Q&A: What Makes SUBSCRIBE Tick
Wealth Management
OCTOBER 23, 2024
The tech firm has quietly become a key cog in the alternative investment ecosystem.
Wed.Oct 23, 2024
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MBA: Mortgage Applications Decreased in Weekly Survey
Calculated Risk
OCTOBER 23, 2024
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 6.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending October 18, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 6.7 percent on a seasonally adjusted basis from one week earlier.
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Wednesday links: avoiding losses
Abnormal Returns
OCTOBER 23, 2024
Companies Google's ($GOOGL) big businesses are in a slow, decline. (wheresyoured.at) Starbucks' ($SBUX) new CEO is clearing the decks. (bloomberg.com) Walmart ($WMT) is expanding home delivery of pharmaceuticals. (fastcompany.com) Finance Howard Marks thinks nearly every investor should look at private debt. (on.ft.com) Banks are increasingly backing capital call loans.
Charitable Remainder Trusts: A Retrospective with an Eye to the Future
Wealth Management
OCTOBER 23, 2024
How a versatile planning tool can benefit clients and advisors alike.
What Your Financial Statements Are Telling You—And How to Listen!
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.
Personal finance links: misunderstanding risk
Abnormal Returns
OCTOBER 23, 2024
Podcasts Joe Weisenthal and Tracy Alloway talk mortgages with Tom Graff, CIO of Facet. (podcasts.apple.com) Khe Hy talks with Erin Skinner about the challenges of mid-life. (youtube.com) Jonathan Clements Christine Benz talks with Jonathan Clements about the 'small pleasures.' (morningstar.com) Clark Howard has an honest conversation about death with Jonathan Clements.
NAR: Existing-Home Sales Decreased to 3.84 million SAAR in September, New Cycle Low; Median House Prices Increased 3.0% Year-over-Year
Calculated Risk
OCTOBER 23, 2024
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 3.84 million SAAR in September, New Cycle Low Excerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2023 and 2024. Sales declined 3.5% year-over-year compared to September 2023. This was the thirty-seventh consecutive month with sales down year-over-year.
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Quantifying (More Accurately) The Real Impact Of A Financial Advisor’s Costs On Their Clients’ Nest Eggs
Nerd's Eye View
OCTOBER 23, 2024
While the financial advice industry has transformed in many ways over the past several decades, one aspect that has remained relatively constant is the use of the Assets Under Management (AUM) fee model as a common way for many advisors to get paid. Though in practice, while a 1% AUM fee is a common 'starting point' in the industry, the actual fee structure can vary based on the firm's approach; for example, some firms may reduce the fee for high-net-worth clients, or charge an additional fee fo
Trends in Trust and Estate Planning 2024
Wealth Management
OCTOBER 23, 2024
Wednesday, November 20, 2024 | 1:00 PM Eastern Standard Time
NAR: Existing-Home Sales Decreased to 3.84 million SAAR in September, New Cycle Low
Calculated Risk
OCTOBER 23, 2024
From the NAR: Existing-Home Sales Slid 1.0% in September Existing-home sales drew back in September, according to the National Association of REALTORS®. Three out of four major U.S. regions registered sales declines while the West experienced a sales bounce. Year-over-year, sales fell in three regions but grew in the West. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – receded 1.0% from August to a seasonally adjusted ann
Major RIAs Launch 'Net Positive' Consortium of Like-Minded Firms
Wealth Management
OCTOBER 23, 2024
The founding members include Mariner Wealth Advisors, Halbert Hargrove and Modera Wealth Management. Co-Chairs Gerry Goldberg and Grant Rawdin hope the initiative will help firms adopt best practices for servicing communities.
Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments
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
October Vehicle Sales Forecast: 15.9 million SAAR, Up 3.6% YoY
Calculated Risk
OCTOBER 23, 2024
From WardsAuto: October U.S. Light-Vehicle Sales Forecast to Start Q4 with Small Gain (pay content). Brief excerpt: The fourth quarter is forecast to total 4.13 million units, 6.0% above year-ago’s 3.89 million, which was tamped down because of labor-related strikes at three automakers that pared inventory emphasis added Click on graph for larger image.
State Regulators Receive More Tips in 2023
Wealth Management
OCTOBER 23, 2024
Digital assets and social media fraud were frequently cited in the states’ investigations and enforcement actions in 2023, according to a new NASAA report.
AIA: Architecture Billings Declined in September; Multi-family Billings Declined for 26th Consecutive Month
Calculated Risk
OCTOBER 23, 2024
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture firm billings worsened in September The AIA/Deltek Architecture Billings Index (ABI) score was 45.7 for the month , as the majority of firms continued to report declining billings. Despite recently announced rate cuts by the Federal Reserve, clients are still cautious about future projects.
The Role of the Generational Divide in Charitable Giving
Wealth Management
OCTOBER 23, 2024
A recent study identifies gender and age as significant influencers in philanthropy.
Book of Secrets on the Month-End Close
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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.
At the Money: Building a Bond Ladder
The Big Picture
OCTOBER 23, 2024
At The Money: BlackRock on Building a Bond Ladder (October 23, 2024) Full transcript below. ~~~ About this week’s guest: Karen Veraa is a Fixed Income Product Strategist within BlackRock’s Global Fixed Income Group focusing on iShares fixed-income ETFs. She supports iShares clients, generates content on fixed-income markets and ETFs, develops new fixed-income iShares ETF strategies, and partners with the iShares team on product delivery.
‘Mac’ McQuown, Banker Behind First Index Fund, Dies at 90
Wealth Management
OCTOBER 23, 2024
John McQuown became revered on Wall Street for having led a team of academics to create the first equity portfolio tracking an index at Wells Fargo & Co.
