Wealth Management

JUNE 7, 2023

When asked about raising fees, even clients admit, “You should have done this sooner.

Clients 298

Clients 298

Nerd's Eye View

JUNE 7, 2023

All Investment Adviser Representatives (IAR) of registered investment advisory firms are required to file Form U4, a regulatory filing containing public disclosures of certain information about financial professionals. And while IARs are responsible for keeping their own Form U4 up-to-date, Form U4 – unlike other regulatory forms like Form ADV that require an annual amendment – doesn’t need to be amended unless there is a change warranting an update, which can often lead to an

Compliance 246

Compliance Advertising Media Investing 246

Wealth Management

JUNE 7, 2023

Collaborations with Salesforce, PureFacts and Pontera will add retirement planning, billing and client onboarding capabilities to the multi-custodial platform announced this week at INSITE.

Retirement Planning 264

Retirement Planning Retirement Clients Planning 264

Abnormal Returns

JUNE 7, 2023

Markets A deluge of T-bills is coming. (wsj.com) Why merger arbitrage is become more difficult in this environment. (finance.yahoo.com) Strategy Is this a new bull market? Does it matter? (awealthofcommonsense.com) Arguments about 'recessions' don't really matter to investors. (disciplinefunds.com) Work Are headsets, like the Vision Pro, the future of remote work?

Math 246

Math Financial Advising Media Economy 246

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Clients

Wealth Management

JUNE 7, 2023

Intended to be where family values are passed down to the next generation, a vacation property sometimes acts as a source of generational conflict.

264

264

Abnormal Returns

JUNE 7, 2023

Podcasts Barry Ritholtz talks with Ramit Sethi about living a 'rich life' and his new Netflix how 'How to Get Rich.' (ritholtz.com) Jon Luskin talks with Mike Piper about his new book "More than Enough: A Brief Guide to the Questions That Arise After Realizing You Have More Than You Need." (bogleheads.podbean.com) Benefits How to apply for Social Security benefits.

Math 245

Math Retirement Food Financial Planning 245

Calculated Risk

JUNE 7, 2023

From Manheim Consulting today: Wholesale Used-Vehicle Prices See Continued Declines in May Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 2.7% in May from April. The Manheim Used Vehicle Value Index (MUVVI) declined to 224.5, down 7.6% from a year ago. “Price erosion continued in May, with another month-over-month drop in the index bringing it 0.3 points below our January result,” said Chris Frey, senior manager of Economic and Industry insights for Co

Consulting 234

Consulting Retail Economics Sales 234

Wealth Management

JUNE 7, 2023

Open, honest and candid discussions about the latest news in the RPA industry.

246

246

Calculated Risk

JUNE 7, 2023

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 1.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 2, 2023. This week’s results include an adjustment for the Memorial Day holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.4 percent on a seasonally adjusted basis from one week earlier.

Government 217

Government Sales Marketing Marketing 217

Wealth Management

JUNE 7, 2023

Identifying and locating marital assets is one of the biggest challenges practitioners will face.

Assets 246

Assets 246

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.

Management

Calculated Risk

JUNE 7, 2023

The Census Bureau and the Bureau of Economic Analysis reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $74.6 billion in April , up $14.0 billion from $60.6 billion in March, revised. April exports were $249.0 billion, $9.2 billion less than March exports. April imports were $323.6 billion, $4.8 billion more than March imports. emphasis added Click on graph for larger image.

Economics 208

Economics 208

Wealth Management

JUNE 7, 2023

The Wells Fargo Sports and Entertainment Program will enable advisors to brandish the Sports & Entertainment Accredited Wealth Management Advisor (SE-AWMA) designation, created by the College For Financial Planning.

Wealth Management 246

Wealth Management Financial Planning Clients Planning 246

Calculated Risk

JUNE 7, 2023

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 238 thousand initial claims, up from 232 thousand last week. • At 12:00 PM, Q1 Flow of Funds Accounts of the United States from the Federal Reserve.

Accounting 130

Accounting 130

Wealth Management

JUNE 7, 2023

Practice tips for those who aren’t life insurance professionals.

Insurance 246

Insurance 246

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.

Numbers

Calculated Risk

JUNE 7, 2023

Today, in the Calculated Risk Real Estate Newsletter: Could 6% to 7% 30-Year Mortgage Rates be the "New Normal"? A brief excerpt: A key pitch, by real estate agents for home buyers right now, is that they will likely be able to refinance at a lower mortgage rate in a few years. The argument is that once the Federal Reserve has inflation back down to the 2% target, 30-mortgage rates will decline, perhaps to around 5% or lower.

130

130

Wealth Management

JUNE 7, 2023

Tyrone Ross, the CEO and founder of Turnqey Labs, provides advice on creating a firm culture that embraces inclusivity.

Clients 242

Clients 242

Calculated Risk

JUNE 7, 2023

From Dodge Data Analytics: Dodge Momentum Index Slides 2% in May Due to Weaker Commercial Planning The Dodge Momentum Index (DMI) , issued by Dodge Construction Network, fell 2.0% in May to 180.5 (2000=100) from the revised April reading of 184.1. Over the month, the commercial component of the DMI fell 6.1%, while the institutional component improved 5.6%.

Planning 130

Planning Education Economy Economics 130

Advisor Perspectives

JUNE 7, 2023

The U.S. international trade in goods and services, also known as the FT-900, is published monthly by the Bureau of Economic Analysis with data going back to 1992 and details U.S. exports and imports of goods and services. In April, the trade deficit expanded by 23% to $74.60B. This is the largest gap the trade balance has seen in the last 6 months.

