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?
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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.
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.
Advertisement
As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
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.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
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
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
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.
Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor
During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.
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
The estate tech company is betting that increased human service and support are worth sacrificing speed.
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
Terramar Wealth leaves SagePoint, one of the b/ds consolidated into Osaic, after 22 years with the firm.
Advertisement
Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.
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%.
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.
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.
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).
Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC
In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.
Advisor Perspectives
JUNE 25, 2024
Fifth district manufacturing activity slowed in June, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index fell to -10 this month from 0 in May. This month's reading was worse than the forecast of -3.
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.
Advisor Perspectives
JUNE 25, 2024
Bobby Jain has gathered $5.3 billion in commitments for his new multistrategy hedge fund, marking the biggest fundraising haul since ExodusPoint Capital Management’s record debut.
Wealth Management
JUNE 25, 2024
While not exactly a free lunch, for some investors, it's been a free stop at the dessert tray.
Advertisement
Creating a winning digital lending experience requires plenty of focus on the needs of customers and more. Biz2X Chief Product Officer Aaron Traub covers everything from how to create such an experience, areas to hone in on, pitfalls to avoid, and plenty more in this insightful article. Discover how to utilize new technology without alienating existing customers, what to emphasize when working on your platform, and how to utilize the data at your disposal while not becoming overly reliant on it.
Advisor Perspectives
JUNE 25, 2024
Every now and then, a company comes along that is so dominant and is growing so quickly that it feels like the only stock anyone cares about. I’m referring, of course, to Nvidia Corp., the chip giant powering artificial intelligence. Its stock has surged 4,000% over the past five years, making it one of the three most valuable businesses in the world alongside heavyweights Microsoft Corp. and Apple Inc.
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?
Advisor Perspectives
JUNE 25, 2024
Market expectations for Federal Reserve rate cuts in 2024 have shifted dramatically, from six cuts expected at the start of the year, to barely one or two at this writing. Here’s why we think the US economy’s resilience and the year-to-date increase in yields may prolong an attractive opportunity in fixed income.
Diamond Consultants
JUNE 25, 2024
Doing everything you can to deliver better service, drive growth, and achieve your goals faster can result in extraordinary benefits. Excellence is something every advisor strives for: Pursuing anything less runs counter to the very fabric of being a fiduciary. Yet some advisors take it even a step further. They’re not willing to wait to achieve what they define as “excellence” but instead are on a quest to find the fastest and most efficient way to get there.
Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker
If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!
Advisor Perspectives
JUNE 25, 2024
This year's tale of two markets has underscored resilience at the index level but considerable weakness at the individual member level, leading to massive performance divergences.
Calculated Risk
JUNE 25, 2024
From WardsAuto: June U.S. Light-Vehicle Sales Likely Reduced by Cyberattack (pay content). Brief excerpt: Unknown is how many unit sales in June might be lost because of the attack. Not all affected dealers stopped selling vehicles and many that did have since resumed, often manually processing sales and finding alternative ways to deliver vehicles to customers.
Advisor Perspectives
JUNE 25, 2024
Gas prices were unchanged from last week. As of June 24th, the price of regular gas was flat while the price of edged down by 1 cent from the previous week. The WTIC end-of-day spot price for crude oil closed at $81.63, up 2.4% from last week.
Expert insights. Personalized for you.
258 
Let's personalize your content