Wealth Management
DECEMBER 1, 2023
As the first AI-powered GPT assistant for financial advisors, SIFA is on a mission to automate ongoing communications between advisors and their clients.
Calculated Risk
DECEMBER 1, 2023
Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 3.0% Below Peak; Price-to-rent index is 6.9% below recent peak Excerpt: It has been over 17 years since the bubble peak. In the September Case-Shiller house price index released this week, the seasonally adjusted National Index (SA), was reported as being 69% above the bubble peak in 2006.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Wealth Management
DECEMBER 1, 2023
After leaving BNY Mellon | Pershing over the summer, Crafford and colleague Morgan McGovern have landed at Karl Heckenberg’s new RIA investment company.
The Big Picture
DECEMBER 1, 2023
The chart above shows that 84% of CEOs are forecasting a recession over the next 12 months, 69% of Consumers saying the same thing, with the yield curve predicting a 61% chance of a contraction. The problem is those sets of forecasts is already 2 months old, dated October 3, 2023. It was before the very encouraging CPI, Unemployment, and GDP data releases.
Advertisement
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
Wealth Management
DECEMBER 1, 2023
F2 Strategy co-founder and CEO Doug Fritz provides his take on the most important wealth management technology news of the last month.
Abnormal Returns
DECEMBER 1, 2023
Markets The performance of major asset classes in November 2023. (capitalspectator.com) Even after November's rally low volatility stocks are still down on the year. (on.spdji.com) The magnificent seven stocks are having a big 2023, in part because they had a rough 2022. (theirrelevantinvestor.com) Charlie Munger Charlie Munger perferfected the art of being a second-in-command.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Abnormal Returns
DECEMBER 1, 2023
Listening Young Americans are boosting their consumption of spoken audio. (edisonresearch.com) A look at your best options for audiobooks. (wsj.com) The Castro podcasting app may be going away. (sixcolors.com) Substack is adding video creation tools. (washingtonpost.com) Lists The best podcasts of 2023 including “The Big Dig.” (newyorker.com) The top podcasts of 2023 via Apple Podcasts, including the Huberman Lab.
Wealth Management
DECEMBER 1, 2023
With most schools no longer requiring standardized test scores, college-bound students will have to look to other ways to impress admissions officers.
Nerd's Eye View
DECEMBER 1, 2023
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the U.S. Supreme Court heard arguments this week in the case of SEC v. Jarkesy, which in a narrow sense focuses on the SEC's use of in-house Administrative Law Judges to hear securities law cases rather than traditional Federal jury trials, but in a broader sense could call into question the SEC's (and other government agencies') authority to make rules and enforce laws in
Wealth Management
DECEMBER 1, 2023
Associated RIA and CPA firms add seven new employees and an office in Clinton, South Carolina.
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.
Calculated Risk
DECEMBER 1, 2023
Here is the CES Strike report for November released this morning: This shows a total of 10,500 workers on strike in November, down from 48,100 in October. With the end of the UAW and SAG-AFTRA strikes, 41,300 strikers returned to work for the November reference period. Note: The reference period usually contains the 12th of the month, however there are exceptions, and the reference period for November 2023 was the 5th through the 11th.
Wealth Management
DECEMBER 1, 2023
Help your clients give back with confidence.
Calculated Risk
DECEMBER 1, 2023
From BofA: Overall, since our last weekly publication, our 4Q US GDP tracking estimate fell three-tenths to 1.0% q/q saar. [Dec 1st estimate] emphasis added From Goldman: We boosted our Q4 GDP tracking estimate by one tenth to +1.5% (qoq ar) and our Q4 domestic final sales growth forecast by the same amount to +2.1% (qoq ar). [Dec 1st estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 1.2 per
A Wealth of Common Sense
DECEMBER 1, 2023
I heard an old Norm Macdonald joke once that went something like this: An optimist looks at the glass as half full. A pessimist looks at the glass as half empty. I’m a pessimist and I look at the glass as half full…but I might have bowel cancer. I am a glass-is-half-full guy but tend to lean optimistic unlike Norm. Just think about all that we’ve accomplished as a species.
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.
Calculated Risk
DECEMBER 1, 2023
Wards Auto released their estimate of light vehicle sales for November: No Holiday Boost but U.S. Light-Vehicle Sales Continue Gains in November (pay site). Labor-related plant shutdowns in the U.S. that covered the latter half of September and most of October negatively impacted deliveries in November. Combined sales of the vehicles impacted by shutdowns fell 15% year-over-year in November.
