Mish Talk

DECEMBER 11, 2022

Binance's Proof of Reserves Statement When we say Proof of Reserves, we are specifically referring to those assets that we hold in custody for users. During the interview, Mr. Hillmann also at times referred to the work performed by Mazars as an “audit.” "CZ" Image likeness courtesy of Coin Telegraph article below.

Assets 362

Assets Accounting Clients Economics 362

Nerd's Eye View

AUGUST 30, 2024

Nonetheless, given that adding services requires an investment on the part of the firm (often in the form of increased staffing to offer high-touch services and add needed expertise), firms appear to be analyzing the costs and benefits of offering these services in-house versus adding value to clients by referring them to trusted professionals in these (..)

Financial Planner 231

Financial Planner Financial Advisor Retirement Clients 231

Nerd's Eye View

MARCH 11, 2024

refer others to) the advisor. After identifying potential clients who might serve as good "active promoters", advisors can take the next step by asking clients whether they'd be willing to refer people in their networks who might benefit from the advisor's services.

Clients 246

Clients Media Accounting Management 246

Nerd's Eye View

MARCH 11, 2024

refer others to) the advisor. After identifying potential clients who might serve as good "active promoters", advisors can take the next step by asking clients whether they'd be willing to refer people in their networks who might benefit from the advisor's services.

Clients 246

Clients Media Accounting Management 246

The Big Picture

JUNE 30, 2023

Consider these gains in light of yesterday’s discussion about belief systems and thought processes , Only this time, instead of referring to anti-vaxxers and insurrectionists, think about all you heard from the fund managers, economists, strategists, and assorted pundits who freely opined on where this market was going to go in 2023.

Numbers 325

Numbers Investments Investing Management 325

Pragmatic Capitalism

SEPTEMBER 19, 2022

While the media has traditionally referred to a recession as 2 quarters of negative GDP the White [ … ] New episode of Three Minute Money here. Is the USA in a recession?

Media 176

Media 176

The Big Picture

AUGUST 23, 2023

– “ Art ” refers to the fact that this is not a science, and there is no single optimal solution for everybody. – “ Imperfect information ” refers to the fact that no one can possibly know all there is to know at any given moment. There is a lot of nuance packed into those 17 words.

Investing 246

Investing Investments Asset Allocation Healthcare 246

Nerd's Eye View

AUGUST 23, 2022

In this episode, we talk in-depth about how Shari developed her 5-prong “Maximize the Return on Life” approach with clients and how she and the rest of the advisors in her firm iteratively built over time their “CFO Family Checklist” of planning issues to discuss with clients, how Shari’s firm uses the Diamond Teams approach (..)

Clients 245

Clients Planning Financial Advisor Financial Planning 245

Abnormal Returns

JULY 24, 2023

vulture.com) Every single movie reference in the 'Barbie' movie. (variety.com) Despite what you might have heard 'Oppenheimer' is not over the top. theringer.com) In praise of 'Allan' in the 'Barbie' movie. time.com) Global The European economy was struggling even before the Ukraine war.

Financial Advising 246

Financial Advising Startup Economy Economics 246

Abnormal Returns

NOVEMBER 2, 2022

newsletter.abnormalreturns.com) Mixed media Two questions to ask during a reference check. (abnormalreturns.com) Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. hunterwalk.com) Toxic workers are bad for business. klementoninvesting.substack.com).

Portfolio 245

Portfolio Financial Advising Medical Retail 245

Nerd's Eye View

JUNE 13, 2023

We also talk about how Danika’s former career in corporate finance at a number of tech startups inspired her to work with women in tech, as she realized that she understood the financial issues they faced and by being specifically niche-focused, she could create more repeatable processes and it would be easier to scale the business over time, (..)

Financial Advisor 246

Financial Advisor Clients Startup Financial Planning 246

The Big Picture

APRIL 7, 2023

My frame of reference is the recent pandemic when we all seemed to have become a lot nicer. I can give you a laundry list of all of the ways that we have regressed: I want to avoid current news of indictments and partisan politics,1 and instead suggest one valid issue that is of concern: The loss of community in modern America.

