Abnormal Returns
JUNE 20, 2024
Markets What's different about the Magnificent Seven stocks. (awealthofcommonsense.com) Don't look now but Taiwan Semi ($TSM) is nearly a $1 trillion company. (bnnbloomberg.ca) The case for swapping large caps for small caps. (blogs.cfainstitute.org) Strategy There's no such thing as certainty. (tonyisola.com) Lessons from Robert Hagstrom’s 1994 book "The Warren Buffett Way.
The Big Picture
JUNE 20, 2024
Making good progress on the book, about 60-70% finished (I feel good about it). I wanted to pop out of hiding to share a few charts/tables that should raise your confidence levels that — despite media coverage to the contrary — we are not on the verge of collapse. I want to direct your attention to the latest missive from Savita Subramanian, who runs the Equity and Quant Strategy group at BAML.
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A Wealth of Common Sense
JUNE 20, 2024
A reader asks: You guys have recently quoted Slock in two podcast episodes that Private Equity Companies, those with over 100 million dollars in revenue make up 87 percent of that category versus only 13 percent of publicly traded company fall into the 100 million in revenue category, and that number is only increasing. With that said, is this ONE of the reasons stock prices seem to continuously increase.
Calculated Risk
JUNE 20, 2024
What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For April, Realtor.com reported inventory was up 35.2% YoY, but still down almost 34% compared to April 2017 to 2019 levels. Now - on a weekly basis - inventory is up 36.0% YoY. Realtor.com has monthly and weekly data on the existing home market.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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.
Wealth Management
JUNE 20, 2024
Dustin Cali and Daniel Ventura of Praetego Private Wealth broke away to build a business designed for the future, poised for growth and scale, with the freedom to serve clients’ unique needs.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
JUNE 20, 2024
Today, in the Calculated Risk Real Estate Newsletter: Single Family Starts Down Slightly Year-over-year in May; Multi-Family Starts Down 50% A brief excerpt: Total housing starts in May were below expectations, however, starts in March and April were revised up slightly, combined. The third graph shows the month-to-month comparison for total starts between 2023 (blue) and 2024 (red).
Norman Marks
JUNE 20, 2024
Stefan Hunziker recently wrote an excellent piece on LinkedIn. He wrote: As clear as mud: Do risk managers or decision-makers manage risk? I congratulated him for his post, but I want to go into his question in more detail here. Let’s consider the ISO 31000:2018 diagram of a risk management process.
Advisor Perspectives
JUNE 20, 2024
Portfolio Managers Guy Barnard and Greg Kuhl highlight how the shelter component of CPI is exerting downward pressure on inflation, paving the way for rate cuts – a tailwind for listed real estate.
Wealth Management
JUNE 20, 2024
Open, honest and candid discussion about forfeiture lawsuits, hybrid TDFs with annuities, new hires at Cetera and Allianz Life and more.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Calculated Risk
JUNE 20, 2024
The DOL reported : In the week ending June 15, the advance figure for seasonally adjusted initial claims was 238,000 , a decrease of 5,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 242,000 to 243,000. The 4-week moving average was 232,750, an increase of 5,500 from the previous week's revised average.
Wealth Management
JUNE 20, 2024
Mark Evans, president and CEO of Conquest Planning, discusses how his firm works to provide advice to all clients, not just the high net worth.
Advisor Perspectives
JUNE 20, 2024
Builder confidence fell further in June as mortgage rates above 7% and elevated construction financing continue to slow down the market. The National Association of Home Builders (NAHB) Housing Market Index (HMI) dropped to 43 this month, its lowest level of the year. The latest reading came was below the forecast of 45.
Wealth Management
JUNE 20, 2024
Account migrations from Morningstar's TAMP to AssetMark will occur over the next six months as the deal is finalized.
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Calculated Risk
JUNE 20, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 10:00 AM ET, Existing Home Sales for May from the National Association of Realtors (NAR). The consensus is for 4.10 million SAAR, down from 4.14 million.
