Abnormal Returns
FEBRUARY 6, 2024
Markets A look at Magnificent Seven valuations. (ft.com) Nvidia ($NVDA) has added some $500 billion market cap in just six weeks or so. (markets.businessinsider.com) Newsletter writers are bullish. (allstarcharts.com) Strategy A long term look at bond yields vs. stock yields. (morningstar.com) What kind of investor are you? (behaviouralinvestment.com) How to pick a proper investment benchmark.
Nerd's Eye View
FEBRUARY 6, 2024
Welcome everyone! Welcome to the 371st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is David Savir. David is the Co-Founder and CEO of Element Pointe Family Office, a Fee-Only RIA based in Miami, Florida that oversees almost $1.6 billion in assets under advisement for 50 client households. What's unique about David, though, is that through his 8 years building Element Pointe and focusing exclusively on high and ultra-high-net-worth clients, he and his partner Ca
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Abnormal Returns
FEBRUARY 6, 2024
Quant Academic research can inform, but saying it 'proves' something stretches credulity. (morningstar.com) There are more problems in academic finance than just p-hacking. (mathinvestor.org) A round-up of recent research white papers including 'Long-Term Private Equity Performance: 2000 to 2023.' (bpsandpieces.com) Active management Institutional investors do a better job buying stocks than selling them.
The Big Picture
FEBRUARY 6, 2024
The transcript from this week’s, MiB: Tom Hancock, GMO Focused Equity , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is Masters in business with Barry Ritholtz on Bloomberg Radio. 00:00:10 [ Barry Ritholtz ] This week on the podcast, I have an extra special guest.
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.
Advisor Perspectives
FEBRUARY 6, 2024
As advisors are striving for that truly personal touch with their clients (and how much more personal can you get than eye-to-eye), there is increased interest in more in-person prospecting events. My guest today will discuss how he and his team have unlocked the power of seminars, giving advisors and firms opportunities to make a lasting impression and turn intrigued prospects into clients.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
A Wealth of Common Sense
FEBRUARY 6, 2024
Vanity Fair ran a cover story last week about the new Apple Vision Pro: I suppose Tim Cook could have looked a little happier in this picture, but the aesthetics of the Vision Pro are not why you buy it. These things are going to look cringe for a while until we all get used to people wearing tech-laced ski goggles on their faces in public. What matters is the functionality once you’re inside this new world.
Wealth Management
FEBRUARY 6, 2024
The “Investor Choice Act” would prohibit b/ds and advisors from mandating client arbitration. Additionally, PIABA and other investor advocates are pressuring the SEC to ban the practice.
Alpha Architect
FEBRUARY 6, 2024
The following factor performance modules have been updated on our Index website. Global Factor Performance: February 2024 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Investment Writing
FEBRUARY 6, 2024
“Do I need to use the ® mark with my CFP designation”? This question spurred me to do some research on whether one must always write “CFP ®.” When I was active as a reporter, I never used the ® mark. In fact, I rarely included an interviewee’s CFP designation because space was tight. Upon doing research, I discovered that the rules for me as a reporter and blogger differ from the rules for you as a CFP certificant.
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.
Wealth Management
FEBRUARY 6, 2024
Ryan Poterack shuttered his own RIA to join Private Advisor Group’s, as part of the firm’s growing cohort of fee-only advisors.
Calculated Risk
FEBRUARY 6, 2024
Today, in the Real Estate Newsletter: ICE (Black Knight) Mortgage Monitor: "Positive Signs in Housing, Mortgage Markets" Brief excerpt: There have been very few low credit score mortgage originations. During the housing bubble, many of the low credit score loans were made through the private-labeled securities market. • In the absence of any meaningful private-labeled securities market, the rise in FHA delinquencies is worth watching, as FHA and VA loans can be early indicators of broader mortga
Wealth Management
FEBRUARY 6, 2024
Wealthspire Advisors’ Mike LaMena reveals the secret to building a national RIA with a single identity that empowers advisors to bring their “personal brand” and credibility to local communities and niche markets.
