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“Nobody Knows Anything,” Wall Street Strategist Edition

The Big Picture

Consider this December 29, 2024, year-end review in Bloomberg : “By this time last year, the stock markets rally had blown past even the most optimistic targets, and Wall Street forecasters were convinced it couldnt keep up the dizzying pace. It is especially true for strategists and forecasters at large brokers and banks.

Banking 345
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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. And it’s not just the U.S. SPIVA reports similar data for Europe , Japan , Canada , Mexico , Brazil , Chile , Middle East , S.

Portfolio 306
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#FASuccess Ep 425: Implementing A Financial Planning Quality Control System To Improve Both Client Outcomes And Referrals, With Sebastian Guerra

Nerd's Eye View

Sebastian is the President of Guerra Wealth Advisors, a hybrid advisory firm based in Miami, Florida, with nearly $15M of revenue and almost 60 team members, supporting over 1,700 client households.

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Adviser links: serving Boomers

Abnormal Returns

riabiz.com) M&A deals in 2024 have been increasing in size. advisorperspectives.com) Financial planning CAN change lives. (youtube.com) The biz Why Hightower Advisors is buying an institutional investment consultant. riabiz.com) Why XYPN felt they needed to launch Sapphire. kitces.com) How long-term care insurance went away.

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New FPA President to Focus on Title Protection in 2024

Wealth Management

Claudia Cypher Kane is the Financial Planning Association's 2024 president; she stressed the FPA would continue to push for title protection.

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How to Best Integrate Tax Planning Into Your Financial Planning Process

Wealth Management

Thursday, November 14, 2024 | 2:00 PM ET

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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, (..)