Humanizing a Brand
Wealth Management
JUNE 6, 2024
Create a brand focused on you by being relatable and authentic helps gain clients.
Thu.Jun 06, 2024
325 
Thanks, Joe! Updating Brandon’s Restaurants
The Big Picture
JUNE 6, 2024
I spend a lot of time debunking investment-related b t. Given the general innumeracy of the public, it’s easy for a dishonest publisher of economic data to create narratives that are not only false and misleading but effective at confusing the public. Typically, it takes years before sufficient data amasses to prove how wrong these people were.
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Trending Sources
The Word on WealthTech for June 2024
Wealth Management
JUNE 6, 2024
F2 Strategy's co-founder and CEO provides his take on the most important wealth management technology news of the last month.
Realtor.com Reports Active Inventory Up 35.5% YoY
Calculated Risk
JUNE 6, 2024
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 April, Realtor.com reported inventory was up 35.2% YoY, but still down almost 34% compared to April 2017 to 2019 levels. Now - on a weekly basis - inventory is up 35.5% YoY. Realtor.com has monthly and weekly data on the existing home market.
Live Demo - Supercharge your Month End Close
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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
Digital Regulation Is On the Rise. Don’t Ignore These Regulators
Wealth Management
JUNE 6, 2024
The SEC and FINRA are being transparent about their increased regulatory activity around off-channel communications and the marketing rule.
Longform links: the AI age
Abnormal Returns
JUNE 6, 2024
Books Jack Raines talks with Kyla Scanlon about her new book "In This Economy?: How Money & Markets Really Work." (sherwood.news) An excerpt from "Triumph of the Yuppies: America, the Eighties, and the Creation of an Unequal Nation" by Tom McGrath. (politico.com) An excerpt from "In the Shadows: True Stories of High-Stakes Negotiations to Free Americans Captured Abroad" by Mickey Bergman.
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More Trending
Thursday links: the free-trial trap
Abnormal Returns
JUNE 6, 2024
Markets When does 'talking your book' tip over into market manipulation? (wsj.com) Why you shouldn't be worried about index funds just yet. (thefinancialbodyguard.com) Crypto Robinhood ($HOOD) is buying BitStamp. (theblock.co) Franklin Templeton ($BEN) is exploring funds with altcoins. (coindesk.com) Former FTX customers just got a big break. (sherwood.news) Alternatives There are very good reasons why hedge fund managers are not publicly traded.
The Diamond Podcast for Financial Advisors: A Guide to Surviving and Thriving in a Hyper-Compliant Environment
Wealth Management
JUNE 6, 2024
Mindy and Louis Diamond share the warning signs all advisors should pay attention to and proactive steps an advisor can take to protect themselves.
Weekly Initial Unemployment Claims Increase to 229,000
Calculated Risk
JUNE 6, 2024
The DOL reported : In the week ending June 1, the advance figure for seasonally adjusted initial claims was 229,000 , an increase of 8,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 219,000 to 221,000. The 4-week moving average was 222,250, a decrease of 750 from the previous week's revised average.
Publicly Traded REITs Bounced Back in May
Wealth Management
JUNE 6, 2024
REITs posted total returns north of 5% for the month, although they remain in negative territory year-to-date.
2025 Industry Index: How Top Advisors Are Scaling Smarter (and Faster) This Year
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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
Trade Deficit Increased to $74.6 Billion in April
Calculated Risk
JUNE 6, 2024
The Census Bureau and the Bureau of Economic Analysis reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $74.6 billion in April , up $6.0 billion from $68.6 billion in March, revised. April exports were $263.7 billion, $2.1 billion more than March exports. April imports were $338.2 billion, $8.0 billion more than March imports. emphasis added Click on graph for larger image.
Active ETFs Boom as State Street Eyes Record $260B Inflow
Wealth Management
JUNE 6, 2024
Portfolio managers have poured money into the active sector for 50 consecutive months after a $22 billion allocation in May, data compiled by Bloomberg Intelligence show.
1st Look at Local Housing Markets in May
Calculated Risk
JUNE 6, 2024
Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in May A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to May 2019 for each local market (some 2019 data is not available). This is the first look at several early reporting local markets in May. I’m tracking over 40 local housing markets in the US.
Private Credit and Its Investors Fret the Golden Age Has Gone
Wealth Management
JUNE 6, 2024
The pace of buyouts is slowing and some private credit funds are struggling to return cash to their investors.
Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management
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.
May Employment Preview
Calculated Risk
JUNE 6, 2024
On Friday at 8:30 AM ET, the BLS will release the employment report for May. The consensus is for 180,000 jobs added, and for the unemployment rate to be unchanged at 3.9%. There were 175,000 jobs added in April, and the unemployment rate was at 3.9%. From Goldman Sachs economist Spencer Hill We estimate nonfarm payrolls rose by 160k in May , somewhat below consensus.
Cetera Taps Fidelity Personal Trust President to Lead Corporate Strategy
Wealth Management
JUNE 6, 2024
Scott Baker replaces George Karris, who has opted to retire, and will be responsible for creating growth opportunities for Cetera.
