Thu.Nov 14, 2024

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Kitces & Carl Ep 151: What’s Holding You Back From Delegating What You Need To Let Go Of?

Nerd's Eye View

As the financial advice industry began shifting from a sales-based model to a more sustainable asset management approach, advisors found their roles shifting along with it. With revenue rooted in more predictable, recurring income, many advisors were able to step off the relentless 'treadmill' of constant sales, allowing them to invest in growth by hiring staff and delegating tasks.

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Friday: Retail Sales, Industrial Production

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Retail sales for October will be released. The consensus is for a 0.3% increase in retail sales. • Also at 8:30 AM, The New York Fed Empire State manufacturing survey for November. The consensus is for a reading of 3.5, up from -11.9. • At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for October.

Retail 260
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The Power of Content Marketing

Wealth Management

The influence of content marketing goes well beyond simple brand awareness; it is a crucial asset for educating, engaging and building trust with both prospective clients and colleagues.

Marketing 305
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Fed Chair Powell: No "signals that we need to be in a hurry to lower rates"

Calculated Risk

From Fed Chair Powell: Economic Outlook. Excerpt: The recent performance of our economy has been remarkably good, by far the best of any major economy in the world. Economic output grew by more than 3 percent last year and is expanding at a stout 2.5 percent rate so far this year. The labor market remains in solid condition, having cooled off from the significantly overheated conditions of a couple of years ago, and is now by many metrics back to more normal levels that are consistent with our e

Economy 147
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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

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

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GCM Grosvenor Starts Foray Into the Retail Investor Market

Wealth Management

The alternative asset manager is launching its first interval fund and serving as a core independent manager on another as it looks to develop new products.

Retail 297
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Understanding Long-Term Care Planning: What You Need to Know

Carson Wealth

As we age, the prospect of needing assistance with daily activities becomes more likely. Planning for long-term care (LTC) ensures that you or your loved ones will have access to the support needed, while avoiding financial strain. Below, we’ll explore some common questions about long-term care, including who will need it, the associated costs, and how you can plan more effectively.

More Trending

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Making Success Accessible with Peter Wood

NAIFA Advisor Today

Peter Wood is an accomplished financial advisor and active member of NAIFA with over a decade of experience in the industry. Starting as a multi-line captive agent, he now co-owns a multi-state firm that spans over 12 states and runs a mastermind coaching program for insurance agents. Apart from insurance, Peter coaches competitive bands and drumlines, matching his passion for mentorship in music with his professional endeavors.

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Captrust Acquires $5B Boston Financial Management

Wealth Management

This represents Captrust’s first large deal this year and its sixth Massachusetts acquisition since 2019.

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What Today’s Valuations Are Telling Investors

Financial Symmetry

In recent weeks, several Wall Street market strategists have warned of lower expected returns for U.S. stocks over the next decade. Current valuations have been a common basis for these pessimistic views. The difficulty of predicting the absolute level of … Continued The post What Today’s Valuations Are Telling Investors appeared first on Financial Symmetry, Inc.

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Independence Isn’t What It Used To Be

Wealth Management

There's a new paradigm in wealth management regarding supported independence.

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Book of Secrets on the Month-End Close

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.

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Chalk Talk: Passing on Your Legacy: Planning for Smooth Asset Transfer

MainStreet Financial Planning

“MainStreet Chalk Talk” The MainStreet Financial Planning Discussion Club When : Thursday, November 21st at 6:45 pm ET | 3:45 pm PT ~30-45 minutes Recorded and able to retrieve for one week How : Zoom Meeting Free for current clients, $10 for guests Register Here! Passing on Your Legacy: Planning for Smooth Asset Transfer Hosted by: Vida Jatuils , CFP® & Anna Sergunina , CFP® Guest: Barry W.

Assets 52
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Preparing for the Great Wealth Transfer

Wealth Management

At Nitrogen’s 2024 Fearless Investing Summit, Adam Holt, CEO and founder of Asset-Map Holdings, discussed the accelerating $83 trillion generational wealth transfer.

Assets 263
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Is the United States Going Broke?

A Wealth of Common Sense

We also talked about the impact of the deficit on the stock market, how tariffs work, the long-term trend of interest rates and how to fix government debt levels. Further Reading: The Relationship Between Wages and Inflation The post Is the United States Going Broke? appeared first on A Wealth of Common Sense.

