Thu.Mar 02, 2023

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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 312
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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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10 Thursday AM Reads

The Big Picture

My morning train WFH reads: • All the recessions that didn’t happen. The future doesn’t always cooperate with the present because whatever is going to happen hasn’t happened yet. So forecasters are frequently wrong. They’ll never stop forecasting, but their recent track record should make you skeptical every time you hear somebody predicting a recession. ( Yahoo Finance ) • World’s Rich Take Advantage as $1 Trillion Property Market Craters : Wealthy investors were the most active buyers of comme

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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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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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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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More Trending

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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 145
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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 109
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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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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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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

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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 114
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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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"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 109
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Eight Must Reads for CRE Investors Today (March 3, 2023)

Wealth Management

Multifamily Dive checks in on capital markets conditions in the build-to-rent sector. Movie theaters aren’t dying, but adjusting to a new environment, according to CNBC. These are among today’s must reads from around the commercial real estate industry.

Marketing 108
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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor

During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.

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Thinking About Retiring Early? 8 Things to Consider First

Carson Wealth

Tom Fridrich, JD, CLU, ChFC ® , Senior Wealth Planner We’ve all asked ourselves whether it’s too early to retire (usually after a particularly challenging commute or dealing with a difficult client). You may have even gone so far as to take a sneak peek at your account statements and thought, surely you have enough to live comfortably if you retire early.

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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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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 132
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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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Transforming Lending: Understanding the Power of Digital Platforms

Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.

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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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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 81
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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 107
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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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Quick Start Guide to a Crystal Clear Close

Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

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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 107
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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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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 103
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: Silvergate shares plummet 46%, as Coinbase stops payment transactions with the crypto-friendly lender

MarketWatch

Silvergate Capital Corp. SI shares plunged more than 46% in premarket trading Thursday, as crypto exchange Coinbase COIN said it would stop sending payments to, or receiving payments from the lender. Coinbase made the move “in light of recent developments & out of an abundance of caution,” and it will facilitate institutional client cash transactions with its other banking partners, the company tweeted Thursday.

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The Blueprint for a Customer-Centric Digital Lending Experience

Creating a winning digital lending experience requires plenty of focus on the needs of customers and more. Biz2X Chief Product Officer Aaron Traub covers everything from how to create such an experience, areas to hone in on, pitfalls to avoid, and plenty more in this insightful article. Discover how to utilize new technology without alienating existing customers, what to emphasize when working on your platform, and how to utilize the data at your disposal while not becoming overly reliant on it.

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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 109
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: Zoom fires its president after less than 9 months in the role

MarketWatch

Zoom Video Communications Inc. ZM disclosed in a Thursday filing with the Securities and Exchange Commission that it has fired Greg Tomb, who served as the company’s president. The “termination without cause” is effective Friday. Tomb only joined Zoom back in June, at which time he was announced as overseeing “go-to-market strategy, revenue efforts, and office of the Global CIO.

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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.

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