Wealth Management

OCTOBER 7, 2024

The Cleveland-based MAI's acquisition of Halpern Financial is the firm’s eighth deal this year and its 40th since 2018.

Fee Only 283

Fee Only Management 283

Calculated Risk

MAY 15, 2025

Dashed purple is for 2018, the record year for hotel occupancy. From STR: U.S. hotel results for week ending 10 May The U.S. hotel industry reported negative year-over-year comparisons, according to CoStars latest data through 10 May. Click on graph for larger image. Note: Y-axis doesn't start at zero to better show the seasonal change.

147

147

Calculated Risk

APRIL 10, 2025

Dashed purple is for 2018, the record year for hotel occupancy. From STR: U.S. hotel results for week ending 5 April The U.S. hotel industry reported mixed year-over-year comparisons, according to CoStars latest data through 5 April. Click on graph for larger image. Note: Y-axis doesn't start at zero to better show the seasonal change.

147

147

Calculated Risk

APRIL 3, 2025

Dashed purple is for 2018, the record year for hotel occupancy. From STR: U.S. hotel results for week ending 29 March On the positive side of the Easter calendar shift , the U.S. hotel industry reported increases across the key performance metrics, according to CoStars latest data through 29 March. Click on graph for larger image.

162

162

Wealth Management

APRIL 10, 2025

The Kitces Financial Advisor FinTech Solutions Map has nearly tripled in size since 2018, reflecting the rapid growth and evolution of technology solutions in wealth management.

Wealth Management 272

Wealth Management Management Financial Advisor 272

Calculated Risk

MARCH 27, 2025

Dashed purple is for 2018, the record year for hotel occupancy. From STR: U.S. hotel results for week ending 22 March The U.S. hotel industry reported positive year-over-year comparisons, according to CoStars latest data through 22 March. Click on graph for larger image.

162

162

Wealth Management

OCTOBER 5, 2023

Genstar, which first took a majority stake in Cetera in 2018, remains the majority shareholder in the broker/dealer network.

293

293

Calculated Risk

FEBRUARY 2, 2025

Dashed purple is for 2018, the record year for hotel occupancy. From STR: U.S. hotel results for week ending 25 January As expected with the MLK Day holiday, the U.S. hotel industry reported mixed year-over-year comparisons, according to CoStars latest data through 25 January. Click on graph for larger image.

165

165

Calculated Risk

MARCH 2, 2025

Dashed purple is for 2018, the record year for hotel occupancy. From STR: U.S. hotel results for week ending 22 February The U.S. hotel industry reported mixed year-over-year comparisons, according to CoStars latest data through 22 February. Click on graph for larger image.

147

147

Calculated Risk

MAY 20, 2025

Energy expenditures as a percentage of PCE increased to 2018 levels by the end of 2021 and increased further in 2022 due to the Russian invasion of Ukraine. During the early stages of the pandemic, energy expenditures as a percentage of PCE hit an all-time low of 3.3% Here is an update through the April 2025 PCE report.

147

147

Wealth Management

JUNE 17, 2024

This represents Allworth’s 18th California location, its fifth deal this year and 36th acquisition since 2018. Allworth now has 42 offices nationwide.

284

284

Calculated Risk

JANUARY 22, 2023

2018 2019 2020 2021 2022 Peak Month June June Oct June June December -7.0% -3.8% -0.7% -2.2% -11.3% And seasonally prices usually bottom the following January (contracts signed in November and December). I've included the decline from the peak for December for each year to compare to 2022. January -8.9% -6.7% -1.2% -3.4%

Sales 363

Sales 363

Calculated Risk

DECEMBER 30, 2024

million SAAR in November 2017, 2018, and 2019. However, sales in November, at 4.15 million on a seasonally adjusted annual rate basis (SAAR) were still historically low. Sales averaged about 4.5 So, sales were still about 23% below pre-pandemic levels. Here is a look at months-of-supply using NSA sales.

