Wealth Management

JUNE 11, 2024

Explaining the fallacy of a free dividend can overcome both investor ignorance and their biases.

Education 308

Education Economics 308

Calculated Risk

JUNE 11, 2024

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, The Consumer Price Index for May from the BLS. The consensus is for 0.2% increase in CPI (up 3.4% YoY), and a 0.3% increase in core CPI (up 3.5% YoY). • At 2:00 PM, FOMC Statement.

Economics 273

Economics Marketing Marketing 273

Wealth Management

JUNE 11, 2024

SRM Private Wealth represents the 11th team to join Summit this year. It will use Goldman Sachs for custody.

278

278

Abnormal Returns

JUNE 11, 2024

Diversification We are in a 'bear market for diversification.' (thinkadvisor.com) What really is the goal of portfolio diversification? (rogersplanning.blogspot.com) Books Insights from "The Price of Time: The Real Story of Interest" by Edward Chancellor. (blas.com) A review of Nathaniel Popper's "The Trolls of Wall Street: How the Outcasts and Insurgents are Hacking the Markets.

Financial Advising 266

Financial Advising Retail Healthcare Economy 266

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

Accounting

Wealth Management

JUNE 11, 2024

The online presence and listings manager could pay up to $220 million for the client engagement and compliance platform.

Compliance 278

Compliance Clients Management 278

Abnormal Returns

JUNE 11, 2024

Concentration A look at 200 years of stock market concentration in the U.S. (globalfinancialdata.com) "Stock Market Concentration: How Much is Too Much?" by Mauboussin and Callahan. (morganstanley.com) Trend What happens when you stack managed futures trend on top of equities? (caia.org) Comparing the diversification benefits of bonds vs. trend following.

Media 263

Media Portfolio Economy Accounting 263

Nerd's Eye View

JUNE 11, 2024

Welcome everyone! Welcome to the 389th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Mark Berg. Mark is the Founder of Timothy Financial Counsel, an RIA based in Wheaton, Illinois, that is on track to generate approximately $5 million in annual revenue this year serving 800 client households. What's unique about Mark, though, is how his firm has scaled from $1.8 million of revenue to $5 million, in only 6 years, and has maintained a 25% profit margin… al

Planning 246

Planning Financial Advisor Financial Counseling Clients 246

Wealth Management

JUNE 11, 2024

In a challenging labor market, attracting and retaining talent remains a top priority for firms.

Marketing 267

Marketing Marketing 267

Calculated Risk

JUNE 11, 2024

From STR: U.S. hotel results for week ending 1 June Due to Memorial Day, the U.S. hotel industry reported lower performance results from the previous week but slightly positive comparisons year over year, according to CoStar’s latest data through 1 June. 26 May through 1 June 2024 (percentage change from comparable week in 2023): • Occupancy: 62.0% (+0.9%) • Average daily rate (ADR): US$150.87 (+0.1%) • Revenue per available room (RevPAR): US$93.50 (+1.0%) emphasis added The following graph show

173

173

Wealth Management

JUNE 11, 2024

An RIA’s level of satisfaction with a custodian is directly correlated with the proportion of assets held with them.

Assets 267

Assets 267

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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

Accounting

Calculated Risk

JUNE 11, 2024

The key economic report this week is May CPI to be released tomorrow. The consensus is for 0.2% increase in CPI (up 3.4% YoY unchanged from April), and a 0.3% increase in core CPI (up 3.5% YoY, down from 3.6% YoY in April). From BofA: After averaging 0.4% m/m in January through March, inflation took a small step in the right direction in April with core Consumer Price Inflation (CPI) and Personal Consumption Expenditure Inflation (PCE) both decelerating to 0.3% m/m (core PCE inflation was 0.26%

Economics 162

Economics 162

Wealth Management

JUNE 11, 2024

Family offices plan to be active acquirers of stakes in private companies, according to a study by BNY Mellon Wealth Management. ETF.com looked at how inflation and expectations on potential interest rate cuts is affecting rate-sensitive ETFs. These are among the investment must reads we found this week for wealth advisors.

Investments 267

Investments Investing Wealth Advisor Wealth Management 267

Calculated Risk

JUNE 11, 2024

Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in May A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to May 2019 for each local market (some 2019 data is not available). This is the second look at several early reporting local markets in May. I’m tracking over 40 local housing markets in the US.

Marketing 162

Marketing Marketing Sales Numbers 162

Wealth Management

JUNE 11, 2024

How AI revolutionizes wealth management with personalized, efficient solutions.

Wealth Management 265

Wealth Management Management 265

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Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?

