Nerd's Eye View

NOVEMBER 15, 2024

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the latest Fidelity RIA Benchmarking Study shows that while RIAs saw gains in AUM and revenue last year, their operating margins tightened, suggesting that rising expenses are cutting into firm profits. The study also looked at what “high performing” firms are doing differently than their peers, finding that these firms have a higher close rat

Financial Planner 240

Financial Planner Asset Allocation Taxes Tax Planning 240

The Big Picture

NOVEMBER 15, 2024

 This week, we speak with Colin Camerer , Robert Kirby Professor of Behavioral Finance and Economics at California Institute of Technology. Prior to joining Caltech in 1994, Camerer was a faculty member at various institutions including the University of Chicago GSB and the Kellogg Graduate School of Business at Northwestern University, and held a visiting professorship at Oxford University.

Portfolio Management 201

Portfolio Management Economics Portfolio Assets 201

Abnormal Returns

NOVEMBER 15, 2024

Markets The equity risk premium has fallen. (mrzepczynski.blogspot.com) The S&P SmallCap 600 index is 30 years old. (spglobal.com) Finance Elon Musk's xAI and SpaceX are getting a valuation boost. (ft.com) Is private credit in a bubble? (alphaarchitect.com) How the activist short selling ecosystem works. (on.ft.com) Fund management 2024 could see $1 trillion in U.S.

Financial Advising 146

Financial Advising Valuation Food Media 146

A Wealth of Common Sense

NOVEMBER 15, 2024

Politicians don’t control the stock market. When stocks go up presidents get too much credit and when they go down they get too much blame. It’s mostly circumstantial depending on the timing of cycles and such. But the markets move faster than ever these days. Investors are constantly pricing in the future, sometimes right, sometimes wrong, yet never in doubt.

Marketing 117

Marketing Marketing 117

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.

Accounting

Abnormal Returns

NOVEMBER 15, 2024

Listening Spotify ($SPOT) is now solidly profitable. (sherwood.news) Happy one year anniversary to Barry Ritholtz's 'At the Money' podcast. (ritholtz.com) Companies Patrick O'Shaughnessy talks with Ernie Garcia who is the co-founder and CEO of Carvana ($CVNA). (joincolossus.com) Stephan Clapham talks with Lionel Barber author of the forthcoming "Gambling Man: The Secret Story of the World's Greatest Disruptor, Masayoshi Son.

Portfolio 146

Portfolio Portfolio Management Management Investing 146

Advisor Perspectives

NOVEMBER 15, 2024

Nominal retail sales in October were up 0.40% month-over-month (MoM) and up 2.85% year-over-year (YoY). However, after adjusting for inflation, real retail sales were up 0.15% MoM and up 0.27% YoY.

Retail 110

Retail Sales 110

Wealth Management

NOVEMBER 15, 2024

Nicholas Takahashi and his team managed about $1.3 billion when it left the wirehouse earlier this year, but Morgan Stanley alleged the rep was breaking his non-solicitation vows.

Management 105

Management 105

Advisor Perspectives

NOVEMBER 15, 2024

Industrial production was down 0.3% in October, coming right in line with economist estimates. Compared to one year ago, industrial production is down 0.29%.

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Wealth Management

NOVEMBER 15, 2024

Andrew Altfest reveals how FP Alpha is revolutionizing financial planning through AI, enabling advisors to offer comprehensive services at the 2024 Nitrogen Fearless Investing Summit.

Financial Advising 93

Financial Advising Financial Planning Planning Investing 93

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.

Accounting

Calculated Risk

NOVEMBER 15, 2024

Earlier from the Fed: Industrial Production and Capacity Utilization Industrial production (IP) decreased 0.3 percent in October after declining 0.5 percent in September. A strike at a major producer of civilian aircraft held down total IP growth by an estimated 0.3 percentage point in September and 0.2 percentage point in October. Hurricane Milton and the lingering effects of Hurricane Helene together reduced October IP growth 0.1 percentage point.

Manufacturing 70

Manufacturing 70

Wealth Management

NOVEMBER 15, 2024

Justin Lowry unveils how Global Beta Advisors enhances portfolio construction through cutting-edge integration with Nitrogen at the 2024 Fearless Investing Summit.

Portfolio 93

Portfolio Investing Investments 93

Advisor Perspectives

NOVEMBER 15, 2024

Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process.

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Wealth Management

NOVEMBER 15, 2024

The AdviceTech.Live virtual conference and its slick platform showcased plenty of useful third-party technology, and it was free for advisors.

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95

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Accounting

Alpha Architect

NOVEMBER 15, 2024

The growth rate of private credit has been so rapid (growing to nearly $2 trillion by the end of 2023, roughly ten times larger than it was in 2009), that concerns about there being a bubble have been raised. The Explosive Growth of Private Credit: Is There a Bubble? was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

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Wealth Management

NOVEMBER 15, 2024

A well-thought-out BCP protects client relationships and ensures the business is functional regardless of the circumstances.

