Abnormal Returns

JULY 26, 2024

Strategy Our brains weren't built for investing. (safalniveshak.com) The small cap bounce back will make stock picking fun again. (scheplick.com) Fund management Is Vanguard, and by extension Blackrock ($BLK), getting too big for its own good? (riabiz.com) The Russell 2000 is a flawed index. (wsj.com) Manager selection is becoming more transparent. (blogs.cfainstitute.org) Companies Alphabet ($GOOGL) makes more in interest income than the majority of the S&P 500 makes in earnings.

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Nerd's Eye View

JULY 26, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that Charles Schwab's latest RIA benchmarking study shows that firms saw significant AUM growth in 2023, thanks in part to strong equity market performance, but also thanks to organic growth initiatives that brought in additional assets from new and existing clients.

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Abnormal Returns

JULY 26, 2024

The biz Spotify ($SPOT) is planning to add an even higher paid tier. (theverge.com) Is the worst over for the podcasting industry? (bloomberg.com) What's new in Overcast. (marco.org) Finance Matt Zeigler talks with Ryan Krueger, founder of Freedom Day Solutions, about his career path. (epsilontheory.com) Joe Weisenthal and Tracy Alloway talk with Rich Falk-Wallace, founder and CEO of Arcana, about building risk management tools for pod shops.

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Calculated Risk

JULY 26, 2024

Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through June 2024. CPI Shelter was up 5.1% year-over-year in June, down from 5.4% in May, and down from the cycle peak of 8.2% in March 2023. Housing (PCE) was up 5.3% YoY in June , down from 5.5% in May, and down from the cycle peak of 8.3% in April 2023.

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Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

Management

Wealth Management

JULY 26, 2024

Salesforce's Michelle Feinstein discusses the findings from the 2024 CTO Think Tank hosted at Wealth Management EDGE.

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Wealth Management Management 90

Wealth Management

JULY 26, 2024

Financial advisors are still bullish on the prospects for the U.S. stock market, according to WealthManagement.

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Calculated Risk

JULY 26, 2024

Here is new working paper from Sylvain Leduc and Daniel J. Wilson at the Federal Reserve Bank of San Francisco Snow Belt to Sun Belt Migration: End of an Era Given climate change projections for coming decades of increasing extreme heat in the hottest U.S. counties and decreasing extreme cold in the coldest counties, our findings suggest the “pivoting” in the U.S. climate-migration correlation over the past 50 years is likely to continue, leading to a reversal of the 20th century Snow Belt to Su

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Banking 58

Wealth Management

JULY 26, 2024

Firms that have developed a structure to spur organic growth, not just through acquisitions, are the most likely to retain or boost their value.

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Advisor Perspectives

JULY 26, 2024

Personal income ( excluding transfer receipts ) rose 0.2% in June and is up 4.3% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.1% month-over-month and up 1.8% year-over-year.

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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

Wealth Management

JULY 26, 2024

CEO Dan Arnold said the firm “can only speculate” on why other industry peers announced changes to their sweep pricing during its Q2 earnings call this week.

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Planning 66

Alpha Architect

JULY 26, 2024

The shrinking pool of public companies across which active funds can diversify their holdings, increases the risk of crowding, which the research we reviewed shows negatively impacts performance. That provides yet another reason for investors to choose to avoid playing the loser’s game of active management. The Negative Impact of Crowding on Active Fund Performance was originally published at Alpha Architect.

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Management 57

Advisor Perspectives

JULY 26, 2024

I almost exclusively talk about stocks here in Dividend Digest because dividends are at the root of my strategy. But most income investing includes some level of exposure to debt.

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A Wealth of Common Sense

JULY 26, 2024

There’s an old saying that people don’t attend church on Sundays expecting to hear an eleventh commandment. You go to reinforce what you’ve already learned or learn it all over again. And so it is with the basic principles of finance. Jason Zweig once wrote the following: My job is to write the exact same thing between 50 and 100 times a year in such a way that neither my editors nor my readers will ever.

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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

Random Roger's Retirement Planning

JULY 26, 2024

Risk Parity has intrigued me since I first heard about it however many years ago. The very simplistic definition is weighting the assets by how much risk they have although I might argue the idea is more about weighting volatility than risk but either way. Often, in order to have the bond sleeve have the same risk (or volatility) as the equity sleeve, the bond sleeve would need to be leveraged up significantly.

