The Big Picture
JUNE 17, 2024
A quick break from book authorship to share a fascinating set of data and charts, via Sam Ro. In his weekly missive, Sam points to some amazing charts from Global Financial Data. They are based on historical data that looks at 200 Years of Market Concentration. You might be surprised at the findings. As the chart above shows, there are long periods of market concentration.
Nerd's Eye View
JUNE 17, 2024
Online reviews are commonly given and used by consumers across many industries, from finding a good restaurant in a new town to reviewing a lawn care service provider. Nonetheless, fewer than 10% of SEC-registered investment advisers report using them, even though the SEC’s updated investment adviser marketing rule allows financial advisors to proactively encourage testimonials (from clients), use endorsements (from non-clients), and highlight their own ratings on various third-party revie
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Abnormal Returns
JUNE 17, 2024
Podcasts Matt Zeigler talks with Daniel Crosby about his new book "The Soul of Wealth" and much more. (epsilontheory.com) Michael Kitces talks with Mark Berg, Founder of Timothy Financial Counsel, about using an hourly fee model. (kitces.com) Amy Arnott and Christine Benz talk with Andrew Blake who is associate director of wealth management for Cerulli Associates about the upcoming wave of adviser retirements.
Advisor Perspectives
JUNE 17, 2024
In periods of positive stock/bond correlations, the case for diversified sources of return is much clearer. With stocks and bonds now showing their strongest positive correlation in almost 30 years, the natural diversification and risk protection that a traditional 60/40 portfolio offers is open to question.
Advertisement
Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be
Abnormal Returns
JUNE 17, 2024
Markets Big technological transitions are often associated with increase market concentration. (ritholtz.com) Every bull market is different. (bloomberg.com) Strategy Short-termism will crush a stock market investor. (awealthofcommonsense.com) Three things financial charlatans say including 'Here's how to get guaranteed returns.' (dariusforoux.com) Conor Mac, "The longer you invest, the more rocks you turn over, and the more you learn from mistakes, the sharper your perception grows over time. "
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
JUNE 17, 2024
This represents Allworth’s 18th California location, its fifth deal this year and 36th acquisition since 2018. Allworth now has 42 offices nationwide.
Random Roger's Retirement Planning
JUNE 17, 2024
Bloomberg wrote about factor strategies and the ETFs that track those factors. They included this table. There's a lot here I don't understand. Growth is up a lot more than 1.5%. Whatever they mean by Revisions or Trade Activity, I am not aware of ETFs that track these. If you can figure out what I am missing please leave a comment. We've looked at factor investing before and as we revisit it today, really this could be Part 2 from yesterday's post about the challenges of being patient.
Wealth Management
JUNE 17, 2024
Private Advisor Group's Verne Marble discusses the business structure options available to advisors thinking about going independent.
Carson Wealth
JUNE 17, 2024
Earnings Expectations Continue to Rise The summer rally continued last week, the S&P 500 gaining 1.4% and hitting more all-time highs. Stock gains ultimately depend on earnings and they continue to look good in both the short and long run. Inflation data finally provided some relief, with the Consumer Price Index coming in below expectations. Despite reining in expectations, the Fed is still likely to cut rates 1-2 times this year.
Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius
4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor
Wealth Management
JUNE 17, 2024
Cox, a former investment analyst at eToro, will be Ritholtz Wealth Management’s first market expert fully dedicated to its advisors.
MainStreet Financial Planning
JUNE 17, 2024
“MainStreet Chalk Talk” The MainStreet Financial Planning Discussion Club When : Thursday, June 27th at 6pm Eastern; 3pm Pacific ~30-45 minutes Recorded and able to retrieve for one week How : Zoom Meeting Free for current clients, $10 for guests Register here! Navigating Transitions with Purpose and Passion Hosted by: Anna Sergunina , CFP® Guest: Luanne Mullin, Retirement Counselor Retirement is a complex and exciting phase of life that we spend years working, saving, investing, and preparing
Wealth Management
JUNE 17, 2024
After suffering outflows in January, these long-only systematic funds popular with the retail crowd have now enjoyed five consecutive months of inflows and are on track to beat 2023’s haul.
Calculated Risk
JUNE 17, 2024
Container traffic gives us an idea about the volume of goods being exported and imported - and usually some hints about the trade report since LA area ports handle about 40% of the nation's container port traffic. The following graphs are for inbound and outbound traffic at the ports of Los Angeles and Long Beach in TEUs (TEUs: 20-foot equivalent units or 20-foot-long cargo container).