Economics 100

Economics 100

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.

Accounting

A Wealth of Common Sense

JUNE 7, 2023

Today’s Animal Spirits is brought to you by birddogs: Go to birddogs.com/spirits and enter promo code SPIRITS for a free Yeti-style tumbler with your order. On today’s show, we discuss: A visual breakdown of America’s stagnating number of births Construction employment hits new high in May The labor shortage myth Eggs are going on sale just months after prices hit records Token projects have to eat t.

Marketing 100

Marketing Marketing Numbers Sales 100

MainStreet Financial Planning

JUNE 7, 2023

“MainStreet Chalk Talk” The MainStreet Financial Planning Discussion Club When: Tuesday 6-20-23 at 3:30pm Eastern; 12:30pm Pacific ~30-45 minutes Recorded and able to retrieve for one week How : Zoom Meeting, Free to current clients; $10 for guests Register Here! Helping Your Child Get a Job After College Hosted by: Anna Sergunina , CFP® Guest commentator: Beth Hendler-Grunt of Great Next Step Beth Hendler-Grunt is a recognized thought leader in the college-to-career space.

Financial Planning 97

Financial Planning Consulting CFP Education 97

MarketWatch

JUNE 7, 2023

U.S. stocks ended mostly lower Wednesday, feeling pressure after the Bank of Canada unexpectedly raised interest rates after a long pause, sparking concern the Federal Reserve also might not be done tightening policy. The Dow Jones Industrial Average DJIA shook off the gloom to rise around 93 points, or 0.3%. But the rate-sensitive Nasdaq Composite COMP slumped 1.3%, while the S&P 500 SPX shed 0.4%.

Banking 94

Banking Marketing Marketing 94

MainStreet Financial Planning

JUNE 7, 2023

The financial statement is a great tool for listing all your property and accounts. As you’re looking down the list, ask yourself– is there anything missing? If you’ve had multiple jobs, moved residences or inherited property, it’s worth it to check if there’s some asset of yours you didn’t realize you had! State Unclaimed Property Search: Check out the official website of your state’s unclaimed property program.

Retirement 90

Retirement Retirement Planning Financial Planning Planning 90

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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.

Accounting

Integrity Financial Planning

JUNE 7, 2023

Investing in an Individual Retirement Account (IRA) is an excellent way to save for retirement. However, selecting the right investments for your IRA can be challenging. In this article, we will explore some strategies to help you choose the best investments for your IRA. Understand the Traditional and Roth IRAs First, it is essential to understand the two main types of IRAs: traditional and Roth.

Risk Tolerance 85

Risk Tolerance Investing Investments Retirement 85

Random Roger's Retirement Planning

JUNE 7, 2023

Meb Faber hosted a fun podcast with Rodrigo Gordillo and Corey Hoffstein that dove very deep into managed futures and return stacking. Rod and Corey are very involved with various investment products (look at RDMIX and RSBT for more) that use managed futures to offer a return stacked strategy. Early on there was mention of building a 60/40 portfolio and then adding another 60% on top of that in managed futures.

Portfolio 81

Portfolio Management Risk Management Clients 81

MarketWatch

JUNE 7, 2023

Shares of Tesla Inc. TSLA rallied 3.0% toward a seven-month high in premarket trading Wednesday, which also puts them on track for a ninth-straight gain. If the electric vehicle giant’s stock, which has run up 21.0% over the past eight sessions, closes up on Wednesday, it would be the longest win streak since since the 11-day streak that ended Jan. 8, 2021.

Taxes 75

Taxes Marketing Marketing 75

Advisor Perspectives

JUNE 7, 2023

Multiple jobholders account for 4.8% of civilian employment. The survey captures data for four subcategories of the multi-job workforce, the relative sizes of which we've illustrated in a pie chart.

Accounting 72

Accounting 72

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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?

Sales

MarketWatch

JUNE 7, 2023

Flights headed to LaGuardia International Airport, Newark Liberty International Airport and Philadelphia International Airport faced delays as smoke from wildfires in Canada affected visibility surrounding those airports, the Federal Aviation Administration said Wednesday. “The FAA has taken steps to manage the flow of traffic into the New York City area due to reduced visibility from wildfire smoke,” the agency said in a statement.

Accounting 75

Accounting Management Marketing Marketing 75

Advisor Perspectives

JUNE 7, 2023

“Owning bonds is b etter than white-knuckling it in stocks in an economy that is going into a recession,” Jeffrey Gundlach said.

Economy 72

Economy 72

MarketWatch

JUNE 7, 2023

Smartsheet Inc. SMAR shares dropped in the extended session Wednesday after a light free-cash-flow outlook upset an otherwise beat-and-raise quarter. Smartsheet shares dropped as much as 14% after hours, following a 5.2% decline in the regular session to close at $49. For the year, the company forecast free cash flow, or FCF, of $110 million, while analysts surveyed by FactSet are estimating $110.9 million.

Management 75

Management Marketing Marketing 75

Advisor Perspectives

JUNE 7, 2023

Staying “on niche” helps financial advisors to stand out from the competition. By consistently aligning all aspects of their marketing efforts to their niche, advisors become trusted experts and enjoy long-term success.

Financial Advisor 72

Financial Advisor Marketing Marketing 72

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Accounting