Nerd's Eye View

MAY 29, 2023

When a financial advisor starts their own firm, they face many important choices. One of the key decisions is determining the type of clients they want to serve. Some advisors may choose to take a generalist approach that leaves the door open to working with the broadest possible pool of prospective clients. But with hundreds of thousands of financial advisors competing for the same prospects, it can be challenging to build a generalist advisory business from scratch.

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Risk Tolerance Financial Advisor Clients Planning 217

The Reformed Broker

MAY 29, 2023

Okay, it’s up 10,000% since May of 2013 and is now the best performing stock in America during the past decade. Everyone is obsessed. It’s the biggest story in the market this year. Cramer has now named a second family dog after it. Jensen Huang’s name is now in the mainstream alongside Bill Gates, Steve Jobs, Mark Zuckerberg, Jeff Bezos, Elon Musk.

Marketing 333

Marketing Marketing 333

The Big Picture

JUNE 1, 2023

“Tight labor markets have raised concerns about the role of labor costs in persistently high inflation readings. Analysis shows that higher labor costs are passed along to customers in the form of higher nonhousing services prices, however the effect on overall inflation is very small. Labor-cost growth has no meaningful effect on goods or housing services inflation.

Banking 313

Banking Economics Marketing Marketing 313

Abnormal Returns

JUNE 2, 2023

The biz Consolidation is here, again, as independent podcast companies sell out. (bloomberg.com) Ad buyers love podcasts, especially business-focused ones. (insideradio.com) The number of songs uploaded to streaming services just keep increasing. (om.co) Finance David Rubenstein talks with Cliff Asness about the return of value. (bloomberg.com) Christine Benz and Jeff Ptak talk with Joel Tillinghast about his biggest investing mistake, the implications of AI for portfolio management, and how pri

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Portfolio Management Management Numbers Portfolio 275

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

MAY 30, 2023

Welcome back to the 335th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Tim Wyman. Tim is a Managing Partner for the Center for Financial Planning, a hybrid advisory firm based in Southfield, Michigan, that oversees $1.5 billion in assets under management for 1,000 client households. What's unique about Tim, though, is how, as a second-generation partner, he helped redesign the firm’s organizational structure from siloed advisors to an ensemble practice,

Financial Advisor 246

Financial Advisor Financial Planning Clients Planning 246

The Big Picture

JUNE 2, 2023

When confronted by a problem or challenge, it is useful to try and change your perspective. Merely shifting your frame of view by a few degrees can reveal what you may have missed in your initial viewing. This is very easy to do when you are looking through the viewfinder of a camera, but much more challenging when you are intellectually pondering a set of choices.

Numbers 307

Numbers Valuation Retirement Economics 307

Abnormal Returns

JUNE 2, 2023

Strategy A lot of issues really come down to perspective. (ritholtz.com) Some career advice from noted investor David Tepper. (investmenttalk.co) Companies Meta ($META) is requiring workers to come back to the office three days a week. (cnbc.com) Amazon ($AMZN) is looking to add wireless service for Prime members. (finance.yahoo.com) Apple There are only open questions right now about Apple's ($AAPL) VR efforts.

Financial Advising 246

Financial Advising Advertising Economy Media 246

Nerd's Eye View

MAY 31, 2023

The 2017 Tax Cuts & Jobs Act introduced a $10,000 limit on the State And Local Tax (SALT) deduction that was previously available for taxpayers who itemized their deductions. In response to the new deduction limit, many states enacted laws creating a new Pass-Through Entity Tax (PTET) designed to help owners of pass-through businesses (partnerships, LLCs, and S corporations) avoid the limitation and preserve the deductibility of their state tax payments.

