Abnormal Returns
SEPTEMBER 21, 2023
Markets The credit markets are very different than they were in 2009. (semafor.com) Despite a slowdown, the warehouse industry is raising rents. (wsj.com) IPOs Shopify ($SHOP) is a winner in the Klayvio ($KVYO) IPO. (theinformation.com) Is the IPO window really that open? (ft.com) Books A review of "The Missing Billionaires: A Guide to Better Financial Decisions" by Victor Haghani and James White.
The Big Picture
SEPTEMBER 21, 2023
My morning train WFH reads: • Peek Inside America’s Largest Privately Owned Company : Cargill’s business model has worked for 158 years. Follow the money and you’ll see it ain’t broken yet. ( Bloomberg ) • Indexing Is Still the Best Bet for Investors : History shows that even in ‘narrow’ markets, actively managed funds don’t do as well over the long term. ( Wall Street Journal ) see also You Might Be Paying Too Much for That Index Fund : Push toward zero-cost ETFs nears the finish line. ( Wall S
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Abnormal Returns
SEPTEMBER 21, 2023
Books Annie Duke talks with Elizabeth Zalman and Jerry Neumann co-authors of "Founder vs. Investor: The Honest Truth About Venture Capital from Startup to IPO." (annieduke.substack.com) Five insights from An except from “Build the Life You Want: The Art and Science of Getting Happier” by Arthur C. Brooks and Oprah Winfrey. (nextbigideaclub.com) An excerpt from Devorah Heitner’s new book, "Growing Up in Public: Coming of Age in a Digital World.
Nerd's Eye View
SEPTEMBER 21, 2023
Regardless of the size of a financial advisory firm, clients are a constant necessity to sustain a profitable business. And while some form of advertising is how firms have traditionally attracted clients, some advisors have asked if not actively marketing themselves can be a viable option, where new clients find their way to the advisor through a referral network who vouches for the good service they provide.
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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.
Wealth Management
SEPTEMBER 21, 2023
FutureVault CEO Daniel Kenny and CMO Kristian Borghesan talk all things digital vault technology.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
SEPTEMBER 21, 2023
Also, DPL Financial Partners acquired AnnuityFix and SMArtX Advisory Solutions will launch SMArtY platform with Russell Investments’ model portfolios.
Advisor Perspectives
SEPTEMBER 21, 2023
Can the economy grow 2.0% to 2.5% faster per year over the next 10 years than the last 30 years? I don't think so.
Wealth Management
SEPTEMBER 21, 2023
That gives the firm’s RIA custody clients free access to performance reporting, fee billing, portfolio rebalancing, a client portal and portfolio accounting software.
Calculated Risk
SEPTEMBER 21, 2023
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 4.04 million SAAR in August; Median Prices Increased 3.9% YoY in August Excerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2022 and 2023. Sales declined 15.3% year-over-year compared to August 2022.
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.
Wealth Management
SEPTEMBER 21, 2023
The ninth annual "Wealthies" Awards were held on Sept. 7 at the Ziegfeld Theater in New York City.
Leading Advisor
SEPTEMBER 21, 2023
This short video provides insights on improving your mindset and flow in any economic climate: This short video provides insights on improving your mindset and… The post Insights on improving your mindset and flow in any economic climate. appeared first on Leading Advisor - Simon Reilly.
Wealth Management
SEPTEMBER 21, 2023
The addition doubles the amount of managed assets J.P. Morgan Private Bank has in the Seattle market from five years ago, according to the bank.
NAIFA Advisor Today
SEPTEMBER 21, 2023
Rith Nou, a proud NAIFA member since 2017, has seen the American Dream from both sides: as an immigrant who worked hard to find business success and as an advisor helping others achieve their financial goals. In the current issue of InsuranceNewsNet magazine , Nou explains, "Our profession pays you well and also allows you to give back in a way that makes you feel aligned.
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
Wealth Management
SEPTEMBER 21, 2023
The Barclays breakaway discusses his 2015 landmark leap with five partners, three offices, and $3 billion in AUM, plus shares why he feels UHNW clients are best served in independence, what they do to drive extraordinary growth, and much more.