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NAIFA Advisor Today

JULY 26, 2024

Greg Etchison is an experienced professional in the Medicare supplement business. With a career spanning over 25 years in the healthcare industry, he also has extensive experience across major carriers. Greg is passionate about educating people about healthcare options and optimizing coverage for seniors. He is a leading voice in Medicare supplement education, guiding individuals through the complexities of healthcare.

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Healthcare Compliance Education Management 52

Advisor Perspectives

JULY 26, 2024

For the first time in over three months, the S&P 500 fell for a second straight week as it finishing down 0.83% from last Friday. The index is currently up 16.10% year to date and has recorded a new all-time high 38 times this year.

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Truemind Capital

JULY 26, 2024

The S&P 500 has reached record highs this year, while Japan’s Nikkei 225 index has climbed to its highest levels in three decades. Despite global uncertainties, the US and Japanese stock markets have been thriving. Through this article, let us understand the factors behind the rally and the outlook for these markets. So, what’s driving the new peaks?

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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

JULY 26, 2024

Consumer sentiment dropped to an 8-month low in July according to the final report for the Michigan Consumer Sentiment Index. The index fell 1.8 points (-2.6%) from June's final reading to 68.2. The latest reading was below the forecast of 66.0.

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Truemind Capital

JULY 26, 2024

After a sparkling rally in Gold & Silver over the last few years, many investors have become interested in the glitter of the precious metals. Gold & Silver are up by ~23% & ~28% y-o-y (as of 30 Jun’24). In 2018, we decided to have a Gold allocation of ~15% to all our client’s portfolios owing to macroeconomic developments. What has been driving Gold & Silver prices & are these factors sustainable?

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Advisor Perspectives

JULY 26, 2024

Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process.

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Wealth Management

JULY 26, 2024

The court agreed that the Biden-era version of the fiduciary was structurally similar to the Obama-era rule. However, consumer advocates argue that plaintiffs are “forum-shopping” for sympathetic courts.

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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

Advisor Perspectives

JULY 26, 2024

The BEA's Personal Income and Outlays report revealed inflation cooled further in June, dropping to its slowest pace in four months. The PCE price index, the Fed's favored measure of inflation, was up 0.1% from May and was up 2.5% year-over-year. Both readings were consistent with their respective forecasts.

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Carson Wealth

JULY 26, 2024

President Joe Biden withdrew from the 2024 presidential race and endorsed Vice President Kamala Harris as the Democratic nominee, although the endorsement does not necessarily mean she will win the nomination. The change in the Democratic ticket does not change our fundamental view of the election, which we discussed at length in our recently released Midyear Outlook 2024: Eyes on the Prize.

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Taxes Economy Marketing Marketing 52

Advisor Perspectives

JULY 26, 2024

With the release of June's report on personal incomes and outlays, we can now take a closer look at "real" disposable personal income per capita. At two decimal places, the nominal 0.13% month-over-month change in disposable income comes to 0.06% when we adjust for inflation. The year-over-year metrics are 3.04% nominal and 0.51% real.

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Advisor Perspectives

JULY 26, 2024

Pressure is again mounting on the proxy advisory firms that recommend how investors should vote on executive pay and other corporate matters. Regulators need to remember who should be prioritized here — investors, not company management.

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Management 52

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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

JULY 26, 2024

San Francisco has been the subject of a lot of negative press over the past several years. It was hit hard by the pandemic exodus from cities, the shift to work from home that emptied offices, the crime and homelessness that marred its national reputation, and pledges by corporate leaders such as Elon Musk to relocate their company headquarters elsewhere.

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Advisor Perspectives

JULY 26, 2024

The big story making the rounds this summer is the spike in the small-cap Russell 2000 since the release of the latest Consumer Price Index (CPI) report, which shocked the market by printing 0.0% month-over-month in June.

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Marketing Marketing 52

Advisor Perspectives

JULY 26, 2024

Goldman Sachs Asset Management is launching four new municipal-bond exchange-traded funds, adding to the $129 billion corner of the state and local government debt market.

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