Allocating Retirement Assets to Philanthropy
Wealth Management
AUGUST 21, 2024
An often-overlooked tactic in estate planning.
Wed.Aug 21, 2024
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Utilizing Swap Powers In Irrevocable Trusts To Add Flexibility And Income Tax Efficiency
Nerd's Eye View
AUGUST 21, 2024
Irrevocable trusts lie at the heart of a variety of estate planning strategies, as gifts to irrevocable trusts can allow for the transfer of assets outside of an owner’s estate for estate tax purposes with more structure than an outright gift. The downside, however, is that irrevocable trusts are "irrevocable" and can't easily be undone; in moving assets to the trust, the original owner gives up their authority over the assets, with the trustee taking over the management and distribution o
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$4B Former Lincoln Teams Join LPL From Osaic
Wealth Management
AUGUST 21, 2024
Academy Financial and PFG Advisors, which were with Lincoln's wealth business before Osaic acquired it, will merge under Academy’s brand.
Personal finance links: improved affordability
Abnormal Returns
AUGUST 21, 2024
Podcasts Barry Ritholtz talks with Daniel Crosby about why we humans are not built for investing. (ritholtz.com) Peter Lazaroff talks with Taylor Schulte about the myths surrounding dividend investing. (peterlazaroff.com) Scott Galloway talks with Ramit Sethi about the skill of spending money. (youtube.com) Carl Richards talks with author Greg McKeown about creating possibilities beyond money.
Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management
Speaker: Claire Grosjean
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Federal Court Upholds $3 Million Penalty for Failing to File FBAR
Wealth Management
AUGUST 21, 2024
Taxpayer didn’t disclose the existence of foreign accounts to his advisor.
ATM: Aswath Damodaran on the LifeCycles of Companies
The Big Picture
AUGUST 21, 2024
At The Money: At the Money: Learning Lifecycles of Companies. (August 21, 2024) The Magnificent Seven, the Nifty Fifty, FAANG: Each of these were popular groups of companies investors erroneously believed they could “Set & Forget,” put them away forever, and you’re set for life. But as history informs us, the list of once-great companies that dominated their eras and then declined is long.
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Transform Risk Into Opportunity
Advisor Perspectives
AUGUST 21, 2024
Many financial advisors exhibit a risk-averse attitude, leading to missed opportunities for growth and innovation.
Morningstar: One-Fourth of Index Funds Have Changed Their Target Index At Least Once
Wealth Management
AUGUST 21, 2024
Advisors need to make sure such changes don’t significantly alter their investment’s risk/reward profile.
Animal Spirits: Inflation or Price Gouging?
A Wealth of Common Sense
AUGUST 21, 2024
Today’s Animal Spirits is brought to you by Eaton Vance: See here for more information on Eaton Vance’s suite of ETFs On today’s show, we discuss: Tropical Bros Animal Spirits collection Seinfeld: “Breaking up is like knocking over a Coke machine” Household Debt to Income The Dramatic Turnaround in Millennials’ Finances Florida hit by ‘worst real estate crisis in decades’.
Avantax Head Todd Mackay Named President of Cetera Solutions
Wealth Management
AUGUST 21, 2024
Andy Watts will take over Mackay’s duties as tax channel leader, overseeing more than 4,000 advisors within Avantax and Cetera Financial Specialists.
What Your Financial Statements Are Telling You—And How to Listen!
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Feedback Matters – and So Does the Delivery!
Advisor Perspectives
AUGUST 21, 2024
When feedback is done well, it can be the greatest gift you give to someone.
IRS Approves Early Termination of Charitable Lead Annuity Trust
Wealth Management
AUGUST 21, 2024
No penalties or additional tax imposed.
Three Stars South Candlestick Pattern – Definition And More
Trade Brains
AUGUST 21, 2024
Three Stars South Candlestick Pattern: In the broad universe of stock market research, where each candle and chart tells a unique story, traders look for minute clues that point to probable swings in market sentiment. Among the numerous candlestick patterns, one stands out for indicating a bearish reversal: the Three Stars South candlestick pattern.
FTC Ban on Worker Noncompete Deals Blocked by Federal Judge
Wealth Management
AUGUST 21, 2024
The judge said the FTC lacked the authority to enact the ban, which she said was “unreasonably overbroad without a reasonable explanation.
Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments
Speaker: Erroll Amacker
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
What Should Be Considered When Setting A Budget?
Clever Girl Finance
AUGUST 21, 2024
Setting a budget might sound about as fun as doing your taxes, but trust me, it doesn’t have to be a drag! Think of it as planning your future, making sure you have enough for those big dreams, and yes, even being able to order your favorite dinner in on Friday night. Whether you’re just starting out or need a little refresher, let’s break down the key factors you should consider when setting a budget!
