Calculated Risk
JULY 2, 2024
Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt: Tracking rents is important for understanding the dynamics of the housing market. For example, the sharp increase in rents helped me deduce that there was a surge in household formation in 2021 (See from September 2021: Household Formation Drives Housing Demand ).
Wealth Management
JULY 2, 2024
Dangers abound when wealth enterprises celebrate founders over advisors.
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Calculated Risk
JULY 2, 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 8:15 AM, The ADP Employment Report for June. This report is for private payrolls only (no government). The consensus is for 170,000 payroll jobs added in June, up from 152,000 in May. • At 8:30 AM, The initial weekly unemployment claims report will be released.
Wealth Management
JULY 2, 2024
The U.S. has a major spending problem which neither political party seems willing to address.
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
Abnormal Returns
JULY 2, 2024
Quant stuff Beware small sample sizes. (mrzepczynski.blogspot.com) Just how useful is historical financial markets data? (retirementresearcher.com) A round-up of recent white papers including 'Embracing Down Rounds: A Potential Path to Long-Term Equity Value.' (bpsandpieces.com) Corporate finance Are companies any good at timing share repurchases? (marketwatch.com) When a company shifts its financial targets - take note.
Wealth Management
JULY 2, 2024
The deal is the latest example of Focus Financial’s consolidation efforts and will bring Kovitz to more than $24 billion in client assets.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
JULY 2, 2024
The new location will be opened by the end of this year, and will house Good Life Founder and CEO Conor Delaney.
Calculated Risk
JULY 2, 2024
Notes: This CoreLogic House Price Index report is for May. The recent Case-Shiller index release was for April. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic: Annual US Home Price Growth Dips Below 5% in May as Prices Cool Across More Markets • U.S. single-family home prices (including distressed sales) increased by 4.9% year over year in May 2024 compared with May 2023.
Wealth Management
JULY 2, 2024
Bill Capuzzi, CEO of Apex Fintech Solutions, invites you to unlock the power of AI by revolutionizing your advisory practice with the right technology stack.
Calculated Risk
JULY 2, 2024
Wards Auto released their estimate of light vehicle sales for May: Cyberattack Puts Dent in June U.S. Light-Vehicle Sales (pay site). An initial estimate indicates the cyberattack cost the industry 50,000 unit-sales in June and knocked 600,000 off the month’s seasonally adjusted annual rate, which totaled 15.3 million. The disruptions caused quarterly sales to decline year-over-year for the first time since Q3-2022, as deliveries totaled 4.075 million units, down 0.4% from April-June 2023.
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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.
Wealth Management
JULY 2, 2024
An extreme blow to market sentiment would be needed to derail the flow of cash into the soaring Big Tech names.
Calculated Risk
JULY 2, 2024
From the BLS: Job Openings and Labor Turnover Summary The number of job openings changed little at 8.1 million on the last business day of May , the U.S. Bureau of Labor Statistics reported today. Over the month, both the number of hires and total separations were little changed at 5.8 million and 5.4 million, respectively. Within separations, quits (3.5 million) and layoffs and discharges (1.7 million) changed little. emphasis added The following graph shows job openings (black line), hires (da
Wealth Management
JULY 2, 2024
If hedge funds don’t acknowledge their capacity constraints, investors will eventually do it for them.
Nerd's Eye View
JULY 2, 2024
Welcome everyone! Welcome to the 392nd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Kristopher Heck. Kristopher is a Founding Partner of Tanager Wealth Management, an RIA based in London, England, that oversees approximately $1.1 billion in assets under management (AUM) for 630 client households. What's unique about Kristopher, though, is how his firm has scaled to more than a billion dollars of AUM while specializing in working with clients whose personal an
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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?
Wealth Management
JULY 2, 2024
Join George Tamer, Head of Advisory Sales at Apex Fintech Solutions, as he discusses how modern wealth management demands efficiency and digital sophistication.
The Big Picture
JULY 2, 2024
The transcript from this week’s, MiB: Eva Shang, CEO, Legalist , 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 Barry Ritholtz : This week on the podcast.
