Mercer Adds $1.4B in Assets From California, Texas Acquisitions
Wealth Management
AUGUST 2, 2023
Mercer is expanding its footprint in California and Texas and bolstering its estate planning capabilities with two deals announced this week.
Wed.Aug 02, 2023
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Planning For Adoption: Understanding Different Pathways And Their Costs, Tax Breaks, And Financial Assistance Available
Nerd's Eye View
AUGUST 2, 2023
Adoption, the social and legal process in which an adult is formally made the parent of another individual (typically a child), helps fill a critical need in society: to unite children who need loving families with those who want to raise children. At the same time, adoption can be expensive, with costs that can add up to $70,000 or more. Which means that financial advisors can play an important role in adoption planning – helping clients strategically plan for the costs involved in the pr
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ETFs with the Best One-Year Returns
Wealth Management
AUGUST 2, 2023
International ETFs were among those posting the best returns over the last year.
Heavy Truck Sales Hit New Record High; Up 18% Year-over-year in July
Calculated Risk
AUGUST 2, 2023
The BEA released their estimate of vehicle sales for July today. This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the July 2023 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019.
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
Advisor Rating Service Indyfin Acquired By WiserAdvisor
Wealth Management
AUGUST 2, 2023
The deal could be just the first of several in the lead-gen, referral and marketing space that seeks to add reviews and ratings tech.
Wednesday links: customer traction
Abnormal Returns
AUGUST 2, 2023
Markets August is not a historically strong month for the stock market. (carsongroup.com) European IPOs have nearly come to a halt. (ft.com) Five lessons investors have learned in 2023 including 'An inverted yield curve does not spell immediate doom.' (economist.com) Fitch Now only 9 countries are rated AAA across the board. (finance.yahoo.com) What does Fitch know that everyone else doesn't?
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Personal finance links: treated with kindness
Abnormal Returns
AUGUST 2, 2023
Podcasts Douglas Boneparth and Morgan Housel talk with Ben Carlson about why doing nothing can often be the best strategy. (youtube.com) Jon Luskin talks with Jonathan Clements who is the editor of "My Money Journey and How to Think About Money." (bogleheads.podbean.com) Tim Ranzetta talks with Paul Soucy, Editor at NerdWallet, on the world of credit cards.
Oswego Crest Financial Group Leaves Commonwealth Financial for Steward Partners
Wealth Management
AUGUST 2, 2023
The Oregon quartet specialized in retirement planning manages around $230 million in client assets.
HVS: Q2 2023 Homeownership and Vacancy Rates; Rental Vacancy Rates Increased YoY
Calculated Risk
AUGUST 2, 2023
The Census Bureau released the Residential Vacancies and Homeownership report for Q2 2023 today. The results of this survey were significantly distorted by the pandemic in 2020. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates. However, there are serious questions about the accuracy of this survey.
401(k) Real Talk Episode 70: August 2, 2023
Wealth Management
AUGUST 2, 2023
Open, honest and candid discussions about the latest news in the RPA industry.
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.
How Much will the Fannie & Freddie Conforming Loan Limit Change for 2024?
Calculated Risk
AUGUST 2, 2023
Today, in the Calculated Risk Real Estate Newsletter: How Much will the Fannie & Freddie Conforming Loan Limit Change for 2024? A brief excerpt: With house prices mostly unchanged over the last year, an interesting question is: How much will the Fannie & Freddie conforming loan limits (CLL) change for 2024? And how much will the FHA insured loan limits change?
California Says No to NINGs and Don’t to DINGs
Wealth Management
AUGUST 2, 2023
They’ll be treated as grantor trusts for state income tax purposes.
Thursday: Unemployment Claims, ISM Services
Calculated Risk
AUGUST 2, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 228 thousand initial claims, up from 221 thousand last week. • At 10:00 AM, the ISM Services Index for July. The consensus is for a reading of 53.1, down from 53.9.
115-year-old Chicago-based Rothschild Makes First Acquisition
Wealth Management
AUGUST 2, 2023
Rothschild Investment Corporation said it plans to continue in the M&A market, adding up to $1 billion in AUM annually.
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.
Clips From Today’s Closing Bell
The Reformed Broker
AUGUST 2, 2023
Earnings are justifying the rally, but aren’t on further gains, says Ritholtz’s Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.
Mission Wealth Announces Acquisition of BHJ Wealth Advisors
Wealth Management
AUGUST 2, 2023
It's the third firm the RIA has "acquihired" in 2023.
MBA: Mortgage Applications Decreased in Weekly Survey
Calculated Risk
AUGUST 2, 2023
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 3.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 28, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.0 percent on a seasonally adjusted basis from one week earlier.
