The Big Picture
JULY 17, 2023
Money makes the world go round. Global capital markets (stocks, bonds, private investments, real estate) are worth over $100 trillion. If you want to become wealthy, go where the money is. If you are smart, and understand how to play this, your odds of amassing a small fortune go up dramatically. Buy a lot of people go about it the wrong way; some never achieve their goals, others get there late in life.
Wealth Management
JULY 17, 2023
Cresset Partners' Elizabeth Wohlleb discusses how the firm works with investors to explore strategic real estate opportunities.
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Abnormal Returns
JULY 17, 2023
Podcasts Michael Kitces talks with Thor McIlrath of McIlrath & Eck about rotating client coverage. (kitces.com) Laurence Kotklikoff talks with Wade Pfau about the problem with Monte Carlo analysis. (larrykotlikoff.substack.com) Daniel Crosby talks with Nicole Casperson about what it take to build an authentic brand. (standarddeviationspod.com) Charles Schwab Charles Schwab ($SCHW) clients with $1 million in assets now are automatically enrolled in one of its private wealth management program
Wealth Management
JULY 17, 2023
JP Morgan Chase and Wells Fargo have upped their reserves in preparation of taking losses tied to loans on office buildings, reports Bloomberg. Blackstone’s non-traded REIT posted its strongest month in more than a year, according to Commercial Observer. These are among the must reads from around the real estate investment world to kick off the new week.
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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
Abnormal Returns
JULY 17, 2023
Markets The word of the year is 'multiple expansion.' (axios.com) The stock market is betting on a soft landing. (wsj.com) This S&P 500 stock has no analyst coverage. (bloomberg.com) Strategy How to get rich in the markets, ranked from hard to easy. (ritholtz.com) Four insights from the new edition of William Bernstein's "The Four Pillars of Investing.
Nerd's Eye View
JULY 17, 2023
In the early days when financial advisors were first and foremost salespeople for insurance and investments products, the reality is that "advisor training and education" wasn't really about finance or advice… it was mostly just about learning how the company's products worked and how to effectively sell them to consumers. But as technology (in particular, the internet!
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
JULY 17, 2023
Altos reports that active single-family inventory was up 1.2% week-over-week. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of July 14th, inventory was at 470 thousand (7-day average), compared to 465 thousand the prior week. Year-to-date, inventory is down 4.1%. And inventory is up 16.0% from the seasonal bottom 13 weeks ago.
Wealth Management
JULY 17, 2023
MassMutual is making a big bet on its newly released program.
Calculated Risk
JULY 17, 2023
Today, in the Calculated Risk Real Estate Newsletter: Will house prices decline further later this year? A brief excerpt: In November 2021, I wrote Inventory will Tell the Tale and recounted how changes in housing inventory had helped me forecast the housing market at several key points. I believe inventory will tell the tale. That is why I watch inventory closely.
Wealth Management
JULY 17, 2023
The economy hasn’t contracted, the labor market hasn’t collapsed, and bank disruptions haven’t upended the financial system. Traders are relieved.
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
JULY 17, 2023
From Matthew Graham at Mortgage News Daily: Mortgage Rates Barely Budge To Start The New Week The average lender is right in line with the rates seen on Friday (which are still substantially lower than the rates seen on the previous Friday). In fact, the average lender is still roughly a quarter of percent lower versus July 6/7. [ 30 year fixed 6.90% ] emphasis added Tuesday: • At 8:30 AM ET, Retail sales for June is scheduled to be released.
Wealth Management
JULY 17, 2023
Apollo has assembled a roughly 10-person family office unit over the past year and plans to increase that number in the future.
Calculated Risk
JULY 17, 2023
Interesting - the states that have seen price decreases (in the West) have the most current loans (see bottom). There is no financial distress related to price decreases. From the MBA: Share of Mortgage Loans in Forbearance Decreases to 0.44% in June The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 5 basis points from [0.49%] of servicers’ portfolio volume in the prior month to [0.44%] as of June 30, 2
Wealth Management
JULY 17, 2023
Veritable, which has 200 clients with average assets of more than $75 million each, is being acquired by Pathstone.
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.
Alpha Architect
JULY 17, 2023
This study explores the degree to which fund concentration (high tracking error) affects the magnitude of excess returns and whether or not the likelihood of outperformance or underperformance are distributed similarly. Does investing in a more concentrated fund result in better performance? was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Wealth Management
JULY 17, 2023
Revisor Group founder and President Landon Jones and CIO Ethan Dunbar provide their investment outlook for the second half of 2023.
Carson Wealth
JULY 17, 2023
After consolidating some during the earlier part of July, stocks moved higher once again last week, with many stocks hitting new 52-week highs along the way. We are quite impressed to see cyclical areas like energy, industrials, and financials performing so well since early June. We heard time and time again that only a few stocks were going up the first half of this year, so to see things broadening out is a very good sign for the lasting power of this bull market.
