Abnormal Returns
DECEMBER 19, 2023
Factors Timing returns factors is tempting, but difficult in practice. (alphaarchitect.com) The high quality anomaly shows up across asset classes. (advisorperspectives.com) A history of quant investing and the state of the factor zoo. (on.ft.com) Corporate finance Stock-based compensation makes a big difference for company valuations. (tdmgrowthpartners.com) Profit margins are high, debt refinancings are coming.
Nerd's Eye View
DECEMBER 19, 2023
Welcome everyone! Welcome to the 364th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Ted Jenkin. Ted is the founder of JTPD Partners, a consulting firm based in Atlanta, Georgia, that helps financial advisors gather offers, negotiate, and ultimately sell their advisory firms. What's unique about Ted, though, is how his journey to facilitate financial advisor mergers and acquisitions started from selling his own $2.2-billion AUM advisory firm that he spent more
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The Big Picture
DECEMBER 19, 2023
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. This is not an official transcript. 00:00:00 [Speaker Changed] This is Masters in business with Barry Ritholtz on Bloomberg Radio. 00:00:07 [Barry Ritholtz] This week on the podcast I have an extra special guest.
A Wealth of Common Sense
DECEMBER 19, 2023
The Nasdaq 100 is up more than 50% this year. The tech-heavy index is on pace for its first half-century performance since 2009. The Magnificent 7 stocks are a big reason for this year’s massive gains but it also helps that the Nasdaq crashed last year, falling more than 32%. In fact, if you look at the total returns since the start of 2022, it’s only slightly positive: It’s also true that large gains.
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Wealth Management
DECEMBER 19, 2023
More than 50 new ETFs launched in November.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
DECEMBER 19, 2023
One of the most influential figures in the financial services industry, Ric Edelman discusses the upcoming release of Bitcoin spot ETFs.
Calculated Risk
DECEMBER 19, 2023
Today, in the CalculatedRisk Real Estate Newsletter: Single Family Starts Increase Sharply in November, Near Record Number of Multi-Family Housing Units Under Construction Excerpt: The third graph shows the month-to-month comparison for total starts between 2022 (blue) and 2023 (red). Total starts were up 9.3% in November compared to November 2022. And starts year-to-date are down 9.9% compared to last year.
Wealth Management
DECEMBER 19, 2023
Exencial has picked up a $500 million Austin firm in its 3rd-ever acquisition.
Million Dollar Round Table (MDRT)
DECEMBER 19, 2023
By Antoinette Tuscano Reaching your goals, understanding your purpose as a financial advisor and amping up referral rates are covered in the most-viewed videos of 2023 on MDRT’s YouTube channel. These ideas came from MDRT Annual Meetings that spanned decades — from 1986 to 2022 — and from MDRT members worldwide. But no matter the decade, what remains the same is the spirit of generosity in which top financial advisors share some of their best ideas with their peers.
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.
Wealth Management
DECEMBER 19, 2023
Amma Boateng, who currently leads the broker/dealer channel within Financial Advisor Services, will succeed Tom Rampulla, effective Jan. 1.
Advisor Perspectives
DECEMBER 19, 2023
Are you an experiencing a decline in the acquisition of new clients?
Wealth Management
DECEMBER 19, 2023
With 15 deals announced and another three the firm says are expected, 2023 stands as the second-most active in WEG’s history.
Random Roger's Retirement Planning
DECEMBER 19, 2023
A new fund popped up thanks to a blog post from Nomadic Samuel. He does interesting deep dive interviews with various ETF execs and investors/adivsors (including me!) with the latest being the Simplify US Equity PLUS QIS ETF (SPQ). QIS in the name stands for quantitative investment strategies and QIS is also the symbol for another fund from Simplify.
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
Wealth Management
DECEMBER 19, 2023
A new JPMorgan report recommends a 25% position in alternative investments. Propmodo looks at progress in Opportunity Zone investments over the past six years. These are among today’s must reads from around the commercial real estate industry.
Calculated Risk
DECEMBER 19, 2023
Today, in the Calculated Risk Real Estate Newsletter: 4th Look at Local Housing Markets in November A brief excerpt: The National Association of Realtors (NAR) is scheduled to release November existing home sales tomorrow, Wednesday, December 20, 2023, at 10:00 AM ET. The consensus is for 3.78 million SAAR. Housing economist Tom Lawler expects the NAR to report sales of 3.87 million SAAR.
Wealth Management
DECEMBER 19, 2023
This approach allows an advisor to focus on what matters most to each client, adding more value to their services and growing client relationships.
Calculated Risk
DECEMBER 19, 2023
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 10:00 AM, Existing Home Sales for November from the National Association of Realtors (NAR). The consensus is for 3.78 million SAAR, down from 3.79 million.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.
Wealth Management
DECEMBER 19, 2023
Dan Seder shares Blue Chip Partners’ unique approach to managing human capital and building a growth engine inside a $1 billion AUM firm.
Advisor Perspectives
DECEMBER 19, 2023
Here are six crucial steps to build the ultimate intro meeting.
Wealth Management
DECEMBER 19, 2023
Well-run companies serving consumers or other businesses must balance high tech and high touch.
Calculated Risk
DECEMBER 19, 2023
From the Census Bureau: Permits, Starts and Completions Housing Starts: Privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,560,000. This is 14.8 percent above the revised October estimate of 1,359,000 and is 9.3 percent above the November 2022 rate of 1,427,000. Single‐family housing starts in November were at a rate of 1,143,000; this is 18.0 percent above the revised October figure of 969,000.
Speaker: Ashley Harlan, MBA
What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.
Wealth Management
DECEMBER 19, 2023
Wealth under management in Miami from Mexico clients alone increased by roughly 10% this year at JPMorgan, with similar gains coming from Argentina, Chile, Peru and several other Latin American nations
Trade Brains
DECEMBER 19, 2023
PLI Scheme : The government rolls out various schemes aimed at developing the key sectors in the economy by encouraging companies to participate. These schemes help boost domestic manufacturing, cut down import bills, and reduce imports. The scheme that provides financial incentives to companies that develop new products and technologies is known as the Production Linked Incentive (PLI) scheme.
Wealth Management
DECEMBER 19, 2023
Nicolas Puech, a reclusive fifth-generation descendant of the founder of French luxury giant Hermes International SCA, wants to adopt his middle-aged gardener to whom he would bequeath at least some of his fortune.
Trade Brains
DECEMBER 19, 2023
How to trade nifty futures : Nifty Futures is a form of derivative whose value is based on the Nifty 50 index that represents the overall performance of the market. This futures contract increases and decreases in value with the rise and fall of the index, respectively. If the participants are bullish on the index, they can enter a buy position in the futures contracts and they can enter a sell position if they are bearish on the index.
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
DECEMBER 19, 2023
Nearly $6 trillion is sitting in money-market funds held by investors who sought refuge from falling bond prices and this year’s turmoil at US banks.
Advisor Perspectives
DECEMBER 19, 2023
Finding a cost-effective way to reward key people is challenging. Let’s look at two alternative executive benefit compensation strategies – an executive bonus and non-qualified deferred compensation.
Wealth Management
DECEMBER 19, 2023
Older baby boomers have accumulated more than $14 trillion in additional net worth since the end 2019.
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