Calculated Risk
MAY 30, 2024
The DOL reported : In the week ending May 25, the advance figure for seasonally adjusted initial claims was 219,000 , an increase of 3,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 215,000 to 216,000. The 4-week moving average was 222,500, an increase of 2,500 from the previous week's revised average.
Wealth Management
MAY 30, 2024
“We see the broad RIA community as a very attractive client base for Goldman Sachs,” according to President and COO John E. Waldron.
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Calculated Risk
MAY 30, 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 30.4% YoY, but still down almost 36% compared to April 2017 to 2019 levels. Now - on a weekly basis - inventory is up 36.5% YoY. Realtor.com has monthly and weekly data on the existing home market.
Wealth Management
MAY 30, 2024
Vanilla and Wealth.com are among the early frontrunners, but the field of contenders is increasingly crowded—and diverse.
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
Abnormal Returns
MAY 30, 2024
Markets Trading in Nvidia ($NVDA) shares dwarf other large companies. (sherwood.news) The 0DTE market just keeps growing. (ft.com) Strategy How much to allocate to private equity, if you must. (morningstar.com) Pay less attention to your investments. (timharford.com) Crypto Gemini customers are finally going to start getting their money back. (cnbc.com) Signs that a Mt.
Wealth Management
MAY 30, 2024
The founder and president of Affiliated Advisors discusses the crucial rule networking places in succession planning, navigating change and more.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
MAY 30, 2024
Portsmouth Financial Services will continue to do business under its original name, with Chairman Ray Lent and CEO Echo Chien also remaining onboard.
Calculated Risk
MAY 30, 2024
Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in April and a Look Ahead to May Sales A brief excerpt: In April, sales in these markets were up 7.6% YoY. In March, these same markets were down 10.0% year-over-year Not Seasonally Adjusted (NSA). Sales in most of these markets are down compared to January 2019.
Wealth Management
MAY 30, 2024
The Horizon Group, a team of five advisors and four branch professionals, joins Pinnacle Asset Management, an affiliated bank branch, from Truist.
Calculated Risk
MAY 30, 2024
From the BEA: Gross Domestic Product, First Quarter 2024 (Second Estimate) and Corporate Profits (Preliminary) Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2024, according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2023, real GDP increased 3.4 percent.
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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
MAY 30, 2024
Salomon & Ludwin has filed a lawsuit against former employees who launched Founders Grove Wealth Partners, claiming they breached employment contracts and stole trade secrets.
Calculated Risk
MAY 30, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Personal Income and Outlays, April 2024. The consensus is for a 0.3% increase in personal income, and for a 0.3% increase in personal spending. And for the Core PCE price index to increase 0.3%. PCE prices are expected to be up 2.7% YoY, and core PCE prices up 2.8% YoY. • At 9:45 AM, Chicago Purchasing Managers Index for May.
Wealth Management
MAY 30, 2024
Mike Dolberg describes how he and the team at Apollon recognized the value of culture, partnership, and the freedom to serve clients—and how that realization ultimately drove their growth from $120 million in assets to $7.5 billion.
A Wealth of Common Sense
MAY 30, 2024
We also discussed questions about inequality, the number of credit cards one should have, the value of a low-rate mortgage, and how to pay for IVF. Further Reading: 7 Benefits of Writing The post How to Start a Newsletter appeared first on A Wealth of Common Sense.
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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
MAY 30, 2024
Bridget Venus Grimes, founder of WealthChoice and co-founder of Equita Financial Network, explains how her $90 million AUM firm uses its tech stack to help women tech workers, attorneys, founders and business owners navigate financial challenges.
Advisor Perspectives
MAY 30, 2024
The U.S. economy grew at a slower than expected pace to start off the year. Real gross domestic product increased at an annual rate of 1.3% in Q1 2024, according to the second estimate. The latest estimate is lower than the forecasted 1.6% growth and is a slowdown from the Q4 2023 GDP final estimate of 3.4%.
