Abnormal Returns
FEBRUARY 20, 2024
Private equity Why niche private equity strategies outperform. (institutionalinvestor.com) Why private equity managers tilt toward bigger, safer investments. (klementoninvesting.substack.com) Elite college endowments have outperformed for one reason - taking on more risk. (institutionalinvestor.com) Research The straightforward case for the low volatility effect.
Nerd's Eye View
FEBRUARY 20, 2024
Welcome back to the 373rd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Ben Hockema. Ben is the Founder of Illuminate Wealth Management, an RIA based in Barrington, Illinois that oversees $100M in assets under management for 55 client households. What's unique about Ben, though, is that he spent 13 years successfully working his way up the career track at a growing advisory firm, starting as an intern and eventually making partner… only to realize within
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Abnormal Returns
FEBRUARY 20, 2024
Markets What's driving stock market returns? (awealthofcommonsense.com) Just how sticky is the $6 trillion sitting in money market mutual funds? (bloomberg.com) Strategy Joshua Brown, "When too many learn the same game and it gets very easy to both play and teach to friends, the game breaks." (downtownjoshbrown.com) Don't let any single asset distract you from your overall portfolio.
Calculated Risk
FEBRUARY 20, 2024
Today, in the Calculated Risk Real Estate Newsletter: Single Family Built-for-Rent Almost Doubled Since 2020 A brief excerpt: Along with the monthly housing starts report for January released last week, the Census Bureau also released Housing Units Started by Purpose and Design through Q4 2023. The first graph shows the number of single family and multi-family units started with the intent to rent.
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.
Alpha Architect
FEBRUARY 20, 2024
The paper aims to provide insights into the dynamics of benchmark selection, the effectiveness of Relative Performance Evaluation ( RPE ) incentivization, and the broader implications for fund performance and market competition. Self-Declared Benchmarks and Fund Manager Intent: “Cheating” or Competing? was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
FEBRUARY 20, 2024
From Matthew Graham at Mortgage News Daily: Mortgage Rates Modestly Lower To Start The Week Most mortgage lenders set rates for the first time this week on Tuesday (today) due to yesterday's holiday. In the bigger picture, rates are still very close to their highest levels in more than 2 months following a series of higher inflation readings last week. [ 30 year fixed 7.11% ] emphasis added Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortga
Carson Wealth
FEBRUARY 20, 2024
Welcome to Late February The S&P 500 fell slightly last week, and it’s fair to say the market was due. The shift comes on the heels of the index being higher 14 out of 15 weeks while gaining more than 20% over that period for the first time in history. In other words, a pause is perfectly normal. Stocks fell slightly last week, but after the S&P 500 gained more than 20% in 15 weeks, consolidation is to be expected.
Random Roger's Retirement Planning
FEBRUARY 20, 2024
Corey Hoffstein from ReturnStacked ETFs and Newfound wrote a quick blog post to support the ReturnStacked Global Stock & Bonds ETF (RSSB). RSSB leverages up to offer 100% exposure to both equities and bonds. The following graphic from his post pretty much sums up the argument. The free 10% can go toward maybe adding potential alpha or helping to smooth out the ride or whatever else an investors might come up with, maybe going hog wild with Bitcoin asymmetry.
Wealth Management
FEBRUARY 20, 2024
Armitage, who was laid off from Thrivent as part of a larger reorganization of the wealth management business, will bring her expertise to wealth management CEOs.
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.
A Wealth of Common Sense
FEBRUARY 20, 2024
A couple of weeks ago middle age got the best of me while giving my initial read on the new Apple Vision Pro. The TL;DR version is I think it’s bullish for Apple but bearish for humanity because it just means more time with a screen and less time with other people. Derek Thompson provided some more ammo for my take in a recent piece on the fact that young people aren’t hanging out as much anymore: From 2003 to.
Wealth Management
FEBRUARY 20, 2024
Ethereum prices are rising with the anticipation that spot ETFs could emerge in the space. Opportunity Zone fundraising waned in 2023, according to data from Novogradac. These are among the investment must reads we found this week for wealth advisors.
Clever Girl Finance
FEBRUARY 20, 2024
Do you know someone who takes the bus to work, makes their own lunches, and never takes luxurious vacations? Or perhaps you have a neighbor who lives in a modest house, drives an average car, and cuts their own grass? We all know people like this, and we might even be people like this who’ve achieved stealth wealth! Table of contents Stealth wealth meaning Expert tip: Follow your own path to achieve stealth wealth What is meant by stealth wealth?
