Wealth Management
JUNE 6, 2025
In addition, Steward opens an Arizona office with the acquisition of a $225M RIA; Mariner brings on a $1.4B firm with professional athlete clients; and $8B Perigon recruits an advisor from Merrill Lynch.
Calculated Risk
JUNE 4, 2025
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 3.9 percent from one week earlier, according to data from the Mortgage Bankers Associations (MBA) Weekly Mortgage Applications Survey for the week ending May 30, 2025. This weeks results included an adjustment for the Memorial Day holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.9 percent on a seasonally adjusted basis from one week earlier.
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The Big Picture
JUNE 3, 2025
I’m on the road visiting our new office in Chicago and then heading to meet clients in San Francisco. However, after hearing some misinformation on TV from the usual suspects, I felt compelled to remind people of some key facts about the US debt and deficits. For a period of ~20 years, beginning after the September 11th attack, accelerating after the GFC, and running up until the 2022 rate hikes, the United States enjoyed incredibly low interest rates.
Calculated Risk
JUNE 3, 2025
From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 7.4 million in April , the U.S. Bureau of Labor Statistics reported today. Over the month, both hires and total separations were little changed at 5.6 million and 5.3 million, respectively. Within separations, quits (3.2 million) and layoffs and discharges (1.8 million) changed little. emphasis added The following graph shows job openings (black line), hires (dark blue), Layoff, Discharges and
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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
Nerd's Eye View
JUNE 3, 2025
Welcome everyone! Welcome to the 440th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Nina Hajjar. Nina is a partner of Stratos CA, a hybrid advisory firm affiliated with Stratos Wealth Partners and based in Los Angeles, California, that oversees approximately $500 million in assets under management for 300 client households.
Abnormal Returns
JUNE 3, 2025
Quant stuff How to (carefully) use ChatGPT in your research. (quantpedia.com) A round-up of recent white papers including 'When the Market Outgrows the Index.' (bpsandpieces.com) The winners of the Quantpedia Awards 2025 including "The Unintended Consequences of Rebalancing" by Harvey, Mazzoleni & Melone. (quantpedia.com) Analysts What analysts actually pay attention to.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
JUNE 4, 2025
Growing US fiscal pressures prompt advisors to consider Swiss-based investments as a hedge against dollar devaluation and to preserve multigenerational wealth.
Nerd's Eye View
JUNE 6, 2025
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent report finds that the number of SEC-registered RIAs, the assets that they manage, and the number of clients they serve all increased between 2023 and 2024 and suggests the industry is robust across the size spectrum, with both smaller and mid-sized firms seeing growth (often pushing them into higher size brackets and/or from state to SEC registration) and re
Abnormal Returns
JUNE 8, 2025
Top clicks this week On the importance of avoiding big investment mistakes. (behaviouralinvestment.com) Replacing Ajit Jain at Berkshire Hathaway ($BRK.A) will be no easy task. (wsj.com) How major asset classes performed in May 2025. (capitalspectator.com) An example when home bias is damaging to your portfolio. (notes.archie-hall.com) Capital flight is about more than debt and deficits.
Trade Brains
JUNE 7, 2025
This Company’s Stock had risen over 3,110 percent from Rs. 20.93 in June of 2020 to make an all-time high of Rs. 674 in September of 2024. Giving a significant return to their investors. If an investor had put Rs. 1 lakh into the stock, that Rs. 1 Lakh would have turned to Rs. 31,09,000 if someone had invested in 2020 and held the share till the peak in September of 2024.
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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
Wealth Management
JUNE 2, 2025
Private asset manager Partners Group appointed Anastasia Amoroso as managing director and chief investment strategist for private wealth and retirement.
Calculated Risk
JUNE 2, 2025
From the Census Bureau reported that overall construction spending decreased: Construction spending during April 2025 was estimated at a seasonally adjusted annual rate of $2,152.4 billion, 0.4 percent below the revised March estimate of $2,162.0 billion. The April figure is 0.5 percent below the April 2024 estimate of $2,163.2 billion. During the first four months of this year, construction spending amounted to $660.2 billion, 1.4 percent above the $651.3 billion for the same period in 2024. em
Nerd's Eye View
JUNE 9, 2025
2025 has had a tumultuous start for most advisory firms, as tariffs-driven market volatility has increased client anxiety and the amount of required hand-holding, forcing advisory firms to manage their own expenses a bit more closely in the face of greater revenue uncertainty. In the meantime, the buzz around AI continues to increase as well, less now about whether the tools will replace financial advisors (they don't), and more about how advisory firms can better leverage the technology to be m
A Wealth of Common Sense
JUNE 3, 2025
I am a middle-aged person so that means I check Zillow regularly. I’m not in the market for a house. I just like checking real estate prices. That’s what you do when you get older. You become interested in real estate. I do it every time I travel somewhere. Our favorite spring break destination these past few years has been Marco Island, FL.
