Wealth Management
JUNE 28, 2024
Asset managers continue to launch investment products that resonate with advisors. But what assets work best in the space, and how to deploy them into client portfolios, remains up for debate.
Abnormal Returns
JUNE 28, 2024
Business Matte Reustle talks with Joseph Shaposhnik about the business of Motorola Solutions ($MSI). (joincolossus.com) Barry Ritholtz talks with Peter Rawlison, CEO of Lucid Motors ($LCID). (ritholtz.com) Finance Ted Seides talks market narratives and more with Ben Hunt. (capitalallocators.com) Matt Zeigler talks with Epsilon Theory co-founder Rusty Guinn.
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Wealth Management
JUNE 28, 2024
Family offices can be strong predictors of future trends because of their uniquely long-term outlook.
Abnormal Returns
JUNE 28, 2024
Strategy Is the small cap premium dead? (awealthofcommonsense.com) Home bias illustrated: the case of Canadian investors. (bnnbloomberg.ca) The financial markets are noisy. You need a path through. (marknewfield.substack.com) Companies Accenture ($ACN) is making bank on generative AI. (sherwood.news) Walgreens ($WBA) is closing hundreds of U.S. stores.
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
Wealth Management
JUNE 28, 2024
The alternative investment manager was among the first to launch an interval fund in 2019, with a focus on private credit.
Calculated Risk
JUNE 28, 2024
Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through May 2024. CPI Shelter was up 5.4% year-over-year in May, down from 5.5% in April, and down from the cycle peak of 8.2% in March 2023. Housing (PCE) was up 5.5% YoY in May , down from 5.6% in April, and down from the cycle peak of 8.3% in April 2023.
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Calculated Risk
JUNE 28, 2024
The BEA released the Personal Income and Outlays report for May: Personal income income increased $114.1 billion (0.5 percent at a monthly rate) in May , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes, increased $94.0 billion (0.5 percent) and personal consumption expenditures (PCE) increased $47.8 billion (0.2 percent).
Wealth Management
JUNE 28, 2024
The six new SMA strategies from Fidelity Investments will focus on fixed-income products and equity indices.
Nerd's Eye View
JUNE 28, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent study found that at a time when the number of SEC-registered broker-dealers and their registered representatives is declining, the number of SEC-registered RIAs, their assets under management, and the number of clients they serve all grew in 2023, reflecting the attractiveness of the RIA model to both advisors and clients alike and the ability for firms acro
Wealth Management
JUNE 28, 2024
She’s stepped down from 2050 Wealth Partners, the RIA she co-founded with financial planner Lazetta Braxton in 2020.
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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.
The Big Picture
JUNE 28, 2024
This week, we speak with Eva Shang , co-founder, general partner, and chief executive officer of Legalist , an institutional alternative asset management firm. She leads the company’s 35-person team of engineers, attorneys, and analysts, and is a member of the firm’s valuation and investment committees. Before co-founding Legalist at 20, Eva studied economics at Harvard College.
Wealth Management
JUNE 28, 2024
A rundown of some of the major trends within the ETF space during the first half of 2024,
Calculated Risk
JUNE 28, 2024
Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in May; Up 5.9% Year-over-year A brief excerpt: On a year-over-year basis, the National FMHPI was up 5.9% in May, down from up 6.4% YoY in April. The YoY increase peaked at 19.1% in July 2021, and for this cycle, bottomed at up 0.9% YoY in April 2023. As of May, 15 states and D.C. were below their previous peaks, Seasonally Adjusted.
Wealth Management
JUNE 28, 2024
Jon Adams, CIO of Calamos Wealth Management, a $3.75B RIA, speaks on how the firm's roots in asset management inform its approach to investment selection.
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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?
Calculated Risk
JUNE 28, 2024
From BofA: Since our last weekly publication, 2Q GDP tracking is down from 1.8% q/q saar to 1.7% q/q saar and 1Q GDP came in at 1.4% in the third print. Here is a rundown of changes to our tracking estimate. [June 28th estimate] emphasis added From Goldman: We left our Q2 GDP tracking estimate unchanged on net at +1.9% (qoq ar) and lowered our Q2 domestic final sales forecast by 0.4pp to +1.6%.
Wealth Management
JUNE 28, 2024
Gurbir Grewal said he sees a range of potential risks in the $1.7 trillion private-lending industry.
