Abnormal Returns
AUGUST 5, 2024
Markets Bryce Elder, "The “long Japanese equities/short yen” trade worked until it didn’t." (ft.com) Market sentiment got way too bullish. (allstarcharts.com) Strategy There's always a (different) reason to sell. (theirrelevantinvestor.com) Investors need to plan for down markets. (awealthofcommonsense.com) If you sell stocks, you have to decide when to get back in.
Nerd's Eye View
AUGUST 5, 2024
Welcome to the August 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that Orion and Riskalyze have both announced that they are "unbundling" several key components of their previously all-in-one offerings, highlighting how, after more than a decade and hundreds of millions
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Abnormal Returns
AUGUST 5, 2024
Podcasts Michael Kitces talks divorce planning with Michelle Klisanich who is a Wealth Advisor for Financially Wise Divorce. (kitces.com) Matt Zeigler talks with Wade Pfau about managing sequence of returns risk in retirement. (youtube.com) Ted Seides talks with Jeff Assaf who is the founder and CIO of ICG Advisors. (capitalallocators.com) Frazer Rice talks with Brian C.
Carson Wealth
AUGUST 5, 2024
Houston, We Have Turbulence The S&P 500 fell 2.0% last week, declining for the third consecutive week, but unlike the past few weeks, this time the selling was across the board. Economic data last week showed the economy slowing more than expected, adding to worries about a potential recession. We still think a recession can be avoided, but risks have increased.
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.
Calculated Risk
AUGUST 5, 2024
From the Federal Reserve: The July 2024 Senior Loan Officer Opinion Survey on Bank Lending Practices The July 2024 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the second quarter of 2024.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
AUGUST 5, 2024
Altos reports that active single-family inventory was up 1.0% week-over-week. Inventory is now up 38.4% from the February seasonal bottom. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of August 2nd, inventory was at 684 thousand (7-day average), compared to 677 thousand the prior week. This is the highest level of inventory since June 2020 ; however, inventory is still far below pre-pandemic levels.
Wealth Management
AUGUST 5, 2024
Glenn Frank alleges that the leaders of his firm told him he would “be removed from his clients’ service teams” immediately if he didn’t take a subordinate role to younger advisors, according to the suit.
NAIFA Advisor Today
AUGUST 5, 2024
Thomas Drapala , RSSA, is Director of Strategic Partnerships, Registered Social Security Analysts, and a passionate advisor and educator with deep expertise in Social Security. He is also a keynote speaker at NAIFA's Apex , September 19-21, at the Arizona Biltmore.
Advisor Perspectives
AUGUST 5, 2024
What does a “private equity firm” do? You may not know or care. Yet one of these specialized companies might possibly own your favorite restaurant—or your hospital.
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
AUGUST 5, 2024
HoyleCohen is the latest to be merged into The Colony Group as part of Focus Financial Partners' consolidation strategy.
Advisor Perspectives
AUGUST 5, 2024
With the Q2 GDP advance estimate and the July close data, we now have an updated look at the popular "Buffett Indicator" -- the ratio of corporate equities to GDP. The current reading is 195.0%, down from 197.4% the previous quarter.
Wealth Management
AUGUST 5, 2024
Glenn Frank alleges that the leaders of his firm told him he would “be removed from his clients’ service teams” immediately if he didn’t take a subordinate role to younger advisors, according to the suit.
Advisor Perspectives
AUGUST 5, 2024
Cryptocurrencies reeled from a bout of risk aversion in global markets on Monday, at one point sending Bitcoin down more than 16% and saddling second-ranked Ether with the steepest fall since 2021.
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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.
Calculated Risk
AUGUST 5, 2024
This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the July 2024 seasonally adjusted annual sales rate (SAAR) of 485 thousand. Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019.
Advisor Perspectives
AUGUST 5, 2024
Here is a look at real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq composite since their 2000 highs. We've updated this through the July 2024 close.
XY Planning Network
AUGUST 5, 2024
In today's digital age, marketing—especially digital marketing—is crucial to any business strategy. As marketing evolves, so do the regulations designed to prevent fraud and ensure fair practices. So, what does this mean for RIAs regarding their marketing efforts and staying compliant? Map your client's journey from prospect to happy customer with this easy-to-use Marketing Funnel Template.
A Wealth of Common Sense
AUGUST 5, 2024
On today’s Talk Your Book, we are joined by Mike Simonsen, Founder and President of real estate analytics firm Altos Research (a firm acquired by HousingWire Media) See here and here to learn more about Mike’s research on residential housing On today’s show, we discuss: The beginnings of Mike’s real estate research business How housing data has affected the behavior of real estate market participa.
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
AUGUST 5, 2024
The global market was roiled over the weekend following Friday’s lackluster US jobs report and the biggest crash of Japanese equities in over a decade.
Alpha Architect
AUGUST 5, 2024
As a result of the trading required to capture the premiums that drive factor strategies investors may face significant tax liabilities. The challenge for the portfolio manager is to incorporate tax-efficient trading practices at each rebalance to mitigate tax impacts and ultimately avoid sacrificing excess returns. That is certainly a tall order, but it is [.
Wealth Management
AUGUST 5, 2024
Leveraged-up ETF positions are getting thrashed in the sweeping market meltdown.
Calculated Risk
AUGUST 5, 2024
From Matthew Graham at Mortgage News Daily: Lowest Mortgage Rates in More Than a Year As of Friday, the average top tier 30yr fixed mortgage rate was merely at the lowest levels of 2024. A modest additional drop this morning brought that number to the lowest level since April 2023. In the big picture, rates have been moving consistently lower due to an ongoing bond market rally that began in May.
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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
AUGUST 5, 2024
CEO Richard Alt explains the firm’s straightforward investment philosophy.
Calculated Risk
AUGUST 5, 2024
Today, in the Real Estate Newsletter: ICE Mortgage Monitor: Existing Home Inventory Surges in Florida and Texas Brief excerpt: The local data I track is indicating that Florida and Texas inventory is above normal, whereas inventory is still low in most of the country. • Nearly every major market (98%) is seeing more for-sale inventory than at this time last year, with the largest rises in Tampa (+98%), Orlando (+82%), North Port (+80%) and Palm Bay, Fla. (+79%) and Denver (+78%) • One in four ma
MainStreet Financial Planning
AUGUST 5, 2024
Back-to-school for your family may mean you are trying to figure out how to pay for private school tuition for your K-12 student(s)! If you are thinking about tapping your 529 plans to help cover the cost, you may want to rethink that decision. Since 2018, the federal tax code allows 529 plans to be used for up to $10,000 per year to pay for qualified K-12 tuition.
Wealth Management
AUGUST 5, 2024
This marks the first loss for Bitcoin funds in five weeks.
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
AUGUST 5, 2024
Is this the beginning of the inevitable bear, where these then-most-valuable stocks could get clobbered? Here’s what history teaches us about the current concentrated market and the current correction.
Wealth Management
AUGUST 5, 2024
The proverbial toothpaste is out of the tube.
Advisor Perspectives
AUGUST 5, 2024
The Institute of Supply Management (ISM) has released its July services purchasing managers' index (PMI). The headline composite index is at 51.4, coming in line the forecast. The latest reading moves the index back into expansion territory for 47th time in the past 50 months.
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