Nerd's Eye View

JUNE 16, 2025

How advisory firms charge for financial advice has long been a central question in the profession. While many firms have historically relied on commission-based compensation methods – reflecting a sales-driven approach – financial advice has evolved with technological advancements and a greater focus on financial planning, with the Assets Under Management (AUM) fee emerging as the primary compensation model.

Financial Advice 232

Financial Advice Financial Advisor Financial Planning Planning 232

Wealth Management

JUNE 17, 2025

Zach Ivey, Savant Wealth Management's CIO, discusses evolving investment landscapes, alternative allocations and educating advisors on private market liquidity at Wealth Management EDGE.

Wealth Management 263

Wealth Management Investing Investments Clients 263

Calculated Risk

JUNE 15, 2025

Most analysts expect no change to FOMC policy at the meeting this week, keeping the target range at 4 1/4 to 4 1/2 percent. Market participants currently expect the FOMC to also be on hold at the July meeting, with the next rate cut in September, and a second rate cut in December. From BofA: The Fed has made it clear that the policy rate will remain unchanged at its June meeting.

Banking 286

Banking Economics Economy Marketing 286

Abnormal Returns

JUNE 16, 2025

Podcasts Michael Batnick talks with Tim White and Danny Lohrfink of Wealth.com about trends estate planning. (youtube.com) Michael Kitces talks compliance with Leila Shaver, founder of My RIA Lawyer. (kitces.com) Josh Brown and Nick Sapienza break down a real-life case study of couple with $3 million in assets and a desire to retire. (youtube.com) Larry Kotlikoff talks trusts with Alan Gassman (larrykotlikoff.substack.com) Jonathan Treussard talks with Dave Nadig about navigating an increasingly

Estate Planning 157

Estate Planning Compliance Engineering Retirement 157

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Accounting

The Big Picture

JUNE 18, 2025

Fun conversation with Jill Schlesinger of Jill on Money about the new book: Today we’re joined by Barry Ritholtz, co-founder, chairman, and chief investment officer of Ritholtz Wealth Management LLC, to discuss his recently released book, How Not To Invest: The ideas, numbers, and behaviors that destroy wealth – and how to avoid them. The goal of the book is to show you a few simple tools and models that will help you avoid the most common mistakes people make with their money.

Investing 147

Investing Investments Wealth Management Numbers 147

Calculated Risk

JUNE 18, 2025

Statement here. Fed Chair Powell press conference video here or on YouTube here , starting at 2:30 PM ET. Here are the projections. The projections are pretty bearish. The BEA's advance estimate for Q1 GDP showed real growth at -0.2% annualized. There is a wide range of estimates for Q2 GDP, but it is forecast to be over 3.0% (as Q1 distortions reverse).

Banking 205

Banking 205

Wealth Management

JUNE 17, 2025

Third-party model portfolios had $646 billion in assets under management as of March 31—an increase of 62% since June 2023, according to Morningstar. While more than 60 asset managers have filed for dual-class share structures, many firms may never launch them, Ignites reports. These are among the investment must-reads we found this week for financial advisors.

Investing 245

Investing Investments Financial Advisor Assets 245

Abnormal Returns

JUNE 18, 2025

Podcasts Chris Hutchins talks with Nick Maggiulli about his forthcoming book "The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life." (chrishutchins.com) Jill Schlesinger talks with Barry Ritholtz about his new book "How Not To Invest: The ideas, numbers, and behaviors that destroy wealth - and how to avoid them." (ritholtz.com) Peter Lazaroff talks with Bob Pisani about lessons learned from his long career at CNBC.

Retirement 157

Retirement Financial Advice Taxes Numbers 157

The Big Picture

JUNE 20, 2025

My end-of-week morning train beach reads: • Howard Marks on Tariffs: Repealing the Laws of Economics : Tariffs are, primarily, an effort to cause goods to be made domestically even when equivalent foreign goods are cheaper or better (or both). Governments can make that happen by erecting barriers that keep foreign goods out or make them more expensive.

Economics 130

Economics Government Management Portfolio 130

Calculated Risk

JUNE 17, 2025

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for initial claims of 250 thousand, up from 248 thousand last week. • Also at 8:30 AM ET, Housing Starts for May.

