Calculated Risk
APRIL 10, 2025
Here are a few measures of inflation: The first graph is the one Fed Chair Powell had mentioned two years ago when services less rent of shelter was up around 8% year-over-year. This declined and is now up 3.3% YoY. Click on graph for larger image. This graph shows the YoY price change for Services and Services less rent of shelter through March 2025.
Nerd's Eye View
APRIL 11, 2025
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the U.S. Senate has confirmed Paul Atkins to be the next Chair of the Securities and Exchange Commission (SEC). In terms of enforcement actions, Atkins is expected to prioritize instances of investor harm and be less inclined to issue sanctions for technical rule violations (which were more frequent under previous SEC Chair Gary Gensler).
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Calculated Risk
APRIL 9, 2025
From the Fed: Minutes of the Federal Open Market Committee, March 1819, 2025. Excerpt: With regard to the outlook for inflation, participants judged that i nflation was likely to be boosted this year by the effects of higher tariffs, although significant uncertainty surrounded the magnitude and persistence of such effects. Several participants noted that the announced or planned tariff increases were larger and broader than many of their business contacts had expected.
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. However, starting with these questions can have unintended consequences.
Speaker: Claire Grosjean
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
The Big Picture
APRIL 13, 2025
In the latest edition of more or me, I chat with my friend Eric Golden: I speak My guest today is Barry Ritholtz. As the founder & CIO of Ritholtz Wealth Management Barry manages assets of over $5B. He is also a famous author and commentator, fondly known as the ‘Prickly Prophet of Wall Street’ for his contrarian views. In this conversation, Barry shares the origin story and the ideas behind his latest book, “How Not to Invest.” We also talk about how hes remained a
Abnormal Returns
APRIL 8, 2025
Markets During periods of market stress rumors have the power to move markets. (sherwood.news) How long does it take for the stock market to recover? (ofdollarsanddata.com) Basis trade What is the basis trade? (apolloacademy.com) Why the basis trade is so important to Treasury market liquidity. (ft.com) Strategy How strategy diversification helps you hold on through tough times.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Big Picture
APRIL 10, 2025
Yeah, yeah, more of me, I know. But this is a fun conversation with Pete Dominick discussing the economy, the market and of course, the new book! Here’s Pete’s description: Check out StandUpwithPete.com to learn more How Not To Invest: The ideas, numbers, and behaviors that destroy wealth – and how to avoid them T he GREAT Barry Ritholtz whohas spent his career helping people spot their own investment errors and to learn how to better manage their own financial behaviors.
Abnormal Returns
APRIL 13, 2025
Top clicks this week Why this is different than the GFC. (morningstar.com) What is the basis trade? (apolloacademy.com) 'Sell America' includes selling Treasurys. (morningstar.com) How long does it take for the stock market to recover from a bear market? (ofdollarsanddata.com) How often do corrections turn into bear markets? (awealthofcommonsense.com) Markets are moving faster than ever before.
Wealth Management
APRIL 10, 2025
The Kitces Financial Advisor FinTech Solutions Map has nearly tripled in size since 2018, reflecting the rapid growth and evolution of technology solutions in wealth management.
Calculated Risk
APRIL 10, 2025
Today, in the Calculated Risk Real Estate Newsletter: Part 2: Current State of the Housing Market; Overview for mid-April 2025 A brief excerpt: Yesterday, in Part 1: Current State of the Housing Market; Overview for mid-April 2025 I reviewed home inventory, housing starts and sales. In Part 2, I will look at house prices, mortgage rates, rents and more.
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Nerd's Eye View
APRIL 8, 2025
Welcome everyone! Welcome to the 432nd episode of the Financial Advisor Success Podcast! My guest on today's podcast is Seth Scott. Seth is the founder of Heartwood Financial Planning, an advisory firm affiliated with PlanMember Securities Corporation that is based in Fresno, California, and oversees approximately $100 million in assets under management for 850 client households.
The Big Picture
APRIL 14, 2025
The transcript from this weeks, MiB: Anthony Yoseloff, Davidson Kempner CIO , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ XXXXX insert transcript here XXXXX ~~~ The post Transcript: Anthony Yoseloff, Davidson Kempner CIO appeared first on The Big Picture.
Abnormal Returns
APRIL 8, 2025
Quant stuff The case for simple models using more data. (mrzepczynski.blogspot.com) Are researchers building portfolios all wrong? (papers.ssrn.com) Portfolio rebalancing The benefits of portfolio rebalancing are overstated. (roberthuebscher.substack.com) Your portfolio rebalancing frequency doesn't matter all that much. (elmwealth.com) Alternatives Private equity performance degrades with asset growth.
Wealth Management
APRIL 10, 2025
Firms including Osaic, Cetera, Raymond James and Kestra are boosting their typical deals to capture Commonwealth advisors in the wake of the acquisition by LPL, sources said.
