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.
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
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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.
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.
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
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).
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
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.
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.
Wealth Management
JULY 1, 2024
Starfox Financial Services represents Wealth Enhancement Group's sixth location in Texas, bringing its total assets to over $85 billion.
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.
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
JULY 1, 2024
Father and daughter James and Amanda Zack launch The Zack Wealth Group at Linsco, LPL’s employee advisor division.
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.
Wealth Management
JULY 1, 2024
The acquisition deepens BlackRock’s ability to oversee risks and analyze data across fast-growing markets for private assets.
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,
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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.
Wealth Management
JULY 1, 2024
It may determine the fate of retirement income as a whole.
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
Peace of mind comes with knowledge and networking for husband and wife team.
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.
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
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.
Wealth Management
JULY 1, 2024
Thursday, July 25, 2024 | 2:00 PM Eastern Daylight Time
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%.
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.
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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
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.
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
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.
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.
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
JULY 1, 2024
BlackRock Inc. will acquire private capital database provider Preqin for £2.55 billion ($3.2 billion) in cash, as the world’s largest money manager accelerates its push to become a major player in alternative assets.
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
The June S&P Global US Manufacturing PMI™ inched up to 51.6 from 51.3 in May, indicating a modest improvement in business conditions. The latest reading was just below the forecasted reading of 51.7.
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