Wealth Management
AUGUST 2, 2023
In a new risk alert, SEC examiners stressed that firms have appropriate staffing to comply with AML regulations, especially after the wave of sanctions following Russia’s invasion of Ukraine.
Calculated Risk
JULY 31, 2023
From the Federal Reserve: The July 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices The July 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the second quarter of 2023.
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The Big Picture
AUGUST 3, 2023
Source: Madison Trust The post Who Are the World’s Largest Land Owners? appeared first on The Big Picture.
Nerd's Eye View
AUGUST 4, 2023
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that credit ratings agency Fitch on Tuesday downgraded its assessment of the U.S. government's creditworthiness from an AAA rating to AA+. While the downgrade has made headlines and might be startling to advisory clients (particularly those with significant portfolio allocations to U.S.
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
AUGUST 4, 2023
California-based Litman Gregory has completed its second acquisition under parent company iM Global Partner in a bid to become a national RIA.
Calculated Risk
AUGUST 4, 2023
The headline jobs number in the July employment report was slightly below expectations, however, employment for the previous two months was revised down by 49,000, combined. The participation rate was unchanged, and the employment population ratio increased slightly, and the unemployment rate decreased to 3.5%. Leisure and hospitality gained 17 thousand jobs in July.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Nerd's Eye View
AUGUST 2, 2023
Adoption, the social and legal process in which an adult is formally made the parent of another individual (typically a child), helps fill a critical need in society: to unite children who need loving families with those who want to raise children. At the same time, adoption can be expensive, with costs that can add up to $70,000 or more. Which means that financial advisors can play an important role in adoption planning – helping clients strategically plan for the costs involved in the pr
Wealth Management
AUGUST 4, 2023
Focus Financial co-founders Rajini Kodialam and Lenny Chang are leaving their executive roles at the firm, according to a source, and CEO Rudy Adolf may not be far behind.
Calculated Risk
AUGUST 2, 2023
The BEA released their estimate of vehicle sales for July today. This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the July 2023 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019.
Abnormal Returns
AUGUST 4, 2023
Audio YouTube is working on being able to dub any language into another. (restofworld.org) Why it's inevitable the streaming services will welcome AI music. (honest-broker.com) Interviewing Russell Sherman talks with Barry Ritholtz about what he has learned through 500 episodes of the 'Masters in Business' podcast. (ritholtz.com) Matt Breitfelder, Partner and Global Head of Human Capital at Apollo, talks with Ted Seides about having better conversations.
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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.
Nerd's Eye View
JULY 31, 2023
Many financial advisors who launch solo advisory firms do so with the intention of adding more employees once the firm becomes big enough to support them. And while conceptually it makes sense that the firm will be ready to hire its first employee at some point, in practice, there often isn't a lot of clarity about the right time to actually make an initial hire.
Wealth Management
AUGUST 1, 2023
A large body of evidence demonstrates that market forecasts from 'gurus' have no value in terms of adding alpha.
The Big Picture
AUGUST 2, 2023
My mid-week morning Plane reads: • A Generational Change : People view bonds as competition for stocks as a bad thing. But it’s not.( Irrelevant Investor ) see also Stocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99 : Fixed income underwhelms as Teflon economy strands bears More than half of JPMorgan clients now see no recession. ( Bloomberg ) • Local Malls, Stuck in ‘Death Spiral,’ Plunge in Value Crystal Mall in Connecticut, worth $150 million in 2012, recently sold for $9.5 mill
Abnormal Returns
AUGUST 4, 2023
Strategy Why you can't hedge inflation in the short run. (whitecoatinvestor.com) A Q&A with William Bernstein author of "The Four Pillars of Investing." (wsj.com) Don't confuse collectibles with investments. (investmentnews.com) Apple Services and wearables are the standouts for Apple ($AAPL). (sixcolors.com) Why Apple ($AAPL) is shifting iPhone production to India.
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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
AUGUST 2, 2023
The Census Bureau released the Residential Vacancies and Homeownership report for Q2 2023 today. The results of this survey were significantly distorted by the pandemic in 2020. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates. However, there are serious questions about the accuracy of this survey.
Wealth Management
AUGUST 1, 2023
HNWIs are also showing some interest in newer property segments, such as data centers and SFRs.
