Nerd's Eye View
JULY 26, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that Charles Schwab's latest RIA benchmarking study shows that firms saw significant AUM growth in 2023, thanks in part to strong equity market performance, but also thanks to organic growth initiatives that brought in additional assets from new and existing clients.
Abnormal Returns
JULY 26, 2024
The biz Spotify ($SPOT) is planning to add an even higher paid tier. (theverge.com) Is the worst over for the podcasting industry? (bloomberg.com) What's new in Overcast. (marco.org) Finance Matt Zeigler talks with Ryan Krueger, founder of Freedom Day Solutions, about his career path. (epsilontheory.com) Joe Weisenthal and Tracy Alloway talk with Rich Falk-Wallace, founder and CEO of Arcana, about building risk management tools for pod shops.
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Calculated Risk
JULY 26, 2024
Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through June 2024. CPI Shelter was up 5.1% year-over-year in June, down from 5.4% in May, and down from the cycle peak of 8.2% in March 2023. Housing (PCE) was up 5.3% YoY in June , down from 5.5% in May, and down from the cycle peak of 8.3% in April 2023.
Abnormal Returns
JULY 26, 2024
Strategy Our brains weren't built for investing. (safalniveshak.com) The small cap bounce back will make stock picking fun again. (scheplick.com) Fund management Is Vanguard, and by extension Blackrock ($BLK), getting too big for its own good? (riabiz.com) The Russell 2000 is a flawed index. (wsj.com) Manager selection is becoming more transparent. (blogs.cfainstitute.org) Companies Alphabet ($GOOGL) makes more in interest income than the majority of the S&P 500 makes in earnings.
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
Calculated Risk
JULY 26, 2024
Here is new working paper from Sylvain Leduc and Daniel J. Wilson at the Federal Reserve Bank of San Francisco Snow Belt to Sun Belt Migration: End of an Era Given climate change projections for coming decades of increasing extreme heat in the hottest U.S. counties and decreasing extreme cold in the coldest counties, our findings suggest the “pivoting” in the U.S. climate-migration correlation over the past 50 years is likely to continue, leading to a reversal of the 20th century Snow Belt to Su
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Calculated Risk
JULY 26, 2024
The BEA released the Personal Income and Outlays report for June: Personal income increased $50.4 billion (0.2 percent at a monthly rate) in June , according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes, increased $37.7 billion (0.2 percent) and personal consumption expenditures (PCE) increased $57.6 billion (0.3 percent).
Advisor Perspectives
JULY 26, 2024
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process.
Wealth Management
JULY 26, 2024
CEO Dan Arnold said the firm “can only speculate” on why other industry peers announced changes to their sweep pricing during its Q2 earnings call this week.
Advisor Perspectives
JULY 26, 2024
Personal income ( excluding transfer receipts ) rose 0.2% in June and is up 4.3% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.1% month-over-month and up 1.8% year-over-year.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.
Wealth Management
JULY 26, 2024
Firms that have developed a structure to spur organic growth, not just through acquisitions, are the most likely to retain or boost their value.
Truemind Capital
JULY 26, 2024
After a sparkling rally in Gold & Silver over the last few years, many investors have become interested in the glitter of the precious metals. Gold & Silver are up by ~23% & ~28% y-o-y (as of 30 Jun’24). In 2018, we decided to have a Gold allocation of ~15% to all our client’s portfolios owing to macroeconomic developments. What has been driving Gold & Silver prices & are these factors sustainable?
Wealth Management
JULY 26, 2024
Salesforce's Michelle Feinstein discusses the findings from the 2024 CTO Think Tank hosted at Wealth Management EDGE.
Alpha Architect
JULY 26, 2024
The shrinking pool of public companies across which active funds can diversify their holdings, increases the risk of crowding, which the research we reviewed shows negatively impacts performance. That provides yet another reason for investors to choose to avoid playing the loser’s game of active management. The Negative Impact of Crowding on Active Fund Performance was originally published at Alpha Architect.
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Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!
