Wed.Jan 29, 2025

article thumbnail

How RIAs Can Craft An Effective Operating Agreement That Aligns Owners’ Interests And Mitigates Risks

Nerd's Eye View

As a foundational document, the operating agreement is essential for RIA firms. When thoughtfully drafted, it aligns the interests of the firm's owners, sets clear expectations for operations, and establishes how profits will be distributed. While some RIA owners might be tempted to prioritize moving quickly to the more enjoyable work of providing financial advice, neglecting to thoughtfully draft and update an operating agreement can lead to mismatched expectations, legal risks, and costly disp

article thumbnail

Personal finance links: household economics

Abnormal Returns

Podcasts Christine Benz and Dan Lefkovitz talk with John Rekenthaler about his long career writing about investing. (morningstar.com) Peter Lazaroff on how much money you need to retire. (peterlazaroff.com) Family Every decision we make has trade-offs: the case for staying home to care for small children. (readthejointaccount.com) When are you children mature enough to discuss estate issues?

Economics 173
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How RIAs Can Craft An Effective Operating Agreement That Aligns Owners’ Interests And Mitigate Risks

Nerd's Eye View

As a foundational document, the operating agreement is essential for RIA firms. When thoughtfully drafted, it aligns the interests of the firm's owners, sets clear expectations for operations, and establishes how profits will be distributed. While some RIA owners might be tempted to prioritize moving quickly to the more enjoyable work of providing financial advice, neglecting to thoughtfully draft and update an operating agreement can lead to mismatched expectations, legal risks, and costly disp

article thumbnail

Inflation Adjusted House Prices 1.1% Below 2022 Peak; Price-to-rent index is 7.8% below 2022 peak

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 1.1% Below 2022 Peak Excerpt: It has been over 18 years since the housing bubble peak. In the November Case-Shiller house price index released yesterday, the seasonally adjusted National Index (SA), was reported as being 77% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 12% above the bubble peak (and historically there has been an upward slope to real house prices).

Numbers 104
article thumbnail

Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success

Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?

article thumbnail

The Value of Client Communication

Wealth Management

Clearly explaining the technical aspects of the planners proposals aids in the successful implementation of estate plans.

article thumbnail

The Daily Show: Wage Against the Machine

The Big Picture

LOL Me in a suit and tie! About a decade ago, one of my Bloomberg columns helped kick off a debate about minimum wages and large, for-profit companies using the taxpayer to subsidize their payrolls. This led to much debate, including some embarrassing revelations for Wal-Mart and especially McDonald’s. Ultimately, it led to an appearance on The Daily Show, where I got to spend the better part of the day shooting a remote segment with the delightful Samantha Bee.

Media 112

More Trending

article thumbnail

NAIFA Partners With American Senior Benefits, a Leading Distributor of Senior Market Insurance Products, to Bolster ASB’s Leadership Team

NAIFA Advisor Today

NAIFA and the Dallas-based American Senior Benefits (ASB) have entered a partnership under which NAIFA recognizes ASB as a NAIFA Financial Security Champion and at least 75 ASB regional sales managers will become new NAIFA members.

article thumbnail

$1B California Team Jumps From Osaic to LPL

Wealth Management

Salient Wealth Planning Group is the latest advisory team to leave Osaic for LPL after the integration of its broker/dealer entities.

article thumbnail

Member Spotlight: Jesus Lopez Soto - Empowering Families, Building Futures

NAIFA Advisor Today

Jesus U. Lopez Sotos journey into the financial services industry began with a simple goal: to find a work-from-home opportunity for his pregnant wife. Initially, he saw it as a way for her to earn extra income. However, after being introduced to the industry by a coworker and friend, Jesus realized that this was not just a job for his wifeit was an opportunity for him to build a meaningful career as well.

article thumbnail

Leadership Perspectives: Managing a Successful Firm

Advisor Perspectives

There is a lot that goes into getting someone to trust you with their entire life savings. You must honor that trust and know it has value.

article thumbnail

Fall In Love With the Month-End Close

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.

article thumbnail

CIOs Wrestle with DeepSeek Fallout

Wealth Management

The potential disruption of the AI market is shaking up some investment theses. But many are waiting for the dust to settle before making any allocation tweaks.

article thumbnail

The Fed’s Latest Rate Decision: January 29, 2025

Advisor Perspectives

The Federal Reserve concluded its first meeting of 2025 by keeping the federal funds rate (FFR) at 4.25-4.50%, marking the first time in four meetings that the Fed has not cut interest rates.

