Wed.Nov 16, 2022

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AIA: Architecture Billings Index "decreases considerably" in October

Calculated Risk

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Demand for design services decreases considerably Demand for design services from architecture firms softened considerably in October, according to a new report from The American Institute of Architects (AIA). AIA’s Architecture Billings Index (ABI) score for October was 47.7, the first decline in billings since January 2021 (any score below 50 indicates a decline in firm billings).

Investing 363
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Glamour

The Reformed Broker

Glamour is a supernatural form of mental compulsion or influence that is specific to vampires. Glamouring is similar to hypnosis, and while all vampires have this power, it needs to be taught as it does not appear to come naturally… The process of glamouring begins with eye contact between a vampire and a respondent. Once eye contact is made, the respondent is held in a trance, making them susceptible to the pow.

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Art and Art Funds As Alternative Investments

Wealth Management

The most critical expertise needed is in the areas of taxes, legal title, recognition, liquidity and premiums.

Investing 317
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Light Posting Due to C19…

The Big Picture

So, the whole house is down with Covid. I had some minor symptoms I assumed were vaccine side effects, but I kept testing negative. By the time I tested positive it was way too late for Paxlovid. I isolated to keep everyone else safe. Too late! Mrs. Big Picture went from no symptoms to full-on flu 2 days after me. Paxlovid helped her dramatically — she went from worse than me to much better in 24 hours.

Clients 264
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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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Industrial Sales Not Immune from Impact of Higher Interest Rates

Wealth Management

Investors in the sector have been more reluctant to close deals as the cost of capital rises. But given a strong outlook for income growth, many acquisitions are still going through.

Sales 290
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3rd Look at Local Housing Markets in October; California Sales off 37% YoY, Prices Fall; Early Read on October Sales

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in October; California Sales off 37% YoY, Prices Fall; Early Read on October Sales A brief excerpt: California doesn’t report monthly inventory numbers, but they do report the change in months of inventory. Here is the press release from the California Association of Realtors® (C.A.R.): California home sales bear brunt of higher interest rates in October, C.A.R. reports October’s sales pace was down 10.4 perc

Sales 246

More Trending

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Discussing Inflation And Market Turmoil Using Questions To Navigate Difficult Client Conversations

Nerd's Eye View

With inflation running hot, a potential recession looming, and both stock and bond markets seeing significant drops so far this year, there is no shortage of potential stressors for financial planning clients. And as crises arise and stress builds up, some clients may reach a tipping point where they seek out their advisor looking for answers to ensure their financial plan remains on track.

Clients 246
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ETFs With the Greatest Outflows in the Past Month

Wealth Management

These funds lost the most money over the last 30 days.

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Those Age 65+ Constitute 81% of the Working Age Population Increase In the last 3 Years

Mish Talk

Data from BLS, calculation and chart by Mish. Definitions The Civilian Noninstitutional Population is defined as persons 16 years of age and older residing in the 50 states and the District of Columbia, who are not inmates of institutions (e.g., penal and mental facilities, homes for the aged), and who are not on active duty in the Armed Forces. The participation rate is the percentage of the population that is either working or actively looking for work.

Numbers 227
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Spectrum Wealth Management Joins Focus Financial

Wealth Management

The $1 billion AUM, Indianapolis-based firm will become the 89th partner on the Focus Financial platform.

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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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Retail Sales Increased 1.3% in October

Calculated Risk

On a monthly basis, retail sales were up 1.3% from September to October (seasonally adjusted), and sales were up 8.3 percent from October 2021. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for October 2022, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $694.5 billion, up 1.3 percent from the previous month , and 8.3 percent above October 2021.

Retail 204
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Ford Is Building Its First New Auto Plant in 53 Years. That’s Stirring Mixed Emotions.

Wealth Management

In the small towns near Stanton, Tenn. residents view the future manufacturing colossus with hope and trepidation. But the project has rattled Michigan officials who fear that Ford’s center of gravity is shifting south.

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MBA: Mortgage Applications Increase in Latest Weekly Survey

Calculated Risk

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 11, 2022. This week’s results include an adjustment for the observance of Veterans Day.

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11 Must Reads for the CRE Industry Today (Nov. 17, 2022)

Wealth Management

Demand for design services decreased considerably, according to the latest AIA Billings Index. Institutional investors are increasing target allocations to real estate, however the denominator effect has left some funds overexposed to the sector, reports the latest Institutional Real Estate Allocations Monitor. These are among today’s must reads from around the commercial real estate industry.

