The Big Picture

AUGUST 8, 2023

I love FRED — I am a big user of their charts and data (and even their swag ). Where I go full heterodox are in things like the Macroeconomic Uncertainty Index, which is a recent addition to FRED’s awesome database. It is a “monthly measure of how unpredictable overall economic conditions are 1 month, 3 months, and 1 year ahead.” FRED’s post on it observed that “Economists Kyle Jurado, Sydney Ludvigson, and Serena Ng use a set of 132 individual macroeconomic t

Distribution 246

Distribution Economics Communication Media 246

Abnormal Returns

AUGUST 11, 2023

Strategy Bonds are showing positive real yield for the first time in a long time. (ft.com) Why Seth Klarman spearheaded a re-write of Graham and Dodd's classic "Security Analysis." (institutionalinvestor.com) Active ETFs are the future. (ft.com) Goldman Sachs Goldman Sachs ($GS) has a morale problem. (nymag.com) Why fingers are being pointed at Goldman Sachs' ($GS) CEO David Solomon could use a friend.

Startup 246

Startup Financial Advising Economy Media 246

The Reformed Broker

AUGUST 5, 2023

We had a lot of fun with Joe Terranova and Mark Fisher on the show this week. Mark shared a lot of behavioral stuff about what it takes to make it as a trader. It’s not for everyone and it costs a lot to find this out. I was fascinated by the discussion and judging for the feedback we’ve gotten, a lot of our listeners were as well. You can watch the full episode here: Or find it on your favorite podcast ap.

246

246

Nerd's Eye View

AUGUST 9, 2023

The original SECURE Act, signed into law in December 2019, changed many of the long-standing rules governing IRAs and other retirement accounts, and no single measure in the legislation had a more seismic impact on planning than the changes to the post-death distribution rules for retirement accounts. Specifically, the law stipulated that "Non-Eligible Designated Beneficiaries" (i.e., designated beneficiaries who are neither surviving spouses nor fall into a limited number of other categories) w

Accounting 239

Accounting Retirement Distribution Government 239

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

The Big Picture

AUGUST 9, 2023

My RWM colleagues Josh Brown and Michael Batnick do a bang-up job each week diving into the specifics of the newsflow in What Are Your Thoughts? Don’t miss my favorite chart from this week’s discussion 46 minutes deep into the episode ; its from Bank of America by way of Batnick (above). All of the fall-off surrounding the 8% pullback in S&P 500 profits — literally, more than 100% of it — is due to the huge drop in energy profits.

Communication 246

Communication Banking Numbers 246

The Reformed Broker

AUGUST 11, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Bob Elliott, Ben Carlson, and Downtown Josh Brown discuss Bob’s time running money at Bridgewater, CPI, global macro, the labor market, why hedge funds are typically bearish, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Marketing 130

Marketing Marketing 130

Nerd's Eye View

AUGUST 7, 2023

Welcome to the August 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, underlying trends, and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that estate planning platform Wealth.com has launched Ester, an AI-driven 'legal assistant' that uses machine learning to help advisors quickly review and extract the key information from clients' estate plan

Estate Planning 231

Estate Planning Wealth Management Financial Advisor Planning 231

The Big Picture

AUGUST 11, 2023

My end-of-week morning train WFH reads: • Seth Klarman on What Makes a Value Investor and Committing ‘Sacrilege’ in New Edition of ‘Security Analysis.’ Klarman edited the classic to remind investors of basic principles — but he questions “how much of this will be read by institutional investors who may think they know it all.” ( Institutional Investor ) • Flying Cars Are Nearly Here—and They’re Electric : Companies like Joby and Archer are about to begin production of electric vertical takeoff a

Math 245

Math Management Numbers Investing 245

Abnormal Returns

AUGUST 9, 2023

Podcasts Christine Benz and Jeff Ptak talks with Manisha Thakor about her new book ”MoneyZen: The Secret to Finding Your “Enough.” (morningstar.com) Peter Lazaroff talks with John Jennings, author of "The Uncertainty Solution" about how to invest with confidence in inherently uncertain markets. (peterlazaroff.com) Fraud How an empty lot was sold without the owner's knowledge or consent.

