Abnormal Returns
JUNE 3, 2024
Podcasts Dan Haylett talks with Jamie Hopkins about rewiring the way we think about retirement and its underlying assumptions. (humansvsretirement.com) Bogumil Baranowski talks with Brian Portnoy of Shaping Wealth about the search for funded contentment. (open.spotify.com) Charles Schwab Charles Schwab ($SCHW) will rely on iCapital to power its push into alternatives.
Nerd's Eye View
JUNE 3, 2024
Welcome to the June 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that 'startup' custodian Altruist has completed a $169 million fundraising round as it continues to rebuild the RIA custodial tech stack layer-by-layer while positioning itself as the biggest RIA custodian b
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Abnormal Returns
JUNE 3, 2024
Markets A review of major asset class performance in May 2024. (capitalspectator.com) Not surprisingly, Nvidia ($NVDA) has been the biggest index contributor YTD. (morningstar.com) Books An excerpt from Nathaniel Popper’s forthcoming "The Trolls of Wall Street: How Outcasts and Insurgents are Hacking the Markets." (bloomberg.com) Ed Slott talks about his book "The Retirement Savings Bomb Ticks Louder.
Wealth Management
JUNE 3, 2024
The former Fidelity and Bluespring exec will serve on the board of directors at Parallel Advisors, a San Francisco-based RIA backed by private equity firm Golden Gate Capital.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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.
Advisor Perspectives
JUNE 3, 2024
The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) fell to 48.7 in May from 49.2 in April. The latest figures keeps the index in contraction territory for a second straight month. The index has now contracted for 18 of the past 19 months. The May reading was below the forecast of 49.8.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
XY Planning Network
JUNE 3, 2024
Limiting beliefs and failure mindsets often act as invisible barriers, hindering both our professional success and personal fulfillment. A limited belief most will experience is imposter syndrome, the persistent inability to believe that one's success is deserved or has been achieved as a result of one's own efforts or skills. In my experience, working with clients and XYPN members, as well as navigating my own journey, I've witnessed how these beliefs can silently sabotage progress.
Wealth Management
JUNE 3, 2024
The move from the trio of advisors in Ocala, Fla. comes several months after a $450 million team made a similar jump from the wirehouse to Raymond James.
Random Roger's Retirement Planning
JUNE 3, 2024
Yahoo had an interview with Ed Slott who is a preeminent expert on Roth conversions, or at least a very well know proponent of them. This has been his thing for a long time. Part of the equation is that he is convinced that tax rates have to go up to pay for out debt and so converting to a Roth now before tax rates do go up will result in people ending up with more after tax dollars versus just going the RMD route at what is now 73 on its way to 75.
Wealth Management
JUNE 3, 2024
The moves mark the latest examples of consolidation at the RIA aggregator; earlier this year, the firm merged The Colony Group with Buckingham Strategic Wealth.
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.
Your Richest Life
JUNE 3, 2024
For many of us, the financial goals we set in January are a distant memory by June. That New Year enthusiasm can become dulled by the stress and reality of everyday life. But you don’t need to wait until next New Year’s to get excited about your goals again. Summer is the perfect time to get reacquainted with your goals, and see if you need to make any changes to get back on track.
Wealth Management
JUNE 3, 2024
Avior Wealth Management represents Constellation’s seventh deal since its inception, bringing its assets under management to about $110 billion.
Calculated Risk
JUNE 3, 2024
Altos reports that active single-family inventory was up 1.7% week-over-week. Inventory is now up 22.4% from the February bottom, and at the highest level since August 2020. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of May 31st, inventory was at 605 thousand (7-day average), compared to 595 thousand the prior week.
Wealth Management
JUNE 3, 2024
The trio of advisors is based out of Ocala, Fla. It comes several months after a $450 million Fla.-based team made a similar move from the wirehouse to Raymond James.
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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.
Calculated Risk
JUNE 3, 2024
From the Census Bureau reported that overall construction spending decreased: Construction spending during April 2024 was estimated at a seasonally adjusted annual rate of $2,099.0 billion, 0.1 percent below the revised March estimate of $2,101.5 billion. The April figure is 10.0 percent (±1.5 percent) above the April 2023 estimate of $1,907.8 billion. emphasis added Private and public spending decreased: Spending on private construction was at a seasonally adjusted annual rate of $1,611.9 billi
Wealth Management
JUNE 3, 2024
Mercer built the Aspen Partners platform for qualified purchasers in conjunction with Opto Investments.
