Abnormal Returns
MAY 3, 2024
Berkshire Hathaway Is Berkshire's energy business still a growth engine moving forward? (bloomberg.com) You can't talk Berkshire without talking about Apple ($AAPL). (wsj.com) Why Berkshire Hathaway ($BRK.A) should buy Boeing ($BA). (bloomberg.com) Finance Regional banks are embracing their boring side. (bloomberg.com) SVB is selling its venture capital arm.
Nerd's Eye View
MAY 3, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study indicates that nearly a third of advisors in the independent broker-dealer channel have considered transitioning to the RIA channel during the past year as they seek higher payouts and not just "independence" but greater autonomy over how they run their businesses and serve their clients.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Abnormal Returns
MAY 3, 2024
Alternatives Patrick O'Shaughnessy talks with Marc Lasry, CEO of Avenue Capital Group, about investing in sports. (joincolossus.com) Matt Ziegler talks with Howard Lindzon about the intersection of markets and venture capital. (epsilontheory.com) Phil Bak talks volatility laundering and more with Cliff Asness. (youtube.com) Hedge funds William Green chats with Bryan Lawrence, a highly successful hedge fund manager who runs Oakcliff Capital.
The Big Picture
MAY 3, 2024
She was previously president of Honey, where she orchestrated the company’s sale to PayPal Holdings Inc. for $4 billion. She has been named one of Ad Age’s 100 Most Influential Women in Advertising. She previously held executive leadership positions at Microsoft, Yahoo!, Pinterest, SoFi, Demand Media. BusinessWeek nd the San Francisco Chronicle.
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
Calculated Risk
MAY 3, 2024
The headline jobs number in the April employment report was below expectations, and February and March payrolls were revised down by 22,000 combined. The employment population ratio decreased, and the unemployment rate increased to 3.9%. Construction employment increased 9 thousand and is now 604 thousand above the pre-pandemic level. Manufacturing employment increased 8 thousand and is now 181 thousand above the pre-pandemic level.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
MAY 3, 2024
Timothy Admire, president and CEO of Willow Creek Wealth Management, discusses maximizing the capabilities of the technology his $1.7 billion AUM firm is already paying for.
Advisor Perspectives
MAY 3, 2024
Apple Inc. shares jumped the most in almost a year-and-a-half after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism that a slowdown is easing.
Wealth Management
MAY 3, 2024
The Federation of Americans for Consumer Choice and several co-plaintiffs claim the Department of Labor wants to “fundamentally reshape” settled industry practices.
Advisor Perspectives
MAY 3, 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. April saw a 175,000 increase in total non-farm payrolls and the unemployment inched up to 3.9%.
Advertisement
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.
Wealth Management
MAY 3, 2024
Eddy Ray Blizzard pleaded guilty late last year to defrauding an elderly victim of his retirement funds. An FBI Special Agent said Blizzard deserved “every year” in prison.
Advisor Perspectives
MAY 3, 2024
The S&P 500 finished in the green this week thanks to a late week rally. The index is currently up 8.12% year to date and now sits 2.41% below its record close from March 28, 2024.
Wealth Management
MAY 3, 2024
Sixth Street has held preliminary talks with potential investors about the vehicle, which will seek to invest in sports teams and leagues, media rights and related businesses.
Random Roger's Retirement Planning
MAY 3, 2024
Barron's wrote about the mess of required minimum distributions (RMDs) from IRAs. The age that we have to start is slowly going higher which is good thing but criticisms of RMDs being unnecessarily complicated are more than fair. The comments were useful as is often the case. One sentiment that popped up a few times was the threat of RMDs kicking people into higher tax brackets.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Wealth Management
MAY 3, 2024
The ratings agency says the move reflects “elevated acquisition-related liabilities and share repurchase activities.
A Wealth of Common Sense
MAY 3, 2024
The season 3 finale of Lost was one of the most mind-blowing episodes of television I’ve ever watched. It completely broke the mold of the show from flashbacks to flashforwards. We have to go back is a line that’s etched into my memory for good: Subscribe to The Compound so you never miss an episode. Further Reading: Who is Buying a House in This Market?
Wealth Management
MAY 3, 2024
Also, BlackRock invests in Willow, Betterment For Advisors expands its partnership with XYPN and Fusion IQ introduces FIQ Freedom.
Alpha Architect
MAY 3, 2024
Momentum continues to receive much attention from researchers because of the strong empirical evidence. Momentum and the Clarity of the Trend was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Advertisement
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.
Wealth Management
MAY 3, 2024
Our industry can do better, and both advisors and clients should expect more, writes Farther’s CEO and co-founder.
Advisor Perspectives
MAY 3, 2024
Wall Street analysts see a double-digit upside potential for the S&P 500’s biggest losers this year: real estate stocks.
Calculated Risk
MAY 3, 2024
From the BLS : Total nonfarm payroll employment increased by 175,000 in April, and the unemployment rate changed little at 3.9 percent , the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in social assistance, and in transportation and warehousing. The change in total nonfarm payroll employment for February was revised down by 34,000, from +270,000 to +236,000, and the change for March was revised up by 12,000, from +303,000 to +315,000.
Advisor Perspectives
MAY 3, 2024
The Institute of Supply Management (ISM) has released its April services purchasing managers' index (PMI). The headline composite index is at 49.4, falling short of the 52.0 forecast. The latest reading moves the index into contraction territory for the first time since December 2022.
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.
Calculated Risk
MAY 3, 2024
From Goldman: We lowered our Q2 GDP tracking estimate by 0.1pp to +3.3% (qoq ar) and our domestic final sales estimate by the same amount to +2.7% (qoq ar). [May 2nd estimate] emphasis added And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 3.3 percent on May 2, unchanged from May 1 after rounding.
Wealth Management
MAY 3, 2024
IndexGPT is a new range of thematic investment baskets created with the help of OpenAI’s GPT-4 model.
Calculated Risk
MAY 3, 2024
Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 2.4% Below Peak Excerpt: It has been over 17 years since the bubble peak. In the February Case-Shiller house price index released on Tuesday, the seasonally adjusted National Index (SA), was reported as being 71% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 10% above the bubble peak (and historically there has been an upward slope to real house prices).
Wealth Management
MAY 3, 2024
Investors should consider the reinvestment risk inherent in cash.
Advertisement
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.
Advisor Perspectives
MAY 3, 2024
The April U.S. services purchasing managers' index (PMI) conducted by S&P Global came in at 51.3, just above the 50.9 forecast. The latest reading keeps the index in expansion territory for the 15th straight month.
Discipline Funds
MAY 3, 2024
Here are some things I think I am thinking about this weekend. 1) The labor market continues to soften. Friday’s employment report was just right. Not too hot and not too cold. But it also showed very clear signs of a softening labor market as I discussed earlier in the week when we got the JOLTS report and the quit rate. As expected, the quit rate was indicative of lower hourly earnings and the recent rate of 3.9% is the lowest year over year gain in hourly earnings in a long time.
Advisor Perspectives
MAY 3, 2024
As the Federal Reserve acknowledges a setback in its inflation fight, one question looms large: Why hasn’t the economy slowed the way policymakers expected?
Expert insights. Personalized for you.
220 
Let's personalize your content