Wealth Management
AUGUST 1, 2024
The finding is part of a broader Cerulli report examining the opportunities and challenges surrounding the use of alternative investments in the retail channel.
Calculated Risk
AUGUST 1, 2024
Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 1.9% Below 2022 Peak Excerpt: It has been 18 years since the bubble peak. In the May Case-Shiller house price index released on Tuesday, the seasonally adjusted National Index (SA), was reported as being 73% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 11% above the bubble peak (and historically there has been an upward slope to real house prices).
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Wealth Management
AUGUST 1, 2024
The LPL suit is similar to a class action complaint filed last month claiming the firm violated its duties to clients by allegedly making huge profits from the interest rates on cash sweep accounts.
Abnormal Returns
AUGUST 1, 2024
July 2024 How major asset classes performed in July 2024. (capitalspectator.com) The S&P SmallCap 600 was up 10.8% in July. (on.spdji.com) Rates The 10-year Treasury has dipped below 4.0% for the first time in awhile. (sherwood.news) Tether is benefiting greatly from elevated interest rates. (theblock.co) Fund management Bill Ackman pulled the IPO for Pershing Square USA.
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
Wealth Management
AUGUST 1, 2024
Despite potential tax changes, donor-advised funds remain a go-to tool.
Calculated Risk
AUGUST 1, 2024
The DOL reported : In the week ending July 27, the advance figure for seasonally adjusted initial claims was 249,000, an increase of 14,000 from the previous week's unrevised level of 235,000. The 4-week moving average was 238,000, an increase of 2,500 from the previous week's unrevised average of 235,500. emphasis added The following graph shows the 4-week moving average of weekly claims since 1971.
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Calculated Risk
AUGUST 1, 2024
From the Census Bureau reported that overall construction spending decreased: Construction spending during June 2024 was estimated at a seasonally adjusted annual rate of $2,148.4 billion, 0.3 percent below the revised May estimate of $2,154.8 billion. The June figure is 6.2 percent above the June 2023 estimate of $2,023.0 billion. emphasis added Both private and public spending decreased: pending on private construction was at a seasonally adjusted annual rate of $1,664.6 billion, 0.3 percent b
Wealth Management
AUGUST 1, 2024
Regulators aren’t wrong in warning about the unintended consequences of artificial intelligence in financial services if leveraged improperly.
Calculated Risk
AUGUST 1, 2024
On Friday at 8:30 AM ET, the BLS will release the employment report for July. The consensus is for 175,000 jobs added, and for the unemployment rate to be unchanged at 4.1%. There were 206,000 jobs added in June, and the unemployment rate was at 4.1%. From Goldman Sachs: We estimate nonfarm payrolls rose by 165k in July , below consensus of +175k. While an influx of labor supply at the start of summer typically leads to an acceleration in seasonally-adjusted job growth when the labor market is t
Wealth Management
AUGUST 1, 2024
The use of AI can assist firms to better understand client behaviors, identify high-value opportunities and optimize their outreach 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.
Calculated Risk
AUGUST 1, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Employment Report for July. The consensus is for 175,000 jobs added, and for the unemployment rate to be unchanged at 4.
Wealth Management
AUGUST 1, 2024
David Dodson, a former Oppenheimer advisor, has joined to lead the wealth management business.
Calculated Risk
AUGUST 1, 2024
(Posted with permission). The ISM manufacturing index indicated expansion. The PMI® was at 46.8% in July, down from 48.5% in June. The employment index was at 43.4%, down from 49.3% the previous month, and the new orders index was at 47.1%, down from 49.3%. From ISM: Manufacturing PMI® at 46.8% July 2024 Manufacturing ISM® Report On Business® Economic activity in the manufacturing sector contracted in July for the fourth consecutive month and the 20th time in the last 21 months, say the nation's
Wealth Management
AUGUST 1, 2024
The summer months provides the opportunity to strategically recharge, absorb and plan for the remainder of the year.
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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?
Carson Wealth
AUGUST 1, 2024
As you move toward retirement, you can’t be content just to accumulate assets. You need to develop a retirement income plan that can help guide you when it comes time to turn savings into sustainable retirement income. The real challenge of retirement income planning is that you need to generate income for an uncertain period of time — because no one knows how long they’ll live in retirement.
