RIAs to Pay $1.2M To Settle SEC Marketing Rule Violations
Wealth Management
SEPTEMBER 9, 2024
The firms named include Integrated Advisors Network, Richard Berstein Advisors and Abacus Planning Group, all of which paid six-figure civil penalties.
Mon.Sep 09, 2024
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Monday links: an economy on hold
Abnormal Returns
SEPTEMBER 9, 2024
Finance Analysts are in no rush to cut earnings estimates. (sherwood.news) Kalshi won its lawsuit against the CFTC to offer political prediction markets. (coindesk.com) Apple Will AI drive a renewed iPhone upgrade cycle? (spyglass.org) What is Apple ($AAPL) spending all that R&D money on? (sherwood.news) How Apple ($AAPL) turned the watch into THE wearable.
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Convergence, Small Plan Explosion and Activating Wealth Advisors Dominate RPA Broker/Dealer Roundtable
Wealth Management
SEPTEMBER 9, 2024
Attendees got heated talking about record keepers investing in and promoting services that compete with advisors.
Adviser links: staffing a growing firm
Abnormal Returns
SEPTEMBER 9, 2024
Podcasts Michael Kitces talks financial wellness with Zack Hubbard. Zack is the Director of Financial Planning and Participant Engagement of Greenspring Advisors. (kitces.com) Dave Zoller talks with Brian Portnoy about the essential skills of the best advisers. (youtube.com) Brendan Frazier talks with Michael Kitces about mastering the human side of financial advice.
Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments
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
How Attorneys and Wealth Managers Can Work Together to Protect Wealth in High-Net-Worth Divorces
Wealth Management
SEPTEMBER 9, 2024
Working through a high-net-worth divorce is challenging for all parties involved, but it doesn’t have to be overwhelming.
Wholesale Used Car Prices Increased in August; Down 3.9% Year-over-year
Calculated Risk
SEPTEMBER 9, 2024
From Manheim Consulting today: Wholesale Used-Vehicle Prices Increased in August Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were higher in August compared to July. The Manheim Used Vehicle Value Index (MUVVI) rose to 203.9, a decline of 3.9% from a year ago. The seasonal adjustment to the index mitigated the impact on the month, resulting in values that rose 1.2% month over month.
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Housing Sept 9th Weekly Update: Inventory Down 0.1% Week-over-week, Up 38.0% Year-over-year
Calculated Risk
SEPTEMBER 9, 2024
Altos reports that active single-family inventory was down 0.1% week-over-week. Inventory is now up 42.4% from the February seasonal bottom. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of September 6th, inventory was at 704 thousand (7-day average), compared to 704 thousand the prior week. It is possible inventory is at or close to the peak for the year (this would be normal timing pre-pandemic).
Individual Investors Forced to Ride the Bench Amid NFL's Embrace of Private Equity
Wealth Management
SEPTEMBER 9, 2024
While the NFL is welcoming some private equity players, its rules are more stringent than those adopted by other professional leagues, meaning funds allowing individual investor participation are not eligible.
Tuesday: Misc
Calculated Risk
SEPTEMBER 9, 2024
From Matthew Graham at Mortgage News Daily: Mortgage Rates Holding Near Long-Term Lows to Start New Week The average lender's top tier 30yr fixed rate fell to the lowest level since April 2023 last week. That's down more than 1.25% over the past 5 months. Today brought a significantly smaller improvement, but an improvement on a long-term low technically makes another long-term low.[ 30 year fixed 6.55% ] emphasis added Tuesday: • At 6:00 AM ET, NFIB Small Business Optimism Index for August.
Scenes from the 10th Annual WealthManagement.com Industry Awards
Wealth Management
SEPTEMBER 9, 2024
The 2024 "Wealthies" Awards were held on Sept. 5 at the Ziegfeld Theater in New York City.
Book of Secrets on the Month-End Close
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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.
1st Look at Local Housing Markets in August
Calculated Risk
SEPTEMBER 9, 2024
Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in August A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to August 2019 for each local market (some 2019 data is not available). This is the first look at several early reporting local markets in August.
The Future of Organic Growth Goes Beyond Referrals
Wealth Management
SEPTEMBER 9, 2024
Chief executives at some of the largest and fastest-growing RIAs in the country argue for the need to institutionalize business development.
Why Service Advisors Who Obtain CFP Marks Are Making More Money For Themselves And Their Firms
Nerd's Eye View
SEPTEMBER 9, 2024
While the share of advisors with the CFP marks has risen steadily over time, today, about 2/3 of financial advisors are not CFP professionals. This means that, for most advisors, the decision to obtain this designation remains an open one. A crucial factor in an advisor's decision to prepare for the CFP exam – often requiring them to sacrifice evenings and weekends to complete the requisite coursework (which can take more than a year), and spending many thousands of dollars – is whet
Olympic Gold Means Victory for the IRS Too
Wealth Management
SEPTEMBER 9, 2024
Some athletes might see a tax bill for their triumphs.
Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success
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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?
Investors trade Cryptos and Trad-Fi Differently
Alpha Architect
SEPTEMBER 9, 2024
Retail traders are contrarian in stocks and gold, yet the same traders follow a momentum-like strategy in cryptocurrencies. The differences are not explained by individual characteristics, investor composition, inattention, differences in fees, or preference for lottery-like assets. We conjecture that retail investors have a model where cryptocurrency price changes affect the likelihood of future widespread adoption, which leads them to further update their price expectations in the same directi
Justice Alito’s Stock Portfolio Stands Apart on US Supreme Court
Wealth Management
SEPTEMBER 9, 2024
Supreme Court justices are allowed to hold individual stocks, but ethics rules deem they should disqualify from cases involving the companies.
