Nerd's Eye View

JULY 10, 2023

As owners of financial planning firms approach retirement, some may decide to sell to an external buyer, while others may plan for an internal succession. Sometimes, this succession plan can include the owner's child, providing an opportunity to keep the business in the family. At the same time, the business strategies that worked for the original owner might not be suitable or as successful for their successor, which can force the 2nd-generation owner to take a different path to ensure the firm

Financial Planning 245

Financial Planning Retirement Planning Clients 245

The Big Picture

JULY 8, 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 Physics of Kaizen: Why Somebody Should Get Credit for Fixing Problems That Never Happened : Toyota’s culture of Kaizen: continuous improvement. It is an obvious statement: companies should be continually improving. Companies that are able to successfully adopt a culture and practice of Kaizen have the ability to establish a dominant position in their market. ( Taylor P

Retail 264

Retail Distribution Clients Management 264

Abnormal Returns

JULY 12, 2023

Podcasts Jeff Ptak and Christine Benz talk with William Bernstein about the update version of his book "The Four Pillars of Investing." (morningstar.com) Camerson Passmore and Benjamin Felix talk with Prof. James Choi about how economic theory explains consumer behavior. (rationalreminder.libsyn.com) Dave Nadig talks ETFs and more with FactSet’s Elisabeth Kashner.

Risk Tolerance 246

Risk Tolerance Estate Planning Retirement Planning 246

The Reformed Broker

JULY 8, 2023

Thanks for checking out the latest episode of The Compound and Friends, now celebrating our 100th episode! Darren Rovell dropped in as our guest and he brought with him some of his prized collectibles, a business he takes as seriously as any investor in any asset class. Check these out: This is a ticket to get into the Cavern Club in Liverpool to see the Beatles perform their earliest gigs as the band in-residence. .

Assets 183

Assets 183

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

JULY 14, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that while the new social media app Threads, designed to compete with Twitter, has surpassed 100 million users in its first week alone, its potential utility for advisors remains unclear and has raised compliance concerns for advisors whose social media archiving tools do not yet cover the new app.

Financial Planner 240

Financial Planner Compliance Media Retirement 240

Abnormal Returns

JULY 9, 2023

Markets 10 surprises from 2023, so far, including higher interest rates for longer. (bilello.blog) In 2023, tech stocks have snubbed the Fed. (awealthofcommonsense.com) Finance Is the worst over for the venture capital market? (axios.com) Some PE firms are looking to decarbonize companies to generate returns. (institutionalinvestor.com) Policy Why migrants are fleeing Florida.

Financial Advising 246

Financial Advising Taxes Economy Media 246

The Reformed Broker

JULY 11, 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: ►June Inflation – “Last mile of the inflation fight will be the hardest” ►The Consumer is Ok – US consumer borrowing slowed to a more than two-year low in May, reflecting the first decline in non.

Investing 171

Investing Investments Marketing Marketing 171

Nerd's Eye View

JULY 13, 2023

Establishing successful client relationships as a financial advisor relies on good communication skills not just to present information persuasively and with confidence, but also to establish client rapport that allows meaningful and engaging relationships to be built. For many who are new to the financial planning profession and who have no experience working with clients, participating in client meetings can trigger feelings of anxiety, especially for those who share the common fear of public

Clients 233

Clients Financial Planning Financial Planner Communication 233

The Big Picture

JULY 13, 2023

The Consumer Price Index was up 3% year over year in June, as reported by BLS yesterday. The FRED chart above shows the near round trip from the prior decade’s range of 0-2% up to the 9% peak, and now back down to 3%. Over the past year, I have been writing a lot about inflation — what people get wrong about it, why the FOMC is always late to the party, and what the various causes of inflation — real, modeled, and imagined — actually are.

Economy 246

Economy Food Sales 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

Abnormal Returns

JULY 13, 2023

Books An excerpt from “Random Acts of Medicine: The Hidden Forces That Sway Doctors, Impact Patients, and Shape Our Health” by Anupam B. Jena and Christopher Worsham. (wsj.com) An excerpt from “Nobody’s Fool: Why We Get Taken In and What We Can Do About It” by Daniel Simons and Christopher Chabris. (wsj.com) Global China may have reached its demographic peak, but that does not mean its influence is waning.

Medicine 244

Medicine Numbers Marketing Marketing 244

The Reformed Broker

JULY 11, 2023

Tech needs continued pricing power to justify the multiples: NB Private Wealth’s Shannon Saccocia from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Nerd's Eye View

JULY 11, 2023

Welcome back to the 341st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Thor McIlrath. Thor is the Owner of McIlrath & Eck, an independent RIA based in Arlington, Washington, that oversees more than $610 million in assets under management for 970 client households. What's unique about Thor, though, is how he has structured his firm so that clients rotate through different advisors at the firm each time they come in for a meeting, eschewing the traditional

Clients 180

Clients CFP Financial Advisor Education 180

The Big Picture

JULY 13, 2023

My morning train reads: • Stocks Took an 18-Month Round Trip From Tech Bear to AI Bull : The same handful of megacap names that led the market down have been powering the latest surge. ( Businessweek ) • Inflation Cools Sharply in June, Good News for Consumers and the Fed : The Consumer Price Index climbed far more slowly in June, a relief for shoppers and a hopeful — though inconclusive — sign that America might pull off a “soft landing.” ( New York Times ) see also Inflation drops to lowest le

Portfolio Management 246

Portfolio Management Food Economy Accounting 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

JULY 10, 2023

Podcasts Meb Faber talks with Blake Street is a Founding Partner and CIO of Warren Street Wealth Advisors. (mebfaber.com) Ashby Daniels talks with Hannah Moore about "doing" financial planning. (wiredplanning.com) Laurence Kotklikoff talks with David Blanchett about problems with conventional financial planning tools. (larrykotlikoff.substack.com) The biz Goldman Sachs ($GS) has snagged another custodian client, NewEdge Wealth.

