Don’t Be Tempted By Pop-Up Estate Planning Schemes
Wealth Management
AUGUST 22, 2024
Stick with the basics when preparing for the high exemption sunset.
Thu.Aug 22, 2024
299 
Thursday links: the tip of the iceberg
Abnormal Returns
AUGUST 22, 2024
Strategy Successful investors have a long time horizon. (awealthofcommonsense.com) An example of overconfidence and leverage. (novelinvestor.com) Finance The VC boom of the early 2020s is showing up in historically bad performance. (sherwood.news) Credit card companies are adding additional perks like lounges at concert venues. (wsj.com) The popularity of sports gambling as a market failure.
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Trending Sources
RBC Adds $693M Team From Morgan Stanley
Wealth Management
AUGUST 22, 2024
The nine-person Paradigm Group will open RBC’s first branch in Cincinnati.
Navigating Financial Disasters (Updated)
The Big Picture
AUGUST 22, 2024
My keynote at the Greater Kansas City FPA Symposium 2024 is above. They are a great group of people, and very motivated to serve their clients. The deck is an updated version of last year’s presentation to investors at the Orlando Money Show. It has evolved into a few chapters in my upcoming book (more on that to come later). The folks attending the FPA event are all CFPs and advisors, and so I tailored the presentation to ideas they can use to better serve their clients.
Live Demo - Supercharge your Month End Close
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Non-Traded BDCs Surpass $20B in Retail Fundraising
Wealth Management
AUGUST 22, 2024
The segment is just ahead of interval funds among limited liquidity vehicles, according to Robert A. Stanger & Co.
The 60/40 Portfolio Win Rate
A Wealth of Common Sense
AUGUST 22, 2024
Callie Cox, our new Chief Market Strategist at Ritholtz Wealth, joined me on the show this week to discuss questions about the potential for a recession, what the Fed should do now, going all in on the Nasdaq 100 in your retirement accounts and how markets move in off hours. Further Reading: What’s the Worst Long-Term Return For U.S. Stocks? 1Taxes and fees are excluded as well, of course.
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Kansas City Fed Manufacturing: Activity Declined Less in August
Advisor Perspectives
AUGUST 22, 2024
The latest Kansas City Fed Manufacturing Survey composite index did not decline as much in August following a sharper decline last month. The composite index came in at -3, up from -13 in July. Meanwhile, the future outlook increased to 8.
AI-Focused AlphaTrAI Acquires Anchor Advisory Services
Wealth Management
AUGUST 22, 2024
The six-year-old company, led by former LPL exec Bill Dwyer, will integrate its AI capabilities into Anchor's sales enablement platform.
Kitces & Carl Ep 145: Explaining The Value Of Financial (Life) Planning By Unlocking The Emotional Job To Be Done
Nerd's Eye View
AUGUST 22, 2024
As advisory firm websites have become crucial to the prospecting pipeline, displaying fees can present a delicate challenge for advisors. On the one hand, displaying fees can help a client determine whether an advisor will fit into their budget and may build trust when an advisor demonstrates transparency by explaining how their fee applies to their value proposition; on the other hand, even with a clear explanation, prospects may find it difficult to understand exactly how the value of an advic
The Diamond Podcast for Financial Advisors: Going Independent Without Leaving a Wirehouse
Wealth Management
AUGUST 22, 2024
Jason Andrews and Ross Bauer of Merritt Point Wealth Advisors demonstrate how their transition from Wells Fargo PCG to FiNet resulted in new growth opportunities.
Your Accounting Expertise Will Only Get You So Far: What Really Matters
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
A Legacy of Growth and Advocacy in Financial Services
NAIFA Advisor Today
AUGUST 22, 2024
David Wood’s journey in the financial services industry is a testament to dedication, vision, and an unwavering commitment to growth. Based in Marlborough, CT, Wood has been a loyal member of the National Association of Insurance and Financial Advisors (NAIFA) since 2024, though his connection to the field dates back to the 1990s. As the founder and principal of Gateway Financial Partners, Wood’s career is a blend of pioneering spirit and deep-rooted advocacy.
Member of Nobel Family Invests in US Wealth Firm
Wealth Management
AUGUST 22, 2024
A consortium led by Peter Nobel investing as much as $25 million in Cardea, which is rebranding to Fourcore Capital.
Unemployment Claims Up 4K, Right in Line with Forecasts
Advisor Perspectives
AUGUST 22, 2024
In the week ending August 17th, initial jobless claims were at a seasonally adjusted level of 232,000. This represents an increase of 4,000 from the previous week's figure and is right in line with economist forecasts.
Ameriprise, LPL Face More Cash Sweep Suits
Wealth Management
AUGUST 22, 2024
The lawsuits filed in Minnesota and California federal courts come as a New York-based law firm announced a new task force looking into the controversial practice, assisted by former SEC Commissioner Robert Jackson, Jr.
How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies
Speaker: Kim Beynon, CPA, CGMA, PMP
Chicago Fed National Activity Index: Economic Growth Decreased in July
Advisor Perspectives
AUGUST 22, 2024
The Chicago Fed National Activity Index (CFNAI) fell to -0.34 in July from -0.09 in June. Two of the four broad categories of indicators used to construct the index decreased from June and three categories made negative contributions in July. The index's three-month moving average, CFNAI-MA3, was unchanged at -0.06 in July.
Wamco’s Longtime Bond King Thrust Into Spotlight He Shunned
Wealth Management
AUGUST 22, 2024
Ken Leech is taking a leave of absence as co-chief investment officer after receiving a so-called Wells notice from the SEC, a warning that regulators may recommend enforcement.
