Abnormal Returns
OCTOBER 30, 2023
Strategy There's nothing magic about asset allocation. (obliviousinvestor.com) Do stocks really become less risky over the long run? (morningstar.com) Companies Google ($GOOGL) is investing $2 billion in AI player Anthropic. (axios.com) Pharmaceutical companies are getting out to the consumer product business. (wsj.com) Fidelity has further marked down the value of their stake in Twitter.
The Big Picture
OCTOBER 30, 2023
Buoyed by low interest rates for the last decade, many property markets have seen substantial price growth since 2010. Experts warned that real estate bubbles—in which the price of assets moved up far beyond their intrinsic value—were forming. The UBS Global Real Estate Bubble Index analyzes the real estate market of 25 major cities across the globe and assigns them a score between -0.5 to 2.0 to convey bubble risk.
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Abnormal Returns
OCTOBER 30, 2023
Podcasts Brendan Frazier talks with Jake Northrup of Experience Your Wealth about how he infuses the human side to help clients live their ideal life. (wiredplanning.com) Thomas Kopelman talks donor advised funds with Adam Nash of Daffy. (podcasts.apple.com) Michael Kitces talks with Sarah-Catherine Gutierrez, founder of Aptus Financial, about operating as a flat-fee advice-only firm.
Nerd's Eye View
OCTOBER 30, 2023
After several years of turmoil caused by the pandemic, financial advisor conferences seem to have found a "new [post-pandemic] normal", with events once again growing (some already surpassing their pre-pandemic highs). But that's not to say that the conference landscape was not altered by the pandemic; instead, the pandemic appears to have served as a catalyst that accelerated trends that were already underway, such that financial advisor conferences today look substantively different than they
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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.
The Big Picture
OCTOBER 30, 2023
As promised, here is my presentation “ Navigating Financial Disasters ” from today at the Orlando Money Show… The post Presentation: Navigating Financial Disasters appeared first on The Big Picture.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Big Picture
OCTOBER 30, 2023
My what am I doing in Orlando morning plane reads: • It’s Time to Stop Crying About Bonds and Buy Them Instead : Treasuries have had one of their worst three-year stretches on record. Why it can’t get much worse. ( Barron’s ) • Is E.S.G. Falling Out of Favor? Chevron’s $53 billion bid for Hess may drive consolidation in the oil patch. Meanwhile, investors are pulling back from climate-focused investment products. ( New York Times ) see also Why the Right’s Bud Light Boycott Worked :
Calculated Risk
OCTOBER 30, 2023
Altos reports that active single-family inventory was up 1.5% week-over-week. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of October 27th, inventory was at 563 thousand (7-day average), compared to 554 thousand the prior week. Year-to-date, inventory is up 14.6%. And inventory is up 38.5% from the seasonal bottom 28 weeks ago.
Wealth Management
OCTOBER 30, 2023
A look at investment options for 401(k) plans beyond TDFs.
Alpha Architect
OCTOBER 30, 2023
The relationship between financial markets and ESG investing is obscured by the lack of clarity regarding motivations for investing in ESG strategies. Is the motive to align the investor’s values with the ESG theme? Or is the ESG term a misnomer for a set of stocks that are systematically undervalued, for some reason as a function of its ESG characteristics?
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.
Wealth Management
OCTOBER 30, 2023
The White House unveiled a new plan aimed at incentivizing office-to-residential conversions. Caution has crept into the industrial market, where some big users of space are holding off on additional commitments, reports Bisnow. These are among the must reads from the real estate investment world to start the new week.
Cornerstone Financial Advisory
OCTOBER 30, 2023
Weekly Market Insights: Stocks Retreat On Cautious Earnings Reports Presented by Cornerstone Financial Advisory, LLC Amid a busy week of corporate earnings reports, stocks slumped on cautious earnings guidance, fears of higher interest rates, and growing anxiety over the increasing amount of Treasury bonds and notes coming to market. The Dow Jones Industrial Average dropped 1.88%, while the Standard & Poor’s 500 declined 3.29%.
Wealth Management
OCTOBER 30, 2023
Allworth’s outgoing CEO Scott Hanson discusses the future of the firm, the custodial landscape and why it was important to find a CEO who was not only well-liked, but who had experience creating value.
Investment Writing
OCTOBER 30, 2023
Can you spot what’s wrong in the image below? Please post your answer as a comment. Oops, someone didn’t proofread this survey carefully. I post these challenges to raise awareness of the importance of proofreading. The post MISTAKE MONDAY for October 30: Can YOU spot what’s wrong? appeared first on Susan Weiner Investment Writing.
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
Wealth Management
OCTOBER 30, 2023
A turnover in ownership for a huge percentage of America’s farmland appears imminent.
