Wealth Management

OCTOBER 24, 2023

For years, BlackRock inaccurately described Aviron as a “diversified financial services” company, when it was a movie production outfit.

Financial Services 108

Financial Services 108

Wealth Management

SEPTEMBER 27, 2023

Son of heiress to Texaco fortune may be liable for penalties for willful nondisclosures.

109

109

MarketWatch

MAY 11, 2023

Icahn Enterprises LP’s stock IEP fell another 8% premarket Thursday, after short seller Hindenburg Research issued another report on Carl Icahn’s investing arm, saying disclosures made Wednesday raised more questions about Icahn’s margin loans from the company.

Assets 73

Assets Investing Investments Marketing 73

Wealth Management

JUNE 16, 2023

The SEC said on Friday that Pimco failed to disclose key information to investors about how swaps could impact its PIMCO Global StocksPLUS & Income Fund between 2014 and 2016.

78

78

Wealth Management

OCTOBER 23, 2023

The Schlapfer v. Commissioner decision provides some guidance.

57

57

Abnormal Returns

JANUARY 16, 2024

papers.ssrn.com) Do ESG disclosures affect consumer behavior? (papers.ssrn.com) Media (economic) sentiment has gotten increasingly negative over the past 50 years. papers.ssrn.com) Households How market moves affect household investment behavior. Only mildly.

Distribution 226

Distribution Media Assets Economics 226

XY Planning Network

JUNE 13, 2022

5 MIN READ. Outside investment managers—such as TAMPs and robo-advisors—are a popular solution for advisors seeking to offer clients expert asset management services without needing to hone that expertise themselves or simply spend the time doing it (as in financial planning-only firms).

Management 52

Management Investing Investments Compliance 52

Norman Marks

AUGUST 24, 2023

A number of articles have been written (especially by the accounting firms and a few law firms) about the new SEC rules, but it is always useful to read what the SEC actually said. You can find the link in their press release. The press release says: The Securities and Exchange Commission today adopted rules […]

Commission 40

Commission Accounting Numbers Compliance 40

Alpha Architect

APRIL 23, 2024

Please read the Alpha Architect disclosures at your convenience. The implications of wishful thinking and subjective belief choice for endogenous disagreement among investors are substantial and can vary with economic conditions: How investors form beliefs and make decisions was originally published at Alpha Architect.

Economics 81

Economics 81

Alpha Architect

APRIL 15, 2024

Please read the Alpha Architect disclosures at your convenience. The authors develop and test a two-component model to address the question of, "Is Sector Neutrality in Factor Investing a Mistake?" Is Sector Neutrality in Factor Investing a Mistake? was originally published at Alpha Architect.

Investing 109

Investing Investments 109

Abnormal Returns

OCTOBER 10, 2023

institutionalinvestor.com) How AI can be used to parse corporate risk disclosures. AI AI investment models can't explain how they do what they do. msn.com) How JP Morgan Asset Management is rolling out AI tools for its analysts and PMs. papers.ssrn.com) Box spreads The pros and cons of using box spreads to generate cash-like returns.

Portfolio Management 260

Portfolio Management Startup Portfolio Management 260

Alpha Architect

APRIL 17, 2024

Please read the Alpha Architect disclosures at your convenience. But like anything that is worth pursuing, obtaining the charter is no easy task. How to Crush the CFA Exams On Your First Attempt: Part I was originally published at Alpha Architect.

Investing 84

Investing Investments Education 84

Wealth Management

MARCH 22, 2023

Representative Pramila Jayapal, a Democrat, for a second time seeks to push a bill that would mandate greater transparency on live-in care homes, where complicated corporate structures can mask true ownership.

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52

Alpha Architect

APRIL 1, 2024

Please read the Alpha Architect disclosures at your convenience. The authors attempt to fill the void with a two part methodology. Valuing Artificial Intelligence (AI) Stocks was originally published at Alpha Architect.

Valuation 98

Valuation 98

Alpha Architect

MARCH 29, 2024

Please read the Alpha Architect disclosures at your convenience. Strong empirical evidence demonstrates that momentum (both cross-sectional and time-series) provides information on the cross-section of returns of many risk assets and has generated alpha relative to existing asset pricing models.

Economics 95

Economics Assets Investing Investments 95

Alpha Architect

APRIL 26, 2024

Please read the Alpha Architect disclosures at your convenience. The bottom line is that the ability to generate alpha continues to be under assault—trying to outperform the market by stock selection is becoming even more of a loser’s game. Social Media, Analyst Behavior and Market Efficiency was originally published at Alpha Architect.

Media 66

Media Marketing Marketing 66

Alpha Architect

MARCH 1, 2024

Please read the Alpha Architect disclosures at your convenience. In this case, the evidence makes clear that “cut your losses and let your profits run” should not be conventional wisdom. Cut Your Losses and Let Profits Run? was originally published at Alpha Architect.

Investing 113

Investing Investments 113

Alpha Architect

APRIL 3, 2024

Please read the Alpha Architect disclosures at your convenience. It’s a powerful weapon to wield, but like most weapons, it could be inefficient or even dangerous in the hands of the untrained. Tail Hedging Is Not As Easy As You Think was originally published at Alpha Architect.

