Abnormal Returns
DECEMBER 14, 2023
Markets Some data matters more than others for the stock market. (theirrelevantinvestor.com) All the price trends are headed in the right direction. (capitalspectator.com) Global The FTSE 100 trades around 10x earnings. (economist.com) Why Japanese retail investors are notoriously equity-averse. (ft.com) Strategy Historically the stock market recovers to all-time highs, sometimes it just takes time.
The Big Picture
DECEMBER 14, 2023
At the Money: Mutual Funds vs. ETFs with Dave Nadig, Financial Futurist for Vetta Fi (December 13, 2023) What’s the best instrument for your investments? Mutual funds or ETFs? On today’s edition of At the Money, Barry Ritholtz speaks to Dave Nadig about the pros and cons of these two investment vehicles. Listen to find out which is right for you.
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Abnormal Returns
DECEMBER 14, 2023
Books A Q&A with Kelly and Zach Weinersmith co-authors of "A City on Mars: Can We Settle Space, Should We Settle Space, and Have We Really Thought This Through?" (insidehook.com) An excerpt from "The Greatest Capitalist Who Ever Lived: Tom Watson Jr. and the Epic Story of How IBM Created the Digital Age" by Ralph Watson McElvenny and Marc Wortman.
A Wealth of Common Sense
DECEMBER 14, 2023
A reader asks: Ben in your recent blog post you said $1M investable wealth makes you rich. I would like to provide a counterargument to that. When you retire, $1M basically gives you $40,000 per year to live off of, assuming the 4% rule of thumb is a reasonable starting point to think about retirement income. So is $40k spend a year really rich? I would argue that it is middle class at best; probably lower middle class.
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Wealth Management
DECEMBER 14, 2023
New to the U.S. market, Capitaliz has rolled out a set of valuation tools for advisors working with business-owner clients.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
DECEMBER 14, 2023
Lincoln National Corp. is shedding its two broker/dealers and RIAs in a deal that adds about 1,450 advisors and $108 billion in assets to Osaic's network.
Trade Brains
DECEMBER 14, 2023
Top Indian Stocks held by BlackRock : BlackRock is a global Investment firm incorporated in The United States in 1999. The firm has a presence in 36 countries with clients across the Americas, Europe, Asia, Australia, and EMEA. The Company is an Investment manager to Individuals, Educational and non-profit Organizations, Pension Funds, Insurance Companies, and governments.
Wealth Management
DECEMBER 14, 2023
The deal with New England Pension Plans Systems is Edelman Financial Engine's largest acquisition since 2021.
NAIFA Advisor Today
DECEMBER 14, 2023
NAIFA 2023 President Bryon Holz , CLU, ChFC, LUTCF, CASL, LACP, and 2024 President Tom Cothron , LUTCF, FSCP, cut the ribbon on NAIFA's new national headquarters in Arlington, VA, in early December. Also participating in the ceremony were NAIFA Past Presidents Tom Michel , LACP, CLTC, and Larry Holzberg , LUTCF, LACP.
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.
Wealth Management
DECEMBER 14, 2023
Steve Lockshin, founder of AdvicePeriod, Vanilla, and others, offers a unique perspective on how an advisor’s entrepreneurial DNA can drive their ability to serve clients and grow untethered, particularly in the independent space.
Calculated Risk
DECEMBER 14, 2023
On a monthly basis, retail sales were down 0.1% from October to November (seasonally adjusted), and sales were up 4.1 percent from November 2022. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for November 2023, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $705.7 billion, up 0.3 percent from the previous month , and up 4.1 percent above November 2022.
Wealth Management
DECEMBER 14, 2023
Envestnet paid about $590 million for Yodlee in 2015.
Calculated Risk
DECEMBER 14, 2023
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report: Weekly Housing Trends View — Data Week Ending December 9, 2023 • Active inventory increased, with for-sale homes 4.0% above year ago levels. Active listings in the past week grew by 4.0% above the previous year, the 5th straight week of annual growth. However, active listings are still declining seasonally, with listings down 1.1% compared with the previous week and down 4.2% compared to the late se
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
Wealth Management
DECEMBER 14, 2023
Williams, a former Chicago Bulls basketball player who was the second overall pick in the 2002 NBA draft, co-founded Simatree, a strategic advisory firm focused on data, analytics and technology consultation.
