Wealth Management
JULY 1, 2024
Last week, the Court ruled that the commission’s use of in-house administrative law judges violated the Constitution’s guarantee of a jury trial in certain cases. That may change the landscape for financial advisors defending themselves against SEC charges and civil penalties.
Calculated Risk
JULY 1, 2024
Today, in the Calculated Risk Real Estate Newsletter: FHFA’s National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores A brief excerpt: Here are some graphs on outstanding mortgages by interest rate, the average mortgage interest rate, borrowers’ credit scores and current loan-to-value (LTV) from the FHFA’s National Mortgage Database through Q4 2023 (released this morning).
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Wealth Management
JULY 1, 2024
Father and daughter James and Amanda Zack launch The Zack Wealth Group at Linsco, LPL’s employee advisor division.
Abnormal Returns
JULY 1, 2024
Markets How major asset classes performed in June 2024. (capitalspectator.com) Large caps trounced mid and small-caps in June 2024. (on.spdji.com) Momentum leads the factor race in 2024 YTD. (insights.finominal.com) Trading 24-hour stock trading is gaining popularity. (bloomberg.com) Why single-stock oDTE could be next in line to take off. (barrons.com) Robinhood ($HOOD) is buying the AI-research platform Pluto Capital Inc.
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
Wealth Management
JULY 1, 2024
It may determine the fate of retirement income as a whole.
Abnormal Returns
JULY 1, 2024
Podcasts Amy Arnott and Christine Benz talk with Don Graves and Wade Pfau about the role of home equity in retirement planning. (morningstar.com) Frazer Rice talks with Justin Elliott of ProPublica about how a $5 billion Roth IRA came to be. (frazerrice.com) The biz How Altruist makes money. (blog.altruist.com) After splitting with Sanctuary Wealth, Jim Dickson has co-founded Elevation Point, an RIA platform services business and investor.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Nerd's Eye View
JULY 1, 2024
Welcome to the July 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 AI meeting support solution Jump has raised $4.6 million in venture capital, as meeting support has increasingly shown itself as a leading use case for AI as it applies to financial advisors given the s
Wealth Management
JULY 1, 2024
Thursday, July 25, 2024 | 2:00 PM Eastern Daylight Time
Calculated Risk
JULY 1, 2024
Altos reports that active single-family inventory was up 1.8% week-over-week. Inventory is now up 30.7% from the February seasonal bottom, and at the highest level since July 2020. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of June 28th, inventory was at 646 thousand (7-day average), compared to 634 thousand the prior week.
Wealth Management
JULY 1, 2024
The artificial intelligence research platform is best known for its AI-driven personalized investment advice and real-time analytics. The terms of the deal weren’t made public.
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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.
Calculated Risk
JULY 1, 2024
From the Census Bureau reported that overall construction spending decreased: Construction spending during May 2024 was estimated at a seasonally adjusted annual rate of $2,139.8 billion, 0.1 percent below the revised April estimate of $2,142.1 billion. The May figure is 6.4 percent above the May 2023 estimate of $2,011.8 billion. emphasis added Private spending decreased and public spending increased: Spending on private construction was at a seasonally adjusted annual rate of $1,652.1 billion,
Wealth Management
JULY 1, 2024
Peace of mind comes with knowledge and networking for husband and wife team.
Calculated Risk
JULY 1, 2024
From Matthew Graham at Mortgage News Daily: Mortgage Rates Near Highest Levels in More Than a Month Mortgage rates continued their frustrating and somewhat perplexing move higher today, thus bringing the average lender close to the highest levels since the end of May. Rising rates are always frustrating for those the housing/mortgage markets and prospective borrowers, but an ebb and flow is a way of life.
Wealth Management
JULY 1, 2024
The acquisition deepens BlackRock’s ability to oversee risks and analyze data across fast-growing markets for private assets.
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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?
Calculated Risk
JULY 1, 2024
(Posted with permission). The ISM manufacturing index indicated expansion. The PMI® was at 48.5% in June, down from 48.7% in May. The employment index was at 49.3%, up from 51.1% the previous month, and the new orders index was at 49.3%, up from 45.4%. From ISM: Manufacturing PMI® at 48.5% June 2024 Manufacturing ISM® Report On Business® Economic activity in the manufacturing sector contracted in June for the third consecutive month and the 19th time in the last 20 months, say the nation's suppl
Advisor Perspectives
JULY 1, 2024
With crypto going mainstream, it’s important that advisors understand the pros and cons of including crypto in a portfolio.
