Mon.Nov 25, 2024

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A 3-Step Sales Process To Clearly Demonstrate Financial Planning Value To Prospects

Nerd's Eye View

Over the past decade, a growing number of advisors have expanded into offering comprehensive financial planning services, reflecting a shift that not only helps them stand out from (increasingly commoditized) portfolio management offerings but also supports clients' broader financial goals. However, comprehensive planning is an intangible service, which can make it challenging for advisors to convey its value – especially when meeting with prospective clients who may be unfamiliar with wha

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"The Financial Stability Implications of Digital Assets"

Calculated Risk

An interesting paper from researchers at the NY Fed: The Financial Stability Implications of Digital Assets Here is the overview: • This article considers the potential vulnerabilities associated with the digital asset ecosystem, adapting the Federal Reserve’s framework for assessing financial stability risks in the traditional financial system. • In particular, it examines the potential channels through which stress in crypto­-asset markets could be transmitted to the traditional financial syst

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2025 Tax Brackets, Social Security Benefits Increase, and Other Inflation Adjustments

MainStreet Financial Planning

The IRS and Social Security Administration recently announced changes for 2025. Here are some highlights: The SSA has announced that benefit checks will rise 2.5% in 2025. Social Security and SSI beneficiaries are normally notified by mail starting in early December about their new benefit amount. The fastest way to find out your new benefit amount is to access your personal my Social Security account to view the COLA notice online.

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Housing Nov 25th Weekly Update: Inventory down 0.4% Week-over-week, Up 27.1% Year-over-year

Calculated Risk

Altos reports that active single-family inventory was down 0.4% week-over-week. Inventory is now 2.8% below the peak for the year (5 weeks ago). Inventory will now decline seasonally until early next year. The first graph shows the seasonal pattern for active single-family inventory since 2015. Click on graph for larger image. The red line is for 2024.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

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

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Wealth Management Invest: Brookfield’s David Levi on HNW Investors’ Views on Alternatives

Wealth Management

Brookfield’s David Levi details how different types of investors use alternative investments.

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Weekly Market Insights: November 25th, 2024

Cornerstone Financial Advisory

Weekly Market Insights | November 25th, 2024 Pre-Holiday Optimism Lifts Markets Stocks advanced last week, powering ahead with pre-holiday optimism despite geopolitical tensions and two disappointing Q3 corporate updates. The Standard & Poor’s 500 Index rose 1.68 percent, while the Nasdaq Composite Index gained 1.73 percent. The Dow Jones Industrial Average led, picking up 1.96 percent.

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What the Rise of Passive Investing Means for Your Portfolio | Special Guest: Dave Nadig

Validea

In this episode, Jack Forehand and Matt Zeigler dive deep into one of the most debated topics in modern finance with special guest Dave Nadig. This episode explores how passive investing has transformed markets, featuring insights from leading experts including Mike Green, Aswath Damodaran, Rick Ferri, Rob Arnott, and Cliff Asness. Key discussions: Why active investing’s poor performance led to passive’s rise How index fund flows might affect market dynamics The difference between st

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Former Wells Fargo Advisor Recruiting Head Joins PNC Investments

Wealth Management

Brendan Krebs will lead PNC Investments' Wealth Advisor team, reporting to President and CEO Richard Guerrini and helping build out the firm’s increasing focus on mass affluent clients.

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What Makes an Advisor Successful?

Don Connelly & Associates

I have been around Financial Advisors for so long that I have created hierarchies. I categorize advisors economically and professionally. I’ve done this for so long that I can usually spot a successful Advisor from across the room. Of course I get fooled sometimes, but not very often. I’m always a bit incredulous when I do this. What is it I spot? Listen to this audio podcast or red the transcript below, adapted from the audio, to hear what I think makes an Advisor successful and what makes a su

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Stanger Raises 2024 Retail Alternative Fundraising Forecast to $120B

Wealth Management

The popularity of BDC products was among the main reasons for the change in estimate from $115 billion in July.

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Book of Secrets on the Month-End Close

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.

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How to tell a bad life insurance pitch

Sara Grillo

In this podcast I talk with Broc Buckles of BC Brokerage about how to avoid falling for a bad life insurance pitch. For those of you who are new to my blog, my name is Sara. I am a CFA® charterholder and financial advisor marketing consultant. I have a newsletter in which I talk about financial advisor lead generation topics which is best described as “fun and irreverent.

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SEC Charges Former Advisor With Cherry-Picking Trades

Wealth Management

According to the commission, James David Burleson’s scheme caused over $3 million in losses for his clients and a 26.5% positive return for himself. The SEC argues the probability that divergence occurred by chance was “less than one in a million.

