Nerd's Eye View

FEBRUARY 9, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent survey sponsored by CFP Board demonstrates the upsides of a career in financial planning, from a median salary of nearly $200,000 to flexible work schedules and a strong sense of purpose among advisors. In addition, related research suggests further opportunities for firms looking to acquire and retain talent, from providing a greater sense of autonomy to bu

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Financial Planner Fee Only CFP Commission 237

The Big Picture

FEBRUARY 9, 2024

Hey, I am heading up to Boston today for the annual MIT Sloan Investment Conference. Its’ always a fascinating time (I usually depart with some quality swag!). I will be on a panel discussing Macroeconomics with former Fed Economist Claudia Sahm. I am looking forward to meeting Karen Karniol-Tambour, Co-Chief Investment Officer at Bridgewater Associates.

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Investing Investments 144

Calculated Risk

FEBRUARY 9, 2024

The BLS reported 353 thousand non-farm jobs were added in January. During the Winter months, I like to look at the weather impact on the report. The BLS reported 553 thousand people were employed in non-agriculture industries, with a job, but not at work due to bad weather. The average for January over the previous 10 years was 257 thousand (median 248 thousand), so more people than normal were impacted by bad weather.

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Alpha Architect

FEBRUARY 9, 2024

Advisors and investors should be aware that fund families that invest systematically have found ways to incorporate the research findings on the limits to arbitrage and the evolving changes we have discussed to improve returns over those of a pure index replication strategy. It seems likely this will become increasingly important, as the markets have become less liquid, increasing the limits to arbitrage and allowing for more overpricing.

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Investing Investments Marketing Marketing 120

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.

Accounting

A Wealth of Common Sense

FEBRUARY 9, 2024

Think back to the economic set-up at the end in September 2022. The stock market was down 25% on the year. The latest inflation reading was still well over 8%. Interest rates had shot up. The Fed was raising rates aggressively. A recession was all but consensus. And why wouldn’t it be? That’s what the Fed was telling everybody! Jerome Powell gave a press conference at the time that echoed the dire sentiment in.

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Economics Marketing Marketing 116

Advisor Perspectives

FEBRUARY 9, 2024

The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of January 26th, the index was at 15.952, down 1.109 from the previous week, with 4 of the 6 components in expansion territory.

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Economics Economy 111

Trade Brains

FEBRUARY 9, 2024

Vodafone Idea : Imagine the bustling streets of Chennai, Delhi, or Mumbai. A symphony of car horns and conversations blends with the ubiquitous beep of smartphones – a testament to India’s booming mobile revolution. In this landscape, Vodafone Idea (Vi) once reigned supreme, a towering telecom giant boasting millions of subscribers. But the past few years have been a rollercoaster ride for the company, with a narrative that shifted from dominance to decline, and now, unexpectedly, to a gli

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Marketing Marketing Government Assets 111

Wealth Management

FEBRUARY 9, 2024

Through mutual funds, ETFs, target date funds and direct stock ownership, 168 million Americans have exposure to publicly traded REITs.

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Trade Brains

FEBRUARY 9, 2024

Prestige Estates Projects : With a market cap of ₹ 53,659 Cr, Prestige Estates Projects holds a prominent note, with its innovation, and strategic expansion. Over the past three decades, Prestige has transformed from a regional builder into a national behemoth, leaving a mark on the urban landscape. After the announcement of the quarterly results of Prestige Estates Projects, the stock saw an increase of 11% in just two days.

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Retail Portfolio Sales Management 105

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.

Accounting

Wealth Management

FEBRUARY 9, 2024

Both NewEdge RIAs announced deals this week, as did EP Wealth, Crewe Advisors and Sanctuary. Income Research + Management and Angeles Wealth named new executives.

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Management 111

Advisor Perspectives

FEBRUARY 9, 2024

Nvidia Corp.’s stock has rallied so much this year that it’s now threatening to overtake Amazon.com Inc. to become the fourth most valuable US company.

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Marketing Marketing 98

Wealth Management

FEBRUARY 9, 2024

Despite a decline in M&A activity in 2023, 77% of wealth management firms expect to do a deal by the end of this year, according to a MarshBerry and WMIQ survey.

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Wealth Management Marketing Marketing Management 110

Calculated Risk

FEBRUARY 9, 2024

From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. In January, severe winter weather significantly disrupted railroad and rail customer operations in much of the country. Moreover, uncertainty remains in the economy, especially in sectors that are important to railroads, like manufacturing.

