Heckenberg’s New PE Firm Makes First Investment in $2.6B AlphaCore Wealth Advisory
Wealth Management
DECEMBER 5, 2023
Constellation Wealth Capital has purchased a minority stake in AlphaCore Wealth, an alts-focused, technology-driven California RIA.
Tue.Dec 05, 2023
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BLS: Job Openings Decreased to 8.7 million in October
Calculated Risk
DECEMBER 5, 2023
From the BLS: Job Openings and Labor Turnover Summary The number of job openings decreased to 8.7 million on the last business day of October , the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations changed little at 5.9 million and 5.6 million, respectively. Within separations, quits (3.6 million) and layoffs and discharges (1.6 million) changed little. emphasis added The following graph shows job openings (black line), hires (dark blue), L
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DFPG Investments Debuts Diversify Advisor Network
Wealth Management
DECEMBER 5, 2023
The alts-focused investment manager reorganizes to expand affiliation options and welcomes three recruits with more than $560 million in assets.
CoreLogic: US Home Prices Increased 4.7% Year-over-year in October
Calculated Risk
DECEMBER 5, 2023
Notes: This CoreLogic House Price Index report is for October. The recent Case-Shiller index release was for September. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: US Home Price Growth Continues Slow But Steady Increase in October, CoreLogic Reports • U.S. single-family home prices increased by 4.7% year over year in September, the 141st straight month of annual appreciation. • CoreLogic projects that annual home price growth will rel
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
Commonwealth Expands Model Portfolio Platform
Wealth Management
DECEMBER 5, 2023
Commonwealth's PPS Select Compass is intended to provide advisors with more control and flexibility in portfolio construction.
Asking Rents Down 1.1% Year-over-year
Calculated Risk
DECEMBER 5, 2023
Today, in the Calculated Risk Real Estate Newsletter: Asking Rents Down 1.1% Year-over-year A brief excerpt: Here is a graph of the year-over-year (YoY) change for these measures since January 2015. Most of these measures are through October 2023, except CoreLogic is through September and Apartment List is through November 2023. The CoreLogic measure is up 2.6% YoY in September, down from 2.9% in August, and down from a peak of 13.9% in April 2022.
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Research links: tracking performance
Abnormal Returns
DECEMBER 5, 2023
Active management Active investing has a tax problem. (alphaarchitect.com) Why the active management space may be bigger than currently measured. (papers.ssrn.com) Replication Managed futures strategies are ripe for replication. (caia.org) How to replicate fund performance using index and smart beta funds. (insights.finominal.com) Factors What happened to the momentum effect?
RIA Edge Podcast: Navigating RIA Growth, Succession Planning with Rob Madore
Wealth Management
DECEMBER 5, 2023
MarshBerry’s Rob Madore shares strategies for growth, succession and the recent shift in how RIAs are approaching mergers and acquisitions.
#FA Success Ep 362: Developing Associate Advisor Compensation Plans And Career Tracks To Scale Capacity Past $1.5B AUM, With Jeff Brown
Nerd's Eye View
DECEMBER 5, 2023
Welcome back to the 362nd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jeff Brown. Jeff is the President of Stratos Private Wealth, an RIA based in San Diego, California, that oversees almost $1.5 billion in assets under management for just over 350 client households. What's unique about Jeff, though, is how his firm has developed associate advisor compensation plans and career tracks, with well-defined Level 1, Level 2, and Level 3 performance indicators of
11 Must Reads for Real Estate Investors (Dec. 6, 2023)
Wealth Management
DECEMBER 5, 2023
The CEOs of Yieldstreet and Cadre talked to Fortune about how the acquisition came together. Private debt and equity options geared for accredited investors continue to proliferate. These are among the must reads from the real estate investment world.
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.
Wednesday: ADP Employment, Trade Deficit
Calculated Risk
DECEMBER 5, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:15 AM, The ADP Employment Report for November. This report is for private payrolls only (no government). The consensus is for 120,000 jobs added, up from 113,000 in October. • At 8:30 AM, Trade Balance report for October from the Census Bureau.
NFL Players Association Names UBS as 'Institutional Financial Advisor'
Wealth Management
DECEMBER 5, 2023
Reps with UBS' Athletes and Entertainers Group will provide “holistic” financial advice to prepare athletes for their post-NFL careers. Other firms with the designation include Goldman Sachs and Morgan Stanley.
Transcript: Michael Fisch
The Big Picture
DECEMBER 5, 2023
The transcript from this week’s, MiB: Michael Fisch, American Securities , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ 00:00:00 [Speaker Changed] This is Masters in business with Barry Ritholtz on Bloomberg Radio. 00:00:07 [Barry Ritholtz] This week on the podcast, I have an extra special guest.
FinCEN Extends CTA Reporting Deadline
Wealth Management
DECEMBER 5, 2023
The new rule gives more time for companies created in 2024 to file initial beneficial ownership reports.
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.
