Mon.Nov 04, 2024

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Holistiplan Launches Estate Plan Document Extraction Tool (And More Of The Latest In Financial #AdvisorTech – November 2024)

Nerd's Eye View

Welcome to the November 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that Holistiplan has announced the rollout of a new estate plan document extraction tool to stand alongside its highly popular tax return scanning tool – which highlights how advances in AI technol

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Adviser links: rolling in rollovers

Abnormal Returns

Podcasts Meb Faber and Wes Gray talk about how ETFs unlock tax efficiency and the launch of the Cambria Tax Aware ETF ($TAX). (podcasts.apple.com) Ben Carlson and Michael Batnick talk with Nate Conrad of Stone Ridge about how LifeX ETFs operate. (awealthofcommonsense.com) Bogumil Baranowski talks the digitization of wealth management with Julia Carreon.

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10 Monday AM Reads

The Big Picture

My back-to-work morning train WFH reads: • Meet the ‘super users’ who tap AI to get ahead at work : Workers say using AI tools like ChatGPT every day supercharges their efforts and saves them time on the job. ( Washington Post ) • Defining Bull and Bear Markets : There are some loosely accepted definitions but you have secular bull and bear markets as well as cyclical bull and bear markets.

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SEC: Firm Used Athlete Endorsements Without Disclosing Payment

Wealth Management

The commission settled charges that Wahed Invest violated the ad rule when including a pro soccer player and MMA athletes in marketing without clarifying that they weren’t clients and were compensated.

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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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Housing Nov 4th Weekly Update: Inventory Unchanged Week-over-week, Up 29.8% Year-over-year

Calculated Risk

Altos reports that active single-family inventory was unchanged week-over-week. The first graph shows the seasonal pattern for active single-family inventory since 2015. Click on graph for larger image. The red line is for 2024. The black line is for 2019. Inventory was up 29.8% compared to the same week in 2023 (last week it was up 30.8%), and down 19.4% compared to the same week in 2019 (last week it was down 20.7%).

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What Makes Elon Tweet

Advisor Perspectives

Bill Bernstein digs into a book that follows the complicated history of Elon Musk's chaotic acquisition of Twitter and its subsequent transformation into X.

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ICE Mortgage Monitor: "Annual home price growth cooled for the seventh consecutive month"

Calculated Risk

Today, in the Real Estate Newsletter: ICE Mortgage Monitor: "Annual home price growth cooled for the seventh consecutive month" Brief excerpt: One of the key metrics to watch for mortgage stress is early-stage delinquencies. These are borrowers that are delinquent within 6 months of origination. This was one of the obvious warning signs during the housing bubble.

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Why did RBI bring back 102 tons of gold to India and Is this a precautionary measure?

Trade Brains

Gold is the ultimate security measure for central banks, which can be thought of as national treasure troves. Central banks hold gold bars in reserve to withstand economic downturns, much like we save money for unexpected expenses. This shiny gold serves as a financial anchor, keeping things stable when markets tremble or currencies falter. It’s similar to having shining insurance coverage that never ends!

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Fundamentals Matter More Than Politics for Markets

Advisor Perspectives

Get ready to ‘roll back’ the clocks! That’s right, Daylight Savings Time (DST) ends this weekend. This twice-a-year ritual is followed by every US state (except Arizona and Hawaii) and nearly 70 countries across the globe, but not everyone supports it.

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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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Stocks that manufacture cancer drugs in India; to keep on you radar

Trade Brains

India is emerging as a major player in the pharmaceutical industry, particularly in developing cancer drugs. With rising cancer cases, India is expected to become the cancer capital in the coming years. This growth creates immense opportunities for pharmaceutical companies specializing in oncology treatments. Some of the top manufacturers in this sector are driving advancements in chemotherapy, immunotherapy, and targeted therapies.

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SEC: Firm Used Athlete Endorsements Without Disclosing Payment

Wealth Management

The commission settled charges that Wahed Invest violated the ad rule when including a pro soccer player and MMA athletes in marketing without clarifying that they weren’t clients and were compensated.

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5 Semiconductor stock with low debt-to-equity ratio to keep an eye on

Trade Brains

The semiconductor industry, vital to modern electronics like smartphones, EVs, and AI processors, is gaining traction in India due to rising EV demand and infrastructure growth. A low debt-to-equity ratio, particularly under 1, indicates a company’s preference for equity over debt, reflecting lower financial risk. Here are a few companies in the semiconductor business known for having low debt-to-equity ratios: 1.

