The Big Picture

JANUARY 12, 2024

 This week, we speak with Cathy Marcus , co-chief executive officer and global chief operating officer of PGIM Real Estate , which manages over $200 billion in assets. As co-CEO, Marcus develops and leads the company’s global strategy; as global COO, she is responsible for overseeing business and investment operations globally. She is also co-chair of the board of directors of RealAssetX , PGIM Real Estate’s innovation lab aimed at accelerating advancement in the real assets industry.

Startup 298

Startup Portfolio Management Assets Valuation 298

Abnormal Returns

JANUARY 12, 2024

Markets Stocks don't always beat bonds. (morningstar.com) A visualization of the top 10 S&P 500 stocks by market cap. (politicalcalculations.blogspot.com) Strategy Bob Seawright, "We will never act with perfect foresight. We will rarely act with decent foresight." (betterletter.substack.com) You can't use P/E ratios to value growth stocks. (downtownjoshbrown.com) A lot of strategies just aren't worth the hassle.

Financial Advising 279

Financial Advising Media Economy Economics 279

Nerd's Eye View

JANUARY 12, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Securities and Exchange Commission this week authorized 11 Spot Bitcoin Exchange-Traded Funds (ETFs), which could provide financial advisors and their clients with a convenient way to invest in the cryptocurrency without many of the security issues or price tracking challenges of other methods (though the new products will still be subject to Bitcoin's notorious price

Financial Planner 246

Financial Planner Financial Advisor Commission Budgeting 246

A Wealth of Common Sense

JANUARY 12, 2024

Bernie Sanders was railing against wealth inequality again last week: The rich do control most of the financial assets in this country. The top 10% owns close to 90% of the stock market in the U.S. Most of the income gains in the past 40 years or so have gone to the wealthy. That’s not great. But the idea that two-thirds of all Americans cannot cover an emergency expense simply doesn’t hold up to the facts.

Assets 145

Assets Marketing Marketing 145

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.

Accounting

Alpha Architect

JANUARY 12, 2024

The risk-based explanation provided by a peer-based review is a necessary ingredient for considering investment, but it is not a sufficient ingredient. Peer-Reviewed Theory and Expected Stock Returns was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Investing 127

Investing Investments 127

NAIFA Advisor Today

JANUARY 12, 2024

John D. Richardson , RICP, LACP, has received the 2023 President’s Citation from the National Association of Insurance and Financial Advisors (NAIFA) for his extraordinary service to the association. The NAIFA President’s Citation recognizes an association member who exemplifies NAIFA leadership and has gone above and beyond in their support for NAIFA and the industry.

Recruitment 105

Recruitment Financial Advisor Insurance 105

Wealth Management

JANUARY 12, 2024

Spot Bitcoin ETFs like the 11 just approved by the SEC offer offer significant advantages over the earlier options for financial advisors seeking to access cryptocurrency exposure, according to CFRA's ETF analyst.

Financial Advisor 119

Financial Advisor 119

Trade Brains

JANUARY 12, 2024

Best Mid Cap Chemical Stocks: Midcap stocks have immense potential to become the next large-cap or even blue-chip stocks. These companies are in their growing stage and have the potential to unlock value. In addition, the chemical industry is currently facing headwinds and the companies are emphasizing on research and development activities. So, in this article, we will look into the Best Mid Cap Chemical Stocks in India.

Manufacturing 105

Manufacturing Accounting B2B Medicine 105

Wealth Management

JANUARY 12, 2024

Also, Smartleaf Asset Management collaborates with Clearstead Advisors and retirement assets in automated state savings programs reach $1 billion.

Management 115

Management Retirement Assets 115

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

JANUARY 12, 2024

From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. U.S. railroads originated 11.70 million total carloads in 2023 — up 0.7% (81,504 carloads) over 2022 , up 0.7% (78,633 carloads) over 2021, and the most for a full year since 2019. For all of 2023, U.S. intermodal originations totaled 12.67 million containers and trailers — down 4.9% (657,165 units) from 2022 , down 9.6% (1.35 million) from 2021, and the lowest annual volume sinc

103

103

Wealth Management

JANUARY 12, 2024

Carson Group President Teri Shepard discusses how she and the company are investing in women.

Wealth Management 113

Wealth Management Management Investing Investments 113

Discipline Funds

JANUARY 12, 2024

1) All things Bitcoin ETF. The SEC finally approved a Bitcoin ETF. The Winklevoss twins filed for the initial Bitcoin ETF in July of 2013 so it’s been 10 years coming. How much money did those guys lose out on by not having that instrument approved so long ago? Meanwhile, other garbage instruments like the closed end Bitcoin trusts were allowed to trade, charge huge fees and expose investors to insane premiums and discounts from NAV because of the inefficient structure of the trust.