Questions Advisors Should Ask About Life Settlement Proposals
Wealth Management
AUGUST 2, 2023
The discourse has to move on from marketing platitudes to practical guidance for policyholders and their advisors.
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.
ADP: Private Employment Increased 324,000 in July
Calculated Risk
AUGUST 2, 2023
From ADP: ADP National Employment Report: Private Sector Employment Increased by 324,000 Jobs in July; Annual Pay was Up 6.2% Private sector employment increased by 324,000 jobs in July and annual pay was up 6.2 percent year-over-year, according to the July ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”).
SEC Fears Some B/Ds Fall Short in Anti-Money Laundering Compliance
Wealth Management
AUGUST 2, 2023
In a new risk alert, SEC examiners stressed that firms have appropriate staffing to comply with AML regulations, especially after the wave of sanctions following Russia’s invasion of Ukraine.
Press Profiles: 500th Episode of Masters in Business
The Big Picture
AUGUST 2, 2023
I recorded an interview with Russell Sherman of ProSec, who interviews various people in the media to discuss their careers in Press Profiles. The excuse was the 500th episode (more or less) of Masters in Business. Here is Russelll: Barry Ritholtz just recorded his 500th episode of the highly regarded Master’s in Business radio show and podcast on Bloomberg.
Homrich Berg Acquires $145M Calvary Wealth, Opens New Nashville Office
Wealth Management
AUGUST 2, 2023
With offices in GA and SC, Calvary brings Homrich Berg to almost $14 billion in AUM as it expands its regional presence in the nation’s Southeast.
Book of Secrets on the Month-End Close
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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.
How To Start A Side Hustle In 10 Steps
Clever Girl Finance
AUGUST 2, 2023
Are you considering starting a side hustle? Perhaps you imagine quitting your job one day to take your business full-time, or maybe you just need to make a little extra money in your spare time. When launching a successful side hustle, there are several foundational things you should have in place. Table of contents What exactly is a side hustle and how can it benefit you?
A Holistic Approach to Workplace Benefits
Wealth Management
AUGUST 2, 2023
Helps employees make optimal benefits and savings decisions.
What Kobe Bryant’s Mantra of “Never Get Bored with The Basics” Can Teach Investors
Validea
AUGUST 2, 2023
By Justin Carbonneau ( Twitter | LinkedIn | YouTube ) — I’ve probably watched this Alan Stein Jr. motivational speech on Kobe Bryant at least dozen times (ok, probably like two dozen). You should watch the clip , but the essence of the story is that Kobe Bryant’s greatness and success on the court basically comes down to hard work, dedication and an obsessive focus and ability to “ never get bored with the basics ”.
30 Best Passive Income Ideas
Clever Girl Finance
AUGUST 2, 2023
There are two basic ways to make money. The first is the traditional way: getting out of bed in the morning and going to work at a full-time job. But the second way, using the best passive income ideas, is a lot more fun because it means you get to earn money while you’re sleeping, reading a book, in the middle of a lake on your kayak, or anywhere.
Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success
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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?
I Have No Retirement Savings Goal
Random Roger's Retirement Planning
AUGUST 2, 2023
More Generation X retirement doom today from both Bloomberg and Yahoo. Grim numbers aplenty with average 401k balances in the very low six figures and median numbers much lower than that. Part of the Bloomberg article cited a study from Schwab that showed respondents believing they need $1.8 million for retirement which is up from $1.7 million last year.
ETF of the Week: WisdomTree US SmallCap Earnings Fund (EES)
Advisor Perspectives
AUGUST 2, 2023
VettaFi’s vice chairman Tom Lydon discussed the ETF of the Week: WisdomTree US SmallCap Earnings Fund (EES) on this week’s “ETF of the Week” podcast with Chuck Jaffe of “Money Life.
What Kobe Bryant’s Mantra of “Never Get Bored with The Basics” Can Teach Investors
Validea
AUGUST 2, 2023
By Justin Carbonneau ( Twitter | LinkedIn | YouTube ) — I’ve probably watched this Alan Stein Jr. motivational speech on Kobe Bryant at least dozen times (ok, probably like two dozen). You should watch the clip , but the essence of the story is that Kobe Bryant’s greatness and success on the court basically comes down to hard work, dedication and an obsessive focus and ability to “ never get bored with the basics ”.
Fundamental Analysis of Shriram Pistons & Rings – Future Plans & More
Trade Brains
AUGUST 2, 2023
Fundamental Analysis of Shriram Pistons & Rings: Post-Covid, the auto cycle in India turned around with many OEMs clocking impressive vehicle sales. With it, the finances of auto components producers also improved as they are dependent on large automakers. While most auto stocks have rallied, watchful investors may find good bets among smaller peers.
Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100
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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.
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