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89

Alpha Architect

APRIL 12, 2024

Please read the Alpha Architect disclosures at your convenience. For example, from June to August 1932, the momentum portfolio lost about 91%, followed by a second drawdown from April to July 1933. Minimizing the Risk of Cross-Sectional Momentum Crashes was originally published at Alpha Architect.

Portfolio 90

Portfolio Investing Investments 90

Alpha Architect

APRIL 8, 2024

Please read the Alpha Architect disclosures at your convenience. This paper aims to address questions such as whether fees are set uniformly within most funds, and if not, by how much do they vary. Fee Variation in Private Equity was originally published at Alpha Architect.

Investing 86

Investing Investments Marketing Marketing 86

Alpha Architect

MARCH 15, 2024

Please read the Alpha Architect disclosures at your convenience. Breaking Bad Momentum Trends was originally published at Alpha Architect.

Marketing 112

Marketing Marketing Investing Investments 112

Alpha Architect

FEBRUARY 16, 2024

Please read the Alpha Architect disclosures at your convenience. While analysts underwrite high growth for companies that have grown quickly and slow growth for companies that have grown slowly in the past, a large body of evidence demonstrates that reversion to the mean of both positive and negative abnormal earnings growth is the norm.

Assets 112

Assets Investing Investments 112

Wealth Management

DECEMBER 7, 2023

A final rule meant to “standardize” climate-related disclosures for issuers could also come in the spring, according to the White House Office of Management and Budget.

Budgeting 112

Budgeting Management 112

Wealth Management

FEBRUARY 21, 2024

Taxpayer’s “quiet disclosures” corrected her delinquent foreign bank and financial account reports.

Accounting 107

Accounting Banking 107

MarketWatch

APRIL 3, 2023

Merrill Lynch will pay $9.5 million to settle allegations that it charged advisory clients more than $4 million in undisclosed foreign exchange fees, the Securities and Exchange Commission said Monday.

Commission 40

Commission Distribution Clients Banking 40

Alpha Architect

JANUARY 29, 2024

Please read the Alpha Architect disclosures at your convenience. The paper aims to investigate whether experienced institutional portfolio managers (PMs) exhibit behavioral biases in their decision-making processes, specifically focusing on the selling decisions.

Portfolio Management 106

Portfolio Management Portfolio Management Government 106

Alpha Architect

DECEMBER 15, 2023

Please read the Alpha Architect disclosures at your convenience. The timing of equity factor premiums has a strong allure for investors because academic research has found that factor premiums are both time-varying and dependent on the economic cycle. The Temptation of Factor Timing was originally published at Alpha Architect.

Economics 118

Economics Asset Allocation Assets Investing 118

Alpha Architect

APRIL 19, 2024

Please read the Alpha Architect disclosures at your convenience. New research reveals that the performance of the hedge fund industry has not been as bad as the results from studies that relied on hedge fund data providers. The Performance of the Hedge Fund Industry was originally published at Alpha Architect.

61

61

Alpha Architect

JANUARY 26, 2024

Please read the Alpha Architect disclosures at your convenience. Moving Average Distance and Time-Series Momentum was originally published at Alpha Architect.

Investing 113

Investing Investments 113

Alpha Architect

MARCH 14, 2024

Please read the Alpha Architect disclosures at your convenience. When investors have a concentrated stock position that has performed well, they eventually face the same tough question: Should they continue to hold the position (and the outsized exposure it brings to their portfolio) or diversify – and face significant capital gains taxes?

Taxes 94

Taxes Portfolio Investing Investments 94

Alpha Architect

MARCH 1, 2024

Please read the Alpha Architect disclosures at your convenience. No exposure to commodities. Partial exposure to intermediate-term bonds. DIY Trend-Following Allocations: March 2024 was originally published at Alpha Architect.

Asset Allocation 90

Asset Allocation Assets 90

Alpha Architect

APRIL 24, 2024

Please read the Alpha Architect disclosures at your convenience. The key to success is studying for Level I and Level II not for the sake of passing that level, but for the sake of passing Level III. How to Crush the CFA Exams On Your First Attempt: Part II was originally published at Alpha Architect.

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52

Wealth Management

NOVEMBER 13, 2023

The news comes as Avantax faces three lawsuits and "multiple" demand letters from stockholders asking the company for additional financial disclosures.

111

111

Alpha Architect

FEBRUARY 2, 2024

Please read the Alpha Architect disclosures at your convenience. That helps to ensure that capital is allocated efficiently. Trend to Passive Investing Negatively Affecting Active Funds was originally published at Alpha Architect.

Investing 117

Investing Investments Management Marketing 117

Wealth Management

JANUARY 3, 2024

Disclosure of beneficial owner information under the CTA is limited to six categories of recipients.

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116

Alpha Architect

APRIL 5, 2024

Please read the Alpha Architect disclosures at your convenience. Studies have found that there is a correlation between stock market downturns and an increase in hospital admissions for mental illness, an increase in domestic violence, deteriorating mental health among retirees, and increased depression rates.

Marketing 71

Marketing Marketing Investing Investments 71

Alpha Architect

MARCH 25, 2024

Please read the Alpha Architect disclosures at your convenience. Similarly, understanding how Openness influences risk preferences can shed light on why certain individuals are more willing to take investment risks than others. Personality Differences and Investment Decision-Making was originally published at Alpha Architect.

Investing 87

Investing Investments Marketing Marketing 87