Abnormal Returns
AUGUST 19, 2024
Markets There is big difference between politics and policies when it comes to investing. (optimisticallie.com) 20 pandemic darlings that have yet to rebound. (investmenttalk.co) Companies Couche-Tard seeks to buy US$31 billion owner of 7-Eleven stores (bnnbloomberg.ca) Why Carl Icahn and Icahn Enterprises ($IEP) just settled with the SEC. (ft.com) How the cannabis landscape is changing.
Nerd's Eye View
AUGUST 23, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a new study indicates that while financial advisory firms are largely satisfied with their tech stacks, they take a range of approaches to applying tech: from "innovators" that invest in tech to differentiate themselves from their competition and to enhance the client experience to "operators" that invest in technology largely to improve operations and internal efficiency
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The Big Picture
AUGUST 23, 2024
This week, we speak with Ricky Sandler , the chief investment officer and the founder of Eminence Capital. Today, Eminence is a $7B global investment management organization. Sandler came to prominence as a savvy long/short investor and Eminence continues to successfully run several different Long/Short portfolios. Prior to launching Eminence, Ricky was co-founder and co-general partner of Fusion Capital Management, LLC.
Advisor Perspectives
AUGUST 20, 2024
US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates.
Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius
4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor
Abnormal Returns
AUGUST 18, 2024
Also on the site When it comes to finances, you are on your own. No one is coming to save you. (abnormalreturns.com) Top clicks this week Callie Cox, "Your portfolio’s success depends on your behavior during the wild panics." (optimisticallie.com) Big up and down days in the stock market tend to cluster. (downtownjoshbrown.com) There is nothing normal about the distribution of angel investment returns.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Big Picture
AUGUST 22, 2024
My keynote at the Greater Kansas City FPA Symposium 2024 is above. They are a great group of people, and very motivated to serve their clients. The deck is an updated version of last year’s presentation to investors at the Orlando Money Show. It has evolved into a few chapters in my upcoming book (more on that to come later). The folks attending the FPA event are all CFPs and advisors, and so I tailored the presentation to ideas they can use to better serve their clients.
A Wealth of Common Sense
AUGUST 18, 2024
After the Great Financial Crisis, everyone was trying to figure out how it would impact the coming wave of millennials entering adulthood. Millennials were getting blamed for killing everything — napkins, diamond rings, chain restaurants, motorcycles, bar soap and more. Sure, whatever. The one that never made sense to me was all the pundits predicting millennials would never buy a home or move out of big cities.
Abnormal Returns
AUGUST 23, 2024
The biz Apple ($AAPL) is losing its dominance as a podcast player. (bloomberg.com) Apple has launched a web app for podcasts. (theverge.com) The story of how Alex Cooper of “Call Her Daddy” fame went from unemployed to a nine-figure deal with SiriusXM. (readtrung.com) How Stephen West's 'Philosophize This' podcast became a hit. (substack.com) Nate Silver Jeff Ma and Rufus Peabody talk with Nate Silver author of "On the Edge.
Nerd's Eye View
AUGUST 20, 2024
Welcome everyone! Welcome to the 399th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Kelli Kiemle. Kelli is the Managing Director of Growth and Client Experience of Halbert Hargrove, an RIA based in Long Beach, California, that oversees $3.1 billion in assets under management for 750 client households. What's unique about Kelli, though, is how she leads efforts at Halbert Hargrove to maintain the firm's 4 core values and build a strong culture, even and especi
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
The Big Picture
AUGUST 20, 2024
The transcript from this week’s, MiB: Mike Greene, Simplify Asset Management , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ XXXXX insert transcript here XXXXX ~~~ The post Transcript: Mike Greene, Simplify Asset Management appeared first on The Big Picture.
A Wealth of Common Sense
AUGUST 20, 2024
There’s plenty of investment advice out there based on what one must do to be successful. You don’t see many people who take the opposite approach and talk about what you shouldn’t do. There are many ways to succeed as an investor but only a few avenues to failure. Here are some surefire ways to make poor investment decisions: 1. Pretend you’re smarter than the market.
Abnormal Returns
AUGUST 22, 2024
Books An excerpt from Brooke Harrington’s forthcoming book, "Offshore: Stealth Wealth and the New Colonialism." (theatlantic.com) An excerpt from “Gray Matters: A Biography of Brain Surgery,” by Dr. Theodore H. Schwartz. (wsj.com) An excerpt from "The Happiness of Dogs: Why the Unexamined Life Is Most Worth Living" by Mark Rowlands. (theguardian.com) A Q&A with Julie McFadden author of "Nothing to Fear: Demystifying Death to Live More Fully.
Wealth Management
AUGUST 23, 2024
According to the federal complaint calling for a class action, the firm’s policies “maximize profits for UBS while at the same time disregarding its clients’ best interests.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.