Wealth Management
JULY 2, 2024
Megan Hausmann, senior director of advisory success at Apex Fintech Solutions, emphasizes the need for advisors to adapt their technology to meet the needs of next-gen investors.
A Wealth of Common Sense
JULY 2, 2024
Halfway through the year, the S&P 500 was up 15.3%, including dividends. Despite these impressive gains the bull market has been relatively boring this year. There have been just 14 trading days with gains of 1% or more. There has been just a single 2% up day in 2024. And there have only been 7 days of down 1% or worse. Small moves in both directions.
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Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
Wealth Management
JULY 2, 2024
Olivia Eisinger, GM of Advisory at Apex Fintech Solutions, discusses how advisory firms can become a destination for top next-gen talent.
Million Dollar Round Table (MDRT)
JULY 2, 2024
By Bryce Sanders It has been said public speaking is the future of prospecting. If you stand up in a room of 50-plus people and make a good impression, logically you should gain a client or two plus several prospects. If you’d like to try it out, here are a few ideas to get you started and some places to speak that you — and other financial advisors — may not have thought of.
Advisor Perspectives
JULY 2, 2024
The years-long parade of freedom-seeking advisors out of the wirehouses continues unabated. Meanwhile, consolidation of RIA firms, driven by private equity’s hot money, has similar momentum. Are these trends on a collision course?
Truemind Capital
JULY 2, 2024
🔊 Play Audio The category of Equity MFs with the highest inflows in the last one year is NOT Small Cap Funds. The money flown into Sectoral/Thematic funds (INR 70,072 crores) topped the charts and is even higher than individual categories of large, mid & small cap put together! New Fund Offerings (NFOs) have contributed significantly to this trend.
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.
Advisor Perspectives
JULY 2, 2024
How safe is your IRA? Not from economic ups and downs, but from your own vulnerability to scammers? While financial scams are often perceived as targeting senior citizens, younger generations are equally susceptible.
Random Roger's Retirement Planning
JULY 2, 2024
In its latest post, Finomial may have poured cold water on factor investing. One way that factors are used is as sort of rearranging the S&P 500 to weight it differently or sampling a smaller chunk of the 500 that have some trait in common. The more common ones are momentum, quality, low volatility, even value and growth could be considered factors too.
Advisor Perspectives
JULY 2, 2024
Unlocking your practice's full potential involves strategic planning and a comprehensive understanding of these critical factors. Whether you’re planning an exit or aiming for growth, these insights will help you maximize your practice's value.
Your Richest Life
JULY 2, 2024
Your Richest Life is ten! When I started this business a decade ago, I wanted to give busy professionals access to financial planning services that would support their goals, and fit into their demanding schedules. I hoped to empower and educate my clients, and show them that their dreams were possible. There have been plenty of lessons learned along the way, but at its core, the mission of Your Richest Life has remained the same: to help my clients confidently take charge of their financial f
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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.
Advisor Perspectives
JULY 2, 2024
In this article, I will explore the key considerations for investment advisors when selling a minority interest in their firms to maximize the likelihood of success. I discuss how to choose the right investor, provide a blueprint for the process.
SEI
JULY 2, 2024
This edition of Forward will look at the current state of capital markets through the lens of the Olympic maxim.
Advisor Perspectives
JULY 2, 2024
Financial advisors can future-proof their businesses and maintain their relevance in an increasingly tech-driven world by combining human expertise with AI’s efficiency and analytical prowess.
Investment Writing
JULY 2, 2024
Did you ever learn that you shouldn’t “split infinitives”? You probably know that it means to insert an adverb or adverbial phrase between “to” and a verb. The proponents of “no split infinitives” don’t like Star Trek ’s mission “to boldly go where no one has gone before.” However, apparently, no such rule exists, according to many experts. Grammarly says, “It’s generally preferable to place an adverb as close as possible to the verb it is modifying.” Also, it says, “Sometime
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
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