Wealth Management

SEPTEMBER 11, 2024

The grantor’s intent is paramount.

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Calculated Risk

SEPTEMBER 11, 2024

Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year 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 ).

Sales 297

Sales Marketing Marketing 297

Wealth Management

SEPTEMBER 11, 2024

Latest lawsuit accuses Johnny’s widow of trademark infringement.

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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.

Retirement 275

Retirement Economy Investments Investing 275

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.

Numbers

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.

Retirement Planning 290

Retirement Planning Retirement Planning Assets 290

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

Accounting 246

Accounting Retirement Distribution Taxes 246

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.

Food 221

Food 221

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.

Wealth Management 290

Wealth Management Management 290

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

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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.

Clients 278

Clients Insurance Planning 278

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

Accounting

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".

Food 195

Food Banking 195

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.

Commission 277

Commission Media Clients Marketing 277

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.

Food 195

Food Medical Communication Education 195

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.

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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.

Accounting

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.

Marketing 195

Marketing Marketing 195

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.

Financial Advising 162

Financial Advising Retail Media Retirement 162

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.

Accounting 182

Accounting 182

The Big Picture

SEPTEMBER 11, 2024

 At The Money: Karen Veraa, Head of iShares US Fixed Income Strategy, BlackRock (September 11, 2024) Full transcript below. ~~~ About this week’s guest: Karen Veraa is a Fixed Income Product Strategist within BlackRock’s Global Fixed Income Group focusing on iShares fixed-income ETFs. She supports iShares clients, generates content on fixed-income markets and ETFs, develops new fixed-income iShares ETF strategies, and partners with the iShares team on product delivery.

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Management Portfolio Marketing Marketing 148

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Sales

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.

Retail 116

Retail Insurance Banking Management 116

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.

Economy 112

Economy Economics Marketing Marketing 112

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.

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SEI

SEPTEMBER 11, 2024

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Advertising 96

Advertising 96

Advertisement

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Accounting

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.

Accounting 98

Accounting 98

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.

Accounting 94

Accounting Retirement Distribution Taxes 94

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.

Portfolio 81

Portfolio 81

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?

Nonprofit 59

Nonprofit Economics Marketing Marketing 59

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.

Assets

Advisor Perspectives

SEPTEMBER 11, 2024

Let's take a close look at August's employment report numbers on Full and Part-Time Employment. The latest data shows that 82.5% of total employed workers are full-time (35+ hours) and 17.

Numbers 78

Numbers 78

Trade Brains

SEPTEMBER 11, 2024

Financial metrics are crucial for every company, providing insights into its financial health and performance. Ratios are valuable tools that help assess various aspects of a company’s operations. Among these ratios, the compound annual growth rate (CAGR) stands out as one of the most important. CAGR calculates an investment’s average annual growth rate over a given time frame.

Manufacturing 52

Manufacturing Clients Planning Marketing 52

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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Clients Financial Services 72

Random Roger's Retirement Planning

SEPTEMBER 11, 2024

Bespoke Investment Group Tweeted out the following. In the same period, the S&P 500 is up just under 11% so 15% looks pretty good. One big reason I avoid this part of the bond market is that it has equity like beta and I think the 15% gain supports that belief. The other reason is the vacillating correlation to equities. For the last couple of years I've been referring to all of this as unreliable volatility.

Portfolio 52

Portfolio Investments Investing Taxes 52

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Accounting