Nerd's Eye View
AUGUST 22, 2024
As advisory firm websites have become crucial to the prospecting pipeline, displaying fees can present a delicate challenge for advisors. On the one hand, displaying fees can help a client determine whether an advisor will fit into their budget and may build trust when an advisor demonstrates transparency by explaining how their fee applies to their value proposition; on the other hand, even with a clear explanation, prospects may find it difficult to understand exactly how the value of an advic
A Wealth of Common Sense
AUGUST 23, 2024
In December 2020 I wrote a short history of chasing the best performing funds. At the time, Cathie Wood’s ARK Innovation fund was on fire, absolutely destroying the market: Wood quickly became one of the most famous fund managers alive. She was in the headlines every day. Her stock picks and pronouncements about the future were reported by every financial media publication in the country.
Abnormal Returns
AUGUST 19, 2024
Podcast Jim Dahle talks with Michael Kitces talk about the state of the financial planning business. (whitecoatinvestor.com) Daniel Crosby talks with Charles Eckhart, co-founder of Cathexis Group, about family wealth dynamics. (standarddeviationspod.com) Advisor tech VCs are betting big that Savvy Wealth can use AI to upend the RIA business model. (riabiz.com) Vanilla raised another round of capital.
Advisor Perspectives
AUGUST 20, 2024
Oil, copper, soybeans and a handful of others monopolized the attention — but of all commodities, the humble lump of iron ore benefited the most from the Chinese economic boom of the last 25 years.
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Wealth Management
AUGUST 20, 2024
The more than $50 million investment in Bleakley will help the hybrid RIA launch an equity ownership program for its advisors and enter the M&A game.
A Wealth of Common Sense
AUGUST 22, 2024
Callie Cox, our new Chief Market Strategist at Ritholtz Wealth, joined me on the show this week to discuss questions about the potential for a recession, what the Fed should do now, going all in on the Nasdaq 100 in your retirement accounts and how markets move in off hours. Further Reading: What’s the Worst Long-Term Return For U.S. Stocks? 1Taxes and fees are excluded as well, of course.
Abnormal Returns
AUGUST 18, 2024
Markets It's not your imagination, market moves are getting faster. (awealthofcommonsense.com) Why bonds are now a better diversifier than they were a couple years ago. (sherwood.news) Companies What's wrong with Starbucks ($SBUX)? (wsj.com) Investors are still paying up for AI exposure. (tomtunguz.com) What do you get when you buy a share of Berkshire Hathaway ($BRK.B)?
Advisor Perspectives
AUGUST 22, 2024
The latest Kansas City Fed Manufacturing Survey composite index did not decline as much in August following a sharper decline last month. The composite index came in at -3, up from -13 in July. Meanwhile, the future outlook increased to 8.
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Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!
Discipline Funds
AUGUST 22, 2024
Here are some things I think I am thinking about this week: 1) That BIG Employment Revision. The biggest news of the week was the -818K employment revision for 2024. This was the biggest revision since 2009 and very large by any measure. For perspective, here are the most recent revisions: 2018: +43K 2019: -501K 2020 -173K 2021: -165K 2022: +462K 2023: -306K Oh boy, the tinfoil hat guys are gonna have a field day with this one.
Wealth Management
AUGUST 23, 2024
Advisor Katie Medina and her team launch TOVA Wealth, with Sanctuary's support, while John Terrion leaves Merrill to join RBC's Boulder, Colo. office.
Abnormal Returns
AUGUST 20, 2024
Insiders Corporate insiders are playing games with how they are reporting their stock sales. (bloomberg.com) How corporate insiders get away with insider trading while following the rules. (papers.ssrn.com) Corporate finance How inclusion in a benchmark can affect subsequent corporate investment. (papers.ssrn.com) Nobody wants to talk about diversity on conference calls any more.
Advisor Perspectives
AUGUST 19, 2024
The Conference Board Leading Economic Index (LEI) decreased in July to its lowest level since April 2020. The index fell 0.6% from the previous month to 100.4, marking its fifth consecutive monthly decline.
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!
NAIFA Advisor Today
AUGUST 22, 2024
David Wood’s journey in the financial services industry is a testament to dedication, vision, and an unwavering commitment to growth. Based in Marlborough, CT, Wood has been a loyal member of the National Association of Insurance and Financial Advisors (NAIFA) since 2024, though his connection to the field dates back to the 1990s. As the founder and principal of Gateway Financial Partners, Wood’s career is a blend of pioneering spirit and deep-rooted advocacy.
Wealth Management
AUGUST 20, 2024
A bold attempt to tackle the housing crisis and address economic disparities through a combination of housing initiatives and tax reforms
Abnormal Returns
AUGUST 22, 2024
Strategy Successful investors have a long time horizon. (awealthofcommonsense.com) An example of overconfidence and leverage. (novelinvestor.com) Finance The VC boom of the early 2020s is showing up in historically bad performance. (sherwood.news) Credit card companies are adding additional perks like lounges at concert venues. (wsj.com) The popularity of sports gambling as a market failure.
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