Thu.Mar 02, 2023

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Realtor.com Reports Weekly Active Inventory Up 67% YoY; New Listings Down 16% YoY

Calculated Risk

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released today from Chief economist Danielle Hale: Weekly Housing Trends View — Data Week Ending Feb 25, 2023 • Active inventory growth continued to climb with for-sale homes up 67% above one year ago. Inventories of for-sale homes rose again, but climbed on par with last week’s pace, which was a slightly slower yearly pace than we saw late January and early February.

Sales 363
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The States With the Highest and Lowest Property Taxes

Wealth Management

Depending on where your clients live, property taxes can be a small inconvenience or a major burden.

Taxes 334
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Hotels: Occupancy Rate Down 1.5% Compared to Same Week in 2019

Calculated Risk

From CoStar: STR: Weekly US Hotel Occupancy Eclipses 64% U.S. hotel performance increased from the previous week, according to STR‘s latest data through Feb. 25. Feb. 19-25, 2023 (percentage change from comparable week in 2019*): • Occupancy: 64.2% (-1.5%) • Average daily rate (ADR): US$156.51 (+22.2%) • Revenue per available room (RevPAR): US$100.43 (+20.3%) *Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.

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Rent Increases by County

The Big Picture

Fascinating dive into rent increases on a county by county basis via USAFacts: Rents rose in 58% of all counties nationwide between 2020 and 2023. Data shows that rents rose and dipped between neighboring zip codes. Housing prices jumped during the COVID-19 pandemic as remote work caused many Americans to reconsider their living situations. Rent prices also rose, with inflation-adjusted median rent growing from $1,163 in 2019 to $1,191 in 2021, according to the US Census Bureau.

Marketing 316
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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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Year-over-year Rent Growth Continues to Decelerate

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Year-over-year Rent Growth Continues to Decelerate A brief excerpt: The rental market has changed significantly from 2021 and the first half of 2022. Here is a graph of the year-over-year (YoY) change for these measures since January 2015. Most of these measures are through January 2023, except CoreLogic is through December and Apartment List is through February 2023.

Marketing 292
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Watercoolers Become RTO Measure as Remote-Work Debate Rages

Wealth Management

The amount of water dispensed in machines sold by Bevi — a Boston-based startup that provides Internet-connected coolers to more than 5,000 businesses across the US — mirrors the office occupancy rates tracked by security firm Kastle Systems throughout the pandemic.

Startup 281

More Trending

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Rivermark Wealth Management Joins Falcon Wealth Planning

Wealth Management

Falcon, with more than $500 million in assets under management, has made its first acquisition as the firm considers taking on a capital partner.

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"Mortgage Rates Now Back Above 7%"

Calculated Risk

From Matthew Graham at Mortgage News Daily: Mortgage Rates Now Back Above 7% Mortgage rates have been hit hard on two fronts over the past month. The first front is the obvious one: the bond market has moved in a way that forces rates to go higher. To be fair, it's almost always the bond market that forces rates to go wherever they're going. There's a different problem in the "everything else" category right now.

Marketing 277
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Blackstone Defaults on €531 Million Nordic Property CMBS

Wealth Management

The private equity firm had sought an extension from holders of the securitized notes to allow time to dispose of assets and repay the debt, according to people with knowledge of the plan. Market volatility triggered by the war in Ukraine and rising interest rates interrupted the sales process and bondholders voted against a further extension.

Sales 277
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Weekly Initial Unemployment Claims decrease to 190,000

Calculated Risk

The DOL reported : In the week ending February 25, the advance figure for seasonally adjusted initial claims was 190,000 , a decrease of 2,000 from the previous week's unrevised level of 192,000. The 4-week moving average was 193,000, an increase of 1,750 from the previous week's unrevised average of 191,250. emphasis added The following graph shows the 4-week moving average of weekly claims since 1971.

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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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Nine Must Reads for CRE Investors Today (March 2, 2023)

Wealth Management

Private investors overtook institutions as the biggest global investors in commercial real estate, according to Knight Frank’s latest wealth report. Apartment sales fell 71 percent year-over-year in January, reports Multifamily Dive. These are among today’s must reads from around the commercial real estate industry.

Sales 275
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Thursday links: the Fed’s job

Abnormal Returns

Markets The stock market is getting oversold. (quantifiableedges.com) Small caps are still outperforming. (wsj.com) Finance The SEC is charging an insider trading case using 10b5-1 plans. (wsj.com) Now you can bet on Jim Cramer's stock picks via these new ETFs. (advisorperspectives.com) Global A year later some companies are stuck in Russia. (nytimes.com) Russia is going to great lengths to avoid sanctions.

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Now Self-Clearing, Altruist Becomes a True Custodian

Wealth Management

After years as an "introducing b/d," Altruist Clearing goes live this week, the final step in becoming a full-service custodian—the only one, argues CEO Jason Wenk, built from the ground up and exclusively for RIAs.

