Abnormal Returns
FEBRUARY 23, 2024
Strategy There are no iron laws in finance. (youngmoney.co) Investors need to match decision making with the time frame. (mrzepczynski.blogspot.com) Exchanges The Nasdaq ($NDAQ) has a reverse stock split problem. (wsj.com) A look at some of the most shorted stocks in the world. (ft.com) Finance The biggest multi-manager hedge funds, Citadel, Millennium and Point72, keep getting bigger.
Nerd's Eye View
FEBRUARY 23, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that while both the total number of RIAs and advisor headcount have seen significant gains in recent years, client assets remain concentrated among the largest firms, according to data from Cerulli Associates, with the 7% of RIAs with at least $1 billion of AUM managing 71% of total RIA assets.
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The Big Picture
FEBRUARY 23, 2024
 This week, we speak with Andrew Slimmon , managing director at Morgan Stanley Investment Management , where he leads the Applied Equity Advisors team. He is also the lead senior portfolio manager on all long equity strategies for the applied equity advisors team, as well as a member of the Morgan Stanley Wealth Management Global Investment Committee.
A Wealth of Common Sense
FEBRUARY 23, 2024
There are basically three ways to become uber-wealthy: 1. Your family is rich. 2. You get lucky. 3. You take big risks and work really hard. For a lot of people it tends to be some combination of numbers 2 and 3. The majority of the uber-wealthy class in this country who didn’t get their money handed down to them created it by starting a business (or becoming an equity owner in a business).
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.
Calculated Risk
FEBRUARY 23, 2024
From ICE (formerly Black Knight): ICE First Look at Mortgage Performance: Foreclosures Up but Delinquencies Improve as the Mortgage Market Kicks Off 2024 • In an expected rebound from December’s calendar-driven rise, t he national delinquency rate dropped to 3.38% in January , the lowest since October, and flat from the same time last year • Past-due mortgages were down across the board, as inflows and rolls to later stages of delinquency fell, while early- and late-stage delinquency cures impro
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
FEBRUARY 23, 2024
Cambridge's Nick Graham details the opportunities AI creates when it comes to financial advice.
Advisor Perspectives
FEBRUARY 23, 2024
The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of February 9th, the index was at 13.607, down 0.578 from the previous week, with 3 of the 6 components in expansion territory.
Wealth Management
FEBRUARY 23, 2024
Wintrust will move two businesses and 85 advisors to the LPL Institution Services platform from Wells Fargo.
Calculated Risk
FEBRUARY 23, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Due to changes at the CDC, weekly cases are no longer updated. For deaths, I'm currently using 4 weeks ago for "now", since the most recent three weeks will be revised significantly. Hospitalizations are more than three times the low of 5,386 in June 2023, however, they have declined significantly from 30,018 earlier this year.
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 23, 2024
Brian Andrew, the recently appointed chief investment officer at Merit Financial Advisors, provides a peek inside the $10 billion RIA’s model portfolio.
Truemind Capital
FEBRUARY 23, 2024
A few days ago, I had a very unusual request from the HR of a multi-billion dollar company with whom I was in discussion regarding sessions on financial well-being for their employees. She asked me- Can your company provide training on stock trading to the female employees? Since we have expertise in long-term investment strategies and financial planning, I told her that we could not help her with this requirement.
Wealth Management
FEBRUARY 23, 2024
In a newly created position, Erik Karanik will oversee growth across Wells Fargo Advisors Financial Network (FiNet) and First Clearing.
Meb Faber Research
FEBRUARY 23, 2024
Guests: Wes Gray is the founder, CEO and Co-CIO of Alpha Architect. Robert Elwood is the co-founder of Practus, LLP, a business law firm that focuses primarily on investment funds. Recorded: 1/18/2024 | Run-Time: 47:02 Summary: Wes and Bob just helped complete a separately managed account to ETF conversion of $770 million, so we had […] The post Episode #522: Wes Gray & Robert Elwood on How to Convert a Separately Managed Account (SMA) to an ETF appeared first on Meb Faber Res
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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 23, 2024
Also, Advzyon and Apex announce integrations and AssetMark boosts it 2024 tech budget by $15 million.
