Abnormal Returns
JUNE 21, 2024
Listening The Longform Podcast is calling it quits. (defector.com) A list of some of the most popular (and influential) podcasters. (vulture.com) Economy Scott Galloway talks with Kyla Scanlon author of "In This Economy? How Money & Markets Really Work." (podcasts.apple.com) Joe Weisenthal and Tracy Alloway talk with John Arnold about the roadblocks to building in America.
Nerd's Eye View
JUNE 21, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that affluent Americans believe they need an average of $5.5 million in assets to both retire and pass on a legacy interest (though many have yet to establish an estate plan), according to a recent survey. At the same time, they also overwhelmingly recognize the value of financial advisors , not only for increasing their wealth beyond what they could have achieved on thei
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Advisor Perspectives
JUNE 21, 2024
The Conference Board Leading Economic Index (LEI) decreased in May to its lowest level since April 2020. The index fell 0.5% from the previous month to 101.2. While the index does signal softer economic conditions lay ahead, the LEI is currently not signaling a recession.
Wealth Management
JUNE 21, 2024
PhilanthPro's Nicholas Palahnuk discusses how clients' growing interest in philanthropy demands a more integrated approach, where giving is strategically aligned with overall financial goals.
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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.
A Wealth of Common Sense
JUNE 21, 2024
I track all of my savings and investments on Excel. Guess I’m old school and, yes, kind of a personal finance dork. I can’t help it. It’s nothing fancy. Just a collection of the holdings in our various accounts along with some simple calculations — net worth, annual retirement contributions, asset allocation, how much we’re saving each year, etc.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
JUNE 21, 2024
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 4.11 million SAAR in May Excerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2023 and 2024. Sales declined 2.8% year-over-year compared to May 2023. This was the thirty-third consecutive month with sales down year-over-year.
Alpha Architect
JUNE 21, 2024
Low short positions come from positive public news, while negative news can drive average short or extremely high short positions When Shorts Don’t Short was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Wealth Management
JUNE 21, 2024
Some strategic actions and best practices in the wake of the sunsetting of the 2017 Tax Reform and Jobs Act in 2025.
Random Roger's Retirement Planning
JUNE 21, 2024
Jeff Ptak from Morningstar Tweeted out that the Stone Ridge LifeX funds we've been talking about lately have started a "conversion" to the ETF wrapper. It's a little confusing but it appears that when the cohort reaches age 80, the ETF will convert to either a longevity pool for males or females, depending, that is referred to in the filing as a closed end trust or holders can simply cash out.
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 21, 2024
The investment manager has added eight new fixed-income and multi-asset SMAs for advisors to use in client portfolios.
Truemind Capital
JUNE 21, 2024
Lessons to learn to get better value from your wealth manager We onboarded a client with a portfolio of around INR 50 Crores, earlier managed by a big & reputed wealth management company. The portfolio was constructed for retirement purposes with 12 years of investment horizon. The risk profile of the client is moderate. When we did the portfolio health check-up, we found nearly 50 products in the portfolio. 40% allocation in AIFs and 20% average in debt.
Wealth Management
JUNE 21, 2024
KKR's Doug Krupa details the private equity firm's strategy for working with wealth advisors.
Calculated Risk
JUNE 21, 2024
From BofA: Our 2Q tracking estimate is two tenths higher at 1.8% q/q saar largely due to stronger than expected May payrolls and weaker than expected May CPI and PPI [June 20th estimate] emphasis added From Goldman: We lowered our Q2 GDP tracking estimate by 0.1pp to +1.9% (qoq ar) and our Q2 domestic final sales forecast by the same amount to +2.0%.
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Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.
Wealth Management
JUNE 21, 2024
The platform is specifically tailored to meet the needs of firms that service high- and ultra-high-net-worth clients.
Advisor Perspectives
JUNE 21, 2024
The S&P 500 rose for a third straight week, finishing up 0.61% from last Friday. The index is currently up 15.22% year to date and has recorded a new all-time high 31 times this year.
Wealth Management
JUNE 21, 2024
What wealth advisors need to know about taxing unrealized gains.
Advisor Perspectives
JUNE 21, 2024
Existing home sales fell for a third straight month in May while the median price reached a new record high. According to the data from the National Association of Realtors (NAR), existing home sales were down 0.7% from April, reaching a seasonally adjusted annual rate of 4.11 million units. This figure came in higher than the expected 4.08 million.
Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC
In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.
Wealth Management
JUNE 21, 2024
Allspring Global Investments plans to start offering actively managed ETFs.
Sara Grillo
JUNE 21, 2024
Keep it brief. Make it about the opportunity – not the rejection. Put all the emphasis on the type of advisor who is correct and how they should find them, not why they aren’t right for you. Take these actions TODAY: When rejecting the prospect, don’t ramble. Just give them one good reason , and use my Two Sentence Rule. Example: (Smile) “From our conversations I observed that you seem more of a Do-It-Yourself type of investor.
Wealth Management
JUNE 21, 2024
Schwab's upcoming tech updates aim to improve advisor-client experiences.
Sara Grillo
JUNE 21, 2024
Question from a subscriber: “I had a welcome video of me on my home page website for a year, but I just took it down. My prospects have slowed since I put it up last year. Tips on what to put in a video on a website?” The sudden reduction in number of leads could be due to a number of factors beyond your control. The Google algorithm is always changing, for example.
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Creating a winning digital lending experience requires plenty of focus on the needs of customers and more. Biz2X Chief Product Officer Aaron Traub covers everything from how to create such an experience, areas to hone in on, pitfalls to avoid, and plenty more in this insightful article. Discover how to utilize new technology without alienating existing customers, what to emphasize when working on your platform, and how to utilize the data at your disposal while not becoming overly reliant on it.
Wealth Management
JUNE 21, 2024
Explore advanced analytics, comprehensive data integrity, and seamless planning integration.
Advisor Perspectives
JUNE 21, 2024
After being on the frontline of the pandemic, then grappling with an edgy public and a spike in shoplifting, its been a tough few years to work retail. But for Walmart Inc. managers, at least, things are looking up.
Wealth Management
JUNE 21, 2024
Thursday, July 18, 2024 | 4:00 PM Eastern Daylight Time
Advisor Perspectives
JUNE 21, 2024
A rising number of U.S. taxpayers are subject to an investment income surtax, introduced a decade ago in federal legislation. Here are some strategies that may help mitigate the impact of the tax.
Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker
If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!
Calculated Risk
JUNE 21, 2024
From the NAR: Existing-Home Sales Edged Lower by 0.7% in May as Median Sales Price Reached Record High of $419,300 Existing-home sales slightly declined in May as the median sales price climbed to a record high, according to the National Association of REALTORS®. In the four major U.S. regions, sales slid month-over-month in the South but were unchanged in the Northeast, Midwest and West.
Advisor Perspectives
JUNE 21, 2024
The ongoing artificial intelligence frenzy that briefly made Nvidia Corp. the world’s most valuable company this week also drove record inflows into tech funds, said Bank of America Corp. strategists.
Discipline Funds
JUNE 21, 2024
Here are three things I think I am thinking about: 1) The Concentration of the Mag 7 is Both Good and Bad. In a recent piece I discussed the risk of concentration in the US stock market. It’s really amazing. Almost every day now the Magnificent 7 add hundreds of billions of dollars in market cap value. It almost feels like the only game in town now as the market cap weighted stock indices trounce virtually everything else in large part due to this small group of companies.
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