Wed.Oct 16, 2024

article thumbnail

MBA: Mortgage Applications Decreased in Weekly Survey

Calculated Risk

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 17.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending October 11, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 17.0 percent on a seasonally adjusted basis from one week earlier.

article thumbnail

Dianne Feinstein’s Personal Collection Breaks Records at Auction

Wealth Management

The sale of U.S. Sen. Dianne Feinstein's jewerly, art and more was administered in accordance with her complex trust.

Sales 306
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Personal finance links: misplaced criticisms

Abnormal Returns

Podcasts Peter Lazaroff talks with Josh Brown, author of "You Weren’t Supposed to See That: Secrets Every Investors Should Know." (peterlazaroff.com) Justin Carbonneau and Matt Zeigler talk with Ben Carlson about major investing mistakes. (youtube.com) Dan Haylett talks with Bill Bengen about safe withdrawal rates. (humansvsretirement.com) Jim Dahle talks with Andrew Tobias author of "The Only Investment Guide You'll Ever Need.

article thumbnail

Three Important Overlooked Life Insurance Concepts

Wealth Management

The principles of life insurance policies aren’t that complicated.

Insurance 290
article thumbnail

Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

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

article thumbnail

Alternative Minimum Tax (AMT) Planning After TCJA Sunset: Preparing Clients To (Re)Encounter AMT After 2025

Nerd's Eye View

Since the Tax Cuts & Jobs Act (TJCA) was passed in 2017, few households have been subject to the Alternative Minimum Tax (AMT), which TCJA restructured so that it applied mainly to a select number of upper-income households. But with the anticipated sunset of TCJA in 2026 and the reversion to the pre-2018 AMT rules, a large subset of households will find themselves owing AMT – many of whom will do so for the first time.

Taxes 246
article thumbnail

Focused on the Future: Unlocking the Future of Financial Advising with George Nichols

Wealth Management

American College of Financial Services CEO George Nichols explores how understanding the diverse needs of various communities is crucial for advisors.

More Trending

article thumbnail

How AI is Revolutionizing Wealth Management

Wealth Management

Uncovering the advantages and pitfalls of personalizing client service and streamlining workflows with AI.

article thumbnail

Thursday: Retail Sales, Unemployment Claims, Industrial Production, Homebuilder Survey

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, Retail sales for September will be released. The consensus is for a 0.2% increase in retail sales. • Also at 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for 265 thousand initial claims, up from 258 thousand last week. • Also at 8:30 AM, the Philly Fed manufacturing survey for October.

Retail 147
article thumbnail

AI Will Transform Philanthropy, Too

Wealth Management

As artificial intelligence becomes more powerful, it will enable charities to focus their efforts on more long-term problems.

284
284
article thumbnail

Real GDP Annual and Quarterly

Calculated Risk

The following graph shows real GDP quarterly (blue, annualized), and the year-over-year change in GDP (red). Click on graph for larger image. The pandemic slump and subsequent economic recovery are cutoff and marked.

Economics 147
article thumbnail

Book of Secrets on the Month-End Close

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.

article thumbnail

Beacon Pointe Acquires $1B Minnesota RIA

Wealth Management

The deal with Landmark Wealth Management Group marks Beacon Pointe’s fifth transaction this year and expands the firm’s Midwest footprint.

article thumbnail

US Gov Considers Breaking Up Google’s Monopoly Amid Antitrust Concerns

Trade Brains

Tech giant Google faces a potential breakup as U.S. regulators intensify their scrutiny of the company’s market dominance. The Department of Justice (DOJ) is weighing drastic measures to curb Google’s alleged monopolistic practices in the online search industry. Google, a household name synonymous with internet searches, has long dominated the digital landscape.

article thumbnail

Navigating the AI Frontier in Wealth Management and Fiduciary Liability

Wealth Management

Opportunities and challenges for family offices when using artificial intelligence.

article thumbnail

Mystery ETF Revealed

Random Roger's Retirement Planning

Some interesting, quick ETF stuff today. Below is a chart of the Tradr 2x Long SPY Weekly ETF (SPYB) compared to the S&P 500 and the ProShares Ultra S&P 500 ETF (SSO). Where market cap weighted 2x S&P 500 funds are concerned, they tend to be close more often than not. One month is not enough time to draw a conclusion about SPYB but it better then coming out of the blocks and failing right away.

article thumbnail

Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success

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?

article thumbnail

Morgan Stanley Posts Record New Wealth Revenue in Q3

Wealth Management

Morgan Stanley's wealth segment posted record net revenues in the third quarter, according to the firm's quarterly earnings.

