The Big Picture
MAY 9, 2024
Nestled in between lip-sync dancers and fashion influencers, financial fraud lurks on TikTok. At least one person1 has noticed the risks to young consumers of social media: Since August 2020, @TikTokInvestors has been curating the most outrageous money-losing and dangerous videos culled from the “financial experts” at TikTok. The advice ranges from wrong to risky to criminal: -401ks?
Abnormal Returns
MAY 9, 2024
Books An excerpt from “World on the Brink: How America Can Beat China in the Race for the Twenty-First Century” by Dmitri Alperovitch with Garrett M. Graff. (washingtonpost.com) An excerpt from "I Will Show You How It Was: The Story of Wartime Kyiv" by Illia Ponomarenko. (theatlantic.com) Annie Duke talks with Alex Edmans author of "May Contain Lies: How Stories, Statistics, and Studies Exploit Our Biases – And What We Can Do about It.
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A Wealth of Common Sense
MAY 9, 2024
Your favorite tax expert Bill Sweet joined me on the show again this week to discuss questions about downshifting your risk as you approach retirement, the most tax-efficient way to pay for a medical procedure, when DIY investors should consider an advisor, the Rule of 55 and how to prepare for taxes in retirement. Further Reading: Can Young People Still Count on Social Security?
Advisor Perspectives
MAY 9, 2024
In the week ending May 4, initial jobless claims were at a seasonally adjusted level of 231,000, an increase of 22,000 from the previous week's figure. The latest reading is higher than the forecast of 212,000 jobless claims.
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
MAY 9, 2024
Kelly Milligan filed a class action complaint in federal court, arguing he lost $500,000 in deferred compensation after leaving the wirehouse several years ago. One attorney estimated more than 1,000 former Merrill advisors have a similar story.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
MAY 9, 2024
Ed Friedman, direct of business development and growth at Summit Financial, shares the secret sauce driving the RIA's 3x growth in the last four years.
Calculated Risk
MAY 9, 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 30.4% YoY, but still down almost 36% compared to April 2017 to 2019 levels. Now - on a weekly basis - inventory is up 35.1% YoY. Realtor.com has monthly and weekly data on the existing home market.
Wealth Management
MAY 9, 2024
The promotion will allow CEO and Founder Paul Saganey to focus on coaching the firm’s advisors in working with higher-net-worth clients.
Advisor Perspectives
MAY 9, 2024
It probably escaped your attention, but the Internal Revenue Service recently piloted a program to help Americans cope with their notoriously complex tax system.
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.
Wealth Management
MAY 9, 2024
CFO Brian Dillbeck explains how deep integration within the CRM of the $24.4 billion AUM firm makes client data easy to access.
The Better Letter
MAY 9, 2024
Welcome (or welcome back) to TBL. Would-be market influencers often predict market crashes. That’s because fear can be a powerful motivator and “everyone’s got a mortgage to pay.” However, as Eddy Elfenbein suggests above, we don’t understand or predict what will happen in the markets very well. Why that is so is the subject of this edition of TBL.
Wealth Management
MAY 9, 2024
Aaron Hodari, the chief investment officer at Schechter, provides a peek inside the $3.45 billion RIA’s moderately aggressive model portfolio.
Calculated Risk
MAY 9, 2024
The DOL reported : In the week ending May 4, the advance figure for seasonally adjusted initial claims was 231,000 , an increase of 22,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 208,000 to 209,000. The 4-week moving average was 215,000, an increase of 4,750 from the previous week's revised average.
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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.
Wealth Management
MAY 9, 2024
Also, Nepsis named Amanda Butler its first CTO and Hearsay’s annual social media study found original content rules, even as overall audience engagement dropped.
Advisor Perspectives
MAY 9, 2024
Are the Next Top 10 best performing S&P 500 stocks in 2023 good investments now in 2024?
Wealth Management
MAY 9, 2024
VanEck's Fran Rodilosso also discusses the benefits of adding CLOs and BDCs to investment portfolios.
Calculated Risk
MAY 9, 2024
From Matthew Graham at Mortgage News Daily: Mortgage Rates Technically at Lowest Levels in a Month The most prevalently quoted conventional 30yr fixed rates are at the lowest levels in a month as of today, but there are a few "yeah buts". the above has played out in a very narrow range in the bigger picture. The big spike on April 10th was in a completely different league and it was exclusively a response to the Consumer Price Index (CPI).
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
Wealth Management
MAY 9, 2024
Several strategies vetted by Mercer are now available to financial advisors using CAIS’s marketplace.
Advisor Perspectives
MAY 9, 2024
As the market for initial public offerings bounces back after two lifeless years, investors who’ve been impatiently waiting for their payoff are finally getting some returns.
Wealth Management
MAY 9, 2024
Poor investment returns can have a devastating impact on a retiree’s savings.
Advisor Perspectives
MAY 9, 2024
The 20th century Baby Boom was one of the most powerful demographic events in the history of the United States. We've created a series of charts to show seven age cohorts of the employed population from 1948 to the present.
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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.
Wealth Management
MAY 9, 2024
Just 2% of assets are offered via a Unified Managed Account framework.
Walkner Condon Financial Advisors
MAY 9, 2024
The Federal Trade Commission (FTC) recently moved to strike non-compete clauses in contracts. This has an impact in our industry, as these provisions are commonplace. There likely will be lawsuits to challenge the FTC’s non-compete ban, and there are some concerns that this is just the beginning and non-solicits could be the next shoe to drop.
Wealth Management
MAY 9, 2024
While 95 new mutual funds have debuted this year, 123 have already shuttered, according to Morningstar Inc. data.
Advisor Perspectives
MAY 9, 2024
It seems that every few years, the term “stagflation” gets floated around to describe the current and/or prospective U.S. macro landscape.
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!
Tobias Financial
MAY 9, 2024
We’re thrilled to announce that our Wealth Advisor, Yesenia Realejo, CFP®, has been honored with the 2024 Mother of the Year award by the Healthy Mothers Healthy Babies Coalition of Broward County. This recognition is a testament to Yesenia’s unwavering dedication to serving families and children throughout Broward County with kindness, care, and generosity.
NAIFA Advisor Today
MAY 9, 2024
The National Association of Insurance and Financial Advisors (NAIFA) is thrilled to announce a new strategic partnership with Brookstone Capital Management, a leading financial advisory firm based in Wheaton, IL. The partnership was formalized earlier this year and will be launched through Brookstone’s participation in NAIFA’s upcoming Congressional Conference to be held May 20-21, 2024 in Washington, D.C.
Advisor Perspectives
MAY 9, 2024
Points of Return often argues for caution on stocks. It never argues to get out of them altogether. That’s because history demonstrates that over long time spans it’s very dangerous to be out of the market altogether.
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