Thursday: New Home Sales, Unemployment Claims
Calculated Risk
OCTOBER 23, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 247 thousand initial claims, up from 241 thousand last week. • Also at 8:30 AM, Chicago Fed National Activity Index for September. This is a composite index of other data. • At 10:00 AM, New Home Sales for September from the Census Bureau.
401(k) Real Talk Episode 127: October 23, 2024
Wealth Management
OCTOBER 23, 2024
Open, honest and candid discussion about using data to cross sell, whether the DC system can handle a mobile workforce, a sea change happening now and more.
Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success
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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?
Fed's Beige Book: "Economic activity was little changed"
Calculated Risk
OCTOBER 23, 2024
Fed's Beige Book On balance, economic activity was little changed in nearly all Districts since early September , though two Districts reported modest growth. Most Districts reported declining manufacturing activity. Activity in the banking sector was generally steady to up slightly, and loan demand was mixed, with some Districts noting an improvement in the outlook due to the decline in interest rates.
Deloitte Forecast on India’s GDP; Will Indian Economy Hit $5 Trillion?
Trade Brains
OCTOBER 23, 2024
Deloitte has released a promising forecast for India’s economic growth. The report predicts GDP growth between 7 and 7.2 percent for FY 2024-2025. Moreover, this matches the RBI’s own growth projection of 7.2 percent. Dr. Rumki Majumdar sees India’s economy showing strong resilience after the election period. The country maintains its position among the world’s fastest-growing large economies.
Beyond the Forgivable Loan: The Evolution of Advisor Transition Deal Structures
Diamond Consultants
OCTOBER 23, 2024
Competition and an expanded landscape of options have resulted in additional deal structures for transitioning advisors. Advisors are a lucky lot: They have many ways to monetize their life’s work and take advantage of new opportunities for growth, both in the short and long term. The transition deal is one way that advisors can financially de-risk a move through what is traditionally known as a forgivable loan—a note that typically binds the advisor to the firm for a given length of time.
PSU stocks to BUY now for an upside of more than 60%; Are you holding any?
Trade Brains
OCTOBER 23, 2024
Benchmark indices fell in early trade amid selling pressure on Monday. The BSE Sensex index lost 299 points to open at 79,921.13, down by 0.37 percent, in early trade. On the other hand, the Nifty 50 index opened at 24,378.15, down by 93.95 points or 0.38 percent. However, investment and brokerage firm Prabhudas Lilladher has advised buying a few PSU stocks for 1 year.
Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100
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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.
Animal Spirits: The Envy of the World
A Wealth of Common Sense
OCTOBER 23, 2024
Today’s Animal Spirits is brought to you by YCharts and CME Group: See here for 20% off your initial YCharts professional subscription See here for more information on adding futures to your portfolio with CME Group See here to subscribe to our new show, The Unlock! On today’s show, we discuss: Come work with us at the Philly office! The American economy has left other rich countries in the dust WhatR.
Will Rise in Zinc Prices Benefit Hindustan Zinc’s Future Performance?
Trade Brains
OCTOBER 23, 2024
The zinc market has witnessed a remarkable upturn, with prices climbing steadily to Rs 289.6 per kilogram. Moreover, this surge stems from China’s economic stimulus measures and growing supply concerns in global markets. Consequently, the International Lead and Zinc Study Group now predicts a substantial deficit of 164,000 tonnes in 2024. Furthermore, this dramatic shift from an expected surplus has intensified market pressure.
SEI Reports Third-Quarter 2024 Financial Results
SEI
OCTOBER 23, 2024
Net Sales Events, AUM, and AUA Drive Record Quarter
Eric Brotman on Building a Collaborative Culture, Targeting Business Development Channels, Sustaining Scale, and Learning to Grow by Letting Go
Steve Sanduski
OCTOBER 23, 2024
Guest: Eric Brotman , CFP®, AEP®, CPWA®, is a Principal and the Chief Executive Officer of BFG Financial Advisors. Eric began his financial planning practice in Baltimore in 1994, and founded Brotman Financial Group in 2003, which later became BFG Financial Advisors. He and his team focus on supporting families and individuals by providing comprehensive financial planning and wealth management services.
Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape
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.
Your Clients Are Clueless About Their Risk Tolerance
Advisor Perspectives
OCTOBER 23, 2024
Determining your client’s risk tolerance is a critical first step in constructing a tailored investment portfolio.
2 Stocks jumps 4% after companies board to consider bonus shares; Do you hold any?
Trade Brains
OCTOBER 23, 2024
These two micro-cap companies surged after announcing bonus share issuance alongside strong financial performance and strategic initiatives. Stock Movement of both companies Linc Limited and Sky Gold Limited demonstrated positive momentum. Linc opened at ₹671 and is currently trading at ₹665.50, after touching a high of ₹697.40, marking an 8% surge.
Investing Through the 2024 Election
Financial Symmetry
OCTOBER 23, 2024
So far, the 2024 election has provided the suspense and drama we have come to expect in presidential election years. For investors, the same questions continue to plague us as we await the winner in November. Are there signals in … Continued The post Investing Through the 2024 Election appeared first on Financial Symmetry, Inc.
Penny Stock with a High dividend yield of 480% to keep on your radar
Trade Brains
OCTOBER 23, 2024
Investing in stocks with high dividend yields can be an attractive strategy for income-seeking investors. Recently, a stock yielding an astonishing 480% has caught the attention of market watchers. Price Movement With a market capitalization of Rs. 12.7 crores, Taparia Tools Limited’s share price recently traded at Rs. 8.35 per share. Over the last six months, the company has given a return of 115.21 percent.
Fall In Love With the Month-End Close
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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.
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