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.
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.
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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.
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%.
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.
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.
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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.
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.
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.
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.
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.
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.
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.
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.
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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.
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.
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.
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.
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.
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
MAY 30, 2024
From the NAR: Pending Home Sales Slumped 7.7% in April Pending home sales in April fell 7.7% , according to the National Association of REALTORS®. All four U.S. regions registered month-over-month and year-over-year decreases. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – decreased to 72.3 in April.
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
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
Vanilla and Wealth.com are among the early frontrunners, but the field of contenders is increasingly crowded—and diverse.
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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.
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.
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.
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
Iqbal Khan, who previously had sole charge of the key wealth unit, will now also become president of the Asia Pacific region.
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!
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.
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
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.
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