Abnormal Returns
NOVEMBER 20, 2023
Markets The U.S. stock market hasn't made a new high in nearly 500 trading days. (awealthofcommonsense.com) How this yield curve steepening is different. (integratinginvestor.com) Strategy ESG or not, people are going to invest according to their values. (ritholtz.com) On the downside of focusing on high dividend yields. (insights.finominal.com) Crypto Do futures-backed Bitcoin ETFs have a future?
Nerd's Eye View
NOVEMBER 20, 2023
As marketing and prospecting processes become increasingly digital for financial advisors, many prospective clients learn about advisors and what they offer not from an introductory call, webinar, or speaking event but from the advisor's website itself. Talking about money is often highly personal and can leave individuals feeling vulnerable, so choosing who to serve in such a high-trust role as a financial advisor can have immense stakes.
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The Big Picture
NOVEMBER 20, 2023
Most people don’t know that it is the editors, not the writers, who craft headlines. This should be common knowledge among media consumers (but it’s not). Perhaps this is why well-written articles are often skewed or even undone by clickbait headlines. Case in point: Wall Street’s ESG Craze Is Fading As the article points out, “investors withdrew more than $14 billion from sustainable funds this year” after weak performance traced in part to higher interest rates.1 But the article also points o
The Reformed Broker
NOVEMBER 20, 2023
“Armed to the teeth.” This is the phrase that came to mind as I was watching Josh Smith walk us through the demo of VRGL last week. I thought to myself it would be impossible for a mediocre financial advisor to hold onto a client relationship if something like this were in use by a rival advisor. The ability to show a prospective client this level of transparency on taxes, fees, allocation decision-making, etc.
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Abnormal Returns
NOVEMBER 20, 2023
The biz Nitrogen has a new CEO. (riabiz.com) More advisers are finding issues with the Schwab-TDA transition. (investmentnews.com) Anchorage Digital now offers crypto SMAs for advisers. (riaintel.com) Distributions Safely withdrawing assets in retirement requires flexibility. (thinkadvisor.com) Some QCD mistakes to avoid. (investmentnews.com) Charitable giving How a parent's charitable giving affects their children.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Advisor Perspectives
NOVEMBER 20, 2023
The Conference Board Leading Economic Index (LEI) fell for a 19th consecutive month in October as the LEI resumed signaling a recession in the near term. The index dropped 0.8% from last month to 103.9, the index's lowest reading since May 2020.
Wealth Management
NOVEMBER 20, 2023
Firms will have to be transparent, provide adequate guardrails and deliver impactful strategies to succeed because while AI won't replace humans it is not going away.
Advisor Perspectives
NOVEMBER 20, 2023
Investors should embrace a genuine long-term perspective, extending their time horizons to at least 20 to 30 years. The traditional notion of long-term investing (five to 10 years) may fall short of realizing the full benefits of long-term strategies.
Wealth Management
NOVEMBER 20, 2023
Meant to eliminate conflicts of interest on self-directed trading apps that use AI and predictive analytics, the rule would in fact cut off market access for many of the investors who use them, a lawyer for the tech firm argued in a recent public forum.
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
NOVEMBER 20, 2023
Let’s examine what the bond market is telling us about inflation and a solution that will pay you and your clients to insure for the possibility of continued high, long-term inflation.
Wealth Management
NOVEMBER 20, 2023
In the latest filing in its suit against FINRA in federal court, the Utah-based brokerage firm disputed the regulator’s claims that a ruling against it could have a dire impact on investors.
Alpha Architect
NOVEMBER 20, 2023
The article introduces a concept called "impact elasticity," which measures how a firm's environmental impact changes in response to shifts in its cost of capital (the "E" in "ESG"). It finds that the dominant sustainable investing strategy, which favors green firms and punishes brown firms by altering their cost of capital, can be counterproductive.
Wealth Management
NOVEMBER 20, 2023
The newly created RIA, Stablepoint Partners, said Goldman’s research, investments and white glove service stood out.
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
Clever Girl Finance
NOVEMBER 20, 2023
The death of a loved one takes a large emotional toll on those closest to the deceased. In addition to grief, you’re also expected to deal with closing out the life of your loved one—from rehoming pets to canceling a credit card after death. Figuring out what to do when a loved one dies can leave you feeling stressed and overwhelmed, but this checklist when someone dies can help make the process easier.
Wealth Management
NOVEMBER 20, 2023
While wealth management advisors need to serve smaller/start-up retirement plans.
