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As interest rates surge: flighty deposits and lending

Retrieved on:

Friday, April 5, 2024

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Key Points:

Debate on: Is the inflation surge over and what are the lessons for monetary policy?

Retrieved on:

Wednesday, April 3, 2024

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Shocks to the shortages variable are constructed as deviations in the values from the sample mean.

Key Points:

Shocks to the shortages variable are constructed as deviations in the values from the sample mean.
Shocks to the vacancy-to-unemployment ratio (labour market variable) are constructed
as the actual value minus the value in the fourth quarter of 2019.
?Indirect impact of energy prices on non-energy inflation? is the sum of the indirect effects of oil,
gas and electricity prices.
3
Historical
Rubric comparison of inflation episodes in the euro area ? headline and core
Headline

Core

(percentage points)

(percentage points)
Current euro area episode
Past global episodes

Current euro area episode
Past global episodes
2

2

0

0

-2
-4

-2

-6
-8

-4

-10
-12

-24

-18

-12

-6

0

6

12

18

-6

24

Months around inflation peak

-24

-18

-12
-6
0
6
12
Months around inflation peak

18

Sources: BIS, Eurostat and ECB calculations.
The dark blue line represents the latest developments in headline and core inflation for the euro area, relative to the October
2022 peak.
Non-energy industrial goods inflation refers to a panel of all euro area countries, while services inflation refers to
a panel of 30 AEs and 28 EMEs.
Month = 0 is when the headline inflation value is at the highest during that particular episode.
The dark blue line represents the latest developments
in non-energy industrial goods and services inflation for the euro area, relative to the October 2022 peak.
unprocessed
food and energy
HICPX

8
3.0

3.0

2.5

2.5

2.0

2.0
1.5

1.5
1.0
Feb-24

Jul-24

1.0
Dec-24 Feb-24

Jul-24

8

7

7

6

6

5

5

4

4

3

3

2

2

1

1

Adjusted
measures

Difference
4

3

2

1

0
0
0
Feb-24 Jan-23 Jul-23 Jan-24
Jan-23 Jul-23 Jan-24
Feb-24 Jan-23 Jul-23 Jan-24
Feb-24

Dec-24

Sources: Eurostat, March 2024 ECB staff short-term inflation outlook, Consensus
Economics, Bloomberg and ECB calculations.
The ?adjusted?
measures abstract from energy and supply-bottleneck shocks using a large SVAR, see
Ba?bura, Bobeica and Mart?nez-Hern?ndez (2023), ?What drives core inflation?
Notes: 5-days moving average risk-neutral
probabilities of inflation implied by five-year and tenyear zero-coupon inflation options.
16
8

12
Quarters

16

20

Policy
Rubriccounterfactuals
Interest rate under alternative
counterfactuals

Counterfactual impacts on
Inflation

(percentages per annum)

(annual percentage change)

Baseline
Earlier and longer
Earlier, longer and higher

8

Baseline

7
6
5
4
3
2
1
0
-1
2021Q4

2022Q4

2023Q4

2024Q4

Earlier, longer and higher

10

2

8

0

6

-2

4

-4

2

-6

0

-8

-2

2025Q4

Earlier and longer

Output gap

(p.p.
The RHS chart displays the impact on inflation (first panel) and output gap (second panel) for each of the hypothetical alternative paths of the interest
rate.
As a caveat, financial feedback loops as well as feedback loops between inflation expectations and inflation are not activated.

Philip R. Lane: The banking channel of monetary policy

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Friday, February 16, 2024

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for rates, credit growth in deviation from the start of the cycle (t) in p.p.

Key Points:

for rates, credit growth in deviation from the start of the cycle (t) in p.p.
Starting months correspond to the month immediately preceding the first hike or explicit announcement of the hike of the cycle.
The dotted lines shows counterfactuals for lending rates and lending volumes, taking December 2021 as the last observation and
projecting volumes conditional on the path of monetary policy rates.
The one for lending volumes is based on the BVAR model in Altavilla,
Giannone, and Lenza (2016).
Composite funding costs are a weighted average of deposit rates
and average monthly bond yields, with outstanding amounts as weights.
Right chart shows
the contributions of the components to the change in the composite bank funding cost
between December 2021 and November 2023.
Latest observations: 8 February 2024 for bond yields; December 2023 for other series.
Notes: ?Others? include shares (listed and not listed as well as those issued by investment
funds), and insurance and pension schemes.
Retail
Specialised

