The Big Picture
AUGUST 12, 2024
I’m deep in my book writing work discussing federal debt when I see a tweet that simply epitomizes the entire genre. Full disclosure: My priors on federal debt are that I don’t know where the line of too much should be drawn, but I do know that none of the terrible things we were warned about over the past 50 years due to excess debt have come to pass.
Wealth Management
AUGUST 12, 2024
Our columnist sees the future of wealthtech in a small band of young entrepreneurs solving the “lead generation” problem.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Abnormal Returns
AUGUST 12, 2024
Fidelity Fidelity has released two technology packages for small and mid-sized RIAs. (citywire.com) Hopes are high for the Fidelity/Advyzon service offering. (riabiz.com) Altruist Altruist is shifting more clients onto its own custodian platform. (riabiz.com) The latest in financial advisortech including a look at Altruist' new product offerings. (kitces.com) Advisers Why private equity is going after retail investors: fees, high fees.
Wealth Management
AUGUST 12, 2024
Estate planning and financial planning are two peas in a pod that are becoming inextricably tied.
Speaker: Erroll Amacker
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Nerd's Eye View
AUGUST 12, 2024
In the modern era of financial advice, the advicer/client relationship is tightly centered on trust. And because of that foundation of trust, in an ideal advisor/client relationship, mistakes, disagreements, and concerns are surfaced quickly; action items are agreed and acted upon by everyone involved; and everyone feels aligned and accountable to their overall objectives.
Wealth Management
AUGUST 12, 2024
How plans, providers and advisors need to adjust to changes going on in the world.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
AUGUST 12, 2024
In a call for a class action lawsuit, Daniel Varady argues that Wells customers “received artificially and unreasonably low rates” on uninvested cash swept into deposit accounts.
Calculated Risk
AUGUST 12, 2024
The key economic report this week is July CPI to be released on Wednesday. The consensus is for a 0.2% increase in CPI, and a 0.2% increase in core CPI. The consensus is for CPI to be up 3.0% year-over-year and core CPI to be up 3.2% YoY. From BofA: We forecast headline CPI rose by 0.3% m/m in July, owing mainly to a pickup in core services inflation and energy prices.
Wealth Management
AUGUST 12, 2024
The sustained popularity of ETFs is threatening to take market share aware from separately managed accounts, according to Financial Times. The increased volatility in equities markets in recent weeks has been a boon for some parts of the bond market as investors seek safety, reports Morningstar. These are among the investment must reads we found this week for wealth advisors.
Calculated Risk
AUGUST 12, 2024
From Matthew Graham at Mortgage News Daily: Mortgage Rates Effectively Unchanged to Begin New Week Today was completely different than the previous Monday in that it was a normal, boring day with essentially no change in mortgage rates over the weekend. This could change in the coming days as important new economic reports are released. Wednesday's Consumer Price Index (CPI) is the biggest deal, but tomorrow's Producer Price Index (PPI) could play a supporting role. [ 30 year fixed 6.55% ] empha
Advertisement
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Wealth Management
AUGUST 12, 2024
The custodial platform will get access to Advyzon’s third-party asset managers, while Advyzon’s clients will be able to use Innovayte’s investment management services.
Calculated Risk
AUGUST 12, 2024
Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in July A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to July 2019 for each local market (some 2019 data is not available). This is the second look at local markets in July. I’m tracking over 40 local housing markets in the US.
Wealth Management
AUGUST 12, 2024
The sustained popularity of ETFs is threatening to take market share aware from separately managed accounts, according to Financial Times. The increased volatility in equities markets in recent weeks has been a boon for some parts of the bond market as investors seek safety, reports Morningstar. These are among the investment must reads we found this week for wealth advisors.
Abnormal Returns
AUGUST 12, 2024
Markets Callie Cox, "Your portfolio’s success depends on your behavior during the wild panics." (optimisticallie.com) Just how high did the VIX get last week? (ft.com) Media Why Apple ($AAPL) should. buy Warner Bros. Discovery ($WBD). (spyglass.org) Disney ($DIS) is not done investing in parks. (wsj.com) Matt Belloni talks with Rich Greenfield about the linear TV meltdown.
Advertisement
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
AUGUST 12, 2024
Unlike the majority of Americans, the vice presidential nominee isn’t in the market.