Media 278

Media 278

The Big Picture

MAY 1, 2023

Ray Dalio put it even more starkly, noting that nothing is truly unprecedented , and we tend to use that word to refer to those things we have not experienced in our lifetimes. Investor Amnesia is a wonderful reminder that we tend to forget that which came before.

Financial Market 321

Financial Market Marketing Marketing Investments 321

The Big Picture

OCTOBER 24, 2024

I am not referring to extrapolating historical returns forward — “ Assume 8% total return per year on average ” — but rather, here is why markets should return X% versus the consensus of Y% for the next ten consecutive 12-month periods. But cherry-picking friendlier forecasts still relies on forecasts.

Distribution 326

Distribution Economics Portfolio Economy 326

The Big Picture

AUGUST 10, 2023

There are numerous ways to measure price increases, and I wanted to highlight a specific approach the BLS occasionally references: “The 16% trimmed-mean CPI.” As I have noted before, the entity primarily responsible for rising home prices higher is the Fed.

Distribution 241

Distribution Food 241

Nerd's Eye View

NOVEMBER 15, 2024

The study also looked at what “high performing” firms are doing differently than their peers, finding that these firms have a higher close rate on referred prospects, were better able to maintain pricing discipline, and had significantly lower expenses as a percentage of firm revenue.

Financial Planner 246

Financial Planner Asset Allocation Taxes Tax Planning 246

Nerd's Eye View

AUGUST 23, 2022

In this episode, we talk in-depth about how Shari developed her 5-prong “Maximize the Return on Life” approach with clients and how she and the rest of the advisors in her firm iteratively built over time their “CFO Family Checklist” of planning issues to discuss with clients, how Shari’s firm uses the Diamond Teams approach (..)

Clients 217

Clients Planning Financial Advisor Financial Planning 217

The Big Picture

MAY 5, 2023

He’s often referred to as Jungleman, a nod to his longtime screen name on poker sites. It would take some time, but many of the qualities that caused so much frustration in childhood — hyper-focused, analytical, determined — would fuel a meteoric tear through the poker world.

Startup 359

Startup Wealth Management Assets Management 359

Pragmatic Capitalism

AUGUST 2, 2022

While the media has traditionally referred to a recession as 2 quarters of negative GDP the White [ … ]. New episode of Three Minute Money here. Is the USA in a recession?

Media 148

Media 148

Nerd's Eye View

MAY 1, 2024

The rule, colloquially referred to as the "Internet Adviser Exemption ", applied to "entities that exclusively provide investment advice through an interactive website ", save for a de minimis exemption of fewer than 15 clients served outside of the interactive website within the preceding 12 months.

Investing 246

Investing Investments Compliance Clients 246

The Big Picture

NOVEMBER 11, 2022

Yesterday’s explosive move higher was exactly what I was referring to last month in Groping for a Bottom , when I suggested the risks were asymmetrical in : “The risk here feels asymmetric : The downside appears to me as a potential grind lower — the Fed overtightens, then keeps over-tightening; maybe earnings miss badly; That mild recession (..)

Marketing 278

Marketing Marketing Economy Investments 278

Nerd's Eye View

OCTOBER 20, 2023

Also in industry news this week: The latest update on the status of the Department of Labor's proposed regulation related to fiduciary advice on retirement accounts and why the agency is referring to it as a "retirement security rule" rather than a "fiduciary rule" A report suggests that RIA M&A surged in the 3rd quarter, as large acquirers resumed (..)

Financial Planner 246

Financial Planner Retirement Planning Retirement Insurance 246

Nerd's Eye View

AUGUST 19, 2022

From there, we have several articles on advisor marketing and sales: The questions busy advisors can add to their calendaring software to filter (and refer out) unqualified prospects before spending time on a meeting. Why consumers see both human advice and technological solutions as key parts of their financial success.

