Thu.Jun 29, 2023

article thumbnail

Realtor.com Reports Weekly Active Inventory Down Slightly YoY; New Listings Down 29% YoY

Calculated Risk

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from economist Danielle Hale: Weekly Housing Trends View — Data Week Ending June 24, 2023 • Active inventory growth stalled completely, with for-sale homes lagging behind year ago levels for the first time in 59 weeks. As mortgage rates surged in 2022, buyers saw costs soar, and a large number of shoppers reoriented their housing plans.

Numbers 336
article thumbnail

Are You Smarter Than a College Financial Planning Student?

Wealth Management

This quiz is based on actual questions from The Financial Planning Challenge.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Weekly Initial Unemployment Claims Decrease to 239,000

Calculated Risk

The DOL reported : In the week ending June 24, the advance figure for seasonally adjusted initial claims was 239,000 , a decrease of 26,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 264,000 to 265,000. The 4-week moving average was 257,500, an increase of 1,500 from the previous week's revised average.

324
324
article thumbnail

Seven Simple Standard Operating Procedures for Financial Advisors

Wealth Management

Checklists serve as a great starting point for systematizing your business.

article thumbnail

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

article thumbnail

NAR: Pending Home Sales Down 2.7% in May; Down 22.2% Year-over-year

Calculated Risk

From the NAR: Pending Home Sales Shrunk 2.7% in May Pending home sales shrunk 2.7% in May from the previous month , according to the National Association of REALTORS®. Three U.S. regions posted monthly losses, while sales in the Northeast surged. All four regions saw year-over-year declines in transactions. “Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” said NAR Chief Economist Lawrence Yun, “The lack of housing inv

Sales 320
article thumbnail

Net Lease Drugstores Provide Hidden Insights on Broader Real Estate Market Trends

Wealth Management

Trends indicate that there is still demand for quality assets and much of the cap rate increases we’re seeing are being inflated by inferior assets.

Assets 290

More Trending

article thumbnail

11 Must Reads for Real Estate Investors to End the Week (June 30, 2023)

Wealth Management

Invitation Homes is reportedly near a deal to buy 2,000 single-family rental homes from Starwood Rentals. The Commercial Observer profiled economist Sam Chandan. These are among the must reads from around the real estate investment world heading into the weekend.

Investing 289
article thumbnail

Thursday links: doubling down on mistakes

Abnormal Returns

Companies Overstock.com is going all-in on the Bed Bath & Beyond name. (theinformation.com) Downtown retail has more than just a crime problem. (bloomberg.com) AI Why AI is worthy of the 'mega-trend' title. (institutionalinvestor.com) AI is going to have a mixed effect on Google ($GOOGL). (barrons.com) Where is the new wave of customer-focused AI companies?

article thumbnail

Mindy Diamond on Independence: Marketing Tips for Advisors from Megan Carpenter

Wealth Management

FiComm's Megan Carpenter shares advice on what it takes to impact organic growth via marketing.

Marketing 264
article thumbnail

Kitces & Carl Ep 115: Setting The Right Minimum Fee Per Client And The Revenue Model Generator

Nerd's Eye View

For most financial advisory firm owners, ensuring that their business or practice is remunerative and that it can remain viable is often a key priority. And while there are many factors that help owners determine whether their firm is making enough money to profitably sustain itself, one common variable that can help them adjust their net revenue is the fee they charge to clients for financial planning services.

Clients 244
article thumbnail

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.

article thumbnail

Avoiding Costly M&A Mistakes While Driving Inorganic Growth

Wealth Management

A trial-and-error approach to financial advisor acquisitions raises greater risks than ever.

article thumbnail

Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Home Depot, Wynn, JPMorgan & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

141
141
article thumbnail

Fidelity Plans to Convert $13 Billion of Its Mutual Funds Into ETFs

Wealth Management

Fidelity will turn the six actively managed mutual funds into ETFs in Novembe

Planning 262
article thumbnail

Hotels: Occupancy Rate Down 1.0% Year-over-year

Calculated Risk

From STR: STR: U.S. hotel results for week ending 24 June U.S. hotel performance remained mostly flat from the previous week, and year-over-year comparisons remained mixed, according to STR‘s latest data through 24 June. 18-24 June 2023 (percentage change from comparable week in 2022): • Occupancy: 71.4% (-1.0%) • Average daily rate (ADR): US$159.00 (+0.9%) • Revenue per available room (RevPAR): US$113.58 (-0.1%) emphasis added The following graph shows the seasonal pattern for the hotel occupan

130
130
article thumbnail

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.

article thumbnail

SEC Report on Forced Arbitration Clauses Finds RIA Clients at Disadvantage

Wealth Management

Commissioned by the U.S. House Committee on Appropriations, the study confirms views that mandatory arbitration agreements imposed by fiduciary-bound RIAs can unfairly limit clients' ability to seek legal remedies from wrongful actors.