Insurance 97

Insurance Portfolio Assets Clients 97

Wealth Management

JANUARY 12, 2024

A spokesperson said Bank of America was wrapping up its evaluation of the new offerings that were approved earlier this week by the SEC. The news comes the same day the bank unveiled its fourth quarter of 2023 earnings report.

Banking 111

Banking 111

Advertisement

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.

Accounting

Advisor Perspectives

JANUARY 12, 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 December 29th, the index was at 23.084, up 3.085 from the previous week, with 5 of the 6 components in expansion territory.

Economics 80

Economics Economy 80

Wealth Management

JANUARY 12, 2024

At least 10 deals, representing more than $8 billion in transacted assets, were announced this week along with a rebrand and two RIA launches.

Assets 111

Assets 111

Random Roger's Retirement Planning

JANUARY 12, 2024

The ETF industry has been evolving at what feels like an accelerating rate lately, not just with the 11 Bitcoin ETFs but let's touch on those first. Depending on how far down the rabbit hole on this, that brokerage accessible products now track spot Bitcoin versus futures might not be much of a game changer, unless you owned the Grayscale Bitcoin trust when it had that huge discount to its NAV.

Taxes 75

Taxes Accounting Investing Investments 75

Wealth Management

JANUARY 12, 2024

Jim Nagengast’s departure from Osaic is part of a larger trend happening in the IBD world, where the leaders of the individual businesses step down in the wake of a consolidation.

110

110

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

Advisor Perspectives

JANUARY 12, 2024

Wholesale inflation picked up for the first time in three months but still came in cooler than expected. The producer price index for final demand decreased 0.1% month-over-month (s.a.). On an annual basis, headline PPI accelerated from 0.8% in November to 1.0% in December.

75

75

Wealth Management

JANUARY 12, 2024

Clint Walkner of $560 million AUM Walkner Condon likes the scope of an all-in-one platform but at times misses some best-of-breed tools.

Financial Advisor 108

Financial Advisor 108

Calculated Risk

JANUARY 12, 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 have almost sextupled from a low of 5,150 in June 2023. Hospitalizations are about 20% of the peak of 150,000 in January 2022.

Numbers 59

Numbers 59

Wealth Management

JANUARY 12, 2024

The pros and cons of Bitcoin ETFs and how clients can get in on the action.

Clients 107

Clients 107

Advertisement

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.

Planning

Advisor Perspectives

JANUARY 12, 2024

The S&P 500 rebounded this week, finishing 1.84% up from last Friday. The index is currently up 0.86% year to date and now sits just 0.27% below its record close from January 3, 2022.

59

59

Calculated Risk

JANUARY 12, 2024

From BofA: Overall, since our last weekly publication, our 4Q US GDP tracking estimate is up two-tenths to 1.3% q/q saar , while 3Q GDP finalized at 4.9% q/q saar in the third estimate. [Jan 12th estimate] emphasis added From Goldman: We left our Q4 GDP tracking estimate unchanged at +1.5% (qoq ar) and our Q4 domestic final sales growth forecast unchanged at +2.2% (qoq ar).

Sales 59

Sales 59

Advisor Perspectives

JANUARY 12, 2024

I've updated this series to include the December release of the consumer price index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $49,573, down 7.8% from over 50 years ago. After adjusting for inflation, hourly earnings are below their all-time high from April 2020.

59

59

Calculated Risk

JANUARY 12, 2024

Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in December A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to December 2019 for each local market (some 2019 data is not available). This is the second look at several early reporting local markets in December.

Marketing 59

Marketing Marketing Sales 59

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

Investing Caffeine

JANUARY 12, 2024

Wade Slome, President and Founder of Sidoxia Capital Management, recently had the pleasure of being featured on My Future Business hosted by Rick Nuske. Wade shares his knowledge about the financial markets, his investing philosophy, and experiences that have shaped both his professional career and personal life. Tune in to the interview below!

Financial Market 52

Financial Market Management Investing Investments 52

Sara Grillo

JANUARY 12, 2024

Financial advisor video marketing doesn’t have to be the big deal that everyone makes it out to be. The first time I ever did a video, I was a disaster. I was making all the mistakes I’m about to tell you. For those of you who are new to my blog, my name is Sara. I am a CFA® charterholder and financial advisor marketing consultant. I have a newsletter in which I send you one actionable, practical marketing tip a day.

Financial Advisor 52

Financial Advisor Marketing Marketing Consulting 52

Advisor Perspectives

JANUARY 12, 2024

Making New Year’s resolutions usually involves some level of reflection on how to be a better person and the possibilities ahead.

52

52