The Big Picture
APRIL 15, 2025
I discussed much of this in my Q2 2025 RWM client quarterly call on April 5. I am sharing this now because so many questions have poured in. Best Worst Cases Last Monday, I discussed the consequences of chaos. While the purposes of the new tariff policy were not well explained some of the goals were muddled and unclear it seems a large part of the problem was the roll-out.
Calculated Risk
APRIL 15, 2025
Eleven years ago, I wrote: Census Bureau: Largest 5-year Population Cohort is now the "20 to 24" Age Group. Those people are now in the 30 to 34 cohort. This month the Census Bureau released the population estimates for July 2024 by age, and I've updated the table from the previous posts. The table below shows the top 10 cohorts by size for 2010, 2024 (just released), and the most recent Census Bureau projections for 2030.
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Nerd's Eye View
APRIL 15, 2025
Welcome everyone! Welcome to the 433rd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Cameron Passmore. Cameron is the CEO of PWL Capital, a wealth management firm based in Ottawa, Canada, that oversees just over $5 billion Canadian dollars (or approximately $3.5B U.S. dollars) in assets under management for 2,400 client households.
Calculated Risk
APRIL 15, 2025
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. At 8:30 AM, Retail sales for March is scheduled to be released. The consensus is for a 1.3% increase in retail sales. At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for March.
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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
A Wealth of Common Sense
APRIL 15, 2025
At the worst point of this correction the S&P 500 closed down 18.9%. That was before the giant 10% gain the next day. I don’t know if that was the bottom or not but it’s possible we just had another near-bear market (for now): I don’t know why we’ve had so many close calls over the years but there have been a number of near bears over the years that were a hair from being down 20%.
Calculated Risk
APRIL 15, 2025
From the Las Vegas Visitor Authority: February 2025 Las Vegas Visitor Statistics With the combined factors of a tough comparison to last year when Super Bowl LVIII was held in the destination, a net decrease in the convention segment tied to rotation cycles, and one fewer day on the calendar compared to the 2024 leap year , visitation fell below 3.0M for the month, down 11.9% YoY.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
APRIL 15, 2025
Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in March A brief excerpt: This is the third look at several early reporting local markets in March. Im tracking over 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. Ill update these tables throughout the month as additional data is released.
Wealth Management
APRIL 15, 2025
Editor in Chief Susan R. Lipp weighs in on the contents of this month's issue.
Million Dollar Round Table (MDRT)
APRIL 15, 2025
By Antoinette Tuscano, MDRT senior content specialist AI note-taking tools can transform financial advisors’ productivity and engagement in client meetings, and this is likely only the beginning of its possibilities. These tools are becoming more comprehensive and mainstream. How AI note-taking tools are used Financial advisors can use AI note-taking tools to record client meetings, attach the notes in their CRM, create post-meeting tasks for the team, draft a post-meeting recap email to t
Wealth Management
APRIL 15, 2025
His two daughters just filed a new lawsuit against their older brother.
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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
Investment Writing
APRIL 15, 2025
Investment commentary authors often know the markets well, but lack writing and editing expertise. After all, theyre earning big bucks to manage money, not to write. Ive learned some lessons about how to edit investment commentary that I share below with you. The lessons are based on my years of experience editing and writing commentary for a diverse group of clients.
Wealth Management
APRIL 15, 2025
Tax Court heavily discounts the value of baby products business.
Random Roger's Retirement Planning
APRIL 15, 2025
Just a couple of quick hits tonight. Unlimited Funds just launched the Unlimited Global Macro ETF (HFGM). The interesting thing is that it is trying to be more volatile than other global macro funds. I don't know how frequently the holdings will change but looking at it today, it is short several currencies but long Australian dollar, it is long commodities and very long gold, long European equities and short Japan and it's long US equities along with a few other smaller positions.
