MainStreet Financial Planning

NOVEMBER 25, 2024

The IRS and Social Security Administration recently announced changes for 2025. Here are some highlights: The SSA has announced that benefit checks will rise 2.5% in 2025. Social Security and SSI beneficiaries are normally notified by mail starting in early December about their new benefit amount. The fastest way to find out your new benefit amount is to access your personal my Social Security account to view the COLA notice online.

Taxes 84

Taxes Planning Retirement Planning Accounting 84

Nerd's Eye View

NOVEMBER 28, 2024

How much to charge for financial advice is rarely a decision made lightly. A firm's pricing strategy often reflects both the local market (or niche-related) norms – such as the nearly-ubiquitous 1%. Others may align with broader industry trends, like transitioning to fee-only structures to buffer against market volatility. Still others may choose a hybrid model, combining AUM fees with additional charges for other services like tax planning.

Clients 244

Clients Financial Planner Fee Only Financial Planning 244

The Big Picture

NOVEMBER 29, 2024

@TBPInvictus here (link is now to Bluesky) Let’s cut to the chase: A Hoover Institution analysis of California private job creation is off by a factor of 100. Between January 2022 and June 2024, the state created 523,700 private sector jobs — not 5,400 as claimed. MSM uncritically repeated the false number. I spend far too much time debunking economic b t.

Government 356

Government Media Economics Numbers 356

Abnormal Returns

NOVEMBER 29, 2024

Markets A look at the best performing stocks of the past 20 years. (bespokepremium.com) The great bond bull market is over. (mrzepczynski.blogspot.com) Strategy No one is immune from investment FOMO. (awealthofcommonsense.com) How much foreign equity does your target-date fund own? (wsj.com) Finance The ownership base of Berkshire Hathaway ($BRK.A) stock is set to dramatically change.

Media 162

Media Retail Economy Economics 162

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

A Wealth of Common Sense

NOVEMBER 28, 2024

On this week’s show we also touched on questions about diversification as a younger investor, a pep talk for younger generations, financial planning with Chat GPT and paying down your mortgage vs. investing in fixed income. Further Reading: Why I’m Selling Some Bitcoin The post Is It Too Late to Buy Bitcoin? appeared first on A Wealth of Common Sense.

Financial Planning 139

Financial Planning Planning Investing Investments 139

The Big Picture

NOVEMBER 27, 2024

Next time you encounter a calm pond or lake with a nice, smooth surface, pick up a rock and toss it into the water. The result will be very predictable: concentric rings will expand out from where the mass disrupts the calm surface. This is how models depict the economy. Once the surface settles down, repeat the exercise. Only this time, have 10 of your friends grab big scoops of rocks of various sizes, from pebbles to boulders, and randomly throw them into the water over minutes, hours, and day

Economy 200

Economy Retail Portfolio Assets 200

Abnormal Returns

NOVEMBER 29, 2024

Listening Podcasters are increasingly wary of recycling guests. (bloomberg.com) Now CEOs want to go on podcasts to tell their stories. (semafor.com) Don't kid yourself, podcasting isn't an easy business. (garbageday.email) The best psychology podcasts including 'The Psychology Podcast with Scott Barry Kaufman.' (psypost.org) VC Matt Reustle talks VC secondaries with Ravi Viswanathan is the founder and Managing Partner of NewView Capital.

Investing 147

Investing Investments Management Marketing 147

Calculated Risk

NOVEMBER 27, 2024

The BEA released the Personal Income and Outlays, October 2024 report for October: Personal income increased $147.4 billion (0.6 percent at a monthly rate) in October , according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes, increased $144.1 billion (0.7 percent) and personal consumption expenditures (PCE) increased $72.3 billion (0.4 percent).

Food 121

Food Taxes Economics 121

Nerd's Eye View

NOVEMBER 26, 2024

Welcome everyone! Welcome to the 413th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Kevin Leahy. Kevin is the CEO of Connecticut Wealth Management, an RIA based in Farmington, Connecticut, that oversees approximately $4 billion in assets under management for 1,100 client households. What's unique about Kevin, though, is how his firm has built a systematized internal advisor training program to efficiently onboard young new talent straight out of college, main

Wealth Management 238

Wealth Management Financial Advisor Clients Planning 238

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

The Big Picture

NOVEMBER 26, 2024

 At the Money: Crypto Curious. November 26, 2024 Are you crypto-curious? Are you interested in owning some bitcoin, Ethereum, or other crypto-coins? How can investors get exposure to the space? Full transcript below. ~~~ About this week’s guest: Matt Hougan, Chief Investment Officer at Bitwise Asset Management discusses the best ways to responsibly manage crypto assets.

Investing 147

Investing Investments Assets Retail 147

Abnormal Returns

NOVEMBER 27, 2024

Podcasts Peter Lazaroff talks with Jason Zweig about neuroeconomics and the future of finance. (peterlazaroff.com) Christine Benz and Amy Arnott and talk with Mark Berg about helping your kids financially. (morningstar.com) Thomas Kopelman and Jacob Turner talk with Daniel Crosby author of "The Soul of Wealth." (podcasts.apple.com) Home buying Good luck trying to time the housing market.

Portfolio 147

Portfolio Financial Planning Estate Planning Planning 147

Alpha Architect

NOVEMBER 29, 2024

An anomaly is a pattern in stock returns that deviates from what is expected based on established financial theories or models. These patterns can sometimes present opportunities for abnormal returns. However, they are often inconsistent and challenging to exploit. Many anomalies have achieved consensus and, thus, have been incorporated into factor-based models, including size, value, [.