Sales 147

Sales Marketing Marketing 147

Nerd's Eye View

JUNE 9, 2025

It quickly became a perennial favorite on Nerd's Eye View, and so I've updated it every year, with new lists of books in 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, and a fresh round last year in 2024.

Financial Advisor 173

Financial Advisor Financial Planner Financial Advice Clients 173

Calculated Risk

APRIL 6, 2023

NOTE: This release has "revisions to the historical series for CY 2018-2022 for both initial claims and continued claims".

Insurance 354

Insurance 354

Nerd's Eye View

NOVEMBER 20, 2024

Notably, much of the language from the 1986 SEC Interpretive Release was later reiterated in a 2018 SEC Risk Alert and a 2019 SEC Interpretation. The SEC, in its interpretive release, sets an expectation of "periodic and systematic evaluation" (i.e.,

Fiduciary Duty 237

Fiduciary Duty Clients Commission Accounting 237

Wealth Management

DECEMBER 18, 2023

DocuSign, which went public in 2018, has been hurt by increasing competition from Adobe Inc.’s s document business.

Sales 257

Sales 257

Calculated Risk

MAY 30, 2025

Dashed purple is for 2018, the record year for hotel occupancy. From STR: U.S. hotel results for week ending 24 May The U.S. hotel industry reported mixed year-over-year comparisons, according to CoStars latest data through 24 May. Click on graph for larger image. Note: Y-axis doesn't start at zero to better show the seasonal change.

147

147

Calculated Risk

NOVEMBER 29, 2024

Dashed purple is for 2018, the record year for hotel occupancy. From STR: U.S. hotel results for week ending 23 November Due to the Thanksgiving calendar shift , the U.S. hotel industry reported higher year-over-year performance comparisons, according to CoStar’s latest data through 23 November. Click on graph for larger image.

162

162

Calculated Risk

SEPTEMBER 20, 2024

Dashed purple is for 2018, the record year for hotel occupancy. From STR: U.S. hotel results for week ending 14 September The U.S. hotel industry reported mostly negative year-over-year comparisons, according to CoStar’s latest data through 14 September. Click on graph for larger image.

298

298

Wealth Management

JULY 12, 2023

Executives say the funding will fuel the next stage of growth for PCIA, which has already expanded assets by some 700% since early 2018.

Investment Advisor 246

Investment Advisor Investments Investing Assets 246

Wealth Management

SEPTEMBER 29, 2022

Activity in ETFs tends to jump at times of turmoil because they’re easy to trade—investors can quickly pare risky positions, shift into safety or place directional bets.

157

157

Calculated Risk

OCTOBER 25, 2024

Dashed purple is for 2018, the record year for hotel occupancy. From STR: U.S. hotel results for week ending 19 October The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 19 October. Click on graph for larger image.

281

281

Calculated Risk

MAY 24, 2024

Dashed purple is for 2018, the record year for hotel occupancy. From STR: U.S. hotel results for week ending 18 May The U.S. hotel industry reported higher performance from the previous week and positive comparisons year over year, according to CoStar’s latest data through 18 May. Click on graph for larger image.

305

305

Wealth Management

DECEMBER 7, 2023

Toronto-based Wealthsimple has grown rapidly, with assets rising about 10-fold to C$25 billion since 2018, thanks in part to slick advertising and some Hollywood star power — celebrities Drake, Michael J. Fox and Ryan Reynolds are among its minority investors.

Assets 242

Assets Advertising 242

Mish Talk

NOVEMBER 30, 2022

Blockchain Scrapheap The Tech Monitor reports IBM and Maersk Scrap Blockchain Trade Platform TradeLens IBM and logistics company Maersk have called time on TradeLens, the blockchain-backed supply chain platform that came online for the first time in 2018, citing a “lack of global industry collaboration” for its demise.

