Tue.May 21, 2024

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Tuesday links: more natural than typing

Abnormal Returns

Markets The stock market is not rigged against the little guy. (awealthofcommonsense.com) Should stock market investors care about the coming election? (ofdollarsanddata.com) Why don't more people engage in probabilistic thinking? (behaviouralinvestment.com) Why does gold still have a hold on us? (unherd.com) Microsoft Windows had to die so Microsoft ($MSFT) could thrive.

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Modern Wealth Adds $570M AUM In Two Deals

Wealth Management

The acquisitions of Wealth Management Solutions and Autumn Wind Asset Management represent Modern Wealth’s seventh and eighth transactions and bring its assets to over $3.7 billion.

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Research links: financial charlatans

Abnormal Returns

Debt How do private debt funds perform, post-fees and properly adjusted for risk? (papers.ssrn.com) Are 'fallen angels' still an opportunity? (morningstar.com) Retail A look at the performance of Seeking Alpha stock recommendations. (alphaarchitect.com) Don't discount the impact of stock market memes. (papers.ssrn.com) Retail traders pay attention to analyst revisions.

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No, The Stock Market is Not Rigged Against the Little Guy

A Wealth of Common Sense

Here’s a take from Dave Portnoy: A lot of people share these views. It’s the kind of thing that gets people riled up. The market is rigged! It’s one giant casino where the house always wins! That narrative tends to accompany stories like this: Investors who jumped into the latest online frenzy over shares of the struggling video game retailer lost $13.1 billion in just three days from the mania’s.

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Live Demo: How to Achieve Reconciliation Zen

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

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

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Help your downsizing clients create their legacy

Investment Writing

Many investment and financial advisors have older clients who struggle with decluttering as they prepare to downsize. I picked up some useful ideas from a session presented by Matt Paxton, the host of the PBS program Legacy List and the author of a book that had the same title as his presentation, Keep the Memories, Lose the Stuff: Declutter, Downsize, and Move Forward with Your Life.

Clients 111

More Trending

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Wednesday: Existing Home Sales, FOMC Minutes, Architecture Billings Index

Calculated Risk

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 10:00 AM, Existing Home Sales for April from the National Association of Realtors (NAR). The consensus is for 4.18 million SAAR, down from 4.19 million.

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Wealthstack Roundup: Ron Pruitt Named Orion Wealth Management President

Wealth Management

Also, Sanctuary Wealth appoints Robert Coppola as chief technology officer, DriveWealth hires new executives and Commonwealth Financial Network partners with iCapital.

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Upside Tasuki Gap Candlestick Pattern – Key Features And More

Trade Brains

Upside Tasuki Gap Candlestick Pattern: Traders rely on technical analysis to predict the future movement of the price in the stock to earn profits. The technical analysis comprises multiple methods from candlestick patterns and chart patterns to indicators. Candlestick patterns are derived from historical reactions of price and used to predict future movement.

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Are You Over Thinking the Sale?

Advisor Perspectives

Losing a sale comes not from failing to educate your prospect on the complexities of their situation. It comes from failing to simplify their problem.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

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Single Family Built-for-Rent Up 20% Year-over-year in Q1

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Single Family Built-for-Rent Up 20% Year-over-year in Q1 A brief excerpt: Along with the monthly housing starts report for April released last week, the Census Bureau also released Housing Units Started by Purpose and Design through Q1 2024. The first graph shows the number of single family and multi-family units started with the intent to rent.

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For Optimal Real Estate Performance, Blend Public and Private Assets

Wealth Management

A new report from J.P. Morgan Asset Management examines how different ratios of public to private real estate holdings affect returns and volatility.

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Building Wealth With Real Estate: A Look Back

Advisor Perspectives

The goal that was so theoretical in my 20’s had become a reality in my 60’s. I had become financially independent by investing in real estate.

Investing 105
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When you’re out of the office, are you really away?

Million Dollar Round Table (MDRT)

By Matt Pais, MDRT Content Specialist On a recent vacation, Angelia Z. Shay, CLU, ChFC , noticed her two travel mates doing something that was entirely contrary to the purpose of the trip: They were working. “We were supposed to have gone to have time away; the two other girls were constantly in their email and on their phone,” the 24-year MDRT member from Ashland, Virginia, said.

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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor

During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.

