Wealth Management

NOVEMBER 6, 2023

PE-style “whitelists” hamper efforts to expand the secondary market for fund stakes, as regulators raise liquidity concerns about private capital.

Assets 108

Assets Marketing Marketing 108

The Big Picture

NOVEMBER 6, 2023

Source: Chartr We talked about this 2 weeks ago , but the nation missed a fantastic opportunity to refinance all of the outstanding US debt at much lower levels. Every corporate debt issuer and homeowner in America refinanced at lower rates — except for Uncle Sam. If you were in Congress from 2015-2021, you are the reason why HALF of the projected federal debt will soon be interest payments.

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Budgeting 321

Abnormal Returns

NOVEMBER 5, 2023

Top clicks this week Six lessons from William Bernstein's "The Four Pillars of Investing." (humbledollar.com) Be wary shifting too much of your money into bonds. (humbledollar.com) There's nothing magic about asset allocation. (obliviousinvestor.com) Money market returns look good.almost too good. (wsj.com) Traders are buying the dip in the iShares 20+ Year Treasury Bond ETF ($TLT).

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Asset Allocation Sales Assets Investments 306

Nerd's Eye View

NOVEMBER 7, 2023

Welcome back to the 358th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Veronica Karas. Veronica is a Senior Financial Advisor at CAPTRUST and works from the RIA's Lake Success, New York, office, where she oversees $360 million in assets under management for about 200 client households. What's unique about Veronica, though, is the unique 3-question approach she uses to generate referrals not only from clients, but also from centers of influence as well, and ev

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Clients Financial Advisor Ethics Planning 244

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

The Reformed Broker

NOVEMBER 10, 2023

OK, we’re trying something new next week for registered financial advisors only. It’s a brand new show we’ve created and you can be there virtually to watch the pilot episode live. As an advisor, you’re going to spend time, money and energy implementing new technology and asset management solutions into your practice. You may as well get good at it.

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Financial Advisor Assets Management 195

Abnormal Returns

NOVEMBER 4, 2023

EVs The EV business has hit a speed bump. (theverge.com) Tesla ($TSLA) has an Elon Musk problem. (lefsetz.com) EVs have an affordability problem. (businessinsider.com) Solid state batteries will change the EV equation. (axios.com) Transport Just how quickly can the shipping industry green itself? (nytimes.com) Railroad companies have been lax in maintaining bridges.

Medicine 299

Medicine Financial Advising Transportation Medical 299

Nerd's Eye View

NOVEMBER 8, 2023

Retirement is often framed as one's "golden years", a time to enjoy the fruits of several decades of hard work. And for many retirees who have planned accordingly, this transition is not a problem as they might spend generously on travel, hobbies, or other pursuits. Nevertheless, some retirees can find it emotionally challenging to bring themselves to go beyond the basics in retirement spending (e.g., because they have a hard time switching from 'savings' mode to 'spending' mode) and can be hesi

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Retirement Clients Planning Food 238

The Reformed Broker

NOVEMBER 8, 2023

On this special episode of TCAF Tuesday, Michael Batnick, Barry Ritholtz, and Downtown Josh Brown are joined by Campbell Harvey to discuss: the state of the economy, the yield curve indicator, the next recession, 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 else!

Economy 161

Economy Marketing Marketing 161

The Big Picture

NOVEMBER 4, 2023

 This week, we speak with Zeke Faux ,1 an investigative reporter for Bloomberg Businessweek and Bloomberg News. He has won the Gerald Loeb Award for explanatory journalism and the American Bar Association’s Silver Gavel Award , and was a National Magazine Award finalist. He is the author of Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall.

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Numbers Assets Management Accounting 189

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

NOVEMBER 10, 2023

Strategy The 40 of the 60/40 portfolio is finally earning people something. (awealthofcommonsense.com) There's still no sign of a turn in the trend favoring U.S. vs. international equities. (allstarcharts.com) The case for bonds. (blogs.cfainstitute.org) Energy Solar panel manufacturing is finally on the rise in the U.S. (nytimes.com) Why the cancellation of the NuScale, small modular reactor, project is such a bummer.

Financial Advising 278

Financial Advising Manufacturing Media Portfolio 278

Nerd's Eye View

NOVEMBER 6, 2023

Welcome to the November 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and 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 Practice Intel has launched a new "growth platform" centered around quantifying the quality of an advisor's client relationships with an all-in "Relationship Quality Index" (RQI) – which while

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Compliance Valuation Financial Advisor Clients 237

The Reformed Broker

NOVEMBER 10, 2023

On episode 117 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Callie Cox and Malcolm Ethridge to discuss: market sentiment, Robinhood earnings, Warren Buffett and his cash, interest rates, the yield curve, recession calls, weight loss drugs, 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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Marketing Marketing 152

The Big Picture

NOVEMBER 10, 2023

I was recently asked how many Masters in Business guests have won a Nobel Prize. The list appears to be mostly (but not exclusively) behavioral finance types; here is the short-list of laurates, plus a few related columns of Nobel Winners: Danny Kahneman on Noise (May 15, 2021) Paul Krugman on Zombie Ideas (February 15, 2020) Gene Fama (with David Booth) on Efficient Markets (November 9, 2019) Michael Spence, on the Dynamics of Information Signaling (October 26, 2019) Robert Shiller on Narrative

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Investing Investments Marketing Marketing 147

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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

NOVEMBER 8, 2023

Markets The stock market usually goes up. (tker.co) Like it or not, technology stocks are leading. (allstarcharts.com) Technology How does the technology industry not get bigger? (notboring.co) OpenAI is laying out a path forward for a sustainable business. (stratechery.com) Meta ($META) has a path forward for WhatsApp profitability. (nytimes.com) Amazon ($AMZN) is going wide with offers for One Medical membership.