64
article thumbnail

Sequoia Pens Deal to Acquire $3.8B Minneapolis-St. Paul RIA

Wealth Management

The deal with Carlson Capital Management is Sequoias largest by number of employees and wealth advisors. It also allows the firm to offer internal tax planning and preparation services.

article thumbnail

FOMC Statement: No Change to Fed Funds Rate

Calculated Risk

Fed Chair Powell press conference video here or on YouTube here , starting at 2:30 PM ET. FOMC Statement: Recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. Inflation remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run.

article thumbnail

Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

article thumbnail

The Ultimate Guide to Tax-Loss Harvesting

Harness Wealth

Tax-loss harvesting is a powerful strategy that investors can use to reduce their taxable income. This type of strategy typically involves selling underperforming investments at a loss to offset capital gains (or ordinary income) to optimize portfolio returns. As effective as tax-loss harvesting can be, there are a number of important details that investors need to be aware of in order to implement the strategy successfully while following regulations.

Taxes 52
article thumbnail

MBA: Mortgage Applications Decreased in Weekly Survey

Calculated Risk

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Associations (MBA) Weekly Mortgage Applications Survey for the week ending January 24, 2025. This weeks results include an adjustment for the Martin Luther King holiday.

Sales 57
article thumbnail

How to Maximize Tax Deductions for the 2025 Filing Season

Harness Wealth

April 15 marks the IRS tax return filing deadline for 2025. Although this is the traditional tax filing deadline, given the spate of recent natural disasters (such as the California wildfires and Hurricane Milton), the IRS is granting certain filing and payment extensions beyond this date. A full list of tax provisions for states affected by natural disasters can be found here.

Taxes 52
article thumbnail

Treasuries Slip as Traders Scrutinize Powell’s Inflation Remarks

Advisor Perspectives

US Treasuries were lower as traders parsed tweaks to the Federal Reserve’s policy statement regarding progress on the fight against inflation.

52
article thumbnail

The Future Of Finance: How To Manage Spend The Right Way

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

article thumbnail

These Times Are A Changin

Leading Advisor

Financial advisors and their clients are going to experience the effects of change one thousandfold. No matter what side of the aisle or the border… The post These Times Are A Changin appeared first on Leading Advisor - Simon Reilly.

article thumbnail

Powell Says Fed Doesn’t Need to Be in a Hurry to Lower Rates

Advisor Perspectives

Federal Reserve Chair Jerome Powell said officials are not in a hurry to lower interest rates, adding the central bank is pausing to see further progress on inflation following a string of rate reductions last year.

Banking 52
article thumbnail

Thursday: GDP, Unemployment Claims, Pending Home Sales

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: At 8:30 AM ET, Gross Domestic Product, 4th quarter and Year 2024 (Advance estimate). The consensus is that real GDP increased 2.6% annualized in Q4. Also at 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for a increase to 228 thousand from 223 thousand last week.

Sales 57
article thumbnail

Balancing Yield & Total Return

Advisor Perspectives

In this article, we will demonstrate how the use of daily options within a covered call strategy has the potential to generate substantial income while also targeting the total return of equities.

52
article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

article thumbnail

The excessive cost of most internal audits

Norman Marks

Richard Chambers and I go back many decades, first as colleagues and then as friends, and we have great mutual respect. While we often appear to disagree, that is more often than not in our choice of words rather than in underlying principles.

article thumbnail

How to Say No to Unmanageable Workloads

Advisor Perspectives

There are times in life when factors conspire to make it very difficult to be as productive as we need to – and want to – be. But even in the midst of these times it’s important to feel like you have some control and do the things that will keep you on track. Control the controllable.

52
article thumbnail

Animal Spirits: Your Budget Sucks

A Wealth of Common Sense

Today’s Animal Spirits is brought to you by KraneShares: See here to learn more about $KWEB and KraneShare’s full suite of China exposures Come see us in Naples this February! See here for more information on FutureProof Citywide and here if you are interested in the emerging manager showcase Get a random Animal Spirits chart here On today’s show, we discuss: Why Oaktree’s Howard Marks Is on the.

article thumbnail

If Wall Street Wants to Buy More Houses, Let It

Advisor Perspectives

New York Governor Kathy Hochul has proposed restrictions on large financial firms buying homes, and state legislators in Virginia and Nebraska have similar ideas.

52
article thumbnail

Crafting Impact: Revenue Growth And Efficiency For Finance Professionals

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.

article thumbnail

Trump’s Media Firm Makes Finance Push in Crypto, ETFs

Wealth Management

The new brand will offer investments based on America-First principles, with brokerage Charles Schwab Corp. advising on products and strategy.

Media 79
article thumbnail

Fed’s Balance-Sheet Plans Mystify Wall Street as Officials Meet

Advisor Perspectives

Buried in a rote US Treasury survey released on the eve of the latest holiday weekend was a question that all of Wall Street wants the answer to: What’s the Federal Reserve’s plan once it’s done drawing down its crisis-era bond holdings?

article thumbnail

Does Insurance Cover Stolen Cars in Canada?

YouSet Insurance

Car insurance does cover stolen cars, but only if you have comprehensive coverage. If you dont, youll bear the full financial burden.

article thumbnail

DeepSeek Is Coming for Sam Altman’s Other Company Too

Advisor Perspectives

If OpenAI LLC were a listed company, Monday would have been a very bad day for the stock.

52
article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.