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.
Fortune Financial
JUNE 4, 2025
As an investor, imagine if you could invest in an industry that enjoys the pricing power and regulatory barriers enjoyed by tobacco incumbents as well as the growth prospects of high tech? That would be a kind of investment Nirvana, wouldn’t it? Well, it just so happens that such an industry exists, and it is the multilayered aerospace industry.
Wealth Management
JUNE 3, 2025
BNY Pershing head Jim Crowley said this years annual INSITE conference reflects the start of a transition to bringing more of the services of its parent bank to advisors.
Calculated Risk
JUNE 4, 2025
From ADP: ADP National Employment Report: Private Sector Employment Increased by 37,000 Jobs in May; Annual Pay was Up 4.5% After a strong start to the year, hiring is losing momentum , said Dr. Nela Richardson, chief economist, ADP. Pay growth, however, was little changed in May, holding at robust levels for both job-stayers and job-changers. emphasis added This was well below the consensus forecast of 120,000.
Nerd's Eye View
JUNE 4, 2025
When a financial advisor transitions from one firm to another, they're often offered incentives by the new firm based on how much client revenue they bring with them. The challenge, however, is that advisors generally don't have the legal authority to simply transfer clients to a new firm. Because client relationships are technically "owned" by the firm – not the individual advisor – any transition requires clients to take action to shift from one firm to the other.
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.
Advisor Perspectives
JUNE 5, 2025
Closed-end funds can offer stable income streams, but also have some benefits over ETFs when it comes to fund structure.
The Big Picture
JUNE 9, 2025
My back-to-work morning train WFH reads: • What Mr. Beast Teaches Us About The American Dream : There’s something uniquely captivating about peeking behind the curtain of a great mind. Whether it’s Beethoven’s notebooks, Steve Jobs’ keynote drafts, or a director’s storyboards, seeing how brilliance unfolds is a rare and privileged glimpse into the architecture of ambition.
Wealth Management
JUNE 6, 2025
State Street survey reveals growing retail investor appetite for alternative assets, with private equity expected to benefit most from market democratization.
Calculated Risk
JUNE 4, 2025
This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the May 2025 seasonally adjusted annual sales rate (SAAR) of 446 thousand. Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019.
Speaker: Erroll Amacker
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.
Abnormal Returns
JUNE 7, 2025
Tesla Tesla ($TSLA) has a China problem. (advisorperspectives.com) Tesla ($TSLA) FSD has a sun glare problem. (bloomberg.com) Elon Musk has buyer's remorse. (sherwood.news) Autos Waymo is increasing its lead in self-driving vehicles. (wsj.com) Slate EVs are ambitious price-wise. (sherwood.news) Why Nepal loves EVs. (fastcompany.com) Energy In the South, solar power pays better than timber.
Advisor Perspectives
JUNE 2, 2025
The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) came in at 48.5 in May, indicating contraction in U.S. manufacturing for a third straight month. The latest reading was below the forecast of 49.3.
Nerd's Eye View
JUNE 2, 2025
Welcome to the June 2025 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 FinmateAI has announced a new integration with PreciseFP, which will allow financial planning data that's collected in advisory meetings (like balance sheet, cash flow, and savings information) to be pu
Wealth Management
JUNE 4, 2025
Billionaire David Geffen files for divorce from David Armstrong after less than two years, revealing how estate planning can safeguard wealth.
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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.
Calculated Risk
JUNE 3, 2025
Wards Auto released their estimate of light vehicle sales for May: U.S. Light-Vehicle Sales Growth Slows in May After March-April Tariff Surge (pay site). Although sales in May dropped to a level more in line with in fact, slightly below - pre-tariff expectations after spiking above trend in the prior two months due to consumers trying to get ahead of potential tariff-related price increases, part of the cooling off was caused by the drain on inventory from the March-April surge.
WiserAdvisor
JUNE 4, 2025
Apart from new laws and changes in regulations, it is also important to pay attention to emerging investment trendsevery year. The financial planning industry is constantly undergoing change. However, the shift in recent years has been particularly noteworthy and is likely to evolve even more in the future, given the moment in history we are experiencing.
Advisor Perspectives
JUNE 3, 2025
The S&P 500 real monthly averages of daily closes reached a new all-time high in December 2024 but has retreated from it over the past few months. Let's examine the past to broaden our understanding of the range of historical bull and bear market trends in market performance.
Trade Brains
JUNE 7, 2025
Bigger changes are coming to American Express Credit Cards executing from June 12, 2025. Whether you are a Platinum user or a SmartEarn holder, these updates are more probable to impact every Amex card holder. These revised rewards to updated fees, Amex is overhauling many of the key features. Here is why you should pay attention to: Some benefits are reduced and some are removed.
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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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