Can O.J. Simpson’s Executor Stiff-Arm the Goldman Family?
Wealth Management
APRIL 15, 2024
Or will the family be able to squeeze the over $33 million they’re owed in civil judgments out of The Juice’s estate?
Sat.Apr 13, 2024 - Fri.Apr 19, 2024
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Housing April 15th Weekly Update: Inventory up 2.6% Week-over-week, Up 29.6% Year-over-year
Calculated Risk
APRIL 15, 2024
Altos reports that active single-family inventory was up 2.6% week-over-week. Inventory bottomed in mid-February this year, as opposed to mid-April in 2023, and inventory is now up 5.6% from the February bottom. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of April 12th, inventory was at 526 thousand (7-day average), compared to 513 thousand the prior week.
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Top clicks this week on Abnormal Returns
Abnormal Returns
APRIL 14, 2024
Also on the site Some interesting developments in the financial media space. (abnormalreturns.com) Top clicks this week These 15 stocks destroyed the most value in the past decade. (morningstar.com) It's way too easy to mislead someone with charts. (awealthofcommonsense.com) Two things you probably don't need to worry about, including index concentration.
3 Question Types To Go From (Just) Retained To Highly Engaged And Happier Clients
Nerd's Eye View
APRIL 17, 2024
After advisors do all of the work of bringing on a new client (Marketing! Prospecting! Onboarding! Compliance!), it can sometimes feel natural to let the relationship go into "maintenance mode". And while all may appear well on the surface – the client rarely contacts the advisor with problems but they show up for every annual meeting – they may actually be feeling quite disengaged with the financial planning services being provided.
Live Demo - Supercharge your Month End Close
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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
Preparing and Engaging the Next Gen for Future Succession Roles
Wealth Management
APRIL 19, 2024
How to equip inheritors to handle a large influx of wealth.
MBA: Mortgage Applications Increased in Weekly Survey
Calculated Risk
APRIL 17, 2024
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 3.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 12, 2024. The Market Composite Index, a measure of mortgage loan application volume, increased 3.3 percent on a seasonally adjusted basis from one week earlier.
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Repurposing Your Content To Enhance Growth: How 1 Piece Of Content Can Cover 6 Different Marketing Tactics
Nerd's Eye View
APRIL 15, 2024
Growing an advisory firm is no easy task – and advisors who start firms often have few resources to spare (beyond their own knowledge and time), face huge to-do lists, and are required to wear a number of hats. Foremost among their responsibilities is business development, which compels them to seek out prospects who will eventually become clients (so that they can grow their firms, allocate resources accordingly, and do even more financial planning!).
House Passes Legislation to Terminate Tax-Exempt Status of Terrorism-Linked Charities
Wealth Management
APRIL 17, 2024
The bill was expedited after Iran attacked Israel over the weekend.
Retail Sales Increased 0.7% in March
Calculated Risk
APRIL 15, 2024
On a monthly basis, retail sales were up 0.7% from February to March (seasonally adjusted), and sales were up 4.0 percent from March 2023. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for March 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $709.6 billion, up 0.7 percent from the previous month , and up 4.0 percent above March 2023.
Tuesday links: buying business with cash
Abnormal Returns
APRIL 16, 2024
Strategy Joe Wiggins, "It is important to remember that behavioural finance would be redundant if it were easy; if it wasn’t hard it wouldn’t be useful." (behaviouralinvestment.com) Investing requires a measure of optimism in the future. (ofdollarsanddata.com) Fund management 15 more ideas from Seth Klarman's "Margin of Safety" including 'Investment must be thought of as more than stock selection or making a series of solid individual investment decisions.
2025 Industry Index: How Top Advisors Are Scaling Smarter (and Faster) This Year
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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
10 Weekend Reads
The Big Picture
APRIL 13, 2024
The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • This is the most consequential technology in America: (Spoiler alert: It’s YouTube.) It’s the most popular social app and music service, the healthiest economy on the internet and AI training fuel. ( Washington Post ) • What I Learned from Daniel Kahneman.
