Abnormal Returns
JULY 14, 2024
Top clicks this week How the rise of automated investing has changed the stock market. (awealthofcommonsense.com) Why Bill Ackman spends so much time on Twitter. (sherwood.news) The CAPM doesn't work. Maybe this measure does. (klementoninvesting.substack.com) Why young men around the world are breaking hard to the right. (politico.com) Today's constructive CPI report rang a bell for financial markets.
Nerd's Eye View
JULY 19, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that Charles Schwab and other brokerage platforms are planning to increase the interest rates they pay on client cash held in their platform or cash sweep programs, which could boost the income of clients who maintain a cash balance in their accounts.
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Carson Wealth
JULY 18, 2024
Carson Investment Research 2024 Midyear Outlook: Eyes on the Prize The economy continues to see a solid rate of expansion with low risk of a recession. We are targeting a total return for the S&P 500 of 17-20% in 2024. The Bloomberg US Aggregate Bond Index outperforms short-term Treasuries in the second half of the year. Here we sit at midyear, and many investors should be feeling pretty good.
A Wealth of Common Sense
JULY 14, 2024
Here’s a scenario I was presented with recently: Five years ago, a relatively conservative investor was sitting on some cash and seeking a more balanced portfolio. To keep things simple, this investor split the difference between stocks and bonds by allocating 50% to equities and 50% to fixed income. Five years later there is a clear winner in terms of performance within this 50/50 portfolio: You basically doubled.
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.
Abnormal Returns
JULY 16, 2024
Rates Widening deficits don't seem to be putting a crimp on Treasury funding. (wsj.com) What an inverted yield curve (still) says about the odds of a recession. (econbrowser.com) Real estate Striking out on your own these days is expensive. (housingwire.com) Evictions are on the rise in a lot of localities. (wsj.com) Economy National homebuilder confidence is soft.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
JULY 19, 2024
The outage began early Friday morning with a software update from the cybersecurity provider Crowdstrike as the likely culprit. Schwab posted on its website a message warning users of potential issues.
A Wealth of Common Sense
JULY 16, 2024
There aren’t all that many millionaires in the world. People with wealth in excess of $1 million make up just 1.5% of the world’s population. Yet this group controls nearly half of the world’s wealth (around $214 trillion in total). There are even fewer billionaires — a little less than 2,700 worldwide or a number that rounds down to 0% of the global population.
Abnormal Returns
JULY 17, 2024
Strategy Rebalance your portfolio to tame risk, not to increase returns. (morningstar.com) It's never been easier to get distracted by other people's wealth. (awealthofcommonsense.com) Finance The commercial real estate mess is well under way. (wsj.com) How Charles Schwab ($SCHW) is changing its banking business. (riabiz.com) Apple Taboola is going to sell ads for Apple ($AAPL).
Nerd's Eye View
JULY 16, 2024
Welcome everyone! Welcome to the 394th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Christi Van Rite. Christi is the Founder of White River Consultants, a firm that provides administrative family office services to 17 ultra-high-net-worth households, and is on track to generate nearly $1.5M in revenue this year from its specialized services.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Wealth Management
JULY 16, 2024
Some 64% of advisory firms have no plans to develop or use client-facing artificial intelligence, yet 46% said it was a chief compliance concern, according to the ACA Group's latest survey.
Alpha Architect
JULY 19, 2024
The amortization of volatility should be of concern for private capital asset classes. In order to properly budget for beta risks, it is critical that investors in private assets understand the amount of systemic (beta) risk that will “wash” into their private portfolios. The Impact of Amortizing Volatility across Private Investments was originally published at Alpha Architect.
Abnormal Returns
JULY 19, 2024
Markets How climate change could strand trillions in investments. (bloomberg.com) Why the stock-bond correlation matters. (mrzepczynski.blogspot.com) Companies Crowdstrike ($CRWD) has some explaining to do as the world's computers go down. (theverge.com) Google ($GOOGL) just keeps getting worse. (om.co) Have we already passed peak AI hype? (bigtechnology.com) Media Netflix ($NFLX) is unique in its ability to turn old shows into hits.
A Wealth of Common Sense
JULY 19, 2024
The Fed will likely begin cutting interest rates in the months ahead, for good reason. Last week felt like a victory against high inflation: We’ve now had no price increases on the overall inflation rate for two months.1 Some pundits still aren’t so sure it’s time to take a victory lap just yet. What about the 1970s? There was a spike in inflation at the outset of the decade, it fell, then re-accelerate.
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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.
Wealth Management
JULY 16, 2024
BlackRock’s plans to leverage its recent acquisition of Preqin to build private market ETFs have drawn skeptics, reports the Financial Times. Fortune profiled nine executives in the burgeoning private credit arena. These are among the investment must reads we found this week for wealth advisors.
