Fri.Aug 23, 2024

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Podcast links: fading dominance

Abnormal Returns

The biz Apple ($AAPL) is losing its dominance as a podcast player. (bloomberg.com) Apple has launched a web app for podcasts. (theverge.com) The story of how Alex Cooper of “Call Her Daddy” fame went from unemployed to a nine-figure deal with SiriusXM. (readtrung.com) How Stephen West's 'Philosophize This' podcast became a hit. (substack.com) Nate Silver Jeff Ma and Rufus Peabody talk with Nate Silver author of "On the Edge.

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Weekend Reading For Financial Planners (August 24-25)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a new study indicates that while financial advisory firms are largely satisfied with their tech stacks, they take a range of approaches to applying tech: from "innovators" that invest in tech to differentiate themselves from their competition and to enhance the client experience to "operators" that invest in technology largely to improve operations and internal efficiency

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Friday links: a time to adjust

Abnormal Returns

Markets Nvidia ($NVDA) is larger than all countries, except four. (allstarcharts.com) It's now or never to lock in CD rates. (sherwood.news) Global The Tokyo Stock Exchange is not messing around. (morningstar.com) How New Zealand (successfully) manages its sovereign wealth fund. (ft.com) EVs EVs made up 8% of sales in Q2. (coxautoinc.com) Ford ($F) is backtracking on big EV SUVs and doubling down on hybrids.

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MiB: Ricky Sandler, Eminence Capital

The Big Picture

This week, we speak with Ricky Sandler , the chief investment officer and the founder of Eminence Capital. Today, Eminence is a $7B global investment management organization. Sandler came to prominence as a savvy long/short investor and Eminence continues to successfully run several different Long/Short portfolios. Prior to launching Eminence, Ricky was co-founder and co-general partner of Fusion Capital Management, LLC.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

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Chasing Star Fund Manager Performance

A Wealth of Common Sense

In December 2020 I wrote a short history of chasing the best performing funds. At the time, Cathie Wood’s ARK Innovation fund was on fire, absolutely destroying the market: Wood quickly became one of the most famous fund managers alive. She was in the headlines every day. Her stock picks and pronouncements about the future were reported by every financial media publication in the country.

More Trending

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Farewell Mint: Top Budgeting Apps to Try Now

Dear Mr. Market

Dear Mr. Market: Budgeting apps play a vital role in helping us keep track of our spending, save for future goals, and maintain control over our financial health. With the retirement of Mint, many are left wondering which tool to turn to next to stay on top of their financial game. The sun has set on Mint, and for many of us, it feels like a beloved companion has gone away.

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The WealthStack Podcast: The Post-Merger Playbook

Wealth Management

Verity Larsen, Founder and CEO of Versoft Consulting, discusses key strategies for a seamless post-deal integration strategy.

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Big Tech Dominance Is Forcing Index Superpowers to Rethink Rules

Advisor Perspectives

The Big Tech boom is causing headaches for all-powerful index providers on Wall Street, who can send billions of benchmark-tracking dollars on the move with just a stroke of the pen.

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Succession Planning In the Wake of New FTC Regulations

Wealth Management

Martin M. Shenkman and Joy Matak discuss the business succession planning challenges created by a new rule that restricts the use of non-compete agreements.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Evergreen Private Equity Funds Attracting Assets

Alpha Architect

Evergreen funds are a relatively new concept in the private equity (PE) world compared to traditional closed-end funds. They were introduced to address the negatives of the traditional way to invest in private equity which had been in the form of partnerships. Evergreen Private Equity Funds Attracting Assets was originally published at Alpha Architect.

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Merrill Loses $400M Breakaway to Sanctuary, $438M Advisor to RBC

Wealth Management

Advisor Katie Medina and her team launch TOVA Wealth, with Sanctuary's support, while John Terrion leaves Merrill to join RBC's Boulder, Colo. office.

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Do you want an honest opinion or flattery?

Truemind Capital

A friend who shares her honest opinion with you is more valuable than a friend who agrees with everything that pleases you. We met a prospective client a few days ago and enlightened him about our 0% commission, conflict-free advisory model. The client deals with a wealth manager from a reputed bank. In a display of confidence, he told us how he does thorough due diligence before purchasing a product and does not completely rely upon the recommendations of his wealth manager.

