Abnormal Returns
JULY 12, 2024
The biz How a podcast network makes money. (linkedin.com) Spotify ($SPOT) has a bundling problem. (vox.com) Global Tyler Cowen talks with Brian Winter discuss the politics and economics of nearly every country from the equator down. (conversationswithtyler.com) Russell Napier talks with Harold James, author of "Seven Crashes: The Economic Crises That Shaped Globalisation.
Nerd's Eye View
JULY 12, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that at a time when employee retention has heightened importance for advisory firms given the ongoing competition for advisor talent, recent studies indicate that factors such as firm culture and leadership, as well as providing advisors with a sense of autonomy, can play important roles in building advisor loyalty to the firm.
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A Wealth of Common Sense
JULY 12, 2024
Charley Ellis wrote a great book about the index fund revolution back in 2016. One of my favorite parts of the book is where Ellis looks at how Wall Street has changed in the past 50 years: MBAs were uncommon. PhDs were never seen. Commissions still averaged 40 cents a share. All trading was paper based. Messengers with huge black boxes on wheels, filled with stock and bond certificates, scurried from broker to broker tr.
Calculated Risk
JULY 12, 2024
The BLS reported yesterday: The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 3.3 percent over the last 12 months to an index level of 308.163 (1982-84=100). For the month, the index increased 0.1 percent prior to seasonal adjustment. CPI-W is the index that is used to calculate the Cost-Of-Living Adjustments (COLA).
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.
Alpha Architect
JULY 12, 2024
An efficient way to improve the expected performance of an equity strategy would be to systematically exclude penny stocks, as well with high asset growth and extreme past returns, especially if they have low profitability (and exclude funds that don’t screen out such stocks). Explaining the Performance of Low-Priced Stocks: The Penny Stock Anomaly was originally published at Alpha Architect.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Advisor Perspectives
JULY 12, 2024
Wholesale inflation unexpectedly rose last month. The producer price index for final demand increased 0.2% month-over-month (s.a.). On an annual basis, headline PPI accelerated from 2.4% in May to 2.6% in June.
Wealth Management
JULY 12, 2024
The Callot Wealth Management Group is led by David Callot, a Paramus, N.J.-based advisor who spent more than 30 years with the wirehouse before moving to RBC.
Sara Grillo
JULY 12, 2024
Question from a subscriber: “ I want to start writing articles as a guest blogger to attract new clients. How do I get started?” Guest blogging is when you write a blog on a one-time or periodic basis for a publication as a way to get known as an expert in a particular subject. You do this as a non-staff writer, or guest writer. Although you usually are not paid for guest blogging, you get exposure to the periodical’s audience – often in the tens of thousands.
Wealth Management
JULY 12, 2024
The team, led by father and daughter Bruce Glenn and Kristina Strickland, joins Summit Financial Networks, a super OSJ run by Marshall Leeds.
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.
Calculated Risk
JULY 12, 2024
Today, in the Calculated Risk Real Estate Newsletter: 2nd 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 second look at several early reporting local markets in May. I’m tracking over 40 local housing markets in the US.
Wealth Management
JULY 12, 2024
The Apollo co-founder has sold or gifted 9.1 million shares of his multibillion-dollar stake since January, the most in a calendar year since the private equity firm went public more than a decade ago.
Calculated Risk
JULY 12, 2024
From BofA: Since our last weekly publication, 2Q GDP tracking is up one-tenth to 2.0% q/q saar. The increase largely results from a lower-than-expected June CPI print. [July 12th estimate] emphasis added From Goldman: We lowered our Q2 GDP forecast to +1.8% (qoq ar). [July 8th estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 2.0 percent on July 10, up from 1.5 percent on July 3.
Wealth Management
JULY 12, 2024
Sometimes, what seems like the most straightforward task can end up the most difficult and meaningful.
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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
JULY 12, 2024
Consumer sentiment dropped to an 8-month low in July according to the preliminary report for the Michigan Consumer Sentiment Index. The index fell 2.2 points (-3.2%) from June's final reading to 66.0. The latest reading was below the forecast of 68.5.
Wealth Management
JULY 12, 2024
Interval funds continue to raise cash from investors, and new managers are launching products at a brisk pace.
Advisor Perspectives
JULY 12, 2024
Demand for alternatives has spotlighted convertible arbitrage for portfolio diversification and risk-adjusted returns, after decades of underappreciation. Advisors must understand these strategies to effectively guide clients in the evolving market.
Wealth Management
JULY 12, 2024
Caribou's Christine Simone details how healthcare planning can differentiate advisors.
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
Sara Grillo
JULY 12, 2024
A “short” is a video, usually on social media platforms, under two minutes that is designed to “pop.” It’s kind of like a highlight reel. They are created to garner high emotional impact and lots of energy delivered in a condensed period of time. These videos are usually edited down from a longer video. So […] To access this post, you must purchase Membership Prime Portal.
Wealth Management
JULY 12, 2024
Neil McLaughlin, RBC's longtime head of its personal and commercial banking division, is moving to a new role as chief of wealth management.
Sara Grillo
JULY 12, 2024
Question from a subscriber: “ What is the best way to tell a prospect that they are not a good fit? “ 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.
Advisor Perspectives
JULY 12, 2024
The S&P 500 posted a near perfect week with gains every day except Thursday. The index has now moved higher 8 of its last 9 trading days. The index is currently up 18.40% year to date and has recorded a new all-time high 37 times this year.
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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.
Truemind Capital
JULY 12, 2024
The tortoise won the race over the hare because it was consistent. Many people often ignore the power of consistency but those who follow, see remarkable success in life. People want to get rich quickly. The media also highlights the story of sudden riches, flamboyance & extravagant splurges. Whereas for a common person, the chances of success are much higher if only they are going through a boring everyday grind, silently climbing up the ladder, consistently saving and investing to benefit
Advisor Perspectives
JULY 12, 2024
The economy is off to a strong start in 2024, with a strong employment picture and the Dow Jones Industrial Average crossing 40,000 for the first time. But even with those tailwinds, questions about the economy and the markets remain as we head into the second half of 2024.
SEI
JULY 12, 2024
Wealth management firms can power growth by increasing productivity.
Advisor Perspectives
JULY 12, 2024
After a fruitful career and plenty of practice paying taxes, you may feel prepared for the tax man in retirement. But a review of your post-retirement taxable income may yield some surprising insights.
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!
SEI
JULY 12, 2024
SEI's second quarter market commentary.
Advisor Perspectives
JULY 12, 2024
Thursday’s wildly encouraging consumer price index report shows that the Federal Reserve should be cutting policy rates at its meeting later this month. Unfortunately, they’ll probably keep us waiting until September.
Abnormal Returns
JULY 12, 2024
Markets How have the market's five largest stocks performed over the long run? (ft.com) When junky stocks take off, look out. (scheplick.com) Finance Home insurance rates are rising all over the country. (wsj.com) Why gate a fund that is up big? (advisorhub.com) AI LLMs are in a way still looking for product-market fit. (ben-evans.com) Doctors and insurers are dueling each other with AI.
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