Abnormal Returns
JULY 29, 2024
Markets Commodities are back down to their lows of the year. (sherwood.news) Why forecasting is so difficult. (mrzepczynski.blogspot.com) Crypto Politicians are falling all over themselves to cater to the crypto crowd. (downtownjoshbrown.com) The U.S. government continues to move Silk Road Bitcoin. (coindesk.com) Finance Convertible bonds are having a moment this year.
Nerd's Eye View
JULY 29, 2024
Most financial advisors strive to provide excellent client care and prioritize a systematic process to maintain regular communication with their clients both on a scheduled (e.g., annual meeting) and an "on demand" basis. And while individual advisors running solo firms are often able to intuitively sense when they're delivering their best, as they grow and scale their firms, that same advisor eventually goes from individually 'owning' every client relationship to sharing the workload with first
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Abnormal Returns
JULY 29, 2024
Podcasts Josh and Michael talk with Alec Crawford, CEO of AI Risk, about the future of financial advice, how AI will be used by most advisors, and the critical role of AI cybersecurity in the financial industry (youtube.com) Michael Kitces talks with John Bowen, CEO and founder of CEG Worldwide and CEG Insights, about what makes advisory firms work.
Wealth Management
JULY 29, 2024
In his new book, the ‘father of life planning’ advocates for a broader fiduciary duty, one that extends to all institutions. Here’s how advisors play into that grand vision.
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.
Advisor Perspectives
JULY 29, 2024
Baby boomers need to be concerned about worst cases because the rest of their lives could be ruined by the next crash, and with $70 trillion at risk the stakes are high for them and their heirs. So rather than averages, let’s look at worst cases. That’s what baby boomers need to protect against.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Advisor Perspectives
JULY 29, 2024
The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of July 19th, the index was at 18.120, down 1.757 from the previous week, with 4 of the 6 components in expansion territory.
NAIFA Advisor Today
JULY 29, 2024
The award recognizes NAIFA members who achieve extraordinary professional success before age 40 and will be awarded at the combined Apex and National Leadership Conference in September 2024.
Wealth Management
JULY 29, 2024
The revamped educational platform will feature multimedia content to help advisors become more comfortable with estate planning topics.
Carson Wealth
JULY 29, 2024
The S&P 500 fell 0.8% last week, declining for the second consecutive week, but there’s still a lot of strength under the surface, as the small cap Russell 2000 Index climbed 3.5%. While we do expect continued outperformance by small caps, recent small cap strength also suggests the bull market in the S&P 500 will continue. Second quarter real GDP growth surprised to the upside coming in at 2.8% compared to a consensus expectation of 2.0%.
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 29, 2024
RIAs are especially vulnerable to the potential changes stemming from the FTC’s rule.
Calculated Risk
JULY 29, 2024
Altos reports that active single-family inventory was up 1.3% week-over-week. Inventory is now up 37.1% from the February seasonal bottom. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of July 26th, inventory was at 677 thousand (7-day average), compared to 668 thousand the prior week. This is the highest level of inventory since June 2020 ; however, inventory is still far below pre-pandemic levels.
XY Planning Network
JULY 29, 2024
So, you’ve decided to go independent and are committed to starting your RIA. Congrats! This is an exhilarating step for many soon-to-be business owners as you visualize your best life, dream practice, and ideal clients. What often gets overlooked until much later in the planning phase is registering as an investment adviser at the State or SEC level and how to prepare for that effectively.
Wealth Management
JULY 29, 2024
The eight new Ether exchange-traded funds minted following last week’s approval from the US Securities and Exchange Commission took in $1.17 billion in the four trading days ended July 26.
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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
JULY 29, 2024
From Matthew Graham at Mortgage News Daily: Mortgage Rates Start Week at 6 Month Lows Although the range has been very narrow for the past few weeks, average mortgage rates nonetheless fell to the lowest levels in more than 6 months. Top tier conventional 30yr fixed scenarios are well into the high 6's now, with our proprietary daily average at 6.81, matching the levels seen on July 15th and 18th.
