Calculated Risk
AUGUST 26, 2022
The BEA released the Personal Income and Outlays report for July: Personal income increased $47.0 billion (0.2 percent) in July , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $37.6 billion (0.2 percent) and personal consumption expenditures (PCE) increased $23.7 billion (0.1 percent).
The Big Picture
AUGUST 26, 2022
I had a fascinating conversation with an old friend who has been working in a giant bulge bracket firm his entire multi-decade career. What made this particular conversation so intriguing was his sudden epiphany about the Sell-side. Our previous discussions (debates really) were over the traditional model of brokerage I push back against versus the fee-based fiduciary asset management I embrace.
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Calculated Risk
AUGUST 26, 2022
From BofA: [W]e continue to track 3Q GDP at 0.5% q/q saar [August 26 estimate] emphasis added From Goldman: The personal consumption details were softer than our previous assumptions, and we lowered our Q3 GDP tracking estimate by 0.2pp to +1.0% (qoq ar). [August 26 estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 1.6 percent on August 26, up from 1.4 percent on August 24.
Wealth Management
AUGUST 26, 2022
As firms scramble to stay off FINRA’s new “leper list” of broker/dealers with histories of misconduct, some say smaller businesses and reps with only minor regulatory blemishes are being unduly tarnished.
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The Reformed Broker
AUGUST 26, 2022
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Devon Drew, and Downtown Josh Brown discuss Jackson Hole, Adam Neumann’s new venture, crypto regulation, the best performing stocks since March 2020, using AI in asset management, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!
Wealth Management
AUGUST 26, 2022
Despite the hefty increases, some apartment owners say rents for many tenants remain below accepted affordability ceilings.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
AUGUST 26, 2022
Clients planning on exiting the U.S.? Leaving the US and giving up your US citizenship is possible but complicated and costly.
The Big Picture
AUGUST 26, 2022
The Lincoln Continental began life as a personal vehicle for Ford Motor Company President Edsel Ford. In 1938, Ford commissioned a one-off design from company Chief Stylist Eugene T. Bob Gregorie. In what would give the model line its name, the exterior was given European “continental” styling elements, including a rear-mounted spare tire.
Wealth Management
AUGUST 26, 2022
Mackie & Waller Wealth Management Group joins Sanctuary via Cape Rock Private Wealth in eastern Missouri.
Calculated Risk
AUGUST 26, 2022
From Fed Chair Powell: Monetary Policy and Price Stability ( watch on YouTube here ) Excerpt: Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance. Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions.
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.
Wealth Management
AUGUST 26, 2022
Michael Shillin misled clients into thinking he was buying pre-IPO stocks in high-profile companies and long-term care policies on their behalf, but it was all a ruse, according to the DOJ.
Abnormal Returns
AUGUST 26, 2022
Crypto Louis Sykes, "Inflating your ego is a dangerous exercise. Some of the most intelligent, most sophisticated traders on the planet lost everything in this crypto bear market because they let ego get in the way of judgment." (allstarcharts.com) Everything you need to know about the Ethereum merge. (nytimes.com) FTX is consolidating its VC efforts.
Wealth Management
AUGUST 26, 2022
It’s important to understand the ceilings that the IRA will start to place on out-of-pocket drug costs for your clients, starting in 2023.
Abnormal Returns
AUGUST 26, 2022
The biz YouTube has launched a podcast homepage. (techcrunch.com) A look at how Spotify's ($SPOT) podcast recommendation algorithm works. (wearebumper.com) Twitter ($TWTR) is adding podcast to its live audio tab. (hollywoodreporter.com) NPR is bring some of its most popular podcasts to YouTube. (npr.org) Raj Chetty Russ Robert talks with Raj Chetty about his research into economic mobility.
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.
Wealth Management
AUGUST 26, 2022
Retirement industry thought leaders answer three probing questions on critical issues providing an open, honest and candid dialogue.
A Wealth of Common Sense
AUGUST 26, 2022
I don’t make a lot of predictions because, well, predicting the future is hard. The problem with predictions is there is almost always something that comes out of left field that derails even the most informed projections. I predicted the following in March 2020: Potential real estate boom following the quarantine as ppl constantly notice all the little things about their houses they don’t like?
Wealth Management
AUGUST 26, 2022
Michael Shillin misled clients into thinking he was buying pre-IPO stocks in high-profile companies and long-term care policies on their behalf, but it was all a ruse, according to the DOJ.
