This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The BEA released the Personal Income and Outlays report for March: Personal income increased $122.0 billion (0.5 percent at a monthly rate) in March , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes, increased $104.0 billion (0.5 percent) and personal consumption expenditures (PCE) increased $160.9 billion (0.8 percent).
Top clicks this week TIPS are on sale. Time to buy. (morningstar.com) Why everyone in finance seems to be doing deadlifts. (wealthmanagement.com) Franklin Templeton ($BEN) is moving aggressively beyond stocks and bonds. (wsj.com) 15 more ideas from Seth Klarman's "Margin of Safety" including 'Investment must be thought of as more than stock selection or making a series of solid individual investment decisions.
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Department of Labor released the final version of its Retirement Security Rule (a.k.a. the Fiduciary Rule 2.0), which is set to go into effect in September and (if it survives anticipated legal challenges) would represent a significant shift toward greater fiduciary standards in the financial services industry, including by defining as a fiduciary act a one-time recomm
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through March 2024. CPI Shelter was up 5.6% year-over-year in March, down from 5.8% in February, and down from the cycle peak of 8.2% in March 2023. Housing (PCE) was up 5.8% YoY in March , down slightly from 5.8% in January, and down from the cycle peak of 8.3% in April 2023.
The rule, which takes effect in September, “protects the retirement investors from improper investment recommendations and harmful conflicts of interest,” according to Acting Labor Secretary Julie Su.
Rates Allan Sloan, "Don’t fall in love with your money fund." (barrons.com) You likely don't need a long-term bond fund. (wsj.com) Strategy The market's most important lessons have to be experienced. (microcapclub.com) No portfolio strategy is perfect. (rogersplanning.blogspot.com) Financial trends reverse just when they seem inevitable. (humbledollar.com) Companies Why Boeing ($BA) took its eye off manufacturing quality.
Rates Allan Sloan, "Don’t fall in love with your money fund." (barrons.com) You likely don't need a long-term bond fund. (wsj.com) Strategy The market's most important lessons have to be experienced. (microcapclub.com) No portfolio strategy is perfect. (rogersplanning.blogspot.com) Financial trends reverse just when they seem inevitable. (humbledollar.com) Companies Why Boeing ($BA) took its eye off manufacturing quality.
Over the past few decades, advicers have used Monte Carlo analysis tools to communicate to clients if their assets and planned level of spending were sufficient for them to realize their goals while (critically) not running out of money in retirement. More recently, however, the Monte Carlo "probability of success/failure" framing has attracted some criticism, as it can potentially alter the way that a client perceives risk, leading them to make less-than-ideal decisions.
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 19, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.7 percent on a seasonally adjusted basis from one week earlier.
Books An excerpt from "Fluke: Chance, Chaos, and Why Everything We Do Matters" by Brian Klaas. (behavioralscientist.org) An excerpt from "The Age of Grievance" by Frank Bruni. (theatlantic.com) A Q&A with Erin A. Cech author of "The Trouble with Passion: How Searching for Fulfillment at Work Fosters Inequality." (annehelen.substack.com) An excerpt from "Alpine Rising: Sherpas, Baltis, and the Triumph of Local Climbers in the Greater Ranges" by Bernadette McDonald.
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
Broadly speaking, there are 2 models of working as a financial advisor: operating independently as a firm owner or with a large affiliate platform such as a wirehouse broker-dealer, independent broker-dealer, or larger corporate RIA. Deciding which model to work under is a key moment in beginning or evolving a career as an advisor. In the independent model, owners/advisors are generally paid directly by the clients they serve, and they select and pay for the vendors, services, and employees that
From the National Center for Health Statistics: Births: Provisional Data for 2023. The NCHS reports: The provisional number of births for the United States in 2023 was 3,591,328, down 2% from 2022. The general fertility rate was 54.4 births per 1,000 females ages 15–44, down 3% from 2022. The total fertility rate was 1,616.5 births per 1,000 women in 2023, a decline of 2% from 2022.
Banking The number of bank branches in the U.S. peaked in 2012. (sherwood.news) Where SVB's business stands as JP Morgan ($JPM) looks to make inroads. (bloomberg.com) ETFs Where active ETFs are growing fastest. (morningstar.com) The iShares Bitcoin ETF ($IBIT) is a runaway hit. (theblock.co) Retail investors trade leveraged ETFs way too much. (klementoninvesting.substack.com) TikTok The clock is now ticking for a TikTok divestiture.
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.
A quick note on the state of the economy in light of some recent data. Q1 2024 Gross Domestic Product expanded at a disappointing 1.6% — note this is seasonally and inflation-adjusted annual rate. That lagged economists’ consensus of 2.4%. However, it’s not quite all it appears. Some of this is that “long and variable lag” of higher rates starting to bite — but it’s not just that.
