Tue.Oct 29, 2024

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Research links: multi-period compounding

Abnormal Returns

History You can't tell the story of indexing without the late John “Mac” McQuown. (on.ft.com) Mutual funds have been around for a 100 years now. (fhmagazine.org) Joachim Klement, "In economics, finance, politics, and most social sciences we create models with an error term and then conveniently ignore the error term as ‘noise.’ (klementoninvesting.substack.com) Global Increased globalization helps explain rising correlations.

Economics 287
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#FASuccess Ep 409: Adding 1,400 New Clients In A Year As An Extension Of Doing (Profitable) Student Loan Consulting At Scale, With Travis Hornsby

Nerd's Eye View

Welcome, everyone! Welcome to the 409th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Travis Hornsby. Travis is the founder of Student Loan Planner, an RIA and student loan consulting company based in Chapel Hill, North Carolina that serves nearly 1,400 households with ongoing financial planning (as well as consulting with over 15,000 clients on student loan debt).

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Tuesday links: the damage already done

Abnormal Returns

Strategy Another sign that gambling is being normalized. (theverge.com) How social media can wreck your investing plan. (blogs.cfainstitute.org) Investment success is about small advantages compounded over time. (morningstar.com) Fund management Does the world need a leveraged Berkshire Hathaway ($BRK.B) ETF? (etf.com) The SEC would have to bend over backwards to approve the proposed SPDR SSGA Apollo IG Public & Private Credit ETF.

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10 Investment Must Reads for This Week (Oct. 29, 2024)

Wealth Management

Asset managers have been aggressive in rolling out AI-themed ETFs in 2024, reports Reuters. Morningstar implemented its previously announced rating methodology change, affecting 15% of rated funds. These are among the investment must reads we found this week for wealth advisors.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

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Adani group stock jumps after company’s net profit increases by 660% YoY

Trade Brains

The conglomerate’s extraordinary profit jump stems from strategic diversification, operational efficiency, and robust growth across various business segments. Cost control measures, expanding market presence, and successful implementation of growth initiatives contributed significantly to this remarkable performance. Stock Movement: After announcing its quarterly results, Adani Enterprises Limited ‘s share has surged by 2.3%.

More Trending

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Banks’ New Trick Could Mean Trouble for Everyone

Advisor Perspectives

If you’re unfamiliar with synthetic risk transfers, there’s a chance you’ll hear all about them when the next financial crisis hits. They’re the latest way for big banks to game rules designed to safeguard the system, and they’re growing fast. So far, regulators seem all but oblivious.

Banking 104
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Hightower Stakes $1.1B Wisconsin RIA

Wealth Management

Financial Planning and Information Services represents Hightower’s fifth investment this year and follows news last week that it will take a majority stake in NEPC, an institutional consulting firm.

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Case-Shiller: National House Price Index Up 4.2% year-over-year in August; Over last 4 months, FHFA Index has increased at a 1.9% Annual Rate

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 4.2% year-over-year in August Excerpt: S&P/Case-Shiller released the monthly Home Price Indices for August ("August" is a 3-month average of June, July and August closing prices). August closing prices include some contracts signed in April, so there is a significant lag to this data.

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Neuberger Berman Buys Minority Stake in Mariner

Wealth Management

Mariner CEO and President Marty Bicknell will maintain majority control, and Leonard Green & Partners will retain its minority stake in the wealth management firm.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Meet Loyal Member, Mark Tiralosi, LUTCF

NAIFA Advisor Today

Mark Tiralosi's career in financial services began with a personal tragedy. In 1984, while pursuing his graduate studies at Florida State University, he experienced the sudden loss of his father due to a heart attack. This event not only prompted him to seek a career in the life insurance industry but also ignited a lifelong commitment to helping others navigate their financial futures.

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The Unrecognized Impact: Navigating Women’s Careers in Wealth Management Amid M&A Turbulence

Wealth Management

At RIA Edge West, Charles Schwab and WealthManagement.com hosted the Female Advisor Breakfast to discuss the challenges and career transition issues women face in a traditionally male-dominated industry.

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Is Intel on the Path to Becoming the Next Nokia?

Trade Brains

Intel, once the undisputed leader in semiconductor manufacturing, faces significant challenges today. The company struggles to keep pace with rivals NVIDIA, AMD, and TSMC. Their market share continues to shrink in key segments. Moreover, competitors now lead in both innovation and production capabilities. During the last 5 years, the stock price of Intel Corporation has plummeted by more than 60% as it keeps trailing behind other chip manufacturers in the AI race.