WiserAdvisor
AUGUST 26, 2022
When it comes to money management, there are a lot of different schools of thought. Some people believe it’s best to do everything independently, while others think it’s always worth hiring a professional. So, which is the right approach for you? There are a few things to consider when making this decision. First, do you have the necessary financial acumen and knowledge to make financial decisions?
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.
Wealth Management
AUGUST 26, 2022
Home Partners isn’t first large investor to back away from the US housing market, which reached a frenzied state during the first half of the year.
Mullooly Asset Management
AUGUST 26, 2022
We are often asked “what can I expect my investments to earn if I work with you?” While it is an important question, there is no easy answer. In this week’s podcast, Tom, Brendan, Tim AND Casey weigh in on the best way to set investment performance expectations, the difference between average returns, and returns […] We are often asked “what can I expect my investments to earn if I work with you?”.
Wealth Management
AUGUST 26, 2022
The central bank will likely keep raising interest rates and leave them elevated for some time to battle inflation.
Elevating Your Business
AUGUST 26, 2022
Do you have a vision? Sarah Hughes, the Olympic gold medal ice skater, had hers at age six. Joseph Campbell, the folklore author, found his after visiting the Museum of History in New York City. Oprah Winfrey remembers, at age four, watching her grandmother washing clothes by boiling them—Oprah "knew" then that her life would. The post Deliberately Designing a Vision for the Next 12 Months and Beyond appeared first on Female Financial Advisor Coach.
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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.
Alpha Architect
AUGUST 26, 2022
Here is the bottom line: converting into the ETF structure can bring a lot of benefits to the table, but porting your official track record over to an ETF can be challenging. However, even if the facts and circumstances of your situation suggest that porting your official track record into an ETF is impossible, all is not lost. Retail consumers, institutional investors, platform providers, gate-keepers, and so forth, will likely be aware of your previous performance and reputation as an asset ma
oXYGen Financial
AUGUST 26, 2022
Random Roger's Retirement Planning
AUGUST 26, 2022
Alternate title "Is It Me, Am I The Idiot?" A short post today about risk parity which I don't think works in a fund wrapper. Risk parity seeks to equal out the risk taken by allocating to stocks and bonds by leveraging up the bond exposure to equal the risk of the equity allocation. It's intellectually appealing but again, I've never seen it work in a fund.
Validea
AUGUST 26, 2022
Looking for an investment model that emulates Buffett quantitatively, click here to learn more about Validea’s Warren Buffett inspired investment method. In a 13F filing made public last week, Berkshire Hathaway has snapped up 3.9 million more shares of Apple and poured more into its already substantial energy investments, reports an article in The Wall Street Journal.
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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?
Good Financial Cents
AUGUST 26, 2022
Whether you’re unhappy with your student loans or want to know if you can find a better deal, it’s only natural to ask yourself, “ Should I refinance my student loans? “ This is a great question, but it’s one that doesn’t have a cut and dry answer. There are times when it absolutely makes sense to refinance your student loans, but there are also scenarios where you’d be better off keeping the student loans you have.
Validea
AUGUST 26, 2022
Prem Watsa, the chairman and CEO of Toronto-based Fairfax Financial Holdings Ltd., who is well-known for predicting the financial collapse in 2007-2008, has bought roughly $149 million worth of Fairfax shares, reports BNN Bloomberg Canada. Watsa is a controlling shareholder at Fairfax, with just under 42% of the votes at the company. The new purchase has brought Watsa 482,600 subordinate voting shares.
Trade Brains
AUGUST 26, 2022
You can now own your favorite companies such as Amazon and Netflix! Yes, you heard it right! Indian investors like you and me can now invest in US stocks with the ease of sitting in our homes. In this article, we will discuss everything you need to know about investing in US stocks through NSE IFSC! About NSE IFSC. National Stock Exchange of India Limited (NSE) got approval from SEBI to form an International Financial Service Centre (IFSC) in the Gujarat International Finance Tech City (GIFT).
Validea
AUGUST 26, 2022
See how the largest tech stocks in the market score/rank using Validea’s Factor Report and through our Guru Analysis Engine. Apple Inc (AAPL). Amazon.com Inc (AMZN). Microsoft Corporation (MSFT). Facebook Inc (FB). Alphabet Inc (GOOGL). Value investing involves far more than a simple financial metric such as price-to-book value or price/earnings ratio, contends an opinion piece in Forbes.
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