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?
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.
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Calculated Risk
MAY 9, 2024
Today, in the Calculated Risk Real Estate Newsletter: Housing Starts: Record Average Length of Time from Start to Completion in 2023 A brief excerpt: In 2023, it took a record 8.6 months from start to completion for single family homes, up from an already elevated 8.3 months in 2022. For 2+ unit buildings, it took a record 17.1 months for buildings with 2 or more units in 2023, unchanged from 17.1 months in 2022.
Wealth Management
MAY 9, 2024
Poor investment returns can have a devastating impact on a retiree’s savings.
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
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.
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
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.
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).
Wealth Management
MAY 9, 2024
Several strategies vetted by Mercer are now available to financial advisors using CAIS’s marketplace.
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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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.
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.
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?
Wealth Management
MAY 9, 2024
VanEck's Fran Rodilosso also discusses the benefits of adding CLOs and BDCs to investment portfolios.
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.
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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?
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.
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.
Wealth Management
MAY 9, 2024
Just 2% of assets are offered via a Unified Managed Account framework.
Advisor Perspectives
MAY 9, 2024
Are the Next Top 10 best performing S&P 500 stocks in 2023 good investments now in 2024?
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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.
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.
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
While 95 new mutual funds have debuted this year, 123 have already shuttered, according to Morningstar Inc. data.
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.
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.
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.
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.
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.
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.
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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.
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.
NAIFA Advisor Today
MAY 9, 2024
May is Disability Insurance Awareness Month (DIAM), a national awareness campaign that NAIFA’s consumer division Life Happens created and coordinates each year. This awareness campaign is critical because 4 in 10 people of working age are “extremely concerned” about being able to support themselves if an illness or injury were to keep them out of work, according to the 2023 Insurance Barometer Study by Life Happens and LIMRA.
Advisor Perspectives
MAY 9, 2024
Insiders at the Magnificent Seven tech companies are following Jeff Bezos and Mark Zuckerberg in realizing gains from the stocks that have largely powered the boom in US equity markets.
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
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