Calculated Risk
OCTOBER 3, 2023
Wards Auto released their estimate of light vehicle sales for September: September U.S. Light-Vehicles Sales Bounce Back Despite Gloomy Conditions (pay site). Hard to say exactly how much but sales could have been slightly stronger in September if not for some lost inventory caused by production cuts related to plant shutdowns from UAW strikes at Ford, General Motors and Stellantis.
Wealth Management
OCTOBER 3, 2023
Here are some best practices to help your client manage their newfound wealth responsibly.
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Calculated Risk
OCTOBER 3, 2023
Here is another monthly update on lumber prices. SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16th. I've now switched to a new physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long term price comparisons since the new contract was priced about 24% higher than the old random length contract for the period both contracts were available.
Wealth Management
OCTOBER 3, 2023
Creative Planning announces its first acquisition since it agreed to buy Goldman Sachs' Personal Financial Management business.
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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
Calculated Risk
OCTOBER 3, 2023
Today, in the Calculated Risk Real Estate Newsletter: FHFA’s National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores A brief excerpt: Here are some graphs on outstanding mortgages by interest rate, the average mortgage interest rate, borrowers’ credit scores and current loan-to-value (LTV) from the FHFA’s National Mortgage Database through Q2 2023 (released last Friday).
Wealth Management
OCTOBER 3, 2023
Justin Maher agreed to a 12-month suspension for not informing Northwestern Mutual of his involvement in co-founding a crypto asset eventually promoted by Kim Kardashian, Paul Pierce, Floyd Mayweather Jr. and other celebrities.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
OCTOBER 3, 2023
After more than 40 years in business, another broker/dealer network updates its brand. The firm also hired Rob Engle as its new chief revenue officer.
Abnormal Returns
OCTOBER 3, 2023
Rates By this measure, the term premium is now positive. (axios.com) Why bonds are once again a viable investment option. (morningstar.com) Why interest rates have been rising. (advisorperspectives.com) Stock market The stock market is a complicated place. (theirrelevantinvestor.com) You are unlikely to predict what might bring the stock down in the future.
Wealth Management
OCTOBER 3, 2023
U.S. life insurers are likely to avoid fallout from their exposure to the commercial real estate sector, according to a new Fitch Ratings report. Investor requests for withdrawals from Blackstone Real Estate Income Trust have slowed down in recent months, reported Bloomberg. These are among today’s must reads from around the commercial real estate industry.
Calculated Risk
OCTOBER 3, 2023
From the BLS: Job Openings and Labor Turnover Summary The number of job openings increased to 9.6 million on the last business day of August , the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations changed little at 5.9 million and 5.7 million, respectively. Within separations, quits (3.6 million) and layoffs and discharges (1.7 million) changed little. emphasis added The following graph shows job openings (black line), hires (dark blue), La
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.
Wealth Management
OCTOBER 3, 2023
It’s commonplace now for investors to sell their stakes in buyout funds before the vehicle matures. But with better risk management, they shouldn’t need to.
Calculated Risk
OCTOBER 3, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:15 AM, The ADP Employment Report for September. This report is for private payrolls only (no government). The consensus is for 150,000 jobs added, down from 177,000 in August. • At 10:00 AM, the ISM Services Index for September.
Wealth Management
OCTOBER 3, 2023
Katherine Krantz, the CEO at Center for the Macro Specialist Designation, explains why financial advisors should use macro data and events when building investment portfolios.
Calculated Risk
OCTOBER 3, 2023
Notes: This CoreLogic House Price Index report is for August. The recent Case-Shiller index release was for July. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: US Annual Home Price Growth Picks Up Pace in August, CoreLogic Reports • U.S. home prices increased year over year for the 139th consecutive month in August. • Home prices are 42% higher compared with March 2020, when the pandemic began. • August’s annual 3.7% home price gain was
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.
Wealth Management
OCTOBER 3, 2023
The news of employees being let go at the Chicago-based firm follows reports last week that Orion and advisor tech firm Envestnet also faced layoffs.
The Reformed Broker
OCTOBER 3, 2023
Interest rates are rising because economic growth is better than expected, says Cerity’s Lebenthal from CNBC Final Trades: Starbucks, Cisco & more from CNBC
Wealth Management
OCTOBER 3, 2023
The commercial real estate investment market has become much more globalized in recent years. Here’s how investors can keep track of the performance of non-listed real estate vehicles across multiple continents.
