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Sometimes, the data is so overwhelming that little commentary is needed. From SPIVA , here is the data on large-cap fund performance in the United States, showing the percentage of all large-cap funds that over and underperformed the S&P 500 over various time frames: 1 Year: 65.24% of funds underperformed the S&P 500; 34.76% outperformed the S&P 500 3 Years: 84.96% underperformed; 15.04% outperformed 5 Years: 76.26% underperformed; 23.74% outperformed 10 Years: 84.34% underperformed;
The Department of Labor rescinded its 2022 guidance cautioning against cryptocurrency in 401(k) plans, reaffirming a neutral stance on digital assets in retirement accounts.
Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 3.4% year-over-year in March Excerpt: S&P/Case-Shiller released the monthly Home Price Indices for March ("March" is a 3-month average of January, February and March closing prices). January closing prices include some contracts signed in November, so there is a significant lag to this data.
Strategy Good luck trying to time the bond market. (awealthofcommonsense.com) Despite public opinion, the stock market spends at lot of time near all-time highs. (optimisticallie.com) ETFs Money just keeps pouring into ETFs. (wsj.com) Where is all that money coming from? (awealthofcommonsense.com) Finance Eliminating the PCOAB is a gift to fraudsters.
Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
Retirement has long been associated with leisure, relaxation, and winding down from a long career. But as more individuals confront the emotional realities of this life transition, many find that the absence of structure, socialization, and identity once provided by work can create a gap that traditional retirement planning doesn't fully address. In this guest post, Kathleen Rehl, a "ReFired" financial advisor and educator in legacy planning, shares a framework to help advisors guide clients thr
Ritholtz Wealth Management relocates its Chicago office to The Salt Shed, emphasizing the importance of physical workspace in attracting talent and fostering collaboration.
At The Money: The Art of Spending Money with Morgan Housel (May 22, 2025) Is there an art to spending your own money? We spend a lot of time discussing earning and investing money, but how often do we really think deeply about spending it? Morgan Housel wrote a new book, The Art of Spending Money, Simple Choices for a Richer Life. It arrives in October, where he discusses just that.
At The Money: The Art of Spending Money with Morgan Housel (May 22, 2025) Is there an art to spending your own money? We spend a lot of time discussing earning and investing money, but how often do we really think deeply about spending it? Morgan Housel wrote a new book, The Art of Spending Money, Simple Choices for a Richer Life. It arrives in October, where he discusses just that.
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 4.00 million SAAR in April; Down 2.0% YoY Excerpt: Sales in April (4.00 million SAAR) were down 0.5% from the previous month and were 2.0% below the April 2024 sales rate. This was the 3rd consecutive month with a year-over-year decline in sales. Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2024 and 2025.
Podcasts Barry Ritholtz talks with Morgan Housel about how to spend money. (ritholtz.com) Katie Gatti Tassin talks with JL Collins, author of the revised edition of "The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life." (podcast.moneywithkatie.com) Brendan Frazier talks retirement planning with Dan Haylett. (podcasts.apple.com) Scott Barry Kaufman talks with Sahil Bloom, author of "The Five Types of Wealth: A Transformative Guide to Design Your Dream Life.
Financial planning is inherently complex, especially when it comes to data gathering, analysis, and crafting well-reasoned recommendations. But delivering those recommendations in a way that clients can understand and act on is a separate skill. Advisors not only need to do the deep technical work, they also need to translate that complexity into clarity – a step that can be surprisingly time-consuming and cognitively demanding.
Where are top advisors focusing in 2025? AcquireUp’s 2025 Industry Index reveals it all. Based on insights from 200+ financial professionals nationwide, discover why 74% say seminars and referrals deliver the best ROI, how automation is helping advisors scale faster, and why only 8% are tapping into niche marketing (a major growth opportunity!). Whether you're refining your client acquisition strategy or scaling your practice, this report gives you the real-world data, benchmarks, and action ste
Click for video. Source: Paul Krugman I am in the 4th quarter of the HNTI promo tour, and we saved some of the best for last. Last week, Paul Krugman (Nobel Laureate, former NYT columnist) spoke with me about the new book. It was a fun chat about so many things! A surprise discussion was all of the ideas within HNTI that also applied to non-finance-related topics and issues.
The FDIC released the Quarterly Banking Profile for Q1 2025: Net Income Increased from the Prior Quarter, Led by Higher Noninterest Income Quarterly net income for the 4,462 FDIC-insured commercial banks and savings institutions totaled $70.6 billion, up $3.8 billion (5.8 percent) from the prior quarter. The banking industry reported an aggregate return on assets of 1.16 percent in first quarter 2025, up from 1.11 percent in fourth quarter 2024 and up from 1.09 percent in the year-ago quarter.
Books An excerpt from "Empire of AI: Dreams and Nightmares in San Altman's OpenAI." (theatlantic.com) An excerpt from "Superbloom: How Technologies of Connection Tear Us Apart" by Nicholas Carr. (behavioralscientist.org) Insights from Laura Spinneys new book, "Proto: How One Ancient Language Went Global." (slate.com) An excerpt from Tiffany Watt Smiths new book, "Bad Friend: How Women Revolutionized Modern Friendship.
