Private Equity Insights
MARCH 17, 2023
It’s easy to understand why super-wealthy individuals or oil-rich nations might want to buy football clubs. There’s the glamor of associating with a sport followed by billions of fans and, for governments with a challenging public profile, the chance to project a softer, more cuddly image. The appeal for hard-nosed dealmakers focused on financial returns is harder to explain.
The Reformed Broker
MARCH 12, 2023
I feel pretty confident in making this call, and I don’t make market calls very often: We have seen the top for 2-year Treasury yields. It’s not going any higher than it’s been because there’s no reason for it to. Financial conditions are now contracting hard due in part to the events of this week but also because monetary policy operates on a lag – and the first Fed Funds hike of the cycle.
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The Big Picture
MARCH 16, 2023
Depositors heaved a sigh of relief when news broke Sunday that the Federal Deposit Insurance Corporation was going to make whole all of the accounts held at Silicon Valley Bank. Having full access to bank accounts meant those tech start-ups that make up much of SVB’s depositors would be able to make their weekly payrolls. They were the lucky ones: SVB’s equity investors were wiped out and senior bank management was fired.
A Wealth of Common Sense
MARCH 17, 2023
There were a lot of surprising details that came to light from the Silicon Valley Bank fiasco. It was surprising how quickly a bank run took hold for such a large institution. It was surprising how quickly the bank’s customers fled one of their most trusted partners. It was surprising how seemingly little oversight this now systemically important bank had.
Private Equity Insights
MARCH 17, 2023
I Squared Capital is considering selling a minority stake in Think Gas Distribution Pvt. that could value the Indian natural gas supplier at more than $1bn, according to people familiar with the matter. The private equity firm is working with an adviser to sell as much as a 30% stake in Think Gas, said the people, who asked not to be identified as the information is private.
Steve Sanduski
MARCH 14, 2023
Guest: Gayle Colman , Certified Financial Planner®, Master Integral Coach®, and author of the new book The Body of Money. In a Nutshell: Financial decisions are often framed as a tug of war between the head and the heart. But by paying attention to how the whole body expresses feelings around money, advisors can guide clients past their fears and towards a fulfilling sense of sufficiency and inner knowing. – Gayle Colman and I discuss: Gayle’s early history with the life planning mov
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
The Reformed Broker
MARCH 11, 2023
I want to start out this week with a big thank you to all our fans, friends, employees and clients who came out to see us in Chicago this week for what can only be described as a whirlwind of productivity and fun. The meetings were meaningful, the catch-ups were long overdue and the food was fantastic. We will be back! If you live in the Chicago area and could use a little help with your portfolio, tax advice or just want.
Private Equity Insights
MARCH 16, 2023
Investcorp, an alternative asset manager that counts Mubadala Investment Company as its biggest shareholder, has distributed $1.2bn in total to its GCC-based investors over the past 12 months, driven by “several value realisation initiatives”. The investment realisations were across asset classes, including recent exits from its private equity platform in the US, the company said on Monday.
A Wealth of Common Sense
MARCH 12, 2023
Silicon Valley Bank, the 16th biggest bank in the country, was closed on Friday. It was the second-biggest bank failure in U.S. history. As recently as November 2021, the market cap of the company was more than $44 billion. That equity is now essentially worthless. There is a lot to this story but it really boils down to an old-fashioned bank run. A flood of withdrawals from depositors destroyed the bank.
Financial Times M&A
MARCH 17, 2023
Swiss authorities press for merger to stem crisis of confidence in country’s banking sector
The Big Picture
MARCH 14, 2023
My Two-for-Tuesday morning train reads: • Bank Runs, Now & Then : The Panic of 1907 would probably be more famous if it wasn’t overshadowed by the Great Depression just a couple of decades later. It lasted 15 months and saw GDP decline an estimated 30% (even more than the Great Depression). Commodity prices crashed. Bankruptcies exploded. The stock market fell 50%.
Indigo Marketing Agency
MARCH 14, 2023
The collapse of a bank is a significant event—one that can cause shockwaves throughout the financial industry. In the case of the Silicon Valley Bank failure, it can be particularly alarming for those invested in the technology sector. As a financial advisor, it’s crucial to effectively communicate this event to your clients to help them understand the potential impact it may have on their investments and overall financial well-being.
Integrity Financial Planning
MARCH 16, 2023
Somewhere around 1999 and 2000, television started to change. Sitcoms were still very popular, and weekly dramas were also big, but several shows revolutionized how we think of television. They turned television into a medium for long-form, poetic storytelling. Before Netflix and streaming services pumped out shows as 8-hour binges, the following shows of the early 2000s began to set the groundwork for popular shows like Game of Thrones and Stranger Things.
Covisum
MARCH 14, 2023
Advisors ask me for help with marketing all the time. They want to know how to grow their businesses. Most of the time, what they really want is a quick fix, and I don't have that. But getting started in the right place can be a big help. Keep reading; you'll find free templates you can copy, paste, and edit. Feel free to use these as a launching point for your practice.
The Big Picture
MARCH 12, 2023
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • In the Hunt for Fraud, the Red Flags Start With the Auditor : With its Adani report, Hindenburg zeroed in on the tiny firm’s thin staff and client roster. ( Institutional Investor ) • Norfolk Southern’s accident rate spiked over the last decade : An analysis of federal railroad data shows accidents rising as investigators probe the company’s “safety culture.” ( Politico ) • Why Pov
A Wealth of Common Sense
MARCH 14, 2023
On last week’s Animal Spirits we asked why the Fed’s aggressive rate cuts had yet to break anything in the economy: Sure, the housing market is basically broken, but everything else has held up relatively well…until last week that is. We recorded our show on Tuesday. By the weekend we would see the 2nd and 3rd largest bank failures in U.S. history, including the biggest bank run we’ve ever seen.