ISM® Services Index Increases to 52.7% in November
Calculated Risk
DECEMBER 5, 2023
(Posted with permission). The ISM® Services index was at 52.7%, up from 51.8% last month. The employment index increased to 50.7%, from 50.2%. Note: Above 50 indicates expansion, below 50 in contraction. From the Institute for Supply Management: Services PMI® at 52.7% November 2023 Services ISM® Report On Business® Economic activity in the services sector expanded in November for the 11th consecutive month as the Services PMI® registered 52.7 percent , say the nation's purchasing and supply exec
Why 1031 Crowdfunding Is Launching its First Private REIT
Wealth Management
DECEMBER 5, 2023
The vehicle, with a specialty in assisted living and memory care properties, aims to eventually be accessible to both accredited and non-accredited investors.
The Fed Matters Less Than You Think
A Wealth of Common Sense
DECEMBER 5, 2023
These were some of the prevailing narratives from the post-GFC world: We only had a bull market in the 2010s because of the Fed juicing the economy. The only reason tech stocks did well is because of low interest rates. The only reason stocks kept recovering from every correction so quickly is because of the Fed put. These narratives all have a kernel of truth to them.
Strategic Stock Selection: Unveiling a Mosaic Approach to Long-Term Value Investing
Wealth Management
DECEMBER 5, 2023
Insights from Nidhi Gupta, portfolio manager at Fidelity Investments, on identifying attractively valued stocks, leveraging global research, and navigating market environments for long-term portfolio growth.
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.
You Are Different, But in a Way You Don’t Realize
Advisor Perspectives
DECEMBER 5, 2023
Don’t waste your money on lead-generation programs, white-label content, or consultants who overpromise and fail to deliver.
Navigating Opportunities in Real Estate: A Strategic Approach to Core and Development Investments
Wealth Management
DECEMBER 5, 2023
Insights from Ellen Hall the head of direct real estate at Fidelity Investments on core strategies, diversification, and identifying value in today's commercial real estate market.
What To Do Before Making a 529 Plan Withdrawal
Advisor Perspectives
DECEMBER 5, 2023
Unlike with a 401(k) plan, you can withdraw as much as you want from your 529 plan at any time. But your 529 plan withdrawal could hit you with severe tax penalties if you use it on nonqualified expenses.
Navigating Opportunities in Direct Lending: Insights from Therese Icuss
Wealth Management
DECEMBER 5, 2023
Therese Icuss, managing director, portfolio management and underwriting, Fidelity Investments, unlocks the vast potential of the U.S. and China middle market, Fidelity's unique approach to bespoke portfolios, and prioritizing client success in the fidelity private credit fund.
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.
5 favorite books in 2023 to boost your career and personal development
Million Dollar Round Table (MDRT)
DECEMBER 5, 2023
By Mark D. Olson, CFP, MSFS Belonging to a book club, especially an MDRT book club, is an investment in yourself. It’s a fantastic way to meet other MDRT members as you discuss your biggest takeaways from business books that can change the way you approach your life professionally — and sometimes personally. Here are a few of the books read by MDRT book clubs: “Smarter Faster Better: The Transformative Power of Real Productivity” by Charles Duhigg Drawing on the latest findings in neuroscience,
An Agent Presents Executive Life Insurance Plans
Wealth Management
DECEMBER 5, 2023
As usual, the challenge is communication.
Long Periods of Boredom
Advisor Perspectives
DECEMBER 5, 2023
Trench warfare in the early 20th century has been described as long periods of boredom punctuated by moments of terror.
Navigating Private Credit: Fidelity's Insight into Direct Lending and Middle Market Strategies
Wealth Management
DECEMBER 5, 2023
David Gaito, head of direct lending at Fidelity, explores the world of direct lending, middle market credit, and the potential of private credit in portfolio diversification and risk management.
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?
Top 7 Derivatives Trading Courses 2024 – Online Derivatives Courses
Trade Brains
DECEMBER 5, 2023
Top 7 Derivatives Trading Courses in 2024 : Derivatives are secondary markets where the performance of an instrument is dependent on an underlying asset or a group of assets. As you know, derivatives are advanced trading/investment instruments and they require skill and knowledge to trade in them. Hence, these courses will guide you to learn the role of futures and options in portfolio construction and spotting trading opportunities.
Maximizing Returns and Minimizing Risk: The Strategic Role of Private Equity in Investment Portfolios
Wealth Management
DECEMBER 5, 2023
Mike Bailey, consultant at Fidelity Technologies Corporation, shares insights into private equity's superior performance, market differentiation, and diversification benefits.
18 Steps For Getting Your Life Together Starting Now
Clever Girl Finance
DECEMBER 5, 2023
Do you ever feel like your life isn’t quite as put together as you thought it would be? Don’t worry; you aren’t alone. And while there’s some comfort to be had in knowing that you aren’t behind your peers in getting your life together, it can still feel disheartening. Well, it’s not too late to achieve that vision you had in mind! Table of contents Getting your life together in 18 steps Expert tip: Take it one step at a time What does it mean to get your life together?
Bill Gross Recession Bet Has Minted Millions From Bond Rally
Advisor Perspectives
DECEMBER 5, 2023
One of the big winners from the sudden furious rally in the US bond market: Bill Gross.
Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100
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Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
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