Abnormal Returns

FEBRUARY 28, 2024

Podcasts Peter Lazaroff with five reasons you need a financial plan that have nothing to do with money. (peterlazaroff.com) Justin Carbonneau and Jack Forehand talk with Justin Castelli about your mission in life. (youtube.com) How well do you know yourself? Barry Ritholtz talks with David Dunning. (ritholtz.com) Christine Benz and Amy Arnott talk with Marc Freedman who the co-CEO and founder of Encore.org about working later in life.

Retirement Planning 287

Retirement Planning Retirement Financial Planning Taxes 287

The Big Picture

FEBRUARY 29, 2024

A century of tech adoption in 30 seconds click for animation Source: Blackrock The post U.S. Technology Adoption, 1900-2021 appeared first on The Big Picture.

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Nerd's Eye View

FEBRUARY 28, 2024

Initial outreach to a financial advicer rarely (if ever) results from a prospective client waking up in the middle of the night in a cold sweat because they just figured out that they're in desperate need of a comprehensive financial plan. Rather, prospects often reach out to set an initial appointment only when they realize they have a specific pain point that they need an advicer's help with.

Planning 240

Planning Financial Advice Financial Planning Clients 240

A Wealth of Common Sense

FEBRUARY 27, 2024

Despite 5% short-term interest rates and stickier inflation than some people would like and the Fed potentially pushing back interest rate cuts for a few months and the new True Detective seasons being a massive disappointment…the S&P 500 continues to take out new all-time highs. By my count there have already been a baker’s dozen in 2024 alone.1 Here are the new highs by year since 2015: 2015: 10 2016: 1.

Investing 141

Investing Investments Marketing Marketing 141

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

Abnormal Returns

FEBRUARY 26, 2024

Podcasts Frazer Rice talks Florida and California property insurance issues with Aon's LaTanya Simmons. (open.spotify.com) Michael Kitces talks with Ben Hockema. who is the Founder of Illuminate Wealth Management about how to fund your RIA. (kitces.com) Daniel Crosby on why not caring what other people think is a valuable asset. (standarddeviationspod.com) Diana Britton talks with Michael Kitces about adviser well-being.

Wealth Management 287

Wealth Management Financial Services Retail Insurance 287

Nerd's Eye View

FEBRUARY 26, 2024

In the early days of the financial advice industry, an advisor's options for generating new business were somewhat limited. Cold calls, country club memberships, Chamber of Commerce networking, and referrals (from clients or centers of influence) were staples for growth, and determining how successful those sales-centric efforts were was rather straightforward.

Marketing 215

Marketing Marketing Sales Clients 215

Wealth Management

FEBRUARY 29, 2024

The firm’s board is already conducting a search for his successor. Additionally, Greg Davis has been appointed as president in addition to his current role as chief investment officer.

Investing 142

Investing Investments 142

Abnormal Returns

FEBRUARY 27, 2024

Markets Communications and health care are leading the U.S. market in 2024. (capitalspectator.com) A closer look at Europe's answer to the Magnificent Seven stocks, GRANOLA. (biopharmadive.com) Strategy What happens when you invest right before a bear market? (awealthofcommonsense.com) The case for, but mostly against, dividend-focused ETFs. (ofdollarsanddata.com) Why it's so easy to get sucked into trading too much.

Advertising 286

Advertising Financial Advising Communication Economy 286

The Big Picture

FEBRUARY 27, 2024

Transcript: The transcript from this week’s MiB: Andrew Slimmon, Morgan Stanley Investment Management , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ XXXXX ~~~ The post Transcript: Andrew Slimmon, Morgan Stanley Investment Management appeared first on The Big Picture.

Management 157

Management Investing Investments 157

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

A Wealth of Common Sense

MARCH 1, 2024

A podcast listener asks: How do you both manage to produce podcasts every week, handle your jobs, write, read, and raise families without burning out? How do you maintain this balance? What strategies do you use to recharge yourselves? Personally, when I go on vacation, I completely disconnect from work, yet I’ve noticed you guys continue podcasting even during your vacations.

Management 131

Management 131

Calculated Risk

FEBRUARY 29, 2024

From the NAR: Pending Home Sales Receded 4.9% in January Pending home sales in January dropped 4.9% , according to the National Association of REALTORS®. The Northeast and West posted monthly gains in transactions while the Midwest and South recorded losses. All four U.S. regions registered year-over-year decreases. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – decreased to 74.3 in January.

Sales 133

Sales 133

Abnormal Returns

FEBRUARY 25, 2024

Top clicks this week Joshua Brown, "When too many learn the same game and it gets very easy to both play and teach to friends, the game breaks." (downtownjoshbrown.com) Why you need to further investigate high dividend yields. (wsj.com) The wealth management industry is going to be slammed with demand. (downtownjoshbrown.com) What's driving stock market returns?

Math 281

Math Wealth Management Retirement Planning 281

Alpha Architect

MARCH 1, 2024

Be careful before acting on what is considered to be conventional wisdom. Make sure it’s supported by empirical evidence. In this case, the evidence makes clear that “cut your losses and let your profits run” should not be conventional wisdom. Cut Your Losses and Let Profits Run? was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Investing 130

Investing Investments 130

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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

A Wealth of Common Sense

FEBRUARY 29, 2024

A reader asks: What’s the biggest risk in the markets right now? The simple answer here is the one everyone has been preparing for over the past 24 months — a recession. In the post-WWII era, the U.S. economy has slipped into a recession roughly once every 5 years or so, on average. Look at how spaced out those recessions (the grey bars) have become in recent decades: From the late-1940s through the early-198.

