Abnormal Returns
AUGUST 6, 2024
Retail Using LLMs to identify retail trader strategies. (papers.ssrn.com) A look at the value, or lack thereof, of WallStreetBets stock picks. (alphaarchitect.com) Analysts Why are all-start investment analysts influential? (papers.ssrn.com) Can LLMs replace the average human analyst? (wsj.com) Institutional investors How institutional investors want to consume content.
Nerd's Eye View
AUGUST 6, 2024
Welcome everyone! Welcome to the 397th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jaime Benedetti. Jaime is the Managing Principal of Benedetti, Gucer, and Associates and BEAM Wealth Advisors, hybrid advisory firms based in Atlanta, Georgia, and Covington, Louisiana that oversee a total of $1.2 billion in assets under management for approximately 900 client households.
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Abnormal Returns
AUGUST 6, 2024
Markets A bear market need not a recession make. (axios.com) Not many stocks are making new lows. (allstarcharts.com) Strategy It's easier to deal with market volatility in theory than in practice. (behaviouralinvestment.com) ESG investing has gotten a bad rap, but there is something there for analysts. (flyoverstocks.com) Good trading rules don't go out of style.
Calculated Risk
AUGUST 6, 2024
From the NY Fed: Household Debt Increased Moderately in Q2 2024; Auto and Credit Card Delinquency Rates Remain Elevated The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The report shows total household debt increased by $109 billion (0.6%) in Q2 2024, to $17.80 trillion.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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.
Wealth Management
AUGUST 6, 2024
Financial advisors view the market correction as a normal course of events and a good buying opportunity. “Market volatility is my best friend,” one advisor said. “This is an opportunity to show clients why they pay us a fee, to navigate difficult times with a rock steady approach.
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
AUGUST 6, 2024
Three things I’m thinking about during the stock market correction: This is why I love markets. Everything was calm. There was no volatility to speak of this year. Then BAM! Stocks are tumbling around the globe. Investors are recalibrating on the fly. People are worried about a recession, an AI bubble bursting, the Fed’s inaction, the labor market, the Yen carry trade and a whole lot more.
Wealth Management
AUGUST 6, 2024
Michael Conway shares how advisors at his firm, Conway Wealth, prioritize a deep understanding of each client’s values and put health and well-being at the center of the planning conversation.
Advisor Perspectives
AUGUST 6, 2024
Household debt rose by $109 billion (0.62%) to $17.80 trillion in Q2 2024. The increase in debt this quarter was largely driven by credit card, mortgage, and auto loan balances.
Wealth Management
AUGUST 6, 2024
Amid the market rancor in recent days, some wirehouse advisors are telling clients to “buy the dip,” reports FundFire. The unwinding of a popular carry trade borrowing in yen and investing in other currencies is a culprit in the increased market volatility. These are among the investment must reads we found this week for wealth advisors.
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.
Advisor Perspectives
AUGUST 6, 2024
Warren Buffett has been selling a lot of stock, and that revelation is inducing his many admirers to follow suit. His Omaha, Nebraska-based conglomerate, Berkshire Hathaway Inc., reported Saturday that it reduced several positions and slashed its stake in top-holding Apple Inc., a sign to some in markets that the “Oracle of Omaha” was bracing for deep stock-market declines.
Wealth Management
AUGUST 6, 2024
The commission’s enforcement division first contacted the wirehouse in April regarding “advisory cash balances swept to affiliate bank deposit programs.
Advisor Perspectives
AUGUST 6, 2024
Friday’s weaker-than-expected jobs report has sparked a robust debate about whether the economy is sliding into recession or whether the rise in the unemployment rate in July was due to a continuing post-pandemic normalization of the labor market.
Wealth Management
AUGUST 6, 2024
RIA M&A activity has plateaued in recent months, but 2024 is still on track to surpass 2023 volume, according to DeVoe & Company’s latest RIA Deal Book.
