Wealth Management
NOVEMBER 7, 2023
FMG Suite, Bento Engine, Asset-Map, Holistiplan and FP Alpha were among the companies highlighting new developments during the virtual conference.
Calculated Risk
NOVEMBER 7, 2023
From the NY Fed: Household Debt Rises to $17.29 Trillion Led by Mortgage, Credit Card, and Student Loan Balances The Federal Reserve Bank of New York's Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The Report shows total household debt increased by $228 billion (1.3%) in the third quarter of 2023, to $17.29 trillion.
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Wealth Management
NOVEMBER 7, 2023
They see a $10 trillion opportunity in the next decade, but obstacles remain to widespread use of private investments.
Abnormal Returns
NOVEMBER 7, 2023
Retail Does social media use increase stock market participation? (papers.ssrn.com) Why do individual investors converge on the same stocks? (papers.ssrn.com) Companies What is organizational capital and how does it affect returns? (alphaarchitect.com) Poor ESG scores don't prevent new share issuance. (papers.ssrn.com) Quant stuff Research shouldn't happen in a vacuum.
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Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
Wealth Management
NOVEMBER 7, 2023
Financial professionals must sell too. They’re just selling services instead of products.
Nerd's Eye View
NOVEMBER 7, 2023
Welcome back to the 358th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Veronica Karas. Veronica is a Senior Financial Advisor at CAPTRUST and works from the RIA's Lake Success, New York, office, where she oversees $360 million in assets under management for about 200 client households. What's unique about Veronica, though, is the unique 3-question approach she uses to generate referrals not only from clients, but also from centers of influence as well, and ev
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
NOVEMBER 7, 2023
From Manheim Consulting today: Wholesale Used-Vehicle Prices Decrease in October Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 2.3% in October from September. The Manheim Used Vehicle Value Index (MUVVI) dropped to 209.4, down 4.0% from a year ago. “October revealed some not-so-spooky price moves, namely a reversal of the gains that were seen during the prior two months,” said Chris Frey, senior manager of Economic and Industry Insights for Cox Automo
Wealth Management
NOVEMBER 7, 2023
The SEC Chair said there’s inherent conflicts in using algorithms that optimize advisors’ profits and revenues during a conversation at SIFMA’s Public Policy Meeting.
Calculated Risk
NOVEMBER 7, 2023
The Census Bureau and the Bureau of Economic Analysis reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $61.5 billion in September, up $2.9 billion from $58.7 billion in August, revised. September exports were $261.1 billion, $5.7 billion more than August exports. September imports were $322.7 billion, $8.6 billion more than August imports emphasis added Click on graph for larger image.
Wealth Management
NOVEMBER 7, 2023
Proven strategies for financial advisors to skyrocket their business.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
Calculated Risk
NOVEMBER 7, 2023
Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in October A brief excerpt: This is the first look at several early reporting local markets in October. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.
Wealth Management
NOVEMBER 7, 2023
Shaping Wealth’s inaugural BeFi Summit sought to help advisors create meaningful connections between who clients are and who they wish to be.
Calculated Risk
NOVEMBER 7, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
Wealth Management
NOVEMBER 7, 2023
Commercial and multifamily mortgage originations fell 49% year-over-year in the third quarter, reported the Mortgage Bankers Association. New construction is pushing down apartment rents in some cities with large pipelines, according to Bloomberg. These are among today’s must reads from around the commercial real estate industry.
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.
Calculated Risk
NOVEMBER 7, 2023
From Dodge Data Analytics: Dodge Momentum Index Inches Up 1% in October The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 1% in October to 181.7 (2000=100) from the revised September reading of 180.3. Over the month, the commercial component of the DMI rose 2.0%, while the institutional component retreated 1.4%. “Heightened momentum in warehouse planning activity supported the commercial side of the Index this month, while muted education planning activity slowed th
Wealth Management
NOVEMBER 7, 2023
Jonathan Hirtle, founder and chairman of Hirtle, Callaghan & Co., has been called the “Oracle of Outsource” by Pension & Investments magazine for his work pioneering the “outsourced chief investment officer” business model for families and institutions.