Sales

The Big Picture

JUNE 11, 2024

The transcript from this week’s, MiB: Peter Mallouk, Creative Planning CEO , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ Bloomberg Audio Studios, podcasts, radio News. This is Masters in business with Barry Ritholtz on Bloomberg Radio.

Planning 162

Planning Clients Investing Investments 162

Wealth Management

JUNE 11, 2024

Independence affords advisors the flexibility to break out on their own and still work with a broker/dealer on commissionable business.

261

261

A Wealth of Common Sense

JUNE 11, 2024

The plural of anecdote is not data. You can’t extrapolate your individual experience or the experiences of your family, friends and peers to the broader economy, markets, political climate, etc. Just because the dumbest person you know is going all-in on Nvidia does not mean the stock market is going to collapse tomorrow. That’s not how any of this works.

Economy 138

Economy Marketing Marketing 138

Wealth Management

JUNE 11, 2024

The acquisition of Shore Morgan Young, an RIA with over $615 million in client assets, gives Lido a foothold in the Silicon Heartland.

Investments 251

Investments Investing Assets Clients 251

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Accounting

Alpha Architect

JUNE 11, 2024

Simple models severely understate return predictability compared to “complex” models in which the number of parameters exceeds the number of observations. Complexity is a virtue in return prediction was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Numbers 121

Numbers 121

Wealth Management

JUNE 11, 2024

California-based duo Tim Woodall and Dustin Raring are the latest team from the collapsed bank to leave its acquirer. They are joining LPL through its affiliation model for employee advisors.

Banking 246

Banking 246

Advisor Perspectives

JUNE 11, 2024

By championing innovation, fostering cross-functional collaboration, and driving a holistic growth strategy, a CGO can propel your firm towards achieving its growth targets and securing its competitive edge.

105

105

Wealth Management

JUNE 11, 2024

Denver-based SRS Capital Advisors is the latest RIA to join under Arax’s multi-boutique strategy.

Recruitment 246

Recruitment 246

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.

Assets

Million Dollar Round Table (MDRT)

JUNE 11, 2024

By Yohei Tomita In my fifth year in this profession, I was lost and worried. I was working like a horse day and night and made it to the top 20% of my primary company’s production ranking. However, high-performing colleagues were producing the same in half the time. I thought, I must be doing something wrong. One day, I visited a Zen temple with an old friend to practice zazen, which is seated meditation.

Recruitment 103

Recruitment Sales Management 103

Wealth Management

JUNE 11, 2024

Almost 50% of pension funds, insurers or other investors already have money in funds that have little hope of liquidating their assets or raising a successor vehicle, according to Coller Capital.

Insurance 205

Insurance Assets 205

Advisor Perspectives

JUNE 11, 2024

While early earnings guidance for Q2 is more a mixed bag, and not all months will look like this, May was a great month for equity investors. The adage, “Sell in May and go away” hasn’t seemed to work out so well over the last few decades.

98

98

Random Roger's Retirement Planning

JUNE 11, 2024

Yesterday we asked if diversification was dead. It is of course not dead but bonds became a far less effective diversifier years ago, long before 2022 when interest rates started going up. The reason I say that is with rates on their way to zero, the risk to holding longer duration bonds went up. The risk was there for years, 2022 when when there was a consequence to investors who took that risk.

Math 98

Math Portfolio Management Taxes 98

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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.

Accounting

NAIFA Advisor Today

JUNE 11, 2024

Earlier this year, I encountered a remarkable AI tool with transformative capabilities. This tool can seamlessly import various documents, such as a PDF of an IUL illustration, and then empower users to enact changes effortlessly. With just a simple click of a button labeled "Analyze with AI," it initiates a swift process of recalculations, adjusting parameters like premium, face amount, load amount, and credit rating.

Insurance 64

Insurance 64

Advisor Perspectives

JUNE 11, 2024

The headline number for the NFIB Small Business Optimism Index rose to 90.5 in May, the index's highest level of 2024. The latest reading was better than the forecast of 89.8 but marked the 29th straight month the index has been below the series average of 97.9.

Numbers 64

Numbers 64

Discipline Funds

JUNE 11, 2024

One of the persistent themes in recent years has been the high and increasing concentration in US stocks. In fact, the outperformance of US stocks has been driven almost entirely by large cap US tech names and the “Magnificent 7” How worrisome is this and does it matter to your portfolio? Let’s explore this in a little more detail.

Valuation 52

Valuation Marketing Marketing Risk Management 52

Advisor Perspectives

JUNE 11, 2024

The 20th century Baby Boom was one of the most powerful demographic events in the history of the United States. We've created a series of charts to show seven age cohorts of the employed population from 1948 to the present.

59

59

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

Management