Calculated Risk
JUNE 7, 2024
The headline jobs number in the May employment report was well above expectations, however March and April payrolls were revised down by 15,000 combined. The participation rate and employment population ratio decreased, and the unemployment rate increased to 4.0%. Construction employment increased 21 thousand and is now 613 thousand above the pre-pandemic level.
Wealth Management
JUNE 7, 2024
According to the new Capgemini World Wealth Report, advisors and families offices are eyeing the same pool of ultra-wealthy clients. By working together, they could both benefit.
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Calculated Risk
JUNE 7, 2024
From Manheim Consulting today: Wholesale Used-Vehicle Prices Declined in May Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were down in May compared to April. The Manheim Used Vehicle Value Index (MUVVI) fell to 197.3, a decline of 12.1% from a year ago. The seasonal adjustment to the index reduced the impact on the month, resulting in values that declined 0.6% month over month.
Wealth Management
JUNE 7, 2024
AdviserCyber's Michael Cocanower details what the pending regulations mean for RIAs.
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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
Abnormal Returns
JUNE 7, 2024
Markets Why the ranks of 'degens' are growing. (wsj.com) How to avoid the meme stock drama. (morningstar.com) Some math that traders need to know. (scheplick.com) Crypto What Robinhood ($HOOD) wants with BitStamp. (blockworks.co) Autos The car market is normalizing. (nytimes.com) Unsold Tesla ($TSLA) inventory is piling up. (sherwood.news) Tourism How much does tourism help you understand about another country?
Wealth Management
JUNE 7, 2024
Ken Denman has also joined TIFIN's Board of Directors.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
JUNE 7, 2024
Lido Advisors Chief Market Strategist Walker Williams talks about all things risk.
Calculated Risk
JUNE 7, 2024
The Federal Reserve released the Q1 2024 Flow of Funds report today: Financial Accounts of the United States. The net worth of households and nonprofits rose to $160.8 trillion during the first quarter of 2024. The value of directly and indirectly held corporate equities increased $3.8 trillion and the value of real estate increased $0.9 trillion. Household debt increased 2.9 percent at an annual rate in the first quarter of 2024.
Wealth Management
JUNE 7, 2024
Political contributions can pose compliance concerns—and reputational risks—to firms in a hotly contested election year.
Calculated Risk
JUNE 7, 2024
From the BLS : Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0 percent , the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in several industries, led by health care; government; leisure and hospitality; and professional, scientific, and technical services.
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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
Wealth Management
JUNE 7, 2024
The importance of a household approach, value addition, and effective change management strategies.
Nerd's Eye View
JUNE 7, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that recent surveys indicate that consumers continue to trust human financial advisors more than Artificial Intelligence (AI)-powered tools. Nonetheless, respondents (particularly those in younger generations) do not see this as an either-or choice, but rather anticipate benefitting from working with human advisors who leverage AI tools for certain tasks (e.g., detecting fraud
Wealth Management
JUNE 7, 2024
Merchant expects to double its network of RIAs over the next two to three years, as it continues to expand globally.
Calculated Risk
JUNE 7, 2024
From BofA: Since last week,1Q GDP tracking is up from 1.3% q/q saar to 1.6% q/q saar and 2Q GDP tracking is down two-tenths to 1.6%. [June 7th estimate] emphasis added From Goldman: Wholesale inventories increased somewhat below consensus expectations and the preliminary report. We lowered our Q2 GDP tracking estimate to +2.1% (qoq ar) , reflecting weaker details in yesterday’s trade report.
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
JUNE 7, 2024
Cresset is acquiring the Michigan-based $1.6 billion family office Connable Group. The acquisition will Cresset's AUM above $52 billion.
Calculated Risk
JUNE 7, 2024
Today, in the Real Estate Newsletter: The "Home ATM" Mostly Closed in Q1 Excerpt: During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.