Calculated Risk
SEPTEMBER 21, 2023
From Matthew Graham at Mortgage News Daily: Mortgage Rates Jump up to 23-Year Highs Between the data and the overnight momentum in overseas markets, bonds are at their weakest levels in years. Mortgage-backed securities (the bonds that dictate mortgage rates) didn't swoon quite as much as Treasuries, but as of today, it was just enough to push the average mortgage lender almost perfectly back in line with the highest 30yr fixed rate of the past 23 years. [ 30 year fixed 7.47% ] emphasis added Fr
Wealth Management
SEPTEMBER 21, 2023
Thursday, October 26, 2023 | 2:00 PM ET
The Irrelevant Investor
SEPTEMBER 21, 2023
Today’s Compound and Friends is brought to you by Public: Visit public.com/compound for more information on how to earn 5+% interest with a treasury account on public. On today’s show, we discuss: The quality spectrum The curious incident of the elevated profit margins Benchmark-free allocation strategy Waiting for the last dance Reinvesting when terrified Why permabears seem right even when they’re.
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.
Wealth Management
SEPTEMBER 21, 2023
Brett Harrison, who currently leads Cetera Advisors, who will exit the company after 25 years. Tom Halloran takes his place.
NAIFA Advisor Today
SEPTEMBER 21, 2023
Richard (Rick) Demko is a licensed life insurance agent who speaks nationally to associations, consumers, and producer groups regarding proper life insurance planning strategies. He holds the Chartered Life Underwriter (CLU), Chartered Financial Consultant (ChFC), Retirement Income Certified Professional (RICP), Life Underwriting Training Council Fellowship (LUTCF), Life and Annuity Certified Professional (LACP), and is currently challenging the CFP.
Random Roger's Retirement Planning
SEPTEMBER 21, 2023
A few minutes after the close on Thursday, Carl Quintanilla Tweeted that today was the worst single day ever for the iShares 20+ Year Treasury ETF (TLT) as part of the fallout of Wednesday's Fed presser which has taken equities down a couple of pegs too. As I did my normal routine of reading and scrolling I ran into a couple things noting the rough go for bonds.
Million Dollar Round Table (MDRT)
SEPTEMBER 21, 2023
By Simon D. Lister, Dip PFS Despite our best intentions as financial advisors, sometimes we get in our own way with clients. To remove obstacles between yourself and clients, think of yourself as a paid communicator and not someone who sells. Prospects and clients can have natural barriers based on preconceived ideas when you start mentioning products because to them that’s not why they’re meeting with you.
Speaker: Ashley Harlan, MBA
What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.
Advisor Perspectives
SEPTEMBER 21, 2023
BlackRock Inc. and other money managers spent years rolling out sustainable funds, seeking to capitalize on surging interest in ESG investing. Now they’re abandoning an increasing number of those products in the US amid political backlash and investor scrutiny.
Calculated Risk
SEPTEMBER 21, 2023
The DOL reported : In the week ending September 16, the advance figure for seasonally adjusted initial claims was 201,000 , a decrease of 20,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 220,000 to 221,000. The 4-week moving average was 217,000, a decrease of 7,750 from the previous week's revised average.
Advisor Perspectives
SEPTEMBER 21, 2023
The Conference Board Leading Economic Index (LEI) fell for the 17th consecutive month in August as economic uncertainty and recession fears continue to grow. The index dropped 0.4% from last month to 105.4, the index's lowest reading since June 2020.
Calculated Risk
SEPTEMBER 21, 2023
From the NAR: Existing-Home Sales Decreased 0.7% in August Existing-home sales moved lower in August, according to the National Association of REALTORS®. Among the four major U.S. regions, sales improved in the Midwest, were unchanged in the Northeast, and slipped in the South and West. All four regions recorded year-over-year sales declines. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – slid 0.7% from July to a seasonal
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
SEPTEMBER 21, 2023
More US sustainable funds have closed in 2023 than the prior three years combined.
Trade Brains
SEPTEMBER 21, 2023
Manoj Vaibhav Gems ‘N’ Jewellers IPO Review: Manoj Vaibhav Gems ‘N’ Jewellers is coming up with its Initial Public Offering. The IPO will open for subscription on 22 September 2023 and close on 26 September 2023. In this article, we will look at the Manoj Vaibhav Gems ‘N’ Jewellers IPO Review and analyze its strengths, weaknesses, financials and GMP.
Calculated Risk
SEPTEMBER 21, 2023
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from Sabrina Speianu: Weekly Housing Trends View — Data Week Ending Sep 16, 2023 • Active inventory declined, with for-sale homes lagging behind year ago levels by 4.4%. During the past week, we observed the 13th successive drop in the number of homes available for sale when compared to the previous year.
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