Nerd's Eye View

SEPTEMBER 6, 2023

Financial advisory clients are routinely concerned about lurking threats to their hard-earned wealth in the form of a large unforeseen judgment on a liability claim. While asset protection is a popular planning topic for High-Net-Worth (HNW) and ultra-high-net-worth clients, those who are not HNW are susceptible to the same threats to wealth. However, while some protection options come with a high cost (that might not be practical for non-HNW clients), asset protection can come in many forms, so

Education 246

Education Assets Clients Estate Planning 246

The Big Picture

SEPTEMBER 6, 2023

 In 2016, I wrote about the novelist and screenwriter William Goldman, and his delightful book, “ Adventures in the Screen Trade.” He is the Academy award-winning scriptwriter who penned such classics as “Butch Cassidy and the Sundance Kid” (1969), “All the President’s Men” (1976), “Marathon Man” (1974), and the cult-favorite “The Princess Bride (1973).

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Distribution Retirement Sales 306

Abnormal Returns

SEPTEMBER 7, 2023

Strategy It's hard to overstate the impact of the big tech stocks on the U.S. stock market of late. (theirrelevantinvestor.com) Big tech stocks have their own valuation experience. (wisdomtree.com) Big Tech has messed with factor investors. (advisorperspectives.com) Finance Blackstone ($BX) was early on the AI trend. (institutionalinvestor.com) Should you buy what Softbank is selling, i.e.

Financial Advising 289

Financial Advising Valuation Economy Insurance 289

The Reformed Broker

SEPTEMBER 8, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Nick Colas, and Downtown Josh Brown discuss Q2 earnings, Moore’s law, interest rates, the future of the automotive market, Steve Cohen, 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 els.

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Marketing Marketing 169

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

SEPTEMBER 8, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the SEC this week issued a risk alert outlining how it selects firms to examine, the areas it focuses on during exams, and how it chooses which firm documents to request, details that could ultimately help firms be better prepared for their next exam and make it a shorter, less painful process!

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Financial Planner CFP Clients Investment Planning 246

Abnormal Returns

SEPTEMBER 8, 2023

Strategy Gold is ultimately a bet on global chaos. (morningstar.com) What investors get wrong about the 'Yale Model.' (capitalallocators.com) How much should a fund manager hold in their own strategy? (awealthofcommonsense.com) Retailing Why retail workers are quitting in record numbers. (bloomberg.com) Which helps explain the sorry state of stores.

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Financial Advising Retail Numbers Media 279

The Reformed Broker

SEPTEMBER 5, 2023

Wells Fargo cuts Disney’s price target to $110 from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Nerd's Eye View

SEPTEMBER 7, 2023

A recent McKinsey report surveying growth in the wealth management industry predicted that the struggles of small RIA firms would increase as larger firms continue to grow and overshadow the industry. again. Although the messaging that smaller RIAs must scale to survive has been offered many times before over the past few decades, many smaller lifestyle firms and solo RIA practices have thrived in their preference to stay small.

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Clients Wealth Management Communication Financial Planning 246

The Big Picture

SEPTEMBER 2, 2023

    This week, we speak with Jonathan Miller, founder and CEO of Miller Samuel , a real estate appraisal & consulting firm founded in 1986. His weekly Housing Notes is widely read among the real estate community of appraisers and agents. We discuss the state of both commercial and residential real estate across the country, the environment for mortgage rates, New York City housing, and his favorite penthouse apartments.

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Consulting Banking Sales Investing 182

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

SEPTEMBER 5, 2023

Rates How an inverted yield curve affects stock and bond market returns. (mrzepczynski.blogspot.com) Utility stocks are battling higher fixed income yields. (wsj.com) High real yields are hurting the Federal budget deficit. (axios.com) Strategy Dollar-cost averaging makes downturns less painful. (awealthofcommonsense.com) On the mismatch between our investment horizons and our actual behavior.

Financial Advising 278

Financial Advising Budgeting Manufacturing Media 278

The Reformed Broker

SEPTEMBER 7, 2023

Final Trades: Oracle, Zoom, Berkshire Hathaway & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Nerd's Eye View

SEPTEMBER 4, 2023

Welcome to the September 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 WiserAdvisor, one of the longest-running lead generation services in the industry, has acquired IndyFin, a startup advisor rating platform that had aspired to be the 'Yelp for Advisors' – whi

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Startup Clients Financial Advisor Financial Planning 246

The Big Picture

SEPTEMBER 8, 2023

My end-of-week morning train WFH reads: • How Blackstone Sprinted Ahead of Its Peers in AI : Eight years ago, Stephen Schwarzman decided to go all in on artificial intelligence — and never looked back. ( Institutional Investor ) • Autoworkers Have Good Reason to Demand a Big Raise : Their real wages have fallen 30% over the past two decades. But can the Detroit Three really afford to bring back the old days?

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Distribution Media Taxes Investing 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

SEPTEMBER 7, 2023

Books A Q&A with Alicia Kennedy author of "No Meat Required: The Cultural History & Culinary Future of Plant-Based Eating." (hazlitt.net) A Q&A with Todd Rogers, co-author of "Writing for Busy Readers: Communicate More Effectively in the Real World." (annieduke.substack.com) An excerpt from "The Cult of Creativity: A Surprisingly Recent History" by Samuel W.

