Abnormal Returns
DECEMBER 2, 2024
Markets How major asset classes performed in November 2024. (capitalspectator.com) Crypto Why managing a leveraged Microstrategy ($MSTR) ETF is harder than it looks. (wsj.com) Crypto ETFs continue to attract record inflows. (msn.com) Silk Road Bitcoin are in motion. (coindesk.com) Crypto is a 24/7/365 enterprise. (howardlindzon.com) Private credit The private credit industry how has its own data companies.
Nerd's Eye View
DECEMBER 2, 2024
Welcome to the December 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that the retail brokerage platform Robinhood is acquiring RIA custodian TradePMR, which appears to be less about Robinhood wanting to compete with the likes of Schwab and Fidelity in the custodial space
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Abnormal Returns
DECEMBER 2, 2024
Podcasts Brendan Frazier talks 'Behavioral Finance 3.0' with Meir Statman author of "A Wealth of Well-Being: A Holistic Approach to Behavioral Finance." (podcasts.apple.com) Michael Kitces talks with Kevin Leahy, CEO of Connecticut Wealth Management, about building an effective internal adviser training program. (kitces.com) Thomas Kopelman and Jacob Turner talk with Daniel Crosby author of "The Soul of Wealth.
Calculated Risk
DECEMBER 2, 2024
From the Census Bureau reported that overall construction spending increased: Construction spending during October 2024 was estimated at a seasonally adjusted annual rate of $2,174.0 billion, 0.4 percent above the revised September estimate of $2,164.7 billion. The October figure is 5.0 percent above the October 2023 estimate of $2,071.1 billion. emphasis added Private spending increased and public spending decreased: Spending on private construction was at a seasonally adjusted annual rate of $
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.
Wealth Management
DECEMBER 2, 2024
About 83% of aspiring CFP planners under 35 are “very likely” or “likely” to work at a firm encouraging pro bono policies, according to a new survey.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
DECEMBER 2, 2024
The alternative asset management behemoth announced three senior leadership additions, including a new global COO on its private wealth team.
Calculated Risk
DECEMBER 2, 2024
Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in October; Up 3.7% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.45% month-over-month on a seasonally adjusted (SA) basis in October. On a year-over-year basis, the National FMHPI was up 3.7% in October, down from up 3.8% YoY in September.
Wealth Management
DECEMBER 2, 2024
BlackRock is nearing a deal to buy HPS Investment Partners, a purchase that would vault the firm into the top ranks of private credit.
Carson Wealth
DECEMBER 2, 2024
Five Things to Know About December The final month of 2024 is here, and this week we wanted to show why the chance of another strong month to end this record-breaking year is likely. Here are five things to know about December. First, you should know about the Santa Claus Rally (SCR). The SCR is named for the period that includes the last five trading days of December and the first two trading days of the new year.
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.
XY Planning Network
DECEMBER 2, 2024
We’re big fans of anniversaries here at XYPN. We champion all the big and small milestones reached by XYPN members from their first 6 months to their 10th year in the Network. That’s because when you’re independent, having a Network that recognizes your wins and supports your struggles can make all the difference. At XYPN LIVE 2024, we celebrated 10 years of doing that—supporting fee-for-service financial advisors in launching, running, and growing the firm of their dreams.
Calculated Risk
DECEMBER 2, 2024
From Matthew Graham at Mortgage News Daily: Mortgage Rates Little-Changed After Last Week's Improvement The average lender is still able to offer top tier conventional 30yr fixed rates just under 7% for the 4th straight day. There were no major sources of inspiration today, but that will change as the week progresses. Friday's jobs report is especially significant.
Advisor Perspectives
DECEMBER 2, 2024
The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) increased to 48.4 in November but remains in contraction territory for an eighth straight month. The index has now contracted for 24 of the past 25 months. The latest reading was better than the forecast of 47.7.
Calculated Risk
DECEMBER 2, 2024
Altos reports that active single-family inventory was down 1.7% week-over-week. Inventory is now 4.4% below the peak for the year (6 weeks ago). Inventory will now decline seasonally until early next year. The first graph shows the seasonal pattern for active single-family inventory since 2015. Click on graph for larger image. The red line is for 2024.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
Advisor Perspectives
DECEMBER 2, 2024
Expectations for solid corporate earnings drove our U.S. and Japanese equity overweights this year. They have delivered, showing that fundamentals are key. Earnings strength could matter more to equity investors in 2025 over valuations.