Planning 101

Planning Clients 101

Advisor Perspectives

NOVEMBER 15, 2024

The Census Bureau's Advance Retail Sales Report for October revealed headline sales were up 0.4% last month. The latest reading was higher than the expected 0.3% monthly growth in consumer spending.

Retail 59

Retail Sales 59

Wealth Management

NOVEMBER 15, 2024

Clay Young explores how his company delivers institutional-grade investment management to clients through innovative technology.

Clients 92

Clients Investing Investments Management 92

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

Numbers

Calculated Risk

NOVEMBER 15, 2024

From BofA: Next week, we will initiate our 4Q GDP tracker after the October retail sales print today and October industrial production, housing starts, existing home sales and September business inventories will impact our 3Q and 4Q tracking estimate. [ Current forecast 2.0% , Nov 15th] emphasis added From Goldman: Following this morning’s retail sales and industrial production reports, we lowered our Q4 GDP tracking estimate by 0.1pp to +2.5% (quarter-over-quarter annualized) and left our Q4 do

Retail 57

Retail Sales Investing Investments 57

Wealth Management

NOVEMBER 15, 2024

With nearly 40% of advisors set to retire in the next decade, the future of financial planning lies in the hands of passionate newcomers. Discover why these young professionals are eager to transform the industry.

Financial Planning 76

Financial Planning Planning Retirement 76

Calculated Risk

NOVEMBER 15, 2024

Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in October A brief excerpt: From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 3.97 million in October, up 3.4% from September’s preliminary pace and up 3.1% from last October’s seasonally ad

Sales 57

Sales 57

Wealth Management

NOVEMBER 15, 2024

Aaron Klein shares transformative insights on redefining value in financial advising at the 2024 Nitrogen Fearless Investing Summit.

Financial Advising 90

Financial Advising Investing Investments 90

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Planning

Calculated Risk

NOVEMBER 15, 2024

Today, in the Calculated Risk Real Estate Newsletter: Part 2: Current State of the Housing Market; Overview for mid-November 2024 A brief excerpt: Yesterday, in Part 1: Current State of the Housing Market; Overview for mid-November 2024 I reviewed home inventory, housing starts and sales. In Part 2, I will look at house prices, mortgage rates, rents and more.

Marketing 57

Marketing Marketing Sales 57

Wealth Management

NOVEMBER 15, 2024

Samantha Russell dives into the game-changing impact of social search and AI on consumer behavior at the 2024 Nitrogen Fearless Investing Summit.

Clients 84

Clients Investing Investments 84

Discipline Funds

NOVEMBER 15, 2024

Here are some things I think I am thinking about this weekend: 1) Is the USA Going BANKRUPT? I joined Ben Carlson and Duncan Hill last week to discuss the never-ending controversy over the US national debt and the day of reckoning. Something really miraculous happened with this interview. This is a topic I discuss A LOT. And you can virtually guarantee that it enrages some people.

Insurance 52

Insurance Economy Assets Government 52

Wealth Management

NOVEMBER 15, 2024

Despite rate cuts, money market funds remain attractive to investors.

Marketing 95

Marketing Marketing 95

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!

Management

Random Roger's Retirement Planning

NOVEMBER 15, 2024

Some quick hits tonight ahead of the Tyson fight, if I can stay up that long. Meb Faber posted this quote. The stock market goes up far more often than not. If an investor does nothing they will capture that long term inertia. The more trading an investor does, the more they fight against that inertia. That's not to say never make changes , occasionally changes need to be made and even the occasional change could turn out to be "right" or "wrong" which is fine, no one will get them all right and

Distribution 52

Distribution Taxes Accounting Management 52

Validea

NOVEMBER 15, 2024

Benjamin Graham, widely recognized as the pioneer of value investing, developed a methodical approach to identifying undervalued stocks. Validea has adapted Graham’s principles into a systematic strategy that prioritizes financial stability and proven performance over speculative growth. Investment Criteria: Company Fundamentals Must generate at least $340 million in annual sales Excludes technology sector investments Must demonstrate positive earnings for 5 consecutive years Balance Sheet

Valuation 52

Valuation Assets Sales Portfolio 52

NAIFA Advisor Today

NOVEMBER 15, 2024

Colin Aubin’ s path to success in financial services is rooted in a strong family foundation, an early background in competitive sports, and a commitment to community impact. Raised in Orland Park, Illinois, Colin’s values were shaped by a family deeply committed to service and education. His mother, Donna, was a dedicated teacher who spent over three decades shaping young minds, while his father, Tom, worked in finance as a CFO.

Financial Services 52

Financial Services Education Financial Planning Planning 52