Five Fundamentally Sound Dividend Aristocrats
Validea
AUGUST 21, 2024
Dividend Aristocrats are a select group of S&P 500 companies that have increased their dividend payouts for at least 25 consecutive years. This exclusive club represents some of the most financially stable and well-managed corporations in the United States. As of 2024, there are 67 companies that have earned this prestigious title. Why Dividend Aristocrats Matter to Investors Dividend Aristocrats are significant for several reasons: Consistent Income: These companies provide a reliable strea
The Best of the Aleph Blog, Part 43
Aleph
AUGUST 21, 2024
Picture Credit: sevoo || I’m not dead yet… In my view, these were my best posts written between August 2017 and January 2018: The Crisis at the Tipping Point A reprise of what some people knew in advance of the Great Financial Crisis. Includes a link to what I wrote 10 years earlier , where I got a lot right, and a lot wrong. Where Money Goes to Die Wrong at least in the medium-run: Bitcoin.
The Three Things Your Website Needs to Convert Referrals
Advisor Perspectives
AUGUST 21, 2024
Having the best referral in the world doesn’t convert a prospect. It’s your website that seals the deal, not only for referrals but for organic prospects as well.
Book of Secrets on the Month-End Close
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Cresset’s Susie Cranston on Aligning Passion, Technology, and Leadership to Scale a Multibillion-Dollar Firm
Steve Sanduski
AUGUST 21, 2024
Guests: Susie Cranston , President and Chief Operating Officer of Cresset , a family office RIA firm with more than $50 billion in assets under management. Susie oversees Cresset’s Wealth Advisors, Client Service, Operations and Compliance. In a Nutshell: In Life-Centered Planning , advisors encourage their clients to think about what their money is for.
Asset Managers Must Invest in Private Markets Now, Bain Says
Advisor Perspectives
AUGUST 21, 2024
A wide variety of asset managers need to look at investing in private markets if they want to avoid wipe-out, while revamping their entire strategies to ride the wave, according to Bain & Co.
5 Steps to an Effective Lead Magnet for Financial Advisors
Indigo Marketing Agency
AUGUST 21, 2024
5 Steps to an Effective Lead Magnet for Financial Advisors As a financial advisor, you already know that one of your key goals is to attract and retain clients. The question is HOW? One highly effective tool that can help you rake in more A+ clients is a lead magnet. A lead magnet is a valuable piece of content or resource offered to potential clients in exchange for their contact information.
How to Automate Your Finances: A Stress-Free Guide!
Clever Girl Finance
AUGUST 21, 2024
Automating your finances is like setting your financial life on cruise control. It’s a simple, effective way to ensure you stick to your budget and meet your financial goals without the stress of constant monitoring. Whether you’ve been notorious for paying bills late or just want to streamline your savings strategy, automating your finances can be a game-changer.
Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success
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Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
Navigating the Future: Advocacy, Elections, and the Financial Services Industry
NAIFA Advisor Today
AUGUST 21, 2024
In a recent episode of the BetterWealth podcast , I had the opportunity to discuss the critical role NAIFA plays in the financial services industry, particularly in today’s politically charged environment. I highlighted how the upcoming elections could significantly impact the federal tax code, with key provisions related to life insurance and annuities set to expire in 2025 if no action is taken.
Exploring Economic Indicators: July 2024 Inflation
Advisor Perspectives
AUGUST 21, 2024
Economic indicators provide insight into the overall health and performance of an economy. They are essential tools for policymakers, advisors, investors, and businesses because they allow them to make informed decisions regarding business strategies and financial markets. In the week ending on August 15th, the SPDR S&P 500 ETF Trust (SPY) rose 0.14% while the Invesco S&P 500® Equal Weight ETF (RSP) was up 2.45%.
Validea’s Top 10 Russell 2000 Stocks – August 2024
Validea
AUGUST 21, 2024
Small-cap stocks have struggled relative to their large-cap counterparts for a long time now. But their fundamentals haven’t lagged their large counterparts in the way their price has. This has made finding fundamentally sound stocks trading at reasonable valuations much easier in the small-cap space than in the S&P 500. Validea’s guru system uses 22 quantitative strategies based on historically successful investors like Warren Buffett and Peter Lynch and academic research to unc
Margin Debt Up 0.2% in July; Highest Since February 2022
Advisor Perspectives
AUGUST 21, 2024
FINRA has released new data for margin debt, now available through July. The latest debt level is at $810.84 billion, its highest level since February 2022. Margin debt is up 0.2% month-over-month (MoM) and up 14.2% year-over-year (YoY). However, after adjusting for inflation, debt level is up 0.1% MoM and 11.0% YoY.
Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100
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Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
A time for ruthless change in Internal Audit
Norman Marks
AUGUST 21, 2024
Before I start, if you haven’t already done so, please answer a two-question poll on how your internal audit budget is built.
Cryptocurrencies: Bitcoin Inches Down to $59K
Advisor Perspectives
AUGUST 21, 2024
Bitcoin's price inched down to $59,000 this past week. BTC is currently up ~34% year to date. Here's the latest charts on three of the largest cryptocurrencies by market share through 8/20/24.
Does My Home Insurance Cover My Child at University?
YouSet Insurance
AUGUST 21, 2024
Your home insurance may cover your child while they’re away at university or college, however, it will depend on your policy.
Nvidia Eyes Return to Record as AI Spending Bonanza Continues
Advisor Perspectives
AUGUST 21, 2024
With questions swirling around Federal Reserve policy, the state of the economy and the US presidential race, at least one thing seems clear on Wall Street: spending on artificial intelligence remains a central priority.
Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape
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.
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