Wealth Management
DECEMBER 2, 2024
Rich Franchella joins Procyon to lead business development and recruit advisor teams across the RIA’s business verticals.
Advisor Perspectives
DECEMBER 2, 2024
To truly benefit from stock investing, it’s necessary to embrace both the emotions and the rewards that come with positive skew. This means learning to live with tail events. It may be uncomfortable when they occur, but they are an integral part of long-term success in the stock market.
Wealth Management
DECEMBER 2, 2024
Firms unwilling or unable to evolve will become obsolete and conflicted.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Tobias Financial
DECEMBER 2, 2024
As the end of the year approaches, we want to help you spot time-sensitive planning opportunities. Perhaps you… Are considering making year-end gifts to charitable organizations or family members and need to determine your optimal funding strategy; Are looking to reduce your income tax liability this year and are seeking loss harvesting and income-reduction opportunities; or Wish to make a high-level survey of your financial picture, ensuring that you aren’t missing any windows of opportunity th
Random Roger's Retirement Planning
DECEMBER 2, 2024
Two quick hits. Posted to Bluesky by Sean Brodrick. Part of the story obviously is that there are now dozens of leveraged ETF versus a handful the further you look on that chart from right to left. This is an indication of some form of excess even if we can't precisely nail it down. That people are speculating with leverage on 2X Microstrategy, Nvidia and Tesla ETFs won't be the thing that causes the music to stop but they will mark the era when and if things go bad with this.
Cornerstone Financial Advisory
DECEMBER 2, 2024
Weekly Market Insights | December 2nd, 2024 Solid Gains for Thanksgiving Week Stocks posted solid gains over a short and busy holiday week as investors parsed fresh economic data, comments on potential future trade policy, and a few Q3 reports from technology companies. The Standard & Poor’s 500 Index gained 1.06 percent, while the Nasdaq Composite Index advanced 1.13 percent.
Advisor Perspectives
DECEMBER 2, 2024
Seven of our eight indexes on our world watch list have posted gains through December 2, 2024. The U.S. S&P 500 finished first with a year-to-date gain of 27.50%. The Hong Kong's Hang Seng finished second with a year-to-date gain of 16.45%. Germany's DAX finished in third with a year-to-date gain of 15.40%.
Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor
During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.
Validea
DECEMBER 2, 2024
In this episode of Two Quants and a Financial Planner, we explore the timeless investing wisdom of Ben Carlson. We break down several crucial investing concepts, including why investors shouldn’t blindly follow billionaires’ market moves, the importance of finding an investment strategy you can stick with, and why the market rarely operates at extremes despite what headlines might suggest.
Advisor Perspectives
DECEMBER 2, 2024
he best scandals are those that start when someone, somewhere, decides to say something utterly shocking: the truth! A senior official of the OPEC+ oil cartel has said publicly what many thought privately — the group has been keeping oil prices too high, effectively subsidizing its rivals.
NAIFA Advisor Today
DECEMBER 2, 2024
Joshua Herrington-Vickers is a dedicated financial services professional and US Air Force veteran. With a career rooted in service and a personal mission of bridging financial planning across borders, he embodies the core values of integrity, service before self, and excellence. Passionate about community and industry involvement, Joshua is also actively engaged with NAIFA, working to promote membership and collaboration among financial advisors.
Advisor Perspectives
DECEMBER 2, 2024
Short-term rates are going down because the Treasury is issuing related debt at lower rates. Meanwhile, long-term rates are going up because the Fed is not intervening. The Fed is trapped in a vicious cycle. Can you see a way out?
Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC
In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.
NAIFA Advisor Today
DECEMBER 2, 2024
Wallene Leek, RICP, FSCP, LTCP, LUTCF , loyal member since 2002, has a remarkable career that illustrates the transformative power of life insurance and the importance of passing on knowledge and values to future generations. Based in Nashville, Wallene found her way into the insurance field through a profound personal experience that forever shaped her perspective.
Advisor Perspectives
DECEMBER 2, 2024
This week, in what I hope is a short Thanksgiving letter, I will talk about why that is simultaneously one of the most important and irrelevant questions you should be thinking about as we come into the holiday season.
NAIFA Advisor Today
DECEMBER 2, 2024
Discover how to seamlessly combine charitable giving with retirement income strategies in our upcoming webinar Bridging Charitable Planning with Retirement Income on Tuesday December 10, 2024, from 12:00 to 1:00 pm Eastern. This session is a must-attend for financial professionals looking to provide their clients with innovative, efficient, and impactful planning solutions.
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