Wed.May 22, 2024

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NAR: Existing-Home Sales Decreased to 4.14 million SAAR in April

Calculated Risk

From the NAR: Existing-Home Sales Retreated 1.9% in April Existing-home sales receded in April, according to the National Association of REALTORS®. All four major U.S. regions posted month-over-month declines. Year-over-year, sales decreased in the Northeast, Midwest and South but increased in the West. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – slid 1.9% from March to a seasonally adjusted annual rate of 4.14 million

Sales 315
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Six Items that Could Trigger an IRS Audit

Wealth Management

Wealthy individuals with a red flag on their tax returns are more at risk.

Taxes 294
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Personal finance links: a fresh chance

Abnormal Returns

Podcasts Thomas Kopelman and Jacob Turner talk with Abby Davisson about making big life decisions. (podcasts.apple.com) Barry Ritholtz talks with Jan van Eck about sectors going in and out of style. (ritholtz.com) Steve Chen talks with Robert Brokamp about retirement planning and purpose. (newretirement.com) Retirement Don't let too risky a portfolio ruin your retirement.

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Alto Launches Marketplace for 'Difficult-to-Access' Private Investments

Wealth Management

Ranging from whiskey to venture capital funds, the Alto Marketplace focuses on “true alternative assets” with long-term holds.

Investing 293
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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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Navigating The FTC’s Ban On (Most) Non-Competes: The New World Of Partnerships And Non-Solicits 

Nerd's Eye View

Non-compete clauses are common features of employment agreements around the business world and are often used to dissuade companies from 'poaching' another's employees, and/or to prevent employees (at least for a certain time period) from taking the knowledge gained from working at one company to a competitor. Which can allow companies to protect the 'investments ' they have made in their employees and maintain continuity amongst their staff.

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The Word on WealthTech for May 2024

Wealth Management

F2 Strategy's co-founder and CEO provides his take on the most important wealth management technology news of the last month.

More Trending

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Report: Half of U.S. Adults 61-65 Have Already Retired

Wealth Management

Nearly a third of them are still providing financial support to adult-age children and extended family members.

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AIA: Architecture Billings Decline in April; Multi-family Billings Decline for 21st Consecutive Month

Calculated Risk

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: ABI April 2024: Pace of billings decline at architecture firms slows slightly While the AIA/Deltek Architecture Billings Index (ABI) score for the month rose from 43.6 in March to 48.3 in April , it indicates that billings continued to decline at the majority of firms (a score below 50 indicates declining billings).

Clients 217
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AlphaCore Adds Head of Corporate Development From Focus Financial

Wealth Management

Aidan Walsh is the latest hire at the firm staked by Constellation Wealth Capital.

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NAR: Existing-Home Sales Decreased to 4.14 million SAAR in April; Median House Prices Increased 5.7% Year-over-Year

Calculated Risk

Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 4.14 million SAAR in April Excerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2023 and 2024. Sales declined 1.9% year-over-year compared to March 2023. This was the thirty-second consecutive month with sales down year-over-year.

Sales 173
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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Is Your Client's Family Office Prepared for the Worst?

Wealth Management

A new report finds families underestimate risks and potential threats.

Clients 284
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Thursday: New Home Sales, Unemployment Claims

Calculated Risk

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 220 thousand initial claims, down from 222 thousand last week. • Also at 8:30 AM, Chicago Fed National Activity Index for April. This is a composite index of other data. • At 10:00 AM, New Home Sales for April from the Census Bureau.

Sales 162
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401(k) Real Talk Episode 107: May 22, 2024

Wealth Management

Open, honest and candid discussion about Congress' attempts to foil the DOL fiduciary rule, a Cerulli report on managed accounts, Pontera adding Stifel and more.

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FOMC Minutes: "Recent increases in inflation had been relatively broad based"

Calculated Risk

From the Fed: Minutes of the Federal Open Market Committee, April 30–May 1, 2024. Excerpt: Participants observed that while inflation had eased over the past year, in recent months there had been a lack of further progress toward the Committee's 2 percent objective. The recent monthly data had showed significant increases in components of both goods and services price inflation.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Schwab's Bernie Clark: The First Trillion Dollar RIA Is Coming

Wealth Management

As RIAs continue to consolidate, the industry will soon see a $1 trillion AUM firm emerge, Clark predicted at Schwab’s Institutional Investor Day.

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Two Words Advisors Use to Deepen Client Relationships

Advisor Perspectives

There are two words financial advisors don’t say enough. “I’m sorry.

