Wealth Management
SEPTEMBER 17, 2024
Many advisors may view AI as a silver bullet, one that will replace their back-office staff. But panelists at the Future Proof Festival this week said it's more of an optimizer.
Calculated Risk
SEPTEMBER 17, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, Housing Starts for August. The consensus is for 1.250 million SAAR, up from 1.238 million SAAR. • During the day, The AIA's Architecture Billings Index for August (a leading indicator for commercial real estate). • At 2:00 PM, FOMC Meeting Announcement.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Wealth Management
SEPTEMBER 17, 2024
The pilot program was open to a total of two million individual investors in five equity index funds that have combined assets under management of more than $100 billion.
Abnormal Returns
SEPTEMBER 17, 2024
Indexing What does an index of CTA returns actually measure? (mrzepczynski.blogspot.com) Why would anyone want to invest in an index of hedge fund returns? (ft.com) Diversification Bob Elliott, "While selection alpha is uncertain, the benefits of diversification and lower fees are far more certain." (caia.org) It's easier to forecast correlations and volatility than returns.
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.
Wealth Management
SEPTEMBER 17, 2024
IRA expert Ed Slott talks retirement planning.
Nerd's Eye View
SEPTEMBER 17, 2024
Welcome everyone! Welcome to the 403rd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Eric Stein. Eric is a partner at East Bay Investment Solutions, a firm that provides fractional Chief Investment Officer services based in Charleston, South Carolina, that supports over $6 billion in assets under advisement across 26 advisory firms they serve.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
SEPTEMBER 17, 2024
On a monthly basis, retail sales increased 0.1% from July to August (seasonally adjusted), and sales were up 2.1 percent from August 2023. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for August 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $710.8 billion, an increase of 0.1 percent from the previous month , and up 2.1 percent from August 2023.
Wealth Management
SEPTEMBER 17, 2024
Raising younger generations to become financially responsible adults is critical to maintaining a family legacy.
Calculated Risk
SEPTEMBER 17, 2024
From the Fed: Industrial Production and Capacity Utilization In August, industrial production rose 0.8 percent after falling 0.9 percent in July. Similarly, the output of manufacturing increased 0.9 percent in August after decreasing 0.7 percent during the previous month. This pattern was due in part to a recovery in the index of motor vehicles and parts, which jumped nearly 10 percent in August after dropping roughly 9 percent in July.
Wealth Management
SEPTEMBER 17, 2024
Firms such as Coinbase Global Inc. and BitGo Inc. have been among the dominant service providers so far in the crypto custody business.
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
SEPTEMBER 17, 2024
Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in August A brief excerpt: From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 3.88 million in August , down 1.8% from July’s preliminary pace and down 3.7% from last August’s seasonally adjus
Wealth Management
SEPTEMBER 17, 2024
The acquisition of CornerCap Investment Counsel is another step on EP Wealth’s path to becoming a nationwide RIA, according to CEO Ryan Parker.
Alpha Architect
SEPTEMBER 17, 2024
The filters analyzed in this article are related to Savitzky-Golay filters [6]. Savitzky-Golay filters were originally developed to smooth noisy data obtained from chemical spectrum analyzers. There are two types: smoothers and differentiators. As with the filters discussed in this article, the design of Savitzky-Golay filters is also based on a least squares fit of the observations to a polynomial function, where the degree of the polynomial is selected based on the structure of the observation
Wealth Management
SEPTEMBER 17, 2024
J.P. Morgan Chase Chairman Jamie Dimon called out institutions investors for their role in the rising popularity of private markets, reports FundFire. A Fed interest-rate cut could be a boon for small-cap stocks, according to MarketWatch. These are among the investment must reads we found this week for wealth advisors.
Advertisement
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.
Advisor Perspectives
SEPTEMBER 17, 2024
Christine Benz is Morningstar’s director of personal finance and retirement planning, but she’s written a book that evokes Viktor Frankl as much as Bill Sharpe, aiming to go well beyond the mathematics of saving for, and living in, retirement.
Wealth Management
SEPTEMBER 17, 2024
Jim Rourke and Michael Liu were named co-heads of private client partnership development, which links Bank of America’s global corporate and investment bank, Merrill wealth management and the Private Bank.
Million Dollar Round Table (MDRT)
SEPTEMBER 17, 2024
By Antoinette Tuscano, MDRT senior content specialist OpenAI’s ChatGPT debuted in November 2022 and quickly hit 100 million users, becoming the fastest-growing application in internet history, according to the International Monetary Fund. “It’s important for everybody to understand how fast this (AI) is going to change,” said Eric Schmidt, the former CEO and chairman of Google, in 2023.
Wealth Management
SEPTEMBER 17, 2024
Avoid active strategies that engage in individual security selection and/or market timing.
Advertisement
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?
Advisor Perspectives
SEPTEMBER 17, 2024
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process.
Wealth Management
SEPTEMBER 17, 2024
Legal Editor Anna Sulkin Stern discusses this month's cover art.
A Wealth of Common Sense
SEPTEMBER 17, 2024
I’m at Future Proof this week with 4,000 friends in the financial advice space. Here’s a look back at the most popular post in A Wealth of Common Sense history. * In 2014 I wrote a piece called What If You Only Invested at Market Peaks? It’s hard to believe it now, but many investors assumed after a massive 30%+ run-up in the S&P 500 in 2013 that a peak was imminent.
Wealth Management
SEPTEMBER 17, 2024
The commission alleged that the schemers behind the fraudulent crypto platform NanoBit Limited falsely claimed their affiliate was an SEC-registered broker.
Advertisement
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.
Advisor Perspectives
SEPTEMBER 17, 2024
Nominal retail sales in August were up 0.05% month-over-month (MoM) and up 2.13% year-over-year (YoY). However, after adjusting for inflation, real retail sales were down 0.14% MoM and down 0.45% YoY.
Wealth Management
SEPTEMBER 17, 2024
Dougal Williams has been with the $2.5 billion wealth management firm since 2004, previously serving as chief wealth officer and lead advisor.
Advisor Perspectives
SEPTEMBER 17, 2024
Industrial production was up 0.8% in August, coming in better than the expected 0.2% increase. Compared to one year ago, industrial production is flat.
Wealth Management
SEPTEMBER 17, 2024
Ali Bedford discusses how lawmakers and thought leaders in Washington, D.C. have turned their attention to 2025.
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.
Advisor Perspectives
SEPTEMBER 17, 2024
The Census Bureau's Advance Retail Sales Report for August revealed headline sales were up 0.1% last month. The latest reading was higher than the expected -0.2% monthly growth in consumer spending.
Wealth Management
SEPTEMBER 17, 2024
Traps to avoid when donors make significant gifts.
Advisor Perspectives
SEPTEMBER 17, 2024
You don’t have to read or listen for long these days before you hear a politician, pundit, or politically-inclined person say: “Government spending causes inflation.
Wealth Management
SEPTEMBER 17, 2024
How the Fearless Fund case may impact race-based philanthropic programs.
Advertisement
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.
Expert insights. Personalized for you.
299 
Let's personalize your content