The Big Picture
JULY 9, 2024
A quick break from book duty and doing our quarterly client call to share this fascinating discussion from tennis great Roger Federer: “In the 1,526 singles matches I played in my career, I won almost 80% of those matches… What percentage of the POINTS do you think I won in those matches? Only 54%.” -Roger Federer This is one of those great commencement addresses that will only gain stature over time.
Abnormal Returns
JULY 9, 2024
Asset pricing The CAPM doesn't work. Maybe this measure does. (klementoninvesting.substack.com) Brown stocks outperform green stocks. (alphaarchitect.com) Hedge funds Replicating multi-strategy hedge fund returns is kind of a waste. (insights.finominal.com) Do even failed activist investors help stock prices? (klementoninvesting.substack.com) Quant stuff More research is being done on the interaction between social media and market outcomes.
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Nerd's Eye View
JULY 9, 2024
Welcome everyone! Welcome to the 393rd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Alex Lewis. Alex is the owner of Blackbridge Financial, a hybrid advisory firm based in Irmo, South Carolina, that oversees approximately $330 million in assets under management for 415 client households. What's unique about Alex, though, is how, at age 29, he took on a multi-million-dollar loan to purchase the firm from its founder as his successor, and, in the 4 years since,
A Wealth of Common Sense
JULY 9, 2024
Greg Ip at The Wall Street Journal penned a piece recently that warned potential homebuyers about the prospect of low returns from current levels: I don’t need to offer any more details from the story because you already know them. Housing prices are up a lot. Mortgage rates are also up a lot. This is a fair warning. We essentially pulled forward a decade’s worth of housing returns into the first few years of.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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
JULY 9, 2024
Uptick Partners debuts with an Alabama-based team as its first breakaway. Its goal is to help non-protocol, captive advisors go independent.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
JULY 9, 2024
With this latest deal included, Coldstream has nearly doubled in size over the last three years, all without taking any outside capital.
A Wealth of Common Sense
JULY 9, 2024
Today’s Talk Your Book is brought to you by Polen Capital: We are joined by Ben Santonelli, Lead Portfolio Manager of Polen Capital’s Credit Opportunities Strategy to discuss investing in high-yield credit. On today’s show, we discuss: How an interval fund works How Polen navigated the dramatic rise in interest rates Understanding interest rate risk What Polen is doing to actively manage the portfolio.
Wealth Management
JULY 9, 2024
Spotswood, who has led day-to-day operations of RFG for the past nine years, succeeds founder Bobby White, who moves into an executive chairman role.
Calculated Risk
JULY 9, 2024
From Manheim Consulting today: Wholesale Used-Vehicle Prices Declined in June Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were down in June compared to May. The Manheim Used Vehicle Value Index (MUVVI) fell to 196.1, a decline of 8.9% from a year ago. The seasonal adjustment to the index mitigated the impact on the month, resulting in values that declined 0.6% month over month for the second time in a row.
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
JULY 9, 2024
Investors put $413 billion into U.S. ETFs in the first half of 2024, the highest six-month total since the second half of 2021, according to Morningstar. A Bloomberg analyst said July 18 is his “best guess” as to when spot Ethereum ETFs could be approved. These are among the investment must reads we found this week for wealth advisors.
Calculated Risk
JULY 9, 2024
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, Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to Congress , Before the U.S. House Financial Services Committee • At 2:00 PM, the Federal Reserve Beige Book , an informal review by the Federal Reserve Banks of current economic conditions in
Wealth Management
JULY 9, 2024
But the pace of declines is beginning to slow down as many passive funds are already charging only a few basis points in fees.
Calculated Risk
JULY 9, 2024
This testimony will be live here at 10:00 AM ET. Report here. From Fed Chair Powell: Testimony: Semiannual Monetary Policy Report to the Congress. An excerpt: The Federal Reserve remains squarely focused on our dual mandate to promote maximum employment and stable prices for the benefit of the American people. Over the past two years, the economy has made considerable progress toward the Federal Reserve's 2 percent inflation goal, and labor market conditions have cooled while remaining strong.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
Wealth Management
JULY 9, 2024
The SEC’s latest rulemaking agenda indicates its staff is preparing to recommend reproposing the agency’s November 2022 bid to make it costlier for investors to redeem shares during times of extreme market tumult.