Taxes 241

Taxes Planning Tax Planning Numbers 241

The Reformed Broker

JUNE 2, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Cathie Wood, and Downtown Josh Brown discuss investing in innovation, AI fact vs fiction, how big Tesla can get, why Ark bought Nvidia in 2014, Zoom vs Google Meet vs Microsoft Teams, 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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Investing Investments Marketing Marketing 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 Big Picture

MAY 27, 2023

 This week, we speak with entrepreneur John Hope Bryant , the founder and chief executive officer of Operation HOPE, which is the US’s largest not-for-profit provider of financial literacy and economic empowerment tools. Described as the “Conscience of Capitalism,” Bryant is also chairman and chief executive officer of John Hope Bryant Holdings , Bryant Group Ventures and The Promise Homes Company.

Banking 299

Banking Economics Management Investing 299

Abnormal Returns

JUNE 1, 2023

Books An excerpt from "Anatomy of a Breakthrough: How to Get Unstuck When It Matters Most" by Adam Alter. (theatlantic.com) Five insights from "Paved Paradise: How Parking Explains the World" by Henry Grabar. (nextbigideaclub.com) David Marchese talks with Peter Attia, MD about his book “Outlive: The Science & Art of Longevity.” (nytimes.com) A Q&A with Theresa MacPhail author of "Allergic: Our Irritated Bodies in a Changing World.

Banking 246

Banking Accounting Management Investing 246

Nerd's Eye View

JUNE 2, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that a recent study found that advisory forms working with a younger client base tend to have relatively stronger growth in assets under management and revenue over time. In addition, the researchers found that referrals from centers of influence were one of the strongest drivers of new client growth, with client referrals playing an important role as well.

Financial Planner 237

Financial Planner Risk Tolerance Clients Financial Planning 237

The Reformed Broker

MAY 27, 2023

Eleven years ago this spring, a startup called Betterment published a blog post stating that human financial advisors were obsolete and that the people who work in the advice industry are pigs. The basis of their post was an NBER study that sent secret shoppers out to meet with “financial advisors” who then received high-cost, unsatisfactory advice.

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Startup Financial Advisor 230

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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

The Big Picture

MAY 28, 2023

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • We Want Them Infected : These ‘experts’ sold the U.S. on a disastrous COVID plan, and never paid a professional price. A painstakingly documented new book by Jonathan Howard, a neurologist at New York University and a veteran debunker of the pseudoscience contaminating our efforts to fight the pandemic.

Accounting 293

Accounting Medical Numbers Assets 293

Abnormal Returns

MAY 31, 2023

Podcasts Jonathan Hollow talks with Andrew Hallam author of "Balance: How to Invest and Spend for Happiness, Health, and Wealth." (podcasts.apple.com) Morgan Housel on the 'art of spending money.' (open.spotify.com) Taxes What Is a 83(b) election? (thomaskopelman.com) Who is eligible for the retirement savings tax credit? (humbledollar.com) Fraud How to protect yourself against check fraud.

Retirement 246

Retirement Taxes Media Investing 246

Nerd's Eye View

JUNE 1, 2023

While advancing a career in any industry can be challenging, the lack of formal career development programs offered in the workplace for associate advisors can make it particularly difficult for them to gain the experience they need to become lead financial advisors. And since managing the client relationship – a key responsibility for lead advisors – relies so heavily on nuanced ‘soft’ skills that are gained only through direct experience, finding ways to get hands-on ex

Communication 229

Communication Financial Advisor Clients Management 229

The Reformed Broker

MAY 27, 2023

Reminder: The Ritholtz crew is coming out to Austin, Texas next month. Details about how you can meet with us here. And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. These are the most read posts on the site this week, in case you missed it: . The post This Week on TRB appeared first on The Reformed Broker.

Marketing 152

Marketing Marketing 152

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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

The Big Picture

JUNE 2, 2023

My end-of-week morning train WFH reads: • Wall Street Banks Are Using AI to Rewire the World of Finance : Lenders are experimenting with artificial intelligence. Not even Warren Buffett is sure what happens next. ( Bloomberg ) • The $1 Trillion Company That Started at Denny’s : AI made Nvidia the world’s most valuable chip maker. So did three guys sipping diner coffee and planning to conquer markets that barely existed. ( Wall Street Journal ) • Is Apple’s weird headset the future?

