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?
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
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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.
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.
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.
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.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
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%.
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
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.
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.
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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.
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.
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.
Wealth Management
JUNE 7, 2023
When asked about raising fees, even clients admit, “You should have done this sooner.
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.
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.
Wealth Management
JUNE 7, 2023
Tyrone Ross, the CEO and founder of Turnqey Labs, provides advice on creating a firm culture that embraces inclusivity.
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.
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.
Wealth Management
JUNE 7, 2023
Identifying and locating marital assets is one of the biggest challenges practitioners will face.
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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.
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.
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.
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.
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.
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All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!
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.
Wealthfront
JUNE 7, 2023
Have you heard? Bonds are back! In the past year, bonds have gone from an investing afterthought to making headlines in The Economist, The NYT, The WSJ, and beyond. We’ve been into bonds since before they were cool, and today we’re delighted to announce our Automated Bond Portfolio: a first-of-its-kind, diversified selection of bond ETFs, […] The post Introducing Automated Bond Portfolios: Featuring a 5.48% Blended Yield appeared first on Wealthfront Blog.
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.
oXYGen Financial
JUNE 7, 2023
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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.
MarketWatch
JUNE 7, 2023
Citizens Financial Group Inc. CFG said Wednesday it will stop originating indirect auto loans to car dealers as of July 1 as part of an effort to “optimize” its balance sheet and increase its focus on relationship-based lending. The bank will continue to service existing auto loans. “This decision further enables us to lend in areas that provide better risk adjusted returns and improved opportunities to deepen relationships with our customers,” said Eric J.
Wealth Management
JUNE 7, 2023
More than 30 new ETFs in debuted in May, an uptick from the 22 new launches in April.
MarketWatch
JUNE 7, 2023
U.S. stocks opened slightly higher Wednesday as investors digested data showing the U.S. trade deficit widened sharply in April. The Dow Jones Industrial Average DJIA edged up 0.1% soon after the opening bell, while the S&P 500 SPX rose less than 0.1% and the Nasdaq Composite COMP gained 0.1%, according to FactSet data, at last check. The Commerce Department said Wednesday that the U.S. trade deficit widened 23% in April to the largest in six months as imports rose and exports fell.
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