Abnormal Returns
JULY 16, 2024
Rates Widening deficits don't seem to be putting a crimp on Treasury funding. (wsj.com) What an inverted yield curve (still) says about the odds of a recession. (econbrowser.com) Real estate Striking out on your own these days is expensive. (housingwire.com) Evictions are on the rise in a lot of localities. (wsj.com) Economy National homebuilder confidence is soft.
Nerd's Eye View
JULY 16, 2024
Welcome everyone! Welcome to the 394th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Christi Van Rite. Christi is the Founder of White River Consultants, a firm that provides administrative family office services to 17 ultra-high-net-worth households, and is on track to generate nearly $1.5M in revenue this year from its specialized services.
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Abnormal Returns
JULY 16, 2024
Managed futures Why managed futures stand out among hedge fund strategies. (mrzepczynski.blogspot.com) Comparing the correlation benefits of managed futures vs. market-neutral multi-factor investing. (insights.finominal.com) Michael and Ben talk with Eric Crittenden of Standpoint Funds. (awealthofcommonsense.com) Research What role do commodities play in a portfolio?
A Wealth of Common Sense
JULY 16, 2024
There aren’t all that many millionaires in the world. People with wealth in excess of $1 million make up just 1.5% of the world’s population. Yet this group controls nearly half of the world’s wealth (around $214 trillion in total). There are even fewer billionaires — a little less than 2,700 worldwide or a number that rounds down to 0% of the global population.
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
Wealth Management
JULY 16, 2024
BlackRock’s plans to leverage its recent acquisition of Preqin to build private market ETFs have drawn skeptics, reports the Financial Times. Fortune profiled nine executives in the burgeoning private credit arena. These are among the investment must reads we found this week for wealth advisors.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
JULY 16, 2024
Some 64% of advisory firms have no plans to develop or use client-facing artificial intelligence, yet 46% said it was a chief compliance concern, according to the ACA Group's latest survey.
Advisor Perspectives
JULY 16, 2024
Nominal retail sales in June were down 0.02% month-over-month (MoM) and up 2.28% year-over-year (YoY). However, after adjusting for inflation, real retail sales were up 0.03% MoM and down 0.68% YoY.
Wealth Management
JULY 16, 2024
Morgan Stanley CEO Ted Pick said fee-based flows remained a “growth space” for the business, while Merrill CFO Alastair Borthwick said high asset management fees offset the NII dip.
Million Dollar Round Table (MDRT)
JULY 16, 2024
By Michael DePilla, MDRT in-language content strategist Connecting with clients and prospects is crucial for finding and keeping clients. Try these ideas from MDRT members to communicate with clients and build critical professional relationships. Financial pyramid When I meet with younger clients, I draw a pyramid on my yellow sheet of paper (I know, I am old school) and explain, “This is your financial pyramid.
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
JULY 16, 2024
Osaic's updated NextPhase platform was completed in partnership with IncomeConductor software.
Steve Sanduski
JULY 16, 2024
Guest: Amy Koenig , a financial advisor coach and the Chief of Operations at ROL Advisor. In a Nutshell: Amy Koenig was the first coach I hired back in 2004 when I was running Peak Advisor Alliance-now Carson Coaching. She coached advisors, operations leaders, and she developed the entire systems manual that was a key part of our coaching offering back in the Peak days.
Wealth Management
JULY 16, 2024
CEO Walt Bettinger said asset and revenue attrition levels from the integration of the two firms are below original estimates.
Advisor Perspectives
JULY 16, 2024
Leveraging essential tools will energize teams, streamline operations, and drive growth. Financial advisors should actively promote education, training, networking, and personal development to foster a net wealth-supporting environment.
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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
JULY 16, 2024
Martin M. Shenkman and Joy Matak caution about negative gift tax consequences according to a new Chief Counsel Advice memorandum.
Advisor Perspectives
JULY 16, 2024
The Census Bureau's Advance Retail Sales Report for June revealed headline sales were flat last month. The latest reading was above the expected 0.3% monthly decline in consumer spending.
Wealth Management
JULY 16, 2024
Up the Graph Financial Group, led by Garrick Updegraph, joins from Wells Fargo Advisors Financial Network.
Advisor Perspectives
JULY 16, 2024
Yield-hungry insurance firms are adopting an unconventional strategy: they’re skipping mortgage-backed bonds and buying the underlying whole loans outright.
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
JULY 16, 2024
Charles A. Redd explains why it’s regrettable that the taxpayers in Moore v. United States didn’t seek certiorari on their argument.
Calculated Risk
JULY 16, 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 8:30 AM, Housing Starts for June. The consensus is for 1.310 million SAAR, up from 1.277 million SAAR in May. • At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for June.
Wealth Management
JULY 16, 2024
A team led by Kara Boccella has left Certuity to create Serenus Wealth Advisors in Santa Monica, Calif.
Calculated Risk
JULY 16, 2024
Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in June A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to June 2019 for each local market (some 2019 data is not available). This is the third look at several local markets in June. I’m tracking over 40 local housing markets in the US.
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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
JULY 16, 2024
A review of the deemed allocation rules of Chapter 13 and their application to lifetime indirect skips.
Calculated Risk
JULY 16, 2024
On a monthly basis, retail sales were "virtually unchanged" from May to June (seasonally adjusted), and sales were up 2.3 percent from June 2023. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for June 2024 , adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $704.3 billion, virtually unchanged from the previous month , but up 2.3 percent above June 2023.
Wealth Management
JULY 16, 2024
Barry Martin of Shelton Capital Management discusses the rise of covered calls, their income potential, risks, and diversification benefits.
Tobias Financial
JULY 16, 2024
This event has passed, you can watch the recording here: [link] Join us on Tuesday, July 16th at 12:30 PM Eastern for our Quarterly Market Update Webinar. When: Tuesday, July 16th at 12:30 PM Eastern Registration: Click here to register. Cost: Complimentary After registering, you will receive a confirmation email with instructions for joining the webinar.
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
JULY 16, 2024
Atlanta-based Gratus Capital is the latest to be rolled up as part of Focus Financial’s hub strategy.
NAIFA Advisor Today
JULY 16, 2024
All of the firm’s advisors become NAIFA members and are poised to participate in NAIFA’s unmatched state and federal advocacy success under an agency-wide membership program. The National Association of Insurance and Financial Advisors (NAIFA) is pleased to announce that Blake Wealth Partners in Columbus, Ohio has become a NAIFA 100% Agency. Under the membership program, Blake Wealth Partners has enrolled all of its advisors as NAIFA members, enrolled them in NAIFA’s grassroots advocacy programs
Wealth Management
JULY 16, 2024
Legal Editor Anna Sulkin Stern discusses this month's cover art.
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