Abnormal Returns
OCTOBER 31, 2023
Factors Why corporate bond factor research is more challenging. (papers.ssrn.com) Why do stocks with high idiosyncratic volatility underperform? (alphaarchitect.com) Momentum Fund investors are momentum chasers. (klementoninvesting.substack.com) Momentum in the sports betting markets. (papers.ssrn.com) Research Do stocks really become less risky over the long run?
Nerd's Eye View
OCTOBER 31, 2023
Welcome back to the 357th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jon Henderson. Jon is the Founder and CIO for Echo45 Advisors, an independent RIA based in Walnut Creek, California, that oversees $163 million in assets under management for more than 180 client households. What's unique about Jon, though, is how he has carefully vetted and curated his advisor tech stack of third-party software to provide a strong "high-tech" client experience… and
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Abnormal Returns
OCTOBER 31, 2023
Strategy Money market returns look good.almost too good. (wsj.com) Six lessons from William Bernstein's "The Four Pillars of Investing." (humbledollar.com) Why it's easy to say you will buy when stocks 'go on sale.' (behaviouralinvestment.com) Crypto Vanguard is opting out of the Bitcoin ETF race. (markets.businessinsider.com) Investors who bought the Grayscale Bitcoin Investment Trust ($GBTC) at a big discount are looking good.
The Big Picture
OCTOBER 31, 2023
The transcript from this week’s, MiB: Michael Carmen, Co-Head, Private Investments, Wellington Management , 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. ~~~ This is Masters in Business with Barry Ritholtz on Bloomberg Radio.
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.
The Reformed Broker
OCTOBER 31, 2023
Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►4th Quarter Rally? – Positive economic surprises say we are due for a Q4 meltup. ►Great News – American wealth hitting new highs. ►Effective Interest Rates – “This increased cost of capital is.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
OCTOBER 31, 2023
The Labor Department unveiled its latest version of a fiduciary rule on Tuesday, with supporters arguing the proposal largely fell in line with their hopes. Industry groups warn of its negative impact on advisors and clients.
Calculated Risk
OCTOBER 31, 2023
The Census Bureau released the Residential Vacancies and Homeownership report for Q3 2023 today. The results of this survey were significantly distorted by the pandemic in 2020. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates. However, there are serious questions about the accuracy of this survey.
Wealth Management
OCTOBER 31, 2023
While it was a surprise only to those individuals affected, Charles Schwab, the largest custodian by AUM, has cut more employees after concluding TD merger.
The Irrelevant Investor
OCTOBER 31, 2023
Warren Buffett once said, “Be greedy when others are fearful. Except when earnings are being revised lower, breadth is bad, and you’re in a higher for longer environment.” (I stole this from Ben) It’s easy to quote Buffett, it’s hard to act like him. And by acting like him, I don’t mean his style of investing, I’m talking about this basic premise that investing should be viewed as.
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.
Wealth Management
OCTOBER 31, 2023
The modern workplace requires financial firms to move with the times.
Calculated Risk
OCTOBER 31, 2023
Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 2.6% year-over-year in August; New all-time High Excerpt: S&P/Case-Shiller released the monthly Home Price Indices for August ("August" is a 3-month average of June, July and August closing prices). August closing prices include some contracts signed in April, so there is a significant lag to this data.
Wealth Management
OCTOBER 31, 2023
Revisor's Landon Jones and Ethan Dunbar answer hot topic questions regarding separately managed accounts.
The Irrelevant Investor
OCTOBER 31, 2023
Today’s Animal Spirits is brought to you by Kaplan Schweser: See here to save 10% on Kaplan Schweser CFA exam prep materials On today’s show, we discuss: Gross Domestic Product, third quarter 2023 estimate The U.S. Economy is booming (for now). What does it mean? The American boom GDPNow – Federal Reserve of Atlanta Auto loan delinquencies: What do they really mean?
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
Wealth Management
OCTOBER 31, 2023
Owners facing challenges today have several restructuring options, but it's critical to get guidance.
A Wealth of Common Sense
OCTOBER 31, 2023
The Misery Index was created by Arthur Oken, an economist who worked for the Johnson administration in the 1960s. It’s supposed to measure how citizens are doing economically by adding up the unemployment rate and the inflation rate. Here’s the data going back to the late-1940s: It may come as a surprise to some people that we’re actually below average right now.
