The Big Picture

JUNE 27, 2024

I’ve been observing how radically unusual various sentiment readings have been for a few years now. It made little sense to me that the post-pandemic era saw sentiment levels far below major dislocations such as the ‘87 crash, the 9/11 terrorist attacks, the Dotcom implosion, or the 08-09 great financial crisis. We have tried to identify the causal factors by considering social media , increases in partisanship , ignorance, even trolling of pollsters.

Economics 321

Economics Budgeting Sales Media 321

Abnormal Returns

JUNE 27, 2024

Markets By this measure, the stock market is at record-high concentration. (axios.com) It's been awhile since we had a 2% stock market drop. (carsongroup.com) Strategy Investing is planning. (mrzepczynski.blogspot.com) Why you shouldn't care what other investors or the markets are doing. (safalniveshak.com) Companies Monster Beverage ($MNST) is unique not only for its stock performance.

Financial Advising 278

Financial Advising Startup Valuation Manufacturing 278

Nerd's Eye View

JUNE 27, 2024

The practice of asking questions has always been an integral part of the financial planning process. In the early days of the advicer industry, those questions almost exclusively dealt with facts around a client's or prospect's financial situation to determine (ultimately) what products the adviser should recommend. However, given the industry's ongoing transition away from being primarily transaction-focused and towards being relationship-based, advicers have had to learn how to develop meaning

Clients 184

Clients Financial Planning Communication Planning 184

Abnormal Returns

JUNE 27, 2024

Books Annie Duke talks with Christopher Wong Michaelson abd Jennifer Tosti-Kharas, co-authors of "Is Your Work Worth It? How to Think About Meaningful Work." (annieduke.substack.com) A Q&A with Talia Sharot, co-author of "Look Again: The Power of Noticing What Was Always There." (npr.org) Insights from Rachel Somerstein's new book, "Invisible Labor: The Untold Story of the Cesarean Section.

Recruitment 183

Recruitment 183

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.

Accounting

A Wealth of Common Sense

JUNE 27, 2024

A reader asks: I was listening to WAYT and Josh mentioned and Michael seemed to agree that the small cap premium no longer exists (since the 1980s). I was hoping that this question can be discussed and dissected: What is this premium? Why doesn’t it exist anymore? How do you know? Is it still worth being owning small caps? My uneducated opinion was that small caps historically performed on par, if not better, than t.

Asset Allocation 138

Asset Allocation Assets Marketing Marketing 138

Wealth Management

JUNE 27, 2024

The Yarza Group will work out of Snowden Lane’s office in Coral Gables, Florida. The team boosts the firm’s AUM to $13 billion.

110

110

Advisor Perspectives

JUNE 27, 2024

The National Association of Realtors® (NAR) released the latest monthly data for its pending home sales index. The index fell 2.1% in May to 70.8, its lowest level in the history of the series. Pending home sales are down 6.6% from one year ago.

Sales 105

Sales 105

Wealth Management

JUNE 27, 2024

Duncan MacPherson from Pareto Systems offers actionable advice for financial advisors looking to unlock greater value in all that they do to build their business.

Financial Advisor 105

Financial Advisor 105

Trade Brains

JUNE 27, 2024

Praj Industries: Imagine a company that’s not just about building, but about building a better tomorrow. They’re the engineers who can design a brewery that produces your crafted beer, but also ensure wastewater from the process. Meet Praj Industries the green guardian, a forward-thinking company which provides sustainable solutions. Praj Industries are a unique blend of innovators and environmental stewards.

Engineering 102

Engineering Marketing Marketing Commission 102

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.

Accounting

Wealth Management

JUNE 27, 2024

Martin Marron, who had led the international private bank since 2021, has been named head of wealth-management solutions.

Banking 104

Banking Wealth Management Management 104

Advisor Perspectives

JUNE 27, 2024

FedEx Corp. dropped a bomb on the market Tuesday afternoon with the announcement that it will do an “assessment” of its freight unit. Investors seemed to like the move, pushing up the shares as much as 15%, on the possibility of a windfall and a more pure-play package delivery and logistics company.

Marketing 98

Marketing Marketing 98

Wealth Management

JUNE 27, 2024

Mariner is suing three advisors who recently left to join Savvy Wealth's RIA affiliate. In the suit, Mariner argues Savvy poaches books of business without “regard to contractual obligations.

Assets 104

Assets Clients 104

Advisor Perspectives

JUNE 27, 2024

The US government’s finances keep looking worse. The latest Congressional Budget Office projections suggest that it will need to borrow an added $400 billion this year to cover its budget deficit — and trillions more over the next decade.

Budgeting 98

Budgeting Government 98

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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.