Economy 130

Economy Marketing Marketing 130

Calculated Risk

FEBRUARY 28, 2024

"Higher rates in recent weeks have stalled activity", Mike Fratantoni, MBA’s SVP and Chief Economist. From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 5.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 23, 2024.

Marketing 132

Marketing Marketing 132

Abnormal Returns

FEBRUARY 28, 2024

Markets Some of the most speculative sectors are perking up. (allstarcharts.com) Bitcoin hit its highest level since November 2021. (blockworks.co) Strategy Rubin Miller, "Investing on hopes and hunches — making emotional decisions — is why so few portfolios earn the actual market return." (fortunesandfrictions.com) The rise of passive investing hasn't broken the markets.

Valuation 276

Valuation Financial Advising Startup Media 276

The Irrelevant Investor

FEBRUARY 26, 2024

Today was one of the best days of my life. I got to meet and interview my favorite athlete of all time, Eli Manning. Surreal is putting it mildly. I’ve never felt more of an emotional connection to an athlete than Eli, and I never really thought about why until this weekend when I was writing an introduction for him. I am a lifelong die-hard Giants and Knicks fan.

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121

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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

A Wealth of Common Sense

FEBRUARY 25, 2024

The housing market wasn’t supposed to remain this strong. People were forecasting for a 20% drop in housing prices in 2022. It made sense at the time. Everyone was predicting a recession. Prices had shot up 50% in three years. The Fed was jacking up interest rates. Mortgage rates went vertical. And all we got was a wimpy 2-3% dip in prices. I cannot predict the future but it’s hard to come up with a bearish th.

Marketing 121

Marketing Marketing 121

Calculated Risk

MARCH 1, 2024

From the Census Bureau reported that overall construction spending increased: Construction spending during January 2024 was estimated at a seasonally adjusted annual rate of $2,102.4 billion, 0.2 percent below the revised December estimate of $2,105.8 billion. The January figure is 11.7 percent above the January 2023 estimate of $1,882.2 billion. emphasis added Private spending increased and public spending decreased: Spending on private construction was at a seasonally adjusted annual rate of $

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Abnormal Returns

MARCH 1, 2024

The biz Google Podcasts is going away. (wired.com) Finance Joe Weisenthal and Tracy Alloway talks multi-strategy hedge funds with Krishna Kumar, a portfolio manager at Goose Hollow Capital Management. (podcasts.apple.com) Patrick O'Shaughnessy talks with Ali Hamed, co-founder and partner at CoVenture. (joincolossus.com) Barry Ritholtz talks concentrated portfolios with Andrew Slimmon, managing director at Morgan Stanley Investment Management.

Portfolio Management 273

Portfolio Management Portfolio Management Investing 273

Wealth Management

FEBRUARY 28, 2024

Nesvold says she’ll certainly use her M&A know-how, but she’ll also play a larger role connecting the dots between Emigrant’s businesses—with the high-net-worth individual at the center of it all.

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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

Advisor Perspectives

FEBRUARY 29, 2024

Personal income ( excluding transfer receipts ) rose 0.7% in January and is up 5.4% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.3% month-over-month and 2.9% year-over-year.

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Calculated Risk

FEBRUARY 27, 2024

S&P/Case-Shiller released the monthly Home Price Indices for December ("December" is a 3-month average of October, November and December closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P S&P CoreLogic Case-Shiller Index Reports 5.5% Annual Home Price Gain for Calendar 2023 The S&P CoreLogic Case-Shiller U.S.

Accounting 127

Accounting Assets Marketing Marketing 127

Abnormal Returns

FEBRUARY 29, 2024

Crypto Memecoins are soaring. (theblock.co) A skeptical take on crypto, and factors. (ft.com) Brokers WeBull is going public via a SPAC deal. (wsj.com) Robinhood ($HOOD) wants to provide IRAs to gig workers. (investmentnews.com) Finance Banks are now lending to private credit funds. (semafor.com) Why Goldman Sachs ($GS) trades at a discount to the stock market.

Financial Advising 272

Financial Advising Media Economy Banking 272

Wealth Management

FEBRUARY 26, 2024

As donors and their tax advisors report 2023 charitable gifts, they should ensure compliance with the substantiation requirements to avoid questions about, and possible disallowance of, their charitable deductions.

Taxes 119

Taxes Compliance 119

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

Alpha Architect

MARCH 1, 2024

Full exposure to domestic equities. Full exposure to international equities. Partial exposure to REITs. No exposure to commodities. Partial exposure to intermediate-term bonds. DIY Trend-Following Allocations: March 2024 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Asset Allocation 109

Asset Allocation Assets 109

Calculated Risk

FEBRUARY 29, 2024

Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through January 2024. CPI Shelter was up 6.1% year-over-year in January, down from 6.2% in December, and down from the cycle peak of 8.2% in March 2023. Housing (PCE) was up 6.1% YoY in January , down from 6.3% in December, and down from the cycle peak of 8.3% in April 2023.

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Abnormal Returns

MARCH 1, 2024

February 2024 A look at asset class performance for February 2024. (allstarcharts.com) Small cap stocks are still down on the year. (on.spdji.com) The momentum factor had a big month. (mrzepczynski.blogspot.com) Markets What's the biggest risk right now? (awealthofcommonsense.com) Stock market concentration is the norm. (acadian-asset.com) Crypto Bitcoin is now worth two Teslas ($TSLA).

Financial Advising 262

Financial Advising Media Economy Assets 262