: Michael Burry has proven himself to be a rare fund manager. He has a great ability to identify a variant perception versus the Wall Street consensus and express that view in a deeply researched market position. As we learned in Michael Lewis’ book The Big Short , he had the courage of his conviction to stay with his position even as lots of others opposed it.

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Marketing Marketing Sales Management 246

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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

Accounting

Abnormal Returns

AUGUST 22, 2023

Markets The stock market is laser focused on interest rates. (theirrelevantinvestor.com) Do market valuations mean revert over time? (thediff.co) Why there's never a shortage of pundits willing to make a big market call. (wsj.com) Finance A look at recent Blackstone ($BX) fund performance. (morningstar.com) Retail investors love trading Nvidia ($NVDA) options.

Financial Advising 246

Financial Advising Valuation Retail Media 246

The Reformed Broker

AUGUST 22, 2023

Final Trades: NextEra Energy, Stryker & Zimmer Holdings from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Nerd's Eye View

AUGUST 22, 2023

Welcome back to the 347th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Cary Carbonaro. Cary is the Senior Vice President & Director of Women and Wealth Services for Advisor Capital Management, an independent RIA with offices around the country and headquartered in Charlotte, North Carolina, that oversees more than $6 billion in assets under management for 1,700 client families.

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Financial Advisor Media Sales Clients 213

The Big Picture

AUGUST 19, 2023

This week, we speak with legal scholar Cass Sunstein , who founded and leads Harvard Law School’s Program on Behavioral Economics and Public Policy. He has authored numerous books, including the NYT bestseller The World According to Star Wars as well as “ Nudge: Improving Decisions About Health, Wealth and Happiness ” (written with Richard H. Thaler); and “ Noise: A Flaw in Human Judgment ” (written with Danny Kahneman).

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Economics Management Investing Investments 246

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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

Abnormal Returns

AUGUST 20, 2023

Strategy How to think about the bond sleeve of your portfolio. (fortunesandfrictions.com) The rise in interest rates is taking its toll on muni bond closed-end funds. (wealthmanagement.com) Finance Higher real yields are going to impact all manner of sectors. (mrzepczynski.blogspot.com) There's no insurance without reinsurance. (nytimes.com) Policy Kyla Scanlon, "Money can do a lot of things, but the laws of physics and biology supersede the almighty Dollar.

Financial Advising 245

Financial Advising Insurance Media Retirement 245

The Reformed Broker

AUGUST 24, 2023

Final Trades: Cheniere Energy, B&G Foods, & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

Food 130

Food 130

NAIFA Advisor Today

AUGUST 24, 2023

Three best-in-class associations will integrate operations to amplify their impact on advocacy and education for financial service professionals and promote financial wellness for American consumers. The National Association of Insurance and Financial Advisors (NAIFA), the Society of Financial Service Professionals (FSP), and Life Happens announced plans to come together as one organization, pending membership approval.

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Financial Services Education Insurance Financial Advisor 98

The Big Picture

AUGUST 21, 2023

My back-to-work morning train WFH reads: • The Legendary, Wildly Profitable QQQ Fund Makes No Money for Its Owner : An historical artifact prevents Invesco from profiting from its flagship ETF. The company’s Q-themed offshoots are finally solving that problem. ( Businessweek ) • The New York Fed President Sees Interest Rates Coming Down With Inflation : In a wide-ranging interview with The New York Times, John C.

Economy 246

Economy Economics Portfolio Assets 246

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

AUGUST 23, 2023

Strategy Better investing comes from better decision making. (ritholtz.com) Quant strategies are not free from human input. (blog.validea.com) The only way to learn about investing is actually putting money on the line. (flyoverstocks.com) Expertise does not shield you from failure. (portfoliocharts.com) Finance Zero-day options are coming to Europe.

Communication 245

Communication Financial Advising Media Economy 245

Alpha Architect

AUGUST 25, 2023

Wall Street’s product machine is continuously pumping out fairy tales; structured products should be avoided. Structured Notes Are Financial Fairy Tales was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

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Calculated Risk

AUGUST 25, 2023

From STR: U.S. hotel results for week ending 19 August Following seasonal patterns, U.S. hotel performance declined from the previous week but showed most positive comparisons year over year, according to CoStar’s latest data through 19 August. 13-19 August 2023 (percentage change from comparable week in 2022): • Occupancy: 67.0% (-0.1%) • Average daily rate (ADR): US$154.10 (+1.8%) • Revenue per available room (RevPAR): US$103.22 (+1.8%) emphasis added The following graph shows the seasonal pat

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Advisor Perspectives

AUGUST 25, 2023

The S&P 500 see-sawed the entire week but finished the week in the green. The index rose 0.82% from last Friday, ending a 3-week streak of losses. The index is currently up 15.21% year to date and is 8.15% below its record close from January 3, 2022.

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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

AUGUST 25, 2023

Markets The stock market is kinda stuck. (allstarcharts.com) The spreads on corporate bonds are still near their recent lows. (axios.com) Strategy Why we are so prone to overconfidence. (ritholtz.com) Sentiment is cyclical, but is still difficult to profit from. (monevator.com) Finance On the prospects for an IPO revival. (ft.com) Loans are still not securities.

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Financial Advising Retail Media Economy 243

Alpha Architect

AUGUST 24, 2023

This piece outlines the high-level benefits of the ETF structure, which boils down to market access, tax efficiency, and transparency. It covers the considerations for a 351 tax-free conversion and the mechanics and tax consequences of a 351 conversion. The case for the tax-free conversion of SMAs into an ETF via Section 351 was originally published at Alpha Architect.

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Taxes Marketing Marketing Investing 98

The Irrelevant Investor

AUGUST 21, 2023

We got an email in response to Ben’s excellent post, You Probably Need Less Money Than You Think For Retirement, that is worth sharing. re : retirees underspending. I retired at 36 and turn 60 next year, and am of course a latedad with a 7 and 5 year old. I estimate I live off 1/3rd of my cash flow, and of course some of my assets are also appreciating.

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