Financial Advising 278

Financial Advising Medical Banking Media 278

Meb Faber Research

NOVEMBER 8, 2023

“He was a U.S.-class smooth politician, which is the only way you’re going to survive in that job. It has nothing to do with investing.” That’s how Institutional Investor recently described a former CIO of the California Public Employees’ Retirement System, also known as CalPERS. The description is especially interesting when considering that the “I” […] The post Should CalPERS Fire Everyone And Just Buy Some ETFs?

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Retirement Investments Investing Marketing 141

The Reformed Broker

NOVEMBER 5, 2023

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.

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The Big Picture

NOVEMBER 10, 2023

My end-of-week morning train WFH reads: • What the US got right that Europe did not : America’s post-pandemic recovery has left Europe in the dust. ( Financial Times ) • The Land Where Inflation Is Good News : Food and energy price increases triggered by the pandemic and the Ukraine war are helping end the long, bleak era of Japanification. ( Wall Street Journal ) • The Real Reason So Many Asset Managers Are Struggling in China : The world’s second-biggest economy has its own rules of engagement

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Food Assets Management Economy 130

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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

NOVEMBER 6, 2023

Markets A five-step framework for reading market news. (tker.co) By these measures, small cap stocks are cheap. (morningstar.com) What happens historically after a Zweig Breadth Thrust? (quantifiableedges.com) Strategy Failure is inevitable when it comes to investing. (mrzepczynski.blogspot.com) Five benefits of higher rates on cash, including no drag on holding an emergency fund.

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Financial Advising Media Economy Economics 273

Alpha Architect

NOVEMBER 10, 2023

The claims of superior risk-adjusted performance by the PE industry are exaggerated. Given their lack of liquidity, opaqueness, and greater use of leverage, it seems logical that investors should demand something like a 3-4% IRR premium. Yet, there is no evidence that the industry overall has been able to deliver that. The Performance of Major Private Equity/LBO Firms was originally published at Alpha Architect.

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Calculated Risk

NOVEMBER 6, 2023

Altos reports that active single-family inventory was up 0.8% week-over-week. This is the latest in the year that inventory was still increasing! Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of November 3rd, inventory was at 567 thousand (7-day average), compared to 563 thousand the prior week. Year-to-date, inventory is up 15.5%.

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The Big Picture

NOVEMBER 9, 2023

My morning train reads: • Turning Empty Offices Into Apartments Is Getting Even Harder : Only 3,575 apartment units were converted from office space last year. The already fraught process now faces even more challenges. ( Wall Street Journal ) • The problem isn’t inflation. It’s prices. What goes up may not come down. Like, ever. ( Vox ) see also Right Now Is a Bad Time to Spend Money : With prices and interest rates high, this is a moment to focus on saving. ( Wall Street Journal ) • How to Be

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Distribution Assets Economy Management 130

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

NOVEMBER 5, 2023

Markets Small and mid-cap stocks have badly lagged large caps. (awealthofcommonsense.com) This week was a good example why you should never be positioned for extremes. (theirrelevantinvestor.com) Why you should avoid big investment shifts. (humbledollar.com) Trading Brett Steenbarger, "The best traders evolve." (traderfeed.blogspot.com) Why cycles of speculation keep happening.

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Assets Financial Advising Healthcare Economy 271

A Wealth of Common Sense

NOVEMBER 9, 2023

A reader asks: Can you please explain why financial media personnel keep saying the 60/40 is dead but they are not saying target date funds are dead? Last year was one of the worst years ever for a 60/40 portfolio of U.S. stocks and bonds. These are the 10 worst calendar year returns for a portfolio comprising the S&P 500 and 10 year Treasuries going back to 1928: By my calculations, 2022 was the third worst year for.

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Portfolio Media Asset Allocation Assets 139

Trade Brains

NOVEMBER 9, 2023

BoB World App Scam : The RBI raised a red flag against the Bank of Baroda (BoB) and has suspended their mobile app ‘BoB World’ from onboarding new clients because of a 22 lakh fraud affecting 362 customers. Nearly six customers have lost around Rs. 1.1 lakh each, whereas one lost almost Rs. 1.77 lakh, and an agent stole over Rs. 3.96 lakh. So, what in the world is ‘BoB World’?

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Banking Numbers Accounting Portfolio 131

Calculated Risk

NOVEMBER 6, 2023

From the Federal Reserve: The October 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices The October 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the third quarter of 2023.

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Banking Government 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

NOVEMBER 10, 2023

Economy Kyla Scanlon talks with David Dayen about the gap between the economy and consumer sentiment. (youtube.com) Justin Carbonneau and Jack Forehand talk all things macro with 3Fourteen Research founders Warren Pies and Fernando Vidal. (youtube.com) Business Matt Reustle talks with Staley Cates about the history of FedEx ($FDX). (joincolossus.com) Jordan Harbinger talks with Chris Miller author of "Chip War: The Fight for the World's Most Critical Technology.

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Retirement Planning Estate Planning Economy Media 264

Wealth Management

NOVEMBER 9, 2023

New York-based Arch, which aims to solve for the workflow and data problems behind alternative investments, has received funding from Focus Financial Partners, the founders of Vanilla and Altruist, and others.

Investments 132

Investments Investing 132

A Wealth of Common Sense

NOVEMBER 5, 2023

American households have never been wealthier but that wealth is not evenly distributed. The top 10% controls more than 70% of the total wealth in this country as of year-end 2022.1 The good news is, there are those outside of the top 10% who are catching up. Based on the latest estimates from the Federal Reserve there are around 16 million American households with a net worth of $1 million or more.

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Distribution 123