Abnormal Returns
SEPTEMBER 11, 2024
Podcasts Barry Ritholtz talks with Samuel Miller about the housing market. (ritholtz.com) Christine Benz talks about her new book "How to Retire." (morningstar.com) Peter Lazaroff on what to do with your maturing CD. (peterlazaroff.com) Carl Richards talks with economist Stephanie Kelton talk money and the economy. (podcasts.apple.com) Fraud Financial fraudsters end up harming those who an afford it least.
Nerd's Eye View
SEPTEMBER 11, 2024
Among all the different types of retirement account beneficiaries, those who are the surviving spouse of the original account owner receive the most preferential tax treatment when it comes to distributing the account's assets after the owner's death. While non-spouse beneficiaries face strict timelines – either starting Required Minimum Distributions (RMDs) the year after the original owner's death and stretching them over their remaining life expectancy (if they were considered Eligible
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Abnormal Returns
SEPTEMBER 11, 2024
Strategy Sometimes things really are different this time. (awealthofcommonsense.com) Few investors are able to outperform a passive portfolio. (mrzepczynski.blogspot.com) Companies Alphabet ($GOOGL) has never been this cheap relative to the market. (sherwood.news) Berkshire Hathway's ($BRK.A) stake in Occidental Petroleum ($OXY) has been a drag YTD.
A Wealth of Common Sense
SEPTEMBER 11, 2024
Today’s Animal Spirits is brought to you by Jensen Investment Management: See here for more information on the Jensen Quality Growth ETF The Compound Podcasts: See here On today’s show, we discuss: The State of America’s Wallet Renting vs. Owning a Home as We Get Older Americans Have a New Piggy Bank to Raid — Their Houses Home Insurance is a Really Big Problem Discount Retailer Big Lots Files f.
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
SEPTEMBER 11, 2024
The grantor’s intent is paramount.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
SEPTEMBER 11, 2024
Latest lawsuit accuses Johnny’s widow of trademark infringement.
Advisor Perspectives
SEPTEMBER 11, 2024
Inflation cooled for a fifth straight month in August, dropping to its lowest level since February 2021. According to the Bureau of Labor Statistics, the headline figure for the Consumer Price Index fell to 2.5% year-over-year, right in line with economist expectations. Additionally, core CPI cooled to 3.2% as expected.
Wealth Management
SEPTEMBER 11, 2024
For an upfront purchase price of $50 million, the deal brings $47 billion of assets in the emerging and mid-market retirement plan segments and competitive ESOP administration.
Discipline Funds
SEPTEMBER 11, 2024
The big question of the week is 25 or 50? No, we’re not talking about the age of Leonardo DiCaprio’s next girlfriend (obviously 25). We don’t have time to think about about girlfriends (or boyfriends) because we’re too busy thinking about Federal Reserve policy and whether they’ll go 25bps or 50bps at the next FOMC meeting.
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.
Wealth Management
SEPTEMBER 11, 2024
Join David Armstrong as he chats with industry legend Mark Tibergien, winner of the Lifetime Achievement Award at the Wealth Management Industry Awards.
Advisor Perspectives
SEPTEMBER 11, 2024
Multiple jobholders account for 5.1% of civilian employment. The survey captures data for four subcategories of the multi-job workforce, the relative sizes of which we've illustrated in a pie chart.
Wealth Management
SEPTEMBER 11, 2024
Morningstar’s latest U.S. Active/Passive Barometer compared active and passive fund performance over the year ending in June.
SEI
SEPTEMBER 11, 2024
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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.
Wealth Management
SEPTEMBER 11, 2024
With the election looming, it’s time to reach out to clients and start talking about the implications of sunset.
Calculated Risk
SEPTEMBER 11, 2024
Here are a few measures of inflation: The first graph is the one Fed Chair Powell had mentioned when services less rent of shelter was up around 8% year-over-year. This declined and is now up 4.3% YoY. Click on graph for larger image. This graph shows the YoY price change for Services and Services less rent of shelter through August 2024. Services were up 4.8% YoY as of August 2024, down from 4.9% YoY in July.
