The Big Picture
SEPTEMBER 28, 2023
I have been watching various sentiment polls and Right/Wrong Track questionnaires with detached bemusement. Bemused because they are so silly, and detached because I know I can’t change human nature. What I can do is share a few modest insights; hopefully, these will allow you to gain a fresh perspective you might not have otherwise considered or perhaps even garner a better understanding of what is happening right here and now.
Abnormal Returns
SEPTEMBER 28, 2023
Books An excerpt from "Optimal Illusions: The False Promise of Optimization" by Coco Krumme. (engadget.com) An excerpt from Michael Wolff's new book, "The Fall: The End of Fox News and the Murdoch Dynasty." (theankler.com) A Q&A with Taylor Lorenz author of "Extremely Online: The Untold Story of Fame, Influence, and Power on the Internet." (vox.com) Health Is the 'war on cancer' a failure?
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Wealth Management
SEPTEMBER 28, 2023
MarketCounsel founder Brian Hamburger joins estate planning tech platform Wealth.com as a strategic advisor.
Abnormal Returns
SEPTEMBER 28, 2023
Strategy Understanding seasonality can enlighten your view of the stock market. (theirrelevantinvestor.com) Why it is so hard to be a truly long term investor. (behaviouralinvestment.com) Why traditional diversification isn't enough. (morningstar.com) Finance M&A volume has fallen off the table. (ft.com) Why auto insurance premiums are soaring. (barrons.com) How much is Tesla ($TSLA) worth?
Advertisement
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
SEPTEMBER 28, 2023
The outgoing CEO of Orion Advisor Solutions shares his journey from the founding of the company, the firm’s growth over the years and perspectives on the future of wealth management, technology and AI.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
SEPTEMBER 28, 2023
Preferred equity providers are increasingly looking to close financing gaps in the multifamily sector, according to Multi-Housing News. CoStar News looks into how the proliferation of AI is driving data center growth beyond their usual markets. These are among today’s must reads from around the commercial real estate industry.
A Wealth of Common Sense
SEPTEMBER 28, 2023
A reader asks: I just turned 27 and I make $260k at a job that I just started less than a year ago. It was a grind to get here and then the job itself is very stressful. I dread going to work in the morning, but I deal with it for the money and save/invest the vast majority of it so I don’t have to do this forever. For context I have ~$400k total in investments right now.
Wealth Management
SEPTEMBER 28, 2023
Former broker Megurditch Patatian allegedly recommended 81 purchases totaling more than $7.8 million of the high-risk product over the course of several years, according to regulators.
Trade Brains
SEPTEMBER 28, 2023
Top Indian Stocks Held By Societe Generale : Societe Generale was established in India in 1978. Today, Societe Generale operates through its local branches based in Mumbai and Delhi serving both Indian corporates and financial institutions, helping them to expand their footprint outside of India as well as global clients of Societe Generale, from Europe, US, Middle East, Africa, and Asia-Pacific, to develop their operations in India Societe Generale’s expertise ranges from corporate and investme
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.
The Irrelevant Investor
SEPTEMBER 28, 2023
Cullen Roche once said, “The stock market is the only market where things go on sale and all the customers run out of the store… ” This behavior might seem irrational, but it’s understandable when you consider how averse people are to losing money. The fastest way to make the pain disappear is to sell, regardless of the irreparable damage you may be doing to your long-term returns.
Trade Brains
SEPTEMBER 28, 2023
India can become the 3rd largest economy by 2027 and even the 2nd largest by 2075, surpassing the US. But hold on! Isn’t it very soon to celebrate? Here’s a truth, a fact, or, you can say, a reality, that we are not yet ready to accept. The increasing youth unemployment! 66% of India’s population (that’s 808 million people) is under the age of 35. Now, that’s a huge number of young, talented people, and a great opportunity for the country to grow its economy with multitalented and skilled
Wealth Management
SEPTEMBER 28, 2023
Harness “digital” to improve the 6-steps of the client experience.
Carson Wealth
SEPTEMBER 28, 2023
By Ryan Detrick, Chief Market Strategist, Carson Group “I don’t make jokes. I just watch the government and report the facts.” -Will Rogers As you’ve probably heard by now, the government is on the brink of shutting down unless Congress connects on a Hail Mary to pass a dozen spending bills before the September 30 funding deadline. The odds are this won’t happen and on October 1 the government will be at least partially shutdown.