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
JUNE 17, 2024
Opto Investments' Jake Miller provides insights on the current state and future trends within private investments.
Advisor Perspectives
JUNE 17, 2024
Albert Einstein supposedly said that compound interest is the most powerful force in the universe. (He didn’t.) Thanks to neuronal adaptation, however, amnesia is the most powerful force in the financial universe.
Wealth Management
JUNE 17, 2024
After a relatively quiet April, asset managers cranked up the pace of launches in May with 50 new funds hitting the market.
A Wealth of Common Sense
JUNE 17, 2024
Today’s Talk Your Book is brought to you by StepStone Private Wealth: See here to learn more about investing in StepStone Private Wealth strategies and here for disclosure information On today’s show, we are joined by Bob Long, CEO of StepStone Private Wealth to give us insight into their latest Private Credit Fund CRDEX On today’s show, we discuss: What private credit is and how it works The reason.
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
JUNE 17, 2024
How an $8,000 marketing investment turned into a $650,000 risk.
Advisor Perspectives
JUNE 17, 2024
FINRA has released new data for margin debt, now available through May. The latest debt level fell for the first time in six months to $809.43 billion. Margin debt is up 4.4% month-over-month (MoM) and up 25.7% year-over-year (YoY). However, after adjusting for inflation, debt level is up 4.0% MoM and up 21.4% YoY.
Harness Wealth
JUNE 17, 2024
FOR IMMEDIATE RELEASE NEW YORK, NY — June 17, 2024: Harness, a New York-based fintech startup that is building the future of tax, announced today it has added another member to its leadership team. Steve Cheung, who most recently served as Architect and Director of Engineering at Flatiron Health, joins Harness as its Head of Engineering. Mr. Cheung brings nearly three decades of experience building high-performing teams and bringing technical products to market.
Advisor Perspectives
JUNE 17, 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 June 7th, the index was at 22.091, up 0.638 from the previous week, with 5 of the 6 components in expansion territory.
Advertisement
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!
Financial Symmetry
JUNE 17, 2024
Have you considered how your instincts influence your decision-making around retirement planning? Our natural instincts and biases create frameworks that lead our perspectives on how we think the world works. These frameworks influence our decisions surrounding our financial decisions. On … Continued The post How to Build Prosperity Through Your Perspective, Ep #218 appeared first on Financial Symmetry, Inc.
Wealth Management
JUNE 17, 2024
Schwab is the fifth-largest issuer of exchange-traded funds in the US, with its nearly $350 billion suite having more than doubled since 2019.
Calculated Risk
JUNE 17, 2024
From Matthew Graham at Mortgage News Daily: Mortgage Rates Back Above 7% to Start New Week Mortgage rates moved modestly higher to start the new week. With the average top tier 30yr fixed rate just under 7% on Friday, this meant a move to just over 7% today. [ 30 year fixed 7.05% ] emphasis added Tuesday: • At 8:30 AM: Retail sales for May is scheduled to be released.
Wealth Management
JUNE 17, 2024
Requiring greater collaboration, cutting edge technology and enabled workers and partners.
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!
Calculated Risk
JUNE 17, 2024
Today, in the Calculated Risk Real Estate Newsletter: Comparing the Current Housing Market to the 1978 to 1982 period A brief excerpt: In March 2022, I wrote: Housing: Don't Compare the Current Housing Boom to the Bubble and Bust It is natural to compare the current housing boom to the mid-00s housing bubble. The bubble and subsequent bust are part of our collective memories.
Advisor Perspectives
JUNE 17, 2024
All eight of the indexes on our world watch list have posted gains through June 17, 2024. The U.S.'s S&P 500 finished in the top spot with a YTD gain of 15.40%. Tokyo's Nikkei 225 finished in second with a YTD gain of 13.86% while India's BSE SENSEX finished in third with a YTD gain of 7.09%.
Sara Grillo
JUNE 17, 2024
The regulators don’t force insurance companies to provide in-force illustrations to their Universal Life policy holders and it allows them to deceive consumers who aren’t prepared to do the math required to know the truth. Insurance companies make Bernie Madoff look like a petty thief. Don’t fall for it! But before we get into it… Look, there are alot of schmucks out there hawking crap products disguised as financial advice.
Expert insights. Personalized for you.
312 
Let's personalize your content