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.
Wealth Management
JULY 9, 2024
Active management is a loser’s game.
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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.
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.
Speaker: Claire Grosjean
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
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,
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.
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
Uptick Partners debuts with an Alabama-based team as its first breakaway. Its goal is to help non-protocol, captive advisors go independent.
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
ETF managers remained busy in closing out the first half of 2024. Overall, asset mangers launched 50 ETFs in June.
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.
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
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
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
The acquisition of Peak Financial Services represents WEG’s fourth Massachusetts location.
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: 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
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.
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.
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.
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.
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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 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.
Advisor Perspectives
JULY 9, 2024
Gas prices continued to creep back up this week. As of July 8th, the price of regular and premium gas increased 1 and 2 cents from the previous week, respectively. The WTIC end-of-day spot price for crude oil closed at $82.33, down 1.3% from last week.
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
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.
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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?
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.
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.
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.
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.
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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
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
Advisor Perspectives
JULY 9, 2024
Traders should brace for a significant pullback in the stock market as uncertainty swirls around the US presidential campaign, corporate earnings and Federal Reserve policy, according to Morgan Stanley’s Mike Wilson.
Validea
JULY 9, 2024
Dividend aristocrats are S&P 500 companies that have increased their dividend payouts for at least 25 consecutive years. These companies are known for their financial stability, consistent growth, and commitment to returning value to shareholders. As of 2024, there are 67 companies that have achieved this prestigious status. Why Dividend Aristocrats Can Be Good Investments Dividend aristocrats are often considered attractive investments for several reasons: Consistent income: Their track rec
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.
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