Calculated Risk
JULY 11, 2024
Here are a few measures of inflation: The first graph is the one Fed Chair Powell had mentioned when services less rent of shelter was up around 8% year-over-year. This declined, but has turned up recently, and is now up 4.8% YoY. Click on graph for larger image. This graph shows the YoY price change for Services and Services less rent of shelter through May 2024.
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Abnormal Returns
JULY 11, 2024
Defense How Russia has adapted to Western weapons in Ukraine. (wsj.com) Advances in drone warfare has happened outside the purview of the defense giants. (on.ft.com) GPS is increasingly under attack. (nytimes.com) Gambling Stock trading continues to migrate onto smartphones and apps. (bloomberg.com) Smartphones and ubiquitous gambling go hand-in-hand.
Wealth Management
JULY 11, 2024
Rock House Financial, which works with business owners, women and social media influencers, manages $272 million in assets.
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 11, 2024
Markets Today's constructive CPI report rang a bell for financial markets. (sherwood.news) Falling interest rates helped push 30-year mortgage rates well below 7.0%. (mortgagenewsdaily.com) Finance Private equity firms just can't quit dividend recaps. (finance.yahoo.com) The market for leveraged loans is open for business, especially refinancings. (wsj.com) Weight loss drugs Patients with Type 2 diabetes are struggling to get GLP-1 drugs.
Wealth Management
JULY 11, 2024
Precise index projections have never served investors well.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
JULY 11, 2024
FINRA accused D. Allen Blankenship of unsuitable mutual fund trading. Still, the broker is looking to SEC v. Jarkesy and claiming the disciplinary proceedings violate his right to a jury trial.
Nerd's Eye View
JULY 11, 2024
Meaningful communication is crucial to building strong, durable relationships, and asking effective questions is an essential part of facilitating impactful conversations. Being able to initiate and lead those conversations has become an important aspect of any financial advicer's skill set , but for many, it's one that isn't always as straightforward or easy to learn … particularly for advicers who might be happiest when nerding out with spreadsheets and flowcharts!
Wealth Management
JULY 11, 2024
C&J Wealth represents Modern Wealth’s ninth acquisition in the last 14 months and provides a foothold in the South.
Calculated Risk
JULY 11, 2024
What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For June, Realtor.com reported inventory was up 36.7% YoY, but still down 32.4% compared to April 2017 to 2019 levels. Now - on a weekly basis - inventory is up 34.5% YoY. Realtor.com has monthly and weekly data on the existing home market.
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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 11, 2024
Stratos Private Wealth President Jeff Brown details his journey.
Calculated Risk
JULY 11, 2024
From the BLS : The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent on a seasonally adjusted basis , after being unchanged in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.0 percent before seasonal adjustment. The index for gasoline fell 3.8 percent in June, after declining 3.6 percent in May, more than offsetting an increase in shelter.
Wealth Management
JULY 11, 2024
Jonathan Connolly, previously a managing director and head of trust at Wealthspire, will serve as president of the new trust company.
Calculated Risk
JULY 11, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, The Producer Price Index for June from the BLS. The consensus is for a 0.1% increase in PPI, and a 0.2% increase in core PPI. 10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for July).
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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 11, 2024
Stifel had the highest satisfaction score among employee advisors, while Commonwealth took the top spot among independents, according to J.D. Power’s latest ranking.
Calculated Risk
JULY 11, 2024
The Cleveland Fed released the median CPI and the trimmed-mean CPI. According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% in May. The 16% trimmed-mean Consumer Price Index increased 0.2%. "The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics’ (BLS) monthly CPI report".
Wealth Management
JULY 11, 2024
Valued at $4.5 billion, the technology behemoth to advisors will be taken private with minority stakes from key strategic partners.
Calculated Risk
JULY 11, 2024
Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-July 2024 A brief excerpt: This 2-part overview for mid-July provides a snapshot of the current housing market. I always like to start with inventory, since inventory usually tells the tale ! Here is a graph of new listing from Realtor.com’s June 2024 Monthly Housing Market Trends Report showing new listings were up 6.3% year-over-year in June.
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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 11, 2024
Earned Wealth, founded in 2021, offers medical professionals advice on financial planning, tax planning, wealth management and investing on one interconnected platform.
A Wealth of Common Sense
JULY 11, 2024
A reader asks: On this week’s episode, you guys mention that nobody uses the 4% rule. I have been tracking my annual expenses for the last few years and multiplying it by 25 as a ballpark figure of what I need to retire. Is this not a good way to estimate? If not, what do you suggest? Sorry if this is a dumb question, but yes, I have read this in a lot of blogs.
Wealth Management
JULY 11, 2024
Four years after their debut, actively managed strategies that only periodically reveal their holdings are enduring a slow demise.
Advisor Perspectives
JULY 11, 2024
No investor wants to miss the wave of a massive, transformational technology. Spot these big shifts early, and you have a chance at Nvidia-like returns.
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.
Discipline Funds
JULY 11, 2024
Thursday’s CPI report was a big downside surprise as more signs of disinflation appeared across the economy. Core CPI rose 0.06% in June which brought the annualized rate to 3.27%. That’s the lowest rate since 2021. The big driver in the downside miss was shelter, which finally appears to be catching up to what we’ve been seeing across real-time shelter metrics.
Trade Brains
JULY 11, 2024
Ambuja Cements: We all know that the Indian construction industry is a vast canvas which constantly undergoes development. Ambuja Cement being a brand which has been a trusted supplier of building blocks for this progress has entered into a new chapter. Their recent acquisition has lightened things up and promises to redefine the company’s position.
Advisor Perspectives
JULY 11, 2024
As Pete Stavros addressed the private equity industry’s yearly shindig in Berlin last month, the KKR & Co. executive’s words were slightly less headline grabbing than those of Apollo Global Management’s co-president Scott Kleinman. But they were just as troubling.
MainStreet Financial Planning
JULY 11, 2024
As a parent and financial planner, ensuring that we make the smartest financial decisions for our families is crucial. In this article, we will explore three popular savings and investment options: 529 Plans, Roth IRAs, and Real Estate. Each has unique benefits and drawbacks, and understanding these can help you decide which fits best with your financial situation, risk tolerance, and goals. 529 Plans 529 Plans are specialized savings accounts designed to help families save for future education
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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.
Carson Wealth
JULY 11, 2024
Financial planning for a small business gets more complicated every day. Business owners must navigate tax efficiency (and life under the new Tax Cuts and Jobs Act), retirement preparations for yourself and your employees, and succession planning. Get your financial plan in place today and prepare for what tomorrow brings with our guide to financial planning for small business owners.
Advisor Perspectives
JULY 11, 2024
This series has been updated to include the June release of the consumer price index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $50,634, down 7.1% from over 50 years ago. After adjusting for inflation, hourly earnings are below their all-time high from April 2020.
Wealthfront
JULY 11, 2024
Bond ladders may be a buzzy investment strategy at the moment, but they’re more than just a passing trend. Bond ladders are also a time-tested approach for investors who want to protect and grow a windfall or save for a future purchase. But what are bond ladders, and who can potentially benefit from using them? […] The post Bond Ladders: What You Need To Know appeared first on Wealthfront Blog.
Advisor Perspectives
JULY 11, 2024
The Consumer Price Index for Urban Consumers (CPI-U) released for June puts the year-over-year inflation rate at 2.97%. The latest reading keeps inflation below the 3.74% average since the end of the Second World War for the 13th straight month. However, inflation remains above the 10-year moving average which is now at 2.82%.
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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