Wealth Management
MAY 1, 2024
The Federal Trade Commission's move to outlaw these clauses in contracts could affect millions of Americans. But litigation against the ban is already in motion.
Abnormal Returns
MAY 1, 2024
April 2024 The S&P 500 lost 4.08% in April 2024. (on.spdji.com) How major asset classes performed in April 2024. (capitalspectator.com) Hedge funds are overexposed to momentum. (ft.com) Strategy Catalysts matter. Good luck identifying them. (behaviouralinvestment.com) How to think about debt. (collabfund.com) Markets have to clear. (fortunesandfrictions.com) Companies Berkshire Hathaway ($BRK.A) owners can thank Todd Combs and Ted Weschler for the Apple ($AAPL) investment.
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Wealth Management
MAY 1, 2024
Guidelines for taking a deeper look at the ways your firm is leveraging each system and how they all work together.
Abnormal Returns
MAY 1, 2024
Podcasts Christine Benz and Amy Arnott talk with Meir Statman author of "A Wealth of Well-Being: A Holistic Approach to Behavioral Finance." (morningstar.com) Justin Carbonneau and Jack Forehand talk with Jared Dillian author of "No Worries: How to Live a Stress-Free Financial Life." (youtube.com) Peter Lazaroff talks with Sara Gelsheimer, Senior Wealth Manager at Plancorp, about the unique planning needs for women who are primary breadwinners.
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
Wealth Management
MAY 1, 2024
The agency hopes to renew interest in alternate dispute resolution options.
Nerd's Eye View
MAY 1, 2024
A little over 20 years ago, when the Internet was still just a few years into gaining widespread use, the SEC understood its potential to transform how financial advisory firms conducted business with the ability to deliver advice digitally, lowering the barriers to serve clients across the country. However, the challenge for firms that wanted to use their websites to advise clients, but didn't otherwise qualify for SEC registration, was that they would ostensibly need to register in all 50 stat
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Calculated Risk
MAY 1, 2024
Wards Auto released their estimate of light vehicle sales for April: U.S. Light-Vehicle Sales Trudge Along with Tepid Growth in April (pay site). Affordability continued to dominate the sales mix as gains in entry-price CUV and car segments more than offset downturns recorded in most other segments. While the SAAR and the daily selling rate were up, raw volume declined year-over-year due to April 2024 having one fewer selling day than in 2023.
Wealth Management
MAY 1, 2024
While corporate pension plans have adopted alternative investment options, such as private equity and credit, 401(k) plan managers face big obstacles to accessing the space, Cerulli survey shows.
Calculated Risk
MAY 1, 2024
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 26, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.3 percent on a seasonally adjusted basis from one week earlier.
Wealth Management
MAY 1, 2024
Ethan Campbell of Stones River Wealth Management in Woodbury, Tenn., is the latest to join $31.5 billion Private Advisor Group.
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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.
Calculated Risk
MAY 1, 2024
From the BLS: Job Openings and Labor Turnover Summary The number of job openings changed little at 8.5 million on the last business day of March, the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires changed little at 5.5 million while the number of total separations decreased to 5.2 million. Within separations, quits (3.3 million) and layoffs and discharges (1.5 million) changed little. emphasis added The following graph shows job openings (black line), hires (
Wealth Management
MAY 1, 2024
The IBD has deployed about $400 million in capital across 27 deals since launching the liquidity and succession program.
Calculated Risk
MAY 1, 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 210 thousand initial claims, up from 207 thousand last week. • Also at 8:30 AM: Trade Balance report for March from the Census Bureau. The consensus is the trade deficit to be $68.8 billion.
Wealth Management
MAY 1, 2024
Tru will operate as a separate entity from Sanctuary, maintaining its brand and leadership team.
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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?
Calculated Risk
MAY 1, 2024
From the Census Bureau reported that overall construction spending increased: Construction spending during March 2024 was estimated at a seasonally adjusted annual rate of $2,083.9 billion, 0.2 percent below the revised February estimate of $2,087.8 billion. The March figure is 9.6 percent above the March 2023 estimate of $1,901.4 billion. emphasis added Private spending decreased and public spending increased: Spending on private construction was at a seasonally adjusted annual rate of $1,600.8
Wealth Management
MAY 1, 2024
Brian Hughes has had a 30-year career in financial services, most recently as founder and president of wealth management consultancy Hughes Growth Strategies.