Wealth Management
JULY 26, 2024
Financial advisors are still bullish on the prospects for the U.S. stock market, according to WealthManagement.
Advisor Perspectives
JULY 26, 2024
I almost exclusively talk about stocks here in Dividend Digest because dividends are at the root of my strategy. But most income investing includes some level of exposure to debt.
Random Roger's Retirement Planning
JULY 26, 2024
Risk Parity has intrigued me since I first heard about it however many years ago. The very simplistic definition is weighting the assets by how much risk they have although I might argue the idea is more about weighting volatility than risk but either way. Often, in order to have the bond sleeve have the same risk (or volatility) as the equity sleeve, the bond sleeve would need to be leveraged up significantly.
NAIFA Advisor Today
JULY 26, 2024
Greg Etchison is an experienced professional in the Medicare supplement business. With a career spanning over 25 years in the healthcare industry, he also has extensive experience across major carriers. Greg is passionate about educating people about healthcare options and optimizing coverage for seniors. He is a leading voice in Medicare supplement education, guiding individuals through the complexities of healthcare.
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 26, 2024
For the first time in over three months, the S&P 500 fell for a second straight week as it finishing down 0.83% from last Friday. The index is currently up 16.10% year to date and has recorded a new all-time high 38 times this year.
Truemind Capital
JULY 26, 2024
The S&P 500 has reached record highs this year, while Japan’s Nikkei 225 index has climbed to its highest levels in three decades. Despite global uncertainties, the US and Japanese stock markets have been thriving. Through this article, let us understand the factors behind the rally and the outlook for these markets. So, what’s driving the new peaks?
Advisor Perspectives
JULY 26, 2024
Consumer sentiment dropped to an 8-month low in July according to the final report for the Michigan Consumer Sentiment Index. The index fell 1.8 points (-2.6%) from June's final reading to 68.2. The latest reading was below the forecast of 66.0.
SEI
JULY 26, 2024
Evaluate the risks, tradeoffs, and opportunities to determine the right investment team structure for your organization.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Advisor Perspectives
JULY 26, 2024
The BEA's Personal Income and Outlays report revealed inflation cooled further in June, dropping to its slowest pace in four months. The PCE price index, the Fed's favored measure of inflation, was up 0.1% from May and was up 2.5% year-over-year. Both readings were consistent with their respective forecasts.
Wealth Management
JULY 26, 2024
The court agreed that the Biden-era version of the fiduciary was structurally similar to the Obama-era rule. However, consumer advocates argue that plaintiffs are “forum-shopping” for sympathetic courts.
Advisor Perspectives
JULY 26, 2024
With the release of June's report on personal incomes and outlays, we can now take a closer look at "real" disposable personal income per capita. At two decimal places, the nominal 0.13% month-over-month change in disposable income comes to 0.06% when we adjust for inflation. The year-over-year metrics are 3.04% nominal and 0.51% real.
Carson Wealth
JULY 26, 2024
President Joe Biden withdrew from the 2024 presidential race and endorsed Vice President Kamala Harris as the Democratic nominee, although the endorsement does not necessarily mean she will win the nomination. The change in the Democratic ticket does not change our fundamental view of the election, which we discussed at length in our recently released Midyear Outlook 2024: Eyes on the Prize.
Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor
During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.
Advisor Perspectives
JULY 26, 2024
Pressure is again mounting on the proxy advisory firms that recommend how investors should vote on executive pay and other corporate matters. Regulators need to remember who should be prioritized here — investors, not company management.
Advisor Perspectives
JULY 26, 2024
San Francisco has been the subject of a lot of negative press over the past several years. It was hit hard by the pandemic exodus from cities, the shift to work from home that emptied offices, the crime and homelessness that marred its national reputation, and pledges by corporate leaders such as Elon Musk to relocate their company headquarters elsewhere.
Advisor Perspectives
JULY 26, 2024
The big story making the rounds this summer is the spike in the small-cap Russell 2000 since the release of the latest Consumer Price Index (CPI) report, which shocked the market by printing 0.0% month-over-month in June.
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