Advisor Perspectives
AUGUST 12, 2024
Exaggerated concerns about the viability of Social Security continue to circulate like a persistent urban legend that refuses to die. They have only intensified during the political silly season leading up to the November elections.
Wealth Management
AUGUST 12, 2024
Rose Advisors' Patrick Fruzzetti details what advisors should consider when building investment portfolios for the current market environment.
A Wealth of Common Sense
AUGUST 12, 2024
Today’s Talk Your Book is brought to you by : See here to learn more about the KraneShares Mount Lucas Managed Futures Index Strategy ETF On today’s show, we discuss: An intro to managed futures How managed futures work within a portfolio How to explain the use of managed futures to end clients How flows have been dependent on the market environment The inception of the Mount Lucas Management (MLM) Index Li.
Advertisement
Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
Carson Wealth
AUGUST 12, 2024
One of the most volatile weeks in a while saw the S&P500 rally late in the week to finish flat for the week overall. This recent patch of volatility is really quite normal, even for good years for stocks. August is known for volatility and once again, it’s living up to its reputation. The late week rebound was supported by better economic data, including some good jobs-related numbers.
Advisor Perspectives
AUGUST 12, 2024
Haidt’s The Anxious Generation documents the post-iPhone 4 explosion of anxiety and depression disorders among adolescents. Haidt calls the substitution of screen time for play “The Great Rewiring” of young brains that is directly responsible for the dramatic increase in adolescent mental health disorders.
Norman Marks
AUGUST 12, 2024
I recently got into a debate with a friend (a former CAE) about whether internal audit is prevented from doing its full job because of its SOX testing demands. This seems to be a topic that won’t die – although it should!
Advisor Perspectives
AUGUST 12, 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 August 2nd, the index was at 18.418, up 2.189 from the previous week, with 4 of the 6 components in expansion territory.
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.
Alpha Architect
AUGUST 12, 2024
This article provides detailed insights into how high school financial education policies are implemented at the local level. High school financial education courses in the United States was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
XY Planning Network
AUGUST 12, 2024
In an environment where competing for and winning new clients is only getting harder, providing comprehensive financial planning isn’t enough to set you apart from the competition anymore. According to Kitces’ latest report, How Financial Planners Actually Market Their Services, for firms to be successful, marketing needs to be regarded as an ongoing and key operational component of the firm and not just something advisors do as time and resources allow.
Random Roger's Retirement Planning
AUGUST 12, 2024
The S&P 500 will double from here. Think about it. If you believe in American capitalism you know it will happen. Knowing that it will happen makes engaging in markets much easier on the nerves. I'm being kind of snarky. Oh, it will double, that's going to happen but we cannot know how long it will take and we cannot know what the path to 11000 will be.
Cornerstone Financial Advisory
AUGUST 12, 2024
Weekly Market Insights | August 12th, 2024 Stocks Fall, Speculation Slows Down. Stocks ended last week with modest losses, masking a volatile five-day trading period that saw investors embrace recession concerns and then dismiss the slow-down talk as speculation as the week progressed. The Dow Jones Industrial Average slipped 0.60 percent, while the Standard & Poor’s 500 Index ended flat (-0.04 percent).
Advertisement
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.
Advisor Perspectives
AUGUST 12, 2024
Six of our eight indexes on our world watch list have posted gains through August 12th, 2024. The U.S.'s S&P 500 finished in the top spot with a YTD gain of 12.68%. India's BSE SENSEX finished in second with a YTD gain of 10.79% while London's FTSE 100 finished in third with a YTD gain of 6.33%.
Don Connelly & Associates
AUGUST 12, 2024
It's no exaggeration to say that the initial meeting with a prospective client is a make-or-break moment that sets the tone for the relationship and determines whether it will continue in a second meeting. The initial meeting is a crucial dance between the advisor and a naturally skeptical prospect who wants to know why they should work with you. In a crowded field of financial advisors, the initial meeting presents a critical opportunity to differentiate yourself.
Advisor Perspectives
AUGUST 12, 2024
A dizzying start to August, which saw US stocks whiplashed by economic jitters, lackluster earnings and the unwinding of the global yen carry trade, has left Wall Street searching for corners of the market that may have been unfairly punished.
Advisor Perspectives
AUGUST 12, 2024
Slower employment cements the case for the Fed to start a series of rate cuts.
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
Expert insights. Personalized for you.
347 
Let's personalize your content