Dear Mr. Market
DECEMBER 14, 2023
Dear Mr. Market: Can you imagine how you would be feeling if you had acted upon the advice from all the doom and gloomers the past year? How some of these financial “gurus” and economic pundits still have an audience is fascinating!?! Want to know why they still have a platform and hold many people’s attention? Fear sells. That’s it.
Wealth Management
DECEMBER 14, 2023
Heather Fortner brings leadership and authenticity to her role as CEO at SignatureFD.
Advisor Perspectives
DECEMBER 14, 2023
In the week ending December 9, initial jobless claims were at a seasonally adjusted level of 202,000, a decrease of 19,000 from the previous week's revised figure. The latest reading is lower than the forecast of 220,000.
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.
Wealth Management
DECEMBER 14, 2023
Silicon Valley Wealth Advisors and Hall Private Wealth Advisors represent Allworth's sixth and seventh deals of 2023 and mark its entry into Southern California.
Advisor Perspectives
DECEMBER 14, 2023
Month-over-month nominal retail sales in November were up 0.3% and up 4.09% year-over-year. However, after adjusting for inflation, real retail sales were up 0.2% MoM and up 0.94% year-over-year.
Wealth Management
DECEMBER 14, 2023
The MAX S&P 500 4X Leveraged ETNs, which launched last week with the eye-catching XXXX ticker, promise to quadruple the daily returns of the benchmark index.
Advisor Perspectives
DECEMBER 14, 2023
The Census Bureau's Advance Retail Sales Report for November revealed a 0.3% increase in headline sales compared to October, highlighting a rebound to consumer spending after October's brief dip in sales. The latest figure was higher than the anticipated 0.1% monthly decline. Core sales (ex Autos) beat expectations by increasing 0.2% in November compared to the expected 0.1% decline.
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.
Trade Brains
DECEMBER 14, 2023
Suraj Estate Developers IPO Review: India’s real estate sector is booming due to an increasing population, urbanization, and business interest from around the world. This growth presents a promising investment opportunity. This investment opportunity has presented itself in the form of an IPO of Suraj Estate Developers Limited. The IPO will open for subscription on December 18, 2023 and close on December 20, 2023.
Calculated Risk
DECEMBER 14, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, The New York Fed Empire State manufacturing survey for December. The consensus is for a reading of 3.5, down from 9.1. • At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for November.
Advisor Perspectives
DECEMBER 14, 2023
Biodiversity is an emerging, and increasingly important, issue for managers to consider in investment management. To date, we have found that due to limited data, tools and knowledge, the integration of biodiversity factors in investment research remains limited. Within the investment community, calls are growing to measure the impact and dependencies on biodiversity in portfolios.
Calculated Risk
DECEMBER 14, 2023
Today, in the Calculated Risk Real Estate Newsletter: The Coming Fed Rate Cuts and the Impact on Mortgage Rates A brief excerpt: Following the FOMC meeting, Goldman Sachs economists wrote: The soft PPI report on Tuesday morning combined with downward revisions to prior months implies that core PCE inflation was only 0.07% month-on-month and—as Chair Powell noted in the press conference—only 3.1% year-on-year in November.
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
DECEMBER 14, 2023
US retail sales unexpectedly picked up in November as lower gasoline prices allowed consumers to spend more to kick off the holiday shopping season.
Calculated Risk
DECEMBER 14, 2023
The DOL reported : In the week ending December 9, the advance figure for seasonally adjusted initial claims was 202,000 , a decrease of 19,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 220,000 to 221,000. The 4-week moving average was 213,250, a decrease of 7,750 from the previous week's revised average.
Advisor Perspectives
DECEMBER 14, 2023
Becoming a financially secure adult is hard. Establishing yourself in your career, securing a home, starting a family … it’s a struggle as old as the modern economy, maybe even civilization itself. As is the lament of every generation that they have it worse than their forebears.
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