Abnormal Returns
JUNE 4, 2024
Markets The best time to prepare for a bear market is before it begins. (awealthofcommonsense.com) When you own $240 million of a meme stock, does it actually own you? (sherwood.news) Companies Does Intel ($INTC) have a route forward? (spyglass.org) Weird stuff happens when a CEO controls overlapping companies. (theverge.com) Tech The rubber is hitting the road with the CHIPS Act.
The Big Picture
JUNE 4, 2024
Today, I am participating in a few events at Bloomberg’s Hedge Fund Forum 2024. I will be moderating the Emerging Managers Panel (I did this last year as well). It is a great collection of three new(ish) managers, in a variety of areas, all of whom have put up solid numbers: 3:45 PM Panel Discussion: Emerging Managers Panelists: Vince Aita, CIO & Managing Partner, Cutter Capital Management Brian Hurst, Founder and CIO, ClearAlpha Technologies Melvin Ike, Founder and Managing Partner, The
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A Wealth of Common Sense
JUNE 4, 2024
Through the end of May, the S&P 500 has experienced 24 new all-time highs this year alone. Volatility has been relatively low for some time now. We haven’t had a 2% down day on the S&P 500 in well over 300 trading days: That’s fast approaching the longest streak without a nasty down day over the past 10 years. The S&P 500 is up around 11% for the year on a total return basis.
Calculated Risk
JUNE 4, 2024
From the BLS: Job Openings and Labor Turnover Summary The number of job openings changed little at 8.1 million on the last business day of April , the U.S. Bureau of Labor Statistics reported today. Over the month, both the number of hires and total separations were little changed at 5.6 million and 5.4 million, respectively. Within separations, quits (3.5 million) and layoffs and discharges (1.5 million) changed little. emphasis added The following graph shows job openings (black line), hires (
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.
Nerd's Eye View
JUNE 4, 2024
Welcome everyone! Welcome to the 388th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Freeman Linde. Freeman is the Co-Founder of La Crosse Financial Planning, an RIA based in La Crosse, Wisconsin, that oversees nearly $50 million in assets under management (AUM) for 73 client households. What's unique about Freeman, though, is how despite the conventional industry view that it takes $10s of millions of AUM to go independent, launched his own RIA with just $7M
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Nerd's Eye View
JUNE 4, 2024
Welcome everyone! Welcome to the 388th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Freeman Linde. Freeman is the Co-Founder of La Crosse Financial Planning, an RIA based in La Crosse, Wisconsin, that oversees nearly $50 million in assets under management (AUM) for 73 client households. What's unique about Freeman, though, is how despite the conventional industry view that it takes $10s of millions of AUM to go independent, launched his own RIA with just $7M
Wealth Management
JUNE 4, 2024
The tenth annual WealthManagement.com Industry Awards ceremony will be held in New York City on Sept. 5.
Advisor Perspectives
JUNE 4, 2024
Gas prices fell for a sixth straight week, experiencing their largest weekly drop of the year. As of June 3rd, the prices of regular and premium gas each fell 6 cents from the previous week. The WTIC end-of-day spot price for crude oil closed at $74.22, down 7.0% from last week.
Wealth Management
JUNE 4, 2024
SAM INSIGHTS, Ask SAM and SAM Score are the latest iterations of the Canadian firm’s AI-based planning platform.
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.
Random Roger's Retirement Planning
JUNE 4, 2024
We spend a lot of time here dissecting alternatives in pursuit of refining the portfolio to being more resilient in the face of serious declines and trying to improve risk adjusted results. One high level aspect of this process is trying to understand what to expect from a particular fund. For some funds it is easy to figure out what it is trying to do, regardless of whether it succeeds, you can figure out what the goal is.
Wealth Management
JUNE 4, 2024
The new features include a one-stop client portal, cloud data platform, consolidated APIs and portfolio management suite.
Calculated Risk
JUNE 4, 2024
This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the May 2024 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019.
Wealth Management
JUNE 4, 2024
Dawn Nordberg will lead a new program to strengthen ties between Citi's banking and wealth divisions, among other responsibilities, according to Andy Sieg.
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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.
Advisor Perspectives
JUNE 4, 2024
As private equity investment in health care has surged to almost $1 trillion over the past decade — funding new technologies, clinical trials and more — a lack of transparency has made it hard to assess whether the industry is also putting patients at risk.
Wealth Management
JUNE 4, 2024
Wirehouses advisors are urging defensive equities strategies in the runup to the 2024 election, reports FundFire. Morningstar explored how investors should consider allocating to private equity. These are among the investment must reads we found this week for wealth advisors.
Advisor Perspectives
JUNE 4, 2024
With the Q1 GDP second estimate and the May close data, we now have an updated look at the popular "Buffett Indicator" -- the ratio of corporate equities to GDP. The current reading is 204.9%, up from 184.4% the previous quarter.
Wealth Management
JUNE 4, 2024
Pistone Wealth Advisors brings $120 million in client assets from Beacon Financial Advisory.
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
Million Dollar Round Table (MDRT)
JUNE 4, 2024
By Alessandro M. Forte, FCII, CFP There should always be a holistic nature to financial planning. You can either fall into the category of transactional advisors, where you are simply looking to sell a product, or you can take the wholly encompassing, 360-degree approach to giving good financial advice, supported by a range of other professional services.
Wealth Management
JUNE 4, 2024
Retirement industry thought leaders answer three probing questions on critical issues, providing an open, honest and candid dialogue.
Calculated Risk
JUNE 4, 2024
Notes: This CoreLogic House Price Index report is for April. The recent Case-Shiller index release was for March. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic: Monthly US Home Price Gains Dip Below Seasonal Average in April • U.S. year-over-year single-family home price appreciation was 5.3% in April , the same as in March. • All states posted annual appreciation in March, led by New Hampshire (12%), New Jersey (11%) and Sout
Wealth Management
JUNE 4, 2024
Former employees of Salomon & Ludwin claim they were under the protections of the Broker Protocol when they departed; they also cited concerns about the RIA’s culture and poor communication.
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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.
Calculated Risk
JUNE 4, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:15 AM, The ADP Employment Report for May. This report is for private payrolls only (no government). The consensus is for 174,000 payroll jobs added in May, down from 192,000 in April. • At 10:00 AM, the ISM Services Index for May.
Wealth Management
JUNE 4, 2024
A team of Merrill advisors with more than $1 billion in assets is going independent and forming Alteri Wealth, which will custody with Schwab.
Calculated Risk
JUNE 4, 2024
Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt: Tracking rents is important for understanding the dynamics of the housing market. For example, the sharp increase in rents helped me deduce that there was a surge in household formation in 2021 (See from September 2021: Household Formation Drives Housing Demand ).
Wealth Management
JUNE 4, 2024
The move bolsters Beacon Pointe’s book of business in the Seattle metropolitan market.
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!
Advisor Perspectives
JUNE 4, 2024
The latest job openings and labor turnover summary (JOLTS) report showed that job openings fell to their lowest level since February 2021. Vacancies dropped to 8.059 million in April from March's downwardly revised level of 8.355 million. The latest reading was below the expected 8.370 million vacancies.
Wealth Management
JUNE 4, 2024
With licenses from FINRA and the SEC, Prometheum hopes to remove barriers preventing RIAs from recommending digital assets. It’s hired Marc Nichols to lead the effort.
Advisor Perspectives
JUNE 4, 2024
There are many historical relationships within financial markets based on sound economic theory, which accordingly repeat cycle after cycle. High yield bonds and small cap stocks typically move in line with each other, but the two have diverged since 2022.
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