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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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3 Lessons From the Collapse of FTX (Video)

Pragmatic Capitalism

In this video we discuss the collapse of FTX and the crypto markets and what we can learn from this bear market.

Marketing 187
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The Healthy Advisor: When a Child Struggles With Opioid Addiction With Lori Eisel

Wealth Management

Advisor Lori Eisel realized she could not control her son’s addiction, but she could help herself and shift her mindset about it.

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Thursday: Housing Starts, Unemployment Claims, Philly Fed Mfg

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 8:30 AM ET, Housing Starts for October. The consensus is for 1.410 million SAAR, down from 1.439 million SAAR. • Also at 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for 230 thousand initial claims, up from 225 thousand last week. • Also at 8:30 AM, the Philly Fed manufacturing survey for November.

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Survey: More Firms Plan to Add Compliance Resources

Wealth Management

An aggressive regulatory push by the SEC is behind the "major shift" in resources, according to Hearsay Compliance Principal Bill Simpson.

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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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Clips From Today’s Closing Bell

The Reformed Broker

Stocks aren’t fully pricing in a recession, says Ritholtz’s Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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Former Morgan Stanley Broker and Team Launch $5B Nordwand Capital

Wealth Management

A former Morgan Stanley Private Wealth advisor and team launched the multi-family office and investment firm based in Radnor, Penn., with locations in New York City and Boston, backed by Dynasty Financial Partners.

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Consumers Step Up Purchases With a Splurge of Retail Sales Spending

Mish Talk

Advance Retail Sales from Census Department, chart by Mish. Advance Retail Sales Today, the Commerce Department released Advance Retail Sales Data for October. Advance estimates of U.S. retail and food services sales for October 2022, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes , were $694.5 billion, up 1.3 percent from the previous month, and 8.3 percent above October 2021.

Retail 130
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Former Oregon Broker Faces 5-Year Prison Term For $2.5M Tax Fraud

Wealth Management

James Millegan faces as much as five years in prison after a jury found him guilty of evading $2.5 million in income taxes, according to the Department of Justice.

Taxes 246
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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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Wednesday links: bubbles and frauds

Abnormal Returns

Strategy Jack Forehand, "There is no magic bullet to help decide when to change an investment process." (blog.validea.com) You can't control the markets, only your own behavior. (allstarcharts.com) Activists Google ($GOOGL) is not too big to attract an activist investor. (cnbc.com) Saba Capital wants Franklin Templeton ($BEN) to attend to some high discount CEFs.

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Airbnb Rolls Out New Features to Encourage More Owners to List Properties

Wealth Management

The San Francisco-based company expects more people to become hosts to bring in a second source of income as the economy slows. To help them feel safer with the prospect of renting their homes to strangers, Airbnb is expanding its identity verification process to the 35 most popular countries.

Economy 246
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Industrial Production Decreased 0.1 Percent in October

Calculated Risk

From the Fed: Industrial Production and Capacity Utilization Industrial production decreased 0.1 percent in October , and its gain in September was revised down to 0.1 percent. Manufacturing output edged up 0.1 percent in October, and its increases in July, August, and September were all lower than previously reported. In October, the index for mining stepped down 0.4 percent, and the index for utilities fell 1.5 percent.

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Origin Wealth Brings Matson Money to Canada

Wealth Management

The “strategic alignment” brings Matson’s portfolios and investment principles to a “wide-open” market.

Portfolio 246
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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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Get Serious About Marketing

Advisor Perspectives

I’ve learned from experience what it takes to mount a successful marketing campaign. Here are some observations.

Marketing 118
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Former Oregon Broker Faces Five-Year Prison Term for $2.5M Tax Fraud

Wealth Management

James Millegan faces as much as five years in prison after a jury found him guilty of evading $2.5 million in income taxes, according to the Department of Justice.

Taxes 242
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Real Estate Investing For Beginners: Getting Started

Clever Girl Finance

This post contains some affiliate links from brands we use & love that help us grow Clever Girl Finance! Please see our disclosures for more information. A lot of modern investing is relatively hands-off. You buy a share of a stock or an index fund , then just hold it and let it grow for years or even decades. And while this is certainly a smart and simple way to invest , it’s not the only way to start investing; there's also real estate investing for beginners.

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Dodd Kittsley on Focusing on Value and Confronting Fears

Wealth Management

National director of Davis Advisors, highlights opportunities for investors who move past their emotions at a time of market volatility and rising interest rates.

Marketing 147
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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.