Clients 116
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LPL Recruits $4.6B OSJ from Lincoln

Wealth Management

Pilot Financial, which has 105 advisors, joins LPL as an office of supervisory jurisdiction, following Lincoln's sale to Osaic.

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Existing Home Sales Fall 1.9% in April

Advisor Perspectives

Existing home sales fell for a second straight month in April. According to the data from the National Association of Realtors (NAR), existing home sales were down 1.9% from March, reaching a seasonally adjusted annual rate of 4.14 million units. This figure came in lower than the expected 4.21 million. Existing home sales are down 1.9% compared to one year ago.

Sales 111
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Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success

Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?

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Probate Disputes Explained

Wealth Management

A comprehensive guide to family conflict and asset distribution.

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Animal Spirits: Wages Are Beating Inflation

A Wealth of Common Sense

Today’s Animal Spirits is brought to you by Franklin Templeton and the CME Group: See here to learn more about the Franklin International Core Dividend Tilt Index ETF (DIVI) See here for more information and education on futures and options across all major asset classes On today’s show, we discuss: Public markets are a small part of the economy Investors are striking gold all over ‘Dumb money&#821.

Education 104
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Raymond James Names New Head of Advisor Employee Channel

Wealth Management

Tom Walrond, senior vice president and division director, will replace Tash Elwyn as president of Raymond James & Associates, among other senior leadership changes.

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Top Questions From The 2024 Fee-for-Service Trends and Insights Webinar

AdvicePay

Earlier this year, we released our 2024 Fee-for-Service Industry Trend Report , showcasing data from over 380,000 fee-for-service financial planning transactions processed through our platform in 2023. In our recent webinar, “ Fee-for-Service Financial Planning: Unveiling Trends and Insights for 2024 ,” we dove deep into the future of financial planning, sharing key findings from the report.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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401(k) Real Talk Transcript for May 22, 2024

Wealth Management

Transcript of Episode 107 of 401(k) Real Talk.

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Cryptocurrencies: Ether Surges 30% from Last Week

Advisor Perspectives

Bitcoin and Ether both surged this week with BTC up 14% and ETH up over 30% from one week ago. Here's the latest charts on three of the largest cryptocurrencies by market share through 5/21/24.

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ICICI Bank’s Growth Strategy: Can It Stay Ahead in the Banking Race?

Trade Brains

From Barter to Bank. Barter systems might have worked in ancient times, but imagine trying to trade a chicken for a haircut today! Banks have revolutionized the way we handle money. They provide a secure and efficient infrastructure for transactions, eliminating the need for cumbersome bartering and making our financial lives significantly easier. ICICI Bank, a leading player in the Indian financial landscape, goes beyond traditional banking to empower individuals on their financial journey.

Banking 59
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Monthly Market Update | May 2024

Tobias Financial

Stay updated with our monthly market updates featuring our Portfolio Manager, Charles “Chad” NeSmith , CFA, CFP®. Chad provides a comprehensive overview of what is currently happening in the market, and this month he dives deeper into the S&P intra-year decline vs. calendar year returns. Tap into Chad’s wealth of experience and analytical acumen, as he provides valuable perspectives to help you navigate the markets with confidence.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

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NAIFA Introduces Innovative “Caring Conversation” Stencil in Collaboration with Asset-Map

NAIFA Advisor Today

Arlington, VA – The National Association of Insurance and Financial Advisors (NAIFA) is excited to announce the launch of the “Caring Conversation” Stencil, a new tool developed by Carroll Golden , Executive Director of NAIFA's Centers of Excellence. This revolutionary stencil is integrated into the Asset-Map software platform , enhancing the toolkit available to financial advisors.

Assets 52
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Biden Widens Student Loan Relief to More Than 10% of Borrowers

Advisor Perspectives

More than one in 10 Americans with federal student loans have been approved for some measure of debt relief under President Joe Biden, the White House said, as it announced a new round of forgiveness.

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Simplify Says We Should Rethink 60/40 And They're Right

Random Roger's Retirement Planning

Simplify posted a short paper in support of some of their liquid alternative funds around the idea of replacing 60/40 with 60, 20 in fixed income with the rest divided evenly between Simplify Managed Futures (CTA), Simplify Market Neutral Equity Long/Short ETF (EQLS) and the Simplify Quantitative Investment Strategies ETF (QIS). The description for QIS reads like it is along the lines of a multi-strategy, multi-asset fund.

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Slowing EV Sales Are Upending Banker Climate Strategies

Advisor Perspectives

Electric vehicles have swiftly gone from a rare bright spot in the fight against climate change to a cause for concern.

Sales 52
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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.