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
NAIFA Advisor Today
SEPTEMBER 28, 2023
NAIFA and Sales Activity Management , Inc. (SAM) have completed an educational and affinity partnership agreement, under which the popular SAM Planner can be obtained by NAIFA members at a preferred rate. Additionally, Sales Activity Management, Inc. will become a sponsor of NAIFA’s Talent Development Center of Excellence to collaborate on blog posts, webinars, and other tools focused on enhancing individual advisor/agent performance.
Wealth Management
SEPTEMBER 28, 2023
Kraken has applied with FINRA for a broker/dealer license to allow it to trade US-listed stocks and ETFs, targeting a 2024 launch.
Advisor Perspectives
SEPTEMBER 28, 2023
The MOVEit breach affected the clients of every wealth manager in America.
Wealth Management
SEPTEMBER 28, 2023
The money manager says sustainable investing is here to stay, but ESG-labeled index-tracking portfolios are the wrong path.
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.
Calculated Risk
SEPTEMBER 28, 2023
From the NAR: Pending Home Sales Tumbled 7.1% in August Pending home sales slid 7.1% in August , according to the National Association of REALTORS®. All four U.S. regions posted monthly losses and year-over-year declines in transactions. "Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers," said Lawrence Yun, NAR chief economist.
Wealth Management
SEPTEMBER 28, 2023
According to the latest study, roughly one-third of HNW investors don’t work with an advisor. Learn how to leverage the sizeable opportunity to attract more of them to your practice.
Calculated Risk
SEPTEMBER 28, 2023
The DOL reported : In the week ending September 23, the advance figure for seasonally adjusted initial claims was 204,000 , an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 201,000 to 202,000. The 4-week moving average was 211,000, a decrease of 6,250 from the previous week's revised average.
Wealth Management
SEPTEMBER 28, 2023
Schwab cut the fees on SCYB and SCHP, bringing all nine of its fixed-income funds to three basis points or below.
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.
The Irrelevant Investor
SEPTEMBER 28, 2023
Today’s Compound and Friends is brought to you by Wealth.com: See here for more information on estate planning solutions for financial advisors. On today’s show, we discuss: META’s new smart glasses The FTC suit against Amazon FTC sues Amazon for illegally maintaining monopoly power Amazon takes a big stake in the AI start-up Anthropic Tech stocks weigh on major indexes OpenAI seeks new valuatio.
Advisor Perspectives
SEPTEMBER 28, 2023
The National Association of Realtors® (NAR) released the latest monthly data for its pending home sales index. The index plummeted 7.1% in August to 71.8, a larger decline than the expected -0.8% decrease. This is the lowest reading for the index since April 2020 and is the second lowest figure in the historical series. Pending home sales are down 18.7% compared to one year ago.
Calculated Risk
SEPTEMBER 28, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Personal Income and Outlays, August 2023. The consensus is for a 0.5% increase in personal income, and for a 0.4% increase in personal spending. And for the Core PCE price index to increase 0.2%. PCE prices are expected to be up 3.5% YoY, and core PCE prices up 3.9% YoY. • At 9:45 AM, Chicago Purchasing Managers Index for September.
Advisor Perspectives
SEPTEMBER 28, 2023
Real gross domestic product increased at an annual rate of 2.1% in Q2 2023, according to the third estimate. The latest estimate is consistent with growth expectations and is a slightly slower pace than the Q1 2023 GDP final estimate of 2.2% (revised).
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.
Calculated Risk
SEPTEMBER 28, 2023
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from Jiayi Xu: Weekly Housing Trends View — Data Week Ending Sep 23, 2023 • Active inventory declined, with for-sale homes lagging behind year ago levels by 3.7%. During the past week, we observed the 14th successive drop in the number of homes available for sale when compared to the previous year.
Advisor Perspectives
SEPTEMBER 28, 2023
Five out of the 12 Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia. The September average of the five districts is -6.5, down from the previous month.
Calculated Risk
SEPTEMBER 28, 2023
Today, in the Calculated Risk Real Estate Newsletter: Asking Rents Down 1.2% Year-over-year A brief excerpt: Tracking rents is important for understanding the dynamics of the housing market. For example, the sharp increase in rents helped me deduce that there was a surge in household formation in 2021 (See from September 2021: Household Formation Drives Housing Demand ).
Expert insights. Personalized for you.
307 
Let's personalize your content