Nerd's Eye View
NOVEMBER 29, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent study from Cerulli Associates shows that consumer trust in financial services companies has increased significantly over the past decade, with firms that provide a more personalized approach to providing financial advice seeing the best results.
The Big Picture
NOVEMBER 29, 2024
@TBPInvictus here (link is now to Bluesky) Let’s cut to the chase: A Hoover Institution analysis of California private job creation is off by a factor of 100. Between January 2022 and June 2024, the state created 523,700 private sector jobs — not 5,400 as claimed. MSM uncritically repeated the false number. I spend far too much time debunking economic b t.
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Calculated Risk
NOVEMBER 29, 2024
From Goldman: Following [Wednesday]’s data, we have left our Q4 GDP tracking estimate unchanged at +2.4% (quarter-over-quarter annualized) and our Q4 domestic final sales forecast unchanged at +2.0%. [Nov 27th estimate] And from the Atlanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 2.7 percent on November 27, up from 2.6 percent on November 19.
Abnormal Returns
NOVEMBER 29, 2024
Markets A look at the best performing stocks of the past 20 years. (bespokepremium.com) The great bond bull market is over. (mrzepczynski.blogspot.com) Strategy No one is immune from investment FOMO. (awealthofcommonsense.com) How much foreign equity does your target-date fund own? (wsj.com) Finance The ownership base of Berkshire Hathaway ($BRK.A) stock is set to dramatically change.
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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
Calculated Risk
NOVEMBER 29, 2024
From STR: U.S. hotel results for week ending 23 November Due to the Thanksgiving calendar shift , the U.S. hotel industry reported higher year-over-year performance comparisons, according to CoStar’s latest data through 23 November. 17-23 November 2024 (percentage change from comparable week in 2023): • Occupancy: 59.7% (+20.7%) • Average daily rate (ADR): US$150.49 (+8.6%) • Revenue per available room (RevPAR): US$89.80 (+31.1%) emphasis added The following graph shows the seasonal pattern for
Abnormal Returns
NOVEMBER 29, 2024
Listening Podcasters are increasingly wary of recycling guests. (bloomberg.com) Now CEOs want to go on podcasts to tell their stories. (semafor.com) Don't kid yourself, podcasting isn't an easy business. (garbageday.email) The best psychology podcasts including 'The Psychology Podcast with Scott Barry Kaufman.' (psypost.org) VC Matt Reustle talks VC secondaries with Ravi Viswanathan is the founder and Managing Partner of NewView Capital.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Validea
NOVEMBER 29, 2024
In this episode of Excess Returns, Jack Forehand and Justin Carbonneau sit down with veteran investment strategist Jim Paulsen to discuss the current market landscape and economic outlook. Paulsen, author of Paulson Perspectives on Substack, shares unique insights on why traditional recession indicators have failed, how Main Street sentiment impacts markets, and why he remains optimistic despite widespread pessimism.
Advisor Perspectives
NOVEMBER 29, 2024
The money-market industry just reached a significant milestone with Crane Data reporting that these cash-like funds have amassed a record $7 trillion in assets. There are many ways to think about this development.
Validea
NOVEMBER 29, 2024
Peter Lynch built his reputation managing Fidelity’s Magellan Fund, and Validea has developed a systematic approach based on his key principles. At its core, this strategy seeks companies offering growth at a reasonable price (GARP). The foundation of this approach is the Price-to-Earnings Growth (PEG) ratio – found by comparing a company’s P/E ratio to its earnings growth rate.
Advisor Perspectives
NOVEMBER 29, 2024
AI can be a powerful tool, but one that demands thoughtful, measured implementation. Taking thoughtful steps now to integrate and innovate with AI will keep you competitive. Turn your back on it and you’re probably not in business in the long run.
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.
SEI
NOVEMBER 29, 2024
Collaboration is critical for organisational change.
Advisor Perspectives
NOVEMBER 29, 2024
The yield on the 10-year note ended November 29, 2024 at 4.18%, the 2-year note ended at 4.13%, and the 30-year at 4.36%.
SEI
NOVEMBER 29, 2024
Breadth of Global Offering Enables Customization and Business Transformation for Private Credit Funds
Advisor Perspectives
NOVEMBER 29, 2024
Valid until the market close on December 31, 2024 This article provides an update on the monthly moving averages we track for the S&P 500 and the Ivy Portfolio after the close of the last business day of the month.
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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
Advisor Perspectives
NOVEMBER 29, 2024
The latest Chicago Purchasing Manager's Index (Chicago Business Barometer) fell to 40.2 in November from 41.6 in October. The latest reading is worse than the 44.9 forecast and keeps the index in contraction territory for a twelfth straight month.
Advisor Perspectives
NOVEMBER 29, 2024
The U.S. economy faces growing risks, from a surging Federal deficit to geopolitical uncertainty. Investors must assess how these factors could ignite market instability and take proactive steps to safeguard their portfolios.
Advisor Perspectives
NOVEMBER 29, 2024
Saturday marks two years since OpenAI posted an oddly named widget called ChatGPT to the web. Its staffers placed bets on how many users it would accumulate, the highest estimate being 100,000. How wrong they were.
Advisor Perspectives
NOVEMBER 29, 2024
2024 is set to enter Wall Street’s hall of fame of bull years.
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.
Advisor Perspectives
NOVEMBER 29, 2024
On Monday, Warren Buffett announced that he was donating more than $1 billion in Berkshire Hathaway Inc. shares to four family foundations — a continuation of his commitment to give away the vast majority of his wealth to charity rather than pass it on to his family.
Advisor Perspectives
NOVEMBER 29, 2024
We are prone to animal analogies when describing disorderly situations: like herding cats, like a barrel full of monkeys, like a dog’s breakfast.
Advisor Perspectives
NOVEMBER 29, 2024
As students across the country start to prepare for year-end exams, there are valuable lessons we can take from the classroom.
Advisor Perspectives
NOVEMBER 29, 2024
Another election season has come to an end. While there are opposing feelings about the outcome of the election, I think everyone agrees that they are happy it is over.
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.
Advisor Perspectives
NOVEMBER 29, 2024
Wholesale elimination of tax exemption isn’t likely, but certain types of muni bonds could be targets.
Advisor Perspectives
NOVEMBER 29, 2024
’Tis the season for a surge in financial frauds and scams, a huge and growing problem that caused nearly $500 billion in losses globally last year, along with untold human suffering.
Advisor Perspectives
NOVEMBER 29, 2024
“Think of what we could do together” is a touching line at the denouement of Wicked: Part 1 , the movie currently raking it in at the box office for Comcast Corp.’s Universal Pictures.
Advisor Perspectives
NOVEMBER 29, 2024
You're interested in investing in municipal bonds, but which type—general obligation or revenue—is best for you? We break it down.
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.
Advisor Perspectives
NOVEMBER 29, 2024
The boom in portfolio trading, where investors can buy or sell scores of corporate bonds with just a few clicks of a mouse, is fueling mega trades that were rare in credit markets just a few years ago.
Advisor Perspectives
NOVEMBER 29, 2024
A group of one dozen US Bitcoin exchange-traded funds is on the cusp of a record monthly net inflow, bolstered by the digital asset’s historic surge toward $100,000 on President-elect Donald Trump’s embrace of crypto.
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