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New RIA Acquirer Comes to Market With First Deal

Wealth Management

Aspen Standard Wealth has taken a majority stake in Summitry, a $2.8 billion RIA, as it aims to hold wealth management firms permanently and solve some of their pain points.

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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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Market Commentary: Seasonal Tailwinds Ahead, but First an Election

Carson Wealth

Get Ready for the Election Did you hear there’s an election tomorrow? Yes, we are finally there. As we discussed in detail last week, while of course the election matters, historically who is in the White House hasn’t mattered as much to investors as you might think. If the economy remains strong (as we expect), that would matter much more than just about anything else.

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New RIA Acquirer Comes to Market With First Deal

Wealth Management

Aspen Standard Wealth has taken a majority stake in Summitry, a $2.8 billion RIA, as it aims to hold wealth management firms permanently and solve some of their pain points.

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5 Steps For Taking Control Over Your Compliance Tasks

XY Planning Network

Staying on top of your compliance tasks and responsibilities as an RIA can often seem overwhelming – especially for those whose compliance accountabilities are only part of their role. This business area may often seem the least exciting and have the least amount of management training or experience. At XYPN, we support many advisers in putting efficient and effective compliance policies and procedures into place and refining various aspects of their compliance program to know what to do when th

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SEC: Firm Used Athlete Endorsements Without Disclosing Payment

Wealth Management

The commission settled charges that Wahed Invest violated the ad rule when including a pro soccer player and MMA athletes in marketing without clarifying that they weren’t clients and were compensated.

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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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Defense stock down 7% after US enforced sanctions for having Russian links; Company responds

Trade Brains

One of the prominent Micro-Cap defence equipment manufacturers, specialising in advanced machine tools and indigenous submachine guns for military operations, has plunged 6% after being named in the US Treasury Department’s sanctions list. Share Price Movement Following the announcement, Lokesh Machines stock experienced significant turbulence in the market.

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Don’t Fall into the Tax-Deferment Trap

Wealth Management

A single-minded strategy of tax avoidance is often not in a client’s best interest.

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The Differences Between an HSA and an FSA

Financial Symmetry

What is the difference between an HSA and an FSA? Both the health savings account (HSA) and the healthcare flexible spending arrangement (FSA) are account types that help lower your taxes and help you save for healthcare expenses. You may … Continued The post The Differences Between an HSA and an FSA appeared first on Financial Symmetry, Inc.

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Rage Donating: How To Turn Anger Into Altruism

Wealth Management

Channeling this destructive emotion by donating to an important cause is a way to take back power and make a difference.

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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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Tuesday: U.S. Election, Trade Deficit, ISM Services

Calculated Risk

From Matthew Graham at Mortgage News Daily: Mortgage Rates Start Week Slightly Lower as Election Volatility Works Both Ways Love it or hate it, election-related volatility has been having a big impact on the bond market and, thus, mortgage rates. Mortgage rates didn't react in an extreme fashion, but the average lender moved back down toward 7% for a top tier conventional 30yr fixed scenario.

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ETF Sponsors Bet Big on Mega-Cap Strategies

Wealth Management

A number of new ETFs launched in October focused on large cap stocks.

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Construction Spending Increased 0.1% in September

Calculated Risk

This was released on Friday. From the Census Bureau reported that overall construction spending decreased: Construction spending during September 2024 was estimated at a seasonally adjusted annual rate of $2,148.8 billion, 0.1 percent above the revised August estimate of $2,146.0 billion. The September figure is 4.6 percent above the September 2023 estimate of $2,055.2 billion. emphasis added Private spending was unchanged and public spending increased: Spending on private construction was at a

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Don’t Fall into the Tax-Deferment Trap

Wealth Management

A single-minded strategy of tax avoidance is often not in a client’s best interest.

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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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‘Dead Heat’ Election Has S&P 500 in Wavering Mode: Markets Wrap

Advisor Perspectives

Stocks struggled for direction, bonds rose and the dollar fell, with polls continuing to depict a tight race in the US presidential election ahead of the Federal Reserve decision.

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Cerulli: Financial Advisors Plan to Prioritize Use of Model Portfolios Over Funds of Funds

Wealth Management

Greater customization and fewer fees are behind the preference.

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Talk Your Book: Longevity Income

A Wealth of Common Sense

Today’s Talk Your Book is sponsored by LifeX: See here for more information on the LifeX Longevity Income ETFs On today’s show, we discuss: How the Longevity Income ETFs work How this product fits within the income market What LifeX is investing in Aligning spending and financial plans with predictable cash flow Understanding bond ladders and why they work well within ETFs How the inflation-adjusted longevi.