Wealth Management
SEPTEMBER 11, 2024
According to the commission, Donald Anthony Wright made false statements when selling promissory notes to clients to fund the purchase of a Texas-based media marketing company.
Darrow Wealth Management
SEPTEMBER 11, 2024
Just inherited an IRA from a parent? Here are the distribution rules. If you’ve just inherited a retirement account like an IRA or 401(k) from a parent, sibling, or relative, you may be unsure about what your options are and what to do next. Most non-spouse beneficiaries inheriting an IRA, 401(k), or retirement account from the original account owner must take the money in 10 years.
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
Wealth Management
SEPTEMBER 11, 2024
The five firms represented by this year's rising stars all saw tangible results as a result of their efforts.
Advisor Perspectives
SEPTEMBER 11, 2024
Here’s a quote attributed to P. J. O’Rourke, an American author, journalist and political satirist: “There is a simple rule here, a rule of legislation, a rule of business, a rule of life: beyond a certain point, complexity is fraud.
Calculated Risk
SEPTEMBER 11, 2024
The BLS reported this morning: The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 2.4 percent over the last 12 months to an index level of 308.640 (1982-84=100). For the month, the index was unchanged prior to seasonal adjustment. CPI-W is the index that is used to calculate the Cost-Of-Living Adjustments (COLA). The calculation dates have changed over time (see Cost-of-Living Adjustments ), but the current calculation uses the average CPI-W for the three mont
Advisor Perspectives
SEPTEMBER 11, 2024
When you pay attention to details in the financial services industry, you elevate your firm’s standing and demonstrate to clients that their relationships are valued. Small, considerate gestures can transform clients’ perception of your service, often bridging the gap between a satisfactory experience and an exceptional one.
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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
SEPTEMBER 11, 2024
The Cleveland Fed released the median CPI and the trimmed-mean CPI. According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.3% in August. The 16% trimmed-mean Consumer Price Index increased 0.2%. "The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics’ (BLS) monthly CPI report".
Advisor Perspectives
SEPTEMBER 11, 2024
This series has been updated to include the August release of the consumer price index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $51,005, down 6.7% from over 50 years ago. After adjusting for inflation, hourly earnings are below their all-time high from April 2020.
Calculated Risk
SEPTEMBER 11, 2024
From the BLS : The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis, the same increase as in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.5 percent before seasonal adjustment. The index for shelter rose 0.5 percent in August and was the main factor in the all items increase.
Aleph
SEPTEMBER 11, 2024
Image Credit: Andy Kobel || Remember, the market is mostly a weighing machine, not a voting machine There are three main gripes that I have with respect to the CFA Institute regarding the way they do exams. The exams cost far more than the marginal cost of providing them. CFAI is a nonprofit that acts like a for-profit enterprise. If you are a non-profit, why are you building up so much cash?
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!
Calculated Risk
SEPTEMBER 11, 2024
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 1.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 6, 2024. This week’s results include an adjustment for the Labor Day Holiday. The Market Composite Index, a measure of mortgage loan application volume, increased 1.4 percent on a seasonally adjusted basis from one week earlier.
Advisor Perspectives
SEPTEMBER 11, 2024
Banks and shadow banks are meant to exist in separate worlds, but the financial links between them are increasingly seen as a source of potential instability. That’s a problem for banks because the business of forging those ties has lately been among the hottest activities on Wall Street.
Calculated Risk
SEPTEMBER 11, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 225 thousand initial claims, down from 227 thousand last week. • At 8:30 AM, The Producer Price Index for August from the BLS. The consensus is for a 0.2% increase in PPI, and a 0.2% increase in core PPI. • At 12:00 PM, Q2 Flow of Funds Accounts of the United States from the Federal Reserve.
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