Calculated Risk
AUGUST 6, 2024
From the NY Fed: Household Debt Increased Moderately in Q2 2024; Auto and Credit Card Delinquency Rates Remain Elevated The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The report shows total household debt increased by $109 billion (0.6%) in Q2 2024, to $17.80 trillion.
Wealth Management
AUGUST 6, 2024
Financial advisors view the market correction as a normal course of events and a good buying opportunity. “Market volatility is my best friend,” one advisor said. “This is an opportunity to show clients why they pay us a fee, to navigate difficult times with a rock steady approach.
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Calculated Risk
AUGUST 6, 2024
Notes: This CoreLogic House Price Index report is for June. The recent Case-Shiller index release was for May. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic: Annual US Home Price Growth Below 5% for Second Consecutive Month as June Home Prices Cool • U.S. home prices posted a 4.7% year-over-year gain in June, with only one state posting double-digit gains. • By summer 2025, prices are predicted to slow to 2.3% as home price gr
Wealth Management
AUGUST 6, 2024
The commission’s enforcement division first contacted the wirehouse in April regarding “advisory cash balances swept to affiliate bank deposit programs.
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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
Abnormal Returns
AUGUST 6, 2024
Retail Using LLMs to identify retail trader strategies. (papers.ssrn.com) A look at the value, or lack thereof, of WallStreetBets stock picks. (alphaarchitect.com) Analysts Why are all-start investment analysts influential? (papers.ssrn.com) Can LLMs replace the average human analyst? (wsj.com) Institutional investors How institutional investors want to consume content.
Wealth Management
AUGUST 6, 2024
Sound Income Strategies founder and CEO David Scranton discusses how income investing can help stabilize a portfolio.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
AUGUST 6, 2024
Michael Conway shares how advisors at his firm, Conway Wealth, prioritize a deep understanding of each client’s values and put health and well-being at the center of the planning conversation.
Calculated Risk
AUGUST 6, 2024
The Census Bureau and the Bureau of Economic Analysis reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $73.1 billion in June , down $1.9 billion from $75.0 billion in May, revised. June exports were $265.9 billion, $3.9 billion more than May exports. June imports were $339.0 billion, $2.0 billion more than May imports. emphasis added Click on graph for larger image.
Wealth Management
AUGUST 6, 2024
RIA M&A activity has plateaued in recent months, but 2024 is still on track to surpass 2023 volume, according to DeVoe & Company’s latest RIA Deal Book.
Calculated Risk
AUGUST 6, 2024
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.
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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
Wealth Management
AUGUST 6, 2024
Amid the market rancor in recent days, some wirehouse advisors are telling clients to “buy the dip,” reports FundFire. The unwinding of a popular carry trade borrowing in yen and investing in other currencies is a culprit in the increased market volatility. These are among the investment must reads we found this week for wealth advisors.
Nerd's Eye View
AUGUST 6, 2024
Welcome everyone! Welcome to the 397th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jaime Benedetti. Jaime is the Managing Principal of Benedetti, Gucer, and Associates and BEAM Wealth Advisors, hybrid advisory firms based in Atlanta, Georgia, and Covington, Louisiana that oversee a total of $1.2 billion in assets under management for approximately 900 client households.
Wealth Management
AUGUST 6, 2024
Weighing the pros and cons of equity and debt financing and convertible instruments.
A Wealth of Common Sense
AUGUST 6, 2024
Three things I’m thinking about during the stock market correction: This is why I love markets. Everything was calm. There was no volatility to speak of this year. Then BAM! Stocks are tumbling around the globe. Investors are recalibrating on the fly. People are worried about a recession, an AI bubble bursting, the Fed’s inaction, the labor market, the Yen carry trade and a whole lot more.
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.
Wealth Management
AUGUST 6, 2024
Crucial estate planning tools and possible court interventions.
Million Dollar Round Table (MDRT)
AUGUST 6, 2024
By Li Choo Tan To retain clients as well as serve their children and generations beyond, I engage with my clients on a personal level. In fact, most of my clients become longtime friends. What I do, beyond being a financial advisor and insurance agent to them, is to celebrate the milestones of their lives and that of their family members. I help celebrate graduations, marriages and the birth of children as well as educate their young adult children about financial planning.