Calculated Risk
FEBRUARY 23, 2024
From STR: U.S. hotel results for week ending 17 February.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 17 February. 11-17 February 2024 (percentage change from comparable week in 2023): • Occupancy: 59.2% (-2.5%) • Average daily rate (ADR): US$162.24 (+4.2%) • Revenue per available room (RevPAR): US$96.10 (+1.6%) emphasis added The following graph shows the seasonal pattern for the hotel occupancy
Wealth Management
FEBRUARY 23, 2024
Wednesday, March 06, 2024 | 2:00 PM ET
Advisor Perspectives
FEBRUARY 23, 2024
The yield on the 10-year note ended February 23, 2024 at 4.26%, the 2-year note ended at 4.67%, and the 30-year at 4.37%.
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 23, 2024
Meketa’s new RIA-focused private investment platform has a new capital partner, while Cetera and Snowden Lane both announced deals and SEIA hired a new head of wealth transfer.
Advisor Perspectives
FEBRUARY 23, 2024
The S&P 500 rallied during the back half of this week to reach a new all-time record close. The index is currently up 7.29% year to date and has set a new record closing high 13 times so far this year.
Wealth Management
FEBRUARY 23, 2024
The bank is seeking a temporary restraining order against Matthew D. Sitarski, alleging he accessed client information, violated contractual agreements and lured away clients with nearly $4 million in assets.
Advisor Perspectives
FEBRUARY 23, 2024
After several decades of transformative tech wealth, the AI boom is ushering in another. Not only has Nvidia Corp.’s soaring valuation made co-founder Jensen Huang an extremely wealthy man, but his distant cousin Lisa Su, head of Advanced Micro Devices Inc., is now worth $1.2 billion.
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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.
Wealth Management
FEBRUARY 23, 2024
Nick Kochanski, CFO and senior client advisor at $4.5 billion AUM Crescent Grove Advisors, uses advances in technology to look at client and firm data in news ways to drive growth.
Trade Brains
FEBRUARY 23, 2024
Fundamental Analysis Of PSP Projects: India’s real estate sector is booming due to an increasing population, urbanization, and business interest from around the world. This growth presents a promising investment opportunity. This increased focus has put companies like PSP Projects Limited in the focus. In this article, we shall conduct a Fundamental Analysis Of PSP Projects Ltd and try to analyse the potential outlook of the company Fundamental Analysis Of PSP Projects We’ll begin ou
Wealth Management
FEBRUARY 23, 2024
Black History Month is a great time to commit to becoming more actively engaged with new and existing Black clients by understanding their specific needs and providing personalized guidance.
Calculated Risk
FEBRUARY 23, 2024
From BofA: On net, this week’s data boosted our 1Q US GDP tracking estimate by a tenth to 1.0% q/q saar. Our 4Q tracking estimate also increased by a tenth to 3.2% q/q saar [Feb 23rd estimate] emphasis added From Goldman: We boosted our Q1 GDP tracking estimate by 0.1pp to +2.4% (qoq ar) and our Q1 domestic final sales growth forecast by 0.1pp to +2.7% (qoq ar).
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
FEBRUARY 23, 2024
Corient reported during its quarterly earnings call that it is fully severed from parent company CI Financial in all but ownership and debt.
Advisor Perspectives
FEBRUARY 23, 2024
Three consecutive quarters of strong growth have put productivity either back on trend or well above it, depending on which recent trend line you’re following. Productivity’s sharp rise and fall from 2020 to 2022 was apparently just another one of those weird pandemic phenomena, now disappearing in the rearview mirror.
Wealth Management
FEBRUARY 23, 2024
Tuesday, March 19, 2024 | 4:00 PM ET
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