JPMorgan Loses Two Former First Republic Teams Totaling $8.5B in AUM
Wealth Management
APRIL 19, 2024
JPMorgan is losing two former First Republic teams totaling about $8.5 billion to Citizens and Merrill Lynch.
NMHC: "Apartment Market Continues to Loosen"
Calculated Risk
APRIL 19, 2024
Today, in the CalculatedRisk Real Estate Newsletter: NMHC: "Apartment Market Continues to Loosen" Excerpt: From the NMHC: Apartment Market Continues to Loosen Amidst Worsening Financing Conditions Apartment market conditions continued to weaken in the National Multifamily Housing Council’s (NMHC’s) Quarterly Survey of Apartment Market Conditions for April 2024.
Friday links: not taking enough risk
Abnormal Returns
APRIL 19, 2024
Markets TIPS are on sale. Time to buy. (morningstar.com) Two reasons why yields are higher this year. (carsongroup.com) The stock-bond correlation has flipped positive. (mrzepczynski.blogspot.com) Books Why you should read Rob Copeland's "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend." (advisorperspectives.com) A review of "Enrich Your Future: The Keys to Successful Investing" by Larry Swedroe.
Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management
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.
Update: At the Money
The Big Picture
APRIL 13, 2024
I wanted to share a few thoughts about the new podcast we formally launched in December of last year, At the Money. The idea behind the show: Short, focused conversations with experts about any and all issues that affect you and your money, from spending it to investing it. Think of it as a guided tour of key ideas, sherpaed with the experts who I believe add enormous value to our understanding of how humans do behave — and should behave — around money.
Adjusted for Risk: Following Data Driven Trends and The Role of Managed Futures in an Investment Portfolio
Wealth Management
APRIL 16, 2024
AlphaSimplex's Katy Kaminski describes how the firm uses data to measure where the markets are moving.
NAR: Existing-Home Sales Decreased to 4.19 million SAAR in March; Median House Prices Increased 4.8% Year-over-Year
Calculated Risk
APRIL 18, 2024
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 4.19 million SAAR in March Excerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2023 and 2024. Sales declined 3.7% year-over-year compared to March 2023. This was the thirty-first consecutive month with sales down year-over-year.
Personal finance links: keeping your focus
Abnormal Returns
APRIL 17, 2024
Podcasts Roger Whitney talks retirement challenges with Christine Benz. (youtube.com) Sam Parr talks with 'Ryan' and 'Jeff' about the reality of retiring early. (podcasts.apple.com) Peter Lazaroff talks with Taylor Schulte and Benjamin Brandt about the new Retirement Podcast Network. (peterlazaroff.com) Justin Castelli talks curiosity and more with Tom Morgan.
What Your Financial Statements Are Telling You—And How to Listen!
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.
Mastering Your Finances: A Guide for New College Graduates
Carson Wealth
APRIL 19, 2024
Congratulations, recent college graduate! You’ve worked hard to earn your degree, and now you’re ready to embark on the next chapter of your life. This is an exciting time – one filled with lots of changes, like starting a new career and learning how to manage living on your own. As you transition into the “real” world, one of the most crucial skills you can develop is managing your finances effectively.
Nine Investment Must Reads This Week
Wealth Management
APRIL 16, 2024
KKR logged $3 billion in sales in products aimed for the private wealth channel—up from $400 million in sales per quarter in 2022. Morningstar published an explainer on the growing world of interval funds. These are among the investment must reads we found this week for wealth advisors.
Single Family Starts Up 22% Year-over-year in March; Multi-Family Starts Down Sharply
Calculated Risk
APRIL 16, 2024
Today, in the Calculated Risk Real Estate Newsletter: Single Family Starts Up 22% Year-over-year in March; Multi-Family Starts Down Sharply A brief excerpt: Total housing starts in March were well below expectations, however, starts in January and February were revised up. The third graph shows the month-to-month comparison for total starts between 2023 (blue) and 2024 (red).