Wealth Management
JULY 29, 2024
Cryptocurrency ETFs were among those posting the best returns over the last year.
Calculated Risk
JULY 29, 2024
Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family Serious Delinquency Rate Mostly Unchanged in June, Multi-family Increased Brief excerpt: Single-family serious delinquencies were mostly unchanged in June, and multi-family serious delinquencies increased again. Freddie Mac reports that the multi-family delinquencies rate increased to 0.38% in June, up from 0.36% in April, but down from the recent peak of 0.44% in January.
Wealth Management
JULY 29, 2024
How style drift and allocation decisions are clouding the picture for perpetual BDC investors.
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 29, 2024
Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in June and a Look Ahead to July Sales A brief excerpt: In June, sales in these markets were down 13.1% YoY. Last month, in May, these same markets were down 0.1% year-over-year Not Seasonally Adjusted (NSA). This was a year-over-year decrease NSA for these markets.
Wealth Management
JULY 29, 2024
Ellen Zentner will lead the new thematic and macro investing team at Morgan Stanley’s Global Investment Office starting Aug. 1.
Alpha Architect
JULY 29, 2024
Transaction costs have a first-order effect on the performance of currency portfolios. Proportional costs based on quoted bid–ask spread are relatively small, but when a fund is large, costs due to the trading volume price impact are sizable and quickly erode returns, leaving many popular strategies unprofitable. Transaction costs for asset allocation and foreign exchange markets was originally published at Alpha Architect.
Wealth Management
JULY 29, 2024
Is convergence a fad or will it define the winners and losers in the DC world?
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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 29, 2024
Clearly, managing windfall wealth requires more than financial acumen. It calls for careful planning, emotional resilience, and trusted advice. Engaging an experienced financial advisor is crucial for setting realistic lifestyle and legacy goals, understanding investment strategies, and managing risks.
Harness Wealth
JULY 29, 2024
In this guest post, Harness Tax Advisory Council member, Griffin Bridgers, J.D., LL.M. covers some of the top estate planning trends that tax advisors should be tracking during the second half of 2024. Now that the mid-point of 2024 has passed, we are faced with an environment where little has changed with respect to the wait-and-see posture of estate and wealth transfer planning.
A Wealth of Common Sense
JULY 29, 2024
Today’s Talk Your Book is brought to you by BlackRock: See here to learn more about BlackRock’s full suite of ETFs On today’s show, we discuss: Dissecting the Bitcoin ETF launch What’s popular right now within thematics The 5 pillars of Mega Forces The manufacturing and infrastructure theme Trading volume within IBIT The Ethereum ETF launch The fee war within crypto BlackRock’s house view.
Advisor Perspectives
JULY 29, 2024
For South Korea’s economy, it’s not quite a case of first in, first out. But it could be close: Despite some bullish growth forecasts, interest-rate cuts are coming.
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!
NAIFA Advisor Today
JULY 29, 2024
David McKnight is a best-selling author, dynamic speaker, and expert in the field of tax mitigation in retirement planning. He is also a keynote speaker at NAIFA's Apex and National Leadership Conference , September 19-21 at the Arizona Biltmore. Over the past 23 years McKnight has helped put thousands of Americans on the road to the zero percent tax bracket.
Advisor Perspectives
JULY 29, 2024
Six of our eight indexes on our world watch list have posted gains through July 29th, 2024. The U.S.'s S&P 500 finished in the top spot with a YTD gain of 15.20%. Tokyo's Nikkei 225 finished in second with a YTD gain of 14.95% while India's BSE SENSEX finished in third with a YTD gain of 13.16%.
Cornerstone Financial Advisory
JULY 29, 2024
Weekly Market Insights | July 29th, 2024 Down Corporate Reports Shake Investors Stocks had a mixed, see-saw week as disappointing corporate reports unsettled investors who appeared to rotate away from some leading groups in favor of other names. The Dow Jones Industrial Average picked up 0.75 percent. Meanwhile, the Standard & Poor’s 500 Index declined 0.83 percent, and the Nasdaq Composite Index dropped 2.08 percent.
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