Integrity Financial Planning
MARCH 13, 2023
Over the course of your life, you have probably acquired several different retirement accounts, and you have likely considered many kinds of retirement strategies. The key now, if you have recently retired or you are about to retire, is to start putting those different pieces together to form a complete picture of what you have and what you may need going forward. 401(k) This is the most common kind of retirement account.
Million Dollar Round Table (MDRT)
MARCH 12, 2023
By Carla Harris Your clients and your staff view you as a leader. Yet, strong leadership does not just happen. You must be intentional in a few key areas. Visibility You must be visible because your clients are used to being able to see you. Even though you must leverage technology, it is important that they see you. It is a poor substitute for being in the same place, but it has been proven to be a powerful instrument.
Financial Times: Moral Money
MARCH 12, 2023
Two business school professors prepared this exercise for students to focus on the strategic dilemmas for fossil fuel groups
A Wealth of Common Sense
MARCH 16, 2023
A reader asks: If a brokerage fails, what happens to a customer’s holdings there? Another reader asks: My wife and I have the bulk of our investments (401k & trading) in basically 2 accounts. Is this a dumb practice? Should we be more ‘diversified’ with our institutions? We’ve been discussing this for a while, and then with SVB, it’s definitely brought the discussion back to the kitchen table.
Ballast Advisors
MARCH 15, 2023
When working with a Registered Investment Advisor (RIA), investors may have heard the term “custodial relationship.” This refers to a partnership between the RIA and a financial institution that acts as the custodian of the client’s investment assets. For example, Ballast Advisors uses Charles Schwab as custodian for client investment assets.
Million Dollar Round Table (MDRT)
MARCH 16, 2023
By Matt Pais, MDRT Content Specialist So much of life is about perspective, and a successful advisor is an upbeat advisor. In his 2013 Annual Meeting presentation “Measuring what matters,” Ralph Antolino Jr., J.D., CLU, reiterates this by identifying nine secrets of ultra-happy people, many of which hinge on your outlook.
Financial Times M&A
MARCH 13, 2023
US pharma group to pay $229 a share in cash deal that signals rebound in M&A activity
A Wealth of Common Sense
MARCH 13, 2023
On today’s show, we spoke with Dr. David Kelly, Chief Global Strategist and Head of the Global Market Insights Strategy Team for J.P. Morgan Asset Management about the SVB drama and knock-on effects in the economy. On today’s show, we discuss: Silicon Valley Bank drama Will the Fed break something else? What does SVB mean for interest rate hikes?
XY Planning Network
MARCH 13, 2023
3.5 MIN READ “ Make Financial Advicers better, and more successful! “ This is the Nerd’s Eye View mission. This is also the personal mission of the man with the Nerd’s Eye View himself: Michael Kitces. He has a unique knack for continuously learning, compiling his knowledge, and sharing it with everyone so that financial advising is more accessible for all.
Million Dollar Round Table (MDRT)
MARCH 14, 2023
By Ed Tate You can’t connect with prospects or clients if they’re not focused on what you’re saying. You can capture your audience’s attention, though, whether it’s in a client meeting or in front of a crowd of thousands, with these simple tips. The power of stories Use stories as opposed to statistics whenever possible. Substitute statistics for stories about people because stories are sticky.
Financial Times M&A
MARCH 12, 2023
Buyout with Canada’s largest pension fund is expected to be one of biggest this year
A Wealth of Common Sense
MARCH 15, 2023
Today’s show is sponsored by Invesco QQQ: See here for more information on investing in the Nasdaq 100 On today’s show, we discuss: The demise of Silicon Valley Bank Thoughts on the bank bailouts NYPD called to Silicon Valley Bank branch as depositors attempt to pull cash S&P SPIVA US Scorecard The hotel cabanas that cost more than most rooms Three million US households making over $150,000 are still.
The Big Picture
MARCH 15, 2023
I spent some time with my buddy Pete Dominick on Monday talking about all of the things we don’t know about SVB. As always, its a fun conversation — I pop in at the 19 minute mark. The post Discussing Bank Contagion with Pete Dominick appeared first on The Big Picture.
Financial Times: Moral Money
MARCH 11, 2023
USS and Borders to Coast’s plan follows companies backtracking on emissions targets
Dear Mr. Market
MARCH 17, 2023
Dear Mr. Market: SVB (Silicon Valley Bank) logo is seen through broken glass in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration A part of us cringes as we succumb to the pressure of having to write about the most recent worrisome headline. Why? It’s sort of like the Kardashians or trashy television personalities in general; the more you talk about it the more it gives some the perception that it’s worth talking about.
Diamond Consultants
MARCH 14, 2023
In a world driven by the bottom line, the root of contentment often lies behind less “easily measured” criteria For all of the time, energy, effort, and money that firms spend on recruiting advisors, there’s one critical question they often neglect to address. That is, “ What makes advisors happy?” Sure, everyone might jump to say it’s compensation and growth potential.
Financial Times M&A
MARCH 15, 2023
British lender could not analyse 30% of loan book but thought start-up clients were worth the gamble
Ron A. Rhodes
MARCH 11, 2023
I was recently reminded of a 50-year old case in which financial planning, while in its infancy, was seen as a fiduciary status relationship, and when the SEC held the…
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