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Manufacturing Economy 78

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Accounting

Wealth Management

FEBRUARY 9, 2024

The settlements with Northwestern Mutual, Guggenheim and Oppenheimer & Co. mirror other allegations concerning retaining electronic communications.

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Communication Electronics 114

Random Roger's Retirement Planning

FEBRUARY 9, 2024

In an interview with Barry Ritholtz, David Einhorn said that "markets are fundamentally broken" because there is so much indexing occurring and that index investors are not price sensitive and don't consider value when purchasing. John Authors at Bloomberg goes into better detail including a reference to the Bernstein paper from 2016 that likened indexing to Marxism.

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Investment Advisor Management Taxes Portfolio 73

Wealth Management

FEBRUARY 9, 2024

Also, business valuation tech provider Capitaliz hires a new executive and TIFIN acquires The Giving Place.

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Valuation 110

Calculated Risk

FEBRUARY 9, 2024

From BofA: Next week, we will start 1Q GDP tracking with the January advance retail sales print. [Feb 9th comment] emphasis added From Goldman: We boosted our Q1 GDP tracking estimate by 0.1pp to +2.9% (qoq ar) and we left our domestic final sales forecast unchanged at +3.2% (qoq ar). [Feb 7th estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2024 is 3.4 percent on February 8, unchanged from February

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Retail Sales 67

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

Numbers

Wealth Management

FEBRUARY 9, 2024

The addition builds on the wirehouse's ultra-high-net-worth business.

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Calculated Risk

FEBRUARY 9, 2024

The BLS updated the seasonal factors for CPI. Although the changes were small, CPI over the last 6 months increased 3.1% (annualized) compared to the previously announced 3.3%. CPI for December was revised down from a 0.30% month-over-month increase to 0.23% with the updated seasonal factors. Core CPI was essentially unchanged over the last 6 months.

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Advisor Perspectives

FEBRUARY 9, 2024

Matt Bush and Evan Serdensky share their updated outlook following the latest FOMC meeting and the January jobs report.

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Investing Investments Marketing Marketing 114

Wealth Management

FEBRUARY 9, 2024

A tweak to perspective, process or presentation could pay dividends.

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Insurance Marketing Marketing 110

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Planning

Calculated Risk

FEBRUARY 9, 2024

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Due to changes at the CDC, weekly cases are no longer updated. For deaths, I'm currently using 4 weeks ago for "now", since the most recent three weeks will be revised significantly. Hospitalizations have almost quadrupled from a low of 5,150 in June 2023, however, they have declined from around 30,000 in early 2024.

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Numbers 62

Advisor Perspectives

FEBRUARY 9, 2024

The yield on the 10-year note ended February 9, 2024 at 4.17%, the 2-year note ended at 4.48%, and the 30-year at 4.37%.

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Trade Brains

FEBRUARY 9, 2024

Best Debt Free Stocks Under Rs 100 A debt free company is always looked at with a positive outlook as there is less risk of bankruptcy and management looks confident. In this article, we will look into a few debt free stocks under Rs 100 and worth keeping a watch. Please keep reading to know about it. Best Debt Free Stocks Under Rs 100 #1: NBCC (India) Ltd.

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Pharmaceutical Engineering Manufacturing Government 59

Truemind Capital

FEBRUARY 9, 2024

Do you want to create wealth from compounding? Aim for 12-15% returns and not 25%! You must be thinking why not target 25% returns? Well, here is the story. There is a typical cycle for most of the investors in the market. The most convenient and traditional investment options are FDs and real estate. When any FD investor wants to create a mutual fund portfolio, they expect returns slightly better than FDs.So if the FD is giving 7-8% returns, the expectation is to generate 10-12% returns over a

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Valuation Portfolio Assets Investing 59

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!

Management

Advisor Perspectives

FEBRUARY 9, 2024

The S&P 500 reached another record high on Friday as the index closed above 5000 for the first time in history. The index is currently up 5.98% year to date and has set a new record closing high ten times so far this year.

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Wealth Management

FEBRUARY 9, 2024

A guide to sensible separation and a dignified divorce.

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Advisor Perspectives

FEBRUARY 9, 2024

With eight seconds left on the play clock, Harrison Butker of the Kansas City Chiefs kicked a chip shot field goal that put the nail in the coffin for the Philadelphia Eagles.

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