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Communify Fincentric Recruits New COO from InvestCloud

Wealth Management

Former InvestCloud CEO John Wise brings over Nicole Nakashian, former COO at InvestCloud, to lead operations at his new technology venture.

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Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success

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?

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US Producer Prices Rise, Risking Pressure in Fed’s Favored Gauge

Advisor Perspectives

US producer prices picked up in October, fueled in part by gains in portfolio management costs and other categories that feed into the Federal Reserve’s preferred inflation gauge.

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Hightower Accuses Washington RIA of Helping Steal Client Info in New Lawsuit

Wealth Management

The new lawsuit comes several weeks after the RIA acquirer dropped its claims against Lars Knudsen. The firm claimed the advisor had broken his restrictive covenants after being fired.

Clients 258
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Producer Price Index: Wholesale Inflation Rose in October

Advisor Perspectives

Wholesale inflation rose 0.2% last month, matching economist estimates. The producer price index for final demand was up 0.3% month-over-month (s.a.). On an annual basis, headline PPI accelerated from 1.9% in September to 2.4% in October.

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Dynasty Financial Partners Unveils Model Portfolio Program

Wealth Management

Called Model Select and focused primarily on ETFs, the program already manages $5 billion in assets.

Portfolio 256
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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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Inside the Consumer Price Index: October 2024

Advisor Perspectives

Let's do some analysis of the Consumer Price Index, the best-known measure of inflation. The Bureau of Labor Statistics (BLS) divides all expenditures into eight categories and assigns a relative size to each. The pie chart illustrates the components of the Consumer Price Index for Urban Consumers, the CPI-U.

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Building Bold Visions for Next-Gen Advisory Firms

Wealth Management

Joe Duran, CEO of RISE Growth Partners, shares key strategies for advisors to evolve and scale their businesses at the Nitrogen 2024 Fearless Investing Summit.

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How Are Stock Options Taxed?

Darrow Wealth Management

Tax implications of exercising and selling stock options If you have stock options as a large part of your income, taxes are especially important. There are two types of stock options: incentive stock options and non-qualified stock options. How stock options are taxed depends on the type of options you have and your sale and exercise strategy. However, the general rules can change during a merger or acquisition.

Taxes 52
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The Diamond Podcast for Financial Advisors: Allan Boomer on Diversity as a Superpower

Wealth Management

Momentum Advisors' Allan Boomer details his journey from a Merrill intern to Goldman Sachs to independence as a true fiduciary.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Middle Class Hourly Wages as of October 2024

Advisor Perspectives

This series has been updated to include the October release of the consumer price index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $51,359, down 6.5% from over 50 years ago. After adjusting for inflation, hourly earnings are below their all-time high from April 2020.

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Former Captrust M&A Head Joins Coldstream Board of Directors

Wealth Management

Rush Benton will join as Cascadia Capital CEO and Chairman Michael Butler departs after 13 years on the board.

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Unemployment Claims Down 4K, Better Than Expected

Advisor Perspectives

In the week ending November 9th, initial jobless claims were at a seasonally adjusted level of 217,000. This represents a decrease of 4,000 from the previous week's figure and is slightly better than forecasts for 224,000.

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Bridging the Gap: Insurance and Wealth Management

Wealth Management

Morgan Christiansen, VP of Distribution at The Pinnacle Group, explores the evolving role of insurance in financial planning at Nitrogen's 2024 Fearless Investing Summit.

Insurance 238
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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Private Equity Finds Yet Another Way to Keep the Money Coming In

Advisor Perspectives

Private equity’s recent splurge of piling ever more debt onto already highly leveraged bets has sparked fears about financial-system risks. Banks, however, are positioning themselves to take advantage.

Banking 52
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Tackling Tax Fraud with Real-Time IRS Integration

Wealth Management

Kevin Knull, President of TaxStatus, reveals how a direct integration with the IRS is revolutionizing tax planning at Nitrogen's 2024 Fearless Investing Summit.

Taxes 238
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Emerging-Market Corporates’ Most Underappreciated Quality? Resilience

Advisor Perspectives

Emerging-market (EM) corporates have a track record of resilience across market cycles.

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Securing Your Legacy: Business Continuity for Independent Advisors

Wealth Management

At Nitrogen’s 2024 Fearless Investing Summit, Billy Oliverio, executive vice president and chief marketing officer for United Planners, discusses the critical need for independent advisors to prioritize business continuity and succession planning.

Planning 231
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The Future Of Finance: How To Manage Spend The Right Way

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