The Big Picture
NOVEMBER 22, 2023
We spend way too much time trying to predict the future (especially this time of year). Rather than engage in futility, let’s look at the coincident indexes in all 50 states over the past 3 months, via the Federal Reserve Bank of Philadelphia (October 2023). Note: I have been occasionally eyeballing this map since 2008 , and it does a good job of showing the overall trend of the economy (on an obvious lag).
Abnormal Returns
NOVEMBER 22, 2023
Podcasts Roben Farzad talks with Morgan Housel, author of "Same as Ever.Same as Ever: A Guide to What Never Changes." (pod.link) Thomas Kopelman talks with Daniel Crosby about money lessons for life. (podcasts.apple.com) Mason King talks with Peter Dunn about five things you need to know about your finances. (ibj.com) Christine Benz talks safe withdrawal rates with Amy Arnott and John Rekenthaler.
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Nerd's Eye View
NOVEMBER 22, 2023
For all of the myriad ways financial advisors can structure and run their practices, firm owners generally encounter similar stages in the development of their firms. At some point, solo advisors will need to decide whether to increase their headcount, and an ensemble practice may later evolve into a centralized brand with significant enterprise value.
Abnormal Returns
NOVEMBER 22, 2023
AI Sam Altman is back at OpenAI, but everything has changed. (bigtechnology.com) Om Malik, "If you are a startup, an organization, or a large company, you need to learn from the past five days [at OpenAI] and start building resilience in your product plans." (om.co) The OpenAI fiasco highlights the importance of corporate governance. (theatlantic.com) Finance Banks are planning to start.lending again.
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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.
Wealth Management
NOVEMBER 22, 2023
Pay close attention to the upcoming U.S. Supreme Court decision.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
NOVEMBER 22, 2023
Integrations, analytics and measured innovation are the guidelines the former AssetMark CEO will follow in stitching together the firm’s bundle of businesses into a unified wealthstack.
Trade Brains
NOVEMBER 22, 2023
Suzlon Energy Vs CG Power : India is currently undergoing a revolution in its energy space. The country that has always been massively dependent on burning coal is now shifting to something greener & cleaner. The Companies that we will look at are at the forefront of this space. Although the Companies are slightly different, one manufactures products that generate energy while the other manufactures products to store this energy.
Wealth Management
NOVEMBER 22, 2023
Open, honest and candid discussion about cyber hacks, the new DOL fiduciary rule, Envestnet's partnership with Empower, AI and more.
Calculated Risk
NOVEMBER 22, 2023
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 3.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 17, 2023. The Market Composite Index, a measure of mortgage loan application volume, increased 3.0 percent on a seasonally adjusted basis from one week earlier.
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
NOVEMBER 22, 2023
Gregory Gardner relies in large measure on technologies from Orion Advisor Solutions to run and manage his $85 million in AUM RIA, but has gone a different route with some of his tech.
Alpha Architect
NOVEMBER 22, 2023
We are pleased to announce that Erik Chavez has joined Alpha Architect and will work alongside Kyle and Doug to support our 1042 QRP ESOP service (qualified replacement property for ESOP rollovers). While new to our team, Erik has been our friend for a long time. Erik is a multiple-time March for the Fallen survivor -- see below when he is part of the MFTF clean-up crew (cirled in blue).
Wealth Management
NOVEMBER 22, 2023
Schwab's Lisa Salvi shares how successful firms leverage a comprehensive approach to long-term success.
Calculated Risk
NOVEMBER 22, 2023
Today, in the CalculatedRisk Real Estate Newsletter: Lawler on Existing Home Sales, Population Projections and Household Slowdown Excerpt: Census’ new long-term US population projections released last Friday were massively lower than the previous long-term projection released in 2017. In a report earlier this week I highlighted the how the projected components of population change (births, deaths, and net international migration) differed in the two forecasts.
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
NOVEMBER 22, 2023
Ahead of Thanksgiving, Osaic-affiliated AmeriFlex added two teams in four states and Steward Partners moved into Georgia.
A Wealth of Common Sense
NOVEMBER 22, 2023
Today’s Animal Spirits is brought to you by YCharts: See here to register for the YCharts Year-End Strategy webinar with the Animal Spirits team! On today’s show, we discuss: Power laws in the stock market Some of the trillions parked in cash may trickle back into stocks now that the market is rallying How the young should invest The Fed is charting a course to stagflation and recession Summers says.