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Communication 278

A Wealth of Common Sense

SEPTEMBER 7, 2023

A reader asks: My job is to run a concentrated 20 company portfolio (all listed companies, buy and hold, long term horizon etc.). I get a base salary and a bonus for performance. So a good amount of my annual earnings are tied to the performance of the companies I pick. I also have a small personal investment account. My question is around how I should think about investing this – should I use the fact that I spend.

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Investing Investments Management Accounting 145

Nerd's Eye View

SEPTEMBER 5, 2023

Welcome back to the 349th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Olivia Luper. Olivia is the Founder of Lexicon Advisor Marketing, a virtual outsourced digital marketing company that specializes in working with financial advisors to generate a steady flow of prospects. What's unique about Olivia, though, is how she started out as a ghostwriter creating content for financial advisors and their blogs, but saw first-hand that great content alone doesn't ge

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Financial Advisor Marketing Marketing Media 245

The Big Picture

SEPTEMBER 7, 2023

My morning train WFH reads: • The Generational Paradigm Shift Taking Over Markets : For most of the 20th century, stocks and bond yields moved in opposite directions. They’re doing it again after a two-decade break. ( Wall Street Journal ) • How Tiger Global, one of the biggest backers of startups over the past decade, fell to earth : As the firm grew, Tiger prioritized speed and began writing checks at a more rapid clip.

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Budgeting Startup Banking Food 147

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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

SEPTEMBER 3, 2023

Top clicks this week How (and where) to hold cash in your portfolio. (morningstar.com) Do you need commodities in your portfolio? (humbledollar.com) Why are mortgage rates so high? (awealthofcommonsense.com) Google ($GOOGL) has dominated seemingly forever. The cracks are showing. (theverge.com) The story of a portfolio manager holding onto Credit Suisse stock too long.

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Portfolio Management Retirement Portfolio Management 278

Wealth Management

SEPTEMBER 8, 2023

The ninth-annual event featured 105 awards presented to 84 companies and individuals from a pool of 225 finalists.

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Alpha Architect

SEPTEMBER 8, 2023

The correlation between stocks and bonds should be a critical component of any asset allocation decision, as it impacts not only the overall risk of a diversified multi-asset class portfolio but also the risk premia one should expect to receive for taking risk in different asset classes. The problem for investors is that the correlation between stocks and bonds fluctuates extensively across time and economic regimes.

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Asset Allocation Assets Economics Portfolio 137

Calculated Risk

SEPTEMBER 5, 2023

The BEA released their estimate of vehicle sales for August today. This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the August 2023 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019.

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Sales Marketing Marketing 136

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

SEPTEMBER 6, 2023

Rates Higher starting rates make bonds more attractive. (morningstar.com) How investors should think about their bond allocations. (awealthofcommonsense.com) Bonds aren't boring any more. (quietwealth.com) Equities Small value stocks are even cheaper than normal. (blog.validea.com) China's stock market is cheap, but is it investable? (wsj.com) Money management Wealth management is a growth business.

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Financial Advising Wealth Management Media Economy 275

A Wealth of Common Sense

SEPTEMBER 3, 2023

I love studying financial market history. You can’t predict the future by learning about the past but it can help you better understand the relationship between risk, reward and human nature. If you look back at enough charts and read enough books about market history, you’re invariably drawn to the booms and busts. And looking into the booms and busts makes you look at certain dates and outlier events.

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Marketing Marketing Financial Market Asset Allocation 134

Wealth Management

SEPTEMBER 8, 2023

The tax deadlines for reallocating capital gains are approaching.

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Taxes 131

Calculated Risk

SEPTEMBER 6, 2023

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 2.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 1, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.9 percent on a seasonally adjusted basis from one week earlier.

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Economy Marketing Marketing 136

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

SEPTEMBER 6, 2023

Podcasts Khe Hy talks building long term wealth with Adam Katz. (podcasts.apple.com) Eric Newcomer talks with Rey Flemings, the CEO of the YC-backed startup Myria which serves the ultra-wealthy. (newcomer.co) Morgan Housel talks about the lifecycle of greed and fear. (open.spotify.com) Justin Peters talks with Jesse Cramer about the importance of getting a raise, especially early in your career.

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Retirement Startup Financial Planning Planning 265

The Big Picture

SEPTEMBER 7, 2023

If ever a week was ripe for delaying your return to the office, it was this one. Hurricane Idalia cleared out the weather up and down the coast, bringing two weeks of clear blue skies and decent surfing (and dangerous rip tides). Then, a heat wave hit the East Coast, raising temperatures to the 90s in New York City. You could have continued your Endless Summer , working remotely in the AM, sneaking out for a few hours of mid-day beach fun, then returning home post-surf to respond to emails and o

Economy 130

Economy Numbers Clients Planning 130

Wealth Management

SEPTEMBER 7, 2023

Twenty points to help ensure your clients' legacies stay on track.

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