Friday: Employment Report, Q1 Flow of Funds
Calculated Risk
JUNE 6, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 8:30 AM ET, Employment Report for May. The consensus is for 180,000 jobs added, and for the unemployment rate to be unchanged at 3.9%. 12:00 PM: Q1 Flow of Funds Accounts of the United States from the Federal Reserve.
Despite a Court Tossing Out Private Fund Rules, Advisors May Still Follow its Guidance
Wealth Management
JUNE 6, 2024
In spite of the Court of Appeals striking down SEC’s Private Fund Adviser Rules, advisors might be compelled to offer clients greater transparency
What Your Financial Statements Are Telling You—And How to Listen!
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.
How Would You Invest $14 Million?
A Wealth of Common Sense
JUNE 6, 2024
We also discussed questions about our personal investment decisions, switching your portfolio from individual stocks to index funds, the potential impact of artificial general intelligence and investment advice for a college senior. Further Reading: If You’re Still Worried You Aren’t Wealthy 1That CFA designation still comes in handy from time to time. 2Assuming you put some thought into that allocation and i.
Engaging With Clients Around Charitable Giving
Wealth Management
JUNE 6, 2024
PhilanthPro's Nicholas Palahnuk details the importance of philanthropy for clients and building connections with the next generation.
Annuities Bring Peace of Mind in an Uncertain World
NAIFA Advisor Today
JUNE 6, 2024
Message From the CEO Graduates of NAIFA’s Leadership in Life Institute have a deep appreciation for The 7 Habits of Highly Effective People by renowned leadership authority Stephen Covey. They may be familiar with Covey’s quote, “If there’s one thing that’s certain in business, it’s uncertainty.” The same principle applies to life. Transitions often amplify uncertainty, and among the most uncertain times for many is the transition into retirement.
What you need to know about SMAs
Wealth Management
JUNE 6, 2024
Are you customizing your client portfolios enough? The PSN Mid-Year Outlook outlines substantial reasons SMAs are attracting new investors.
How to Avoid Pitfalls In Automation: Keep Humans In the Loop
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.
Allocating To Game Stop Gift Cards?
Random Roger's Retirement Planning
JUNE 6, 2024
Several quick hits today. GraniteShares has filed for a suite of what it will call YieldBoost ETFs that will sell put options on levered index and single stock ETFs ranging from 1.5x-3x levered funds. Like a lot of the "derivative income funds," the yields will be sky high. The market won't go against the strategy too often but occasionally, when there are large declines, the risk to these getting torched would be enormous.
StraightLine Group: Customizing The Tech Stack For Clients In Retirement
Wealth Management
JUNE 6, 2024
Chief Growth Officer Rob Rickey discusses the modifications the $1.1 billion AUM firm has made to serve its clientele.
Create a multi-line practice to maximize business and bonds
Million Dollar Round Table (MDRT)
JUNE 6, 2024
By Liz DeCarlo, MDRT Content Manager If you’re not offering clients a full suite of service, you’re probably leaving business on the table, said Saad Anthony Baksh, BSc , a 16-year member from Marabella, Trinidad and Tobago, in his 2017 MDRT Annual Meeting presentation. “If you’re an advisor with a smaller territory or operating in a small country, you’re giving away your clients.
'Operational Alpha' and Dealing in Scale
Wealth Management
JUNE 6, 2024
Brooklyn Investments' Erkko Etula explains how advisors can serve clients with personalized portfolios that are tax and cost efficient.
Book of Secrets on the Month-End Close
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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.
The S&P 500, Dow and Nasdaq Since Their 2000 Highs
Advisor Perspectives
JUNE 6, 2024
Here is a look at real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq composite since their 2000 highs. We've updated this through the May 2024 close.
Amara Raja Energy & Mobility: Powering Future with Lithium-Ion Batteries and Global Expansion
Trade Brains
JUNE 6, 2024
Amara Raja Energy & Mobility: Imagine a world without the constant hum of electricity. Cars sit silent, factories grind to a halt, and even a simple phone call becomes impossible. This power outage might seem like a nightmare, but it highlights the crucial role of energy storage in our daily lives. Here comes Amara Raja Energy and Mobility Ltd which stands tall as a leading player in this vital space.
Trade Deficit Widens to 18-Month High in April
Advisor Perspectives
JUNE 6, 2024
The U.S. international trade in goods and services is published monthly by the Bureau of Economic Analysis with data going back to 1992 and details U.S. exports and imports of goods and services. In April, the trade deficit widened to an 18-month high by expanding 8.7% to $74.56B. The latest reading was better than the forecast of $76.20B.
Social Security: Will It Still Be There?
NAIFA Advisor Today
JUNE 6, 2024
In the ever-evolving landscape of retirement planning, Social Security remains a critical source of income for most Americans. The annual release of the Trust Fund Report, issued in May, sparked widespread media coverage and client concern. Questions such as "Will Social Security still be there?" and "Is it going broke?" continue to circulate. Join us for a webinar on Wednesday, June 26, 2024, from 12:00 pm to 1:00 pm Eastern, sponsored by Security Mutual Life which can help you deal with the co
Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success
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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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