Investments 106

Investments Investing 106

Nerd's Eye View

NOVEMBER 27, 2024

Charitable giving is an essential aspect of many people's financial lives. Some give through established channels, such as by donating to charities or volunteer work, others may give informally to family members on a regular but less structured basis – and some simply aspire to "do more". Yet, despite the important role that charitable giving can play, studies show that many advisors hesitate to bring up the topic with clients.

Clients 178

Clients Education Financial Planner Planning 178

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

The Big Picture

NOVEMBER 27, 2024

This week, we speak with Michael Morris , cultural psychologist and Chavkin-Chang Professor of Leadership at the Columbia Business School. Prior to joining Columbia, he was a tenured professor at Stanford’s Graduate School of Business and Psychology Department. Morris has published over 200 articles in leading behavioral science journals and has received countless international awards from scholarly societies across several fields.

Consulting 130

Consulting Management Investing Investments 130

Abnormal Returns

NOVEMBER 24, 2024

Newsletters If you haven't already you can sign up for our daily e-mail newsletter, please do. (abnormalreturns.com) And for financial advisors you can sign up for our weekly e-mail newsletter with industry insights. (newsletter.abnormalreturns.com) Top clicks this week 'Amazon Haul' is another sign of the degradation of Amazon ($AMZN). (theatlantic.com) Why is the U.S. healthcare system so much worse than its peers?

Healthcare 173

Healthcare Financial Advisor Marketing Marketing 173

Calculated Risk

NOVEMBER 26, 2024

Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Decrease Sharply to 610,000 Annual Rate in October Brief excerpt: Important: Sales in October were impacted by the hurricanes. The south region was down 27.7% year-over-year (“South” includes Florida, the Carolinas and Georgia - states hit hardest by hurricanes Helene and Milton). Excluding the South, sales were up about 8% year-over-year.

Sales 115

Sales 115

Nerd's Eye View

NOVEMBER 25, 2024

Over the past decade, a growing number of advisors have expanded into offering comprehensive financial planning services, reflecting a shift that not only helps them stand out from (increasingly commoditized) portfolio management offerings but also supports clients' broader financial goals. However, comprehensive planning is an intangible service, which can make it challenging for advisors to convey its value – especially when meeting with prospective clients who may be unfamiliar with wha

Financial Planning 143

Financial Planning Sales Planning Retirement 143

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Planning

Advisor Perspectives

NOVEMBER 26, 2024

As an advisor, you must recognize that you’re not simply in the financial advice business. First and foremost, you’re in the problem-solving business.

Financial Advice 115

Financial Advice 115

A Wealth of Common Sense

NOVEMBER 26, 2024

I’m on vacation for Thanksgiving this week. Here’s one of the most popular posts on the blog from the past year. * I entered the workforce in 2005. That means I’ve been working in the investment business for 20 years now. The longer I’m in the money management business the more there is to learn but these are some of the things I’ve learned thus far: 1.

Management 143

Management Investing Investments Wealth Management 143

Wealth Management

NOVEMBER 26, 2024

Morningstar published its 2025 investment outlook for financial advisors. Morgan Stanley has looked to add employees of startup companies as wealth management clients in anticipation of future IPOs, reports Inc. These are among the investment must reads we found this week for wealth advisors.

Investing 110

Investing Investments Wealth Advisor Startup 110

The Big Picture

NOVEMBER 28, 2024

My Turkey Day reads: • 101 Simple Joys of Life We Must Not Forget : No matter what is happening in our lives, we can always find something to appreciate and be grateful for. ( The Plain Simple Life ) • Buffett’s Life Advice May Be More Valuable Than His Portfolio : The Oracle of Omaha’s latest letter shares his insight on how to leave behind a strong family and a lasting legacy. ( Bloomberg ) • 18 Thanksgiving dishes Post readers make every year : Stuffed ham.

Communication 130

Communication Food Government Portfolio 130

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

Alpha Architect

NOVEMBER 25, 2024

The propagation of factors actually reflect valid characteristics of the markets and market fluctuations. Factors are global, respectable and repeatable was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Marketing 106

Marketing Marketing Investments Investing 106

Advisor Perspectives

NOVEMBER 27, 2024

Personal income ( excluding transfer receipts ) rose 0.6% in October and is up 4.7% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.3% month-over-month and up 2.3% year-over-year.

105

105

Wealth Management

NOVEMBER 26, 2024

The Virginia-based startup plans to use the new capital to pursue expansion plans, including platform development and adding engineers.

Financial Advisor 105

Financial Advisor Startup Engineering Planning 105

The Big Picture

NOVEMBER 24, 2024

Fun conversation with Ben Carlson on various ways people make mistakes about Investing, Real Estate and our emotional decision making about all of the above. On episode 150 of Ask The Compound, Ben Carlson and Duncan Hill are joined by Ritholtz Wealth Management CIO and Masters In Business Host Barry Ritholtz to discuss politics and investing, timing the sale of a house, dollar cost averaging vs lump summing at all-time highs, and much more!

Wealth Management 100

Wealth Management Sales Investing Investments 100

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

Calculated Risk

NOVEMBER 27, 2024

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey — Mortgage applications increased 6.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 22, 2024. The Market Composite Index, a measure of mortgage loan application volume, increased 6.3 percent on a seasonally adjusted basis from one week earlier.

Economy 69

Economy Sales Marketing Marketing 69

Advisor Perspectives

NOVEMBER 27, 2024

The Conference Board's Consumer Confidence Index® rose in November to the highest level since January. The index increased to 111.7 this month from October's upwardly revised 109.6. This month's reading was slightly lower compared to the 111.8 forecasted.

94

94

Wealth Management

NOVEMBER 27, 2024

A former skeptic explains the benefits and risks.

Clients 103

Clients 103