Calculated Risk

OCTOBER 14, 2022

On a monthly basis, retail sales were unchanged from August to September (seasonally adjusted), and sales were up 8.2 percent from September 2021. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for September 2022, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $684.0 billion, virtually unchanged from the previous month, but 8.2 percent above September 2021.

Retail 363

Retail Sales Food 363

The Big Picture

OCTOBER 14, 2022

There’s nothing like confusing market action to send people into narrative creation overdrive. Yesterday’s 2% collapse on hotter-than-expected CPI data, followed by ~5% recovery to finish the day up more than 2% is a perfect example of random market action begetting endless explanations. What was the takeaway from CPI? Check out the BAML chart above: Core goods are coming down ( that’s good!

Risk Tolerance 336

Risk Tolerance Sales Marketing Marketing 336

Wealth Management

OCTOBER 14, 2022

Social media video and audio marketing is the way to reach next gen investors

Clients 321

Clients Media Marketing Marketing 321

Nerd's Eye View

OCTOBER 14, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the Cost Of Living Adjustment (COLA) for Social Security beneficiaries will be 8.7% for 2023, the largest COLA since 1981. While this will help seniors keep pace with rising prices, it also creates tax planning opportunities for advisors and raises the possibility that the Social Security Trust Fund could be depleted sooner than expected.

Financial Planner 246

Financial Planner Tax Planning Clients Accounting 246

Advertisement

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

Clients

Wealth Management

OCTOBER 14, 2022

Structured solutions are increasing in popularity due to rising inflation, but that doesn’t mean they’re for everyone.

278

278

Abnormal Returns

OCTOBER 14, 2022

Podcasting Jim O'Shaughnessy talks with David Senra about the Founders Podcast. (infiniteloopspodcast.com) Jason Buck talks with Bill Brewster from The Business Brew podcast. (mutinyfund.com) Business Patrick O'Shaughnessy talks product pricing with Madhavan Ramanujam author of "Monetizing Innovation: How Smart Companies Design the Product Around the Price.

Marketing 245

Marketing Marketing 245

Calculated Risk

OCTOBER 14, 2022

From CoStar: STR: US Hotel Occupancy Falls, but Rate Increases Remain High U.S. hotel performance increased from the previous week but produced mixed comparisons with 2019, according to STR‘s latest data through Oct. 8. Oct. 2-8, 2022 (percentage change from comparable week in 2019*): • Occupancy: 68.2% (-3.5%) • Average daily rate (ADR): $153.79 (+16.9%) • Revenue per available room (RevPAR): $104.83 (+12.8%) While weekday performance showed an expected decline due to Yom Kippur, school breaks

237

237

Wealth Management

OCTOBER 14, 2022

Here, we answer some common questions about the recent federal actions around student loan forgiveness.

Clients 264

Clients 264

Calculated Risk

OCTOBER 14, 2022

From BofA: On net, today's data on retail sales and import and export prices pushed up our 3Q US GDP tracking estimate by 0.2pp to 1.9% q/q saar , from 1.7% previously. [October 14th estimate] emphasis added From Goldman: Following today’s data, we boosted our Q3 GDP tracking estimate by 0.4pp to +2.3% (qoq ar). [October 14th estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 2.8 percent on Oc

Retail 225

Retail Sales 225

Wealth Management

OCTOBER 14, 2022

When an advisor signs a recruiting deal, the firm is making an investment in that individual, and the advisor is signifying the intent to make good on the firm’s investment. But situations change over time. Is there a way out?

Recruitment 264

Recruitment Investing Investments 264

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.

Management

The Big Picture

OCTOBER 14, 2022

One of the hottest trends in cars lately is retro-modding. It can go in either direction: Take a modern car and make it look like a retro classic — see the post-2000s Ford Mustang or the new Bronco as examples. But the other way to go is to take an older car and modernize it. Perhaps the most outrageous approach to this is done by Singer — as an example, see this gorgeous baby blue 1989 Porsche 964 Carrera 4 Coupe , that is bid up to $950k.

Engineering 189

Engineering 189

Wealth Management

OCTOBER 14, 2022

“You’ve got to take into account the rate of growth we’ve had in the last few years,” CEO James Gorman said.

Accounting 255

Accounting 255

Pragmatic Capitalism

OCTOBER 14, 2022

Here’s my interview with Oliver Renick and TD from yesterday. I brought my sledge hammer with me to demonstrate how Fed policy is currently operating.

186

186

The Big Picture

OCTOBER 14, 2022

My end-of-week morning train WFH reads: • You’re going back to the office. Your boss isn’t. Bosses are ordering people back to the office from the comfort of their own homes. ( Vox ). • In the Battle With Robots, Human Workers Are Winning : As central bankers around the world are rushing to cool labor markets and tame inflation — a lot of policymakers are hoping that this week’s employment report shows declining demand for new workers — a few economic and technological truths have become evident

Insurance 173

Insurance Economics Financial Advisor Education 173

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.

Numbers

A Wealth of Common Sense

OCTOBER 14, 2022

A new research paper from an economist at Yale did a deep dive into 50 of the most popular personal finance books of all-time. If you’re a personal finance nerd like me you should be familiar with the authors — Dave Ramsey, Suze Orman, Robert Kiyosaki, Ramit Sethi, David Bach and the like. The point of the paper was to show how typical personal finance advice differs from academic economic models.

Financial Advice 143

Financial Advice Economics 143

The Reformed Broker

OCTOBER 14, 2022

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Bob Pisani, Kyla Scanlon, and Downtown Josh Brown discuss stories from the stock exchange, investors of the future, the Fed’s toolbox, stocks for the long run, the most important developments in trading over the past 30 years, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your.

