Wed.Aug 30, 2023

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IRS Warns of Rampant Fraud Scams and Identity Theft

Wealth Management

The agency urges maintaining robust security measures to protect clients.

Clients 312
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MBA: Mortgage Applications Increased in Weekly Survey

Calculated Risk

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 25, 2023. The Market Composite Index, a measure of mortgage loan application volume, increased 2.3 percent on a seasonally adjusted basis from one week earlier.

Marketing 306
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Four Tips for Engagement Letters for Joint Representation of Romantic Partners

Wealth Management

They’re always a good idea, whether required or not.

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Inflation Adjusted House Prices 3.9% Below Peak; Price-to-rent index is 7.6% below recent peak

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 3.9% Below Peak; Price-to-rent index is 7.6% below recent peak Excerpt: It has been over 17 years since the bubble peak. In the June Case-Shiller house price index released yesterday, the seasonally adjusted National Index (SA), was reported as being 65% above the bubble peak in 2006.

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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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401(k) Real Talk Episode 74: August 30, 2023

Wealth Management

Open, honest and candid discussions about the latest news in the RPA industry.

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Personal finance links: accumulation vs. decumulation

Abnormal Returns

Podcasts Peter Lazaroff talks with Tyler Olsen about strategically paying down student debt. (peterlazaroff.com) Captain FI talks financial independence with Jonathan Clements. (captainfi.com) Frazer Rice talks longevity and aging with Phil Pearlman of the Pearl Institute. (open.spotify.com) Morgan Housel on the difference between intelligence and smarts.

More Trending

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Wednesday links: opening the vault

Abnormal Returns

Strategy Why the low interest rate era has come to an end. (ft.com) Generating alpha is more than just stock selection. (flyoverstocks.com) Who is to blame for the behavior gap? (ritholtz.com) ETFs 2023 is on track for a record number of ETF closures. (wsj.com) The SEC's logic in the Grayscale case was flawed. (ft.com) Economy The labor market is not all that tight.

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Charitable Deduction Allowed for Distributions of IRA Through Trust

Wealth Management

But was it worth the cost of getting a the private letter ruling?

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Crafting More Equitable Advisor Non-Solicit Agreements With The ACRES Agreement

Nerd's Eye View

Non-compete agreements (where a company prohibits an employee from working for competitors, at least for a certain period of time) are often used to help companies protect their investment in the employee (e.g., the time and money spent training the employee) as well as preventing the employee from taking the company's best practices to a new job at a competitor.

Clients 246
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Las Vegas July 2023: Visitor Traffic Up 1.0% YoY; Convention Traffic Down 16.8% YoY

Calculated Risk

From the Las Vegas Visitor Authority: July 2023 Las Vegas Visitor Statistics With the highest July Occupancy since before the pandemic, Las Vegas visitation surpassed 3.5M visitors, approximately 1% ahead of last July. Overall hotel occupancy reached 85.2% for the month (+1.8 pts YoY) as Weekend occupancy reaching 92.6% (+1.5 pts YoY), and Midweek occupancy reached 82.2%, surpassing last July by 3.1 pts.

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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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Goldman Drums Up IPO Renaissance Hopes in Deals-Starved Market

Wealth Management

A smattering of companies set to test the market for stock listings is igniting hopes across Wall Street

Marketing 162
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Q2 GDP Growth Revised down to 2.1% Annual Rate

Calculated Risk

From the BEA: Gross Domestic Product, Second Quarter 2023 (Second Estimate) and Corporate Profits (Preliminary) Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the second quarter of 2023 , according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.0 percent.

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Crypto’s Enemy Gensler Put on Defensive by Grayscale Ruling

Wealth Management

A pair of recent legal setbacks have Wall Street’s top cop on the defensive.

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Thursday: Unemployment Clains, Personal Income and Outlays, Chicago PMI

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 235 thousand initial claims, up from 230 thousand last week. • At 8:30 AM, Personal Income and Outlays, July 2023. The consensus is for a 0.3% increase in personal income, and for a 0.7% increase in personal spending.

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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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Clips From Today’s Closing Bell

The Reformed Broker

Final Trades: Alphabet, Transocean & more from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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NAR: Pending Home Sales Up 0.9% in July; Down 14.0% Year-over-year

Calculated Risk

From the NAR: Pending Home Sales Elevated 0.9% in July, Marking Second Consecutive Monthly Increase Pending home sales increased 0.9% in July – rising for the second consecutive month – according to the National Association of REALTORS®. The Northeast and Midwest posted monthly losses, while sales in the South and West grew. All four U.S. regions saw year-over-year declines in transactions.

Sales 145
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Williams Fractal Indicator – Meaning, Formula & Trading Strategy

Trade Brains

Williams Fractal Indicator : The price movement of the security help traders to identify opportunities in future directions with the help of technical analysis tools. Trending markets are best suited to take long or short position for better profits. Among all the indicators, one of the technical indicators to use in trending markets is the Williams Fractal indicator.

