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.
Nerd's Eye View
JUNE 10, 2024
The first half of 2024 has been a solid start for most advisory firms, with markets enjoying moderate growth (a pleasant follow-through after a particularly strong 2023!), client retention rates remaining robust, and at least a bit of client referral growth trickling in. Which is leading to healthy profit margins at the typical advisory firm, as more and more advisors eye the possibility that AI will produce even more business efficiencies (and stronger profitability) in the year to come.
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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.
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.
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.
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.
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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
Victory belongs to the most tenacious.
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.
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.
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.
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.
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.
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.
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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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.
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.
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
Former Fidelity Investments Life Insurance Company President Jerry Patterson will lead Cetera’s retirement, insurance and annuities segment.
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
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.
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.
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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.
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.
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
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!
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.
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.
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