Economics 165

Economics Marketing Marketing 165

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

Accounting

Nerd's Eye View

JUNE 17, 2025

Welcome everyone! Welcome to the 442nd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is David Bahnsen. David is the founder of The Bahnsen Group, an RIA based in Newport Beach, California, that oversees approximately $7.5 billion in assets under management for 1,800 client households. What's unique about David, though, is how his firm has been able to attract $100 million in new client assets per month thanks in large part to his content creation and public comme

Clients 130

Clients Financial Advisor Assets Financial Services 130

Wealth Management

JUNE 18, 2025

Global financial advisors prioritize private equity and credit in alternative investments, but struggle with assessing liquidity and portfolio impact, survey finds.

Financial Advisor 276

Financial Advisor Portfolio Investing Investments 276

Abnormal Returns

JUNE 15, 2025

Also on the site Everyone in life (and investing) is running their own race. (abnormalreturns.com) Top clicks this week This company is splashing out $400k on two vehicles for its CEO. (linkedin.com) How NAV squeezing works. (wsj.com) Americans have the risk bug. (awealthofcommonsense.com) Who exactly are you listening to and why? (ritholtz.com) Private equity operates differently in mainstream America.

Investing 184

Investing Investments Management 184

Trade Brains

JUNE 15, 2025

Foreign Institutional Investors (FIIs) are significant players in global financial markets,comprising various entities such as mutual funds, pension funds, and hedge funds, among others. They invest substantial capital across international borders, influencing the market dynamics, liquidity, and investment trends, thus playing a crucial role in shaping global Investment landscapes and economic development.

Manufacturing 96

Manufacturing Retail Distribution Investment Advisor 96

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

Management

Calculated Risk

JUNE 14, 2025

The key reports this week are May Retail Sales and Housing Starts. For manufacturing, Industrial Production, and the NY and Philly Fed manufacturing surveys, will be released this week. The FOMC meets on Tuesday and Wednesday, and rates are expected to be unchanged. -- Monday, June 16th -- 8:30 AM: The New York Fed Empire State manufacturing survey for June.

Retail 179

Retail Manufacturing Sales Food 179

A Wealth of Common Sense

JUNE 15, 2025

In my last post I looked at the impressive outperformance of international stocks this year: With all the AI excitement it’s hard to believe foreign stocks are beating the pants off American stocks in 2025 when you consider the sector exposure discepancies: When you include communication services (which includes Google, Facebook and Netflix) and the tech stocks in consumer discretionary (which includes Amazon and.

Communication 96

Communication Asset Allocation Assets Marketing 96

Wealth Management

JUNE 18, 2025

Andy Kalbaugh will lead The Wealth Consulting Group into its next phase of growth, which will include a new partners channel to help advisors with succession issues.

Retirement 221

Retirement Consulting 221

Abnormal Returns

JUNE 18, 2025

Markets The stock market doesn't care about you. (tonyisola.com) How long do dollar moves last? (larryswedroe.substack.com) Real estate REITs have struggled to keep up with the stock market. (morningstar.com) The supply of office space is set to actually contract in 2025. (wsj.com) Gold Why are central banks upping their holdings of gold? (mrzepczynski.blogspot.com) Individual Chinese investors love gold.

Valuation 167

Valuation Media Banking Economy 167

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Clients

Trade Brains

JUNE 15, 2025

A Goldman Sachs-backed infrastructure stock has come into sharp focus as it sets an ambitious target of securing order inflows worth Rs.20,000–Rs.25,000 crores in FY26. This bold projection signals strong business momentum and renewed investor interest, positioning the company as a key player in India’s rapidly evolving infrastructure landscape. During Friday’s trading session, shares of Afcons Infrastructure Ltd were closed at Rs. 441 apiece, down 1.28 percent from its previous closing price of

Investment Advisor 96

Investment Advisor Investing Investments Consulting 96

Calculated Risk

JUNE 18, 2025

Today, in the Calculated Risk Real Estate Newsletter: Housing Starts Decreased to 1.256 million Annual Rate in May A brief excerpt: Total housing starts in May were below expectations; however, starts in March and April were revised up, combined. The third graph shows the month-to-month comparison for total starts between 2024 (blue) and 2025 (red).

