Calculated Risk

MAY 29, 2024

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 5.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 24, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 5.7 percent on a seasonally adjusted basis from one week earlier.

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Sales Marketing Marketing 328

Wealth Management

MAY 29, 2024

Understanding the outsized influence of Gen Z.

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Calculated Risk

MAY 29, 2024

The FDIC released the Quarterly Banking Profile for Q1 2024: Reports from 4,568 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) report aggregate net income of $64.2 billion in first quarter 2024, an increase of $28.4 billion (79.5 percent) from the prior quarter. A large decline in noninterest expense because of several substantial, non-recurring items recognized by large banks in the prior quarter, as well as higher noninterest income and lo

Numbers 312

Numbers Banking Insurance Assets 312

Wealth Management

MAY 29, 2024

FSI Wealth Management, a San Diego, Calif.-based team with $215 million in assets, is joining LPL from Securities America, in the wake of Osaic's integration and rebranding efforts.

Wealth Management 298

Wealth Management Assets Management 298

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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

Accounting

Abnormal Returns

MAY 29, 2024

Nvidia It's hard to overstate just how big a rally Nvidia ($NVDA) has seen. (downtownjoshbrown.com) Then again, few large companies have grown this fast. (theirrelevantinvestor.com) AI A look at the AI tech stacks for various players in the industry. (stratechery.com) Why Zuck and Meta ($META) have embraced an open AI standard. (nytimes.com) AI spending is going to grow as more countries jump into the game.

Financial Advising 292

Financial Advising Manufacturing Economy Media 292

Wealth Management

MAY 29, 2024

Tax Court finds inapplicability of IRC 2519 and lack of gift tax liability.

Taxes 297

Taxes 297

Wealth Management

MAY 29, 2024

Wealthcare Capital Partners aims “to meet the needs of select advisors interested in joining Wealthcare.” It has already recruited a Towson, Md.-based advisor with nearly $141 million in assets.

Recruitment 293

Recruitment Assets 293

Abnormal Returns

MAY 29, 2024

Podcasts Barry Ritholtz talks with Carl Richards about the behavior gap and how to avoid it. (ritholtz.com) Shane Parrish talks with Morgan Housel author of "Same as Ever: A Guide to What Never Changes." (youtube.com) Amy Arnott and Christine Benz talk with Jamila Souffrant author of "Your Journey to Financial Freedom: A Step-by-Step Guide to Achieving Wealth and Happiness.

Retirement 289

Retirement Insurance Marketing Marketing 289

Wealth Management

MAY 29, 2024

GalwayPlus will be an “ecosystem” that links together businesses across Galway Holdings to better serve sports and entertainment clients.

Clients 290

Clients 290

Nerd's Eye View

MAY 29, 2024

Small business owners often treat their businesses not only as their source of income during their working years, but also as an asset that can be sold to fund their retirement. And while many businesses can build up substantial value over the years, the downside is that, when that value is realized upon the sale of the business, a large amount of it is treated as taxable income.

Sales 246

Sales Taxes Assets Retirement 246

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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

Clients

Wealth Management

MAY 29, 2024

The Financial Advisory Group has seven advisors and 14 support staff, and represents WEG’s fifth acquisition this year.

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Calculated Risk

MAY 29, 2024

Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 2.2% Below Peak Excerpt: It has been 18 years since the bubble peak. In the March Case-Shiller house price index released on Tuesday, the seasonally adjusted National Index (SA), was reported as being 72% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 10% above the bubble peak (and historically there has been an upward slope to real house prices).

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Wealth Management

MAY 29, 2024

Buyers and sellers must commit to one another through good and bad market cycles, knowing that a divorce could be messy and expensive.

Marketing 290

Marketing Marketing 290

Calculated Risk

MAY 29, 2024

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 218 thousand initial claims, up from 215 thousand last week. • Also at 8:30 AM, Gross Domestic Product, 1st quarter 2023 (Second estimate). The consensus is that real GDP increased 1.2% annualized in Q1, down from the advance estimate of 1.6%. • At 10:00 AM, Pending Home Sales Index for April.

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Sales 182

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.

Management

Wealth Management

MAY 29, 2024

Steward Partners' Jim Gold details the major trends in the industry, including the future of hybrid RIAs, the impact of private equity and concerns about succession planning.

Wealth Management 289

Wealth Management Management Planning 289

A Wealth of Common Sense

MAY 29, 2024

Inflation and wages are kind of a chicken or egg issue. Do higher prices cause higher wages or do higher wages cause higher prices? I suppose it’s probably a little of both. There is an obvious relationship when you look at the data. Here’s a look at year-over-year wage growth versus trailing twelve-month inflation going back to 1965: Wages grow faster than prices most of the time, but not always.

