Thu.Oct 24, 2024

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3%: Great Depression, GFC, 1970s & 2020s?

The Big Picture

What do the Great Depression, the Great Financial Crisis, the Stagflationary 1970s, and the upcoming 10-years have in common? If you are a strategist at Goldman Sachs , then a lot. At least if you do forecasts for market returns over the next decade (lol), you may see incredible similarities. ICYMI: David Kostin and his team of strategists see a 72% chance the S&P 500 underperforms Treasuries, and a 33% possibility equities return less than inflation.

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Regulation, Wealth Management and the Elections

Wealth Management

Does it matter for regulation and the wealth management industry who wins on Election Day?

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New Home Sales Increase to 738,000 Annual Rate in September

Calculated Risk

The Census Bureau reports New Home Sales in September were at a seasonally adjusted annual rate (SAAR) of 738 thousand. The previous three months were revised down. Sales of new single-family houses in September 2024 were at a seasonally adjusted annual rate of 738,000 , according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

Sales 311
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Nitrogen Touts Updates, New Features at Annual Conference

Wealth Management

Nitrogen executives showed off platform updates that detail equity exposure and use artificial intelligence to convert client statements into actionable portfolios.

Portfolio 296
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Live Demo - Supercharge your Month End Close

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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Thursday links: the worst investment strategy

Abnormal Returns

Markets Degeneracy has become a fixture of the current environment. (howardlindzon.com) The stock market's biggest winners started out as small caps. (freedomdaysolutions.com) Strategy How often do outlier 10-year forecasts turn out? (ritholtz.com) Why optimism makes sense over the long run. (awealthofcommonsense.com) Cash was never meant to be a long-term investment.

Investing 288
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Q&A: What’s Next in Sports Investment

Wealth Management

Brendan McCurdy, managing director of Ares’ financial advisor solutions team, discusses the trend of investing in sports franchises.

Investing 293

More Trending

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The AI Use-Case for Advisors

Wealth Management

Artificial intelligence can help streamline routine tasks and free up time for more client-focused activities, enhancing efficiency without sacrificing quality.

Clients 290
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Weekly Initial Unemployment Claims Decrease to 227,000

Calculated Risk

The DOL reported : In the week ending October 19, the advance figure for seasonally adjusted initial claims was 227,000 , a decrease of 15,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 241,000 to 242,000. The 4-week moving average was 238,500, an increase of 2,000 from the previous week's revised average.

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Merchant-Backed Apollon Adds $900M CIC Wealth

Wealth Management

The deal expands Apollon's presence in Washington, D.C., while giving CIC a more attractive platform for potential recruits.

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Friday: Consumer Sentiment

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 10:00 AM ET, University of Michigan's Consumer sentiment index (Final for October). The consensus is for a reading of 69.0.

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2025 Industry Index: How Top Advisors Are Scaling Smarter (and Faster) This Year

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

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Seven Nobel-Inspired Ideas to Bring Prosperity to Your Business

Wealth Management

The success of societies and businesses depends on people's behavior.

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Realtor.com Reports Active Inventory Up 28.7% YoY

Calculated Risk

What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For September, Realtor.com reported inventory was up 34.0% YoY, but still down 23.2% compared to the 2017 to 2019 same month levels. Now - on a weekly basis - inventory is up 28.7% YoY.

Numbers 147
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Modern Wealth Acquires $1.4B RIA in Idaho

Wealth Management

Petso Financial Consultants represents Modern Wealth's first office West of Kansas City, bringing the its total AUM to over $6 billion.

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5 Financial Considerations for Americans Thinking About Retiring Abroad

Carson Wealth

Retiring abroad can be a dream come true for many Americans, offering the opportunity to explore new cultures, enjoy different climates, and potentially stretch retirement savings. But moving to a new country involves significant financial planning. If you’re considering making the leap, there are key financial considerations you need to weigh before you make this major life change.

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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.

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Lovell Minnick Takes Majority Stake in Dynasty Firm Americana Partners

Wealth Management

Americana’s leadership and employees will still be significant owners after the deal, while CEO Jason Fertitta and the rest of the leadership team will continue to run the firm.

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Am I a Permabull?

A Wealth of Common Sense

We also answered questions about how to write engaging content, defining your audience when writing, how to balance stories vs. numbers in a presentation and more. Further Reading: 50 Ways the World is Getting Better 1The other choices were What I Learned Losing a Million Dollars and The Money Game. The post Am I a Permabull? appeared first on A Wealth of Common Sense.

