Nerd's Eye View

OCTOBER 16, 2023

Consumers have a wide range of options when it comes to choosing a provider of financial advice, from larger wirehouses and asset managers to smaller Registered Investment Advisers (RIAs). Given that larger firms tend to have more substantial marketing budgets to attract clients, smaller firms and their advisors have had to look for alternative ways to differentiate themselves from the competition.

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The Big Picture

OCTOBER 19, 2023

One of my favorite responsibilities as chief investment officer at Ritholtz Wealth Management is the quarterly conference call I do for our clients. I run through 30 charts in 30 minutes that explain where we are in the economic cycle, what markets are doing, and what it means to their portfolios. I like to finish with a thought-provoking, often “investing-adjacent” idea they might not have previously considered.

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Media Economy Economics Wealth Management 351

Abnormal Returns

OCTOBER 15, 2023

Also on the site This blog just celebrated its eighteenth anniversary. (abnormalreturns.com) The current ETF market provides something for everyone. (abnormalreturns.com) Dying with zero: the life of Charles Feeney. (abnormalreturns.com) Sub-3% mortgage rates are now a distant memory. (abnormalreturns.com) Top clicks this week Five common mistakes investors make.

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Banking Portfolio Investing Investments 291

The Reformed Broker

OCTOBER 17, 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: ►Earnings – “Average commercial and consumer loans were both down from the second quarter as higher rates and a slowing economy have weakened loan demand, and we’ve continued to take some credit tighteni.

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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

OCTOBER 20, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study from Fidelity Institutional highlights the growing popularity of the RIA model and the success advisors have had after going independent. The study found that 1 in 6 advisors have moved firms in the past 5 years, with the majority opting for the independent channel.

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Abnormal Returns

OCTOBER 14, 2023

Transport How to make cars safer for pedestrians. (bbc.com) Stockholm has banned petrol and diesel vehicles from the city center. (semafor.com) How AI is finding its way into the cockpit. (newatlas.com) Electric garbage trucks? Yes, please. (thecooldown.com) Offshore wind The world’s largest floating offshore wind farm is now operational. (thecooldown.com) Offshore wind has a cost problem.

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Food Media Financial Advising Transportation 291

The Reformed Broker

OCTOBER 20, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Tom Lee, and Downtown Josh Brown discuss earnings, the liquidity starved bull market, economic indicators, the Fed’s next move, housing, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere el.

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Marketing Marketing Economics 161

Nerd's Eye View

OCTOBER 18, 2023

A key value proposition for financial advisors is helping clients avoid common behavioral biases that can lead to suboptimal investment decisions. Even people who are normally rational decision-makers can be prone to fear, greed, and overconfidence, and the persistence of market bubbles where investors chase whatever company or sector is all the rage at the time (and often get stuck with losses when the bubble pops) shows that herd mentality in investing is as prevalent as ever.

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Marketing Marketing Valuation Advertising 246

The Big Picture

OCTOBER 18, 2023

click for ginormous chart While I am wrapped up working on a few projects today, I wanted to share this map/chart/table showing US real estate prices relative to income. A lot of factors drive home prices — available supply, mortgage rates, inflation, salary/income growth, demand, etc. Its not as simple as many make it out to be. It has also become obvious that the big shortage of single-family homes housing prices has kept prices elevated (although there are some signs that some aspiratio

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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

OCTOBER 17, 2023

Trend following The case for medium-term trend signals. (mrzepczynski.blogspot.com) The problem with trend following systems: an abundance of parameters. (priceactionlab.com) Research On the corporate bond factor zoo. (papers.ssrn.com) There is still no good explanation for momentum. (alphaarchitect.com) Why post-earnings drift happens. (klementoninvesting.substack.com) Does private credit have a return smoothing problem?

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Marketing Marketing 290

A Wealth of Common Sense

OCTOBER 20, 2023

There’s this guy on Twitter, Paul Fairie, who does these threads using old newspaper clippings to show how the stuff we worry about today is the same stuff people have been worrying about for decades. There was one called a brief history of we are raising a generation of wimps. Every older generation thinks this (and will always think this…it’s called progress).

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Nerd's Eye View

OCTOBER 19, 2023

Much of the marketing and practice management advice in the financial advisory space comes back to 1 recommendation: Specialize in a niche. Niching offers several advantages, allowing advisors to be more specific in their marketing, more targeted in their prospecting calls, and more efficient in their processes (since clients within a similar niche are likely to have similar problems, especially in niches of profession).

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Clients Financial Advisor Financial Advice Financial Services 246

The Big Picture

OCTOBER 20, 2023

My end-of-week morning train WFH reads: • Austin’s office market is exploding. But no one is moving in. 6 million square feet of new office space will hit the market in the next few years — equivalent to 105 football fields. Between spaces completed since 2020 and what’s still in the pipeline, the office market will grow nearly 25 percent — the fastest rate on the continent.

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Startup Insurance Sales Marketing 264

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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

OCTOBER 15, 2023

Markets We are living through the worst bond bear market in history. (cnbc.com) Why the stock market can rise in the face of war. (priceactionlab.com) Retail traders are taking a break from trading. (wsj.com) How to think about core bond funds. (nytimes.com) Policy Covid stimulus had a cost. Was it worth it? (disciplinefunds.com) Why getting malaria vaccines out into the world is so important.