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Emerging Trends Report Predicts New Expansion Cycle for Commercial Real Estate

Wealth Management

The annual report from PwC and the Urban Land Institute predicts a slow and gradual recovery for U.S. commercial real estate.

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Back to Basics with Reconciliations

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.

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Fuel success with effective delegation

Million Dollar Round Table (MDRT)

By Ivan Arturo Burbano, CLU, CFP If you’re not delegating, it’s likely you’re spending too much time doing administrative work. This could be holding back your ability to increase your production, expand your business, spend more time with family, and reach your other personal and business goals. When you’re at work, it’s important to spend time with your clients, because that’s how you get paid the most.

CFP 98
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Kestra Adds $1.4B Florida Team From B. Riley

Wealth Management

Boca Raton-based Wealth Empowerment Financial Strategies joins Kestra Financial from B. Riley Wealth Management, which is reportedly in talks to sell to Stifel.

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Why a Solo Retreat is Great for Annual Business Planning for Financial Advisors

Prosperity Coaching

Why a Solo Retreat is Great for Annual Business Planning for Financial Advisors: Today let’s plan your biggest success as a financial advisor in all the years you have been in the business by A.Planning a solo retreat, and B.Learning strategies for income growth. What are your plans for growth […] The post Why a Solo Retreat is Great for Annual Business Planning for Financial Advisors appeared first on The Prosperous Advisor Coaching Blog.

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BlackRock Partners with iCapital, GeoWealth to Offer Custom Models in UMAs

Wealth Management

The partnership will make it easier for BlackRock’s RIA clients to invest in private assets alongside traditional assets.

Assets 118
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Pricing for Profit: How to Set, Negotiate, and Succeed

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

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Niche Slapped: If Everyone Is Your Client, No One Is Your Client

Advisor Perspectives

There is a demographic that likes to work with you and consistently hires you – you probably just don’t have it defined for you and your team. If you don’t know who you work best with, there is no way that your prospect efforts will be profitable. Rather, they will be coincidental.

Clients 113
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FreeWill Launches Estate Planning Platform Estately

Wealth Management

Mercer Advisors collaborated on the design for 18 months as an anchor customer; 60+ firms have since been added during the beta period.

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BLS: Job Openings "Little Unchanged" at 7.4 million in September

Calculated Risk

From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 7.4 million on the last business day of September , the U.S. Bureau of Labor Statistics reported today. Over the month, hires changed little at 5.6 million. The number of total separations was unchanged at 5.2 million. Within separations, quits (3.1 million) and layoffs and discharges (1.8 million) changed little. emphasis added The following graph shows job openings (black line), hires (dark b

Numbers 76
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KKR, Capital Group File to Launch Two Joint Funds

Wealth Management

The two public-private fixed-income funds are the first products of the partnership the firms announced in May.

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Confronting the Change Challenge

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.

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Case-Shiller: National House Price Index Up 4.2% year-over-year in August

Calculated Risk

S&P/Case-Shiller released the monthly Home Price Indices for August ("August" is a 3-month average of June, July and August closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P S&P CoreLogic Case-Shiller Index Records 4.2% Annual Gain in August 2024 The S&P CoreLogic Case-Shiller U.S.

Assets 73
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Brightwave, AI-Powered Research Startup, Announces $15M Series A Funding

Wealth Management

The company, which launched in early 2024, has raised $21 million to date for its automated research agent product.

Startup 111
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How Can RIAs Start a Multi-Family Office Practice?

Advisor Perspectives

Here, we'll explore why serving family offices is a natural fit for many RIAs, discuss the considerations that need to be factored in when launching an MFO practice, and offer a roadmap for successfully building one.

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RBC Lures $400M Morgan Stanley Team, While LPL Nabs Cambridge Advisors

Wealth Management

A Georgia-based advisor is also moving from Edward Jones to Raymond James’ independent advisor channel.

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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

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!

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How to Start Marketing (if You Never Have Before)

Advisor Perspectives

Most advisors grow by referral and word of mouth. But what happens when your clients stop talking about you? Here are three ways to start marketing.

Marketing 111
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Private Advisor Group Launches Greenhouse Technology Platform

Wealth Management

The new platform provides single sign-on access to an advisor's applications and resources.

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Do You Invest Like Dr. Jekyll or Mr. Hyde? Ep #227

Financial Symmetry

Investing can feel like a battle between two polar opposites within us, the rational and the emotional, just like the classic story of Dr. Jekyll and Mr. Hyde. This week, Dr. Jekyll and Mr. Hyde are our model investors, and … Continued The post Do You Invest Like Dr. Jekyll or Mr. Hyde? Ep #227 appeared first on Financial Symmetry, Inc.