Allocating Retirement Assets to Philanthropy
Wealth Management
AUGUST 21, 2024
An often-overlooked tactic in estate planning.
Wed.Aug 21, 2024
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Utilizing Swap Powers In Irrevocable Trusts To Add Flexibility And Income Tax Efficiency
Nerd's Eye View
AUGUST 21, 2024
Irrevocable trusts lie at the heart of a variety of estate planning strategies, as gifts to irrevocable trusts can allow for the transfer of assets outside of an owner’s estate for estate tax purposes with more structure than an outright gift. The downside, however, is that irrevocable trusts are "irrevocable" and can't easily be undone; in moving assets to the trust, the original owner gives up their authority over the assets, with the trustee taking over the management and distribution o
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$4B Former Lincoln Teams Join LPL From Osaic
Wealth Management
AUGUST 21, 2024
Academy Financial and PFG Advisors, which were with Lincoln's wealth business before Osaic acquired it, will merge under Academy’s brand.
ATM: Aswath Damodaran on the LifeCycles of Companies
The Big Picture
AUGUST 21, 2024
At The Money: At the Money: Learning Lifecycles of Companies. (August 21, 2024) The Magnificent Seven, the Nifty Fifty, FAANG: Each of these were popular groups of companies investors erroneously believed they could “Set & Forget,” put them away forever, and you’re set for life. But as history informs us, the list of once-great companies that dominated their eras and then declined is long.
Live Demo - Supercharge your Month End Close
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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
Federal Court Upholds $3 Million Penalty for Failing to File FBAR
Wealth Management
AUGUST 21, 2024
Taxpayer didn’t disclose the existence of foreign accounts to his advisor.
Personal finance links: improved affordability
Abnormal Returns
AUGUST 21, 2024
Podcasts Barry Ritholtz talks with Daniel Crosby about why we humans are not built for investing. (ritholtz.com) Peter Lazaroff talks with Taylor Schulte about the myths surrounding dividend investing. (peterlazaroff.com) Scott Galloway talks with Ramit Sethi about the skill of spending money. (youtube.com) Carl Richards talks with author Greg McKeown about creating possibilities beyond money.
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Will investors benefit if stocks and bonds go separate ways?
Nationwide Financial
AUGUST 21, 2024
If there’s a silver lining to the recent stock market volatility, it’s in the bond market’s performance over this time. Bond values rose during the latest spell of equity market turmoil as interest rates tumbled and recession fears increased. The lift in bond prices provided some ballast against declining stock values, showing the potential for negative correlation with bonds to act as a hedge against stock market risk.
Morningstar: One-Fourth of Index Funds Have Changed Their Target Index At Least Once
Wealth Management
AUGUST 21, 2024
Advisors need to make sure such changes don’t significantly alter their investment’s risk/reward profile.
Help clients unlock cash with their non-retirement portfolio
Nationwide Financial
AUGUST 21, 2024
Key takeaways Your clients are looking to you for credit management guidance and you can help by providing advice on managing current and future debt. Borrowing and having debt is not necessarily a bad thing if it provides an overall net value. Securities-backed lending is a way clients can prepare for large cash expenses while keeping their portfolios intact. 84% of consumers expect to receive loan and credit management guidance from their financial professional; however, only 4% receive it. 1
Avantax Head Todd Mackay Named President of Cetera Solutions
Wealth Management
AUGUST 21, 2024
Andy Watts will take over Mackay’s duties as tax channel leader, overseeing more than 4,000 advisors within Avantax and Cetera Financial Specialists.
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.
Transform Risk Into Opportunity
Advisor Perspectives
AUGUST 21, 2024
Many financial advisors exhibit a risk-averse attitude, leading to missed opportunities for growth and innovation.
IRS Approves Early Termination of Charitable Lead Annuity Trust
Wealth Management
AUGUST 21, 2024
No penalties or additional tax imposed.
Animal Spirits: Inflation or Price Gouging?
A Wealth of Common Sense
AUGUST 21, 2024
Today’s Animal Spirits is brought to you by Eaton Vance: See here for more information on Eaton Vance’s suite of ETFs On today’s show, we discuss: Tropical Bros Animal Spirits collection Seinfeld: “Breaking up is like knocking over a Coke machine” Household Debt to Income The Dramatic Turnaround in Millennials’ Finances Florida hit by ‘worst real estate crisis in decades’.
FTC Ban on Worker Noncompete Deals Blocked by Federal Judge
Wealth Management
AUGUST 21, 2024
The judge said the FTC lacked the authority to enact the ban, which she said was “unreasonably overbroad without a reasonable explanation.
How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
What Should Be Considered When Setting A Budget?
Clever Girl Finance
AUGUST 21, 2024
Setting a budget might sound about as fun as doing your taxes, but trust me, it doesn’t have to be a drag! Think of it as planning your future, making sure you have enough for those big dreams, and yes, even being able to order your favorite dinner in on Friday night. Whether you’re just starting out or need a little refresher, let’s break down the key factors you should consider when setting a budget!
Feedback Matters – and So Does the Delivery!
Advisor Perspectives
AUGUST 21, 2024
When feedback is done well, it can be the greatest gift you give to someone.