Financial Advising 289

Financial Advising Media Retail Economy 289

A Wealth of Common Sense

OCTOBER 19, 2023

The tax man Bill Sweet joined me on today’s show again to answer questions about expected returns in the stock market, changing income brackets and your finances, getting a late start on tax-deferred savings and borrowing from your portfolio. The post Bad Returns in the Market Aren’t Always Bad appeared first on A Wealth of Common Sense.

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Marketing Marketing Taxes Portfolio 141

Wealth Management

OCTOBER 15, 2023

Wealth Management recently asked readers to nominate the investment book that most helped them in their investing careers.

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Investing Investments Wealth Management Management 140

The Big Picture

OCTOBER 14, 2023

 This week, we speak with Graeme Forster, a director at Orbis Investments Ltd., which has $34 billion in assets under management. Graeme joined Orbis in 2007 and is responsible for international equity and optimal strategies. Orbis has a unique corporate structure, owned by a not-for-profit foundation as the result of the original founder gifting its value towards philanthropy (similar to Rolex and The Guardian).

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Investing Investments Startup Management 182

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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

OCTOBER 18, 2023

Markets Narratives drive stocks and the GLP-1 narrative is strong these days. (herbgreenberg.substack.com) Just how expensive are the 'Magnificent Seven' stocks? (blog.validea.com) Why international equities may belong in your taxable account. (corporate.vanguard.com) There is no single model for the term premium. (wsj.com) Finance What makes for a good annual shareholder letter?

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Financial Advising Media Economy Accounting 279

A Wealth of Common Sense

OCTOBER 15, 2023

People have been predicting a housing market crash ever since prices took off like a rocketship early in the pandemic. Housing is a bubble! Just wait for all of the Airbnb hosts that are forced to sell! Rising mortgage rates mean housing has to crash! It’s the big short all over again! Who knows maybe housing prices will fall or even crash eventually.

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Marketing Marketing 140

Alpha Architect

OCTOBER 16, 2023

The Jegadeesh and Titman (1993) paper on momentum established that an equity trading strategy consisting of buying past winners and selling past losers, reliably produced risk-adjusted excess returns. The Jegadeesh results have been replicated in international markets and across asset classes. As this evidence challenged and contradicted widely accepted notions of weak-form market efficiency, the academic community took notice and started churning out research.

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Economics Numbers Assets Marketing 138

The Big Picture

OCTOBER 14, 2023

The weekend is here! Pour yourself a mug of coffee, grab a seat by the window, and get ready for our longer-form weekend reads: • In the War Against Russia, Some Ukrainians Carry AK-47s. Andrey Liscovich Carries a Shopping List : Kyiv enlisted a Silicon Valley insider to rush consumer-grade tech onto the battlefield. He’s giving a demo of the future of war: the military-retail complex. ( Wired ) • The Wager That Betting Can Change the World : A coterie of tech insiders believe that “prediction

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Retail Assets Retirement Banking 162

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

OCTOBER 16, 2023

Bonds The bond market is going through its worst bear market in history. [correct link] (awealthofcommonsense.com) American household are buying up Treasuries. (ft.com) Equities Why are consumer-focused stocks doing so poorly? (wsj.com) Are corporate profit margins set for another leg up? (tker.co) Companies The impact of the weight loss drugs is still underplayed.

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Financial Advising Media Communication Banking 274

A Wealth of Common Sense

OCTOBER 17, 2023

Like many retirees, Henry Flagler decided to spend his later years on the sunny beaches of Florida. However, Flagler wasn’t there to relax and drink Pina Coladas. No, the former oil tycoon was there to build up the coastlines, railroads, and cities before Florida was even a destination. Flagler was a partner of John Rockefeller’s at Standard Oil.

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Retirement 138

Wealth Management

OCTOBER 16, 2023

It's often a better option, both in terms of dollars and cents and family stress, than passing on a residence to heirs.

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Calculated Risk

OCTOBER 18, 2023

Today, in the CalculatedRisk Real Estate Newsletter: 30-Year Mortgage Rates Hit 8.0% Excerpt: Mortgage News Daily reports 30-year fixed rate mortgages rose to 8.0% today (for top tier scenarios). This will mostly impact closed sales in November and December, and strongly suggests we will see new cycle lows for existing home sales over the winter. Note: The National Association of Realtors (NAR) is scheduled to release September existing home sales tomorrow, Thursday, October 19th, at 10:00 AM ET

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Sales 131

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

OCTOBER 18, 2023

Podcasts Peter Lazaroff on what constitutes 'evidence-based investing.' (peterlazaroff.com) Bogumil Baranowski talks with Brian Feroldi, author of "Why the Stock Market Goes Up." (talkingbillions.co) Frazer Rice talks with Jared Dillian about his forthcoming book "No Worries: How to Live a Stress-Free Life." (open.spotify.com) Peter Dunn on understanding your relationship with money.

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Insurance Math Retirement Taxes 265

Nerd's Eye View

OCTOBER 17, 2023

Welcome back to the 355th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Brad Arends. Brad is the Co-Founder & CEO of Intellicents, an independent RIA with 12 offices across the country and headquartered in Albert Lea, Minnesota, that oversees $6 billion in assets under management for more than 3,000 client households.

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Wealth Management

OCTOBER 16, 2023

Cadre's CEO discusses how the firm uses predictive models and workflow tools to change the real estate investment experience.

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