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.
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.
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
Trade Brains
JUNE 3, 2024
Elecon Engineering: Behind the gleaming skyscrapers and the relentless hum of factories lies a network of silent collaborators, crucial for a nation’s industrial might. These are the Industrial gearboxes and Material Handling Equipment (MHE), the unsung heroes that keep the wheels of industry turning. Industrial gearboxes are the invisible conductors of power.
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.
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.
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
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.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.
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
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.
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.
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.
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Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!
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.
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.
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.
Wealth Management
JUNE 3, 2024
Mercer built the Aspen Partners platform for qualified purchasers in conjunction with Opto Investments.
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
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.
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.
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.
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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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
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.
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
Suggestions on how RPAs and RIAs can navigate it via the words of Tao.
Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor
During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.
Advisor Perspectives
JUNE 3, 2024
The Q Ratio is the total price of the market divided by the replacement cost of all its companies. The latest Q-ratio is at 1.63, up from 1.57 in April.
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
Data is important but not everything. Perceptions matter, too. Today we’ll look at how people feel inflation and what it may mean in the years to come.
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