The Big Picture
AUGUST 4, 2023
I am a sucker for a good infographic. This depiction of the top 100 brands by Brand Finance (via Visual Capitalist ) is a good example. They examined 5,000+ companies across 38 countries. A brand’s value represents “the allocation of company earnings that are linked to the brand.” By sector, its Tech at #1 (19.4%), Retail at #2 (15.0%), Media at #3 (14%), Banking at 4 (10.2%) and Automobiles at 5 (8.6%) click for original The post 100 Most Valuable Brands appeared first on The Big Pi
Abnormal Returns
AUGUST 1, 2023
July 2023 How major asset classes performed in July 2023. (capitalspectator.com) The U.S. stock market is on a five-month winning streak. (ft.com) Markets What investors got wrong about the stock market's rally year-to-date. (ritholtz.com) The yield curve has been inverted for over a year now. (theirrelevantinvestor.com) Meme stock traders just can't quit bankrupt stocks.
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
Calculated Risk
JULY 29, 2023
At the Calculated Risk Real Estate Newsletter this week: • Case-Shiller: National House Price Index Decreased 0.5% year-over-year in May • New Home Sales decrease to 697,000 Annual Rate in June • Fannie and Freddie: Single-Family Mortgage Delinquency Rate Declined, Multi-Family Increased in June • Inflation Adjusted House Prices 4.4% Below Peak This is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.
Wealth Management
AUGUST 1, 2023
Construction starts for apartment buildings with five or more units fell by 11.2% in June, a new report shows. KKR has opened its first office in Los Angeles in its drive to capitalize on real estate investment opportunities, Bloomberg reported. These are among today’s must reads from around the commercial real estate industry.
The Reformed Broker
AUGUST 4, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Joe Terranova, Mark Fisher, and Downtown Josh Brown discuss what it takes to be a trader, the energy sector, commodities, the US downgrade, treasuries, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!
Abnormal Returns
JULY 30, 2023
Top clicks this week Ken Bui, "Private equity sucks the good out of American products and businesses." (luxcapital.com) Eight ways compounding can get interrupted. (blog.validea.com) What do you get when you run a regression on the returns of the Invesco QQQ Trust ($QQQ)? (alphaarchitect.com) How to properly use a DCF model. (capitalgains.thediff.co) Why you should keep in mind the 'return on hassle' when it comes to your investments.
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.
Calculated Risk
AUGUST 2, 2023
Today, in the Calculated Risk Real Estate Newsletter: How Much will the Fannie & Freddie Conforming Loan Limit Change for 2024? A brief excerpt: With house prices mostly unchanged over the last year, an interesting question is: How much will the Fannie & Freddie conforming loan limits (CLL) change for 2024? And how much will the FHA insured loan limits change?
Wealth Management
AUGUST 3, 2023
We spoke with Walker & Dunlop CEO to get his take on what's happening in the real estate lending market.
The Reformed Broker
AUGUST 3, 2023
Apple’s earnings are going to move the market, says Ritholtz’s Josh Brown from CNBC Chart of the day: Qualcomm from CNBC Grade my trade: DIS, UNH, RIG & BROS from CNBC Final Trades: Uber, Cisco, CVS & more from CNBC
Abnormal Returns
JULY 31, 2023
Markets Every major asset class is up YTD. (capitalspectator.com) The equity risk premium keeps shrinking. (wsj.com) Strategy One year returns are all over the place. Thirty years, not so much. (awealthofcommonsense.com) Don't let news dictate your investing strategy. (dariusforoux.com) Successful investing is ultimately a creative act. (herbgreenberg.substack.com) Finance CME Bitcoin futures volume is growing.
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Calculated Risk
JULY 31, 2023
Altos reports that active single-family inventory was up 1.1% week-over-week. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of July 28th, inventory was at 485 thousand (7-day average), compared to 479 thousand the prior week. Year-to-date, inventory is down 1.3%. And inventory is up 19.5% from the seasonal bottom 15 weeks ago.
Wealth Management
JULY 31, 2023
The bid-ask gap in the commercial real estate market has created a massive falloff in transaction volume in 2023.
The Reformed Broker
AUGUST 2, 2023
Earnings are justifying the rally, but aren’t on further gains, says Ritholtz’s Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.
Abnormal Returns
JULY 29, 2023
Tesla Tesla ($TSLA) has long tried to suppress complaints about vehicle range. (reuters.com) Long term Tesla ($TSLA) owners still love their vehicles. (bloomberg.com) EVs A consortium of automakers is planning to build out a U.S. charging network. (bloomberg.com) GM ($GM) is struggling on the battery manufacturing front. (nytimes.com) EV makers are upping their goals to create family-style vehicles.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.
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