Abnormal Returns

APRIL 19, 2024

Markets TIPS are on sale. Time to buy. (morningstar.com) Two reasons why yields are higher this year. (carsongroup.com) The stock-bond correlation has flipped positive. (mrzepczynski.blogspot.com) Books Why you should read Rob Copeland's "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend." (advisorperspectives.com) A review of "Enrich Your Future: The Keys to Successful Investing" by Larry Swedroe.

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Startup Financial Advising Media Economy 241

Nerd's Eye View

APRIL 19, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that CFP Board announced that it has crossed the milestone of 100,000 CFP professionals in the United States, and despite having just celebrated its 50th anniversary last year, just set a record high in the number of advisors sitting for the CFP exam this March, reflecting the value many financial advisors and consumers place on the brand, including the requirements to obtain i

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Financial Planner CFP Financial Advisor Retirement Planning 214

Carson Wealth

APRIL 19, 2024

Congratulations, recent college graduate! You’ve worked hard to earn your degree, and now you’re ready to embark on the next chapter of your life. This is an exciting time – one filled with lots of changes, like starting a new career and learning how to manage living on your own. As you transition into the “real” world, one of the most crucial skills you can develop is managing your finances effectively.

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Budgeting Retirement Strategic Planning Accounting 143

Advisor Perspectives

APRIL 19, 2024

In March, nominal home values increased for an 12th straight months while "real" home values were unchanged. Last month's ZHVI came in at $354,179, up 0.44% from the previous month and up 4.09% from one year ago. However, after adjusting for inflation, the real figures are 0.00% month-over-month and -1.71% year-over-year.

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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.

Accounting

Calculated Risk

APRIL 19, 2024

Today, in the CalculatedRisk Real Estate Newsletter: NMHC: "Apartment Market Continues to Loosen" Excerpt: From the NMHC: Apartment Market Continues to Loosen Amidst Worsening Financing Conditions Apartment market conditions continued to weaken in the National Multifamily Housing Council’s (NMHC’s) Quarterly Survey of Apartment Market Conditions for April 2024.

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Marketing Marketing Sales 107

Wealth Management

APRIL 19, 2024

Caz Craffy faces 20 years in prison for using his position as an Army Financial Counselor to invest survivors’ benefits in firms where he worked, according to the DOJ.

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Investing Investments 107

Advisor Perspectives

APRIL 19, 2024

Manufacturing activity continued to decline in New York State, according to the Empire State Manufacturing April survey. The diffusion index for General Business Conditions fell to -14.3 from -20.9 in March. The latest reading was worse than the forecast of -5.2.

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Manufacturing 105

A Wealth of Common Sense

APRIL 19, 2024

How much money do you have to make to feel rich? It’s a subjective question. A lot depends on your lifestyle, where you live, how much you spend and save, your peer group, and your vulnerability to comparison. The comparison piece matters more than most are willing to admit. Wealth is relative. JP Morgan once said, “Comparison is the thief of joy.” It’s easy to say when you’re one of the weal.

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Advisor Perspectives

APRIL 19, 2024

Month-over-month nominal retail sales in March were up 0.7% and up 4.02% year-over-year. However, after adjusting for inflation, real retail sales were up 0.3% MoM and up 0.52% year-over-year.

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Retail Sales 105

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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.

Banking

Sara Grillo

APRIL 19, 2024

One of the biggest fears that people have, when they are looking for a financial advisor, is this: “Is it truly impossible for an advisor to say wire themselves a few million dollars from a client’s account?” I’m going to answer that question in this blog about financial advisors stealing money and how to protect yourself. But before we get into it… Look, there are alot of schmucks out there hawking crap products disguised as financial advice.

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Financial Advisor Financial Advice Accounting Compliance 95

Wealth Management

APRIL 19, 2024

The SEC’s new quarterly reporting rules could make private funds far more accessible to retail investors. But they are quite a challenge to implement.

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Retail 106

The Irrelevant Investor

APRIL 19, 2024

Today’s Compound and Friends is brought to you by Public: See here for more information on Publics option-trading capabilities and option-rebates On today’s show, we discuss: What if Fed rate hikes are actually sparking US economic boom? 10 popular questions about monetary policy Mark Cuban’s tax tweet BoA’s Finance Chief: “We’re all struck by just the sheer amount of cash on the sideli.

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Taxes Economics Marketing Marketing 76

Wealth Management

APRIL 19, 2024

The latest risk alert from the SEC concerning the marketing rule is finding some firms are continuing to make "untrue" statements in ads.