Alpha Architect
DECEMBER 1, 2023
Ignoring the impact of taxes on the returns of taxable accounts is one of the biggest mistakes that can be made. After-Tax Performance of Actively Managed Funds was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Calculated Risk
DECEMBER 1, 2023
From the Census Bureau reported that overall construction spending increased: Construction spending during October 2023 was estimated at a seasonally adjusted annual rate of $2,027.1 billion, 0.6 percent above the revised September estimate of $2,014.7 billion. The October figure is 10.7 percent above the October 2022 estimate of $1,830.5 billion. emphasis added Both private and public spending increased: Spending on private construction was at a seasonally adjusted annual rate of $1,579.3 billi
Trade Brains
DECEMBER 1, 2023
In a city where nearly half of the population lives in slums, working their backs off to afford that extremely simple roof over their heads, there are some people who control large portions of land, passed down through generations or gifted decades ago in a city where land is scarce and where every square foot of space brings a huge premium. The city holds countless secrets close to its heart, and one among them is the identities of those who own lands in Mumbai.
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.
Calculated Risk
DECEMBER 1, 2023
(Posted with permission). The ISM manufacturing index indicated contraction. The PMI® was at 46.7% in November, unchanged from 46.7% in October. The employment index was at 45.8%, down from 46.8% the previous month, and the new orders index was at 48.3%, up from 45.5%. From ISM: Manufacturing PMI® at 46.7% November 2023 Manufacturing ISM® Report On Business® Economic activity in the manufacturing sector contracted in November for the 13th consecutive month following a 28-month period of growth,
Alpha Architect
DECEMBER 1, 2023
Full exposure to domestic equities. Full exposure to international equities. Partial exposure to REITs. No exposure to commodities. No exposure to intermediate-term bonds. DIY Trend-Following Allocations: December 2023 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Integrity Financial Planning
DECEMBER 1, 2023
Staying active in your retirement years can help you to maintain good health and longevity. Making physical activity a habit can be fun and can have various physical, mental, and emotional benefits if executed in a way that makes sense for you. Here’s a rundown of five exercises that can be ideal for retirees. Walking Walking is an excellent, low-impact exercise that can help improve cardiovascular health, maintain a healthy weight, and improve mood.
Validea
DECEMBER 1, 2023
In this episode, we speak with Joel Tillinghast, who will retire as the manager of the Fidelity Low-Priced Stock Fund at the end of this year. Joel managed the fund for over 30 years and built an impressive track record, substantially outperforming the S&P 500 over his tenure. We talk to Joel about the biggest lessons from his career, his approach to finding undervalued stocks, what he learned from Peter Lynch, the most important advice he will give his successors and a lot more.
Advertisement
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.
Investing Caffeine
DECEMBER 1, 2023
With all this potential recession talk that has lasted two years, you would expect a lump of coal to arrive in your Christmas stocking this year. But quite the contrary, Santa Claus appears to have arrived early this year as evidenced by the +8.9% spike in prices last month, the largest monthly increase in 10 years. The NASDAQ fared slightly better with a +10.7% rise, and the Dow Jones Industrial Average lagged by a tad with an +8.0% monthly increase.
Random Roger's Retirement Planning
DECEMBER 1, 2023
From Bloomberg, AQR alum Roni Israelov, now at NDVR, wrote a research paper that craps all over covered call funds. Two big takeaways are that the funds lose money over the long term on a price basis, so not including dividends. The other issue is more behavioral, he says it is a bad mistake to give up return (price appreciation) for income. He's quoted Normal 0 false false false EN-US X-NONE X-NONE “some investors might be attracted to covered calls for the wrong reason, seeking income rather t
Advisor Perspectives
DECEMBER 1, 2023
The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) remained at 46.7 in November. The latest figure marks the 13th straight month the index has been in contraction territory after a 29-month period of growth dating back to June 2020. The November reading was below the forecast of 47.6.
Trade Brains
DECEMBER 1, 2023
Best Mukul Agrawal Portfolio Stocks : Every world has its celebrity, who set the benchmark in their field. They are considered the best in what they do and every other being wants to resonate their personality & get as close as possible. These celebrities to some are the definition of Perfection. Just like movies have celebrity Actors and actresses, the world of Finance also has certain celebrities.
Advertisement
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?
Advisor Perspectives
DECEMBER 1, 2023
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 November 17th, the index was at 10.531, down 0.444 from the previous week, with 4 of the 6 components in expansion territory.
NAIFA Advisor Today
DECEMBER 1, 2023
Chris Carothers is an insurance professional and a Life Underwriter Training Council Fellow (LUTCF). As a second-generation veteran in the insurance industry, he has been serving and advocating for his community for 30 years. Chris works with over 300 licensed insurance agents to help Americans plan for their current and future insurance needs. He also partners with insurance carriers to develop and introduce new health products.
Advisor Perspectives
DECEMBER 1, 2023
The S&P 500 posted its highest close of the year on Friday as it capped off a fifth consecutive week of gains. The index finished the week up 0.8% from last Friday and is currently up 20.15% year to date.
WiserAdvisor
DECEMBER 1, 2023
The need for sound financial guidance is universal. Whether you are self-employed or salaried, everyone can benefit from the expertise of a financial advisor. However, some professionals, like doctors, may need the guidance of a financial advisor more than others. Physicians have demanding careers, complex income streams, a bustling lifestyle, and often substantial debts acquired during their years of rigorous education.
Advertisement
Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
Expert insights. Personalized for you.
311 
Let's personalize your content