A Wealth of Common Sense
JULY 17, 2023
Today’s Talk Your Book is presented by Fidelity Digital Assets: On today’s show, we are joined again by Jack Neureuter, Research Analyst at Fidelity Digital Assets to discuss the latest news in Bitcoins institutionalization. On today’s show, we discuss: What it means for Bitcoin to have a possible Spot ETF Making sense of the regulatory landscape with crypto What could happen to the Grayscale discount.
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.
Integrity Financial Planning
JULY 17, 2023
How you handle taxes and when you are taxed are two of the most important factors when it comes to retirement planning. If you are putting together the puzzle pieces of your retirement plan and you are curious about some strategies related to taxes and retirement, here are some possible options: Consider a Roth IRA Roth IRAs allow you to contribute to a certain type of account that is not taxed upon withdrawal as long as you withdraw after you are 59 ½ and the account has existed for 5 or more y
Advisor Perspectives
JULY 17, 2023
Uncertainty around the direction of inflation, interest rates, and the U.S. economy will continue to drive market volatility. Doug Wolff, the CEO of Security Benefit – a leader in the U.S. retirement industry – is my guest today to offer valuable insight on how to navigate this landscape for the remainder of 2023 and beyond. The traditional 60/40 asset mix is facing several challenges due to that volatility.
XY Planning Network
JULY 17, 2023
The SERPS (search engine results pages) are an ever-evolving landscape. It used to be no ads at the top of the page, then two, now up to four. Organic search is still king, and even easier if you’re trying to attract local business to your financial planning firm. Google Business pages are free, effective, and take up a nice little plot of real estate on the right side of the SERPS.
Advisor Perspectives
JULY 17, 2023
According to reasonable and trustworthy data, we are not in a recession.
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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.
Good Financial Cents
JULY 17, 2023
In a remarkable feat of financial prowess, a 28-year-old individual has shattered traditional notions of wealth accumulation. By strategically harnessing the power of multiple income streams, this trailblazer has managed to generate an astounding $189,000 a year while working fewer than 4 days a week. As the rest of us marvel at their achievements, it’s time to unravel the secrets behind their incredible success and explore the seven streams of income that have become the cornerstone of th
Advisor Perspectives
JULY 17, 2023
New research has documented the persistent failure of investing based on artificial intelligence (AI). This is unsurprising, given the challenges of active management and the widespread inadequacy of humans to outperform an index fund.
Don Connelly & Associates
JULY 17, 2023
During the pandemic, advisors seeking to gather and engage with targeted audiences had no choice but to take their show online. For those who studied and implemented the best practices of webinar marketing, the results have been excellent, producing waves of new prospects at a fraction of the cost of in-person seminars. In this post-pandemic environment, webinars continue to be highly effective when done right.
XY Planning Network
JULY 17, 2023
The SERPS (search engine results pages) are an ever-evolving landscape. It used to be no ads at the top of the page, then two, now up to four. Organic search is still king, and even easier if you’re trying to attract local business to your financial planning firm. Google Business pages are free, effective, and take up a nice little plot of real estate on the right side of the SERPS.
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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?
Brown Advisory
JULY 17, 2023
Global Leaders Strategy: Reporting on the impact of our investment decisions 2022 bgregorio Mon, 07/17/2023 - 06:59 A Letter of Introduction From The Portfolio Managers Welcome to our 2022 Impact report. We aim to improve the report every year and have added sections on our significant votes and most impactful ESG engagements. Given the priority we place on quality in the portfolio, there are very few items in either category but we believe that it is nonetheless useful to see.
Trade Brains
JULY 17, 2023
Fundamental Analysis of JK Lakshmi Cement: India’s cement industry is seeing consolidation as billionaire Gautam Adani purchased Ambuja Cements and its subsidiary ACC. Furthermore, other companies bought assets from their smaller competitors or announced CAPEX plans. Amid these developments, can a cement stock be a good investment? In this article, we’ll attempt to answer that by performing a fundamental analysis of JK Lakshmi Cement, a small cap cement producer.
Brown Advisory
JULY 17, 2023
Global Leaders Strategy: Reporting on the impact of our investment decisions bgregorio Mon, 07/17/2023 - 06:59 A Letter of Introduction From The Portfolio Managers Welcome to our 2022 Impact report. We aim to improve the report every year and have added sections on our significant votes and most impactful ESG engagements. Given the priority we place on quality in the portfolio, there are very few items in either category but we believe that it is nonetheless useful to see.
Zoe Financial
JULY 17, 2023
Market Drama Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA July 17, 2023 Watch Time: 4 minutes Welcome to this week’s Market Drama! The Stock Market: The S&P 500 was up 2.4% for the week. It’s up 17% year-to-date. Nasdaq was up 3.3%. Up 35% year-to-date. Main reason for market enthusiasm has to do with the inflation numbers for June. 25% rally over the last 9 months for stocks, mainly driven by valuation expansion.
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