The Reformed Broker
OCTOBER 3, 2023
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: ►Rising Rates Hurt – “Investors fear unsustainably high interest rates will spark bank-loan defaults” ►Utilities Crash – Utilities are underperforming the S&P 500 32% YTD.
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.
Wealth Management
OCTOBER 3, 2023
The T. Rowe OHA Select Private Credit Fund, or OCREDIT, already has $1.5 billion of investible capital.
Abnormal Returns
OCTOBER 3, 2023
Behavior Why the pace of underperformance affects decision making. (klementoninvesting.substack.com) Investor expectations overshoot. (papers.ssrn.com) Operations How return stacking works. (returnstacked.com) How to box spreads work? The story behind the Alpha Architect 1-3 Month Box ETF ($BOXX). (moontowermeta.com) Research Has the introduction of ETFs been a net boon for investors?
Wealth Management
OCTOBER 3, 2023
AI Reshaping Industries: Parnassus Investment Outlook
A Wealth of Common Sense
OCTOBER 3, 2023
Over the past few months, there has been a swift re-rating in longer-term bond yields. The 10 year treasury is now yielding around 4.8%, up from a low of 3.3% as recently as April. It was yielding 3.7% in July. Many pundits believe the bond market is only now waking up to the potential of a higher-for-longer interest rate regime caused by strong labor markets, a resilient economy, higher-than-expected inflation and Fed po.
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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.
Advisor Perspectives
OCTOBER 3, 2023
Here is a summary of the four market valuation indicators we update on a monthly basis.
Million Dollar Round Table (MDRT)
OCTOBER 3, 2023
By Julianne Hertel, CLU, ChFC As financial advisors and life insurance agents, we love helping our clients. Yet, if our clients are put off by some of the phrases or terminology we use, then it can become an obstacle. Fortunately, there are different words we can use. Language matters. When we change our words with clients, we can make the financial planning experience better for them and change their expectations when we take them on a journey to reaching their dreams.
Advisor Perspectives
OCTOBER 3, 2023
Many Americans believe that Gen Z is financially illiterate and uninformed. But the story is not that simple.
Clever Girl Finance
OCTOBER 3, 2023
Have you ever wondered about what to do instead of watching TV? When the working day is over, you may find yourself reaching for the remote control. Television consumption usually doesn’t require much cognitive effort and it’s a way of shutting down while trying to relax. Keep reading to learn more! Table of contents Revealed: What over-consuming TV does to your brain 26 Fun and productive ideas of what to do instead of watching TV Expert tip: Start monitoring how much TV you watch How do I sto
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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?
Advisor Perspectives
OCTOBER 3, 2023
I always talk about how powerful social media is. Let me tell a story that proves it.
MainStreet Financial Planning
OCTOBER 3, 2023
“MainStreet Chalk Talk” The MainStreet Financial Planning Discussion Club When: Tuesday 10-17-23 at 7:30pm Eastern; 4:30pm Pacific ~30-45 minutes Recorded and able to retrieve for one week How : Zoom Meeting Free for current clients, $10 for guests Register Here! Real Estate Investing & Taxes Hosted by: Vida Jatulis , CFP® Guest Speaker : Robert Colon, EA, CFP®, CWS®, CRPC®, Please join MainStreet Financial Planner Vida Jatulis, CFP® and her guest Robert Colon, EA, CFP® for a conversation ab
Integrity Financial Planning
OCTOBER 3, 2023
Transforming a distributor or reseller into a valuable company may seem like a daunting task. Distributors are usually not worth very much, because an acquirer reasons that without a point of differentiation, a distributor is vulnerable to a price war. Rather than acquire a target company, a savvy potential acquirer of a distributor could temporarily lower their price for whatever is being distributed and woo most of the target company’s customers without acquiring the company.
The Irrelevant Investor
OCTOBER 3, 2023
Today’s Animal Spirits is brought to you by Nuveen and Kaplan Schweser: See here for more information on investing with Nuveen See here to save 10% on Schweser CFA exam prep materials On today’s show, we discuss: The worlds priciest stock market Why a US recession is still likely – and coming soon Only richest 20% of Americans still have excess pandemic savings Americans are still spending like there̵.
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