Abnormal Returns
SEPTEMBER 10, 2024
Strategy Joe Wiggins, "Any investment is only as good as our ability not to make bad choices while we own it." (behaviouralinvestment.com) Why so many market moves are seemingly paradoxical. (demystifyingmarkets.com) On the difference between risk and uncertainty. (bankeronwheels.com) Walgreens Walgreens ($WBA) is the worst performing stock in the S&P 500 YTD.
The Big Picture
SEPTEMBER 10, 2024
The transcript from this week’s, MiB: Mike Wilson, Morgan Stanley , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ Barry Ritholtz : This week on the podcast, I have an extra special guest.
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Abnormal Returns
SEPTEMBER 10, 2024
Quant stuff AI is not just another technology. (blogs.cfainstitute.org) Using machine learning for portfolio optimization. (blogs.cfainstitute.org) A review of recent research on portfolio risk management including 'Does Systematic Tail Risk Matter?' (capitalspectator.com) Poker as a tool to learn trading. (wsj.com) Trend following Why trend following won't go away any time soon.
Nerd's Eye View
SEPTEMBER 10, 2024
Welcome everyone! Welcome to the 402nd episode of the Financial Advisor Success Podcast! My guest on today's podcast is John Mason. John is the President of Mason & Associates, an RIA based in Newport News, Virginia, that oversees $370 million in assets under management for approximately 390 client households. What's unique about John, though, is how joining a firm that served the niche of Federal government employees allowed him to quickly accelerate his own learning curve and demonstrate h
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
SEPTEMBER 10, 2024
From Dodge Data Analytics: Dodge Momentum Index Rises 3% in August The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 2.9% in August to 220.4 (2000=100) from the revised July reading of 214.2. Over the month, commercial planning expanded 1.9% and institutional planning improved 5.7%. “Owners and developers continued to prime the planning queue in August, ahead of next year’s anticipated stronger market conditions,” stated Sarah Martin, associate director of forecasti
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
SEPTEMBER 10, 2024
Notes: This CoreLogic House Price Index report is for July. The recent Case-Shiller index release was for June. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic: Annual US Home Price Growth Dips Below 5% as Summer Brings Notable Cooling to the Housing Market • U.S. home prices posted a 4.3% year-over-year gain in July, with no states posting double-digit gains. • Home prices showed no gains in July compared with the month before
Wealth Management
SEPTEMBER 10, 2024
John Duane and Gregory Giantsos are launching BrookBridge Private Wealth under LPL’s high-net-worth-focused model, LPL Private Wealth Management.
Advisor Perspectives
SEPTEMBER 10, 2024
How do you convey your value and convince qualified prospects that hiring you will be a worthwhile investment without breaching your compliance obligations as an advisor?
Wealth Management
SEPTEMBER 10, 2024
Several investment managers are exploring how to overcome obstacles such as limited liquidity in order to package private assets into ETFs. Are covered call ETFs a good investment, asks barchart. These are among the investment must reads we found this week for wealth advisors.
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.
Million Dollar Round Table (MDRT)
SEPTEMBER 10, 2024
By Michael Joseph Haggerty, CPCA, CFP Life insurance or critical illness insurance isn’t something people often want to think about, let alone seek out an insurance agent or financial advisor to purchase. What people dream about, though, is buying their own home, which frequently requires a mortgage. I discovered then if I first provided mortgages to clients and showed them my value, everything else would fall into place.
Wealth Management
SEPTEMBER 10, 2024
The wirehouse is accusing Corbin Hoffner of abruptly departing for Raymond James and soliciting the clients of a recently retired advisor just days after he took over the accounts.
Calculated Risk
SEPTEMBER 10, 2024
Here is another monthly update on lumber prices. SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16, 2023. I switched to a physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long term price comparisons since the new contract was priced about 24% higher than the old random length contract for the period when both contracts were available.
Wealth Management
SEPTEMBER 10, 2024
The firm has 10 products spanning credit, real assets, infrastructure and equity, and has added about 200 people who work in wealth over the last five years.