A Wealth of Common Sense
JUNE 28, 2024
I came across a bunch of charts in the past few weeks about Europe’s economic and market struggles. Let’s take a look. These charts that show how the biggest companies in the U.S. stock market are as big or bigger than some of the biggest economic powers in Europe always get me: The UK has something like 1,900 stocks on the London exchange.
Alpha Architect
JUNE 28, 2024
While both the S&P 500 and the Nikkei indices have recently hit all-time highs, the valuation and balance sheet data we have reviewed indicate that the downside risks in Japanese stocks appear to be far less than the risks in U.S. stocks. Evidence such as this helps explain why legendary investor Warren Buffett has been buying Japanese stocks. U.S.
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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.
Advisor Perspectives
JUNE 28, 2024
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process.
MainStreet Financial Planning
JUNE 28, 2024
When creating a college plan, it is a good idea to include grandparents early in the planning process. College is a big expense, so having a village can be helpful! Talking about money can feel uncomfortable. Grandparents may be reluctant to offer their support because maybe they are not sure of the best way to help or perhaps, they are not sure if their support is needed.
Advisor Perspectives
JUNE 28, 2024
The US trucking market, which has been in recession for more than a year now, is poised to recover … at some unknowable point in the future.
Wealthfront
JUNE 28, 2024
We built the Wealthfront Cash Account to be the ideal home for your short-term cash. That’s why the Cash Account comes with a high APY and up to of FDIC insurance through our partner banks, with absolutely no account fees. It’s no secret that earning a high APY on your cash is incredibly powerful. But […] The post How To Get the Most Out of Your Cash Account appeared first on Wealthfront Blog.
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
JUNE 28, 2024
The BEA's Personal Income and Outlays report revealed inflation rose at its slowest monthly in the past six months. Core PCE, the Fed's favored measure of inflation, was up 0.1% from April and was up 2.6% year-over-year. Both readings were consistent with their respective forecasts.
Indigo Marketing Agency
JUNE 28, 2024
In our Advisor Spotlight Series, we aim to highlight our amazing financial advisors who go above and beyond, whether through volunteer work, unique tax planning, or thought leadership (just to name a few). We’re proud of the incredible people who partner with us to elevate their business with the ultimate end goal of bettering others’ lives through successful wealth management.
Advisor Perspectives
JUNE 28, 2024
Consumer sentiment fell to a 7-month low in June according to the final report for the Michigan Consumer Sentiment Index. The index dropped 0.9 points (-1.3%) to 68.2 from May's final reading. The latest reading was below the forecast of 65.6.
NAIFA Advisor Today
JUNE 28, 2024
The U.S. Supreme Court’s landmark decision in Connelly v. United States has fundamentally changed the landscape of buy-sell planning for many business owners. Join us for a webinar on Tuesday, July 16, 2024, from 12:00 pm to 1:00 pm eastern , to explore these changes and learn how to navigate the new complexities of buy-sell agreements effectively. This live event is free for members.
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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
JUNE 28, 2024
Consumer attitudes are measured by two monthly surveys: the University of Michigan’s Consumer Sentiment Index (MCSI) and the Conference Board’s Consumer Confidence Index (CCI). In June, the MCSI fell to its lowest level in seven months to 68.2. Meanwhile, the CCI inched down to 100.4.
Discipline Funds
JUNE 28, 2024
What a week. Here are three things I think I am thinking about. 1) The (gulp) election. Thursday’s Presidential debate was stunning. I jokingly tweeted in advance that we were all going to tune in to see whether these two men are senile or not. And what we found out is that Trump seems roughly the same and Biden looked very, very old. Of course, I am just a perfectly objective moderate so I don’t fall on one side or the other, but to state the obvious – this bodes poorly for th
Advisor Perspectives
JUNE 28, 2024
With the release of May's report on personal incomes and outlays, we can now take a closer look at "real" disposable personal income per capita. At two decimal places, the nominal 0.41% month-over-month change in disposable income comes to 0.42% when we adjust for inflation. The year-over-year metrics are 3.13% nominal and 0.55% real.
Advisor Perspectives
JUNE 28, 2024
Personal income ( excluding transfer receipts ) rose 0.5% in May and is up 4.6% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.5% month-over-month and up 2.0% year-over-year.
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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