265
265
article thumbnail

Some Hedge Funds Are Missing a Trick — Volume Alpha

Advisor Perspectives

Machine learning is ubiquitous in financial markets, and we tend to associate it with the sexy parts of hedge fund investing: what to buy, what to sell and how to pick a bottom or a top.

article thumbnail

Vanilla Closes on $35M in Funding

Wealth Management

The estate planning technology provider also announced a two-way integration with eMoney Advisor.

article thumbnail

Can Alibaba’s AI Tool compete against Chat GPT and Google Gemini AI?

Trade Brains

AI translation tools are transforming global communication. They allow businesses and individuals to bridge language barriers with ease. By leveraging machine learning and large language models, these tools quickly translate text while maintaining context and meaning. This helps users communicate clearly in different languages, opening up opportunities for global collaboration and commerce.

article thumbnail

Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

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.

article thumbnail

Strategies to Help Accelerate Business

Wealth Management

Are female clients the secret to growing your business? Find out.

Clients 261
article thumbnail

Breaking Barriers: Financial Empowerment for Women

Truemind Capital

Time for a Reality Check! – Only 33% of women in India make their own investment decisions – 60% of women defer financial decisions to male family members As a financial advisor with 14 years of experience, I’ve observed a concerning gap in financial literacy that disproportionately affects women. Today, I want to address this crucial issue head-on.

article thumbnail

401(k) Real Talk Episode 126: October 16, 2024

Wealth Management

Open, honest and candid discussion about another data breach, the Supreme Court hearing an ERISA case, alts in DC plans, the evolution of target date funds and more.

Planning 256
article thumbnail

Do risk reports communicate effectively?

Norman Marks

Imagine these are reactions to the CRO’s risk reports, at different times from different people: CEO: “OK, I see this risk matrix. What does it mean? Why are you showing it to me? What am I supposed to do with it?” Board member: “Didn’t we see and discuss this in our last meeting?

article thumbnail

Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

article thumbnail

Commonwealth Financial Updates Investment Platform, Introduces Outsourced Technology Management

Wealth Management

New UMA capabilities, personalized indexing, automated tax-loss harvesting and CTO Services announced for 2025 by Commonwealth.

article thumbnail

Animal Spirits: The 1990s Really Were Better

A Wealth of Common Sense

Today’s Animal Spirits is brought to you by Nasdaq and Fabric: See here for more information on the largest U.S. equities exchange by market share Go to meetfabric.com/spirits for more information on life insurance from Fabric by Gerber Life On today’s show, we discuss: US Consumer Spending Is Increasingly Driven by Richer Households This is a great economy.

article thumbnail

Focused on the Future: Unlocking the Future of Financial Advising with George Nichols

Wealth Management

American College of Financial Services CEO George Nichols explores how understanding the diverse needs of various communities is crucial for advisors.

article thumbnail

Tech Industry Layoffs: 135,000 Jobs Cut as AI Takes Centre Stage

Trade Brains

The once-mighty tech sector, a cornerstone of the US economy and a global powerhouse, faces unprecedented challenges. Mass layoffs and a dramatic shift towards AI have reshaped the industry landscape. This transformation began in 2022 and continues to send shockwaves through the job market in 2024. The Great Tech Exodus Since 2022, the tech industry has witnessed a staggering wave of job cuts.

article thumbnail

Fall In Love With the Month-End Close

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.

article thumbnail

AI Will Transform Philanthropy, Too

Wealth Management

As artificial intelligence becomes more powerful, it will enable charities to focus their efforts on more long-term problems.

251
251
article thumbnail

Tesla’s Robot Unveiling Raises Doubts: Investors Disappointed by Missed Targets

Trade Brains

Tesla, the renowned electric vehicle manufacturer, recently hosted its “We, Robot” event on October 10, 2024. The company showcased its latest robotic technologies, including the humanoid robot Optimus and the self-driving Cybercab. Optimus: The Remote-Controlled Bartender Optimus, Tesla’s humanoid robot, took centre stage at the event’s afterparty.

article thumbnail

Beyond the Forgivable Loan: The Evolution of Transition Deal Structures

Wealth Management

There are additional deal structures beyond the traditional note, but the ramifications vary considerably from one approach to the other.

230
230
article thumbnail

Waaree Energies Limited IPO Review 2024: GMP, Financials, And More

Trade Brains

Waaree Energies Limited is coming up with an IPO size of Rs. 4,321.44 crore. The company is going for fresh issues of Rs. 3,600 crore and an offer for sale of Rs. 721.44 crore, which will open on 21st October 2024. The issue will close on 23rd October 2024 and be listed on the stock exchange on 28th October 2024. In this article, we will explore the Waaree Energies Limited IPO Review and analyze its strengths and weaknesses.

article thumbnail

The Future Of Finance: How To Manage Spend The Right Way

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