Calculated Risk
JULY 9, 2024
Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in June A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to June 2019 for each local market (some 2019 data is not available). This is the first look at several early reporting local markets in June. I’m tracking over 40 local housing markets in the US.
Wealth Management
JULY 9, 2024
President and CEO Phillip Hamman of Linscomb Wealth on how his firm outpaced market growth with a laser focus on client satisfaction.
Calculated Risk
JULY 9, 2024
I'm not sure about "renowned" but this interview hits several of the key points I've been discussing about housing. From Lance Lambert at ResiClub: Renowned housing analyst who predicted the 2008 home price crash weighs in on the current market Here is the intro: Years before the housing bubble burst in 2008, housing analyst Bill McBride began chronicling the troubles in the U.S. housing market in his blog Calculated Risk.
Speaker: Igli Laci, Strategic Finance Leader
In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a
Wealth Management
JULY 9, 2024
ETF managers remained busy in closing out the first half of 2024. Overall, asset mangers launched 50 ETFs in June.
Advisor Perspectives
JULY 9, 2024
Implementing the net wealth mindset in practice involves developing detailed financial plans that align with each client's needs and priorities, and crafting a client-centered service model.
Wealth Management
JULY 9, 2024
The acquisition of Peak Financial Services represents WEG’s fourth Massachusetts location.
Advisor Perspectives
JULY 9, 2024
As RIAs and broker-dealers consider how to allocate future spending, they would be wise to recognize how technology designed to support fee-for-service financial planning can help them meet their most immediate goals while also allowing them to grow and nurture next-generation wealth management clients.
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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.
Million Dollar Round Table (MDRT)
JULY 9, 2024
By Antonette Reyes One of the fundamental laws of social psychology and human relationships is when you do something beneficial for others, they will be more inclined to reciprocate and do something worthwhile for you. “I learned that doing good things for others does not need to take a lot from you, but it goes a long way in building and cultivating relationships, especially with influential people who will benefit our work as financial advisors,” said Ana Fanlo , a seven-year MDRT member from
Advisor Perspectives
JULY 9, 2024
Our monthly workforce analysis has been updated to include the latest employment report for June. The unemployment rate rose to 4.1%, its highest level since November 2021. Additionally, the number of new non-farm jobs (a relatively volatile number subject to extensive revisions) came in at 206K.
Wealth Management
JULY 9, 2024
Active management is a loser’s game.
Trade Brains
JULY 9, 2024
Textile Stocks: The story of India’s textile industry is often overshadowed by flashier sectors. But have you ever wondered how this industry quietly leaves a lasting impact on every stitch of its progress? Their impact goes far beyond aesthetics. They provide a rich cultural heritage and act as a backbone for millions of people. The textile industry empowers rural communities and provides employment opportunities for countless individuals.
Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global
In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!
Random Roger's Retirement Planning
JULY 9, 2024
Finomial wrote about replicating multi-strategy hedge fund ETFs with 40-50% in plain vanilla equities and the rest in cash. The two multi-strategy hedge fund ETFs they studied were QAI which has been around for a long time and HFND which has been around for a couple of years or so. Both have very low volatility and very low returns. Read the post if you want to learn more about what Finomial found but the bigger idea of replication or as I've preferred to call it, proxies, is something we've loo
Trade Brains
JULY 9, 2024
Textile Stocks: The story of India’s textile industry is often overshadowed by flashier sectors. But have you ever wondered how this industry quietly leaves a lasting impact on every stitch of its progress? Their impact goes far beyond aesthetics. They provide a rich cultural heritage and act as a backbone for millions of people. The textile industry empowers rural communities and provides employment opportunities for countless individuals.
Steve Sanduski
JULY 9, 2024
Guests: Leslie Zane , the founder of Triggers , which is the first brand consultancy built on the premise that instinct rather than conscious thought is what guides brand decisions. She’s also the author of the new book The Power of Instinct: The New Rules of Persuasion in Business and Life. In a Nutshell: We’ve all heard the saying, “You never get a second chance to make a first impression.” But what if our first impressions, and indeed all of our decisions, are made not
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