Speaker: Erroll Amacker
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Calculated Risk
APRIL 8, 2025
From Dodge Data Analytics: Dodge Momentum Index Declines 7% in March The Dodge Momentum Index (DMI) , issued by Dodge Construction Network, receded 6.9% in March to 205.6 (2000=100) from the revised February reading of 220.9. Over the month, commercial planning declined 7.8% while institutional planning fell 5.0%. Increased uncertainty around material prices and fiscal policies may have begun to factor into planning decisions throughout March , stated Sarah Martin, associate director of forecas
Nerd's Eye View
APRIL 14, 2025
Centers Of Influence (COIs) play a vital role in the growth and service capabilities of a financial advisory firm. When cultivated with care, these relationships can become valuable sources of client referrals and collaborative insight – especially because COIs and advisors often work with similar client profiles. However, establishing these relationships isn't always easy.
The Big Picture
APRIL 12, 2025
Chuck Jaffe: “How NOT to Invest — which is about 375 pages of cautionary tales and 75 pages of the right things to do — notes that it’s easier to invest well than most people think.” I come in around the 4:40 mark… [link] The post Money Life: How NOT to Invest appeared first on The Big Picture.
Abnormal Returns
APRIL 9, 2025
Podcasts Jim Dahle talks with Rob Orman about building a resilient, long-lasting career. (whitecoatinvestor.com) Christine Benz and Amy Arnott talk with Jay Zigmont, the author of a new book called "The Childfree Guide to Life and Money." (morningstar.com) Dan Haylett talks with Riley Moynes about the four phases of retirement. (humansvsretirement.com) Housing Not every financial decision has to make perfect sense.
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Wealth Management
APRIL 8, 2025
In a speech to state securities regulators, Acting SEC Chair Mark Uyeda said he worried the threshold may have become unbalanced since Dodd-Frank and asked commission staff to conduct a periodic evaluation of the cutoff.
Calculated Risk
APRIL 9, 2025
Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-April 2025 A brief excerpt: This 2-part overview for mid-April provides a snapshot of the current housing market. At this moment, we cant talk housing without mentioning the overall economy. Just over two weeks ago, I revised down my outlook for housing this year, see Policy and 2025 Housing Outlook.
A Wealth of Common Sense
APRIL 8, 2025
Last Thursday the S&P 500 finished the day down 4.8%. Then on Friday it declined another 6%. That’s a loss of more than 10% in just two days. The -10.5% loss was the fifth worse two-day stretch for the stock market since 1950. The other times this happened occurred in 1987, 2008 and 2020, some of the most volatile market environments we’ve ever seen.
Alpha Architect
APRIL 8, 2025
Investing isnt about being mostly right. In fact you can be mostly wrong and beat portfolios that were mostly right! Today, well explore how investors can potentially improve portfolio outcomes by targeting two seemingly contradictory but deeply complementary systems as outlined in the latest Mauboussin-Callahan paper, Probabilities & Payoffs: The Practicality and Psychology of Expected Value.
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Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
Carson Wealth
APRIL 10, 2025
After weeks of volatility, the markets finally gave us something to smile about! In this episode of Carson’s Take 5, Ryan and Sonu break down what sparked the historic market rally, what it could mean for investors, and whether this good news has staying power. Spoiler: It might all come down to tariffs, catalysts, and a little bit of July 4th optimism.
Wealth Management
APRIL 9, 2025
Open, honest and candid discussion about March jobs numbers, Commonwealth ruling overturned, PEPs in DC plans and the future of revenue sharing.
Calculated Risk
APRIL 14, 2025
Today, in the Calculated Risk Real Estate Newsletter: Watch Inventory and Why Measures of Existing Home Inventory appear Different A brief excerpt: We are in a period of significant policy uncertainty and there isnt a good historical analog for the current period. However, for housing, the key will be to watch inventory. Existing home inventory will provide clues on house prices, and a combination of existing and new home inventory will indicate what will happen with housing starts.
A Wealth of Common Sense
APRIL 13, 2025
Volatility is heightened right now. We have volatility in markets, government policy, trade and supply chains, which translates into emotional volatility. Let’s look at some of the ways this manifests through a host of behavioral biases that impact us all in some way: Recency biasis when you give more weight or importance to recent events. Stocks are up.
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
Random Roger's Retirement Planning
APRIL 8, 2025
First up, I sent this out as an email to clients about 40 minutes into the day with subject Market Up Big, So Is It Over? The answer is probably not. John Authers from Bloomberg is calling it the end of the beginning. It is possible it's over but I would be ready for more volatility. The history of huge up days during events like this isn't great. On December 24, 2008, the Dow Jones was down 1000 points and then on December 26th it was up 1000 points but of course that market event still had sev
Clever Girl Finance
APRIL 14, 2025
Living stingy might not sound like the most glamorous lifestyle. In fact, most people associate the term with being cheap, skipping out on fun, or pinching pennies until they scream. But it doesnt have to mean sacrificing joy or depriving yourself. In fact, it can be the gateway to financial peace, clarity, and freedom. Table of contents What does living stingy actually mean?
Wealth Management
APRIL 9, 2025
Essential steps for high-net-worth individuals to donate art for tax deductions. Learn about institution selection, documentation and appraisal requirements.
Calculated Risk
APRIL 8, 2025
Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in March A brief excerpt: This is the first look at several early reporting local markets in March. Im tracking over 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. Ill update these tables throughout the month as additional data is released.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
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