Wealth Management
OCTOBER 31, 2023
The deal adds over 350 retirement plans and about $13 billion in assets to Creative Planning’s existing retirement plan services team.
Advisor Perspectives
OCTOBER 31, 2023
Valid until the market close on November 30, 2023 The S&P 500 closed October with a monthly loss of 2.20%, after a loss of 4.93% in September. At this point, after close on the last day of the month, four of five Ivy portfolio ETFs — Vanguard Total Stock Market ETF (VTI), Vanguard FTSE All-World ex-US Index Fund (VEU), iShares 7-10 Year Treasury Bond ETF (IEF) and Vanguard Real Estate ETF (VNQ)— are signaling "cash", up from last month's triple "cash" signal.
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.
Wealth Management
OCTOBER 31, 2023
Real estate fundraising fell by 71% between the second and third quarters of 2023, according to numbers provided by research firm Preqin. Yahoo Finance looks at how much of a problem non-performing real estate loans are causing for regional banks. These are among today’s must reads from around the commercial real estate industry.
Advisor Perspectives
OCTOBER 31, 2023
A Federal Reserve pause, seasonal tailwinds, an earnings-led rally. Many of the reasons that got Wall Street strategists increasingly bullish coming into the end of the year now look like wishful thinking.
Wealth Management
OCTOBER 31, 2023
Taking a strategic approach to insurance is one possible answer to the call for organic growth.
Million Dollar Round Table (MDRT)
OCTOBER 31, 2023
By Márta Borbála Király If you would like to find all the new clients you need to grow your business, build a referral system with repeatable processes. There are several ways to find new clients for which you can create a system, or process. One part of my process involves working with existing clients for referrals. The way I do this is to ask a favorite client to meet me for coffee or lunch.
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.
Advisor Perspectives
OCTOBER 31, 2023
The Federal Housing Finance Agency (FHFA) house price index (HPI) continued to increase in August, coming in at 411.8. U.S. house prices increased by 0.6% from the previous month and by 5.6% from one year ago. After adjusting for inflation, the real index is down 0.2% month-over-month and up 3.6% year-over-year.
AdvicePay
OCTOBER 31, 2023
As Halloween night approaches with its haunted houses, creepy costumes, and ghoulish tales, you might be tempted to join in on the spirit of giving away financial planning for free. If you are still relying solely on the sale of products and working with clients through AUM (Assets Under Management), then you know that for most of its history, "getting paid" for financial planning has really been about giving away financial planning at little or no cost.
Fortune Financial
OCTOBER 31, 2023
The yield on the ten year Treasury note briefly passed 5% recently, the highest yield on the ten year note since before the financial crisis of 2007 – 2009. This surge in yields has led some commentators to argue that bonds now appear attractive relative to stocks , given that a 5% yield on government backed bonds compares favorably to the S&P 500, which now has an earnings yield (the inverse of the P/E ratio) of ~5.5% if you use a forward earnings yield, or ~5% if you use a trailing
Calculated Risk
OCTOBER 31, 2023
From the Las Vegas Visitor Authority: August 2023 Las Vegas Visitor Statistics Las Vegas hosted more than 3.3M visitors in September, slightly behind (‐0.5%) last September while est. convention attendance for the month was up 9.5%, supported in part by the PACK Expo tradeshow (32k attendees) that rotated back into the destination since its last Vegas show in 2021.
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
OCTOBER 31, 2023
The Conference Board's Consumer Confidence Index® declined for a third straight month in October despite consumers' continued spending. The index dropped to 102.6 from September's upwardly revised reading of 104.3. This month's reading was better than expected, exceeding the 100.0 forecast.
Calculated Risk
OCTOBER 31, 2023
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 8:15 AM, The ADP Employment Report for October. This report is for private payrolls only (no government). The consensus is for 135,000 jobs added, up from 89,000 in September. • At 10:00 AM, Job Openings and Labor Turnover Survey for August from the BLS. • At 10:00 AM, ISM
Advisor Perspectives
OCTOBER 31, 2023
Over the last decade, the general trend has been consistent: The rate of homeownership has struggled. The Census Bureau released its latest quarterly report for Q3 2023 showing the latest homeownership rate is at 66.0%, up 0.1% from Q2 2023.
Expert insights. Personalized for you.
290 
Let's personalize your content