Calculated Risk
MAY 31, 2024
Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through April 2024. CPI Shelter was up 5.5% year-over-year in April, down from 5.6% in March, and down from the cycle peak of 8.2% in March 2023. Housing (PCE) was up 5.6% YoY in April , down from 5.8% in March, and down from the cycle peak of 8.3% in April 2023.
Wealth Management
MAY 31, 2024
A Boston advisory team with $1 billion in assets is joining Citizens, the latest of a number of former First Republic advisors and teams to leave JP Morgan.
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Calculated Risk
MAY 31, 2024
Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family Serious Delinquency Rate Decreased in April, Multi-family Increased Slightly Brief excerpt: Single-family serious delinquencies decreased in April, and multi-family serious delinquencies increased slightly. Freddie Mac reports that the multi-family delinquencies rate increased to 0.35% in April, up from 0.34% in March, and down from 0.44% in January.
Wealth Management
MAY 31, 2024
After Washington, Missouri is the second known state to send warning letters to advisors over the use of wealthtech tools that can access data in client retirement and banking accounts.
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Abnormal Returns
MAY 31, 2024
Markets There is still more than $6 trillion in money market funds. (apolloacademy.com) Is Japan's stock market finally ready for prime time? (on.ft.com) Strategy We should judge systems by their outcomes, not by their aims. (anildash.com) Good investing advice is timeless. (blogs.cfainstitute.org) Finance Private equity is not recycling capital very quickly.
Wealth Management
MAY 31, 2024
Also, PureFacts Financial Solutions selects BridgeFT’s WealthTech API and MyRepChat founder Derrick Girard joins AdvisorNet Financial as chief growth officer.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
MAY 31, 2024
How does the RIA industry justify acquisitions with high-flying multiples while net organic growth stagnates?
Nerd's Eye View
MAY 31, 2024
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the Financial Planning Association and Money.com are planning to publish a “Best Financial Advisors” list based on advisors’ education, credentials, and experience, as well as harder-to-quantify areas such as trust factors and client communication.
Wealth Management
MAY 31, 2024
The team, led by veteran advisor Michael Taggart, will join RBC's Florham Park, N.J. office.
Calculated Risk
MAY 31, 2024
The BEA released the Personal Income and Outlays report for April: Personal income increased $65.3 billion (0.3 percent at a monthly rate) in April , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) —personal income less personal current taxes—increased $40.2 billion and personal consumption expenditures (PCE) increased $39.1 billion.
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Wealth Management
MAY 31, 2024
Adam and Eleanor Weinstock are joining SLK Private Wealth. The move comes two years after a group of Wells Fargo employees left the wirehouse to form the firm.
Calculated Risk
MAY 31, 2024
From BofA: 1Q GDP was revised down by three-tenths to 1.3% q/q saar, which was broadly in line with our expectations. Meanwhile, our estimate of 2Q GDP ended up unchanged at 1.8% q/q saar from a week ago. [May 31st estimate] emphasis added From Goldman: The consumption details in this morning’s report indicate weak spending momentum to start the quarter, and we lowered our Q2 GDP tracking estimate by 0.4pp to +2.8% (qoq ar) and our domestic final sales estimate by the same amount to +2.1%.
Wealth Management
MAY 31, 2024
Banks including Goldman Sachs Group Inc., Citigroup Inc. and Wells Fargo & Co. have announced plans to cobble together more than $50 billion to plow into private credit in recent months.
The Big Picture
MAY 31, 2024
This week, we speak with Jeffrey Sherman , deputy chief investment officer at DoubleLine Capital. Sherman oversees and administers DoubleLine’s investment management subcommittee; serves as lead portfolio manager for multisector and derivative-based strategies; and is a member of the firm’s executive management and fixed-income asset allocation committees.
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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
Alpha Architect
MAY 31, 2024
There is strong empirical evidence demonstrating 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. Ma, Yang, and Ye’s findings provide another test of both robustness and pervasiveness, increasing our confidence that the findings of momentum in asset prices are not a result of data mining.
A Wealth of Common Sense
MAY 31, 2024
It’s estimated just 1% to 3% of American households owned stocks heading into the Great Depression. Few people made enough money to save and invest back then plus it was difficult to access the market for regular people — no 401ks, IRAs, online brokers, robo-adviors, index funds, ETFs, Robinhood, etc. By the early-1980s stock ownership was more like 1 in 5 households.