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Addressing Mental Health Challenges In Estate Planning

Wealth Management

Wealthy clients may be reluctant to seek treatment.

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Back to Basics with Reconciliations

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.

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Four Warren Buffett Holdings That Also Pass His Quantitative Tests

Validea

Understanding Warren Buffett’s Investment Strategy: Validea’s Model and Top Picks Warren Buffett is renowned for his exceptional investment track record. While Buffett doesn’t publicly disclose his exact methodology, he does disclose his holdings. Validea’s Warren Buffett model is based on the fundamental criteria we have extracted from the book Buffettology written by Mary Buffett.

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WealthStack Roundup: Consultancy Launched by AI Intelligence Risk, Inc.

Wealth Management

AI boom increases demand for expertise in compliance, cybersecurity and permissioning; Edward Jones tech milestones; and CHIPS Act-related expansion in Southwest.

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Premier Energies Limited IPO – GMP, Financials and More

Trade Brains

Premier Energies Limited is coming up with its IPO fresh issue of Rs. 1,291.40 crores and offer for sale worth Rs. 1,539 crores totalling Rs. 2,830.40 crores, which will open on 27 th August 2024. The issue will close on 29 th August 2024 and be listed on the exchange on 3rd September 2024. In this article, we will look at Premier Energies Limited IPO Review and analyze its strengths and weaknesses.

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Four Mistakes to Avoid When Advising Clients on Assignments Of Equity in LLCs and LPs

Wealth Management

Many stem from failing to understand the governing agreement.

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Pricing for Profit: How to Set, Negotiate, and Succeed

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

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Derivative Income Funds Level Up

Random Roger's Retirement Planning

We spend a lot of time bagging on the Global X Covered Call ETF (XYLD) for how little upcapture it has. The above chart excludes dividends. Without the yield, the compounding is negative. Today I learned there is another variation from Global X, the Global X Covered Call & Growth ETF (XYLG). It is similar to XYLD in that it sells a very near the money, monthly call option.

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Top 10 Cities for Advisor Demand

Wealth Management

Organic growth has become a challenge for wealth managers. Advisors in these 10 cities, where demand for their services is high, may have a better chance at it.

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Treasury Yields Snapshot: August 23, 2024

Advisor Perspectives

The yield on the 10-year note ended August 23, 2024 at 3.81%, the 2-year note ended at 3.90%, and the 30-year at 4.10%.

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Tax Law Update: September 2024

Wealth Management

The most pressing tax law developments of the past month.

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Confronting the Change Challenge

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.

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Treasuries Rally as Powell Locks in Bets on a September Rate Cut

Advisor Perspectives

Treasuries rallied after Federal Reserve Chair Jerome Powell’s speech at Jackson Hole cemented expectations that the central bank will cut interest rates next month.

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How Money Messages From Divorced Parents Impact Children

Wealth Management

Suggested approaches to foster resilience.

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Five Reasons Munis May Offer Shelter in Recession

Advisor Perspectives

Although we think it's too early to declare the economy is in a recession, risk is elevated. For investors who are concerned about a recession, municipal bonds may help buffer a portfolio.

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The Financial Advisor as Quarterback

Wealth Management

A former industry insider’s perspective.

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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

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!

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Deep Value

Advisor Perspectives

Deep value stocks are currently our highest conviction long-only investment idea. For the avoidance of any doubt, when we talk about “deep value,” we simply mean stocks that are cheap, often screamingly so, relative to our appraisal of their fair value. We do not care about a “growth” or “value” label that has been assigned, sometimes seemingly arbitrarily, by one index provider or another.

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Note From the Editor: September 2024

Wealth Management

Editor in Chief Susan R. Lipp weighs in on the contents of this month's issue.

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Validea’s Top Ten Twin Momentum Stocks – August 2024

Validea

The Twin Momentum strategy looks at combining traditional price momentum with improving fundamentals to generate market outperformance. The strategy uses seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that are combined into a single fundamental momentum measure.

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