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Wealth Management

MAY 29, 2024

The push to fundraise from wealthy individuals is turning managers into high-end concierge services.

Management 277

Management 277

Trade Brains

MAY 29, 2024

India’s transformation, from rural landscapes to bustling metropolises, is fueled not just by ambition, but by the invisible hand of electrical engineering components. These, often unnoticed, form the backbone of our nation’s progress. The electricity that illuminates our houses, propels our industries and keeps our cities humming doesn’t simply appear at the flick of a switch.

Planning 100

Planning Engineering Manufacturing Distribution 100

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.

Numbers

Wealth Management

MAY 29, 2024

Tax cuts aren't cures the nation's tax issues.

Taxes 273

Taxes 273

Advisor Perspectives

MAY 29, 2024

Gas prices inched down for a fifth straight week to their lowest level since the beginning of April. As of May 27th, the prices of regular and premium gas each fell 1 cent from the previous week. The WTIC end-of-day spot price for crude oil closed at $79.82, up 0.7% from last week.

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Wealth Management

MAY 29, 2024

Spain & Smith Wealth Advisors will be led by veteran Henry “Hank” Spain, who was most recently with Carnegie Investment Counsel. He’s joined by Dayna Smith, who comes from Frank Legan Advisors at Cedar Brook Group, an RIA affiliated with Cadaret Grant.

Recruitment 267

Recruitment Wealth Advisor Investing Investments 267

MainStreet Financial Planning

MAY 29, 2024

My sister is getting married this fall to the love of her life, and I am so excited to celebrate them! As she began wedding planning, she decided that a destination wedding was what they wanted and chose to get married in Mexico. As the matron of honor, I’ve learned a lot about planning a destination wedding and wanted to share a few tips that could help you or a friend or family member who is planning or considering a destination wedding.

Budgeting 98

Budgeting Transportation Planning Food 98

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.

Accounting

Wealth Management

MAY 29, 2024

The iShares Bitcoin Trust has attracted the greatest inflow since going live, $16.5 billion, while investors have pulled $17.7 billion from the Grayscale fund over the same period.

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Random Roger's Retirement Planning

MAY 29, 2024

A Cliff Clavin footnote to start is that the Kansas song is called Carry on Wayward Son, not my wayward son, obviously the lyrics include the word my but not the title. The ReturnStacked US Stocks & Futures Yield ETF (RSSY) starts trading on the CBOE on Wednesday. We've taken a couple of looks at carry as an investment strategy and hopefully we can dig in a little deeper to learn more.

Portfolio 97

Portfolio Management Retirement Accounting 97

Advisor Perspectives

MAY 29, 2024

The "Rule of 150," or Dunbar’s Number, popularized by British anthropologist Robin Dunbar, suggests that individuals can effectively maintain only about 150 stable relationships. Applying this principle to financial advising can help advisors manage their client networks more efficiently.

Clients 93

Clients Management Financial Advising Numbers 93

Steve Sanduski

MAY 29, 2024

Guest: Tom Rieman, the Founding Partner and CEO of Practice Intel , a company dedicated to empowering advisors to deliver truly impactful advice. Tom has held leadership roles at J. D. Power and Associates, Brinker Capital, and J. P. Morgan Asset Management. In a Nutshell: Tom and I explore three themes that are crucial to all advisors’ success: organic growth; bridging the advice-experience gap between what your clients want and what you’re delivering; and what an ideal advice exper

Financial Advice 59

Financial Advice Clients Food Financial Advisor 59

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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.

Accounting

Advisor Perspectives

MAY 29, 2024

You might think that having an ADA-compliant website is only about adhering to legal requirements, but it can actually help your firm grow.

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64

SEI

MAY 29, 2024

Recognized for advancement in network security and threat detection

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Advisor Perspectives

MAY 29, 2024

Fifth district manufacturing activity improved but remained sluggish in May, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index rose to 0 this month from -7 in April, ending the streak of 6 consecutive negative readings. This month's reading was better than the forecast of -6.

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Manufacturing Banking 59

Wealthfront

MAY 29, 2024

US stocks are popular with investors, and it’s easy to understand why. As an asset class, US stocks have recently had several strong years, and they tend to dominate market news and headlines. They also comprise about 60% of the global equity market. To be sure, US stocks are important for investors—in Wealthfront’s Classic portfolio, […] The post The Case for Investing in Foreign Stocks appeared first on Wealthfront Blog.

Investing 52

Investing Investments Portfolio Assets 52

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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?

Sales