Marketing 104
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ADP: Private Employment Increased 177,000 in August

Calculated Risk

From ADP: ADP National Employment Report: Private Sector Employment Increased by 177,000 Jobs in August; Annual Pay was Up 5.9% Private sector employment increased by 177,000 jobs in August and annual pay was up 5.9 percent year-over-year, according to the August ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”).

Economy 133
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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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How To Buy A Laundromat In 7 Steps

Clever Girl Finance

A laundromat is an interesting business idea that has been around for decades. Since laundry seems to be a ubiquitous chore in most households, it could be a worthwhile opportunity to build a business around it. If you want to give this tried and true business strategy a spin, keep reading to find out how to buy a laundromat. Table of contents How to buy a laundromat Expert tip: Remember passive income takes time Is buying a laundromat a good idea?

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China: Contagion or Contained?

Advisor Perspectives

China's economy may have spillover effects on global economic and earnings growth, but it's unlikely to lead to global financial contagion and send stock markets materially lower.

Economy 98
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Episode #497: Ulrike Hoffmann-Burchardi, Tudor Investments – AI, Digital, Data & Disruptive Innovation

Meb Faber Research

Episode #497: Ulrike Hoffmann-Burchardi, Tudor Investments – AI, Digital, Data & Disruptive Innovation Guest: Ulrike Hoffmann-Burchardi is a Portfolio Manager at Tudor Investment Corporation where she oversees a global equity portfolio inside Tudor’s flagship fund focusing on Digital, Data & Disruptive Innovation. Recorded: 8/17/2023 | Run-Time: 44:23 Summary: In today’s episode, she starts by lessons learned […] The post Episode #497: Ulrike Hoffmann-Burchardi, Tudor

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The Ides of Goldman Sachs and the Fate of David Solomon

Advisor Perspectives

The New York Times, Wall Street Journal, New York Magazine and The Economist have all piled on, questioning Solomon’s performance in his day job as chief executive officer of Goldman Sachs Group Inc.

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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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NAIFA Mourns the Passing of Member William Kalmer

NAIFA Advisor Today

NAIFA is saddened to learn that member William John Kalmer of Wauwatosa, WI, passed away August 22, 2023. After graduating from Marquette University and serving as a medic in both the Army and Air Force, Kalmer began his 51-year career in the insurance and financial service industry. He was a highly successful agent for Connecticut Mutual, MassMutual, and Partners Financial.

Medical 52
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Q2 Real GDP Per Capita at 1.6% vs. Q2 Real GDP at 2.1%

Advisor Perspectives

The second estimate for Q2 GDP came in at 2.1%, an increase from 2.0% for the Q1 third estimate. With a per-capita adjustment, the headline number is lower at 1.60%, a slight increase from 1.56% for the Q1 headline number.

Numbers 69
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7 Tips For How To Negotiate Credit Card Debt

Clever Girl Finance

If you’re one of the households relying on credit cards to get through the end of the month, it might seem like you’re in an endless cycle of debt. Fortunately, even if you can’t pay off your credit cards immediately, you still have options, including learning how to negotiate credit card debt. Table of contents What happens when you don’t make your credit card debt payments?

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Q2 GDP Second Estimate: Real GDP at 2.1%, Slower Than Expected

Advisor Perspectives

Real gross domestic product increased at an annual rate of 2.1% in Q2 2023, according to the second estimate. The latest estimate is slower than the expected 2.4% growth but is a faster pace than the Q1 2023 GDP final estimate of 2.0%.

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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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Put Down the Dividends and Slowly Back Away

Validea

Investors love dividends. The idea of having money deposited into your account on a regular basis can be a very attractive one. As a result, dividend-based investment strategies have become very popular. But the reality of dividend-based strategies is often very different than what the marketing behind them would lead you to believe. In this episode, we examine the reality of dividend focused investing strategies and look at whether investors might be able to accomplish their goals more successf

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Pending Home Sales Edge Higher for Second Straight Month

Advisor Perspectives

The National Association of Realtors® (NAR) released the latest monthly data for its pending home sales index. The latest index unexpectedly edged higher to 77.6, representing a 0.9% increase from last month. This is the second straight month pending home sales have increased and is higher than the expected -0.6% decline. Pending home sales are down 14.0% compared to one year ago.

Sales 64
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A world-class internal audit function that would not comply with the IIA’s Global Internal Audit Standards (as drafted)

Norman Marks

As the CAE of multiple internal audit departments[1] that were considered world class by members of the board[2], top executives[3], consultants[4], and team members, I would deliberately not comply with the IIA’s Global Internal Audit Standards (as drafted).

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An Inside Look at the Q2 2023 GDP Second Estimate

Advisor Perspectives

Real gross domestic product (GDP) is comprised of four major subcomponents. In the Q2 GDP second estimate, three out of the four components made positive contributions and one component made negative contributions.

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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.