Wealth Management
AUGUST 6, 2024
Market observers opine on buying the dip, bargains and what’s next.
Advisor Perspectives
AUGUST 6, 2024
Household debt rose by $109 billion (0.62%) to $17.80 trillion in Q2 2024. The increase in debt this quarter was largely driven by credit card, mortgage, and auto loan balances.
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.
Wealth Management
AUGUST 6, 2024
Wednesday, September 18, 2024 | 2:00 PM Eastern Daylight Time
Advisor Perspectives
AUGUST 6, 2024
Warren Buffett has been selling a lot of stock, and that revelation is inducing his many admirers to follow suit. His Omaha, Nebraska-based conglomerate, Berkshire Hathaway Inc., reported Saturday that it reduced several positions and slashed its stake in top-holding Apple Inc., a sign to some in markets that the “Oracle of Omaha” was bracing for deep stock-market declines.
Wealth Management
AUGUST 6, 2024
Focus was seeking to refinance an existing loan and fund a distribution to shareholders.
Advisor Perspectives
AUGUST 6, 2024
Friday’s weaker-than-expected jobs report has sparked a robust debate about whether the economy is sliding into recession or whether the rise in the unemployment rate in July was due to a continuing post-pandemic normalization of the labor market.
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.
MainStreet Financial Planning
AUGUST 6, 2024
Starting to teach children about money at a young age can set the foundation for a lifetime of financial literacy and smart money management. As a mom to a 5-year-old boy named Liam, I’ve found that even simple activities can help children understand and appreciate the value of money. Inspired by the book Raising Financially Fit Kids by Joline Godfrey , which outlines specific activities, tasks, concepts, and actions you can introduce to children from as early as age 5, I’ve implemen
Advisor Perspectives
AUGUST 6, 2024
Gas prices fell to their lowest level in six weeks this past week. As of August 5th, the price of regular and premium gas decreased 4 and 3 cents from the previous week, respectively. The WTIC end-of-day spot price for crude oil closed at $72.94, down 3.8% from last week and the lowest level since early February.
Trade Brains
AUGUST 6, 2024
In a surprising turn of events, the Indian stock market index, Nifty 50, experienced a sharp correction, dropping approximately 1,000 points from 25,000 to 24,000 levels within just three sessions. This sudden decline has left equity investors grappling with critical questions: Should they buy the dip, wait for further correction, or stay on the sidelines?
Steve Sanduski
AUGUST 6, 2024
Guests: Matt Coope r, Partner and President of Beacon Pointe Advisors. In a Nutshell: “Inorganic growth” can be a bit of a misnomer. Yes, M&A will boost the buyer’s bottom line and client base. But that growth won’t be sustainable or repeatable through other acquisitions without sound organic growth strategies and an inspiring culture uniting every single level of each company.
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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
AUGUST 6, 2024
On days like Monday’s dramatic selloff, which capped a three-week loss of $6.
SEI
AUGUST 6, 2024
SEI-Managed Investment Options Bolster Choice, Control, and Customization in SMA and UMA Solutions Through Managed Accounts Program
Advisor Perspectives
AUGUST 6, 2024
During each speculative run-up in asset prices – whether the dot-com bubble, the housing bubble, or more recently the rapid rise (and fall) of the stocks of electric vehicle companies – there’s typically a moment when Wall Street strategists, analysts, and investors go all-in on that theme.
NAIFA Advisor Today
AUGUST 6, 2024
NAIFA Announces E4 Insurance Services as the Recipient of the Inaugural Financial Security Champion of the Year Award The National Association of Insurance and Financial Advisors (NAIFA) is proud to announce that E4 Insurance Services , led by Managing Partners Dan Peterson, LUTCF, LLIF, FIC , Brendon DeRouin, CLU, ChFC, LACP, RICP , and Steve Bergee, LACP , is the first recipient of the prestigious Financial Security Champion award.
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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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