Universal

10

10

8

8

6

6

4

4

2

2

0

0

-2

-2

-4
Jan-20 Aug-20 Mar-21 Oct-21 May-22 Dec-22 Jul-23

-4

Sources: ECB (iBSI, iMIR) MPC Task Force on Banking Analysis and ECB calculations.
Investment refers to the net
change in property plant and equipment over assets; cash refers to cash and cash
equivalents over assets.
Households
loans, credit standards and loan demand
Rubric
Changes in credit standards for
loans to households, and
contributing factors
(net percentage)
0

30

-40

20

Sources: ECB (BSI) and ECB calculations.
Low-income households are those in the bottom 20 per cent
of the income distribution; high-income households are those in the top 20 per cent.

Myriad Advisor Solutions Unveils Two Powerhouse Initiatives at the 2024 T3 Technology Conference

Retrieved on:

Monday, January 22, 2024

Myriad Advisor Solutions (Myriad), a long-established, full-service business advisory firm, is celebrating the company’s 15th anniversary by launching two new powerhouse initiatives designed to streamline and protect their clients’ business operations far into the future.

Key Points:

Myriad Advisor Solutions (Myriad), a long-established, full-service business advisory firm, is celebrating the company’s 15th anniversary by launching two new powerhouse initiatives designed to streamline and protect their clients’ business operations far into the future.
Both of these programs will make their debut at the 2024 Technology Tools for Today conference (T3) for financial professionals happening January 22-25, 2024 at the Cosmopolitan Hotel & Resort in Las Vegas.
"These new initiatives represent a significant leap forward for Myriad in the realm of cybersecurity and strategic business planning,” said Leigh White, Chief Technology Officer at Myriad Advisor Solutions.
This convergence of milestones embodies the spirit of innovation and shared success that defines both Myriad and T3.”

Myriad Advisor Solutions Unveils Two Powerhouse Initiatives at the 2024 T3 Technology Conference

Retrieved on:

Monday, January 22, 2024

Myriad Advisor Solutions (Myriad), a long-established, full-service business advisory firm, is celebrating the company’s 15th anniversary by launching two new powerhouse initiatives designed to streamline and protect their clients’ business operations far into the future.

Key Points:

Myriad Advisor Solutions (Myriad), a long-established, full-service business advisory firm, is celebrating the company’s 15th anniversary by launching two new powerhouse initiatives designed to streamline and protect their clients’ business operations far into the future.
Both of these programs will make their debut at the 2024 Technology Tools for Today conference (T3) for financial professionals happening January 22-25, 2024 at the Cosmopolitan Hotel & Resort in Las Vegas.
"These new initiatives represent a significant leap forward for Myriad in the realm of cybersecurity and strategic business planning,” said Leigh White, Chief Technology Officer at Myriad Advisor Solutions.
This convergence of milestones embodies the spirit of innovation and shared success that defines both Myriad and T3.”

ENVESTNET DELIVERING INDUSTRY-LEADING CONNECTIVITY AND ADVANCES TO ITS WEALTH MANAGEMENT PLATFORM

Retrieved on:

Monday, January 22, 2024

BERWYN, Pa., Jan. 22, 2024 /PRNewswire/ -- Envestnet has changed the game in wealth management, since launching in 1999 it has evolved into a leading provider of integrated technology, intelligent data, and wealth solutions, now serving over 95% of the largest wealth management and brokerage firms and more than 107,000 financial advisors. In 2024, Envestnet celebrates 25 years in business, bringing its connected technology, advanced insights and solutions to life on one of the industry's largest stages – the T3 Conference in Las Vegas, January 22-25, 2024.

Key Points:

Envestnet will showcase its leading end-to-end technology integrations, new enhancements and capabilities through interactive product demonstrations, general and breakout sessions led by the Envestnet leadership team.
Envestnet Payments comes to market with a direct integration to MoneyGuide.
Advisors drafting financial plans for their clients can single sign-on to Envestnet Payments to generate fees for planning, retainer, subscription, ad-hoc, one-time, and more.
"Our wealth management ecosystem is 25 years in the making, and farther along than any other technology in the industry by bringing together solutions, features and capabilities that empower advisors' growth, and productivity," said Molly Weiss, Group President, Wealth Management Platform for Envestnet.

