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.
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
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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.
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.
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.
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.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
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.
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.
Wealth Management
JUNE 11, 2024
Instead of simply a question-and-answer format, Brightwave reports are “living documents” that can be expanded and manipulated based on an advisor’s interests.
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.
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
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.
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.
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.
Wealth Management
JUNE 11, 2024
Explaining the fallacy of a free dividend can overcome both investor ignorance and their biases.
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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.
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.
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.
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
Wealth Management
JUNE 11, 2024
The online presence and listings manager could pay up to $220 million for the client engagement and compliance platform.
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
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.
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.
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.
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.
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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.
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%
Wealth Management
JUNE 11, 2024
SRM Private Wealth represents the 11th team to join Summit this year. It will use Goldman Sachs for custody.
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.
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.
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!
Advisor Perspectives
JUNE 11, 2024
General Motors Co. authorized a new $6 billion share buyback plan as improving profitability in its electric vehicle operations allows the automaker to return cash to investors.
Wealth Management
JUNE 11, 2024
In a challenging labor market, attracting and retaining talent remains a top priority for firms.
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.
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