Insurance 246

Insurance Retirement Investing Investments 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

The Reformed Broker

AUGUST 8, 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: ►A Textbook Buyable Dip – “Developing as a Textbook Seasonal Correction” ►Higher Rates? NBD – “S&P 500 Companies Are Still Benefiting From the Era of Low Interest Rates” ►Reason.

Investing 130

Investing Investments Marketing Marketing 130

Nerd's Eye View

AUGUST 8, 2023

Welcome back to the 345th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Lori Van Dusen. Lori is the CEO of LVW Advisors, an independent RIA based in Pittsford, New York, that oversees more than $2 billion in assets under management for over 450 small-to-mid-sized institutions and ultra-high-net-worth families. What's unique about Lori, though, is how through her multi-decade career, she has built a deep expertise in the investment intricacies and complex issue

Investing 229

Investing Investments Financial Advisor Compensation Planning 229

The Big Picture

AUGUST 11, 2023

I am super jazzed for this year’s Future Proof. Our second go-around is even bigger and better than last year’s! It is nothing like the usual financial conference — it’s totally outdoors, right on the Pacific in Huntington Beach. We took over all 5 hotels for the 3000 attendees, including 1,000 registered advisors and over 500 sponsors.

Food 242

Food Media Management Assets 242

Abnormal Returns

AUGUST 8, 2023

Quant stuff James Picerno, "In short, there are no silver bullets for building a solid backtest." (capitalspectator.com) How ChatGPT can suss out information in company filings. (marginalrevolution.com) Quants have beliefs: in their systems not a narrative. (mrzepczynski.blogspot.com) C-suite How the stock ownership of medical device company CEOs affects recalls.

Marketing 246

Marketing Marketing Medical Economics 246

Advertisement

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

Wealth Management

AUGUST 11, 2023

Utah-based Alpine Securities is challenging the constitutionality of FINRA. Given recent judicial decisions from more conservative courts, some legal scholars think it may succeed.

98

98

Nerd's Eye View

AUGUST 11, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Massachusetts Secretary of the Commonwealth has launched an investigation into how investment firms are using artificial intelligence-enabled technologies, echoing concerns expressed by the SEC that these tools could be used to put the firms' interests ahead of their clients if the methods of the developers who create the tools and the 'training' the AI goes through is

Financial Planner 200

Financial Planner Certification CFP Clients 200

The Big Picture

AUGUST 10, 2023

A quick note on today’s BLS report on the Consumer Price Index (CPI), which rose 0.2% in July on a seasonally adjusted basis, Over the last 12 months, the CPI has increased 3.2%. Once again, the biggest part of the gains was for shelter. As I have noted before, the entity primarily responsible for rising home prices higher is the Fed. There are numerous ways to measure price increases, and I wanted to highlight a specific approach the BLS occasionally references: “The 16% trimmed-mea

Distribution 241

Distribution Food 241

Abnormal Returns

AUGUST 7, 2023

Crypto PayPal ($PYPL) has launched its own stablecoin. (theverge.com) Five questions about the PayPal stablecoin. (coindesk.com) Companies How Apple ($AAPL) saves money on new chips manufactured by Taiwan Semi ($TSM). (theinformation.com) Uber ($UBER) seems to have threaded the needle. (youngmoney.co) A closer look at Berkshire Hathaway's ($BRK.A) second quarter results.

Financial Advising 246

Financial Advising Manufacturing Media Economy 246

Advertisement

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

Wealth Management

AUGUST 10, 2023

The U.S. wealth business is still the sweet spot for CI Financial, growing earnings by nearly half as the firm continues integrating its acquired RIAs under the new Corient brand.