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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
SEPTEMBER 10, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, The Consumer Price Index for August from the BLS. The consensus is for a 0.2% increase in CPI, and a 0.2% increase in core CPI.
Wealth Management
SEPTEMBER 10, 2024
Wealth management executives discussed how their firms are responding to criticism of DEI initiatives during a recent WealthManagement.com think tank.
Calculated Risk
SEPTEMBER 10, 2024
Today, in the Real Estate Newsletter: ICE Mortgage Monitor: House Price Growth Slows, 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.
Wealth Management
SEPTEMBER 10, 2024
One obstacle retail investors face is a lack of appropriate recommendations from their financial advisors, according to the FTSE Russell Wealth Survey.
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
Financial Symmetry
SEPTEMBER 10, 2024
Retirement planning is a delicate process, and you need to carefully consider your various income streams, including Social Security benefits. For those of us who plan to continue working during retirement while claiming Social Security, it’s important to understand how … Continued The post The Financial Benefits and Drawbacks of Working During Retirement, Ep #224 appeared first on Financial Symmetry, Inc.
Wealth Management
SEPTEMBER 10, 2024
The AI-driven platform, which launched in 2022, shares many similarities with Finny and Aidentified.
Steve Sanduski
SEPTEMBER 10, 2024
In a Nutshell: Steve and Amy Koenig , a financial advisor coach, are back for a deep dive on an issue every advisor will face at some point which is, how do you transition existing clients to another advisor and do it so the clients stay and there’s no drop in service. Sometimes there’s a personality mismatch. Sometimes goals aren’t aligned.
Wealth Management
SEPTEMBER 10, 2024
The Global X U.S. Infrastructure Development ETF (PAVE) has overtaken Cathie Wood’s ARK Innovation ETF (ARKK) as the biggest thematic fund.
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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
SEPTEMBER 10, 2024
How do you convey your value and convince qualified prospects that hiring you will be a worthwhile investment without breaching your compliance obligations as an advisor?
Trade Brains
SEPTEMBER 10, 2024
People like to roam around to different places to experience nature, relieve stress, and enjoy themselves with their close ones. The tourism prospers the hospitality sector in many ways. The demand upsurge is due to improvements in income, and affordability and this has opened up people’s purses to spend on luxury stays to rest. Many Indian Hotel chains are looking up to this demand and are increasing the rooms to cater to the increasing demand.
Advisor Perspectives
SEPTEMBER 10, 2024
State Street Global Advisors and Galaxy Asset Management are launching a trio of cryptocurrency-focused exchange-traded funds even as investors pull back from spot Bitcoin funds.
Random Roger's Retirement Planning
SEPTEMBER 10, 2024
As we've looked at before, there is plenty of research to support going heavy into various forms of trend following. Meb Faber has talked about this quite a few times, the ReturnStacked ETFs exist because of this idea and here's another article that also talks about it by Optimal Momentum. The following was interesting, obviously citing Ray Dalio; This is obviously a drum we've been banging for years for the most part.
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!
Walkner Condon Financial Advisors
SEPTEMBER 10, 2024
Health Savings Accounts (HSA) were introduced in 2003 as a means to both reduce overall healthcare spending and encourage Americans to save for increasing healthcare expenses. Learn about the important variables to consider when opening an HSA with Walkner Condon Financial Advisors.
Diamond Consultants
SEPTEMBER 10, 2024
The good, the bad, and the ugly details that advisors and next gen inheritors need to be aware of before signing on the dotted line. On paper, enhanced succession plans like Merrill’s recently announced CTP, are a no brainer for both retiring and inheriting advisors alike. Yet, the reality is more nuanced. Merrill is not alone in offering a retire-in-place program such as CTP.
Your Richest Life
SEPTEMBER 10, 2024
Your ideal investing strategy will be unique to you: your life phase, goals and risk tolerance will all play a role in informing your “ideal” methodology. But with so much conflicting advice everywhere you look, how are you supposed to know which strategies will work best for you? Here are some steps to nailing down your best investing strategy: Finding Your Best Investing Strategy Tip #1: Figure Out Your Goals Your goals are a great place to start.
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