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Factors are global, respectable and repeatable

Alpha Architect

The propagation of factors actually reflect valid characteristics of the markets and market fluctuations. Factors are global, respectable and repeatable was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

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State of the Art: Succession Planning for Art Collectors

Wealth Management

Collectors often see their collections as extensions of themselves, which can complicate rational decision-making during succession planning.

Planning 253
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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?

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Wealthfront’s Automated Bond Ladder vs. a Certificate of Deposit (CD)

Wealthfront

When the Federal Reserve cut the federal funds rate in September 2024, the cut kicked off what many investors believe will be a period of falling interest rates. At a high level, this means borrowing costs (like the rate you pay on credit card debt or a mortgage) are likely to fall, but the interest […] The post Wealthfront’s Automated Bond Ladder vs. a Certificate of Deposit (CD) appeared first on Wealthfront Blog.

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Summit Stakes Three RIAs With $420M in Assets

Wealth Management

The deals with Southeast Financial Group, Radiance Private Wealth and Silvertree Retirement Planning are part of the Summit Growth Partners initiative and bring it to 16 strategic investments this year.

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Talk Your Book: Animal Spirits Live

A Wealth of Common Sense

Today’s Talk Your Book is sponsored by F/m Investments: See here for more information on F/m Investments and their fixed-income lineup! On today’s show, we discuss: The creation of F/m Investments Thoughts on why investors are still on the short end of the curve Discussion around the rise of rates around Fed cuts in 2024 Why credit spreads have remained so tight Private investments within an ETF structure.

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How 401(k) Record Keeper Consolidation is Helping RPAs Grow

Wealth Management

And how RPA consolidation could result in more turnover.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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Market Drama

Zoe Financial

Market Drama Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA November 25th, 2024 Watch Time: 2 minutes Welcome to this week’s Market Drama! Stock Market Updates The S&P 500 & Nasdaq: both up 1.7% for the week. Up 25% and 26.6% YTD respectively. Nvidia Earnings: blockbuster revenue and growth, but stocks unchanged as results met expectations.

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Bain Capital Closes On Envestnet Acquisition

Wealth Management

The major technology provider to RIAs and IBDs has been delisted, and the search for a new permanent CEO is ongoing.

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Avoiding Analytical Distortions

Advisor Perspectives

Advisors that ignore – or are unable – to conduct bottom-up financial analysis will continue to mistakenly base their valuation assertions on dated charts and calendars with predictably flawed results.

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Ken Leech Sued by SEC Over Alleged ‘Cherry-Picking’ Scheme

Wealth Management

The SEC sued Leech, alleging he allocated trades hours after executing them, often waiting until the end of the trading day or afterward.

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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.

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RecessionAlert Weekly Leading Economic Index

Advisor Perspectives

The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of November 15, the index was at 32.153, down 1.455 from the previous week, with 5 of the 6 components in expansion territory.

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Fringe benefit tax for Not For Profits

Accounting for Good

Rewarding employees is standard practice for most organisations.

Taxes 52
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From Rate Cuts to Gold ETFs: Unpacking the Factors Behind the Price Surge

Advisor Perspectives

What are the key drivers of the gold market? Let’s delve into it.

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MISTAKE MONDAY for November 25: Can YOU spot what’s wrong?

Investment Writing

Can you spot what’s wrong in the image below? Please post your answer as a comment. Oh my, there are several mistakes in this! I post these challenges to raise awareness of the importance of proofreading. The post MISTAKE MONDAY for November 25: Can YOU spot what’s wrong? appeared first on Susan Weiner Investment Writing.

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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.

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Bond Market Halts Brutal Run as Buyers Pounce on 4.5% Yields

Advisor Perspectives

The US bond market is finally showing signs of steadying after a two-month selloff, with investors starting to swoop in whenever yields test new peaks.

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Is Quality your goal for internal auditing?

Norman Marks

The release of the IIA’s updated Quality Assessment Manual made me think about the differences and the stresses between: Quality Conformance (a.k.a. compliance) Efficiency Effectiveness The IIA says: For the first time, The IIA’s Quality Assessment Manual is authoritative IIA Global Guidance in this 2024 edition.

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Apple Should Have Learned a Chinese Lesson on EVs

Advisor Perspectives

High-tech manufacturing in China over the past year has often felt like watching a looking-glass parody of the US.

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Adviser links: a bull market in advice

Abnormal Returns

Podcasts Bogumil Baranowski talks with Tom Morgan about be a 'Curiosity Sherpa to Billionaires.' (podcasts.apple.com) Rex Salisbury talks with Ritholtz Wealth CEO Josh Brown about AI and wealth management. (youtube.com) Harry Morton talks with Jacob Turner about his journey from MLB player to wealth manager. (podcasts.apple.com) Robinhood Robinhood ($HOOD) is buying TradePMR.

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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