Tue.Feb 28, 2023

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FDIC: Problem Banks Decreased to Record Low 39 in Q4 2022

Calculated Risk

The FDIC released the Quarterly Banking Profile for Q4 2022: Reports from 4,706 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reflect aggregate net income of $68.4 billion in fourth quarter 2022, a decrease of $3.3 billion (4.6 percent) from the third quarter. Lower noninterest income and higher provision expenses offset an increase in net interest income.

Banking 360
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Six Reasons 2023 Is the Year of the 1031 Exchange

Wealth Management

Many long-term owners are starting to recognize their upside in the near future is gone, yet their management headaches and expenses remain.

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Comments on December Case-Shiller and FHFA House Prices

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index "Decline Continued" to 5.8% year-over-year increase in December Excerpt: Both the Case-Shiller House Price Index (HPI) and the Federal Housing Finance Agency (FHFA) HPI for December were released today. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).

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BlackRock Sells FutureAdvisor's Direct-to-Consumer Business to Ritholtz

Wealth Management

New York-based Ritholtz Wealth Management will take over the direct-to-consumer robo business from FutureAdvisor.

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2025 Industry Index: How Top Advisors Are Scaling Smarter (and Faster) This Year

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

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Case-Shiller: National House Price Index "Decline Continued" to 5.8% year-over-year increase in December

Calculated Risk

S&P/Case-Shiller released the monthly Home Price Indices for December ("December" is a 3-month average of October, November and December closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P: S&P Corelogic Case-Shiller Index Decline Continued in December The S&P CoreLogic Case-Shiller U.S.

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Advisor Charged With Murder in Colombia Faces Fallout

Wealth Management

Financial advisor John Poulos was fired from Vanguard and stripped of his CFP designation after being arrested for a homicide near Bogota, Columbia. He was caught in Panama on his way to Turkey, according to reports.

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More Trending

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ESG Investing: Don’t Forget Factor Exposures

Wealth Management

Any benefit from incorporating ESG credentials into a portfolio is already captured by other well-defined equity factors.

Investing 264
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Transcript: David Layton

The Big Picture

The transcript from this week’s, MiB: David Layton, CEO of Partners Group , is below. You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, another extra special guest from the world of private markets, the Partners Group is probably the largest private equit

Investing 147
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How Technology Makes Adopting Direct Indexing Easy

Wealth Management

Stay one step ahead of the robots with direct indexing.

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Warren Buffett Strikes Back!

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Berkshire Letter – “Buffett went after the buyback people” ►Bad Year for 401(k)s – “New Fidelity data show a steep drop in seven-figure account balances.” ►Back to Basics – & The post Warren Buffett Strikes Back!

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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.

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Mercer Launches Broker/Dealer for Legacy Assets

Wealth Management

Mercer CEO Dave Welling says the new brokerage will help it better serve prospective clients and M&A prospects with long-standing commission-based assets at outside broker/dealers.

Assets 246
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Does International Diversification Work?

Alpha Architect

In this article, the authors examine the research on the benefits of international diversification. Some argue that because equity markets generally crash simultaneously, there are no benefits to having equity diversification. The evidence from this paper rejects this hypothesis. Does International Diversification Work? was originally published at Alpha Architect.

Marketing 137
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Target Needs to Make You Want to Spend Again

Wealth Management

Target stores were designed to encourage impulse buying so that a one-item trip multiplies into a shopping spree.

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Las Vegas January 2023: Visitor Traffic Down 4.0% Compared to 2019; Convention Traffic Down 24.9%

Calculated Risk

Note: I like using Las Vegas as a measure of recovery for both leisure (visitors) and business (conventions). From the Las Vegas Visitor Authority: January 2023 Las Vegas Visitor Statistics With strong weekends and rebounding attendance for conventions including the citywide tradeshows of CES, World of Concrete, and the SHOT show, Las Vegas hosted an estimated 3,275,000 visitors in January, well ahead of the lingering pandemic-suppressed volumes of January 2022 and just -4% shy of January 2019.

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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.

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10 Must Reads for CRE Investors Today (Feb. 28, 2023)

Wealth Management

Real estate borrowers are looking for creative solutions when refinancing amid a volatile lending landscape, reports RE Business Online. Federal Reserve economists warned about CRE valuations taking a tumble. These are among today’s must reads from around the commercial real estate industry.

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Tuesday links: rotary phones

Abnormal Returns

Markets The stock market cares more about inflation than rates. (awealthofcommonsense.com) Desperate investors don't do well. (onveston.substack.com) Finance Bain on the state of the private equity industry. (ft.com) Why Goldman Sachs' ($GS) retail push failed. (cnbc.com) Apple How Apple ($AAPL) uses ML and AI. (macworld.com) Gen Z around the world loves the iPhone.

