The Big Picture
DECEMBER 19, 2024
I have been playing a lot this year with ChatGBT, and saved some of my favorites. This is one of them: Chapter 1: The Creation of the Market In the beginning, the Trader created the Market and the Economy. The Market was formless and void, and volatility was upon the face of the indices. The Spirit of Investment hovered over the trading floor. And the Trader said, “Let there be Value,” and there was Value.
Wealth Management
DECEMBER 19, 2024
The $103 billion firms deputy CIO Tom Cohn discusses Ceritys investment philosophy.
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Advisor Perspectives
DECEMBER 19, 2024
FINRA has released new data for margin debt, now available through November. The latest debt level is at $890.852 billion, the highest level since February 2022. Margin debt is up 9.3% month-over-month (MoM) and up 34.8% year-over-year (YoY). However, after adjusting for inflation, debt level is up 9.3% MoM and up 31.2% YoY.
Wealth Management
DECEMBER 19, 2024
As part of the deal, serial entrepreneur Reed Colley will join Orion from Summit as president of its technology unit.
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
DECEMBER 19, 2024
Nominal retail sales in November were up 0.69% month-over-month (MoM) and up 3.80% year-over-year (YoY). However, after adjusting for inflation, real retail sales were up 0.37% MoM and up 1.04% YoY.
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Calculated Risk
DECEMBER 19, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: At 8:30 AM ET, Personal Income and Outlays for November. The consensus is for a 0.4% increase in personal income, and for a 0.5% increase in personal spending. And for the PCE price index to increase 0.2%, and the Core PCE price index to increase 0.2%. PCE prices are expected to be up 2.5% YoY, and core PCE prices up 2.9% YoY.
Wealth Management
DECEMBER 19, 2024
Mindy and Louis Diamonds annual review is designed to provide guidance on the most impactful wealth management industry trends anticipated for 2025, including transitions, deals, compensation, private equity, the wirehouse recruiting race and more.
Calculated Risk
DECEMBER 19, 2024
From the NAR: Existing-Home Sales Elevated 4.8% in November; Post Strongest Year-Over-Year Increase Since June 2021 Existing-home sales grew in November, according to the National Association of Realtors. Sales advanced in three major U.S. regions and remained steady in the West. Year-over-year, sales climbed in all four regions. Total existing-home sales completed transactions that include single-family homes, townhomes, condominiums and co-ops improved 4.8% from October to a seasonally adjus
Wealth Management
DECEMBER 19, 2024
Flip the script about selling an RIA firm to one of celebration to share with your clients.
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.
Calculated Risk
DECEMBER 19, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 232 thousand initial claims, down from 242 thousand last week. Also at 8:30 AM, Gross Domestic Product, 3rd quarter 2024 (Third estimate). The consensus is for real GDP at 2.8% annualized, unchanged from the second estimate of 2.8%.
Wealth Management
DECEMBER 19, 2024
Captrust has acquired Virginia-based Campbell Wealth Management and St. Paul, Minn.-based TruNorth Wealth Partners.
Calculated Risk
DECEMBER 19, 2024
From the BEA: Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), and GDP by Industry, Third Quarter 2024 Real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the third quarter of 2024 , according to the "third" estimate released by the U.S. Bureau of Economic Analysis. In the second quarter, real GDP increased 3.0 percent.
Wealth Management
DECEMBER 19, 2024
F2 Strategy's co-founder provides his take on the most important wealth management technology news of the last month.
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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
DECEMBER 19, 2024
The Conference Board Leading Economic Index (LEI) increased slightly in November. The index rose 0.3% from the previous month to 99.7 after eight consecutive monthly declines.
Wealth Management
DECEMBER 19, 2024
Also, the fourth quarter became the most active quarter in history, with 78 reported deals, according to DeVoe & Company.
Advisor Perspectives
DECEMBER 19, 2024
The U.S. economy grew above expectations during the third quarter of this year. Real gross domestic product increased at an annual rate of 3.1% in Q3 2024, according to the third estimate. The latest estimate is above the forecasted 2.8% growth and is below the Q2 2024 GDP final estimate of 3.0%.
Wealth Management
DECEMBER 19, 2024
Also, the fourth quarter became the most active quarter in history, with 78 reported deals, according to DeVoe & Company.
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
Advisor Perspectives
DECEMBER 19, 2024
On Friday December 6th, the U.S. stock market pushed to the most extreme level of valuation in U.S.
Wealth Management
DECEMBER 19, 2024
The firm is seeking an injunction in Texas federal court against Roberto Ortega, alleging he accessed client information to solicit them when he left to join a new firm.
Advisor Perspectives
DECEMBER 19, 2024
Industrial production was down 0.1% in November, below economist estimates. Compared to one year ago, industrial production is down 0.9%.
Wealth Management
DECEMBER 19, 2024
David Montgomery will support Concurrents retirement plan advisors and expand the firms resources in the space.
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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.
Advisor Perspectives
DECEMBER 19, 2024
In the week ending December 14th, initial jobless claims were at a seasonally adjusted level of 220,000. This represents a decrease of 22,000 from the previous week's figure and is better than forecasts for 229,000.
Calculated Risk
DECEMBER 19, 2024
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Increased to 4.15 million SAAR in November Excerpt: The sales rate was above the consensus forecast (but close to housing economist Tom Lawlers estimate ). Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2023 and 2024.
Advisor Perspectives
DECEMBER 19, 2024
At a time when the American consumer’s resiliency has been questioned amid signs of a slowing economy, Walmart Inc. has thrived. The world’s largest retailer, famed for its discount prices but increasingly known for its pursuits in advertising and an online marketplace, is headed for its best year since 1998.
NAIFA Advisor Today
DECEMBER 19, 2024
Joe Sparacio, CLU, LUTCF, CLF , a 30-year veteran of the financial services industry and loyal member since 1991, stands as a beacon of dedication and leadership. His career, marked by stints at major firms such as Prudential Financial, MassMutual, and now National Life Group, reflects a deep commitment not just to his profession but also to its broader impact.
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
DECEMBER 19, 2024
A BlackRock Inc. fund has bought municipal debt issued earlier this year in a first-of-its-kind deal that relies exclusively on blockchain technology.
A Wealth of Common Sense
DECEMBER 19, 2024
We also hit on questions about the optimal savings rate for retirement, covered call option strategies vs. bonds, how to hedge your real estate portfolio and some investment advice for an 18 year old investor who wants to retire a multi-millionaire. Further Reading: What is the Historical Rate of Return on Housing? 1I suppose you could talk me into the land grab in the 1800s like Tom Cruise in Far & Away.
Advisor Perspectives
DECEMBER 19, 2024
Existing-home sales in the US topped a rate of 4 million in November for the first time in six months as house hunters begrudgingly accept mortgage rates above 6%.
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