Wealth Management
NOVEMBER 22, 2023
Matt Stewart, Chief Operating Officer, Oaktree Strategic Credit Fund at Brookfield Asset Management discusses credit markets.
Random Roger's Retirement Planning
NOVEMBER 22, 2023
Today I want to dig into a couple of different things related to return stacking. As a quick explainer, return stacking is the use of leverage in a portfolio to add an alternative asset class/strategy on top of the more typical mix of stocks and bonds. This is usually done with the intention of adding an uncorrelated asset class to a portfolio in an attempt to reduce portfolio volatility.
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.
Wealth Management
NOVEMBER 22, 2023
Avantax shareholders voted in favor of the previously-announced deal to sell the company to Cetera, according to SEC filings.
Advisor Perspectives
NOVEMBER 22, 2023
In the week ending November 18, initial jobless claims were at a seasonally adjusted level of 209,000, a decrease of 24,000 from the previous week's revised figure. The latest reading is lower than the forecast of 225,000.
Wealth Management
NOVEMBER 22, 2023
Transcript of Episode 86 of 401(k) Real Talk.
Meb Faber Research
NOVEMBER 22, 2023
Episode #509: Austin Root, Stansberry Asset Management – The Case For Productive Assets Guest: Austin Root is the Chief Investment Officer of Stansberry Asset Management. Previously, he co-founded and ran North Oak Capital, a New York-based hedge fund that received a strategic investment from Julian Robertson and Tiger Management. Date Recorded: 11/1/2023 | Run-Time: 1:00:14 […] The post Episode #509: Austin Root, Stansberry Asset Management – The Case For Productive Ass
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.
Calculated Risk
NOVEMBER 22, 2023
From ICE / Black Knight: ICE First Look at Mortgage Performance: Foreclosure starts rose in October, despite serious delinquencies returning to 17-year lows • The national delinquency rate fell 3 basis points (bps) to 3.26% in October , marking a 9 bps (-2.8%) improvement from the same time last year • Serious delinquencies (90+ days past due) fell to 447K, once again hitting their lowest levels since 2006 • Loans 30-days late also declined, marking the first such improvement in five months • De
Advisor Perspectives
NOVEMBER 22, 2023
New orders for manufactured durable goods fell more than expected in October, coming in at $279.44B. This is a 5.4% decrease from the previous month and is more than the expected 3.1% decline. The series is up 0.3% year-over-year (YoY). If we exclude transportation, "core" durable goods were unchanged from the previous month and up 1.3% from one year ago.
Calculated Risk
NOVEMBER 22, 2023
From WardsAuto: November U.S. Light-Vehicle Sales to Improve on Past Three Months (pay content). Brief excerpt: The recent falloff in the SAAR from summer highs could mean more consumers are reaching price fatigue. It also could be that some of the stronger selling segments – especially fullsize trucks – of the past two-plus years are closer than other segments to meeting the pent-up demand built up since the inventory drain caused by the semiconductor shortage began in early 2021.
Advisor Perspectives
NOVEMBER 22, 2023
Consumer sentiment fell for a fourth consecutive month in November according to the final report for the Michigan Consumer Sentiment Index. The index came in at 61.3, down 2.5 points (-3.9%) from the October final. This morning's reading was above the forecast of 60.4.
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.
Trade Brains
NOVEMBER 22, 2023
Best Stocks and Sectors in India : Every once in a while the technologies and innovations keep changing. Some of these stand the test of time by solving a solution, increasing operational efficiency, or reducing costs. Companies engaged in developing and distributing such technologies and innovative products or services from initial stages eventually become futuristic sectors that offer attractive investment opportunities.
Advisor Perspectives
NOVEMBER 22, 2023
A quirk in retirement fund accounting is making corporate pensions look particularly flush now, giving them more incentive to cut risk by dumping equities and buying bonds.
Calculated Risk
NOVEMBER 22, 2023
The DOL reported : In the week ending November 18, the advance figure for seasonally adjusted initial claims was 209,000 , a decrease of 24,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 231,000 to 233,000. The 4-week moving average was 220,000, a decrease of 750 from the previous week's revised average.
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