Abnormal Returns

MAY 1, 2024

April 2024 The S&P 500 lost 4.08% in April 2024. (on.spdji.com) How major asset classes performed in April 2024. (capitalspectator.com) Hedge funds are overexposed to momentum. (ft.com) Strategy Catalysts matter. Good luck identifying them. (behaviouralinvestment.com) How to think about debt. (collabfund.com) Markets have to clear. (fortunesandfrictions.com) Companies Berkshire Hathaway ($BRK.A) owners can thank Todd Combs and Ted Weschler for the Apple ($AAPL) investment.

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Marketing Marketing Financial Advising Manufacturing 262

Nerd's Eye View

MAY 1, 2024

A little over 20 years ago, when the Internet was still just a few years into gaining widespread use, the SEC understood its potential to transform how financial advisory firms conducted business with the ability to deliver advice digitally, lowering the barriers to serve clients across the country. However, the challenge for firms that wanted to use their websites to advise clients, but didn't otherwise qualify for SEC registration, was that they would ostensibly need to register in all 50 stat

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Investing Investments Compliance Clients 189

Abnormal Returns

MAY 1, 2024

Podcasts Christine Benz and Amy Arnott talk with Meir Statman author of "A Wealth of Well-Being: A Holistic Approach to Behavioral Finance." (morningstar.com) Justin Carbonneau and Jack Forehand talk with Jared Dillian author of "No Worries: How to Live a Stress-Free Financial Life." (youtube.com) Peter Lazaroff talks with Sara Gelsheimer, Senior Wealth Manager at Plancorp, about the unique planning needs for women who are primary breadwinners.

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Retirement Wealth Management Taxes Media 240

Wealth Management

MAY 1, 2024

The Federal Trade Commission's move to outlaw these clauses in contracts could affect millions of Americans. But litigation against the ban is already in motion.

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Commission Banking 121

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Accounting

Advisor Perspectives

MAY 1, 2024

The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) fell to 49.2 in April from 50.3 in March. The latest figures draws the index back into contraction territory after expanding for one month. The April reading was below the forecast of 50.0.

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Manufacturing Management 111

Discipline Funds

MAY 1, 2024

Wednesday’s Fed decision was largely unsurprising. But the most important data point of the day came long before the Fed decision. The latest JOLTS report showed the lowest levels of quits since early 2018 when Core PCE inflation was around 2%. This is an interesting data point because the quit rate has tended to be a good measure of labor market tightness.

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Marketing Marketing Economy 105

Wealth Management

MAY 1, 2024

Brian Hughes has had a 30-year career in financial services, most recently as founder and president of wealth management consultancy Hughes Growth Strategies.

Wealth Management 103

Wealth Management Financial Services Consulting Management 103

Advisor Perspectives

MAY 1, 2024

The ADP employment report revealed that 192K nonfarm private jobs were added in April, a slowdown from the 208K private jobs added in March. The latest reading came in higher than the expected 179K addition of new private jobs.

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Wealth Management

MAY 1, 2024

Guidelines for taking a deeper look at the ways your firm is leveraging each system and how they all work together.

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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

Banking

Calculated Risk

MAY 1, 2024

Wards Auto released their estimate of light vehicle sales for April: U.S. Light-Vehicle Sales Trudge Along with Tepid Growth in April (pay site). Affordability continued to dominate the sales mix as gains in entry-price CUV and car segments more than offset downturns recorded in most other segments. While the SAAR and the daily selling rate were up, raw volume declined year-over-year due to April 2024 having one fewer selling day than in 2023.

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Sales 81

Wealth Management

MAY 1, 2024

Ethan Campbell of Stones River Wealth Management in Woodbury, Tenn., is the latest to join $31.5 billion Private Advisor Group.

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Wealth Management Management 111

Calculated Risk

MAY 1, 2024

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 26, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.3 percent on a seasonally adjusted basis from one week earlier.

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Marketing Marketing 75

Wealth Management

MAY 1, 2024

The IBD has deployed about $400 million in capital across 27 deals since launching the liquidity and succession program.

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Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor

During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.

Financial Advice

A Wealth of Common Sense

MAY 1, 2024

Today’s Animal Spirits is brought to you by YCharts: See here for the YCharts report builder and proposal capabilities to save time and add value to client relationships! On today’s show, we discuss: 30 years of financial market returns Cathie Wood’s popular ARK funds are sinking fast Young Americans are getting left behind by rising home prices, higher stocks Vanguard: How America Saves Five thing.