Compliance 244

Compliance Recruitment Financial Planning Wealth Advisor 244

The Reformed Broker

JULY 14, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Michael Cembalest, and Downtown Josh Brown discuss the economy, AI stocks, the worst experiment in capital markets, the biggest risks to the market, the 2024 election, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Economy 130

Economy Marketing Marketing 130

Calculated Risk

JULY 12, 2023

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 7, 2023. This week’s results include an adjustment for the observance of Independence Day.

Economy 135

Economy Economics Marketing Marketing 135

The Big Picture

JULY 12, 2023

Source: Reventure Let’s get to the caveats up front: Re:Ventures has been pretty bearish on housing the past few years, even forecasting a crash; their landing page claims “ The US Housing Market is in a record Bubble in 2023 ,” and this post “ 90% Chance: RECESSION in 2022? ” has not panned out and stands inapposite of my views.

Sales 245

Sales Taxes Economy Marketing 245

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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

JULY 8, 2023

Transport What will it take for the U.S. to take pedestrian safety seriously? (vox.com) Ambulances don't need to run 'hot' all the time. (statnews.com) Why more e-bike fires are going to happen. (theatlantic.com) Lithium Norway has found a huge stash of high-grade phosphate rock. (euractiv.com) Why automakers are making deals with miners. (nytimes.com) Energy U.S. incentives are stealing renewable projects from Europe.

Ethics 238

Ethics Pharmaceutical Media Financial Advising 238

The Reformed Broker

JULY 13, 2023

Ray Romano on possible actors’ strike: Contracts need be updated to protect writers and actors from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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130

oXYGen Financial

JULY 9, 2023

![CDATA[ Over the past year several clients have had to sell their homes and buy new ones - but at a significant cost. Mortgage rates have more than tripled, so people in the market for a replacement home may benefit by targeting a VA assumable mortgage: VA loan assumption is not restricted to active-duty members and veterans. Anyone who the lender deems qualified to take on.

Clients 105

Clients Marketing Marketing 105

The Big Picture

JULY 14, 2023

My end-of-week morning offsite reads: • Google’s AI Blunders Rival Xerox’s PC Mistakes : The “T” technology behind ChatGPT was devised at Google but languished there. Sound familiar? ( Bloomberg ) • Wall Street’s Recession Warning Is Flashing. Some Wonder if It’s Wrong. The yield curve has been suggesting since last year that the economy was headed for a slump. ( New York Times ) see also Dude, Where’s My Recession?

Portfolio Management 242

Portfolio Management Accounting Food Economy 242

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

JULY 11, 2023

Global The case for international diversification still stands, recency bias aside. (kitces.com) There's no reason to gorge on emerging market equities. (morningstar.com) Overnight anomaly Trading the overnight effect is harder than it looks. (twoquants.substack.com) Why the overnight anomaly is hard to exploit. (ft.com) Research Does size matter? Meh.

Sales 188

Sales Marketing Marketing 188

Cornerstone Financial Advisory

JULY 10, 2023

Weekly Market Insights: Stocks Stumble With CPI On Deck Presented by Cornerstone Financial Advisory, LLC Rising concerns about further rate hikes sent stocks lower to kick off the second half of trading. The Dow Jones Industrial Average lost 1.96%, while the Standard & Poor’s 500 retreated 1.16%. The Nasdaq Composite index surrendered 0.92% for the week.

Marketing 105

Marketing Marketing Taxes Economics 105

Calculated Risk

JULY 11, 2023

Notes: This CoreLogic House Price Index report is for May. The recent Case-Shiller index release was for April. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic: US Annual Home Price Growth Drops to the Lowest Rate in 11 Years in May CoreLogic®. today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for May 2023.

Numbers 111

Numbers Sales 111

The Big Picture

JULY 11, 2023

 The transcript from this week’s, MiB: Jenny Johnson, Franklin Templeton CEO , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , Stitcher , Google , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.

Management 222

Management Investments Investing Assets 222

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

JULY 14, 2023

Iris Nance, LUTCF , got into the insurance and financial services industry because of a postcard. In 1997, she was working as a Real Estate Finance Credit Analyst at a local bank after more than 10 years as a Bank Examiner with the Federal Deposit Insurance Corporation (FDIC). While exploring other career opportunities that would allow quality time with her twin daughters, she received a postcard in the mail from Farmers Insurance , and the rest is history.

Insurance 98

Insurance Financial Services Banking 98

Alpha Architect

JULY 14, 2023

Academic research has demonstrated that the higher risk associated with less sustainable firms should be compensated by higher returns. It also has shown that more sustainable firms have less investment risk. Are Sustainable Investors Compensated Adequately? was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Investing 98

Investing Investments 98

Envision Wealth Planning

JULY 12, 2023

Misunderstood Student Loan Repayment Issues Most of our clients have a professional degree gained from going to college. Unfortunately, many people, not coming from wealthier families, found themselves needing to take on student loan debt to fund their college education. It is so easy to simply sign the document saying that you will repay those loans when you’re done with college.

Nonprofit 98

Nonprofit Taxes Education Planning 98