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Marketing Marketing 105

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.

Financial Advice

Advisor Perspectives

APRIL 19, 2024

The Conference Board Leading Economic Index (LEI) decreased in March to its lowest level since May 2020. The index fell 0.3% from last month to 102.4. Overall, the LEI continues to signal a fragile outlook for the U.S. economy.

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Economy Economics 64

Wealth Management

APRIL 19, 2024

JPMorgan is losing two former First Republic teams totaling about $8.5 billion to Citizens and Merrill Lynch.

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Advisor Perspectives

APRIL 19, 2024

FINRA has released new data for margin debt, now available through March. The latest debt level rose for a fifth straight month to $784.14 billion, its highest level since March 2022. Margin debt is up 5.5% month-over-month (MoM) and up 21.5% year-over-year (YoY). However, after adjusting for inflation, debt level is up 4.9% MoM and up 17.4% YoY.

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Wealth Management

APRIL 19, 2024

Retirement industry thought leaders answer three probing questions on critical issues, providing an open, honest and candid dialogue.

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Retirement 103

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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.

Banking

Alpha Architect

APRIL 19, 2024

New research reveals that the performance of the hedge fund industry has not been as bad as the results from studies that relied on hedge fund data providers. The Performance of the Hedge Fund Industry was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

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Wealth Management

APRIL 19, 2024

Practitioners are well-aware that lifetime gifts are more tax-efficient than transfers at death. But during the past seven years there's been a possibility that the estate tax might be permanently repealed, so it's been out of vogue for practitioners to advise clients to make taxable gifts that exceed the lifetime gift exemption and require tax payments.

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Taxes Clients 78

Calculated Risk

APRIL 19, 2024

From BofA: Since our update last week, 1Q GDP tracking is up two-tenths to 2.1% q/q saar. [Apr 19th estimate] emphasis added From Goldman: We left our Q1 GDP forecast unchanged at +3.1% (qoq ar) and our domestic final sales forecast also unchanged at +3.1% (qoq ar). [Apr 18th estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2024 is 2.9 percent on April 16, up from 2.8 percent on April 15.

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Sales 59

Wealth Management

APRIL 19, 2024

Deals are down 29% from a year ago, but the amount of assets transacted rose by nearly the same percentage.

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Assets 100

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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!

Accounting

Advisor Perspectives

APRIL 19, 2024

Travel on all roads and streets increased in February. The 12-month moving average was up 0.2% month-over-month and was up 1.6% year-over-year. If we factor in population growth, the 12-month MA of the civilian population-adjusted data (age 16-and-over) was up 0.1% MoM and up 1.0% YoY.

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Wealth Management

APRIL 19, 2024

How to equip inheritors to handle a large influx of wealth.

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Advisor Perspectives

APRIL 19, 2024

The Census Bureau's Advance Retail Sales Report for March revealed a 0.7% rise in headline sales from February, marking the second straight month of increased consumer spending. The latest increase was higher than the anticipated 0.4% monthly growth.

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Retail Sales 59

Sara Grillo

APRIL 19, 2024

Finding someone to take over your practice is a huge challenge across the entire industry. Don’t give up! This blog provides practical tips for financial advisor succession planning. It’s a huge problem From a subscriber : “I am in my mid 60s and have no immediate plans to retire. How do I best answer the question if prospects (or clients) ask about my plans to retire?

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Financial Advisor CFP Ethics Retirement 52

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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.

Communication

Advisor Perspectives

APRIL 19, 2024

The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of April 5th, the index was at 21.972, down 4.640 from the previous week, with 4 of the 6 components in expansion territory.

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Economics Economy 59

Financial Symmetry

APRIL 19, 2024

We are thrilled to announce that Niamh Douglas, CFP®, has been promoted to the role of Advisor at Financial Symmetry. Since joining us in 2019, Niamh has demonstrated an unwavering commitment to our clients and a deep understanding of financial … Continued The post Niamh Douglas, CFP® is Financial Symmetry’s Newest Advisor appeared first on Financial Symmetry, Inc.

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Advisor Perspectives

APRIL 19, 2024

The latest Philadelphia Fed manufacturing index remained in positive territory for a third straight month, indicating continued expansion. In April, the index rose to 15.5 from 3.2 in March, coming in above the forecast of 1.5. The six-month outlook inched down to 34.3.

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Manufacturing 59