Wealth Management

FEBRUARY 28, 2024

The amount of seven-figure retirement accounts at Fidelity Investments surged in the fourth quarter of 2023.

Numbers 265

Numbers Retirement Accounting Investments 265

Nerd's Eye View

DECEMBER 20, 2024

Senate appears poised to pass legislation that would eliminate the long-established WEP and GPO provisions and increase the Social Security benefits of many state and local workers in the process From there, we have several articles on investment planning: While index funds are often viewed as 'passive' investments, advisors can add value for their (..)

Financial Planner 246

Financial Planner Certification CFP Education 246

The Big Picture

NOVEMBER 26, 2024

Full transcript below. ~~~ About this week’s guest: Matt Hougan, Chief Investment Officer at Bitwise Asset Management discusses the best ways to responsibly manage crypto assets. I’m Barry Ritholtz, and on today’s edition of At the Money , we’re going to discuss how retail investors can responsibly invest in crypto.

Investments 147

Investments Investing Assets Retail 147

Nerd's Eye View

NOVEMBER 19, 2024

We also talk about how Anjali grew her revenue primarily by not increasing her client headcount (which only rose from 35 to 45 clients over the past 6 years) and instead focused on raising her minimum annual retainer fee from $10,000 to $18,000 per client, why Anjali's current clients and prospects are largely willing to pay this fee given the tailored (..)

Clients 244

Clients Financial Advisor Business Planning Taxes 244

Abnormal Returns

SEPTEMBER 18, 2024

Strategy No matter how you spin the numbers, day trading is a losing proposition. morningstar.com) Companies Tupperware ($TUP) has filed for Chapter 11. alchemy.substack.com) 23andMe's ($ME) independent board members have resigned. axios.com) Coffee Coffee prices just keep going up. ft.com) Customized (coffee) drinks are all the rage.

Investments 278

Investments Investing Financial Advising Media 278

Nerd's Eye View

APRIL 9, 2025

It's natural for advisors to begin discovery meetings by asking questions about a client's current financial situation – understanding cash flow, debt, investments, risk tolerance, or even the burning tax concern that brought them to the advisor's door in the first place is crucial for financial planning.

Clients 201

Clients Financial Planning Risk Tolerance Planning 201

Nerd's Eye View

NOVEMBER 15, 2024

Also in industry news this week: NASAA has proposed an amendment to its broker-dealer conduct model rule that would restrict the use of the terms “advisor” and “adviser” for broker-dealers and their registered representatives who are not also investment advisers or investment adviser representatives A recent study suggests that (..)

Financial Planner 246

Financial Planner Asset Allocation Taxes Tax Planning 246

Wealth Management

MARCH 14, 2024

The platform now includes more than a dozen fee-based alternative strategies, a comparable number of globally diversified passive strategies and five internal SMAs.

Management 272

Management Investments Investing Numbers 272

Nerd's Eye View

NOVEMBER 25, 2024

Over the past decade, a growing number of advisors have expanded into offering comprehensive financial planning services, reflecting a shift that not only helps them stand out from (increasingly commoditized) portfolio management offerings but also supports clients' broader financial goals.

Financial Planning 235

Financial Planning Sales Planning Retirement 235

The Big Picture

FEBRUARY 18, 2025

We are four weeks out from the publication of “ How Not To Invest: The ideas, numbers, and behaviors that destroy wealth – and how to avoid them.” The result: Bad investment outcomes that should not have occurred. ” Audio, ebook, and hard copies are all scheduled to drop on the same day, March 18, 2025.

Investments 189

Investments Investing Numbers 189

Nerd's Eye View

APRIL 11, 2025

Also in industry news this week: NASAA this week approved model rule amendments that would restrict the use of the titles "advisor" and "adviser" by broker-dealers (and their registered representatives) who are not also dually registered as investment advisers, which, if adopted by state regulators, would largely bring state rules on this issue in (..)

Financial Planner 163

Financial Planner Communication Commission Clients 163

Nerd's Eye View

JANUARY 24, 2025

Nonetheless, given the scale and brand awareness of the wirehouses, and as their own use of fee-based models increases (as opposed to primarily relying on commissions from selling products), competition for clients (and advisors) will likely remain stiff going forward, even amidst the favorable trends for RIAs Also in industry news this week: A recent (..)

Financial Planner 246

Financial Planner Asset Allocation Clients Commission 246

Nerd's Eye View

MARCH 7, 2025

stocks has outpaced the rest of the market by so much that the number of companies categorized as “large cap” has shrunk from nearly 500 to only around 150 over the last 15 years Amid fears that U.S. equities underperforming international stocks over the next 10 years Why today’s high U.S.