Calculated Risk
JULY 17, 2024
Today, in the Calculated Risk Real Estate Newsletter: Single Family Starts Up Year-over-year in June; Multi-Family Starts Down 23% YoY A brief excerpt: Total housing starts in June were above expectations and starts in April and May were revised up. The third graph shows the month-to-month comparison for total starts between 2023 (blue) and 2024 (red).
Abnormal Returns
JULY 18, 2024
Markets A great visualization of how calm the U.S. stock had been up until this week. (sherwood.news) Legalized gambling is illegal in India, but online stock trading is not. (on.ft.com) Finance Private equity is sitting on record dry powder. (institutionalinvestor.com) No one really knows where that capital is headed. (ft.com) Private credit has plenty of capital to put to work as well.
A Wealth of Common Sense
JULY 18, 2024
A reader asks: As someone that spends too much time thinking about buying a lake house, I would love to hear your thoughts. The argument that you will feel tied down and obligated to go to the lake house at the expense of other travel worries me. A few weeks ago I wrote about my all-time high in savings and why it was a mistake. Here’s something I shared: But I no longer feel it’s necessary to go over and abov.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Wealth Management
JULY 15, 2024
InterVal's Trevor Greenway explains how advisors can solve the challenge of determining the value of small- and medium-sized business when creating a financial plan for owners.
Calculated Risk
JULY 17, 2024
From the Fed: Industrial Production and Capacity Utilization Industrial production rose 0.6 percent in June after advancing 0.9 percent in May. For the second quarter as a whole, industrial production increased at an annual rate of 4.3 percent. Manufacturing output moved up 0.4 percent in June and rose 3.4 percent (annual rate) in the second quarter.
Abnormal Returns
JULY 16, 2024
Managed futures Why managed futures stand out among hedge fund strategies. (mrzepczynski.blogspot.com) Comparing the correlation benefits of managed futures vs. market-neutral multi-factor investing. (insights.finominal.com) Michael and Ben talk with Eric Crittenden of Standpoint Funds. (awealthofcommonsense.com) Research What role do commodities play in a portfolio?
Advisor Perspectives
JULY 18, 2024
The Conference Board Leading Economic Index (LEI) decreased in June to its lowest level since April 2020. The index fell 0.2% from the previous month to 101.1, its smallest monthly decline in the past four months.
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
Wealth Management
JULY 17, 2024
With a massive transfer of money to younger generations looming, a new report says the financial services industry needs to change how it connects with Gen Z and millennials.
Calculated Risk
JULY 13, 2024
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • 2nd Look at Local Housing Markets in June • Part 1: Current State of the Housing Market; Overview for mid-July 2024 • A Discussion of the Housing Market with Lance Lambert (ResiClub) • Fannie and Freddie: Single Family Serious Delinquency Rate Decreased in May, Multi-family Increased Slightly • 1st Look at Local Housing Markets in June This is usually published 4 to 6 times a week and provides more in-dep
Abnormal Returns
JULY 19, 2024
Listening Podcasting app Overcast just turned 10 years old. (sixcolors.com) Matt Reustle and Dom Cooke talk podcast monetization with Matthew Sherry who is the Co-Founder and CEO of Platform Media. (joincolossus.com) Startups Logan Bartlett talks with Eric Glyman, CEO of Ramp. (theloganbartlettshow.simplecast.com) Jim O'Shaughnessy talks the metaverse and more with Matthew Ball, CEO of Epyllion.
Advisor Perspectives
JULY 16, 2024
In short, your prospect isn’t looking for a relationship, they’re looking for someone to solve their problem. As a result, trying to build a relationship pre-sale invites the two-pronged consequence of having them doubt your motives and then reject your plan.
Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor
During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.
Wealth Management
JULY 17, 2024
When Martine Lellis woke up from a coma doctors didn’t think she’d come out of, she was given a new lease on life, and it has fueled her passion for making bold, compassionate choices in the financial services industry.
Calculated Risk
JULY 18, 2024
What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For June, Realtor.com reported inventory was up 36.7% YoY, but still down 32.4% compared to April 2017 to 2019 levels. Now - on a weekly basis - inventory is up 35.8% YoY. Realtor.com has monthly and weekly data on the existing home market.
Abnormal Returns
JULY 15, 2024
Markets When it comes to markets, speed isn't always better. (forkingpaths.co) Europe's luxury good stocks have had a good decade. (sherwood.news) Asset management Asset managers are seeing falling profitability. (institutionalinvestor.com) Goldman Sachs' ($GS) asset and wealth management division saw a boost in revenue. (cnbc.com) Funds The outskirts of the ETF industry are growing and getting weirder.
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