License 219

License Transportation Distribution Banking 219

Calculated Risk

JANUARY 5, 2025

Real GDP Growth Year Annual GDP Q4 / Q4 2005 3.5% 2008 0.1% -2.5% 2009 -2.6% 2020 -2.2% -1.0% 2024 1 2.8% 1 2024 estimate based on 2.8% Q4 SAAR annualized real growth rate. Real GDP growth is a combination of labor force growth and productivity.

Economy 173

Economy Economics Sales Investing 173

Calculated Risk

SEPTEMBER 23, 2024

in August 2018. The following graph shows months-of-supply since 2017. Note that months-of-supply is higher than the last 3 years (2021 - 2023), and above August 2019. Months-of-supply was at 4.2 in August 2017 and 4.3 In 2020 (black), months-of-supply increased at the beginning of the pandemic and then declined sharply.

Sales 279

Sales 279

Calculated Risk

NOVEMBER 24, 2024

Dashed purple is for 2018, the record year for hotel occupancy. From STR: U.S. hotel results for week ending 16 November Due to the Veteran’s Day calendar shift, the U.S. hotel industry reported mixed year-over-year performance comparisons, according to CoStar’s latest data through 16 November. Click on graph for larger image.

147

147

A Wealth of Common Sense

MARCH 16, 2025

Coming into 2025 the S&P 500 had just two down years out of the past 15: 2010 +14.8% 2024 +24.9% We were all probably a little spoiled. Regardless of the reason for the recent swoon, we were due.

113

113

Calculated Risk

APRIL 23, 2023

2018 2019 2020 2021 2022 2023 Jan to Mar 3.7% NA The 2023 increase in median prices from January to March was about the same as in 2018 and 2019. And prices only declined slightly in the 2nd half of 2021. Mar to Jun 9.6% NA Total Jan to Jun 13.7% NA Jun to Dec -7.0% -3.8% 5.0% -2.2% -11.4%

Sales 246

Sales 246

Calculated Risk

APRIL 12, 2024

Dashed purple is for 2018, the record year for hotel occupancy. From STR: U.S. hotel results for week ending 6 April U.S. hotel performance showed mixed results from the previous week but positive comparisons year over year, according to CoStar’s latest data through 6 April. Click on graph for larger image.

283

283

The Big Picture

JULY 27, 2022

Consider these columns going back to 2013 pointing out the foolishness of tax-payer subsidized corporate welfare queens (2013), and why median wages were rising ( 2016 , 2017 , 2018 , 2018 , 2019 ). Then came the pandemic, and a huge federal worker subsidy. Workers upskilled and launched new businesses.

Medicine 331

Medicine Numbers Food Insurance 331

Calculated Risk

JUNE 26, 2023

Dashed purple is for 2018, the record year for hotel occupancy. . -- Hotel Occupancy: STR -- This graph shows the seasonal pattern for the hotel occupancy rate using the four-week average. The red line is for 2023, black is 2020, blue is the median, and dashed light blue is for 2022. This data is through June 17th.

Transportation 352

Transportation Numbers Sales 352

Calculated Risk

SEPTEMBER 9, 2022

Note: The number of assets for problem banks increased significantly back in 2018 when Deutsche Bank Trust Company Americas was added to the list. No banks failed in the second quarter. This graph from the FDIC shows the number of problem banks and assets at problem institutions.

Banking 349

Banking Insurance Numbers Assets 349

Calculated Risk

FEBRUARY 28, 2023

Note: The number of assets for problem banks increased significantly back in 2018 when Deutsche Bank Trust Company Americas was added to the list. No banks failed in the fourth quarter. This graph from the FDIC shows the number of problem banks and assets at problem institutions.

Banking 360

Banking Insurance Numbers Assets 360

The Big Picture

MARCH 2, 2023

Year-over-year growth is now pacing just slightly ahead of the average rate from 2018 to 2019 (2.8 Apartment List notes in its most recent report that “Year-over-year rent growth is continuing to decelerate, and now stands at 3.0 percent, its lowest level since April 2021. percent), and is likely to decline further in the months ahead.”

Marketing 316

Marketing Marketing 316