Testimonial IQ to Debut New Capabilities to Online Reputation Management Platform at T3 2024

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Thursday, January 11, 2024

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DENVER, Jan. 11, 2024 /PRNewswire/ -- Testimonial IQ, an online reputation management platform built for financial advisers, will debut three new capabilities at the upcoming Technology Tools for Today (T3) Conference January 22 – 25, 2024 in Las Vegas.

Key Points:

The software platform that helps financial advisers manage, nurture and grow their online reputation introduces surveys, competitor analysis, and automation
DENVER, Jan. 11, 2024 /PRNewswire/ -- Testimonial IQ , an online reputation management platform built for financial advisers, will debut three new capabilities at the upcoming Technology Tools for Today (T3) Conference January 22 – 25, 2024 in Las Vegas.
Built around SEC and FINRA regulations, including the SEC's new marketing rule , Testimonial IQ unlocks previously inaccessible marketing tools for financial advisers and their compliance teams.
"Online reviews, particularly Google reviews, play a huge role in helping advisers stand out in an increasingly competitive digital landscape," said Andrew Johnson, CEO and Co-Founder of Testimonial IQ.
We built Testimonial IQ to help advisers, and their compliance teams, maximize the opportunities of the new marketing rule."

New Paper on Liability Management Shows Financial Advisors How to Optimize Client Wealth

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Wednesday, December 6, 2023

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SAN FRANCISCO, Dec. 6, 2023 /PRNewswire/ -- Sora Finance, an easy-to-use decision-support software that helps wealth managers and financial advisors visualize, analyze, and act to optimize the liabilities side of their clients' balance sheets, today announced a new white paper that shows advisors how liability management provides significant benefits when added to a professional suite of comprehensive wealth management and financial advisory services. According to the paper, today's clients need and expect financial advisors to look beyond the assets side of their balance sheet to help them optimize their liabilities. Historically, advisors have been hindered by a lack of access to timely and reliable liability data for their clients.

Key Points:

According to the paper, today's clients need and expect financial advisors to look beyond the assets side of their balance sheet to help them optimize their liabilities.
Historically, advisors have been hindered by a lack of access to timely and reliable liability data for their clients.
"High net worth individuals expect their wealth management team to offer liability management capabilities,' said O'Connell.
Wealth managers have a huge opportunity to grow their HNW client base by engaging in liability management conversations."

T3 Sixty Expands Roster with New Leaders in M&A, Organized Real Estate and Executive Recruiting

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Monday, May 22, 2023

Breault, Partnership, T3, RESO, Fintech, Organization, M&A, Chocolate liquor, Luthra, Property technology, Real estate, Management, MLS, Prem

LADERA RANCH, Calif., May 22, 2023 /PRNewswire-PRWeb/ -- T3 Sixty, the residential real estate brokerage industry's leading management consulting and research firm, has hired three new leaders:

Key Points:

Dan Breault will lead executive recruiting and talent placement as the vice president of T3 Talent.
Liz Tewksbury joins the organized real estate business team as a technical consultant.
Throughout his career, he has negotiated more than 100 acquisitions and capital raising activities for real estate and lending technology companies.
Liz Tewksbury, a veteran in organized real estate, will provide strategic and technical guidance to MLSs and associations in her role as a consultant for T3 Sixty.

Horsesmouth's Savvy Social Security Planning Software Ranked #1 in Advisor Satisfaction—Again!

Retrieved on:

Tuesday, April 18, 2023

Other All Stars include Holistiplan (tax planning) and College Aid Pro™ (college planning), both of which are long-running Horsesmouth partners that offer discounts to members of our Savvy Tax Planning and Savvy College Planning programs, respectively.

Key Points:

Other All Stars include Holistiplan (tax planning) and College Aid Pro™ (college planning), both of which are long-running Horsesmouth partners that offer discounts to members of our Savvy Tax Planning and Savvy College Planning programs, respectively.
“Our goal every day is to make sure our Savvy Social Security Planning members have the best, most accurate, and easiest to tools and educational resources,” Floyd said.
Over the years, the Savvy Social Security Planning software has been extended to better account for married couples, divorced individuals, and widows.
Learn more about the Horsesmouth Master Membership that includes access to all Horsesmouth programs, including Savvy Social Security Planning, Savvy Medicare Planning, Savvy Tax Planning, Savvy IRA Planning, Savvy College Planning, Savvy Generational Planning, Savvy Long-Term Care Planning and Savvy Cybersecurity.