98

98

Nerd's Eye View

AUGUST 10, 2023

Financial advisors who have established and successfully built up their advisory firms over several years can often go through many stages of firm development, requiring them to hire staff and additional advisors to manage their growing clientele. When a firm becomes large enough, though, the firm owner may be compelled to consider stepping away from their long-standing work as a client-facing financial advisor into a more pronounced business leadership role to manage the growing business.

Financial Advisor 192

Financial Advisor Clients Communication Management 192

Trade Brains

AUGUST 11, 2023

Best Penny Stocks with High Net Profit Margin: From time to time we come across penny stocks which soared 500%, even 1,000% in value making their investors richer. Such companies score better than their peers on key metrics such as return on equity, profit margins, etc. This enables them to earn higher profits than their small peers. Such growth on a small base brings multi-bagger stock returns to investors.

Pharmaceutical 98

Pharmaceutical Financial Services Sales Consulting 98

Abnormal Returns

AUGUST 6, 2023

Markets Cullen Roche, "This has been one of the more fascinating years in economic and market history." (disciplinefunds.com) Countertrend rallies shouldn't be surprising. (awealthofcommonsense.com) Apple Why Apple ($AAPL) may be the most important company in history. (blairbellecurve.com) You don't need an 'everything app' when you already have the 'everything phone.

Financial Advising 246

Financial Advising Startup Economics Valuation 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

Brown Advisory

AUGUST 11, 2023

The Equity Beat: Old Economy Stocks Aging Like Fine Wine mhannan Fri, 08/11/2023 - 17:10 Unlike my good friends who frequent Baltimore’s finest dining establishments about as often as the division-leading Orioles win (you know who you are), I would never be confused for a wine connoisseur. Yet through osmosis I’ve learned that aging affords some wines time to become smoother and mellower, developing a fuller flavor as the months and years pass.

Economy 98

Economy Manufacturing Clients Economics 98

Alpha Architect

AUGUST 11, 2023

There are various measures of value and quality, with one being Marx’s gross profits-to-assets. Value and Profitability/Quality: Complementary Factors was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Assets 98

Assets Investing Investments 98

Calculated Risk

AUGUST 10, 2023

Today, in the Calculated Risk Real Estate Newsletter: The Long-Term Housing and Population Shift A brief excerpt: Something different … Here is a look at the last 50 to 60 years, and some predictions about the next 50+ years. First, here is a graph from the Census Bureau showing the Median Center of Population for the United States: 1880 to 2020 A key driver of the westward movement was the availability of water , and this boosted population growth in California, and in several other states like

98

98

Abnormal Returns

AUGUST 8, 2023

Strategy Don't make your investments based on who is in the White House. (retirementresearcher.com) When do dividend-focused strategies outperform? (morningstar.com) Semiconductors Arm Holdings is planning investments from Apple, Samsung and Intel on its IPO. (asia.nikkei.com) Taiwan Semi ($TSM) is building a big chip factory in Germany. (retirementresearcher.com) Weight loss In a study, Novo Nordisk’s ($NVO) Wegovy not only helped people lose weight but also reduced their risk of cardiovascular

Financial Advising 246

Financial Advising Media Insurance Economy 246

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

NAIFA Advisor Today

AUGUST 9, 2023

If it’s Tuesday after business hours, you’ll probably find Jennifer Hodges , LACP, CIC, at the local American Legion post in her regular place at the $10 poker game she’s been a part of for the past five years. But if you ask her about her poker face, she might hesitate.

Insurance 98

Insurance 98

Advisor Perspectives

AUGUST 9, 2023

Personal consumption growth rates are showing signs of fatigue. Given it consistently accounts for more than two thirds of economic activity, it's worth exploring the state of the consumer.

Accounting 98

Accounting Economics 98

Calculated Risk

AUGUST 10, 2023

From the MBA: Mortgage Delinquencies Decrease in the Second Quarter of 2023 The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.37 percent of all loans outstanding at the end of the second quarter of 2023 , according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.

Economy 98

Economy Marketing Marketing 98