276

276

Million Dollar Round Table (MDRT)

JUNE 15, 2025

By Antoinette Tuscano, senior content specialist Achieving MDRT’s Top of the Table consistently happens when you understand where you most need to focus. Three MDRT Past Presidents discuss what this was for them. Working hard and excellence There must be a secret formula for people to be successful , thought MDRT Past President Ross Vanderwolf, CFP , early in his career.

Financial Advisor 82

Financial Advisor CFP Management 82

Wealth Management

JUNE 18, 2025

Explore three mega-trends in private market investing, including big partnerships, semi-liquid structures and retirement plan integration.

Retirement Planning 214

Retirement Planning Marketing Marketing Retirement 214

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

Distribution

Abnormal Returns

JUNE 20, 2025

Markets Corporate bond spreads have come back down from their April peak. (mrzepczynski.blogspot.com) Silver prices are rising along with gold. (wsj.com) Strategy Good decade or bad for the stock market? Changes in valuation matter a lot. (awealthofcommonsense.com) What the consensus 60/40 portfolio looks like. (morningstar.com) Stablecoins Stablecoins are no longer niche.

Valuation 144

Valuation Economy Economics Portfolio 144

Trade Brains

JUNE 15, 2025

Stock recommendations are expert advice that helps investors decide whether to buy, sell, or hold certain stocks based on market analysis. A buy recommendation means it’s a good idea to purchase a stock, as it is expected to rise in value due to favorable market conditions. Here are a few stocks recommended by analysts with a high growth potential of up to 66 percent: 1.

Manufacturing 100

Manufacturing Distribution Food Investing 100

Calculated Risk

JUNE 18, 2025

Fed Chair Powell press conference video here or on YouTube here , starting at 2:30 PM ET. FOMC Statement: Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated.

Economics 147

Economics Accounting Marketing Marketing 147

A Wealth of Common Sense

JUNE 17, 2025

I was talking with a friend a few months ago about money. Let’s call him Daryl. Daryl and I were waxing philosophically about careers, incomes and the never-ending comparison battle that exists among friends and peers. He admitted to me that it wears on him constantly seeing other people’s big houses, big incomes, big vacations and big lives on display all the time.

Media 93

Media 93

Speaker: Claire Grosjean, Global Finance & Operations Executive

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

Management

Wealth Management

JUNE 18, 2025

Morgan Stanley will label a couple hundred of its 15,000 financial advisers with a “founders specialist designation,” which will allow them to offer products and services tailored to the specific needs of clients whose wealth is concentrated in a private company.

Financial Advising 236

Financial Advising Marketing Marketing Clients 236

Abnormal Returns

JUNE 17, 2025

Strategy You can't eliminate the noise, but you can manage around it. (ritholtz.com) Should you exclude Chinese stocks from your international allocation? (morningstar.com) History only tells us so much about investment returns. (whitecoatinvestor.com) Companies Advertising is a big (and growing) business for the delivery companies. (platformaeronaut.com) OpenAI and Microsoft ($MSFT) are beefing.

Advertising 157

Advertising Media Banking Economy 157

Trade Brains

JUNE 15, 2025

Today, we recommend two stocks, one from the Capital Goods sector and another from the FMCG sector, by the Trade Brains Portal, to buy for an upside potential of more than 18%. We also analyzed the market’s performance yesterday to understand what may lie ahead for the stock indices in the coming days. 1. Kirloskar Brothers Ltd Current price: ₹ 1,833 Target price: ₹ 2,160 Upside: 18% Time frame: 12 Months Why it’s recommended KBL, a prominent pump manufacturer with experience in fluid management

Manufacturing 94

Manufacturing Healthcare Banking Retail 94

Calculated Risk

JUNE 19, 2025

A year ago I wrote: The Art of the Soft Landing A few excerpts and an updated graph. The "Art of the Soft Landing" requires that the Fed reduce rates quick enough to keep economic growth positive, and slow enough not to reignite inflation. My view is a soft landing is achieved if growth stays positive, inflation returns to target, and the yield curve flattens or reverts to normal (long yields higher than short yields).

Economics 147

Economics 147

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

Numbers