Is Elon Musk the Bankers’ Moby Dick? Not Yet
Advisor Perspectives
AUGUST 22, 2024
Call me Ishmael. The biggest question about an investment banking client like Elon Musk is whether he turns out to be a Moby Dick.
Bullish Hikkake Candlestick Pattern – Formation And Psychology
Trade Brains
AUGUST 22, 2024
Candlestick patterns are essential tools in technical analysis, offering insights into potential market reversals and continuations. Among the less common but highly significant patterns is the “Bullish Hikkake” candlestick pattern. In this article, we shall explore the meaning, psychology, formation, and trading strategies of the Bullish Hikkake Candlestick pattern.
2025 Industry Index: How Top Advisors Are Scaling Smarter (and Faster) This Year
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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
Economic Growth Myth & Why Socialism Is Rising
Advisor Perspectives
AUGUST 22, 2024
Since the end of the financial crisis, economists, analysts, and the Federal Reserve have continued to predict a return to higher levels of economic growth. The hope remains that the Trillions of dollars spent during the pandemic-driven economic shutdown will turn into lasting organic economic growth.
Roth and Roll: When a Roth Conversion Could Be Your Best Move
Walkner Condon Financial Advisors
AUGUST 22, 2024
With the expiration of the Tax Cuts and Jobs Act (TCJA) on the horizon at the end of 2025, we have had an uptick in the number of clients asking about doing Roth conversions. If you’re like “wtf is a Roth conversion?” don’t worry, I got you, keep reading.
The Tradeoffs Of Low Volatility
Random Roger's Retirement Planning
AUGUST 22, 2024
Bob Elliott who manages the Unlimited Hedge Fund ETF (HFND) had a blog post that took a dim view of the defined outcome funds, also known as buffer funds. Read the post but the following graphic stood out to me. WRT to buffer funds, Bob did the work to show whatever you're trying to achieve with a buffer fund can be done in a better way. We've made that point here quite a few times.
Podcast Update!
Meb Faber Research
AUGUST 22, 2024
Excited news to share… After almost 550 episodes, the podcast has its own website! You may have noticed we stopped posting podcast episodes here on the blog. Going forward, all episode show notes will be on the new website. Be sure to subscribe on Apple, Spotify, or YouTube! The post Podcast Update! appeared first on Meb Faber Research - Stock Market and Investing Blog.
Protect What Matters: Rethinking Finance Ops In A Digital World
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
Amid Solid Q2 Earnings, Volatility More About Sentiment Than Fundamentals
Advisor Perspectives
AUGUST 22, 2024
Robust U.S. stock momentum hit a slowdown in the third quarter, even as strong company earnings results rolled in. Fundamental Equities’ U.S. and Developed Markets CIO Carrie King weighs in on the incongruence with three reflections from Q2 earnings season.
5 Steps to Client Retention for Financial Advisors
Indigo Marketing Agency
AUGUST 22, 2024
5 Steps to Client Retention for Financial Advisors As a marketing agency for financial advisors, we post a lot about growing your business and attracting new clients. But all too often we see financial advisors ignore marketing when it comes to how to retain clients once they’ve signed. The truth is a strong, consistent marketing strategy is also a great client retention strategy.
Euro Rally Risks Being Abruptly Cut Short by Jerome Powell
Advisor Perspectives
AUGUST 22, 2024
The euro’s August gains have been relentless, taking it to a one year high against the dollar on Wednesday, but a cautious tone from Federal Reserve Chair Jerome Powell on Friday could turn that momentum around.
Longform links: constraining future historians
Abnormal Returns
AUGUST 22, 2024
Books An excerpt from Brooke Harrington’s forthcoming book, "Offshore: Stealth Wealth and the New Colonialism." (theatlantic.com) An excerpt from “Gray Matters: A Biography of Brain Surgery,” by Dr. Theodore H. Schwartz. (wsj.com) An excerpt from "The Happiness of Dogs: Why the Unexamined Life Is Most Worth Living" by Mark Rowlands. (theguardian.com) A Q&A with Julie McFadden author of "Nothing to Fear: Demystifying Death to Live More Fully.
Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management
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.
Existing Home Sales Increase in July, Ending 4-Month Skid
Advisor Perspectives
AUGUST 22, 2024
Existing home sales rose for the first time since February, ending a four-month skid. According to the data from the National Association of Realtors (NAR), existing home sales were up 1.3% from June, reaching a seasonally adjusted annual rate of 3.95 million units in July. This figure came in just above the expected 3.94 million. Existing home sales are down 2.5% compared to one year ago.
Three Things – Happy (Almost) Weekend
Discipline Funds
AUGUST 22, 2024
Here are some things I think I am thinking about this week: 1) That BIG Employment Revision. The biggest news of the week was the -818K employment revision for 2024. This was the biggest revision since 2009 and very large by any measure. For perspective, here are the most recent revisions: 2018: +43K 2019: -501K 2020 -173K 2021: -165K 2022: +462K 2023: -306K Oh boy, the tinfoil hat guys are gonna have a field day with this one.
EM Stocks Getting Cheaper as Investors Cool to Analyst Optimism
Advisor Perspectives
AUGUST 22, 2024
Emerging-market stocks are trading at the steepest discount to US equities since the Covid-19 panic in March 2020 as skittish investors look elsewhere for growth opportunities.
Understanding Social Security Spousal and Survivor Benefits for Retirement
Carson Wealth
AUGUST 22, 2024
Social Security spousal benefits can be a crucial component of the Social Security program, designed to provide financial support to spouses — whether they are currently married, divorced or widowed. Understanding these benefits can significantly impact retirement planning and financial security in your later years. Let’s take a closer look at Social Security spousal benefits, explain who qualifies and cover important aspects such as spousal benefits after divorce and what happens to your benefi
What Your Financial Statements Are Telling You—And How to Listen!
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.
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