Calculated Risk
FEBRUARY 13, 2023
Altos reports inventory was down 3.0% week-over-week. Usually inventory bottoms in early February, so we'd expect inventory to bottom seasonally soon. Here are the same week inventory changes for the last five years: 2023: -13.6K 2022: -6.5K 2021: -12.0K 2020: -9.7K 2019: -4.1K Click on graph for larger image. This inventory graph is courtesy of Altos Research.
The Big Picture
FEBRUARY 13, 2023
My back-to-work morning train WFH reads: • How State Street Has Used AI to Find ‘Hidden Gems’ Since 2018 : Natural-language processing used in stock picking: Bartolini Wanted something forward-looking, dynamic, he says of the ETF. ( Bloomberg ) • What Recession? Some Economists See Chances of a Growth Rebound. The Federal Reserve has raised rates rapidly.
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Wealth Management
FEBRUARY 13, 2023
The contributions from members of this group resulted in something new and impactful, good or bad, and they are still active in the same or similar role where they continue to have the opportunity to affect the industry.
Nerd's Eye View
FEBRUARY 13, 2023
While it can be easy for financial advisors to recognize the wide range of ways they add value for clients throughout the year, clients themselves might not be aware of what their advisors do for them behind the scenes outside of their annual meetings (e.g., rebalancing their investment accounts or reviewing their insurance policies). Without knowledge of this ‘shadow work’, clients might not recognize the full breadth of responsibilities their advisor (and the firm’s back-offi
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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
Wealth Management
FEBRUARY 13, 2023
Real estate donors to New York Governor Kathy Hochul’s campaign could benefit from new housing tax breaks, reports the New York Post. GlobeSt.com predicts more concessions for apartment renters are coming. These are among today’s must reads from around the commercial real estate industry.
Abnormal Returns
FEBRUARY 13, 2023
Podcasts Daniel Crosby talks with Tom Howard about behavioral finance vs. behavioral investing. (standarddeviationspod.com) Peter Lazaroff talks with Dasarte Yarnway about the importance of diversity in financial services and how to increase it. (peterlazaroff.com) Michael Kitces and Carl Richards on why you need to be clear, upfront about your minimums.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
FEBRUARY 13, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Tuesday: • At 6:00 AM ET, NFIB Small Business Optimism Index for January. • At 8:30 AM, The Consumer Price Index for January from the BLS. The consensus is for 0.5% increase in CPI, and a 0.4% increase in core CPI. The consensus is for CPI to be up 6.2% year-over-year and core CPI to be up 5.5% YoY.
Wealth Management
FEBRUARY 13, 2023
After all, 300 years of investing advice has basically given the same guidance.
Abnormal Returns
FEBRUARY 13, 2023
Strategy Jumping from investment strategy to strategy is a recipe for disaster. (awealthofcommonsense.com) Why there's never a shortage of market forecasters. (marknewfield.substack.com) Good investment strategy is timeless. (washingtonpost.com) Companies Businesses are not planning to slow their tech spending any time soon. (nytimes.com) Amazon ($AMZN) CEO Andy Jassy has no shortage of issues to deal with.
Wealth Management
FEBRUARY 13, 2023
When children will never be in the equation, it requires advisors to solve for different variables.
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.
Calculated Risk
FEBRUARY 13, 2023
Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in January A brief excerpt: This is the second look at local markets in January. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.
Wealth Management
FEBRUARY 13, 2023
The finance community quickly decamped to friendly climates during the pandemic helping create what’s now known as Wall Street South.
Advisor Perspectives
FEBRUARY 13, 2023
It’s common for a mutual fund to outperform its benchmark over a short time horizon – a few years – as happened with Cathie Wood’s ARKK. But new research shows that mutual funds fail dismally when performance is measured over the long horizons that retirement-focused investors face.
Wealth Management
FEBRUARY 13, 2023
Disruption to the broader real estate investment sales market has taken its toll on the DST sector.
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.
A Wealth of Common Sense
FEBRUARY 13, 2023
Today’s Talk Your Book is presented by Fidelity Digital Assets: On today’s show, we are joined by Jack Neureuter, Research Analyst at Fidelity Digital Assets to discuss crypto in 2022 and what to look ahead for in 2023. On today’s show, we discuss: A sentiment check in Crypto How Bitcoin miners work 2022 headwinds for Bitcoin Value propositions of Bitcoin Transaction volume in Crypto Cyclicality within digital.
