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 Economics Financial Market 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 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

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

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 101

Wealth Advisor Investments Investing 101

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

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 119

Retirement Assets Accounting Management 119

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.

Investments 130

Investments Investing 130

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 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 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 130

Clients Financial Advice Investments Investing 130

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

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 105

Economics Economy Sales Investments 105

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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.

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 3, 2024

This brings DPL’s total funding to $69 million and marks the first investment from insurers.

Insurance 110

Insurance Investments Investing 110

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 98

Taxes Nonprofit Accounting Assets 98

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 104

Numbers 104

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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.

Banking

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 5, 2024

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

Financial Advisor 105

Financial Advisor 105

Advisor Perspectives

DECEMBER 3, 2024

One of the most important issues for Congress next year is tax reform.

Taxes 98

Taxes 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: 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

Numbers

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 4, 2024

The deal will give private company shareholders access to Dynasty’s wealth management and advisory services.

Wealth Management 107

Wealth Management Marketing Marketing Management 107

Advisor Perspectives

DECEMBER 4, 2024

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

Clients 95

Clients 95

Calculated Risk

DECEMBER 6, 2024

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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.

Financial Advice

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 2, 2024

The alternative asset management behemoth announced three senior leadership additions, including a new global COO on its private wealth team.

Assets 110

Assets Management 110

Advisor Perspectives

DECEMBER 2, 2024

Expectations for solid corporate earnings drove our U.S. and Japanese equity overweights this year. They have delivered, showing that fundamentals are key. Earnings strength could matter more to equity investors in 2025 over valuations.

Valuation 96

Valuation 96