Wealth Management
FEBRUARY 20, 2024
BUNKR co-founder and CEO Kurt Long talks about the evolution of the wealth management space and how the relationship between advisor and client is becoming tighter.
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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.
Million Dollar Round Table (MDRT)
FEBRUARY 20, 2024
By Jack Stone, Cert PFS When I joined this profession, I was told to prepare a list of names to contact as prospects, and my friends and family should be on the list. I was reluctant, however, to include people close to me who I cared about, because I didn’t want to upset my special relationships with them and I feared rejection. Instead, I scoured around to find people who would buy my message, my service and my products.
Wealth Management
FEBRUARY 20, 2024
A Kansas federal judge said there was some overlap between the litigation and arbitration against former Edelman advisors who left for Mariner, but it wasn’t “significant enough” to justify a pause in the case.
Advisor Perspectives
FEBRUARY 20, 2024
The Conference Board Leading Economic Index (LEI) fell for a 22nd consecutive month in January as the LEI continues to signal headwinds to economic activity in the U.S. However, for the first time in the past two years, the index is no longer forecasting a recession in 2024. The index dropped 0.4% from last month to 102.7, the index's lowest reading since May 2020.
Wealth Management
FEBRUARY 20, 2024
After the bank’s asset-management arm said it was leaving Climate Action 100+, investors are questioning if this means money managers are growing fearful of anti-ESG backlash.
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
The Irrelevant Investor
FEBRUARY 20, 2024
Today’s Animal Spirits is brought to you by YCharts: See here for more information on YChart’s Advisor Pulse newsletter On today’s show, we discuss: Why Americans suddenly stopped hanging out Pods, passive flows, and punters What’s driving the stock market returns? Why not 100% equity? These teenagers know more about investing than you do Young adults are getting used to living on a financial cliff .
Wealth Management
FEBRUARY 20, 2024
Aaron Filbeck, who leads UniFi by CAIA, delves into how the CAIA association contributes to the education surrounding alternative investments.
Calculated Risk
FEBRUARY 20, 2024
Today, in the Calculated Risk Real Estate Newsletter: Lawler: Update on Invitation Homes Rental Trends A brief excerpt: From housing economist Tom Lawler: Below is a table derived from the Q4/2023 (and earlier) Earnings Release and Supplemental Information from Invitation Homes, one of the largest institutional investors in single-family rental homes.
Wealth Management
FEBRUARY 20, 2024
All eyes are on the Federal Reserve and the timing of rate cuts.
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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
FEBRUARY 20, 2024
FINRA has released new data for margin debt, now available through January. The latest debt level rose for a third straight month to $701.98 billion. Margin debt is up 0.2% month-over-month (MoM) and up 9.5% year-over-year (YoY). However, after adjusting for inflation, debt level is down 0.4% MoM and up 6.2% YoY.
Calculated Risk
FEBRUARY 20, 2024
Housing economist Tom Lawler has been sending me his predictions of what the NAR will report for almost 14 years. He has graciously allowed me to share his predictions with the readers of this blog. The table below shows the consensus for each month, Lawler's predictions, and the NAR's initially reported level of sales. Lawler hasn't always been closer than the consensus, but usually when there has been a fairly large spread between Lawler's estimate and the "consensus", Lawler has been closer.
Advisor Perspectives
FEBRUARY 20, 2024
Millions of people in the U.S. have a great offense when it comes to earning money that could provide them financial security. Yet it does not, because their defense in protecting and creating that security is gravely underperforming.
Wealth Management
FEBRUARY 20, 2024
AdvisorEngine announces it's the first company to complete an integration with the new Schwab iRebal® platform.
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!
Calculated Risk
FEBRUARY 20, 2024
From the MBA: Share of Mortgage Loans in Forbearance Decreases Slightly to 0.22% in January The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 1 basis point from 0.23% of servicers’ portfolio volume in the prior month to 0.22% as of January 31, 2024. According to MBA’s estimate, 110,000 homeowners are in forbearance plans.
Advisor Perspectives
FEBRUARY 20, 2024
Being bombarded by notifications interferes with your productivity. Here are the alerts you should skip and those notifications you can’t live without.
Calculated Risk
FEBRUARY 20, 2024
This is something I check occasionally. The Department of Transportation (DOT) reported : • Travel on all roads and streets changed by +2.2% (+5.7 billion vehicle miles) for December 2023 as compared with December 2022. Travel for the month is estimated to be 263.7 billion vehicle miles. • The seasonally adjusted vehicle miles traveled for December 2023 is 273.0 billion miles, a +2.7% ( +7.3 billion vehicle miles) change over December 2022.
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