A Wealth of Common Sense

DECEMBER 3, 2024

The United States is the envy of the world in terms of financial markets and economic performance. Ruchir Sharma at The Financial Times outlines how this is impacting capital flows: Global investors are committing more capital to a single country than ever before in modern history. And the dollar, by some measures, trades at a higher value than at any time since the developed world abandoned fixed exchange rates 50 years.

Marketing 145

Marketing Marketing Financial Market Economics 145

The Big Picture

DECEMBER 5, 2024

We lost one of the greats this week: Art Cashin passed away Sunday at the age of 83. CNBC’s Bob Pisani did a wonderful remembrance of Art: “In the intensely competitive and often vicious world of stock market commentary, Cashin was that rarest of creatures: a man respected by all, bulls and bears, liberals and conservatives alike.” It made me want to share a few of my favorite Art Cashin stories… I first met Art when I was a newbie strategist in the 2000s.

Compliance 290

Compliance Marketing Marketing Management 290

Abnormal Returns

DECEMBER 2, 2024

Markets How major asset classes performed in November 2024. (capitalspectator.com) Crypto Why managing a leveraged Microstrategy ($MSTR) ETF is harder than it looks. (wsj.com) Crypto ETFs continue to attract record inflows. (msn.com) Silk Road Bitcoin are in motion. (coindesk.com) Crypto is a 24/7/365 enterprise. (howardlindzon.com) Private credit The private credit industry how has its own data companies.

Communication 162

Communication Manufacturing Media Economy 162

Nerd's Eye View

DECEMBER 4, 2024

In the competitive market for financial advice, advisory firms often seek to find ways to differentiate themselves from one another. For firms with high-net-worth clientele, one way to do this is to offer alternative investments, such as private equity, private debt, or hedge funds, which may offer clients the ability to invest in a more diverse range of assets.

Clients 152

Clients Financial Advice Investing Investments 152

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.

Assets

Carson Wealth

DECEMBER 5, 2024

Giving is an important part of our society. It provides us the opportunity to support causes we believe in and make a positive impact. Keep in mind, giving isn’t always about donating money. It can also include volunteering time or donating goods and resources. Here are some examples of the impact: 1 In 2023, Americans donated $557.16 billion, 67% of this giving was attributed to individuals.

Taxes 119

Taxes Nonprofit Accounting Assets 119

Abnormal Returns

DECEMBER 1, 2024

Markets The S&P 500 returned 5.87% in November 2024. (on.spdji.com) It's hard to make the math on hedge funds add up. (humbledollar.com) Companies The biggest risks to Google ($GOOGL) have nothing to do with anti-trust concerns. (wsj.com) The Microstrategy ($MSTR) story will make for a great book one day. (readtrung.com) AI It looks like Twitter shareholders are going to get bailed out by their stake in xAI.

Math 173

Math Budgeting Food Taxes 173

Nerd's Eye View

DECEMBER 3, 2024

Welcome everyone! Welcome to the 414th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Eric Franklin. Eric is the Managing Partner of Prospero Wealth, an RIA based in Seattle, Washington, that oversees $52 million in assets under management for 80 client households. What's unique about Eric, though, is how he was able to 10X his AUM to $50 million in just 3 years by focusing on working with his ideal target client (employees at big tech firms), which led to him

Planning 130

Planning Financial Planning Financial Advisor Clients 130

Wealth Management

DECEMBER 3, 2024

The uncertain shape and scope of President-elect Donald Trump’s proposed tariffs represent the biggest wildcard to the stock outlook for 2025, according to Morningstar. Several ETF sponsors have filed to roll out new crypto ETFs that provide some buffer protections to lower the overall risk profile, reports Financial Times. These are among the investment must reads we found this week for wealth advisors.

Wealth Advisor 103

Wealth Advisor Investing Investments 103

The Big Picture

DECEMBER 6, 2024

This week, we speak with David Roux , Executive Chairman of BayPine , a private equity firm focused on digital transformation. Previously he co-founded Silver Lake Partners and served as the chairman and co-CEO. David has also held leadership positions at Oracle, Central Point and Lotus Development. He currently serves on the boards of Bristol Seafoods and The Institute for Health Metrics and Evaluation at the University of Washington.

Investing 130

Investing Investments 130

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

Management

Abnormal Returns

DECEMBER 5, 2024

Strategy Diversification still matters. (novelinvestor.com) How to combat confirmation bias. (safalniveshak.com) Art Cashin Art Cashin was one of a kind. (ritholtz.com) A remembrance of Art Cashin. (jaywoods.substack.com) Companies Dollar stores have had a rough 2024. (sherwood.news) Palantir ($PLTR) did not. (axios.com) Fund management BlackRock ($BLK) will soon oversee almost $600 billion of alternative assets.

Retail 182

Retail Media Economy Sales 182

Nerd's Eye View

DECEMBER 2, 2024

Welcome to the December 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that the retail brokerage platform Robinhood is acquiring RIA custodian TradePMR, which appears to be less about Robinhood wanting to compete with the likes of Schwab and Fidelity in the custodial space

Clients 130

Clients Portfolio Management Numbers Financial Advisor 130

Calculated Risk

DECEMBER 4, 2024

Fed's Beige Book Economic activity rose slightly in most Districts. Three regions exhibited modest or moderate growth that offset flat or slightly declining activity in two others. Though growth in economic activity was generally small, expectations for growth rose moderately across most geographies and sectors. Business contacts expressed optimism that demand will rise in coming months.