Calculated Risk
JUNE 3, 2024
Wards Auto released their estimate of light vehicle sales for May: May U.S. Light-Vehicle Sales Continue 2024 Trend of Slow, Steady Growth (pay site). Further confirming as a theme for 2024, growth in May largely was centered in the most affordable CUV and car segments. Other sectors during the first five months of 2024 have either recorded sporadic gains or fell into steady decline, including some, such as fullsize pickups, that are coming off lengthy periods of strong results.
A Wealth of Common Sense
JUNE 3, 2024
Today’s show is brought to you by Teucrium We had Sal Gilbertie, CEO of Teucrium on the show to get an update on the global commodity market. On today’s show, we discuss: Utilizing the cost of production with commodities How inflation affects commodity prices What is involved within the cost of production equation How oil is affecting commodity prices, and an update on oil moving forward How monetary policy.
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
Advisor Perspectives
JUNE 3, 2024
Few investments pay off as well as time spent pursuing financial history – to paraphrase George Santayana only slightly: study the past in order to prevent it from picking your pockets.
Calculated Risk
JUNE 3, 2024
From Matthew Graham at Mortgage News Daily: Mortgage Rates Fully Erase Last Week's Spike Sharp improvements in the bond market led to another nice drop in mortgage rates. The average lender is now back to the lowest levels in nearly 2 weeks, but not yet back to the recent lows seen on May 15th. [ 30 year fixed 7.11% ] emphasis added Tuesday: • At 10:00 AM ET, Job Openings and Labor Turnover Survey for April from the BLS.
Advisor Perspectives
JUNE 3, 2024
In this article, I provide a basic framework for understanding and developing a lifelong plan for a person with disabilities. I’ll introduce matters as they relate to establishing a well thought out and comprehensive plan that ties together life, public benefit, and resource planning as well as financial and legal planning.
Calculated Risk
JUNE 3, 2024
Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in April; Up 6.5% Year-over-year A brief excerpt: On a year-over-year basis, the National FMHPI was up 6.5% in April, down from up 6.6% YoY in March. The YoY increase peaked at 19.1% in July 2021, and for this cycle, bottomed at up 0.9% YoY in April 2023. As of April, 9 states and D.C. were below their previous peaks, Seasonally Adjusted.
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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.
Wealth Management
JUNE 3, 2024
Suggestions on how RPAs and RIAs can navigate it via the words of Tao.
Advisor Perspectives
JUNE 3, 2024
Here is the latest update of a popular market valuation method, Price-to-Earnings (P/E) ratio, using the most recent Standard & Poor's "as reported" earnings and earnings estimates, and the index monthly average of daily closes for the past month. The latest trailing twelve months (TTM) P/E ratio is 26.9 and the latest P/E10 ratio is 33.7.
Wealth Management
JUNE 3, 2024
JPMorgan CEO Jamie Dimon recently said he expects problems to emerge in private credit, and warned that “there could be hell to pay.
Advisor Perspectives
JUNE 3, 2024
Quick take : At the end of May, t he inflation-adjusted S&P 500 index price was 154% above its long-term trend, up from April. About the only certainty in the stock market is that, over the long haul, over-performance turns into underperformance and vice versa. Is there a pattern to this movement? Let's apply some simple regression analysis to the question.
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!
Financial Symmetry
JUNE 3, 2024
So today we’re diving in to a specific path that many retirees consider as they move away from the “corporate” world and enter their second act – which is starting a business. With increased life expectancy, cost of living increases … Continued The post What Starting an S-Corp Could Look Like for You, Ep #217 appeared first on Financial Symmetry, Inc.
Advisor Perspectives
JUNE 3, 2024
Based on the May S&P 500 average of daily closes, the Crestmont P/E of 37.4 is 149% above its arithmetic mean, 171% above its geometric mean, and is at the 99th percentile of this 14-plus-decade series.
Wealth Management
JUNE 3, 2024
A novelist does real-world research for his debut, Ways and Means.
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