Calculated Risk
JUNE 10, 2024
Altos reports that active single-family inventory was up 1.1% week-over-week. Inventory is now up 23.8% from the February bottom, and at the highest level since August 2020. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of June 7th, inventory was at 612 thousand (7-day average), compared to 605 thousand the prior week.
Wealth Management
JUNE 10, 2024
Victory belongs to the most tenacious.
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Calculated Risk
JUNE 10, 2024
Today, in the Calculated Risk Real Estate Newsletter: Q1 Update: Delinquencies, Foreclosures and REO A brief excerpt: We will NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons: 1) mortgage lending has been solid, and 2) most homeowners have substantial equity in their homes.
Wealth Management
JUNE 10, 2024
The Document-to-Portfolio tool aims to allow users to upload images or PDF files of account statements from brokerages and banks, automatically populate account transfer details and receive real-time financial analysis.
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
Abnormal Returns
JUNE 10, 2024
Podcasts Barry Ritholtz talks with Peter Mallouk, president and CEO of Creative Planning LLC. (ritholtz.com) Joel Weber and Eric Balchunas talk with Silla Brush about Salim Ramji the new CEO of Vanguard. (bloomberg.com) Daniel Crosby talks advisor marketing with Robert Sofia who is the CEO of Snappy Kraken. (standarddeviationspod.com) Frazer Rice talks with David Barnard, CEO and Founder of Luminary, about technology and estate planning.
Wealth Management
JUNE 10, 2024
Corporation redemption obligation isn’t a liability that reduces the value of the decedent’s shares
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Wealth Management
JUNE 10, 2024
Apollo Global’s David Lang will join as Focus’ chief operating officer, while Connectus Wealth Advisers CEO Molly Bennard will direct the firm's international growth strategy.
Calculated Risk
JUNE 10, 2024
From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. Total U.S. carloads were down 6.0% in May 2024 from May 2023, their fifth straight year-over-year decline. Year-to-date total carloads through May were down 5.0%, or 247,984 carloads, from last year and were the lowest in our records that go back to 1988.
Wealth Management
JUNE 10, 2024
After a relatively quiet April, asset managers cranked up the pace of launches in May with 50 new funds hitting the market.
Abnormal Returns
JUNE 10, 2024
Markets The S&P 500 is getting three new members. (reuters.com) The VIX is quiescent, but individual stocks are bouncing around. (wsj.com) The rest of the world does not have the Magnificent Seven. (mrzepczynski.blogspot.com) Strategy Fixed income comes with its own set of decisions. (awealthofcommonsense.com) Why it is counterproductive to look at your portfolio too often.
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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
JUNE 10, 2024
Industry analysts view KKR's and Starwood's recent moves to respond to redemption requests on their non-traded REITs as positive for shareholders.
Calculated Risk
JUNE 10, 2024
From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Higher to Start Pivotal Week The event calendar ramps up quickly from here and Wednesday will be the most important day of the month due to the release of pivotal inflation data and an updated rate announcement and outlook from the Fed. While there's no chance of a rate cut or hike at this meeting, we should get more clarity on the Fed's interpretation of the very latest trends in inflation. [ 30 year fixed 7.17% ] emphasis adde
Wealth Management
JUNE 10, 2024
The AI assistant records meeting notes and turns them into automated actions from generating client communications to plan changes.
Carson Wealth
JUNE 10, 2024
The Summer Rally Continues Another week and more new highs for the S&P 500. As we’ve noted before, summer rallies are actually quite normal in an election year and we didn’t think this year would be any different. In fact, the three summer months are up more than seven percent on average in an election year and higher more than 75% of the time, the best out of any three-month period.
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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
JUNE 10, 2024
Former Fidelity Investments Life Insurance Company President Jerry Patterson will lead Cetera’s retirement, insurance and annuities segment.
Advisor Perspectives
JUNE 10, 2024
Multiple jobholders account for 5.2% of civilian employment. The survey captures data for four subcategories of the multi-job workforce, the relative sizes of which we've illustrated in a pie chart.
A Wealth of Common Sense
JUNE 10, 2024
Today’s Talk Your Book is sponsored by Franklin Templeton On today’s show, we spoke with Chris Floyd, VP and Portfolio Manager for Franklin Templeton Investment Solutions to discuss the Franklin US Low Volatility High Dividend Index ETF On today’s show, we discuss: How rates affect dividend payers Fund-specific rules and objectives Looking at REITs as an income driver Why blue-chip companies continue t.
