Abnormal Returns
JULY 2, 2024
Markets It's been awhile since we had a 1% drop in the S&P 500. (cautiouslyoptimist.com) Even when the stock market is up YTD there are plenty of stocks that are down on the year. (awealthofcommonsense.com) Putting the growth in private credit into some perspective. (apolloacademy.com) Fund management Hedge funds have a size problem. (bloomberg.com) A great reminder that index construction matters.
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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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.
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 ).
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
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.
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.
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.
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.
Wealth Management
JULY 2, 2024
The U.S. has a major spending problem which neither political party seems willing to address.
Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor
During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.
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.
Wealth Management
JULY 2, 2024
Dangers abound when wealth enterprises celebrate founders over advisors.
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
An extreme blow to market sentiment would be needed to derail the flow of cash into the soaring Big Tech names.
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Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.
Advisor Perspectives
JULY 2, 2024
In many situations, my clients will tell us they hear “crickets” when they ask for feedback. In large forums many people are simply uncomfortable bringing things up.
Wealth Management
JULY 2, 2024
If hedge funds don’t acknowledge their capacity constraints, investors will eventually do it for them.
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
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.
Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC
In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.
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
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.
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.
Advisor Perspectives
JULY 2, 2024
The S&P 500 real monthly averages of daily closes just reached a new all-time high in June 2024, surpassing its previous peak from November 2021. Let's examine the past to broaden our understanding of the range of historical bull and bear market trends in market performance.
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Creating a winning digital lending experience requires plenty of focus on the needs of customers and more. Biz2X Chief Product Officer Aaron Traub covers everything from how to create such an experience, areas to hone in on, pitfalls to avoid, and plenty more in this insightful article. Discover how to utilize new technology without alienating existing customers, what to emphasize when working on your platform, and how to utilize the data at your disposal while not becoming overly reliant on it.
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
With the Q1 GDP third estimate and the June close data, we now have an updated look at the popular "Buffett Indicator" -- the ratio of corporate equities to GDP. The current reading is 197.4%, up from 183.4% the previous quarter.
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.
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.
Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker
If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!
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.
Advisor Perspectives
JULY 2, 2024
The latest job openings and labor turnover summary (JOLTS) report showed that job openings unexpectedly rose in May for the first time in three months. Vacancies increased to 8.140 million in May from April's downwardly revised level of 7.919 million. The latest reading was above the expected 7.960 million vacancies.
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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