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Orion Launches Compliance Tool With Share Class Monitoring

Wealth Management

The newly-released tool seeks to automate multiple compliance processes, including share class monitoring.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: JPMorgan, Target, Wynn Resorts & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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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.

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Editor's Letter: The Wider World of Wealth Management

Wealth Management

Wealth management is a wide tent.

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Will High Risk-Free Rates Derail the Stock Market?

A Wealth of Common Sense

I did an interview with Janet Alvarez for The Business Briefing on SiriusXM last week and she asked me for something I’m thinking about that not a lot of investors are talking about at the moment. It’s kind of hard to find something no one is talking about because so many people are talking all the time now what with 24-hour financial news channels, a plethora of financial media companies, blogs, Substacks, ne.

Media 127
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BlackRock Says Bond Yields Offer Chance to ‘Fix’ the 40 in 60/40

Wealth Management

Stephen Laipply, the US head of fixed-income ETFs at BlackRock, explains why ETFs focused on safe and simple Treasuries have attracted funds this year after the bond market's worst year on record in 2022.

Marketing 130
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How To Find Your Why And Gain Clarity In Life

Clever Girl Finance

Sometimes life can become confusing if you haven't answered the question of what's your why. For example, are you feeling in your career, relationships, or life in general? If so, it may be time to find your why to bring more intention and focus to your life. Finding your why is a journey of self-discovery, focusing on uncovering the underlying purpose that drives you to take action.

Planning 105
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Book of Secrets on the Month-End Close

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.

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Biden Nominates Julie Su as Labor Secretary, Replacing Walsh

Wealth Management

Su, 54, led California’s labor department before joining the Biden administration as deputy labor secretary.

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How To Create A Budget Binder + A Free Budget Binder Printables

Clever Girl Finance

It’s happening again. It’s the end of another month, and you aren’t sure why you can make any progress on your monthly financial goals. Maybe you overspent on a housing project or didn’t account for a last-minute expense, but your budget got blown again. While many conventional money methods are about spreadsheets and spending apps, that doesn’t work for you.

Budgeting 105
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Where is the Best Place to Keep My Emergency Fund?

Walkner Condon Financial Advisors

In general, people should strive to have an emergency fund that covers 3-6 months of living expenses. These funds should be held in a liquid account that can be easily accessed in case of a sudden emergency or unexpected expense. However, not all savings accounts are created equal. If you’re not earning much in interest on your cash you are losing purchasing power as prices continue to rise.

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The economy remains hot, likely too hot for the Fed

Nationwide Financial

The spike in job creation and consumer spending in January showed that the slower trend of economic growth at the end of 2022 did not carry into the new year. However, the accelerated pace of activity is too fast to meaningfully slow inflation and further complicates the Fed’s goal to produce price stability. This likely means even more tightening over the first half of 2023, ironically increasing the odds of a harder landing.

Economy 98
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Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success

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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Pay it forward

Million Dollar Round Table (MDRT)

By Matt Pais, MDRT Content Specialist Not long after he came to the U.S. from India, Devang Patel, CFP, CLU , broke his leg playing volleyball. He had no health insurance, and his parents weren’t able to pay his medical bills. To Patel’s surprise, the doctor said, ”No charge – just pay it forward.” “They could have given me a payment plan or asked me to pay later.

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: 6-month T-bill rate heads for highest level in 16 years

MarketWatch

The rate on the 6-month T-bill jumped to 5.140% on Tuesday morning and headed for its highest level since February 2007, according to Tradeweb. Short-term rates rose after data from France and Spain showed inflation to be persistently stubborn outside the U.S., suggesting the need for continued tightening by central banks. The 6-month rate ended the New York session at 5.152% on Feb. 26, 2007.

Banking 98
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Bearish and Bullish Momentum Ranges

Andrew Thrasher

Momentum indicators are widely used by most technicians. There’s a wide variety of applications of momentum. Some look at high-low ranges, closing values only, various lookback periods, smoothed values with the inclusion of moving averages.

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Animal Spirits: Are Bonds Competition For Stocks?

The Irrelevant Investor

Today’s Animal Spirits is brought to you by YCharts: Enter your information here to get 20% off YCharts (new clients only) On today’s show, we discuss: 10 years of A Wealth of Common Sense The most important charts for 2023 Soft landing? More like no landing Apartment rents fall as rush of new supply hits market There’s no going back to the old normal Tightening monetary policy and patterns of consumpt.

Clients 89
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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.