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The Past, Present and Future of Financial Media

The Reformed Broker

It was a lot of fun hanging with my old friend Howard Lindzon on his show this week. Listen above or wherever fine podcasts are played. The post The Past, Present and Future of Financial Media appeared first on The Reformed Broker.

Media 177
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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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RIA Roundup: Lazard Asset Management Acquires Truvvo Partners to Create $8B Family Office

Wealth Management

Despite talk of RIA M&A slowing, the industry announced a bevy of new deals this week, transacting almost $19 billion in client assets.

Assets 264
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A Short History of Interest Rate Cycles

A Wealth of Common Sense

A reader asks: Can we get a breakdown from Ben on the pros and cons of long-term vs. short-term bonds? I’ve probably gotten more questions/comments about bonds over the past 6 months than I’ve received in the previous 6 years. The huge losses in fixed income last year have forced investors to become more thoughtful about how they allocate to this asset class.

Assets 133
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SEC: Father, Son Team Lied About Being Fired, Impersonated Clients on Calls

Wealth Management

The commission charged Kevin Kane and Sean Michael Kane for defrauding clients after they were fired from Waddell & Reed by telling them they left voluntarily.

Clients 264
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Longform links: the mental health crisis

Abnormal Returns

Business The inside story of how Wellington Management and Vanguard became long-term partners. (institutionalinvestor.com) How Germany's biggest fraud ever, Wirecard, eventually unraveled. (newyorker.com) What the NBA can learn from Formula 1. (stratechery.com) Shoes How New Balance plans to keep up its growth. (gq.com) Why 'recycled shoes' don't necessarily end up recycled.

Insurance 130
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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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WealthStack Roundup: Untangling Motive And Clearlake's Acquisition of Mediant Communications

Wealth Management

Our tech columnist adds context and history to some private equity news, plus his take on a robo's demise and shares AcreTrader's latest accolade.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Cleveland-Cliffs, Pioneer Natural Resources & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Mindy Diamond on Independence: An Update on Advisor Movement in 2022

Wealth Management

The 2022 Advisor Transition Report features the latest full year data on financial advisor movement, transition deals and transition case studies.

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Jim Cramer ETFs Arrive to Bet On, Against Mad Money Host’s Picks

Advisor Perspectives

Whether you’re a lover or loather of Jim Cramer — and on both Wall Street and Main Street, there are plenty of each — you’re now able to express that view via the magic of ETFs.

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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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100 Ways to Grow Your Wealth Management Firm

Wealth Management

Accelerate your firm’s growth in 2023 with this list of 100 ideas.

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A Short History of Interest Rate Cyles

A Wealth of Common Sense

A reader asks: Can we get a breakdown from Ben on the pros and cons of long-term vs. short-term bonds? I’ve probably gotten more questions/comments about bonds over the past 6 months than I’ve received in the previous 6 years. The huge losses in fixed income last year have forced investors to become more thoughtful about how they allocate to this asset class.

Assets 98
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Charitable Giving With Non-Charitable Trusts

Wealth Management

Thursday, April 20, 2023 | 1:00 PM ET

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Ways to use gifts to say thank you — and drive referrals 

Million Dollar Round Table (MDRT)

By Tristan Karl Robert Hartey If someone sends us a referral, we always send a thank-you card or something along those lines. Our clients don’t necessarily know about the referral program, so if they refer someone who becomes a client, that’s when we ask, “Which one of these things would you like?” So it’s an added bonus because they say, “Oh, I wasn’t expecting to get anything.” Of course all gifts are subject to compliance approval.

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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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Jim Cramer ETFs Arrive to Bet On, Against Mad Money Host’s Picks

Wealth Management

A pair of new products is launching Thursday that will help US investors bet either on or against the stock picks of the host of CNBC’s Mad Money show.

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Why Insurance Carriers Should Leverage Data & Tech to Enhance the Consumer Experience

NAIFA Advisor Today

Insurance and financial advisors need to be aware that carriers are investing in wellness apps and reward programs to help engage policyholders. This can be leveraged as an added value when an advisor is quoting a carrier’s life insurance product. One of the most challenging issues in insurance is the transient nature of carriers’ relationships with policyholders.

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Anti-ESG Bill Passes Senate as Biden Threatens First Veto

Wealth Management

Congress is not expected to have enough votes to override President Joe Biden's veto.

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Chalk Talk: Cash Flow Planning

MainStreet Financial Planning

“MainStreet Chalk Talk” The MainStreet Financial Planning Discussion Club When: Tuesday 3-21-23 at 7:30pm Eastern; 4:30pm Pacific ~30-45 minutes Recorded and able to retrieve for one week How : Zoom Meeting, Free to ongoing clients; $10 for guests Register here! How Parents Can Help Their Children Select the Best-fit College, Major, and Career Hosted by: Vida Jatulis , CFP ® Guest commentator: Caroleen Verly of Untangle Your Money Have you tried to improve your cash flow, but you have hit roadbl

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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.