Abnormal Returns
JUNE 25, 2024
Alternatives Pension plans could generate equivalent returns with low-cost, index investments. (crr.bc.edu) Equity funds with VC investments don't outperform. (papers.ssrn.com) Just how big is the carried interest loophole. (papers.ssrn.com) 52 week highs Liquidity picks up at 52-week highs. (papers.ssrn.com) Do corporate bonds take note of 52-week stock highs?
Nerd's Eye View
JUNE 25, 2024
Welcome everyone! Welcome to the 391st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Christopher Jones. Chris is the founder of Sparrow Wealth Management, an RIA based in Orlando, Florida, that oversees approximately $110 million in assets under management for 68 client households. What's unique about Chris, though, is how he has built a highly efficient solo practice that allows him to work fewer than 25 hours/ week to have more time for his family and manage
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Abnormal Returns
JUNE 25, 2024
Strategy Stop dissing standard deviation as a risk measure. (morningstar.com) ETF is not a euphemism for good investment. (etf.com) Finance Can Citi ($C) ever catch up to its peers? (wsj.com) Where did all the Chinese IPOs go? (nytimes.com) The Series A crunch is here. (tomtunguz.com) Weight loss Novo Nordisk ($NVO) is building a new plant in North Carolina to manufacture weight loss drugs.
A Wealth of Common Sense
JUNE 25, 2024
Here’s a headline you only see during a bull market: This is from the article: “It’s a new way of making money,” Nova told Fortune. “New possibilities for people: that you don’t have to, in this day and age, work as hard. Work smarter, not harder.” Following the stars has worked out for Nova. She quit her job as a tarot reader and astrology consultant this year to day-trade, fin.
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.
Advisor Perspectives
JUNE 25, 2024
I have long admired Jonathan Clements. His columns in The Wall Street Journal introduced me to index-based investing. I was deeply saddened to read his column in HumbleDollar, dated June 15, 2024, that, at age 61, he has been diagnosed with lung cancer that has metastasized to his brain and “a few other spots.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
JUNE 25, 2024
S&P/Case-Shiller released the monthly Home Price Indices for April ("April" is a 3-month average of February, March and April closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P S&P CoreLogic Case-Shiller Index Break Prvious Month's All-Time High in April 2024 The S&P CoreLogic Case-Shiller U.S.
Wealth Management
JUNE 25, 2024
A new report from Cerulli & Associates finds the retail financial advisor channel has been the biggest growth driver behind ETFs.
Advisor Perspectives
JUNE 25, 2024
The Federal Housing Finance Agency (FHFA) house price index (HPI) increased to 424.3 in April, a new all-time high. U.S. house prices rose by 0.2% from the previous month and are up 6.3% from one year ago. After adjusting for inflation, the real index was flat month-over-month and up 4.0% year-over-year.
Wealth Management
JUNE 25, 2024
Terramar Wealth leaves SagePoint, one of the b/ds consolidated into Osaic, after 22 years with the firm.
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.
Million Dollar Round Table (MDRT)
JUNE 25, 2024
By Bryce Sanders How much do people know about you as a financial advisor or life insurance agent? Suppose someone across the room pointed you out. How would that person describe you, and would it be accurate? When you join a local nonprofit or other community organization, you might be surrounded by high-net-worth individuals, but are they aware of you and do they know how you can be of service to them as an advisor?
Wealth Management
JUNE 25, 2024
Morningstar broke down what advisors and investors need to know about the recent surge in interval funds. The explosion in private credit has had the unintended effect of reducing the broader financial system’s leverage, according to Investing.com. These are among the investment must reads we found this week for wealth advisors.
Calculated Risk
JUNE 25, 2024
Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 6.3% year-over-year in April; FHFA: House Prices Increased 0.2% in April, up 6.3% YoY Excerpt: S&P/Case-Shiller released the monthly Home Price Indices for April ("April" is a 3-month average of February, March and April closing prices). April closing prices include some contracts signed in December, so there is a significant lag to this data.
Wealth Management
JUNE 25, 2024
Gwen Weithaus will join as chief compliance officer for one of Cetera’s network of four independent firms and will report to Cetera Chief Risk Officer Joseph Neary.
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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.
Advisor Perspectives
JUNE 25, 2024
The Conference Board's Consumer Confidence Index® slightly weakened in June. The index fell to 100.4 this month from May's downwardly revised 101.3. This month's reading was better than expected, exceeding the 100.0 forecast.
Wealth Management
JUNE 25, 2024
U.S. District Judge Holly Teeter dismissed defamation charges Edelman made against Mariner but allowed the misappropriation and conspiracy claims to remain in place.
Calculated Risk
JUNE 25, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 10:00 AM, New Home Sales for May from the Census Bureau. The consensus is for 650 thousand SAAR, up from 634 thousand in April. • During the day, The AIA's Architecture Billings Index for May (a leading indicator for commercial real estate).
Wealth Management
JUNE 25, 2024
Amplify efficiency, enhance the client experience, and support compliance.
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
Advisor Perspectives
JUNE 25, 2024
Home prices continued to trend upwards in April as the benchmark 20-city index rose for a fourteenth consecutive month to a new all-time high. The S&P Case-Shiller Home Price Index revealed seasonally adjusted home prices for the 20-city index saw a 0.4% increase month-over-month (MoM) and a 7.2% increase year-over-year (YoY). After adjusting for inflation, the MoM was reduced to 0.0% and the YoY was reduced to 1.3%.
Wealth Management
JUNE 25, 2024
While not exactly a free lunch, for some investors, it's been a free stop at the dessert tray.
Calculated Risk
JUNE 25, 2024
Two key points: 1) There is a clear seasonal pattern for house prices. 2) The surge in distressed sales during the housing bust distorted the seasonal pattern. This was because distressed sales (at lower price points) happened at a steady rate all year, while regular sales followed the normal seasonal pattern. This made for larger swings in the seasonal factor during the housing bust.
Wealthfront
JUNE 25, 2024
Welcome to our Ask Wealthfront series, where we tackle your questions about personal finance and investing. Want to see your question answered here? Reach out to us on social media and we’ll try to address it in a future column. If I have extra cash, should I use it to pay off my mortgage early […] The post Ask Wealthfront: Should I Pay Off My Mortgage Early or Invest?
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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.
Steve Sanduski
JUNE 25, 2024
Guests: Andrew M. Bailey, Bradley Rettler, and Craig Warmke , philosophers, Bitcoin enthusiasts, and coauthors of the new book Resistance Money: A Philosophical Case for Bitcoin. In a Nutshell: Whenever Bitcoin makes headlines, skeptics dismiss the cryptocurrency as a solution in search of a problem, a technology with no mainstream uses, or a Ponzi scheme waiting for its next sucker.
Advisor Perspectives
JUNE 25, 2024
It might seem like a far-fetched concept, but making the sale should be a consistently predictable and effortless experience. Your outcomes should not be unpredictable and you should not have to “follow-up” on qualified prospects who have ghosted you.
Advisor Perspectives
JUNE 25, 2024
When it comes to personalization, automation can be one of our most powerful tools. That might sound paradoxical, but it’s not.
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!
Advisor Perspectives
JUNE 25, 2024
The Chicago Fed National Activity Index (CFNAI) rose to +0.18 in May from -0.26 in April. Three of the four broad categories of indicators used to construct the index increased from April and two categories made positive contributions in May. The index's three-month moving average, CFNAI-MA3, fell to -0.09 in May from -0.05 in April.
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