60 Million Baby Boomer Votes Sway the Presidential Election
Advisor Perspectives
SEPTEMBER 9, 2024
78 million baby boomers are about one-third of the voter-eligible population and 77 percent of them vote, so there are 60 million baby boomer votes. That 60 million is 38 percent of the 158 million votes cast in the 2020 presidential election. The baby boomer voters’ bloc is a big deal.
Four Pillars of Industry Transformation
Wealth Management
SEPTEMBER 9, 2024
Take advantage of the full menu of options when going independent.
Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100
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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.
Talk Your Book: Dividend Stocks are Cheap
A Wealth of Common Sense
SEPTEMBER 9, 2024
Today’s Talk Your Book is sponsored by Schafer Cullen Capital Management: On today’s show, we spoke with Jennifer Chang, Portfolio Manager and Executive Director to discuss Schafer Cullen’s high dividend value strategies. On today’s show, we discuss: Utilizing active management within dividend strategies Indexing vs active stock picking dividend stocks How high dividend stocks are affected by.
Portfolio Solutions for a New Rate Regime
Wealth Management
SEPTEMBER 9, 2024
Wednesday, October 09, 2024 | 2:00 PM ET
Will Gravita India be able to maintain a Net profit CAGR of more than 50% for the next 5 years?
Trade Brains
SEPTEMBER 9, 2024
Recycling and waste management have been transforming the way we deal with our daily waste. People were increasingly realizing the importance of reducing, reusing, and recycling to create a sustainable environment. Innovative companies have been finding new ways to turn waste into valuable resources. Gravita India Limited has been a key player in this industry.
Americans Have a New Piggy Bank to Raid — Their Houses
Wealth Management
SEPTEMBER 9, 2024
Home equity loans are beginning to look more attractive after fading into irrelevance after the financial crisis.
Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape
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.
Weekly Market Insights: September 9th, 2024
Cornerstone Financial Advisory
SEPTEMBER 9, 2024
Weekly Market Insights | September 9th, 2024 Rough Start, Unsettling End. Stocks fell last week as soft economic data rattled investors focused on the Fed’s next move with interest rates. The Dow Jones Industrial Average lost 2.93 percent, while the Standard & Poor’s 500 Index dropped 4.25 percent. The tech-heavy Nasdaq Composite fell 5.77 percent.
Growth Hack: XYPN’s Playbook to Partnerships that Work
XY Planning Network
SEPTEMBER 9, 2024
Maybe you’re building your business and you feel a bit scattered when pulling all of the disparate parts together. You seem to have a lot of challenges to overcome, and it’s up to you to solve them all. Challenges like: How should I become an expert on my target market ? How do I establish credibility ? Where can I find my audience ? What will spur them to contact me ?
Market Commentary: Slow Start to Historically Worst Month of the Year
Carson Wealth
SEPTEMBER 9, 2024
The Worst Month of the Year We noted last week that September was historically a rough one for stocks and after one week, that is playing out, as stocks just had their worst week since the Regional Bank crisis in March 2023. But let’s look at the bigger picture before we dive into the minutia of markets. The S&P 500 has been higher every month this year except April.
When Should the New Yew York Department of Financial Services have Rehabilitated American Transit Insurance?
Aleph
SEPTEMBER 9, 2024
Hey! Maybe we can grow our way out of the problem! || All images from Aleph Blog At one point in time, I was a Fellow in the Society of Actuaries, a Life Actuary specializing in investment issues. Eventually, I was hired by a hedge fund to analyze all types of insurance stocks. I knew some things about reserving outside of life insurance, but I had to learn more to become competent at understanding what made for good insurance stocks.
Fall In Love With the Month-End Close
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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.
Stock-Selloff Fears for September Are Overblown
Advisor Perspectives
SEPTEMBER 9, 2024
The US stock market has given us plenty of real and perceived calendar anomalies to think about. There’s the observed tendency for stocks to experience a “Santa Claus rally” (during the last five trading days of the year and the first two of the next) and the weekend effect (where stocks have a habit of slumping on Mondays).
SEI Surpasses $1.5 Trillion in Alternative Assets Under Administration
SEI
SEPTEMBER 9, 2024
Breadth of Capabilities and Strength of Global Operations to Help Accelerate Growth
Leverage Is Easy To Misuse
Random Roger's Retirement Planning
SEPTEMBER 9, 2024
An update on the Tradr 2X Long SPY Weekly ETF (SPYB). The fund is 2x leveraged but unlike most leveraged funds, it does not reset daily, it resets weekly. SPYM from the same shop resets monthly. SPYB went through it's first weekly reset and while SPY was up 112 basis points on Monday, SPYB was up 218 basis points. So it didn't nail it to the basis points for perfect tracking but that is very close as a first impression.
Apex and the NLC Are Just Over Two Weeks Away
NAIFA Advisor Today
SEPTEMBER 9, 2024
We look forward to seeing everyone who is attending the combined Apex and National Leadership Conference September 19-21 at the Arizona Biltmore. To see who has signed up, check the Who's Coming? page on the conference website. And if you're a last-minute planner, it's not too late to register and add your name to the list. The preferred rate for NAIFA's room block at the Biltmore has expired, but i f you would like assistance locating accommodations in the vicinity of the Arizona Biltmore pleas
The Future Of Finance: How To Manage Spend The Right Way
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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