Wealth Management
APRIL 15, 2025
Retirement plan advisor Shane Hansons Viserly hopes to overcome a long-standing growth impediment: Getting advisors the data they need to better connect workplace savers with broader wealth management services.
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.
Harness Wealth
APRIL 15, 2025
Data from the Federal Reserves 2022 Survey of Consumer Finances (SCF) (released in late 2023) offers the most recent comprehensive snapshot of American household wealth. Because the SCF is only conducted every three years, this dataset remains the most up-to-date view available, and some of the findings may surprise you. Table of Contents How Net Worth Is Changing in America The New Wealth Benchmarks How Net Worth Changes with Age Why Net Worth Is More Important Than Income Whats on the Average
Wealth Management
APRIL 15, 2025
InvestCloud names Josh Mayer as COO of APL, its $3T managed accounts platform, to drive growth and integrate private investments into SMA management.
Diamond Consultants
APRIL 15, 2025
5 criteria for advisors to consider when weighing the risk vs. the reward in a move. Its common knowledge that even the most successful moves are disruptive to the advisor, the business, and clients.Why, then, are so many teams willing to make a change, even when the status quo is more than good enough? Clearly, these teams decide that the short-term risk and disruption will ultimately be worth it in the long run.
Wealth Management
APRIL 15, 2025
The most pressing tax law developments of the past month.
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.
Discipline Funds
APRIL 15, 2025
I did an FAQ video with readers about the current environment and what’s going on. I tried to cover a lot of ground including: What caused the bond market spike in yields last week Why tariffs are bad Is this the end of the Dollar reserve status? Is this a routine drawdown or is this time different? How can you reduce sequence of return risk in this environment Do we need to worry about the safety of safe bonds and T-Bills?
Wealth Management
APRIL 15, 2025
Tax Court applied reasonable cause exception.
Validea
APRIL 15, 2025
The NASDAQ 100’s impressive rally in recent years had driven the index’s valuation metrics to premium levels, causing hesitation among value-focused investors. However, the substantial pullback witnessed in early 2025 has transformed the investment landscape, creating opportunities to identify fundamentally strong companies amidst the broader market adjustment.
Wealth Management
APRIL 15, 2025
Legal Editor Anna Sulkin Stern discusses this month's cover art.
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
APRIL 15, 2025
Gas prices fell for the first time in four weeks, experiencing its largest weekly drop in over ten months. As of April 14th, the price of regular and premium gas were each down 7 cents from the previous week.
Wealth Management
APRIL 15, 2025
LPL claims Ameriprise has sunk to a new low by sending out allegedly misleading notifications about a data breach.
Advisor Perspectives
APRIL 15, 2025
Some of the reasons, but not the only ones, why our trade deficits are so large is because government expenditures are too high and/or we are not collecting enough taxes.
Wealth Management
APRIL 15, 2025
Bank of America, Morgan Stanley and Wells Fargo all reported year-over-year growth in wealth revenue; executives cautiously optimistic diversification will help clients weather tariff-induced market turmoil.
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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.
Advisor Perspectives
APRIL 15, 2025
Portfolio rebalancing helps advisors uncover a new investment plan of action that aligns with a client's long-term financial milestones. It also considers how the current market will impact asset diversification.
Wealth Management
APRIL 15, 2025
Blackstone, Vanguard and Wellington Management announced a partnership to build multiasset portfolios with public and private assets. Charles Schwab announced that Schwab Alternative Investments Select, for retail clients with more than $5 million in household assets. These are among the investment must reads we found this week for financial advisors.
Advisor Perspectives
APRIL 15, 2025
This month’s roller-coaster ride through the markets has been more frightening than exhilarating for many Americans, who have more than $44 trillion invested in retirement accounts.
Wealth Management
APRIL 15, 2025
LPL, Raymond James, Ameriprise, and Osaic were among the firms asking the commission to modify settlements concerning the supervision of off-channel communications, claiming that firms who settled later got better deals.
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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?
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