Numbers 142
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The Diamond Podcast for Financial Advisors: How to Get 'Unstuck' with Erin Rocchio

Wealth Management

Evolution Managing Partner and coach Erin Rocchio shares strategies for advisors to break free of the "what if" inertia.

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ICE: Mortgage Delinquency Rate Increased in September

Calculated Risk

From ICE: ICE First Look at Mortgage Performance: September Sees Prepayments at Two-Year High, Slowly Rising Mortgage Delinquencies • The national delinquency rate rose 14 basis points to 3.48% in September , up 4.3% from August and 5.7% year over year • September marked the fourth consecutive year-over-year rise in mortgage delinquencies, the longest such stretch since early 2018 outside of the initial impact of the COVID pandemic • A 5.9% bump brought serious delinquencies (90+ days past due b

Numbers 133
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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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LPL Snags $800M Cincinnati Team From Osaic

Wealth Management

Dougherty, Tedesco & Associates joined Osaic via the firm’s acquisition of Lincoln Financial’s wealth business, which closed in May.

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Unemployment Claims Down 15K, Better Than Expected

Advisor Perspectives

In the week ending October 19th, initial jobless claims were at a seasonally adjusted level of 227,000. This represents a decrease of 15,000 from the previous week's figure and is better than forecasts for 243,000.

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Raymond James Nabs $1.3B Texas Advisor From Merrill Lynch

Wealth Management

Fort Worth, Texas-based Melinda Johnston represents the second $1 billion-plus advisor to leave the wirehouse for Raymond James this week.

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Unlocking the Power of Health Savings Accounts (HSAs)

MainStreet Financial Planning

In today’s world of rising healthcare costs, it’s essential to find smart financial tools that can help manage expenses while also supporting long-term goals. One powerful but often overlooked tool is the Health Savings Account (HSA). Whether you’re new to HSAs or looking to optimize your existing one, this guide will break down everything you need to know about these tax-advantaged accounts.

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How to Avoid Pitfalls In Automation: Keep Humans In the Loop

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.

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Raymond James Nabs $1.3B Texas Advisor From Merrill Lynch

Wealth Management

Fort Worth, Texas-based Melinda Johnston represents the second $1 billion-plus advisor to leave the wirehouse for Raymond James this week.

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The World Bank Somehow Lost Track of at Least $24 Billion

Advisor Perspectives

Imagine if humanity decides it doesn’t have enough amusement parks. All the world’s nations announce they will be financing new ones across the planet. Bankers stand next to models of future parks and hand comically large loan checks to the developers. It’s not nearly enough to end the global amusement-park crisis, but they still win accolades and shareholder approval for doing their part.

Banking 98
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Responding to retiree income needs in early retirement

Wealth Management

Explore new advance payout options available on SecurePay Protector benefit.

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Is NIFTY 50 heading towards 22000? Reasons for the crash explained

Trade Brains

The Nifty 50 has seen a significant drop over the past three weeks, falling from its peak of 26,277 to around 24,400. This decline has stirred concern among investors and analysts, leaving many to wonder what caused such a sharp fall. Several global and domestic factors have contributed to this downturn, including geopolitical tensions, regulatory changes, market valuations, and economic concerns.

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Book of Secrets on the Month-End Close

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.

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Investing in Diversity: Doing Well and Doing Good

Wealth Management

(Sponsored Content) Learn why choosing a firm that champions diversity and inclusion can help make change in the industry while growing your business.

Investing 263
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Semiconductor stock falls 10% despite net profit increases of 256% YoY in Q2

Trade Brains

One of the EMS stocks engaged in the manufacturing of consumer electronics, lighting, home appliances, closed-circuit television cameras (CCTVs), and mobile phones. The stock jumped at 6.21% in the opening bell of the Indian stock market after reporting a revenue rise of 133.33% YOY and a net profit rise of 264.40% YOY. Share Price Movement With a market capitalization of Rs. 81,779.57 crores, the shares of Dixon Technologies (India) Limited were opened at Rs. 15,999.95 per equity share, rising

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Finding the Right Partner for an Evolving Practice

Wealth Management

Wells Fargo Advisors offers full career lifecycle support for top performing advisors looking to accelerate their growth.

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Hundreds of ESG Funds Are Being Wound Down, Morningstar Says

Advisor Perspectives

Asset managers in Europe and the US have spent 2024 winding down hundreds of ESG funds, as the investment strategy continues to bump up against regulatory headwinds.

Assets 64
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Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success

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?