Data science will no longer remain the preserve of large quantitative managers.
Any successful implementation of a new technology depends on effective communication.
“Very strict enforcement” is a euphemism used by the American Automobile Association to warn motorists of places where even minor traffic violations will likely be caught and punished with heavy fines.
Most voters aren’t going to get hot under the collar about battles in Washington, DC, over bank capital requirements, but they definitely relate to stories about home loans becoming more expensive or less available. That doesn’t mean debate is straightforward, especially once each side starts throwing numbers around.
Stock markets that have refused to buckle under the highest yields since 2007 face a new test. Third-quarter results will shine a light on how much those rates are already hitting profits — and what they’ll do to lofty equity valuations.
After investment losses tore through the US financial system this year, a fresh slump in bank stocks shows some investors fear the problem — which at its most extreme claimed a handful of lenders — hasn’t gone away.
Over the past two weeks, I’ve met with more than a dozen vendors. Here’s what I learned.
Three major housing-industry lobby groups called on Federal Reserve Chair Jerome Powell to refrain from raising interest rates any further and to pledge against selling mortgage bonds unless real estate financing stabilizes.
I have a client who is 79 years old. He is on his third marriage to a woman who is 40 years old.
When you are trying to build trust with a new prospect, one of the worst things you can do is sell your “value proposition” – an extinct notion that no longer applies in today’s highly competitive market.
In the next year, we will see the introduction of the fully functioning, digital-human financial advisor.
Economics is still a male-dominated profession. Among full professors, only 1 out of every 8 is a woman. Among assistant professors, women are a little less than 1 in 3, similar to their share of undergraduate economics majors.
What everyone wants to know now is how much further the selloff will go and how long it will last. I can venture a few educated guesses based on history.
By placing personalization at the forefront, advisors make the financial journey more than just a series of transactions – it becomes a curated experience tailored to each client.
But to serve more people who need your services and insights, often before the urgency is critical, you must close this profound gulf between what your clients know and your prospects think.
For two decades, Amy Wu Silverman has tracked fear and greed across Wall Street by keeping a close eye on the twists and turns in the Cboe Volatility Index.
Even as stocks rallied back during the monetary panic last week, big disruptions in the world of Treasuries threaten fresh pain for a host of hedging strategies on Wall Street.
Selling a business and managing sudden wealth calls for guidance from trusted advisors and a consistently mindful approach.
The reasons people choose to live in high-cost-of-living locations are clearly emotional.
Advisor Perspectives has announced its Venerated Voices™ awards for commentaries published in Q3 2023.
Bob attended the Insider’s Forum in San Antonio last week - a gathering of several hundred financial planners that focused on the latest research in practice management and other topics for the advisory profession.
When you see articles and posts about the Michigan Consumer Sentiment Index, ignore them.
Michael Kitces just published the results of his new software survey. Many of the results confirmed what Joel Bruckenstein and I have been reporting for years. But there were some key differences.
It is unlikely housing prices are set to crash unless there is an unexpected shock (a “black swan” event).
In investing, you can have a safe present or future value, but not both!
Denied the dubious spectacle of a cage match between Elon Musk and Mark Zuckerberg, the world may yet be treated to a contest pitting the Tesla chief executive against an underdog from Indiana.
When Congress voted in 2018 to give regional banks a break from stiffer post-crisis capital rules, it created a two-tier banking system in the US.
Bond investors are coalescing around a segment of the Treasuries market that offers a measure of protection from this year’s brutal rout and also positions them for the recession that some still anticipate.
Goldman Sachs Group Inc. economists said the surge in US Treasury yields to historically high levels over the last several weeks will crimp economic growth and sow financial risks, though the bank is still not calling for a recession.
Bill Bengen has continued his groundbreaking research into retirement strategies. He has developed a framework for retirees to monitor and adjust withdrawals based on inflation and market performance.
Executive search firms are anticipating an uptick in resignations as the average tenure of America’s top finance chiefs grows to the longest of any sector, and those who may have delayed leaving to provide stability through the Covid-19 pandemic look to exit.
The bond market’s selloff accelerated after a surge in US hiring raised expectations that the Federal Reserve will need to raise interest rates again this year.
For the past 18 months, Federal Reserve Chair Jerome Powell has frantically been trying to break Americans' borrow-and-spend habits. It’s critical to his fight against inflation.
US employment unexpectedly surged in September by the most since the start of the year, illustrating a durable labor market and bolstering the case for another Federal Reserve interest-rate hike.
When the revolution in higher education finally arrives, how will we know? I have a simple metric: When universities change how they measure faculty work time.
South Florida has a reputation as a leading indicator of housing market trouble, so the Cassandras are understandably watching the region closely these days.
Bill Gross is right: bond ETF activity has been frenzied in the grip of Wall Street turmoil.
Emerging-market currencies erased their Friday gains and were poised for a third week of declines as a stronger-than-expected US jobs report underscored global interest rates could remain higher for longer.
Not so long ago, families, businesses and governments were effectively living in a world of free money.
Economists, policymakers and politicians are used to there being two variables that serve as a scorecard for how the public feels about the economy — unemployment and inflation. A year ago, when inflation was at 40-year highs, public unhappiness made sense.
For the last 40 years, interest rates have gone pretty much one way: down. In the last 18 months, however, rates have crept up, and many are worried they will stay high.
Losses on longer-dated Treasuries are beginning to rival some of the most notorious market meltdowns in US history.
Bulls hoping the Nasdaq 100’s best day since August is the start of a meaningful rebound may be about to get a boost from a long-standing ally: tech companies themselves.
There are compelling arguments that interest rates will remain low rather than rise.
The Federal Reserve may be putting its hoped-for soft landing of the economy at risk by tacitly accepting a run-up in long-term interest rates to the highest levels since 2007.
The most challenging assignments I receive start with the advisor asking: “I had a great meeting with a prospect. Now I’m being ghosted. What should I do?”
One of the most frustrating things I encounter in working with prospects for our advisory firm is the lack of response.
If you go to a financial adviser to chat about investments, here’s how your first meeting will probably go: They will ask you about your attitude to risk. How much money are you prepared to lose?
The queue of soothsayers warning of impending doom is lengthening; growing concern about US domestic politics as well as the global economic backdrop risks sparking a full-blown market rout.
It’s getting bleak for equity bulls hoping for a reprieve from the US stock market’s “higher-for-longer” tantrum.