Calculated Risk
FEBRUARY 6, 2024
From the NY Fed: Credit Card and Auto Loan Delinquencies Continue Rising; Notably Among Younger Borrowers The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The report shows total household debt increased by $212 billion (1.2%) in the fourth quarter of 2023, to The report is based on data from the New York Fed’s nationally representative Consumer Credit Panel.
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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.
Wealth Management
FEBRUARY 6, 2024
The world’s second-largest asset manager added artificial intelligence to four so-called factor-based funds about a year ago just as the ChatGPT frenzy seized global markets.
The Irrelevant Investor
FEBRUARY 6, 2024
Today’s Animal Spirits is brought to you by YCharts: See here for YCharts research on the best-performing ETFs of 2023 See here to register for the Future Proof Retreat in March! On today’s show, we discuss: Big tech stocks find little room for error after monster run US winning world economic war America Powers On via Goldman Sachs Why Tim Cook is going all in on the Apple Vision Pro GDPNow real GDP estimate.
Wealth Management
FEBRUARY 6, 2024
New Exec Ed Stober will work to develop relationships within the nascent family office / CPA structure.
Million Dollar Round Table (MDRT)
FEBRUARY 6, 2024
By Mike Beirne, Round the Table editor To get on an underwriter’s good side, submit an application that gives them a full picture of the client. “If there is full disclosure on something, and a good field agent stated, ‘We saw this issue; we’ve addressed it; this is the answer,’ then that helps the underwriter get to their answer quicker and there’s less pushback,” said Curtis Keehr, director of life underwriting at Prudential Financial.
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
Wealth Management
FEBRUARY 6, 2024
The next three months will prove critical in figuring out which of the new funds will be made available to the company’s clients, says LPL's Rob Pettman.
Advisor Perspectives
FEBRUARY 6, 2024
Here are seven uncommon marketing tactics that were hyper-successful for the firms that used them.
Wealth Management
FEBRUARY 6, 2024
The Equity Design Group team cited consolidation at Osaic as one of the reasons for jumping to LPL.
Calculated Risk
FEBRUARY 6, 2024
Notes: This CoreLogic House Price Index report is for December. The recent Case-Shiller index release was for November. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: Job Growth Continues to Drive Annual Home Price Gains in December, CoreLogic Reports • Annual U.S. home price growth was 5.5% in December 2023 , the highest rate of appreciation recorded since January 2023. • Year-over-year U.S. home prices have recorded annual gains since
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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.
Random Roger's Retirement Planning
FEBRUARY 6, 2024
Over the last couple of months there started to be more pundit sentiment that investors needed to add duration in the fixed income sleeve of their portfolios in belief that the shortest of rates had peaked, would start going down leading to the yield curve breaking out of its inversion and then intermediate and longer term yields would start working lower too.
Wealth Management
FEBRUARY 6, 2024
This earnings season has produced results ranging from stellar to disappointing. That’s how diversification works.
Calculated Risk
FEBRUARY 6, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, Trade Balance report for December from the Census Bureau. The consensus is the trade deficit to be $62.3 billion. The U.S. trade deficit was at $63.2 billion in November.
Wealth Management
FEBRUARY 6, 2024
The saying “you get out what you put in” is true for data too.
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
FEBRUARY 6, 2024
Household debt rose by $212 billion (1.23%) to $17.50 trillion in Q4 2023. All debt categories increased from the previous quarter for a second straight quarter. The increase in debt this month was largely driven by mortgage, credit card, and auto loan balances.
Wealth Management
FEBRUARY 6, 2024
Ignore the difference at your peril.
Advisor Perspectives
FEBRUARY 6, 2024
Never hesitant to rebrand an existing phenomenon, millennials and their Gen Z frenemies are admitting to having “money dysmorphia” — a feeling of insecurity around their financial situation even when the true picture reveals little cause for concern.
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