Advisor Perspectives
OCTOBER 30, 2023
While getting your loans wiped out in one fell swoop can seem like a lifesaver, it may come with some negative financial implications. I cover what you need to know.
Carson Wealth
OCTOBER 30, 2023
Stocks fell again last week, even as yields paused and overall earnings were solid. As of Thursday, the S&P 500 is down nearly 10% from its late-July peak. A decline of 10% or more would be classified as a correction. It’s important to know that 10% corrections occur most years. Since 1980, 22 out of 42 years saw at least one double-digit, peak-to-trough correction, with 12 of those years ending higher and gaining an average of 17.0%.
Advisor Perspectives
OCTOBER 30, 2023
The world is a cold, hard, mean place and you are going to suffer if you allow bullying comments from a tough prospect to derail you.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.
XY Planning Network
OCTOBER 30, 2023
With the overwhelming amount of rulemaking taking place at the SEC, the operational impact of maintaining compliance, when taking into account the totality of the rules recently finalized and currently being proposed, is sure to be significant for most investment advisers going forward. Regardless of whether you are state-registered or registered with the SEC, it is a good practice to understand what the SEC is focused on and what is going on with new (and proposed) regulations.
Advisor Perspectives
OCTOBER 30, 2023
Many entry-level jobs, especially those in education and social services, do not pay well enough for recent graduates to balance their student loan payments with rent and other expenses. This is where income-based repayment plans for student loans come in.
Norman Marks
OCTOBER 30, 2023
For years now, I have been preaching (sorry) about the need for internal auditors to cut out any activity that doesn’t create value for its customers in management and on the board. This is an essential element in the great discipline, originally used in manufacturing by Toyota, called Lean.
Integrity Financial Planning
OCTOBER 30, 2023
Everyone’s financial situation is different. Loan status, job situation, and the age of your kids all significantly impact your financial situation as you approach retirement. When it comes to Social Security there are a lot of different factors to consider, and the right path forward may not be apparent to you. Just because someone else made a similar financial move that worked doesn’t mean it will work for you.
Speaker: Ashley Harlan, MBA
What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.
Trade Brains
OCTOBER 30, 2023
Honasa Consumer IPO Review : The much awaited IPO is set to hit the markets. Honasa Consumer which owns the flagship brand- Mamaearth, is coming up with the IPO which is set to be listed on the NSE and BSE. The IPO will be open for subscription on 31st October 2023 and closes on 2nd November 2023. In this Honasa Consumer IPO review, which owns the brand- Mamaearth, we look at their scale of operations, GMP, strengths, weaknesses & more.
WiserAdvisor
OCTOBER 30, 2023
What do you do before you visit a doctor? Understand your condition, prepare for all the questions that the doctor would ask, ensure all your test reports and medical history documents are in order and so on. Preparation is a must even before you visit a financial advisor. 7 Things to do to prepare for your first financial advisor meeting List your assets and liabilities Outline your income and expenses Write down your goals Consider the needs of your family Understand your financial strengths
Advisor Perspectives
OCTOBER 30, 2023
I analyze the math of annuity income riders and how you pay the insurance company to draw down your own assets. It is highly unlikely the insurers will pay a dime, which makes those riders questionable.
Calculated Risk
OCTOBER 30, 2023
A few excerpts from a note by Goldman Sachs economists Spencer Hill and Manuel Abecasis: 2024 Inflation Outlook: Approaching the Target "We are lowering our December 2024 core CPI forecast by two tenths to 2.7% year-on-year, and we continue to expect a significant decline in core PCE inflation from 3.7% currently to 2.4% in December 2024. We expect the backdrop of falling but above-target inflation to validate the Fed’s decision to hold the fed funds rate at its current level until 2024Q4.
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.
A Wealth of Common Sense
OCTOBER 30, 2023
Today’s Talk Your Book is brought to you by KraneShares: Today we are joined by Brendan Ahern, CIO of Kraneshares to discuss their new Global Luxury Index ETF $KLXY On today’s show, we discuss: The creation of the Luxury ETF Luxury spending dynamics and recessions Getting exposure to China through European companies Demographic trends and the wealth effect Utilizing thematics in a portfolio Finding a better.
Calculated Risk
OCTOBER 30, 2023
From Matthew Graham at Mortgage News Daily: Mortgages Rates Just Barely Higher. Bigger Moves Are Likely Ahead Mortgage rates barely budged today. The average lender was just a hair higher compared to Friday's top tier conventional 30yr fixed rate offerings. The biggest risk (or opportunity) involves a cohesive message across multiple economic reports and events.
Wealth Management
OCTOBER 30, 2023
Morgan Stanley announced last week that Ted Pick will succeed James Gorman as CEO.
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