Abnormal Returns
JUNE 4, 2024
Research What happened to the short term reversal effect? (klementoninvesting.substack.com) What can we really learn from a century of capital markets returns? (blogs.cfainstitute.org) Do more diverse hedge fund teams outperform? (alphaarchitect.com) Why one CTA manager may not be enough to capture managed futures returns. (mrzepczynski.blogspot.com) Why you should let AI listen to earnings calls.
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
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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.
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
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
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 (
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
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.
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
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.
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.
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.
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
The tenth annual WealthManagement.com Industry Awards ceremony will be held in New York City on Sept. 5.
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.
Advertisement
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!
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.
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.
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.
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!
Wealth Management
JUNE 4, 2024
The new features include a one-stop client portal, cloud data platform, consolidated APIs and portfolio management suite.
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.
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.
Advertisement
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.
Wealth Management
JUNE 4, 2024
WEG CEO Jeff Dekko shares his company’s approach to staffing models, strategic decision-making and the significance of organic growth in the financial advisory industry.
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.
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.
Advisor Perspectives
JUNE 4, 2024
Our monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations for investment returns. On August 4, 2020, the 10-year Treasury yield hit its all-time low of 0.52%. As of May 31, it was 4.51%.
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.
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.
Advisor Perspectives
JUNE 4, 2024
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process.
Wealth Management
JUNE 4, 2024
Pistone Wealth Advisors brings $120 million in client assets from Beacon Financial Advisory.
Expert insights. Personalized for you.
255 
Let's personalize your content