Accounting

Wealth Management

JUNE 27, 2024

Enacting corporate strategies and initiatives that foster an environment where women professionals can succeed is not complex, but it must be intentional, actionable and measurable.

Investing 103

Investing Investments 103

Carson Wealth

JUNE 27, 2024

Have you ever thought about the possibility of living past the age of 100? It may seem unattainable, but you should probably plan for it – just in case. There are currently about 722,000 centenarians in the world, and it’s predicted that by 2050 that number will rise to 4 million. 1 With ever-increasing life expectancies, it’s no wonder 63% of American adults say they’re more afraid of running out of money in retirement than they are of death. 2 That’s why it’s vitally important to consider lo

Retirement 97

Retirement Budgeting Healthcare Risk Tolerance 97

Wealth Management

JUNE 27, 2024

UBS will create a new unit — dubbed GWM Solutions — that will bring various wealth offerings under one roof. Michael Camacho is also joining UBS from JPMorgan to lead wealth management in the U.S.

Wealth Management 101

Wealth Management Management 101

Random Roger's Retirement Planning

JUNE 27, 2024

Taylor Pearson and Jason Buck from Mutiny Funds and managers of The Cockroach Portfolio had a short podcast about sequences of returns that is worth listening to. Toward the end, Taylor had a fascinating comment that what they are trying to do is "reduce the impact of luck" and Jason reiterated the point to say "reduce the opportunity that bad luck can hurt us.

Assets 95

Assets Portfolio Clients Taxes 95

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

Numbers

Wealth Management

JUNE 27, 2024

Wednesday, July 24, 2024 | 2:00 PM Eastern Daylight Time

Clients 98

Clients Marketing Marketing 98

Calculated Risk

JUNE 27, 2024

From the Las Vegas Visitor Authority: May 2024 Las Vegas Visitor Statistics With festivals such as EDC, coupled with convention attendance ahead of last year, May saw the destination host more than 3.6M visitors, showing a healthy 4.6% YoY gain for the month. Among the churn of rotational shows, Waste Expo returned to Las Vegas in May (14k attendees, last here in May 2022), and the destination hosted the Advanced Clean Transportation (ACT) Expo for the first time (10k+ attendees).

Transportation 80

Transportation 80

Wealth Management

JUNE 27, 2024

Duncan MacPherson from Pareto Systems offers actionable advice for financial advisors looking to unlock greater value in all that they do to build their business.

Financial Advisor 98

Financial Advisor 98

Calculated Risk

JUNE 27, 2024

The DOL reported : In the week ending June 22, the advance figure for seasonally adjusted initial claims was 233,000 , a decrease of 6,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 238,000 to 239,000. The 4-week moving average was 236,000, an increase of 3,000 from the previous week's revised average.

78

78

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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.

Planning

Wealth Management

JUNE 27, 2024

A $580 million team based in Dallas is joining NewEdge Advisors from J.P. Morgan. Last week, a $540 million team joined NewEdge from Carson Wealth.

98

98

Calculated Risk

JUNE 27, 2024

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Personal Income and Outlays, May 2024. The consensus is for a 0.4% increase in personal income, and for a 0.3% increase in personal spending. • At 9:45 AM: Chicago Purchasing Managers Index for June. • At 10:00 AM: University of Michigan's Consumer sentiment index (Final for June).

Management 72

Management 72

Wealth Management

JUNE 27, 2024

The First Summit team includes managing partners Thomas J. Cooney and Mark Freed, a former Major League Baseball pitcher.

Recruitment 97

Recruitment Management 97

Calculated Risk

JUNE 27, 2024

What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For April, Realtor.com reported inventory was up 35.2% YoY, but still down almost 34% compared to April 2017 to 2019 levels. Now - on a weekly basis - inventory is up 36.1% YoY. Realtor.com has monthly and weekly data on the existing home market.

Sales 69

Sales Numbers Marketing Marketing 69

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!

Management

Wealth Management

JUNE 27, 2024

The 6-3 decision deals a blow to an administrative system the SEC once used to adjudicate more than 100 cases a year before scaling back amid legal challenges.

97

97

Calculated Risk

JUNE 27, 2024

Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 2.3% Below Peak Excerpt: It has been 18 years since the bubble peak. In the April Case-Shiller house price index released on Tuesday, the seasonally adjusted National Index (SA), was reported as being 73% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 10% above the bubble peak (and historically there has been an upward slope to real house prices).

69

69

Wealth Management

JUNE 27, 2024

The new additions include Jennifer Geoghegan, who previously served as The Colony Group’s first chief marketing officer, and Tony Ling, a former managing director at private equity firm Corsair Capital.

Management 89

Management Marketing Marketing 89