Financial Planner 237

Financial Planner Taxes Numbers Planning 237

The Big Picture

FEBRUARY 7, 2024

 At the Money: Stock Picking vs. Value Investing with Jeremy Schwartz, Wisdom Tree. Should value investing be part of that strategy? TRANSCRIPT: Jeremy Schwartz Value Investing Barry Ritholtz : How much you pay for your stocks has a giant impact on how well they perform. What Is value investing?

Investments 296

Investments Investing Valuation Portfolio 296

Nerd's Eye View

JANUARY 20, 2025

Luckily, alongside the increasing popularity of podcasts on a seemingly infinite range of topics, there is a growing ecosystem of podcasts aimed at financial advisors, covering everything from practice management and career development to technical topics, such as investment, tax, and estate planning.

Financial Advisor 246

Financial Advisor Financial Advice Financial Planner Estate Planning 246

Nerd's Eye View

JANUARY 10, 2025

Also in industry news this week: A survey indicates that nearly 71% of new financial advisors drop out in the first 5 years, with firms offering better training and mentorship opportunities (as well as entry-level positions that don't come with business development targets) seeing higher employee retention rates How broker-dealer self-regulatory organization (..)

Financial Planner 189

Financial Planner Clients Financial Advice Numbers 189

Nerd's Eye View

JANUARY 31, 2025

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that following the change of administration (and a new incoming chair of the SEC), the Investment Adviser Association is seeking to find ways to help RIAs (particularly smaller firms) manage the compliance responsibilities they (..)

Financial Planner 245

Financial Planner Retirement Planning Compliance Taxes 245

Nerd's Eye View

NOVEMBER 4, 2024

This month's edition kicks off with the news that Holistiplan has announced the rollout of a new estate plan document extraction tool to stand alongside its highly popular tax return scanning tool – which highlights how advances in AI technology have allowed tools like Holistiplan to go beyond tax returns and scan nearly any kind of document (..)

Estate Planning 243

Estate Planning Planning Communication Taxes 243

The Big Picture

APRIL 8, 2023

His next book, “The Corporate Lifecycle: Business, Investment, and Management Implications,” will be published in December. He tells his classes “ What makes for a good valuation is you’re either a disciplined storyteller or an imaginative number cruncher.”

Valuation 306

Valuation Insurance Numbers Portfolio Management 306

Nerd's Eye View

MARCH 28, 2025

Also in industry news this week: A recent survey indicates that younger "DIY" investors are more likely to be interested in working with a human advisor than their older counterparts, suggesting an opportunity for advisors to tap into this demographic (perhaps by setting minimum planning fees that ensure these clients can be served profitably today (..)

Financial Planner 229

Financial Planner Retirement Retirement Planning Clients 229

Nerd's Eye View

JANUARY 17, 2025

Also in industry news this week: A recent survey indicates that members of Generation X are struggling more with retirement planning compared to older Baby Boomers and younger Millennials, potentially offering opportunities for financial advisors to help Gen Xers create a plan to 'catch up' when it comes to both their retirement savings and their financial (..)

Financial Planner 246

Financial Planner Retirement Planning Retirement Financial Advisor 246

The Big Picture

SEPTEMBER 22, 2022

The data always has some interesting findings about how the very wealthy are investing, consuming, and otherwise spending their time and money. The actual data had some very interesting highlights, including some ginormous numbers: -Global Wealth: $463.6 This year is one of those times. This year is one of those times.

Distribution 331

Distribution Numbers Media Investing 331

Nerd's Eye View

FEBRUARY 24, 2025

In this guest post, Tim Goodwin, founder of Goodwin Investment Advisory, shares how his firm approached this challenge. While many firms may continue serving a certain number of unprofitable clients (such as friends or family members of the advisory team), too many can strain firm resources.

Clients 212

Clients Communication Numbers Management 212

Nerd's Eye View

FEBRUARY 4, 2025

In this episode, we talk in-depth about how Cristina's personal experience dealing with challenging issues with her own aging parents while simultaneously caring for her young children helped her recognize the challenges those in the "sandwich generation" face, how Cristina leveraged the research she did for her personal situation (including finding (..)

Financial Advisor 229

Financial Advisor Clients Financial Planning Planning 229

Nerd's Eye View

JANUARY 6, 2025

From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: SEI has acquired LifeYield, which is designed to facilitate tax-efficient management of multiple accounts across an entire household, to bundle into its RIA custodial platform and investment management technology – underscoring (..)

