Abnormal Returns
JUNE 18, 2024
Markets Market breadth is not great. (sherwood.news) The Magnificent Seven also stand out for their stock buybacks. (visualcapitalist.com) Alternatives The Bogle Effect has not come for alternative asset classes. (ofdollarsanddata.com) Pension funds could skip on the alternatives and just invest in low-cost index investments. (crr.bc.edu) Strategy The many ways in which investing is NOT like poker.
The Big Picture
JUNE 18, 2024
The transcript from this week’s, MiB: Erika Ayers Badan, CEO of Barstool Sports , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ Bloomberg Audio Studios, podcasts, radio News.
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Abnormal Returns
JUNE 18, 2024
AlphaSense AlphaSense is buying Tegus. (bloomberg.com) What next for AlphaSense? (mattober.co) Private equity As alts go, so go pension fund returns. (papers.ssrn.com) Comparing the (real) volatility of private equity and private credit. (alphaarchitect.com) Secondary PE investments are a necessary part of the system. (caia.org) How much in taxes have private equity fund managers avoided through carried interest?
Nerd's Eye View
JUNE 18, 2024
Welcome back to the 390th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Brent Carnduff. Brent is the founder of Advisor Rankings, a marketing firm based in Boise, Idaho that specializes in search engine optimization for financial advisors. What's unique about Brent, though, is how his firm helps advisors maximize both the advisor's organic SEO to attract prospects with specific planning needs through effective content creation , and their local SEO to rise to
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 18, 2024
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
A Wealth of Common Sense
JUNE 18, 2024
The stock market looks a lot like the wealth profile in this country — the rich keep getting richer. That richness can be expressed in a couple of different ways. First up is market cap. The biggest stocks are a lot bigger than the others: Corporations in the S&P 500 aren’t evenly distributed. In fact, the top 25 companies in the S&P 500 are as big as the rest of the index combined.1 The biggest sto.
Wealth Management
JUNE 18, 2024
James McDonald was taken into custody in Port Orchard, Wash. and will face federal charges in Los Angeles. He is accused of losing millions in client funds and fled an SEC subpoena in 2021.
NAIFA Advisor Today
JUNE 18, 2024
Message From the CEO One hundred and thirty-four years ago today, a group of life insurance agents from different parts of the United States gathered at the Parker House in Boston to create the National Association of Life Underwriters. This organization, which grew into the NAIFA we cherish and celebrate today, was formed to promote the success of the life insurance industry and encourage laws prohibiting life insurance agents from engaging in questionable or unethical practices.
Wealth Management
JUNE 18, 2024
The report shows advisor interest in alternative investments even as some struggle with implementation, according to CAIA Managing Director Aaron Filbeck.
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.
Advisor Perspectives
JUNE 18, 2024
Pacific Investment Management Co. expects more regional bank failures in the US because of a “very high” concentration of troubled commercial real estate loans on their books.
Wealth Management
JUNE 18, 2024
Fisher Investments’ $12.75 billion valuation does not set a new benchmark for RIAs, but given the size, scope and buyer, it marks an inflection point for the industry overall, observers say.
Million Dollar Round Table (MDRT)
JUNE 18, 2024
By Bryce Sanders Besides being financial advisors, we’re also someone else’s client, customer or patient. When you think of those relationships, do you feel like a valued client or just another number? Your answer might be that you feel like a valued client or customer when, “They treat me like an individual,” or “They care about me as a person.” It is often, “They have taken the time to learn my likes and dislikes.
Wealth Management
JUNE 18, 2024
Blackrock’s Chief Investment Officer reported that while hedge funds and brokerages have dipped into spot bitcoin ETFs, RIAs have been slower to embrace them. Morgan Stanley is adding more manager-traded SMAs to its UMA platform, reports FundFire. These are among the investment must reads we found this week for wealth advisors.
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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 18, 2024
Nvidia Corp. insiders have sold shares worth more than $700 million this year as the stock continues to push deeper into record territory amid unrelenting demand for its chips.
Wealth Management
JUNE 18, 2024
The Brown-Brinkley Group includes two managing directors with nearly six decades of collective industry experience. They will operate out of RBC’s office in Tysons, Virginia.
Calculated Risk
JUNE 18, 2024
On a monthly basis, retail sales were "virtually unchanged" from March to April (seasonally adjusted), and sales were up 3.0 percent from April 2023. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for May 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $703.1 billion, up 0.1 percent from the previous month, and up 2.3 percent above May 2023.
Advisor Perspectives
JUNE 18, 2024
The Census Bureau's Advance Retail Sales Report for May revealed headline sales rose 0.1% in May. The latest reading was below the expected 0.3% monthly rise in consumer spending.
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
Calculated Risk
JUNE 18, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • All US markets will be closed in observance of Juneteenth National Independence Day • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 10:00 AM, The June NAHB homebuilder survey.
Advisor Perspectives
JUNE 18, 2024
Why do people so consistently underestimate their lifespan? Their thinking is influenced by the money scripts, financial circumstances, stories, and emotions that drive a person’s cognitive biases, or mental shortcuts.
Calculated Risk
JUNE 18, 2024
Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in May A brief excerpt: From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 4.13 million in May, down 0.2% from April’s preliminary pace and down 2.4% from last May’s seasonally adjusted pace.
Advisor Perspectives
JUNE 18, 2024
Yes, differentiation is hard, which is why developing a niche target market has become so popular recently. It can dramatically reduce the number of competitors. But even advisors who focus on a niche have competition.
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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.
Calculated Risk
JUNE 18, 2024
Today, in the Calculated Risk Real Estate Newsletter: 4th Look at Local Housing Markets in May; California Home Sales Down 6% YoY in May A brief excerpt: The National Association of Realtors (NAR) is scheduled to release May Existing Home Sales on Friday June 21st at 10 AM ET. The early consensus is for 4.10 million SAAR, down from 4.14 million in April, and down from 4.23 million in May 2023.
Wealth Management
JUNE 18, 2024
Does the wisdom of age outweigh the other limitations it can impose?
Advisor Perspectives
JUNE 18, 2024
Month-over-month nominal retail sales in May were up 0.1% and up 2.27% year-over-year. However, after adjusting for inflation, real retail sales were up 0.1% MoM and down 0.95% year-over-year.
Wealth Management
JUNE 18, 2024
Stonebridge Financial Partners, a Michigan-based team of 18, has joined NewEdge from Carson.
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 18, 2024
In this episode of Dear Ficomm, I'll talk you through specific, actionable tips about how to get more registrants to your webinar as a financial advisor.
Wealth Management
JUNE 18, 2024
The relationship will give Assetmark’s network of over 10,000 advisors access to TIFIN Give's advanced DAF technology.
Advisor Perspectives
JUNE 18, 2024
When SEO is carefully managed during a merger, everyone wins: clients feel comfortable, associates are more confident, and vital branding and marketing assets are preserved.
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