Economics 111

Economics Economy Sales Investing 111

A Wealth of Common Sense

DECEMBER 5, 2024

We also touched on questions about managing your brokerage account, the best way to optimize asset location, RSUs vs. HELOCs when paying for a home renovation and jewelry as an asset class. Further Reading: 10 Money Revelations in my 40s 1And these peer rankings are net worth figures. This reader didn’t mention how much debt or home equity his family has, if any.

Retirement 121

Retirement Assets Accounting Management 121

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.

Accounting

Abnormal Returns

DECEMBER 1, 2024

Also on the site We are doing a Bluesky-themed book giveaway just in time for the holidays. Details here. (abnormalreturns.com) Have you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com) Top clicks this week A look at the best performing stocks of the past 20 years. (bespokepremium.com) Did you know Trump’s share of the 2024 presidential vote has fallen below 50%?

Government 173

Government Marketing Marketing 173

Wealth Management

DECEMBER 5, 2024

Memoirs dominate the best business books of 2024 for financial advisors.

Financial Advisor 111

Financial Advisor 111

Advisor Perspectives

DECEMBER 4, 2024

Understanding how money impacts human behavior and psychology may help serve your clients effectively.

Financial Advisor 111

Financial Advisor Clients 111

Calculated Risk

DECEMBER 4, 2024

Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 1.4% Below 2022 Peak Excerpt: It has been over 18 years since the bubble peak. In the September Case-Shiller house price index released last week, the seasonally adjusted National Index (SA), was reported as being 75% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 11% above the bubble peak (and historically there has been an upward slope to real house prices).

Numbers 109

Numbers 109

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.

Accounting

Abnormal Returns

DECEMBER 3, 2024

Fund management There is no escaping the math on leveraged ETFs. (linkedin.com) Why CITs are cheaper than mutual funds. (crr.bc.edu) Technology AWS is spinning up an Nvidia ($NVDA) competitor using its own chips. (wsj.com) Meta ($META) is reportedly investing $10 billion in subsea cables. (techcrunch.com) Musk SpaceX could soon be the world's most valuable startup with a $350 billion valuation.

Math 147

Math Valuation Startup Economy 147

Wealth Management

DECEMBER 4, 2024

The recent SEIA acquisition brings Canon Price, founder of $300 million AUA RIA Beverly Investment Advisors, back to the firm where she started her career three decades ago.

Investment Advisor 109

Investment Advisor Investments Investing 109

Advisor Perspectives

DECEMBER 3, 2024

The decision of whether to generate lifetime income with an annuity should be made on its own merits, e.g., as part of a holistic, goals-based investing process. In those cases where annuitized income is deemed beneficial, though, this article has illustrated why the purchase of a qualified annuity from IRA assets may be more attractive than you might expect.

Assets 111

Assets Investments Investing 111

A Wealth of Common Sense

DECEMBER 6, 2024

Retirement is still a relatively new concept. Throughout most of human history, people worked late into life, maybe retired for a few years or worked until they keeled over. Retiring to a life of leisure is a concept that’s only been around in a big way since the post-WWII era. I wrote about this before: In the 1940s, only 3% of men who retired said they did so because they were looking for a life of leisure.

Financial Advisor 130

Financial Advisor Retirement Wealth Management Management 130

Advertisement

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

Planning

Abnormal Returns

DECEMBER 4, 2024

Podcasts Christine Benz talks 2025 taxes with Ed Slott author of "The Retirement Savings Time Bomb Ticks Louder." (morningstar.com) Dan Haylett talks with Christine Benz, author of "How to Retire: 20 Lessons For a Happy, Successful, And Wealthy Retirement." (humansvsretirement.com) Barry Ritholtz talks with Matt Hougan, CIO at Bitwise Asset Management, about how to get crypto exposure.

Retirement 147

Retirement Estate Planning Taxes Assets 147

Wealth Management

DECEMBER 2, 2024

Firms unwilling or unable to evolve will become obsolete and conflicted.

109

109

Advisor Perspectives

DECEMBER 4, 2024

In this article, Beverly Flaxington gives advice on how to navigate organizing events for staff and clients.

Clients 98

Clients 98

NAIFA Advisor Today

DECEMBER 2, 2024

Wallene Leek, RICP, FSCP, LTCP, LUTCF , loyal member since 2002, has a remarkable career that illustrates the transformative power of life insurance and the importance of passing on knowledge and values to future generations. Based in Nashville, Wallene found her way into the insurance field through a profound personal experience that forever shaped her perspective.

Insurance 97

Insurance 97

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

Clients

Abnormal Returns

DECEMBER 2, 2024

Podcasts Brendan Frazier talks 'Behavioral Finance 3.0' with Meir Statman author of "A Wealth of Well-Being: A Holistic Approach to Behavioral Finance." (podcasts.apple.com) Michael Kitces talks with Kevin Leahy, CEO of Connecticut Wealth Management, about building an effective internal adviser training program. (kitces.com) Thomas Kopelman and Jacob Turner talk with Daniel Crosby author of "The Soul of Wealth.

Clients 124

Clients Wealth Management Financial Planner Startup 124

Wealth Management

DECEMBER 5, 2024

The pace of ETF launches dipped slightly in November, with just shy of 50 new funds entering the market.

Marketing 107

Marketing Marketing 107

Advisor Perspectives

DECEMBER 2, 2024

As of November 29, 2024, the 10-year note was 366 basis points above its historic closing low of 0.52% reached on August 4, 2020.

99

99