Wealth Management
MAY 30, 2024
Apollo’s products for individual investors are distributed through intermediaries such as bank wealth channels and registered investment advisers, and the firm doesn’t expect that to change.
Advisor Perspectives
MAY 30, 2024
The second estimate for Q1 GDP came in at 1.25%, a deceleration from 3.40% for the Q4 final estimate. With a per-capita adjustment, the headline number is lower at 0.79%, a decrease from 2.79% for the Q4 headline number.
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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.
Wealth Management
MAY 30, 2024
The latest fundraising marks the fifth iteration of the firm’s Loan Partners fund, a series that got off the ground in 2008.
Nerd's Eye View
MAY 30, 2024
Over the past couple of decades, the financial advice industry has seen a tremendous shift as the focus has evolved away from being primarily transaction-based and towards forming long-term service-based relationships with clients. Yet, one of the hurdles advicers have faced along the way is figuring out how to demonstrate the seemingly intangible value of financial planning as a service.
Wealth Management
MAY 30, 2024
Iqbal Khan, who previously had sole charge of the key wealth unit, will now also become president of the Asia Pacific region.
Advisor Perspectives
MAY 30, 2024
In spite of the highest Federal Reserve policy rates in two decades, the US economy grew about 2.5% last year, unemployment remains low and stocks are near all-time highs, leading many observers to conclude that the economy must have become less interest-rate sensitive — and probably needs permanently high benchmark rates to prevent overheating.
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.
The Better Letter
MAY 30, 2024
Welcome (or welcome back). If you’re new here, check out these TBL “greatest hits” below. Rhyming Set to Music The Index Mindset Addition By Subtraction Words to Live By If you like The Better Letter , please subscribe, share it, and forward it widely. Subscribe now Share The Better Letter Get more from Bob Seawright in the Substack app Available for iOS and Android Get the app NOTE: Some email services may truncate TBL.
Advisor Perspectives
MAY 30, 2024
The semiconductor industry is a strange field. Play your cards right, and you can turn $60 billion or so of annual revenue into a $2.62 trillion business. Do things differently, and roughly the same volume of sales might translate into $44 billion of market capitalization.
Trade Brains
MAY 30, 2024
Fundamental Analysis Of Vedanta: The mining and metals industry stands as a cornerstone of global economic development, catering to a multitude of sectors, from infrastructure to technology. Within this dynamic landscape, Vedanta emerges as a key player, renowned for its diversified portfolio encompassing zinc, lead, silver, copper, iron ore, aluminum, and oil & gas.
Advisor Perspectives
MAY 30, 2024
America’s political leaders have resorted to playing the blame game to convince voters that they are fixing the country’s trade deficit. But by going after China, they are ignoring the root of the problem – the American government’s unchecked spending – while increasing the risk of a full-blown superpower conflict.
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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.
SEI
MAY 30, 2024
Every financial decision seems to introduce new uncertainties. Moving forward confidently means addressing these challenges head on. We start with four questions.
Advisor Perspectives
MAY 30, 2024
The National Association of Realtors® (NAR) released the latest monthly data for its pending home sales index. The index slumped 7.7% in April to 72.3, its lowest level since April 2020 and more than the forecasted 1.1% decline. Pending home sales are down 7.4% from one year ago.
Inside Information
MAY 30, 2024
This issue of Inside Information represents the mission of the publication, and my mission as a writer in the profession. Each article invites our readers to rethink client service, investing and advice in new and better ways. Better? Over the years, I’ve been privileged to witness a long, positive evolution, an evolution where financial planners offered increasingly more valuable advice to their clients, and used better tools to supplement it.
Advisor Perspectives
MAY 30, 2024
In the week ending May 25, initial jobless claims were at a seasonally adjusted level of 219,000, an increase of 3,000 from the previous week's figure. The latest reading is higher than the forecast of 218,000 jobless claims.
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
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