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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
AUGUST 6, 2024
Gas prices fell to their lowest level in six weeks this past week. As of August 5th, the price of regular and premium gas decreased 4 and 3 cents from the previous week, respectively. The WTIC end-of-day spot price for crude oil closed at $72.94, down 3.8% from last week and the lowest level since early February.
Wealth Management
AUGUST 6, 2024
Sound Income Strategies founder and CEO David Scranton discusses how income investing can help stabilize a portfolio.
Million Dollar Round Table (MDRT)
AUGUST 6, 2024
By Li Choo Tan To retain clients as well as serve their children and generations beyond, I engage with my clients on a personal level. In fact, most of my clients become longtime friends. What I do, beyond being a financial advisor and insurance agent to them, is to celebrate the milestones of their lives and that of their family members. I help celebrate graduations, marriages and the birth of children as well as educate their young adult children about financial planning.
MainStreet Financial Planning
AUGUST 6, 2024
Starting to teach children about money at a young age can set the foundation for a lifetime of financial literacy and smart money management. As a mom to a 5-year-old boy named Liam, I’ve found that even simple activities can help children understand and appreciate the value of money. Inspired by the book Raising Financially Fit Kids by Joline Godfrey , which outlines specific activities, tasks, concepts, and actions you can introduce to children from as early as age 5, I’ve implemen
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
AUGUST 6, 2024
The Census Bureau and the Bureau of Economic Analysis reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $73.1 billion in June , down $1.9 billion from $75.0 billion in May, revised. June exports were $265.9 billion, $3.9 billion more than May exports. June imports were $339.0 billion, $2.0 billion more than May imports. emphasis added Click on graph for larger image.
Trade Brains
AUGUST 6, 2024
In a surprising turn of events, the Indian stock market index, Nifty 50, experienced a sharp correction, dropping approximately 1,000 points from 25,000 to 24,000 levels within just three sessions. This sudden decline has left equity investors grappling with critical questions: Should they buy the dip, wait for further correction, or stay on the sidelines?
Calculated Risk
AUGUST 6, 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.
Wealth Management
AUGUST 6, 2024
Weighing the pros and cons of equity and debt financing and convertible instruments.
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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.
Steve Sanduski
AUGUST 6, 2024
Guests: Matt Coope r, Partner and President of Beacon Pointe Advisors. In a Nutshell: “Inorganic growth” can be a bit of a misnomer. Yes, M&A will boost the buyer’s bottom line and client base. But that growth won’t be sustainable or repeatable through other acquisitions without sound organic growth strategies and an inspiring culture uniting every single level of each company.
Wealth Management
AUGUST 6, 2024
Crucial estate planning tools and possible court interventions.
Advisor Perspectives
AUGUST 6, 2024
During each speculative run-up in asset prices – whether the dot-com bubble, the housing bubble, or more recently the rapid rise (and fall) of the stocks of electric vehicle companies – there’s typically a moment when Wall Street strategists, analysts, and investors go all-in on that theme.
Wealth Management
AUGUST 6, 2024
Market observers opine on buying the dip, bargains and what’s next.
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
AUGUST 6, 2024
Buying US stocks after a slump of the scale witnessed over the past month has usually been profitable, according to a Goldman Sachs Group Inc. analysis of four decades of data.
NAIFA Advisor Today
AUGUST 6, 2024
NAIFA Announces E4 Insurance Services as the Recipient of the Inaugural Financial Security Champion of the Year Award The National Association of Insurance and Financial Advisors (NAIFA) is proud to announce that E4 Insurance Services , led by Managing Partners Dan Peterson, LUTCF, LLIF, FIC , Brendon DeRouin, CLU, ChFC, LACP, RICP , and Steve Bergee, LACP , is the first recipient of the prestigious Financial Security Champion award.
Random Roger's Retirement Planning
AUGUST 6, 2024
Who knows whether the market event of the last few days is over or not, I certainly can't predict but if that was it, I think we should call it The Great Hiccup Of August, 2024. Whether it turns out that that was it or if it keeps going, I think it was a fantastic opportunity to make sure you understand you portfolio in terms of having the right expectations for your holdings and understanding why a holding didn't do what you hoped it would.
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