Welcome everyone! Welcome to the 439th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Alvin Carlos. Alvin is the CEO of District Capital Management, an RIA based in Washington, D.C., that generates $850,000 of annual, primarily retainer-based, revenue serving 155 client households. What's unique about Alvin, though, is how he has grown his firm by using project management software Monday.com as a central hub for financial plan presentations and efficient client
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Even as the advisor industry has embraced fee-based compensation models, nearly one-quarter of affluent investors still prefer a one-off, commission-based structure.
The transcript from this weeks MiB: Ron Shaich, Au Bon Pain, Panera Bread & CAVA , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ 00:00:02 [Speaker Changed] Bloomberg Audio Studios, podcasts, radio News.
From the Fed: Minutes of the Federal Open Market Committee, May 67, 2025. Excerpt: In considering the outlook for monetary policy, participants agreed that with economic growth and the labor market still solid and current monetary policy moderately restrictive, the Committee was well positioned to wait for more clarity on the outlooks for inflation and economic activity.
Podcasts Paul Krugman talks with Barry Ritholtz about his book "How NOT to Invest." (paulkrugman.substack.com) Jess Bost and Mark Newfield talk with Ashley Quamme about her journey to financial advice. (podcasts.apple.com) Charles Schwab Charles Schwab ($SCHW) is launching a new program aimed at helping financial advisors go independent. (thinkadvisor.com) Charles Schwab ($SCHW) is willing to step on some toes to take RIA mindshare.
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.
Here are some things I think I am thinking about this week: 1) Google’s VEO 3 is Mind Blowing. So far AI has been interesting, but not earth shattering. I use ChatGPT dozens of times a day and it is basically refined search. For me personally, I’d argue it’s turned me into a sort of hyper efficient financial advisor. I am kind of a Jack of All Trades, expert in none type of financial advisor, but ChatGPT makes me an expert in almost any financial field as I know all of the righ
Ashton Thomas Private Wealth adds Lance Millar and Stewart Preziose from SVB Private, forming Speritas Private Wealth Team with $900 million in AUM in San Francisco.
I had a great conversation with Eric Balchunas and Joel Weber on Trillions : In investing, there are many rules. And the rules are intended to help you, dear investor, make money. But if youve been around money and especially if youve been around a lot of money managing other peoples money, say you know that people make a lot of mistakes, too. On this episode of Trillions, Eric Balchunas and Joel Weber speak with Barry Ritholtz, the co-founder, chairman and chief investment officer of Ritholt
S&P/Case-Shiller released the monthly Home Price Indices for March ("March" is a 3-month average of January, February and March closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P S&P CoreLogic Case-Shiller Index Records 3.4% Annual Gain in March 2025 The S&P CoreLogic Case-Shiller U.S.
Automation is transforming finance but without strong financial oversight it can introduce more risk than reward. From missed discrepancies to strained vendor relationships, accounts payable automation needs a human touch to deliver lasting value. This session is your playbook to get automation right. We’ll explore how to balance speed with control, boost decision-making through human-machine collaboration, and unlock ROI with fewer errors, stronger fraud prevention, and smoother operations.
Markets Japanese government bond yields are soaring. (ft.com) 30-year Treasury yields hit levels not seen since 2007. (axios.com) Joe Weisenthal and Tracy Alloway talk with Steven Englander about why yields are rising around the world. (podcasts.apple.com) Strategy Investors learn the wrong lessons from bull markets. (novelinvestor.com) What to invest in when everything looks unattractive?
When everyone discovered the new pope was from Chicago people immediately dug into Pope Leo’s back story. From Chicago. White Sox fan, not Cubs. Probably liked Portillos, Malort and Lou Malnati’s. It was also uncovered the Pope’s childhood home on the southside of Chicago was listed for sale. It was a relatively small house built in the 1950s with 3 bedrooms, 3 bathrooms, measuring in at 1,050 square fe.
Cathie Wood’s funds made their biggest purchase of Taiwan Semiconductor Manufacturing Co. shares in nearly a year, underscoring a change in stance from being mostly sellers of the chipmaker since the third quarter of last year.
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.
What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For May, Realtor.com reported inventory was up 30.6% YoY, but still down 16.3% compared to the 2017 to 2019 same month levels. Now - on a weekly basis - inventory is up 29.7% YoY. Realtor.com has monthly and weekly data on the existing home market.
IRRs The many problems with private equity IRRs. (on.ft.com) Doing the math on private equity performance. (valueandopportunity.com) Research Even the best performing stocks go through gut-wrenching drawdowns. (morganstanley.com) How macro effects move factor returns. (mrzepczynski.blogspot.com) How Warren Buffett's performance can inform us about sustainable rates of return.
We also discussed why investors are buying the dip more often, the future of retail trading, how tax-deferred retirement accounts will evolve and how AI will change the wealth management landscape. Further Reading: Two of the Biggest Trends This Decade The post The Dumb Money Isn’t So Dumb Anymore appeared first on A Wealth of Common Sense.
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?
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