Nerd's Eye View

JANUARY 25, 2023

With the U.S. economy predicted by many experts to slow down in the near future, many people’s thoughts have turned to the prospect of a recession. And along with those expectations may come concerns for those still in the workforce about the possibility of layoffs, and needing to get by without income for an unknown period of time. Such periods can be fraught with anxiety, since beyond 'just' the fear of losing one’s livelihood is the realization that there is little way to control

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Clients Planning Insurance Medical 187

The Reformed Broker

JANUARY 25, 2023

Bitcoin is a middling technology that, 15 years after its introduction to the world, still does not have a single legitimate use case in the developed world where it’s the best possible solution to a problem. It’s worse than our traditional stores of value (gold, US dollar) because of its inherent volatility (roughly 5x more volatile than the stock market).

Marketing 353

Marketing Marketing 353

The Big Picture

JANUARY 23, 2023

I wanted to drop a quick note about the endless spate of layoff announcements — and why you should (mostly) ignore them. Let’s start with some numbers: Microsoft 22,000 (10%) Amazon 18,000 (1%) Google 12,000 (6.4%) Salesforce 7,000 (10%) Tesla 10,000 (10%) Twitter 3,700 (50%) Apple 0 (0%) Keep in mind a few things as you con

Economics 322

Economics Numbers Planning Investing 322

Abnormal Returns

JANUARY 22, 2023

Top clicks this week What investment beliefs do you hold that a majority of investment pros would disagree with? (mebfaber.com) Is this a new bull market? Hold on. (theirrelevantinvestor.com) The stock market typically bottoms before earnings. (tker.co) Nick Maggiulli, "Being rich is a feeling." (ofdollarsanddata.com) Time and patience play a big role in wealth building.

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Insurance Investing Investments Marketing 275

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

Nerd's Eye View

JANUARY 23, 2023

An important truism about marketing is that to be effective, the marketer’s message needs to connect with the audience it intends to reach. Traditional forms of marketing used by financial advisors – including networking with one’s friends and family members, cold-calling, and paid advertising – have been effective at reaching a ‘typical’ client base of older, wealthy retirees.

Marketing 240

Marketing Marketing Financial Planner Education 240

The Big Picture

JANUARY 25, 2023

Fascinating discussion this morning from Robin Powell. He points to a research note from Kings College where the authors surveyed active managers about how they were responding to the shift in favor from active to passive fund management over the past decade or two. But they also asked questions about how these managers invested their own monies. Robin buries the lede in his discussion, but allow me to correct that oversight: “ Active managers invest their own capital passively.” Man

Management 301

Management Investing Investments Financial Market 301

Abnormal Returns

JANUARY 27, 2023

The biz The podcasting business has gone from gold rush to mature in a couple of years. (niemanlab.org) Spotify ($SPOT) has yet to make the most of its podcast acquisitions. (theverge.com) Twenty lessons Ryan Holiday learned making his podcast including ' (ryanholiday.net) AI Derek Thompson talks with Ben Thompson, of Stratechery, about the wide-ranging impact of AI.

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Management 262

Nerd's Eye View

JANUARY 24, 2023

Welcome back to the 317th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jennifer Climo. Jennifer is the CEO and a Senior Advisor for Milestone Financial Planning, an independent RIA based in Bedford, New Hampshire, that oversees $360 million in assets under management for 225 client households. What's unique about Jennifer, though, is how, after more than a decade of building her own successful solo practice, she intentionally decided to merge her practice wit

Management 237

Management Financial Advisor Planning Retirement 237

The Reformed Broker

JANUARY 25, 2023

I had a bit of a flashback last night to the year 2000, sitting in my office after hours watching JDS Uniphase collapse on the heels of its conference call after reporting “better than expected” earnings for the quarter. Throughout 2000, techs and telecoms were still making a ton of profit, but it was becoming apparent that they were still coasting on the spend from 1999.

Marketing 325

Marketing Marketing 325

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

The Big Picture

JANUARY 26, 2023

I am genuinely excited about a new presentation I have been working on since the holidays: How to Avoid Financial Disasters. My career in finance has coincided with an amazing string of disasters, ranging from the analyst scandal, IPO spinning, and accounting restatements, to say nothing of Enron, Bernie Madoff, and FTX. The TL:DR version: there are three big problems that HNW and UHNW investors that lead to a devastating loss of capital: 1.

Accounting 292

Accounting Portfolio Investing Investments 292

Abnormal Returns

JANUARY 25, 2023

Crypto Some crypto miners are sitting on valuable electricity contracts. (ft.com) The crypto bottoming keeps gaining momentum. (coindesk.com) Companies Josh Brown, "If you were the CEO or CFO of a Fortune 500 company, why wouldn’t you project caution right now?" (thereformedbroker.com) What you can learn about enterprise spending from Microsoft's ($MSFT) earnings.

