Abnormal Returns
MAY 29, 2024
Nvidia It's hard to overstate just how big a rally Nvidia ($NVDA) has seen. (downtownjoshbrown.com) Then again, few large companies have grown this fast. (theirrelevantinvestor.com) AI A look at the AI tech stacks for various players in the industry. (stratechery.com) Why Zuck and Meta ($META) have embraced an open AI standard. (nytimes.com) AI spending is going to grow as more countries jump into the game.
Nerd's Eye View
MAY 29, 2024
Small business owners often treat their businesses not only as their source of income during their working years, but also as an asset that can be sold to fund their retirement. And while many businesses can build up substantial value over the years, the downside is that, when that value is realized upon the sale of the business, a large amount of it is treated as taxable income.
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Abnormal Returns
MAY 29, 2024
Podcasts Barry Ritholtz talks with Carl Richards about the behavior gap and how to avoid it. (ritholtz.com) Shane Parrish talks with Morgan Housel author of "Same as Ever: A Guide to What Never Changes." (youtube.com) Amy Arnott and Christine Benz talk with Jamila Souffrant author of "Your Journey to Financial Freedom: A Step-by-Step Guide to Achieving Wealth and Happiness.
Calculated Risk
MAY 29, 2024
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 5.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 24, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 5.7 percent on a seasonally adjusted basis from one week earlier.
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
MAY 29, 2024
FSI Wealth Management, a San Diego, Calif.-based team with $215 million in assets, is joining LPL from Securities America, in the wake of Osaic's integration and rebranding efforts.
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
MAY 29, 2024
Inflation and wages are kind of a chicken or egg issue. Do higher prices cause higher wages or do higher wages cause higher prices? I suppose it’s probably a little of both. There is an obvious relationship when you look at the data. Here’s a look at year-over-year wage growth versus trailing twelve-month inflation going back to 1965: Wages grow faster than prices most of the time, but not always.
Wealth Management
MAY 29, 2024
Steward Partners' Jim Gold details the major trends in the industry, including the future of hybrid RIAs, the impact of private equity and concerns about succession planning.
Trade Brains
MAY 29, 2024
India’s transformation, from rural landscapes to bustling metropolises, is fueled not just by ambition, but by the invisible hand of electrical engineering components. These, often unnoticed, form the backbone of our nation’s progress. The electricity that illuminates our houses, propels our industries and keeps our cities humming doesn’t simply appear at the flick of a switch.
Wealth Management
MAY 29, 2024
Wealthcare Capital Partners aims “to meet the needs of select advisors interested in joining Wealthcare.” It has already recruited a Towson, Md.-based advisor with nearly $141 million in assets.
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
MAY 29, 2024
Gas prices inched down for a fifth straight week to their lowest level since the beginning of April. As of May 27th, the prices of regular and premium gas each fell 1 cent from the previous week. The WTIC end-of-day spot price for crude oil closed at $79.82, up 0.7% from last week.
Wealth Management
MAY 29, 2024
GalwayPlus will be an “ecosystem” that links together businesses across Galway Holdings to better serve sports and entertainment clients.
Random Roger's Retirement Planning
MAY 29, 2024
A Cliff Clavin footnote to start is that the Kansas song is called Carry on Wayward Son, not my wayward son, obviously the lyrics include the word my but not the title. The ReturnStacked US Stocks & Futures Yield ETF (RSSY) starts trading on the CBOE on Wednesday. We've taken a couple of looks at carry as an investment strategy and hopefully we can dig in a little deeper to learn more.
Wealth Management
MAY 29, 2024
Buyers and sellers must commit to one another through good and bad market cycles, knowing that a divorce could be messy and expensive.
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Advisor Perspectives
MAY 29, 2024
The "Rule of 150," or Dunbar’s Number, popularized by British anthropologist Robin Dunbar, suggests that individuals can effectively maintain only about 150 stable relationships. Applying this principle to financial advising can help advisors manage their client networks more efficiently.
Wealth Management
MAY 29, 2024
Spain & Smith Wealth Advisors will be led by veteran Henry “Hank” Spain, who was most recently with Carnegie Investment Counsel. He’s joined by Dayna Smith, who comes from Frank Legan Advisors at Cedar Brook Group, an RIA affiliated with Cadaret Grant.
MainStreet Financial Planning
MAY 29, 2024
My sister is getting married this fall to the love of her life, and I am so excited to celebrate them! As she began wedding planning, she decided that a destination wedding was what they wanted and chose to get married in Mexico. As the matron of honor, I’ve learned a lot about planning a destination wedding and wanted to share a few tips that could help you or a friend or family member who is planning or considering a destination wedding.
Wealth Management
MAY 29, 2024
The Financial Advisory Group has seven advisors and 14 support staff, and represents WEG’s fifth acquisition this year.
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
MAY 29, 2024
Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 2.2% Below Peak Excerpt: It has been 18 years since the bubble peak. In the March Case-Shiller house price index released on Tuesday, the seasonally adjusted National Index (SA), was reported as being 72% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 10% above the bubble peak (and historically there has been an upward slope to real house prices).
Wealth Management
MAY 29, 2024
The iShares Bitcoin Trust has attracted the greatest inflow since going live, $16.5 billion, while investors have pulled $17.7 billion from the Grayscale fund over the same period.
Calculated Risk
MAY 29, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 218 thousand initial claims, up from 215 thousand last week. • Also at 8:30 AM, Gross Domestic Product, 1st quarter 2023 (Second estimate). The consensus is that real GDP increased 1.2% annualized in Q1, down from the advance estimate of 1.6%. • At 10:00 AM, Pending Home Sales Index for April.
Wealth Management
MAY 29, 2024
Tax Court finds inapplicability of IRC 2519 and lack of gift tax liability.
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Advisor Perspectives
MAY 29, 2024
Fifth district manufacturing activity improved but remained sluggish in May, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index rose to 0 this month from -7 in April, ending the streak of 6 consecutive negative readings. This month's reading was better than the forecast of -6.
Wealth Management
MAY 29, 2024
The push to fundraise from wealthy individuals is turning managers into high-end concierge services.
Steve Sanduski
MAY 29, 2024
Guest: Tom Rieman, the Founding Partner and CEO of Practice Intel , a company dedicated to empowering advisors to deliver truly impactful advice. Tom has held leadership roles at J. D. Power and Associates, Brinker Capital, and J. P. Morgan Asset Management. In a Nutshell: Tom and I explore three themes that are crucial to all advisors’ success: organic growth; bridging the advice-experience gap between what your clients want and what you’re delivering; and what an ideal advice exper
Wealth Management
MAY 29, 2024
Understanding the outsized influence of Gen Z.
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
MAY 29, 2024
You might think that having an ADA-compliant website is only about adhering to legal requirements, but it can actually help your firm grow.
Wealth Management
MAY 29, 2024
Tax cuts aren't cures the nation's tax issues.
Advisor Perspectives
MAY 29, 2024
Goldman Sachs Group Inc. has put together $21 billion for private credit wagers, its biggest war chest yet for Wall Street’s buzziest asset class.
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