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Financial Market Clients Marketing Marketing 73

Wealth Management

MAY 1, 2024

Certified advisors differentiate themselves by being equipped to offer comprehensive services that address complex client needs.

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Certification Wealth Management Management Clients 103

Calculated Risk

MAY 1, 2024

From the BLS: Job Openings and Labor Turnover Summary The number of job openings changed little at 8.5 million on the last business day of March, the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires changed little at 5.5 million while the number of total separations decreased to 5.2 million. Within separations, quits (3.3 million) and layoffs and discharges (1.5 million) changed little. emphasis added The following graph shows job openings (black line), hires (

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Numbers Economy Marketing Marketing 70

Wealth Management

MAY 1, 2024

If the SEC approves mutual fund/ETF dual shares, it might bring a big pivot for the RIA industry.

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Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.

Banking

Advisor Perspectives

MAY 1, 2024

Here is the latest update of a popular market valuation method, Price-to-Earnings (P/E) ratio, using the most recent Standard & Poor's "as reported" earnings and earnings estimates, and the index monthly average of daily closes for the past month. The latest trailing twelve months (TTM) P/E ratio is 26.6 and the latest P/E10 ratio is 33.0.

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Valuation Marketing Marketing 69

Wealth Management

MAY 1, 2024

Ninth Circuit affirms holding that a history of lending is not determinative of tax treatment of subsequent intrafamily wealth transfers.

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Taxes 97

Calculated Risk

MAY 1, 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 210 thousand initial claims, up from 207 thousand last week. • Also at 8:30 AM: Trade Balance report for March from the Census Bureau. The consensus is the trade deficit to be $68.8 billion.

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Wealth Management

MAY 1, 2024

Tru will operate as a separate entity from Sanctuary, maintaining its brand and leadership team.

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Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

Financial Planning

Calculated Risk

MAY 1, 2024

From the Census Bureau reported that overall construction spending increased: Construction spending during March 2024 was estimated at a seasonally adjusted annual rate of $2,083.9 billion, 0.2 percent below the revised February estimate of $2,087.8 billion. The March figure is 9.6 percent above the March 2023 estimate of $1,901.4 billion. emphasis added Private spending decreased and public spending increased: Spending on private construction was at a seasonally adjusted annual rate of $1,600.8

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Wealth Management

MAY 1, 2024

The agency hopes to renew interest in alternate dispute resolution options.

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Taxes 119

Advisor Perspectives

MAY 1, 2024

Based on the April S&P 500 average of daily closes, the Crestmont P/E of 36.7 is 144% above its arithmetic mean, 166% above its geometric mean, and is at the 99th percentile of this 14-plus-decade series.

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Valuation Marketing Marketing 64

Wealth Management

MAY 1, 2024

Open, honest and candid discussion about the DOL fiduciary rule, RIA M&A, the Callan study, 401GO funding and more.

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Creating a winning digital lending experience requires plenty of focus on the needs of customers and more. Biz2X Chief Product Officer Aaron Traub covers everything from how to create such an experience, areas to hone in on, pitfalls to avoid, and plenty more in this insightful article. Discover how to utilize new technology without alienating existing customers, what to emphasize when working on your platform, and how to utilize the data at your disposal while not becoming overly reliant on it.

Communication

Advisor Perspectives

MAY 1, 2024

The latest job openings and labor turnover summary (JOLTS) report showed that job openings fell to their lowest level in over three years. Vacancies dropped to 8.488 million in March from February's upwardly revised level of 8.813 million. The latest reading was below the expected 8.680 million vacancies.

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Calculated Risk

MAY 1, 2024

Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in March; Up 6.6% Year-over-year A brief excerpt: On a year-over-year basis, the National FMHPI was up 6.6% in March, up from up 6.5% YoY in February. The YoY increase peaked at 19.1% in July 2021, and for this cycle, bottomed at up 0.9% YoY in April 2023. As of March, 11 states and D.C. were below their previous peaks, Seasonally Adjusted.

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Advisor Perspectives

MAY 1, 2024

The Q Ratio is the total price of the market divided by the replacement cost of all its companies. The latest Q-ratio is at 1.90, down from 1.93 in March.

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Valuation Marketing Marketing 69