Wealth Management
FEBRUARY 13, 2023
With the recent passing of Queen Elizabeth II, it’s an opportune time to ask: What can planners learn from such an impossibly rigid, yet simultaneously extremely transparent ‘plan’?
Alpha Architect
FEBRUARY 13, 2023
The verdict is still out on the impact of legislation regarding firm disclosure rules on the gender pay gap (GPG). Results from recently published research are mixed. Do Gender Pay-Gap Disclosures Make a Difference? was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Wealth Management
FEBRUARY 13, 2023
About a dozen U.S. states are looking at legislation that would forbid the sale of real estate to Chinese citizens or companies, according to GlobeSt.com. Real estate donor to New York Governor Kathy Hochul’s campaign could benefit from new housing tax breaks, reports the New York Post. These are among today’s must reads from around the commercial real estate industry.
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.
Advisor Perspectives
FEBRUARY 13, 2023
Chinese-based technology sits behind some of the world’s most powerful companies – Baidu, Alibaba, WeChat, and Tencent, the subject of a new book. That has created immense wealth for a few bold entrepreneurs, but new policies by the Chinese government aim to reduce that wealth inequality.
Wealth Management
FEBRUARY 13, 2023
Sam Zell’s Equity Commonwealth is on the hunt for deals, but not focusing on distress, reports The Real Deal. Propmodo breaks down the growing legal problems for RealPage. These are among today’s must reads from around the commercial real estate industry.
Your Richest Life
FEBRUARY 13, 2023
What’s your money personality? If you’ve never heard of it before, Money Habitudes is a game-like assessment that helps people understand their approach to money, and how they can work with others. Everyone has a money style that impacts how they view, spend and save money. Understanding why you and your partner use money differently can cut down on financial fights and misunderstandings, which can be a major point of contention in many relationships.
Wealth Management
FEBRUARY 13, 2023
Hiring and retention are no longer just about how you pay people; it’s about the entire work experience you deliver.
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Getting Your Financial Ducks In A Row
FEBRUARY 13, 2023
Photo credit: jb In a previous article we talked about the Social Security Family Maximum Benefit for a retired worker – and we mentioned that there was a separate calculation for the Social Security Family Maximum Benefit for a disabled worker. This calculation is much simpler than the retired worker calculation for Family Maximum Benefits. Nonetheless, hang on to your hat, keep your arms and legs inside the car at all times, cuz this may still get a little outtahand: The family maximum f
Wealth Management
FEBRUARY 13, 2023
The register is a major policy shift, requiring overseas companies to declare beneficial owners or face potential prosecution.
Advisor Perspectives
FEBRUARY 13, 2023
Some growth companies could very well outperform the broader market indices, even in a recessionary period.
Wealth Management
FEBRUARY 13, 2023
The first step in formulating an exit plan isn’t focusing on “the numbers,” but rather evaluating where a client actually is in relationship to their expectations.
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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?
MarketWatch
FEBRUARY 13, 2023
Shares of Twilio Inc. TWLO rallied 2.8% in morning trading Monday, after the communications software company disclosed that it will lay off 17% of its employees as part of a plan to cut costs, streamline its business and become more efficient. Based on 7,867 employees as of the end of 2021, according to the company’s latest annual report, that would imply more than 1,300 employees will be laid off.
Wealth Management
FEBRUARY 13, 2023
Prime Group Holdings’ latest self-storage fund reach its hard cap of $2.5 billion.
MarketWatch
FEBRUARY 13, 2023
The U.S.-listed shares of Vodafone Group PLC VODUK:VOD climbed 2.4% in midday trading Monday, after media company Liberty Global PLC LBTYALBTYK said it has acquired a 4.9% stake in the U.K.-based telecommunication services company. Liberty said the purchase of the 1.335 billion shares of Vodafone was funding through a financing that required equity funding of about GBP225 million ($272.8 million).
Wealth Management
FEBRUARY 13, 2023
A slight adjustment in the account opening process can save advisors and clients time and avoid NIGO reports.
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