Random Roger's Retirement Planning
JUNE 10, 2024
The title of today's post is essentially the question asked in a Bloomberg Article ( syndicated at Yahoo ). The TLDR is that broad diversification has lagged behind simple market cap weighting for the last 15 years. I am guessing they chose that timeframe to coincide with the March 2009 bottom. We've talked just a couple of times about the market becoming increasingly concentrated which just in terms of math means that a diversified strategy will lag for as long as the big names do well.
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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.
XY Planning Network
JUNE 10, 2024
In the dynamic world of advisory firms, the relentless pursuit of operational efficiency and superior client service continues unabated. Recent surveys conducted by our team at Hubly reveal that many firms prioritize "team accountability" above significant concerns such as workflows for money movements, financial planning, or client onboarding. This raises questions about whether these findings reflect broader management trends in advisory firms or point to deeper systemic issues.
Advisor Perspectives
JUNE 10, 2024
Our monthly workforce analysis has been updated to include the latest employment report for May. The unemployment rate inched up to 4.0%, its highest level since January 2022, and the number of new non-farm jobs (a relatively volatile number subject to extensive revisions) came in at 272K.
Financial Symmetry
JUNE 10, 2024
Did you know what account you place your investments in can make a meaningful difference in taxes over your investing lifetime? This is called asset location, and Vanguard has found that it can save you up to 0.60% annually in … Continued The post Asset Location appeared first on Financial Symmetry, Inc.
Advisor Perspectives
JUNE 10, 2024
The next inflation wave will challenge the economy and the Fed. It will not be transitory. A pivot back toward a zero interest rate policy (ZIRP) will intensify the problem.
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.
Prosperity Coaching
JUNE 10, 2024
Financial Advisors and Emotional Intelligence: Psychology plays a crucial role in financial advising. Whether you’re capturing new leads through empathic marketing techniques or easing the generational anxieties a client has around their personal finances, there is a mental game you need to get comfortable with in order to succeed. I’ve […] The post Financial Advisors and Emotional Intelligence: Leadership and Why it Matters appeared first on The Prosperous Advisor Coaching Blog.
Advisor Perspectives
JUNE 10, 2024
All eight of the indexes on our world watch list have posted gains through June 10, 2024. Tokyo's Nikkei 225 finished in the top spot with a YTD gain of 16.66%. The U.S.'s S&P 500 finished in second with a YTD gain of 13.03% while Hong Kong's Hang Seng finished in third with a YTD gain of 9.40%.
SEI
JUNE 10, 2024
A conversation with SEI's Michael Cagnina, Senior Vice President and Managing Director, Institutional Investors Group
Advisor Perspectives
JUNE 10, 2024
A broad equity rally isn’t spilling over into the technology sector, where gains are still concentrated in just a few artificial intelligence winners that have become defensive plays amid an uncertain macroeconomic backdrop.
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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
JUNE 10, 2024
Major federal tax legislation is all but certain to be coming from Washington, D.C., in 2025. Many provisions from the 2017 Tax Cuts and Jobs Act (TCJA) are set to expire at the end of next year and Congress will need to address the situation. This NAIFA advocacy webinar will give you a better understanding of what is being dubbed the "Super Bowl of Tax" and provide insights into some of the proposals likely to shape the debate.
Validea
JUNE 10, 2024
Here is the latest update for June from Validea’s market valuation tool. Rather than focusing on market-cap weighted indexes like the S&P 500, our tool focuses on the valuation of the average stock relative to history. We use the median of our investable universe of 2700 stocks to perform the calculation. While the valuation of the median stock has been rising in recent months, it remains middle of the road relative to history based on the TTM PE Ratio.
Advisor Perspectives
JUNE 10, 2024
What’s the best age to start taking Social Security? That is a frequently asked question for financial advisors. It’s also, as any financial advisor will admit, completely unanswerable without significantly more information. Social Security is too inherently complex for one-size-fits-most recommendations.
Cornerstone Financial Advisory
JUNE 10, 2024
Weekly Market Insights: Solid Week Despite Mixed Reports Presented by Cornerstone Financial Advisory, LLC Stocks rose last week despite conflicting stories from economic reports. The Dow Jones Industrial Average inched up 0.29 percent while the Standard & Poor’s 500 Index powered ahead 1.31 percent. The Nasdaq Composite led, picking up 2.38 percent.
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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