Financial Advising 246

Financial Advising Startup Media Retirement 246

Nerd's Eye View

JANUARY 27, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that CFP Board announced this week that it is splitting into two separate organizations with the same leadership but different nonprofit statuses. By switching to 501(c)(6) nonprofit status, the new CFP Board of Standards will have expanded abilities to advance the planning profession through lobbying and more targeted advertising messages to grow the ranks of

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Financial Planner Nonprofit CFP Advertising 220

The Reformed Broker

JANUARY 27, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Nathan Vardi, and Downtown Josh Brown discuss Nathan’s book (For Blood and Money), the biotech landscape, hedge fund returns, the GOAT of investing, venture capital, why the market is rallying, 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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Investing Investments Marketing Marketing 246

Advertisement

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

The Big Picture

JANUARY 25, 2023

My mid-week morning train WFH reads: • NYSE Investigates Technical Issue That Caused Wild Market Open : At least 40 S&P 500 stocks were hit with trading halts. NYSE says it’s investigating issues with the opening auction. ( Bloomberg ) • For Tech Companies, Years of Easy Money Yield to Hard Times : Rock-bottom rates were the secret engine fueling $1 billion start-ups and virtual attempts to conquer the physical world.

Wealth Management 289

Wealth Management Medical Engineering Management 289

Abnormal Returns

JANUARY 21, 2023

EVs EVs made up 10% of global auto sales in 2022. (wsj.com) Toyota ($TM) pioneered hybrids, so have they resisted EVs? (slate.com) How Hertz ($HTZ) plans to help cities build charging networks. (axios.com) Why electric trucks at U.S. ports would help reduce air pollution. (marketwatch.com) In an ideal world, EVs are a part of the broader grid. (wired.com) Environment Where do California's reservoirs now sit, capacity-wise?

Advertising 246

Advertising Food Financial Advising Media 246

Nerd's Eye View

JANUARY 26, 2023

For many financial advisory firm owners, growth is often the primary goal in the early years of launching a business. However, at a certain point, initial business growth goals will have been met, leaving the business owner at a crossroads of deciding where to take the business next – should they maintain the firm’s current size or continue the growth trajectory and adapt to the firm’s growing needs to bring on more clients?

Communication 209

Communication Clients Financial Advisor Business Planning 209

The Reformed Broker

JANUARY 26, 2023

Final Trades: Qualcomm, Chevron, Carlyle Group & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Advertisement

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

The Big Picture

JANUARY 21, 2023

The weekend is here! Pour yourself a mug of Colombia Tolima Los Brasiles Peaberry Organic coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The Art and Science of Spending Money : Money “the greatest show on earth” because of its ability to reveal things about people’s character and values. How people invest their money tends to be hidden from view.

Food 261

Food Media Investing Investments 261

Abnormal Returns

JANUARY 27, 2023

Strategy The investment landscape has completely transformed in the past century. (awealthofcommonsense.com) 2022 shows that every portfolio strategy comes under pressure. (portfoliocharts.com) Why so many investors get caught up in return chasing. (novelinvestor.com) The stock market is constantly providing us 'instant feedback' much to our detriment.

Financial Advising 245

Financial Advising Distribution Valuation Media 245

Calculated Risk

JANUARY 27, 2023

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released today from Chief Economist Danielle Hale: Weekly Housing Trends View — Data Week Ending Jan 21, 2023. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory growth continued to climb with for-sale homes up 69% above one year ago.

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Numbers Sales Marketing Marketing 145

The Reformed Broker

JANUARY 24, 2023

Final Trades: Live Nation, Chevron, Citigroup and more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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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

The Big Picture

JANUARY 27, 2023

Most podcasts have a Q&A between a guest and the host. Whenever I get together with Pete, it’s just two idiot friends BS-ing about whatever. I hope you enjoy this hour-long discussion about everything and nothing. (We start at the 15:15 mark). Pete always sneaks in some early chitchat that is candid and I don’t expect to make it to the show; after 4 years, I should know better.

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Abnormal Returns

JANUARY 26, 2023

Markets A look at Vanguard's 10-year equity return forecasts. (etf.com) Investment grade bonds are having a good start to the year. (axios.com) Why luxury watch prices are coming down. (ft.com) Strategy Jurien Timmer, “Just because the 60/40 didn’t work last year doesn’t mean it will never work again.” (morningstar.com) Bubbles often come along with new metrics to justify them.

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Startup Financial Advising Investment Advisor Insurance 245

Calculated Risk

JANUARY 22, 2023

Earlier, in the CalculatedRisk Real Estate Newsletter on December existing home sales, NAR: Existing-Home Sales Decreased to 4.02 million SAAR in December , I mentioned that the median price was down more than normal seasonally. Below is a table of the seasonal pattern over the last several years. Seasonally prices typically peak in June (closed sales for contracts signed mostly in April and May).

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Sales 145

The Reformed Broker

JANUARY 25, 2023

IBM beats on top line, profits in margin from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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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

Wealth Management

JANUARY 23, 2023

In a settlement, FINRA said the firm mistakenly believed that third-party b/ds executing the trades were responsible for spotting potential market manipulation.

Marketing 144

Marketing Marketing 144

Abnormal Returns

JANUARY 24, 2023

Markets We are in the strongest part of the Presidential election cycle. (allstarcharts.com) Why value stocks can outperform for a while. (mailchi.mp) Strategy Don't let any investment become your identity. (youngmoney.co) Why it's so hard not to tinker with your investment process. (behaviouralinvestment.com) Companies The DOJ has filed suit against Google ($GOOGL) over online advertising.

Financial Advising 245

Financial Advising Advertising Medical Media 245

Calculated Risk

JANUARY 27, 2023

The BEA released the Personal Income and Outlays report for December: Personal income increased $49.5 billion (0.2 percent) in December , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $49.2 billion (0.3 percent) and personal consumption expenditures (PCE) decreased $41.6 billion (0.2 percent).

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Food Economics 141