License 273

License Education Banking Planning 273

Abnormal Returns

JUNE 1, 2023

Markets The market's biggest stocks are having a big year. (axios.com) The S&P 500 Top 50 returned 3.97% in May 2023. (on.spdji.com) How major asset classes performed in May 2023. (capitalspectator.com) Strategy Cullen Roche, "The beauty of indexing is that you own the haystack rather than worrying about the needles." (disciplinefunds.com) There's nothing magical about dividend investing.

Insurance Coverage 242

Insurance Coverage Financial Advising Insurance Media 242

Calculated Risk

MAY 29, 2023

Way back in 2013, I wrote a post " Predicting the Next Recession. In that 2013 post, I wrote: The next recession will probably be caused by one of the following (from least likely to most likely): 3) An exogenous event such as a pandemic , significant military conflict, disruption of energy supplies for any reason, a major natural disaster (meteor strike, super volcano, etc), and a number of other low probability reasons.

Sales 145

Sales Economy Banking Economics 145

The Reformed Broker

JUNE 1, 2023

Final Trades: Amazon, Freeport-McMoRan & Boeing from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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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

The Big Picture

JUNE 1, 2023

Welcome to June! My morning WFH reads: • We Asked Workers Why They’re Not Coming Back to the Office : Terrible commutes. Expensive child care. Employees explain why they will keep working from home. ( Wall Street Journal ) • Why Are Food Prices So High in Europe? Throughout the European Union, consumer food prices were on average 17% higher in April than a year earlier — the fastest pace of growth in over two and a half decades.

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Food Retail Medical Banking 272

Abnormal Returns

MAY 29, 2023

Podcasts Michael Kitces talks with Meg Bartelt of Flow Financial Planning about evolving her practice. (kitces.com) Brendan Frazier talks with Bari Tessler, author of "The Art of Money: A Life-Changing Guide to Financial Happiness." (wiredplanning.com) Cameron Passmore and Benjamin Felix talk with David Blanchett about regret optimized portfolios. (rationalreminder.libsyn.com) Austin, TX RWM is coming to Austin, TX!

Wealth Management 242

Wealth Management Estate Planning Financial Advising Banking 242

A Wealth of Common Sense

JUNE 2, 2023

The AI craze is in full effect so everyone is trying to figure out who the winners will be. Maybe it will be the upstarts, some new start-up that gives you your own personal assistant in your ear, on your iPhone and at your desk. Or maybe it will be the big tech players who have gobs of money to throw at AI like Microsoft, Google and Facebook. Maybe it’s a company like NVIDIA that supplies the chips and software.

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Marketing Marketing 143

The Reformed Broker

MAY 30, 2023

ChargePoint upgraded to buy at Bank of America from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Banking 141

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

The Big Picture

MAY 27, 2023

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The King’s Dominion (The real Succession) : His sons are at war. He’s divorced his fourth wife and broken an engagement to a would-be fifth. The jewel in what’s left of his crown faces a billion-dollar lawsuit.

Transportation 261

Transportation Economics Investing Investments 261

Abnormal Returns

MAY 28, 2023

Top clicks this week Ten bad market takes including 'Recession is inevitable?' (ritholtz.com) Why so many Americans think their house is the best investment. (awealthofcommonsense.com) 10 charts this week including the surge in Nvidia ($NVDA). (bilello.blog) What do adult children owe their parents? (fatherly.com) Buy-and-hold forever doesn't work out very well.

Food 170

Food Investing Investments Marketing 170

Calculated Risk

JUNE 2, 2023

The BEA released their estimate of vehicle sales for May this morning. The BEA estimates sales of 15.05 million SAAR in May 2023 (Seasonally Adjusted Annual Rate), down 6.5% from the April sales rate, and up 19.6% from May 2022. Click on graph for larger image. This graph shows light vehicle sales since 2006 from the BEA (blue) and BEA's estimate for May (red).

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Sales Marketing Marketing 144