Wealth Management
JUNE 7, 2024
JFG’s CIO Dominic Ceci discusses the $10 billion RIA’s rules-based rebalancing approach, the opportunity he sees in reinsurance, and the decision to phase out the cash allocation over the next year.
A Wealth of Common Sense
JUNE 7, 2024
Americans are earning more income from their investments than ever before. Here’s the data from the Wall Street Journal: Americans in the first quarter earned about $3.7 trillion from interest and dividends at a seasonally adjusted annual rate, according to the Commerce Department, up roughly $770 billion from four years earlier. That’s a whole lot of passive income.
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.
Discipline Funds
JUNE 7, 2024
Here are three things I think I am thinking about this weekend. I kid. It’s all one thing, but here are three thoughts on that one thing: 1) The Labor Report Was [Fill in the blank] I’ve often joked over the last 3 years that the Covid economy created a “tell your own narrative” economy. And that situation is very much intact.
Advisor Perspectives
JUNE 7, 2024
Let's take a close look at May's employment report numbers on Full and Part-Time Employment. The latest data shows that 82.6% of total employed workers are full-time (35+ hours) and 17.
Random Roger's Retirement Planning
JUNE 7, 2024
A bunch of quick hits from this weekends Barron's as the articles come out today. For all the worry about retirement readiness, Barrons found a survey where retirees say they are doing just fine. That's great but not really what the potential crisis is about. If there is a problem, it is with people still working who are collectively very undersaved for their retirement.
The Better Letter
JUNE 7, 2024
In his early days as a professional investor, Warren Buffett focused on “ cigar butt ” stocks. “If you buy a stock at a sufficiently low price, there will usually be some hiccup in the fortunes of the business that gives you a chance to unload at a decent profit, even though the long-term performance of the business may be terrible.
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
JUNE 7, 2024
As of Q1 2024, the latest Fed balance sheet indicates that household net worth has risen 171% since reaching its 2009 low. However, when adjusted for inflation, household net worth has actually increased by only 86% since the 2009 trough.
Trade Brains
JUNE 7, 2024
Auto Stocks: The Indian motorcycle industry is the favoured and always beloved Industry among commuters and enthusiasts alike. In most tier 2 and tier 3 cities it is the primary mode of transportation for people with a budget. This industry is experiencing a new wave of excitement with the entry of foreign automobile companies partnering with well-known Indian brands.
Advisor Perspectives
JUNE 7, 2024
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process.
Trade Brains
JUNE 7, 2024
Angel One: Imagine a bustling marketplace, not for fruits and vegetables, but for a different kind of treasure, the ownership in companies. This is the stock market, a dynamic space where businesses raise capital and ambitious individuals chase the potential for growth. But how does one participate in this complex ecosystem? Enter the realm of brokerage firms, your trusted guides in this financial odyssey.
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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.
Advisor Perspectives
JUNE 7, 2024
There is a general belief that there are four big indicators that the NBER Business Cycle Dating Committee weighs heavily in their cycle identification process. This commentary focuses on one of those indicators, nonfarm employment. May saw a 272,000 increase in total non-farm payrolls and the unemployment inched up to 4.0%.
Sara Grillo
JUNE 7, 2024
“I want to upgrade my client base and work with ultra high net worth individuals and Family Office clients. How do I meet them?” Whoa, let’s press pause for a second. These are some of the richest families in the world. Are you ready to present yourself to them? I studied several of the wealth managers who work with Family Offices.
Advisor Perspectives
JUNE 7, 2024
Pop Quiz! Without recourse to your text, your notes, or a Google search, what line item is the largest asset in Uncle Sam's financial accounts? A) U.S.
Indigo Marketing Agency
JUNE 7, 2024
The world of digital marketing is ever-evolving, and social media stands out as an exceptionally powerful tool! Financial advisors can leverage this tool to connect with clients, build trust, and grow their business. But many advisors fall into common traps that hinder their social media success. #FAIL! At Indigo Marketing Agency, we specialize in helping financial advisors optimize their marketing strategies.
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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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