Abnormal Returns
JULY 25, 2024
Books A rave review of "How Tyrants Fall" by Marcel Dirsus. (forkingpaths.co) Insights from "Maxims for Thinking Analytically" by Dan Levy. (novelinvestor.com) Jim Pethokoukis talks with Ruchir Sharma, author of "What Went Wrong with Capitalism." (fasterplease.substack.com) Business PE firm Patricof & Co. is doubling down on its relationships with pro athletes.
Carson Wealth
JULY 25, 2024
Owning a business can be like parenting. You’ve likely experienced many sleepless nights and spent a countless amount of energy on your “baby.” Like parenting, being a business owner can be an enriching journey and make life worth the trip. To protect your business, you need the right mix of insurance. From the relationships that make your business run to the building it’s housed in, insurance can help prevent devastating financial losses or legal consequences.
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Abnormal Returns
JULY 25, 2024
Markets UK stocks look cheap. (ft.com) July has seen a big bounceback in small caps. (bilello.blog) Strategy How much do 20-year real stock market returns vary over time? (awealthofcommonsense.com) Don't hedge equities with equities. (rogersplanning.blogspot.com) Bill Ackman Bill Ackman doesn't want investors to think about Pershing Square USA as a close-end fun.
Nerd's Eye View
JULY 25, 2024
About a decade or so ago, one of the most pressing issues facing the financial advice industry was the threat of an imminent deluge of advisor retirements coupled with a paucity of succession plans to transition clients to the next generation. While that scenario has yet to materialize as initially feared, the fact remains that transitions do occur on a regular basis, often as older advisors either sell their practices in one fell swoop or gradually offload part of their book while still staying
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
JULY 25, 2024
The U.S. economy grew at a faster than expected pace during the second quarter of this year. Real gross domestic product increased at an annual rate of 2.8% in Q2 2024, according to the advance estimate. The latest estimate is above the forecasted 2.0% growth and is a pickup from the Q1 2023 GDP final estimate of 1.4%.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
JULY 25, 2024
The TAMP previously raised funding from Kayne Anderson Growth Capital and J.P. Morgan Asset Management, who also participated in the latest round.
Calculated Risk
JULY 25, 2024
The DOL reported : In the week ending July 20, the advance figure for seasonally adjusted initial claims was 235,000 , a decrease of 10,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 243,000 to 245,000. The 4-week moving average was 235,500, an increase of 250 from the previous week's revised average.
Wealth Management
JULY 25, 2024
The first breakaway team to join Beacon Pointe Advisors offers a perspective on change at the wirehouses, the value of being a true fiduciary and more.
Calculated Risk
JULY 25, 2024
From the BEA: Gross Domestic Product, Second Quarter 2024 (Advance Estimate) Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the second quarter of 2024 , according to the "advance" estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP increased 1.4 percent. The increase in real GDP primarily reflected increases in consumer spending, private inventory investment, and nonresidential fixed investment.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.
Wealth Management
JULY 25, 2024
The research survey also found that this audience said it was more likely to follow advice from a human than computer-generated recommendations.
Calculated Risk
JULY 25, 2024
What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For June, Realtor.com reported inventory was up 36.7% YoY, but still down 32.4% compared to April 2017 to 2019 levels. Now - on a weekly basis - inventory is up 36.9% YoY. Realtor.com has monthly and weekly data on the existing home market.
Wealth Management
JULY 25, 2024
The acquisition of the three East Coast-based firms will push F.L.Putnam’s assets under advisement above $10 billion, and its AUM will reach about $7.9 billion.
Calculated Risk
JULY 25, 2024
From STR: U.S. hotel results for week ending 20 July The U.S. hotel industry reported higher performance results than the previous week and positive comparisons year over year, according to CoStar’s latest data through 20 July. 14-20 July 2024 (percentage change from comparable week in 2023): • Occupancy: 73.5% (+1.0%) • Average daily rate (ADR): US$165.91 (+2.4%) • Revenue per available room (RevPAR): US$122.02 (+3.4%) emphasis added The following graph shows the seasonal pattern for the hotel
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Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!