Marketing 141

Marketing Marketing 141

The Irrelevant Investor

OCTOBER 14, 2022

One simple way to explain how markets function is rising prices attract buyers, and falling prices attract sellers. They might sound like opposite yet equivalent truths, but they’re not. Fear spreads quicker than greed, which is why bull markets can grind on for years, while bear markets often end quickly and in a panic. The chart below shows what I just described.

Marketing 134

Marketing Marketing 134

Abnormal Returns

OCTOBER 14, 2022

Markets Bond market volatility is at crisis levels. (axios.com) The biggest risk to the market right now is central bank policy error. (awealthofcommonsense.com) When the stock market is down 25% we are usually already in a recession. (theirrelevantinvestor.com) Expectations for the 60/40 portfolio have been reset this year. (morningstar.com) Companies Details on Netflix ($NFLX) Basic with Ads is here.

Marketing 130

Marketing Marketing Financial Advising Retail 130

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.

Accounting

Clever Girl Finance

OCTOBER 14, 2022

Although money cannot buy you happiness, it can bring a sense of security if you know how to manage your money correctly. Without a handle on money management, you may always feel like your life is one step away from a financial cliff. In fact, 25% of Americans say they are constantly worried about money, and studies show that 37% of Americans would use a credit card , get a loan or ask someone they know, to cover a $1,000 financial crisis.

Management 111

Management Budgeting Insurance Accounting 111

Alpha Architect

OCTOBER 14, 2022

It is well documented in the literature that over the long term, low-investment firms have outperformed high-investment firms—with the negative relation between asset growth (AG) and future stock returns particularly featured by the overvaluation of high AG stocks. Lottery Demand and the Asset Growth Anomaly was originally published at Alpha Architect.

Assets 104

Assets Investing Investments 104

Advisor Websites

OCTOBER 14, 2022

Is investing time and resources into your social media platforms as part of your marketing strategy the right move for you? There are many advisors that assume social media marketing isn’t capable of generating new business for their firm or isn’t worth the time, learning curve, or effort. There are others who believe they wouldn't be able to keep up with the trends and constantly changing algorithms, to begin with.

Media 98

Media Financial Advisor Marketing Marketing 98

FMG

OCTOBER 14, 2022

One of our favorite parts of working with our financial advisors and broker-dealers is the reveal of each new website. It’s so exciting to see the unique personality and perspective of each advisor expressed through a website. Our team takes great pride in working with our clients to create something beautiful that stays true to the advisor and the people they serve.

Financial Advisor 98

Financial Advisor Wealth Management Wealth Advisor Clients 98

Advertisement

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.

Accounting

Steve Feinberg

OCTOBER 14, 2022

Cost overruns in construction projects are exactly what they sound like: You meticulously considered the project, offered a detailed bid, spent time, resources, and capital to complete the work to code and client satisfaction—only to have spent 30% more than you initially planned to when the job is finished. If this sounds familiar to your company, you’re not alone.

Management 89

Management Budgeting Communication Accounting 89

Nationwide Financial

OCTOBER 14, 2022

Key Takeaways. Whether your client has young children of their own, teenage grandkids heading to college, or wants to help finance college for someone else in the family, it’s wise to encourage your clients to create a financial plan for doing so. Having a knowledgeable financial professional can help empower clients and can even provide a greater return on investment.

Financial Planning 64

Financial Planning Clients Planning Taxes 64

Steve Feinberg

OCTOBER 14, 2022

Cost overruns in construction projects are exactly what they sound like: You meticulously considered the project, offered a detailed bid, spent time, resources, and capital to complete the work to code and client satisfaction—only to have spent 30% more than you initially planned to when the job is finished. If this sounds familiar to your company, you’re not alone.

Management 87

Management Budgeting Communication Accounting 87

Nationwide Financial

OCTOBER 14, 2022

Soaring inflation and rising interest rates have contributed to growing recession fears. With inflation showing no signs of slowing, the Federal Reserve, as expected, raised its policy rate by 75 basis points in September. But another uncomfortably high inflation reading last month will likely mean another supersized rate hike when they meet again in early November.

Economy 59

Economy Marketing Marketing Investments 59

Advertisement

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?

Sales

Steven J. Wilson

OCTOBER 14, 2022

Typical payment terms for consultants are either an hourly rate, a flat fee per project, or a combination of the two. In some cases, consultants may also receive a commission for finding new clients or completing specific tasks. Independent consultants typically work with businesses on a short-term basis, providing advice and expertise as needed. However, Read more.

Consulting 52

Consulting Commission Clients 52

ModernAdvisor

OCTOBER 14, 2022

September was a follow on of the declines seen in August, as almost everything declined across both equity and fixed income markets. September 2022 Market Performance All index returns are total return (includes reinvestment of dividends) and are in Canadian Dollars unless noted. *Absolute change in yield, not the return from holding the security. September was a follow on of […].

Marketing 52

Marketing Marketing Investments Investing 52

Steven J. Wilson

OCTOBER 14, 2022

The customer experience (CX) in today’s world is more important than ever. With technology playing a more significant role in our lives, customers now expect a streamlined experience with quick and easy solutions to their problems. This means that businesses must be able to provide a customer experience that is both efficient and personalized and.

Consulting 52

Consulting 52

Mullooly Asset Management

OCTOBER 14, 2022

In this week’s podcast, Tom, Tim, Brendan and Casey discuss the latest inflation reading and what impact it is having on the stock market. The cost of living adjustment for Social Security was also announced yesterday. The guys break down why this year’s adjustment might feel better than last year’s. The market has been watching […] In this week’s podcast, Tom, Tim, Brendan and Casey discuss the latest inflation reading and what impact it is having on the stock market.

Marketing 52

Marketing Marketing 52

Advertisement

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.

Accounting