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Weekend Reading For Financial Planners (November 16-17, 2024)

Nerd's Eye View

Also in industry news this week: NASAA has proposed an amendment to its broker-dealer conduct model rule that would restrict the use of the terms “advisor” and “adviser” for broker-dealers and their registered representatives who are not also investment advisers or investment adviser representatives A recent study suggests that (..)

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FDIC: Number of Problem Banks Decreased in Q4 2024

Calculated Risk

The FDIC released the Quarterly Banking Profile for Q4 2024: Full-Year ROA and Net Income Increased in 2024 The banking industry reported full-year net income of $268.2 The aggregate return-on-assets ratio (ROA) increased 3 basis points to 1.12 percent) in 2024. percent) in 2024. billion, up $14.1 billion (5.6

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The Data on Active Large Cap Underperformance

The Big Picture

All data as of Dec 31, 2024) And, if we go out to 20+ years, practically nobody net of fees has beaten their benchmark. But the key takeaway remains this: Portfolios cannot achieve Alpha if they are not at least getting out with Beta. ~~~ Do you need help with your assets? And it’s not just the U.S.

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Weekend Reading For Financial Planners (June 7–8)

Nerd's Eye View

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, (..)

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Lawler: Federal Reserve Earnings Still Running Negative; No Remittances to Treasury for a While

Calculated Risk

The reason, of course, is that the Federal Reserve funded the bulk of these long-term fixed rate assets with increases in interest-bearing very short-term liabilities mainly depository institution deposits (reserves) and repos --with interest rates tied to the federal funds rate. release, and is available in the FRED database.

Assets 162
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RIA Industry Hit Record Number of Firms, Client AUM in 2024

Wealth Management

increase in assets to $144.6 as of the end of 2024. The Investment Advisor Industrys annual report showed an all-time high of 15,870 SEC-registered advisors overseeing a 12.6%

Numbers 165
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Fed's Flow of Funds: Household Net Worth Decreased $1.6 Trillion in Q1

Calculated Risk

The Federal Reserve released the Q4 2024 Flow of Funds report today: Financial Accounts of the United States. This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc.) in Q4, 2024 Note: This includes households with no mortgage debt. The net worth of households and nonprofits fell to $169.3

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