Cornerstone Financial Advisory
NOVEMBER 20, 2023
Weekly Market Insights: November Rally Continues Presented by Cornerstone Financial Advisory, LLC Stocks extended their November rally last week as investors cheered lower-than-forecast inflation data. The Dow Jones Industrial Average gained 1.94%, while the Standard & Poor’s 500 added 2.24%. The Nasdaq Composite index rose 2.37% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, increased 3.36%. 1,2,3 Stocks March Higher A better-than-anticipated consumer infl
Risk Management Guru
NOVEMBER 20, 2023
As the year 2023 draws to a close, it’s time to reflect on the significant strides made in the realm of Risk Management within the financial services industry. Despite facing a multitude of challenges, including inflation, economic uncertainty, and geopolitical tensions, the industry seems to have demonstrated strong resilience and a steadfast commitment The financial services industry has experienced a number of challenges in 2023, with inflation, economic uncertainty, and geopolitical te
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.
Wealth Management
NOVEMBER 20, 2023
The sale of Signature Bank’s apartment loans could be announced as early as today, reports The Wall Street Journal. Private credit is rising in popularity, but established asset managers are winning more than half of new deals, according to Bloomberg. These are among the must reads from the real estate investment world to kick off the holiday week.
Carson Wealth
NOVEMBER 20, 2023
Three weeks ago, stocks were down 10% from their late-July highs and most market pundits were predicting more pain to come. Although we at Carson didn’t see it that way, as discussed in this Weekly Market Commentary in real time, it was an uncomfortable period for most investors. Stocks continued to climb last week, as the year-end rally we’ve been expecting takes shape.
Wealth Management
NOVEMBER 20, 2023
Americans outside the wealthiest quintile have run out of extra savings generated early in the pandemic and now have less cash on hand than they did when the pandemic began, according to Fidelity Investments.
Clever Girl Finance
NOVEMBER 20, 2023
Are you searching for new ways to make extra income? Let us introduce you to reselling and give you ideas on the best items to resell! In this article, we’ll discuss where to find items (some are right in your own house!) and where to sell them as well. Table of contents How does reselling work? Why reselling for cash is a great idea The 17 best items to resell for a profit Expert tip: Determine what items sell best 5 Ideas for where to find items for resale Where to list items for resale?
Speaker: Ashley Harlan, MBA
What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.
Wealth Management
NOVEMBER 20, 2023
Jed Finn was closely involved in helping integrate the Smith Barney brokerage business that Morgan Stanley purchased from Citigroup Inc.
Advisor Perspectives
NOVEMBER 20, 2023
Advisors who set up recurring withdrawals at TD need to beware. With the transition to Schwab, those scheduled January withdrawals will take effect in December instead.
Wealth Management
NOVEMBER 20, 2023
A 5.4% bump in the standard deduction and a boost to 401(k) contribution limits are among the tweaks to account for inflation.
Integrity Financial Planning
NOVEMBER 20, 2023
One way of thinking about retirement is that it happens in phases. The length of each phase and the strategies for each are going to differ from person to person, but this can be a helpful way to break down a very complex topic. We’re going to break down each one of the phases and explain some important financial moments in each. Phase 1: Pre-retirement (Approximately Ages 50-62) This is around the age when you will start to have a sense of what you have saved and what your expenses might look l
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.
Darrow Wealth Management
NOVEMBER 20, 2023
If you think retirement planning moves stop at retirement, think again. For high earners, converting an IRA to a Roth IRA while you’re still working could be the worst time of all. Although it won’t make sense in every situation, retirement can be a unique opportunity for Roth conversions for some investors. Particularly for individuals who are holding a lot of cash or have proceeds from a windfall such as the sale of a business, a multi-year Roth conversion strategy is worth conside
Wealth Management
NOVEMBER 20, 2023
The SEC is expected, possibly by mid-January or sooner, to green-light ETFs that will buy and sell Bitcoin—after a decade of rejecting such applications.
Calculated Risk
NOVEMBER 20, 2023
Notes: The expansion to the Panama Canal was completed in 2016 (As I noted several years ago ), and some of the traffic that used the ports of Los Angeles and Long Beach is probably going through the canal. This might be impacting TEUs on the West Coast ( recently the drought in Panama has slowed canal traffic ). Container traffic gives us an idea about the volume of goods being exported and imported - and usually some hints about the trade report since LA area ports handle about 40% of the nati
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