Startup 188

Startup Financial Advisor Clients Portfolio Management 188

The Big Picture

MARCH 10, 2025

David Nadig, “ Rabbithole ” March 7, 2025 I had fun chatting with Dave Nadig about philosophy, behavior, and investing ( video after the jump). Question : “ Barry, your book How Not to Invest dissects numerous financial misconceptions. But let’s set aside markets and investing strategies entirely.

Investing 195

Investing Investments Food Ethics 195

Abnormal Returns

JUNE 18, 2024

ofdollarsanddata.com) Pension funds could skip on the alternatives and just invest in low-cost index investments. crr.bc.edu) Strategy The many ways in which investing is NOT like poker. economist.com) An increasing number of houses in Japan have been abandoned. caia.org) Apple ($AAPL) is discontinuing Apple Pay Later.

Financial Advising 298

Financial Advising Media Assets Economy 298

Abnormal Returns

OCTOBER 8, 2023

awealthofcommonsense.com) Why simplicity in investing can help reduce errors. axios.com) Defining what you will invest in, versus what you will not invest in, is important. insights.finominal.com) Skip Michael Lewis' new book and instead read Zeke Faux's "Number Go Up." latimes.com)

Numbers 290

Numbers Assets Investments Investing 290

Abnormal Returns

MARCH 14, 2025

larrykotlikoff.substack.com) Finance Scott Galloway talks with Barry Ritholtz about his new book "How Not to Invest: The Ideas, Numbers, and Behaviors That Destroy Wealth - and How to Avoid Them." Richard Berner about the evisceration of financial oversight. ritholtz.com) Joe Fahmy talks avoiding trading mistakes with Brian Lund.

Budgeting 147

Budgeting Taxes Economy Economics 147

The Big Picture

OCTOBER 30, 2024

Meb Faber, Cambria Investments (October 30, 2024) Dividend investing has a long and storied history, but it turns out dividends are only part of the picture driving stock returns. He is the author of shareholder yield, a better approach to dividend investing just out in its second edition this week.

Investing 147

Investing Investments Valuation Numbers 147

Wealth Management

AUGUST 20, 2024

The alternative investment platform emphasizes its open architecture and sees itself as an enterprise solution for advisors rather than connecting large numbers of asset managers and RIAs.

Numbers 244

Numbers Assets Management Investments 244

The Big Picture

MAY 6, 2024

Much of it reflects the bad ideas and numbers, and worse advice, that float around Wall Street. Calculating returns back to May 1974 gives us numbers that look like this: S&P 500 Index annualized generated gains of 8.44%; if you reinvested the dividends, the annualized gains were 11.43%.2 A lot of it has not aged well.

Numbers 290

Numbers Investing Investments Marketing 290

Abnormal Returns

MAY 12, 2024

sherwood.news) Don't take your investing advice from TikTok. ritholtz.com) The number of single-stock ETFs is growing. (morningstar.com) Charlie Munger was constantly learning and "unlearning." davisfunds.com) Stocks have stopped going up. wsj.com) Bill Ackman's 'anti-woke' campaign has paid off in one way.

Numbers 279

Numbers Investing Investments Marketing 279

Calculated Risk

SEPTEMBER 18, 2024

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. The score is derived from a monthly survey of architecture firms that measures the change in the number of services provided to clients. It has now been nearly two years since firms saw sustained growth. Click on graph for larger image.

Clients 323

Clients Numbers Economics Investing 323

Nerd's Eye View

MARCH 14, 2025

Which, if implemented under the new administration, could provide relief for investment advisers, particularly smaller firms that already have to balance compliance with client service, marketing, and the other duties that go into running a firm.

Financial Planner 163

Financial Planner Compliance Commission Retirement 163

The Big Picture

FEBRUARY 5, 2025

He learned about alts working under the legendary David Swensen at the Yale University Investments Office. His latest book is Private Equity Deals: Lessons in investing, dealmaking, and operations. Is this the right investment vehicle for me? I think that’s generally how the media works at investing, right?

Taxes 147

Taxes Portfolio Management Investments 147

Abnormal Returns

MARCH 18, 2025

on.ft.com) How Not to Invest Ten insights from Barry Ritholtz's new book "How Not to Invest: The Ideas, Numbers, and Behaviors That Destroy Wealth - and How to Avoid Them." crazystupidtech.com) Fund management If you are going to invest in actively managed funds, keep an eye on fees.

Media 147

Media Economy Numbers Management 147