As of December 2023, looking at the "dot plot" , most FOMC participants expected between 2 and 4 rate cuts in 2024: As of Dec 2023 Meeting 25 bp Rate Cuts FOMC Members No Change 2 One Rate Cut 1 Two Rate Cuts 5 Three Rate Cuts 6 Four Rate Cuts 4 More than Four 1 As of the March 2024 meeting , FOMC participants were down to 2 to 3 rate cuts in 2024: As of Mar 2024 Meeting 25 bp Rate Cuts FOMC Members No Change 2 One Rate Cut 2 Two Rate Cuts 5 Three Rate Cuts 9 Four Rate Cuts 1 Most market partici
Advocates say RIAs have little to worry about, yet one opponent accused the DOL of waging an “ideological crusade” and said he’d recommend litigation to his board.
Markets The energy sector is still less than 4% of the S&P 500. (allstarcharts.com) What are to make of the big, and persistent, valuation disparities between large and small caps. (morningstar.com) Strategy Good luck trying to dial risk up and down at the right times. (collabfund.com) Expect to see some overconfidence tonight in Detroit. (seeitmarket.com) There's no return without risk.
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?
This week, we speak with Dr. Ed Yardeni, President of Yardeni Research , a provider of global investment strategies and asset-allocation analyses and recommendations. He previously served as Chief Investment Strategist of Oak Associates, Prudential Equity Group, and Deutsche Bank’s US equities division in New York City. He taught at Columbia University’s Graduate School of Business and was an economist with the Federal Reserve Bank of New York and at the Federal Reserve Board of Governors and t
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, Gross Domestic Product, 1st quarter 2024 (Advance estimate). The consensus is that real GDP increased 2.1% annualized in Q1, down from 3.4% in Q4. • Also at 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for 210 thousand initial claims, down from 212 thousand last week. • At 10:00 AM: Pending Home Sales Index for March.
As clients become increasingly aware of the complexities of wealth transfer, asset protection and legacy planning, they expect comprehensive guidance from their advisors.
Geopolitics A look at how geopolitical events affect the stock market. (carsongroup.com) Why we fear doing nothing during a geopolitical crisis. (behaviouralinvestment.com) Strategy Investors need to understand history and be willing to look ahead. (morningstar.com) Why people make seemingly bad financial decisions. (ofdollarsanddata.com) Companies Meta ($META) never wants to be at the mercy of Apple ($AAPL).
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
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • ‘Water is more valuable than oil’: the corporation cashing in on America’s drought : In an unprecedented deal, a private company purchased land in a tiny Arizona town – and sold its water rights to a suburb 200 miles away. Local residents fear the agreement has ‘opened Pandora’s box.’ ( The Guardian ) • Why don’t rich people eat anymore?
This is something I check occasionally. The Department of Transportation (DOT) reported : • Travel on all roads and streets changed by +2.0% (+4.8 billion vehicle miles) for February 2024 as compared with February 2023. Travel for the month is estimated to be 240.2 billion vehicle miles. • The seasonally adjusted vehicle miles traveled for February 2024 is 274.8 billion miles, a +1.4% ( +3.9 billion vehicle miles) change over February 2023.
Advisor Eric Franklin explains why the $39 million AUM firm switched from Wealthbox to Advyzon to centralize operations and why they may soon switch back.
Podcasts Carl Richards talks with Farnoosh Torabi money lessons learned. (50fires.com) Matt Ziegler talks with Justin Castelli about the intersection of life and investing. (youtube.com) Barry Ritholtz talks closet indexing with Andrew Slimmon who is Managing Director at Morgan Stanley Investment Management. (ritholtz.com) Jim Dahle talks with Britt Williams Baker, who is the co-founder of Dow Janes, a company focused on financial education for women.
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.
There was a recent poll about my home state of Michigan where they asked people for their thoughts on the state of the nation’s economy today. Just 35% of people described the economy as excellent (6%) or good (29%) while 65% described it as either not so good (28%) or poor (37%). But when asked how they would describe their own personal financial situation these days, a majority of people (61%) described their circ.
Altos reports that active single-family inventory was up 3.0% week-over-week. Inventory bottomed in mid-February this year, as opposed to mid-April in 2023, and inventory is now up 8.5% from the February bottom. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of April 19th, inventory was at 543 thousand (7-day average), compared to 526 thousand the prior week.
Podcasts Brian Portnoy talks human-centric advice with Kelsey McKenna and Zachary Conway of Seeds Investor. (youtube.com) Larry Sprung talks with Josh Brown about his path to wealth management. (mitlinmoneymindset.libsyn.com) Jordan Haynes talks with Justin Castelli about his transition into life planning, especially for financial advisers. (getelements.com) Frazer Rice talks with Christopher Holtby about the role of a directed trustee.
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.
We organize all of the trending information in your field so you don't have to. Join 36,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
324 
Let's personalize your content