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.
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.
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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.
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?
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Wealth Management
JULY 16, 2024
Time to bust the myth of gold as a safe-haven asset.
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.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
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.
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
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
Atlanta-based Gratus Capital is the latest to be rolled up as part of Focus Financial’s hub strategy.
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
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.
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.
Discipline Funds
JULY 16, 2024
The combination of the Great Financial Crisis period and the Covid era created some of the most interesting economic experiments in history. They also resulted in some of the worst narratives in finance and economics. Here are three bad narratives that are dead, but won’t yet be laid to rest because economic narratives are hard to bury. 1 Bad Narrative #1: Raising Interest Rates Adds to Inflation.
Wealth Management
JULY 16, 2024
Up the Graph Financial Group, led by Garrick Updegraph, joins from Wells Fargo Advisors Financial Network.
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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.
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.
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
In short, your prospect isn’t looking for a relationship, they’re looking for someone to solve their problem. As a result, trying to build a relationship pre-sale invites the two-pronged consequence of having them doubt your motives and then reject your plan.
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.
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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?
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.
Wealth Management
JULY 16, 2024
Legal Editor Anna Sulkin Stern discusses this month's cover art.
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
A review of the deemed allocation rules of Chapter 13 and their application to lifetime indirect skips.
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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.
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
Managing a polarity requires a different approach.
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.
Wealth Management
JULY 16, 2024
Maintain tax-exempt status and avoid costly penalties.
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
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.
Wealth Management
JULY 16, 2024
Practical approaches that foster integrated services.
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
Barry Martin of Shelton Capital Management discusses the rise of covered calls, their income potential, risks, and diversification benefits.
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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.
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