Abnormal Returns
NOVEMBER 7, 2023
Markets New lows peaked awhile ago. (allstarcharts.com) Investors love ultra-short term bond ETFs. (etf.com) Private credit Another sign that the private credit business is getting frothy. (ft.com) Some cattiness in the private credit business. (bloomberg.com) Companies Private equity is getting into the short-term rental market. (wsj.com) Eleven signs of imminent management meltdown including 'conflicts of interest.
Wealth Management
NOVEMBER 7, 2023
Monday, December 04, 2023 | 3:00 PM ET
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
A Wealth of Common Sense
NOVEMBER 7, 2023
People have a hard time accepting competing ideas at the same time. Humans are averse to discomfort so when that happens our brains work really hard to reduce that feeling. Cognitive dissonance makes it difficult to see both sides of an argument. Everything is either good or bad with no middle ground. And so it is with the economy. Some people think the current economic environment stinks.
Wealth Management
NOVEMBER 7, 2023
Net new assets reported by RIAs dropped by 40% YOY, according to a Fidelity survey suggesting it may be time to consider adjusting fees and outsourcing functions.
Million Dollar Round Table (MDRT)
NOVEMBER 7, 2023
By Bruce Alexander Through their imagination, clients can create a mental picture of their future vivid enough to prompt sound financial decisions today. Astute financial advisors guide this important mental journey. Creating a view to the future Creating a clear, revealing, compelling picture of your client’s future self doesn’t happen during meetings, which take place in a logical beta brain state.
Wealth Management
NOVEMBER 7, 2023
They see a $10 trillion opportunity in the next decade, but obstacles remain to widespread use of private investments.
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.
Advisor Perspectives
NOVEMBER 7, 2023
Household debt rose by $228 billion (1.34%) to $17.29 trillion in Q3 2023. The increase in debt this month was largely driven by mortgage, credit card, and student loan balances. Mortgage balances increased to $12.14 trillion, credit card balances to $1.08 trillion, and student loan balances to $1.6 trillion.
Integrity Financial Planning
NOVEMBER 7, 2023
There are many important birthdays when it comes to retirement planning. So, as you approach your retirement, it’s crucial to have a few of these in mind as key milestones. Here are 4 important birthdays to make note of as you set up your financial future: Catch-Up Contributions Begin at Age 50 When you reach age 50, you can contribute more to your retirement accounts than you were able to when you were younger. [1] In 2023, 401(k) contributors who are age 50 and up can contribute $30,000 to the
Ron A. Rhodes
NOVEMBER 7, 2023
(As of Nov.
Random Roger's Retirement Planning
NOVEMBER 7, 2023
This post will start with a followup from yesterday's look at the apparent implosion of the Simplify Tail Risk Strategy ETF (CYA). It was down again on Tuesday, still trading well under a buck. The inception date for CYA was September 13, 2021. Just over a year ago, summer 2022, I wrote a few blog posts about the Return Stacked 60/40 Absolute Return Index.
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.
Advisor Perspectives
NOVEMBER 7, 2023
Multiple jobholders account for 5.3% of civilian employment. The survey captures data for four subcategories of the multi-job workforce, the relative sizes of which we've illustrated in a pie chart.
Trade Brains
NOVEMBER 7, 2023
Best Financial Markets to Trade : Are you looking to explore the best financial markets to trade in 2024? If yes, then don’t worry, you are at the right place. It is obvious that we may occasionally get confused in our decision-making when faced with the many different pieces of advice regarding financial planning, trading, and investments. Whether you are a novice trader or an expert trader, this article on the best financial markets to trade in 2024 will assist you in making smarter investing
Advisor Perspectives
NOVEMBER 7, 2023
The U.S. international trade in goods and services is published monthly by the Bureau of Economic Analysis with data going back to 1992 and details U.S. exports and imports of goods and services. In September, the trade deficit expanded by 4.9% to $61.54B. The latest reading was above the forecast of $59.90B.
SEI
NOVEMBER 7, 2023
How SEI Sphere® aligned its defense solutions to prevent a stealthy banking Trojan from moving beyond the front door.
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.
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