Advisor Perspectives
MAY 31, 2024
The latest Chicago Purchasing Manager's Index (Chicago Business Barometer) fell to 35.4 in May from 37.9 in April. This is the sixth straight monthly decline and the lowest level for the index since May 2020. The latest reading is worse than the 41.1 forecast and keeps the index in contraction territory for a sixth consecutive month.
Walkner Condon Financial Advisors
MAY 31, 2024
Breathe Easier Next Tax Season with These Planning Strategies Every year, most of us smile when we see April 15th in the rearview mirror. The completion of our tax returns being filed marks the beginning of a nine month period where we don’t need to think about funny acronyms and form numbers. Most of us enjoy the period of time from the beginning of summer through the holidays without a thought about our tax situations.
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.
Advisor Perspectives
MAY 31, 2024
The Federal Open Market Committee is always data-dependent. But the dependency is not always the same. There are times when inflation matters more than the labor market, and times when the situation is reversed. Every regime is unique. There is never a perfect corollary to a previous experience. This time is not different.
Discipline Funds
MAY 31, 2024
Here are three things I think I am thinking about this weekend: 1) Is the Disinflation Trend about to Gain Momentum Again? Friday’s PCE report showed further improvement in inflation down to 2.75% compared to the year ago rate of 4.76%. There has been a lot of commentary in recent months about a resurgence in inflation or a failure of the Fed to get to its target and while the progress has slowed the trend is still clearly in place and likely to gain momentum to the downside in the remaind
Advisor Perspectives
MAY 31, 2024
Companies going bust, mounting credit card debt, higher mortgage bills.
Trade Brains
MAY 31, 2024
From the classic cup of coffee that jumpstarts our morning to the refreshing glass of juice that quenches our thirst on a hot day, beverages are an essential part of our daily lives. They provide hydration, essential nutrients, and even a moment of pleasure. Beverage companies are the silent heroes behind everyday moments, crafting a wide array of liquid magic that goes beyond quenching thirst.
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.
Advisor Perspectives
MAY 31, 2024
The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of May 17th, the index was at 25.111, up 2.882 from the previous week, with 4 of the 6 components in expansion territory.
Sara Grillo
MAY 31, 2024
Question from a subscriber: “ Should I spend some time asking my clients for Google Reviews? There is one ‘advisor’ I know who has 30 FINRA disclosures and yet a 4.9 Google rating.” Google reviews offer two marketing super wows: Social credibility Improvement of your Google rank And…facts… There are crooks out there getting attention online just because they are willing to put effort into this.
Advisor Perspectives
MAY 31, 2024
The yield on the 10-year note ended May 31, 2024 at 4.51%, the 2-year note ended at 4.89%, and the 30-year at 4.65%.
SEI
MAY 31, 2024
We’ve reached the end of an era of perpetual licensing and overprovisioning, where survival depends on your ability to adapt.
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.
Advisor Perspectives
MAY 31, 2024
Valid until the market close on June 30, 2024 This article provides an update on the monthly moving averages we track for the S&P 500 and the Ivy Portfolio after the close of the last business day of the month.
Sara Grillo
MAY 31, 2024
If you are calling on corporate executives on LinkedIn: Pick 2-3 large companies within a 30 minute drive of your house. Learn the benefits at these companies. You may have to volunteer to do a couple of free 401k plan reviews. Create one posting a month about the most intriguing aspect of these benefit plans, […] To access this post, you must purchase Membership Prime Portal.
Advisor Perspectives
MAY 31, 2024
The S&P 500 snapped its five week win streak, finishing down 0.51% from a week ago, despite Friday's rally. The index is currently up 11.27% year to date and has recorded a new all-time high 24 times this year.
Sara Grillo
MAY 31, 2024
Question from a follower: “ I’m sick of working with small accounts. I want to get bigger clients but I don’t know how.” Before I answer this, I want to be clear with you on something. If you want to up the size of your client relationships, you are probably way better off trying to deepen relationships with existing clients. It is way easier to get incremental business instead of doing what I’m about to say.
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