Alpha Architect
JULY 1, 2024
What are the primary factors contributing to the steep and persistent decline in U.S. consumption growth during the Great Financial Crisis of 2008-2009? How do macroeconomic announcements impact household spending? was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Darrow Wealth Management
JULY 1, 2024
The 2017 Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax code, impacting every taxpayer and business owner. The TCJA has many provisions that are set to expire (sunset) at the end of 2025. At that point, many provisions will revert to 2017 levels, adjusted for inflation. Although a number of these provisions will negatively impact taxpayers starting in 2026, there a few changes that will be positive.
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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.
Advisor Perspectives
JULY 1, 2024
The giant federal debt we’ve been talking about isn’t just borrowed money. It is also lent money. Loans are two-party transactions. One side receives temporary use of cash which it agrees to repay with interest. The other gives up the current use of that cash in exchange for receiving interest. Ideally, it works out for both… but not always.
Financial Symmetry
JULY 1, 2024
What if you had a magic app that told you how much of your net worth you never got to spend at the end of your retirement? The trouble with planning for retirement is all the uncertainty, however, proper planning … Continued The post Could You Be Spending More in Retirement? Ep #219 appeared first on Financial Symmetry, Inc.
Advisor Perspectives
JULY 1, 2024
Here is a summary of the four market valuation indicators we update on a monthly basis.
A Wealth of Common Sense
JULY 1, 2024
Today’s Talk Your Book is brought to you by J.P. Morgan Asset Management: On today’s show, we discuss: Why investors may want to diversify out of high-flying stocks What a capped upside means for investors How J.P. Morgan constructs its actively-hedged income strategy How J.P. Morgan constructs its option strategy over the index Why limiting market outcomes can improve investor experience How advisors are ut.
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.
Advisor Perspectives
JULY 1, 2024
Seven of the eight indexes on our world watch list have posted gains through the first half of 2024. Tokyo's Nikkei 225 led the way with a YTD gain of 18.28%. The U.S.'s S&P 500 finished in second with a YTD gain of 15.13% while India's BSE SENSEX finished in third with a YTD gain of 9.93%.
Darrow Wealth Management
JULY 1, 2024
The 2017 Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax code, impacting every taxpayer and business owner. The TCJA has many provisions that are set to expire (sunset) at the end of 2025. At that point, many provisions will revert to 2017 levels, adjusted for inflation. Although a number of these provisions will negatively impact taxpayers starting in 2026, there a few changes that will be positive.
Advisor Perspectives
JULY 1, 2024
Based on the June S&P 500 average of daily closes, the Crestmont P/E of 38.5 is 156% above its arithmetic mean, 178% above its geometric mean, and is at the 99th percentile of this 14-plus-decade series.
Trade Brains
JULY 1, 2024
Integra Essentia: The morning chai that warms our soul, the rice in our pantry, the comfortable clothes we wear everything seems ordinary, but behind them lies a silent symphony, organised by companies like Integra Essentia. Integra Essentia Ltd isn’t just a name, it’s the essence of life’s vital threads woven together. From ensuring the food which nourishes us, to supplying the blocks for infrastructure that connects us, they act as an invisible hand ensuring our lives run smoothly.
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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.
Advisor Perspectives
JULY 1, 2024
Tesla Inc. is expected to report another quarter of weaker sales, and it’s running out of alibis.
Random Roger's Retirement Planning
JULY 1, 2024
We've talked before about the various model portfolios that ReturnStacked ETFs maintains. One of the simpler ones has 20% equal weights to five different funds. It's simple because of the five funds and the equal weight but it is actually very complex for what the funds do. It benchmarks to the iShares Core Growth Allocation ETF (AOR) which is a 60/40 fund.
Advisor Perspectives
JULY 1, 2024
Shares of the largest US companies are moving wildly out of sync, creating a sense of calm in the S&P 500 Index not seen in years. But it’s a different story when it comes to the rest of the market.
Cornerstone Financial Advisory
JULY 1, 2024
Weekly Market Insights: Mixed Message From Fed Chair, Governor Presented by Cornerstone Financial Advisory, LLC Stocks finished the last week of June and Q2 mixed as investors digested a fresh round of economic data. The Standard & Poor’s 500 Index slipped 0.08%, while the Dow Jones Industrial Average also dipped 0.08 percent. The tech-heavy Nasdaq Composite gained 0.24 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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