Wealth Management
JUNE 20, 2024
LPL Financial's Jared Fingeret discusses the firm's acquisition strategy
Million Dollar Round Table (MDRT)
JUNE 20, 2024
By Matt Pais, MDRT Content Specialist Think of yourself at your best and worst around the office: Are you behaving like a responsible adult or a needy 4-year-old child? In her 2013 Annual Meeting presentation “I can handle it,” psychologist Rachael Alexander, MD, said that all people operate on various points of a spectrum between the logical part of the brain and the emotional part, and when faced with change and stress, we often skew farther toward the emotional side and away from
Wealth Management
JUNE 20, 2024
The number of registered firms hit an all-time high of 15,396, according to an annual snapshot co-created by the Investment Adviser Association and COMPLY.
Speaker: Igli Laci, Strategic Finance Leader
In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a
Advisor Perspectives
JUNE 20, 2024
In the week ending June 15th, initial jobless claims were at a seasonally adjusted level of 238,000, a decrease of 5,000 from the previous week's figure. The latest reading is higher than the forecast of 235,000 jobless claims.
Indigo Marketing Agency
JUNE 20, 2024
When it comes to marketing, every financial advisor has different audiences and different budgets but the same goal: bring in more qualified leads. After working with hundreds of advisors, it became clear that the best way to serve you was by breaking our service into three new tiers so you can find what works best for you. Between our Nurture, Stand Out, and Growth tiers, you’ll be able to pick and choose which plans of attack are most attractive to you, and even custom-select specific services
Advisor Perspectives
JUNE 20, 2024
In May, building permits fell to their lowest level since June 2020. In the latest report by the Census Bureau, building permits were at a seasonally adjusted annual rate of 1.386 million, falling short of the forecasted rate of 1.450 million. This marks a 3.8% decrease from April and a 9.5% decline compared to one year ago.
Wealth Management
JUNE 20, 2024
The federal government estimates the mandatory repatriation tax would bring in $340 billion over 10 years.
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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.
Advisor Perspectives
JUNE 20, 2024
In May, housing starts dropped to their lowest level since June 2020. In the latest report by the Census Bureau, housing starts fell to a seasonally adjusted annual rate of 1.277 million, falling short of the forecasted rate of 1.370 million. This marks a 5.5% decrease from April and a 19.3% decline compared to one year ago.
Wealth Management
JUNE 20, 2024
Transcript of Episode 110 of 401(k) Real Talk.
Advisor Perspectives
JUNE 20, 2024
In May, nominal home values increased for a 14th straight months while "real" home values were flat. Last month's ZHVI came in at $360.681, up 0.4% from the previous month and up 4.3% from one year ago. However, after adjusting for inflation, the real figures are 0.0% month-over-month and -1.3% year-over-year.
Indigo Marketing Agency
JUNE 20, 2024
There are more than a few reasons to look forward to 2021. Here at Indigo Marketing, we feel that too. So we wanted to give you a sneak peek into what the financial advisor landscape may look like next year. Let’s start with what the most current trends are today. What The Statistics Say Right now, according to the Bureau of Labor Statistics, there are approximately 263,000 financial advisors in the United States.
Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global
In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!
Advisor Perspectives
JUNE 20, 2024
The latest Philadelphia Fed manufacturing index remained in positive territory for a fifth straight month as manufacturing activity remained steady overall. In June, the index fell to 1.3 from 4.5 in May, coming in below the forecast of 4.8. The six-month outlook dropped to 13.8.
Fortune Financial
JUNE 20, 2024
This was a fun collaboration with my Preferred Shares co-host, Doug Ott, of Andvari & Associates. We take a deep dive into the factors driving continued movement of both businesses and populations to the South, a region which has benefited from above average economic growth since the end of World War II: Please download the entire research paper here.
Advisor Perspectives
JUNE 20, 2024
Morgan Stanley is increasing its investments in Latin America as geopolitical conflicts elsewhere in the world give the region increasing prominence in the global economy.
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