Wealth Management
AUGUST 1, 2024
Tuesday, August 27, 2024 | 2:00 PM ET
A Wealth of Common Sense
AUGUST 1, 2024
Our resident insurance expert and financial advisor, Jonathan Novy, joined me on the show this week to discuss questions about life insurance vs. investing, HELOCs, taking out a loan to remodel your house and how the step-up basis works when one spouse passes away. Further Reading: The Fed Matters Less Than You Think 1There were a lot of theories about the reasoning for this at the time.
Wealth Management
AUGUST 1, 2024
There are a slew of technical and regulatory hurdles to overcome before the likes of BlackRock, Invesco and others can squeeze the likes of real estate and pre-public companies into ETFs.
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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.
Advisor Perspectives
AUGUST 1, 2024
Here is a summary of the four market valuation indicators we update on a monthly basis.
NAIFA Advisor Today
AUGUST 1, 2024
The Fortis Agency of Holmdel, NJ has been named the inaugural 100% Agency of the Year by the National Association of Insurance and Financial Advisors (NAIFA).
Advisor Perspectives
AUGUST 1, 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 1.77, down from 1.78 in June.
Financial Symmetry
AUGUST 1, 2024
Below, you can watch our second quarter 2024 Market Update video. In it, we discuss the following topics: Recent strong performance for US and International stocks The importance of global diversification Comparing the Nvidia AI boom to the Cisco internet … Continued The post Market Update Q2 2024 appeared first on Financial Symmetry, Inc.
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.
Advisor Perspectives
AUGUST 1, 2024
The July S&P Global US Manufacturing PMI™ fell to 49.6 in July from 51.6 in June, indicating a slight deterioration in business conditions. The latest reading was just above the forecasted reading of 49.5 but is the index's lowest level of the year.
Random Roger's Retirement Planning
AUGUST 1, 2024
We regularly look at capital efficiency and its potential uses in portfolio construction. There's plenty to learn from it, we've studied it here quite a bit and for me the answer goes no further than slight influence with a couple of alt strategies. I don't believe I am dismissive of it but I am wary or at least, very cautious. The last few weeks have provided a good example of what can happen in adverse market conditions.
Advisor Perspectives
AUGUST 1, 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 28.0 and the latest P/E10 ratio is 35.5.
Random Roger's Retirement Planning
AUGUST 1, 2024
Let's try something different and see if it can go anywhere. If there's any engagement, maybe can do one of these every week or so. I will lay out a portfolio concept that is hopefully robust when compared to more standard benchmarks. The idea is for readers to weigh in with thoughts or anything they'd do differently. Here's our first attempt. BTAL and BLNDX are client and personal holdings and I own a few shares of MAXI.
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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.
Alpha Architect
AUGUST 1, 2024
Full exposure to domestic equities. Full exposure to international equities. Full exposure to REITs. No exposure to commodities. Partial exposure to intermediate-term bonds. DIY Trend-Following Allocations: August 2024 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
NAIFA Advisor Today
AUGUST 1, 2024
NAIFA’s Committee on Governance has nominated John Wheeler , CFP, CLU, ChFC, CRPC, LACP, CLTC, LUTCF, Executive Senior Partner at Totus Wealth Management LLC in Houston, Texas, to be the 2025 NAIFA Secretary. Wheeler, who currently serves on NAIFA’s National Government Relations and IFAPAC Committees, is a past NAIFA-National Trustee and Past President of NAIFA-Illinois.
Validea
AUGUST 1, 2024
Momentum investing has long been a popular strategy among investors, but not all momentum approaches are created equal. Validea’s Quantitative Momentum strategy, based on the research of Wes Gray and Jack Vogel as outlined in their book “Quantitative Momentum,” offers a sophisticated, evidence-based approach to capturing momentum in the stock market.
Advisor Perspectives
AUGUST 1, 2024
Based on the July S&P 500 average of daily closes, the Crestmont P/E of 39.2 is 160% above its arithmetic mean, 183% above its geometric mean, and is at the 99th percentile of this 14-plus-decade series.
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
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