Calculated Risk
MAY 1, 2024
Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in March; Up 6.6% Year-over-year A brief excerpt: On a year-over-year basis, the National FMHPI was up 6.6% in March, up from up 6.5% YoY in February. The YoY increase peaked at 19.1% in July 2021, and for this cycle, bottomed at up 0.9% YoY in April 2023. As of March, 11 states and D.C. were below their previous peaks, Seasonally Adjusted.
Wealth Management
MAY 1, 2024
Open, honest and candid discussion about the DOL fiduciary rule, RIA M&A, the Callan study, 401GO funding and more.
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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.
Calculated Risk
MAY 1, 2024
From ADP: ADP National Employment Report: Private Sector Employment Increased by 192,000 Jobs in April; Annual Pay was Up 5.0% Private sector employment increased by 192,000 jobs in April and annual pay was up 5.0 percent year-over-year, according to the April ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”).
Wealth Management
MAY 1, 2024
Certified advisors differentiate themselves by being equipped to offer comprehensive services that address complex client needs.
Calculated Risk
MAY 1, 2024
(Posted with permission). The ISM manufacturing index indicated expansion. The PMI® was at 49.2% in April, down from 50.3% in March. The employment index was at 48.6%, up from 47.4% the previous month, and the new orders index was at 49.1%, down from 51.4%. From ISM: anufacturing PMI® at 49.2% April 2024 Manufacturing ISM® Report On Business® Economic activity in the manufacturing sector contracted in April after one month of expansion following 16 consecutive months of contraction, say the nati
Wealth Management
MAY 1, 2024
Ninth Circuit affirms holding that a history of lending is not determinative of tax treatment of subsequent intrafamily wealth transfers.
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
MAY 1, 2024
The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) fell to 49.2 in April from 50.3 in March. The latest figures draws the index back into contraction territory after expanding for one month. The April reading was below the forecast of 50.0.
Wealth Management
MAY 1, 2024
Transcript of Episode 104 of 401(k) Real Talk.
Discipline Funds
MAY 1, 2024
Wednesday’s Fed decision was largely unsurprising. But the most important data point of the day came long before the Fed decision. The latest JOLTS report showed the lowest levels of quits since early 2018 when Core PCE inflation was around 2%. This is an interesting data point because the quit rate has tended to be a good measure of labor market tightness.
A Wealth of Common Sense
MAY 1, 2024
Today’s Animal Spirits is brought to you by YCharts: See here for the YCharts report builder and proposal capabilities to save time and add value to client relationships! On today’s show, we discuss: 30 years of financial market returns Cathie Wood’s popular ARK funds are sinking fast Young Americans are getting left behind by rising home prices, higher stocks Vanguard: How America Saves Five thing.
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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.
Advisor Perspectives
MAY 1, 2024
The ADP employment report revealed that 192K nonfarm private jobs were added in April, a slowdown from the 208K private jobs added in March. The latest reading came in higher than the expected 179K addition of new private jobs.
Random Roger's Retirement Planning
MAY 1, 2024
Over the last few months we've taken a couple of looks at the Stone Ridge Life Cycle suite of mutual funds. The quick and dirty on them is that they annuitize fund assets when holders turn 80 years old. They are issued for each year so if you were born in 1959, you buy the fund for that birth year and then at 80, you're locked in. The funds pay out like an annuity and then at age 100, the remaining assets are split among fundholders who are still alive.
Advisor Perspectives
MAY 1, 2024
Here is the latest update of a popular market valuation method, Price-to-Earnings (P/E) ratio, using the most recent Standard & Poor's "as reported" earnings and earnings estimates, and the index monthly average of daily closes for the past month. The latest trailing twelve months (TTM) P/E ratio is 26.6 and the latest P/E10 ratio is 33.0.
Alpha Architect
MAY 1, 2024
Do-It-Yourself trend-following asset allocation weights for the Robust Asset Allocation Index DIY Trend-Following Allocations: May 2024 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
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