Financial Planner 246

Financial Planner CFP Clients Planning 246

Nerd's Eye View

MARCH 18, 2024

Soliciting prospect referrals can often be an effective way for financial advisors to grow their firms with clients who are ready to act and who will benefit from the firm since many referrals come from sources that are familiar not just with the advisor and the services they offer, but also with the prospect being referred and the needs they seek.

Assets 246

Assets Media Professional Services Financial Advisor 246

Nerd's Eye View

JUNE 11, 2024

In this episode, we talk in-depth about how Mark created a structured process to serve clients under the hourly model, including segmenting client engagements into 5 "levels" based on the complexity of their needs to match them with the right advisor, how Mark's firm uses those levels to provide accurate quotes for how many hours it will take to meet (..)

Planning 246

Planning Financial Advisor Financial Counseling Clients 246

Nerd's Eye View

MARCH 4, 2024

Welcome to the March 2024 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!

Startup 246

Startup Wealth Management Clients Portfolio 246

The Big Picture

DECEMBER 3, 2022

To clarify the audio — which was edited for brevity — when I mention I really like a specific Global X ETF on the show, I was referring to their themes and/or wacky ticker symbols; these are not “Buy” or “Sell” recommendations. Wind Energy WNDY. Clean Water AQWA. Disclosure: RWM does not own any of these).

Portfolio 204

Portfolio Investments Investing Assets 204

The Big Picture

SEPTEMBER 6, 2023

Goldman references the many films that studios passed on that would go on to be blockbusters. He also penned the immortal; phrase, “ Nobody knows anything.” Every studio in Hollywood (but one) turned down “Raiders of the Lost Ark.” 1 All the largest Hollywood studios passed on “Star Wars.” 2 Which brings us to “ John Wick.”

Distribution 306

Distribution Retirement Sales 306

Nerd's Eye View

MAY 20, 2024

By addressing the needs of their niche, advicers can better differentiate themselves, craft tailored and compelling marketing messages, become more referable, and create better efficiencies within their practices.

Clients 246

Clients Education Marketing Marketing 246

A Wealth of Common Sense

SEPTEMBER 21, 2022

” He was referring to himself, of course. West told Sarah Eisen, “They have one individual that could save the Gap.”

Financial Advice 142

Financial Advice Retail 142

Nerd's Eye View

JUNE 17, 2024

by referring the prospect to another advisor who might be able to better meet their needs ) so that the individual does not feel compelled to leave a negative review. Further, advisers can potentially reduce the number of negative reviews received by ensuring that prospect and client relationships that do not work out (e.g.,

Financial Advising 246

Financial Advising Compliance Advertising Marketing 246

Nerd's Eye View

JUNE 3, 2024

This month's edition kicks off with the news that 'startup' custodian Altruist has completed a $169 million fundraising round as it continues to rebuild the RIA custodial tech stack layer-by-layer while positioning itself as the biggest RIA custodian built from scratch and solely for advisors – which, while making it the clear #3 custodian behind (..)

Risk Tolerance 246

Risk Tolerance Communication Startup Financial Planning 246

Mish Talk

DECEMBER 13, 2022

The software was intended to replace ASX's Clearing House Electronic Subregister System (CHESS) "to improve functionality and efficiency, and adopt global standards".

Electronics 189

Electronics Distribution Government Assets 189

Nerd's Eye View

MAY 4, 2023

If revenue can support a new hire, the firm owner can then refer back to their least enjoyable tasks as a starting point to create a job description. This will help the advisor be more specific in defining the role they need to fill.

Clients 244

Clients Communication Management 244

Wealth Management

SEPTEMBER 4, 2024

Amendments refresh outdated terminology, references, responsible parties and procedures.

109

109

Advisor Perspectives

APRIL 29, 2024

The article to which this “Concerned American” refers was about investing in low-cost diversified index funds and U.S. Treasury instruments, such as TIPS. It wasn’t about politics, nor was I even thinking of the election as I wrote the piece.

Clients 117

Clients Investments Investing 117

Wealth Management

MARCH 27, 2024

The wirehouse claims that Zak Gardezy resigned from the firm and began soliciting former clients originally referred from Morgan Stanley’s E*Trade division.

Clients 110

Clients 110