Wealth Management
JULY 25, 2024
Wealth management M&A remains fundamentally healthy, with dealmaking still happening at a healthy clip, both in terms of size and volume.
Calculated Risk
JULY 25, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Personal Income and Outlays, June 2024. The consensus is for a 0.4% increase in personal income, and for a 0.2% increase in personal spending. And for the Core PCE price index to increase 0.2%. PCE prices are expected to be up 2.6% YoY, and core PCE prices up 2.6% YoY. • At 10:00 AM, University of Michigan's Consumer sentiment index (Final for July).
Wealth Management
JULY 25, 2024
Your ability to communicate your mission, vision and values builds credibility, trust, and, most importantly, an identity in the increasingly crowded RIA space.
Calculated Risk
JULY 25, 2024
Today, in the Calculated Risk Real Estate Newsletter: Watch Months-of-Supply! A brief excerpt: Both inventory and sales are well below normal levels, and I think we need to keep an eye on months-of-supply to forecast price changes. Historically nominal prices declined when months-of-supply approached 6 months - and that is unlikely this year - but we could see months-of-supply back to 2019 levels in the next month or two.
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!
Wealth Management
JULY 25, 2024
Bradford Smithy and Robert Tamarkin are joining the venture launched by former Sanctuary Wealth CEO Jim Dickson, which aims to help smaller RIAs grow.
Random Roger's Retirement Planning
JULY 25, 2024
Lots of ETF stuff today. First, starting last fall, I walked everyone through my test drive of the Defiance NASDAQ 100 Enhanced Options Income Fund (QQQY). It sells 0dte puts on the NASDAQ 100 and generates a huge "dividend." On a price basis, the fund can't keep up with the payout, not even close. It came out last fall at about $20/share and today it is just under $14.00.
Wealth Management
JULY 25, 2024
Brad Morgan joins from Mariner Wealth Advisors, which is suing him and the tech-focused RIA for poaching books of business.
NAIFA Advisor Today
JULY 25, 2024
One-third of financial advisors are predicted to retire in the next 10 years, creating an opportunity for advisors looking to grow or sell their practice. Join NAIFA member, David Wood, for the "M&A Summit: Opportunity of a Lifetime", offered in-person and virtually throughout the rest of 2024. Industry professionals come together for an in-depth exploration of mergers and acquisitions and learn how to harness the wave of retiring advisors to capitalize on this opportunity.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Wealth Management
JULY 25, 2024
Merrill will move some of its 641 sports and entertainment wealth advisers to IMG Academy’s campus to host parent and student teach-ins and simulations that show students what it is like to invest in a real financial market.
Advisor Perspectives
JULY 25, 2024
The advance estimate for Q2 GDP came in at 2.84%, an acceleration from 1.41% for the Q1 final estimate. With a per-capita adjustment, the headline number is lower at 2.37%, a pickup from 0.95% for the Q1 headline number.
Wealth Management
JULY 25, 2024
U.S. ETFs are on pace for more than $700 billion in net flows in 2024, and net assets stand at more than $9 trillion.
Advisor Perspectives
JULY 25, 2024
The latest Kansas City Fed Manufacturing Survey composite index decreased in July to its lowest level since May 2020. The composite index came in at -13, down from -8 in June, while the future outlook inched down to 5.
Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor
During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.
Wealth Management
JULY 25, 2024
Growing numbers of advisors are moving their newsletters to Substack.
Advisor Perspectives
JULY 25, 2024
The US inflation rate, which had surged to over 9% two years ago, is now around 3%. Based on current trends, it should settle at 2.5%-3%, a range that most economists would deem consistent with financial stability, including a firm anchoring of inflationary expectations.
Wealth Management
JULY 25, 2024
Do not allow partisanship to impact investment decisions.
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