Three Stars South Candlestick Pattern – Definition And More
Trade Brains
AUGUST 21, 2024
Three Stars South Candlestick Pattern: In the broad universe of stock market research, where each candle and chart tells a unique story, traders look for minute clues that point to probable swings in market sentiment. Among the numerous candlestick patterns, one stands out for indicating a bearish reversal: the Three Stars South candlestick pattern.
Five Fundamentally Sound Dividend Aristocrats
Validea
AUGUST 21, 2024
Dividend Aristocrats are a select group of S&P 500 companies that have increased their dividend payouts for at least 25 consecutive years. This exclusive club represents some of the most financially stable and well-managed corporations in the United States. As of 2024, there are 67 companies that have earned this prestigious title. Why Dividend Aristocrats Matter to Investors Dividend Aristocrats are significant for several reasons: Consistent Income: These companies provide a reliable strea
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
The Three Things Your Website Needs to Convert Referrals
Advisor Perspectives
AUGUST 21, 2024
Having the best referral in the world doesn’t convert a prospect. It’s your website that seals the deal, not only for referrals but for organic prospects as well.
Cresset’s Susie Cranston on Aligning Passion, Technology, and Leadership to Scale a Multibillion-Dollar Firm
Steve Sanduski
AUGUST 21, 2024
Guests: Susie Cranston , President and Chief Operating Officer of Cresset , a family office RIA firm with more than $50 billion in assets under management. Susie oversees Cresset’s Wealth Advisors, Client Service, Operations and Compliance. In a Nutshell: In Life-Centered Planning , advisors encourage their clients to think about what their money is for.
Asset Managers Must Invest in Private Markets Now, Bain Says
Advisor Perspectives
AUGUST 21, 2024
A wide variety of asset managers need to look at investing in private markets if they want to avoid wipe-out, while revamping their entire strategies to ride the wave, according to Bain & Co.
5 Steps to an Effective Lead Magnet for Financial Advisors
Indigo Marketing Agency
AUGUST 21, 2024
5 Steps to an Effective Lead Magnet for Financial Advisors As a financial advisor, you already know that one of your key goals is to attract and retain clients. The question is HOW? One highly effective tool that can help you rake in more A+ clients is a lead magnet. A lead magnet is a valuable piece of content or resource offered to potential clients in exchange for their contact information.
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.
How to Automate Your Finances: A Stress-Free Guide!
Clever Girl Finance
AUGUST 21, 2024
Automating your finances is like setting your financial life on cruise control. It’s a simple, effective way to ensure you stick to your budget and meet your financial goals without the stress of constant monitoring. Whether you’ve been notorious for paying bills late or just want to streamline your savings strategy, automating your finances can be a game-changer.
Navigating the Future: Advocacy, Elections, and the Financial Services Industry
NAIFA Advisor Today
AUGUST 21, 2024
In a recent episode of the BetterWealth podcast , I had the opportunity to discuss the critical role NAIFA plays in the financial services industry, particularly in today’s politically charged environment. I highlighted how the upcoming elections could significantly impact the federal tax code, with key provisions related to life insurance and annuities set to expire in 2025 if no action is taken.
Exploring Economic Indicators: July 2024 Inflation
Advisor Perspectives
AUGUST 21, 2024
Economic indicators provide insight into the overall health and performance of an economy. They are essential tools for policymakers, advisors, investors, and businesses because they allow them to make informed decisions regarding business strategies and financial markets. In the week ending on August 15th, the SPDR S&P 500 ETF Trust (SPY) rose 0.14% while the Invesco S&P 500® Equal Weight ETF (RSP) was up 2.45%.
Validea’s Top 10 Russell 2000 Stocks – August 2024
Validea
AUGUST 21, 2024
Small-cap stocks have struggled relative to their large-cap counterparts for a long time now. But their fundamentals haven’t lagged their large counterparts in the way their price has. This has made finding fundamentally sound stocks trading at reasonable valuations much easier in the small-cap space than in the S&P 500. Validea’s guru system uses 22 quantitative strategies based on historically successful investors like Warren Buffett and Peter Lynch and academic research to unc
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.
Margin Debt Up 0.2% in July; Highest Since February 2022
Advisor Perspectives
AUGUST 21, 2024
FINRA has released new data for margin debt, now available through July. The latest debt level is at $810.84 billion, its highest level since February 2022. Margin debt is up 0.2% month-over-month (MoM) and up 14.2% year-over-year (YoY). However, after adjusting for inflation, debt level is up 0.1% MoM and 11.0% YoY.
A time for ruthless change in Internal Audit
Norman Marks
AUGUST 21, 2024
Before I start, if you haven’t already done so, please answer a two-question poll on how your internal audit budget is built.
Cryptocurrencies: Bitcoin Inches Down to $59K
Advisor Perspectives
AUGUST 21, 2024
Bitcoin's price inched down to $59,000 this past week. BTC is currently up ~34% year to date. Here's the latest charts on three of the largest cryptocurrencies by market share through 8/20/24.
Does My Home Insurance Cover My Child at University?
YouSet Insurance
AUGUST 21, 2024
Your home insurance may cover your child while they’re away at university or college, however, it will depend on your policy.
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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