Research links: better behavior
Abnormal Returns
APRIL 16, 2024
Asset allocaiton Is regret a better measure to target for portfolio allocations? (blogs.cfainstitute.org) Why asset allocation is sensitive to goals and assumptions. (priceactionlab.com) The case against a cryptocurrency allocation. (insights.finominal.com) Global macro hedge funds are mid. (klementoninvesting.substack.com) Corporate finance Are family-controlled firms more at-risk of price crashes?
How to Avoid Pitfalls In Automation: Keep Humans In the Loop
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.
How Long Does it Take For a 10 Bagger in the Stock Market?
A Wealth of Common Sense
APRIL 14, 2024
I first heard the term ‘bagger’ in One Up on Wall Street by Peter Lynch. He writes about Microsoft being a 100-bagger (the book came out in 1989). He mentions Dell as an 889-bagger. Subaru was a 156-bagger. There were a lot of other baggers as well. Lynch is credited with the term ten-bagger for a stock that’s up 10x. There are some well-known ten-baggers during the current bull run.
RIAs Likely to Shrug Off Fidelity’s New ETF Fees
Wealth Management
APRIL 15, 2024
Most ETF issuers have agreed to pay a new maintenance fee to Fidelity, leaving only a handful that investors will have to pay $100 service fees to purchase.
Fed's Beige Book: "Economic activity expanded slightly"
Calculated Risk
APRIL 17, 2024
Fed's Beige Book Overall economic activity expanded slightly , on balance, since late February. Ten out of twelve Districts experienced either slight or modest economic growth—up from eight in the previous report, while the other two reported no changes in activity. Consumer spending barely increased overall, but reports were quite mixed across Districts and spending categories.
Monday links: paying what you owe
Abnormal Returns
APRIL 15, 2024
Strategy Even the best investors make big mistakes. (mrzepczynski.blogspot.com) Don't let one mistake keep your from investing over the long run. (bestinterest.blog) Big winners require patience. (awealthofcommonsense.com) Finance The CBOE's ($CBOE) defense of 0DTE options as risk management tool. (ft.com) Goldman Sachs ($GS) traders had a good Q1 2024.
Book of Secrets on the Month-End Close
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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.
Rich People Who Don’t Feel Rich
A Wealth of Common Sense
APRIL 19, 2024
How much money do you have to make to feel rich? It’s a subjective question. A lot depends on your lifestyle, where you live, how much you spend and save, your peer group, and your vulnerability to comparison. The comparison piece matters more than most are willing to admit. Wealth is relative. JP Morgan once said, “Comparison is the thief of joy.” It’s easy to say when you’re one of the weal.
We’re in the Early Innings of the Consolidation Game
Wealth Management
APRIL 16, 2024
In speaking with industry watchers, the consensus is that we’re closer to the beginning of the cycle than the end when it comes to M&A.
4th Look at Local Housing Markets in March; California Home Sales Down 4.4% YoY in March
Calculated Risk
APRIL 17, 2024
Today, in the Calculated Risk Real Estate Newsletter: 4th Look at Local Housing Markets in March; California Home Sales Down 4.4% YoY in March A brief excerpt: The NAR is scheduled to release March existing home sales tomorrow, Thursday, April 18th at 10:00AM ET. The consensus is for 4.20 million SAAR, down from 4.38 million in February. Housing economist Tom Lawler expects the NAR to report sales of 4.23 million SAAR for March.
Wednesday links: tempted by drawdowns
Abnormal Returns
APRIL 17, 2024
Rates The Treasury market is buying into a 'higher for longer' scenario. (capitalspectator.com) The stock market was not counting on higher yields in 2024. (downtownjoshbrown.com) Strategy Geopolitics and investing don't mix well. (theirrelevantinvestor.com) Why broader diversification hasn't paid off as of late. (morningstar.com) There's no single explanation why small caps have lagged large caps in the U.S.
Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success
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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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