Abnormal Returns
DECEMBER 2, 2024
Markets How major asset classes performed in November 2024. (capitalspectator.com) Crypto Why managing a leveraged Microstrategy ($MSTR) ETF is harder than it looks. (wsj.com) Crypto ETFs continue to attract record inflows. (msn.com) Silk Road Bitcoin are in motion. (coindesk.com) Crypto is a 24/7/365 enterprise. (howardlindzon.com) Private credit The private credit industry how has its own data companies.
Calculated Risk
DECEMBER 2, 2024
Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in October; Up 3.7% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.45% month-over-month on a seasonally adjusted (SA) basis in October. On a year-over-year basis, the National FMHPI was up 3.7% in October, down from up 3.8% YoY in September.
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Nerd's Eye View
DECEMBER 2, 2024
Welcome to the December 2024 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 the retail brokerage platform Robinhood is acquiring RIA custodian TradePMR, which appears to be less about Robinhood wanting to compete with the likes of Schwab and Fidelity in the custodial space
Calculated Risk
DECEMBER 2, 2024
Altos reports that active single-family inventory was down 1.7% week-over-week. Inventory is now 4.4% below the peak for the year (6 weeks ago). Inventory will now decline seasonally until early next year. The first graph shows the seasonal pattern for active single-family inventory since 2015. Click on graph for larger image. The red line is for 2024.
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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
Wealth Management
DECEMBER 2, 2024
About 83% of aspiring CFP planners under 35 are “very likely” or “likely” to work at a firm encouraging pro bono policies, according to a new survey.
Abnormal Returns
DECEMBER 2, 2024
Podcasts Brendan Frazier talks 'Behavioral Finance 3.0' with Meir Statman author of "A Wealth of Well-Being: A Holistic Approach to Behavioral Finance." (podcasts.apple.com) Michael Kitces talks with Kevin Leahy, CEO of Connecticut Wealth Management, about building an effective internal adviser training program. (kitces.com) Thomas Kopelman and Jacob Turner talk with Daniel Crosby author of "The Soul of Wealth.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Big Picture
DECEMBER 2, 2024
My back-to-work morning train WFH reads: • The Asset of the Millennium Isn’t What You Think: Here’s a real Y2K surprise — 25 years later, its Gold. The third millennium (assuming it started in January 2000; remember Y2K?) is almost 25 years old. And it makes a sensible landmark on many levels for anyone trying to understand financial history. Vladimir Putin came to power in Russia, nearly to the day.
Wealth Management
DECEMBER 2, 2024
The alternative asset management behemoth announced three senior leadership additions, including a new global COO on its private wealth team.
XY Planning Network
DECEMBER 2, 2024
We’re big fans of anniversaries here at XYPN. We champion all the big and small milestones reached by XYPN members from their first 6 months to their 10th year in the Network. That’s because when you’re independent, having a Network that recognizes your wins and supports your struggles can make all the difference. At XYPN LIVE 2024, we celebrated 10 years of doing that—supporting fee-for-service financial advisors in launching, running, and growing the firm of their dreams.
Wealth Management
DECEMBER 2, 2024
BlackRock is nearing a deal to buy HPS Investment Partners, a purchase that would vault the firm into the top ranks of private credit.
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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
Carson Wealth
DECEMBER 2, 2024
Five Things to Know About December The final month of 2024 is here, and this week we wanted to show why the chance of another strong month to end this record-breaking year is likely. Here are five things to know about December. First, you should know about the Santa Claus Rally (SCR). The SCR is named for the period that includes the last five trading days of December and the first two trading days of the new year.
Wealth Management
DECEMBER 2, 2024
Constellation has invested $150 million representing less than 10% of Cresset's business.
Validea
DECEMBER 2, 2024
In this episode of Two Quants and a Financial Planner, we explore the timeless investing wisdom of Ben Carlson. We break down several crucial investing concepts, including why investors shouldn’t blindly follow billionaires’ market moves, the importance of finding an investment strategy you can stick with, and why the market rarely operates at extremes despite what headlines might suggest.
Wealth Management
DECEMBER 2, 2024
Some key philanthropy trends and predictions for 2025.
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.
Cornerstone Financial Advisory
DECEMBER 2, 2024
Weekly Market Insights | December 2nd, 2024 Solid Gains for Thanksgiving Week Stocks posted solid gains over a short and busy holiday week as investors parsed fresh economic data, comments on potential future trade policy, and a few Q3 reports from technology companies. The Standard & Poor’s 500 Index gained 1.06 percent, while the Nasdaq Composite Index advanced 1.13 percent.
Wealth Management
DECEMBER 2, 2024
Rich Franchella joins Procyon to lead business development and recruit advisor teams across the RIA’s business verticals.