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Inflation Math Inconsistent With Economic Math in Q1 2024

Advisor Perspectives

To say that inflation data during the first quarter of the year surprised us and the markets is clearly an understatement and by Tuesday of this week, with the higher-than-expected Producer Price Index (PPI) print for April, markets were clearly on edge as they were also potentially expecting a higher reading for the Consumer Price Index (CPI) on Wednesday.

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SEC Narrows Scope of Internet Adviser Exemption

XY Planning Network

Advisors relying on the Internet Adviser Exemption to qualify for SEC registration should confirm they continue to meet the requirements under the amended exemption. Since its approval by the SEC in 2002, the Internet Adviser Exemption has gained increasing popularity and interest among advisers as a possible path to SEC registration, especially if the adviser may not otherwise qualify for federal registration.

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Middle-Class Hourly Wages as of April 2024

Advisor Perspectives

This series has been updated to include the April release of the consumer price index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $50,264, down 7.8% from over 50 years ago. After adjusting for inflation, hourly earnings are below their all-time high from April 2020.

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Adjusted for Risk: Taking Advantage of Market Inefficiencies Through Distressed Investing

Wealth Management

Schultze Asset Management's George Schultze discusses distressed investing.

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Transforming Lending: Understanding the Power of Digital Platforms

Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.

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Big Changes Are Coming

Advisor Perspectives

While the impact of current AI systems is already proving disruptive, an even more seismic shift may lie on the horizon: the possibility of artificial general intelligence (AGI) reaching or surpassing human-level intelligence.

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A Multidisciplinary Approach to Philanthropy and Multigenerational Trusts

Wealth Management

How high-net-worth families can provide long-term legacy and governance solutions.

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Schwab Market Perspective: The Pace of Rate Cuts

Advisor Perspectives

Inflation data has continued to fuel uncertainty about when the Federal Reserve will begin to cut interest rates. It's a question with global implications.

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QSBS Valuation for Enhanced Estate And Tax Benefits

Wealth Management

A cornerstone in strategic planning to optimize clients’ financial legacies.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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Common Mistakes in Client Agreements That Can Cost

Advisor Perspectives

The investment advisory agreements entered into between an advisor and their clients are the principal documents governing the advisory relationship. Yet we too often see advisors using templates provided by third parties that do not properly reflect their desired terms for their relationship with their clients.

Clients 69
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FINRA Bulletin Uncovers Blind Spots for Wealth Managers About Life Settlements

Wealth Management

What are the risks you need to discuss with your clients?

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Margin Debt Down 1.1% in April

Advisor Perspectives

FINRA has released new data for margin debt, now available through April. The latest debt level fell for the first time in six months to $775.46 billion. Margin debt is down 1.1% month-over-month (MoM) and up 22.7% year-over-year (YoY). However, after adjusting for inflation, debt level is down 1.5% MoM and up 18.7% YoY.

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ETFs with the Worst Returns Over the Past Five Years

Wealth Management

The last half-decade was not good to these funds.

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The Blueprint for a Customer-Centric Digital Lending Experience

Creating a winning digital lending experience requires plenty of focus on the needs of customers and more. Biz2X Chief Product Officer Aaron Traub covers everything from how to create such an experience, areas to hone in on, pitfalls to avoid, and plenty more in this insightful article. Discover how to utilize new technology without alienating existing customers, what to emphasize when working on your platform, and how to utilize the data at your disposal while not becoming overly reliant on it.

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LA Port Traffic Increased Year-over-year in April

Calculated Risk

Container traffic gives us an idea about the volume of goods being exported and imported - and usually some hints about the trade report since LA area ports handle about 40% of the nation's container port traffic. The following graphs are for inbound and outbound traffic at the ports of Los Angeles and Long Beach in TEUs (TEUs: 20-foot equivalent units or 20-foot-long cargo container).

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What a World Growing Older Fast Means for Investing

Advisor Perspectives

Idanna Appio spent 15 years at the Federal Reserve Bank of New York analysing the history of sovereign debt crises. Now, as a fund manager at the $138 billion First Eagle Investments, she’s reached a conclusion: US Treasury bonds are too risky to hold.

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Trending Topics Regarding the SECURE 2.0 Act

Wealth Management

Trending Topics Regarding The SECURE 2.0 Act.

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