Calculated Risk
DECEMBER 2, 2024
(Posted with permission). The ISM manufacturing index indicated expansion. The PMI® was at 48.4% in November, up from 46.5% in October. The employment index was at 48.1%, up from 44.4% the previous month, and the new orders index was at 50.4%, up from 47.1%. From ISM: Manufacturing PMI® at 48.4% November 2024 Manufacturing ISM® Report On Business® Economic activity in the manufacturing sector contracted in November for the eighth consecutive month and the 24th time in the last 25 months, say the
Random Roger's Retirement Planning
DECEMBER 2, 2024
Two quick hits. Posted to Bluesky by Sean Brodrick. Part of the story obviously is that there are now dozens of leveraged ETF versus a handful the further you look on that chart from right to left. This is an indication of some form of excess even if we can't precisely nail it down. That people are speculating with leverage on 2X Microstrategy, Nvidia and Tesla ETFs won't be the thing that causes the music to stop but they will mark the era when and if things go bad with this.
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.
Carson Wealth
DECEMBER 2, 2024
This week on Take 5, Ryan Detrick, Chief Market Strategist at Carson Group, shares five reasons to be thankful during Thanksgiving week. Talking points include: The ongoing bull market, with broad sector growth and consecutive strong S&P 500 performance Inflation has eased, with Thanksgiving meal costs down 5% The economy remains robust, with record earnings and profit margins The Federal Reserve’s pause in rate hikes and potential cuts signal optimism for housing and small business recovery
Advisor Perspectives
DECEMBER 2, 2024
As of November 29, 2024, the 10-year note was 366 basis points above its historic closing low of 0.52% reached on August 4, 2020.
NAIFA Advisor Today
DECEMBER 2, 2024
Wallene Leek, RICP, FSCP, LTCP, LUTCF , loyal member since 2002, has a remarkable career that illustrates the transformative power of life insurance and the importance of passing on knowledge and values to future generations. Based in Nashville, Wallene found her way into the insurance field through a profound personal experience that forever shaped her perspective.
Advisor Perspectives
DECEMBER 2, 2024
Expectations for solid corporate earnings drove our U.S. and Japanese equity overweights this year. They have delivered, showing that fundamentals are key. Earnings strength could matter more to equity investors in 2025 over valuations.
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.
Alpha Architect
DECEMBER 2, 2024
This paper examines the time-varying roles of subjective expectations in driving stock price and return variations. Time-Varying Drivers of Stock Prices was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
NAIFA Advisor Today
DECEMBER 2, 2024
Joshua Herrington-Vickers is a dedicated financial services professional and US Air Force veteran. With a career rooted in service and a personal mission of bridging financial planning across borders, he embodies the core values of integrity, service before self, and excellence. Passionate about community and industry involvement, Joshua is also actively engaged with NAIFA, working to promote membership and collaboration among financial advisors.
A Wealth of Common Sense
DECEMBER 2, 2024
Today’s Talk Your Book is brought to you by J.P. Morgan Asset Management: See here and here for more information on J.P. Morgan Asset Management ETF research On today’s show, we discuss: Where the ETF flows are coming from The growth and decline of thematic ETF flows Why the AGG does not include a variety of bonds Why fixed income indices are easier to beat than equity indices Thoughts on private assets withi.
Advisor Perspectives
DECEMBER 2, 2024
This week, in what I hope is a short Thanksgiving letter, I will talk about why that is simultaneously one of the most important and irrelevant questions you should be thinking about as we come into the holiday season.
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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.
Tobias Financial
DECEMBER 2, 2024
As the end of the year approaches, we want to help you spot time-sensitive planning opportunities. Perhaps you… Are considering making year-end gifts to charitable organizations or family members and need to determine your optimal funding strategy; Are looking to reduce your income tax liability this year and are seeking loss harvesting and income-reduction opportunities; or Wish to make a high-level survey of your financial picture, ensuring that you aren’t missing any windows of opportunity th
Advisor Perspectives
DECEMBER 2, 2024
The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) increased to 48.4 in November but remains in contraction territory for an eighth straight month. The index has now contracted for 24 of the past 25 months. The latest reading was better than the forecast of 47.7.
NAIFA Advisor Today
DECEMBER 2, 2024
Discover how to seamlessly combine charitable giving with retirement income strategies in our upcoming webinar Bridging Charitable Planning with Retirement Income on Tuesday December 10, 2024, from 12:00 to 1:00 pm Eastern. This session is a must-attend for financial professionals looking to provide their clients with innovative, efficient, and impactful planning solutions.
Advisor Perspectives
DECEMBER 2, 2024
Short-term rates are going down because the Treasury is issuing related debt at lower rates. Meanwhile, long-term rates are going up because the Fed is not intervening. The Fed is trapped in a vicious cycle. Can you see a way out?
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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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