Clients 253
article thumbnail

Friday: Personal Income & Outlays

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Personal Income and Outlays, May 2023. The consensus is for a 0.4% increase in personal income, and for a 0.2% increase in personal spending. And for the Core PCE price index to increase 0.4%. PCE prices are expected to be up 3.8% YoY, and core PCE prices up 4.7% YoY. • At 9:45 AM, Chicago Purchasing Managers Index for June. • At 10:00 AM, University of Michigan's Consumer sentiment index

article thumbnail

WealthStack Roundup: Salesforce Launches Generative AI Platform

Wealth Management

Also, Wealthtender launches its Certified Consultant Program, eMoney Advisor integrates with MaxMyInterest, an exec moves from Nitrogen to Docupace and AcreTrader news.

article thumbnail

10 Thursday AM Reads

The Big Picture

My morning train WFH reads: • Gold Is No Longer a Good Hedge Against Bad Times : The precious metal has become just another cyclical asset, no longer a useful harbinger of social and economic collapse. ( Bloomberg ) • AI’s Winners, Losers and Wannabes : An NVIDIA Valuation, with the AI Boost! ( Musings on Markets ) • For Trend-Setting Family Offices—and Those Following Their Lead—Timing Is Key : Investors are sensing a regime shift in the market but capturing it will take careful planning.

article thumbnail

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.

article thumbnail

WealthStack Roundup: Salesforce Launches Personalized Financial Engagement With Gen AI Capabilities

Wealth Management

Also, Wealthtender launches its Certified Consultant Program, eMoney Advisor integrates with MaxMyInterest, an exec moves from Nitrogen to Docupace and AcreTrader news.

article thumbnail

Understanding the Modern Monetary System – Updated!

Pragmatic Capitalism

It’s been over 10 years since I published Understanding the Modern Monetary System, one of the most widely read papers in the SSRN research database.

124
124
article thumbnail

Fidelity Joins Spot-Bitcoin ETF Race With Fresh SEC Filing

Wealth Management

There have been about 30 tries for a spot-Bitcoin product, including more than half dozen so far this year.

130
130
article thumbnail

Q1 GDP Third Estimate: Real GDP at 2.0%, Stronger Than Expected

Advisor Perspectives

Real gross domestic product increased at an annual rate of 2.0% in Q1 2023, according to the third estimate. This is slower than the Q4 2022 GDP third estimate of 2.6% growth but faster than the initial estimate of 1.1% growth and the second estimate of 1.3% growth.

118
118
article thumbnail

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.

article thumbnail

The Great US Treasury Bond Rout Is Far From Over

Wealth Management

Rising yields and falling prices will wreak more havoc — and perhaps refocus attention on the government’s troubling fiscal trajectory.

130
130
article thumbnail

Corporate Bonds vs. U.S. Treasuries

A Wealth of Common Sense

A reader asks: What’s the incentive here to buy AAA Corporate debt vs. just buying U.S. T-bills that are yielding slightly higher and are risk-free? Is this normal? I have good data from the Federal Reserve on AAA-rated corporate bond yields and 3-month T-bill yields going back to 1934. No, it is not normal for T-bills to yield more than corporate bonds: Out of the nearly 1,100 months in this data, T-bill yields we.

101
101
article thumbnail

: Fidelity files new spot bitcoin ETF application, following BlackRock, Invesco

MarketWatch

Fidelity Digital Assets has filed an application for a spot bitcoin exchange traded fund, after its previous filing was rejected by the U.S. Securities and Exchange Commission in 2022. Fidelity’s latest move follows similar filings by BlackRock, Invesco, Wisdom Tree, Valkyrie, and Bitwise. The SEC approved several bitcoin futures-based ETFs in the past, but has yet to greenlight anything that is backed by bitcoin itself.

article thumbnail

5 Facts You Should Know About Social Security Retirement Benefits

MainStreet Financial Planning

Social Security can be a confusing topic and everyone’s social security strategy is specific to their circumstances, life expectancy, financial situation, etc. The decision you make about when to file will impact the rest of your life and can make a difference worth thousands of dollars over your lifetime. Here are a few helpful facts, tips, and resources that can help you better understand Social Security benefits.

article thumbnail

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?

article thumbnail

How to Live Retirement to the Fullest

Integrity Financial Planning

It’s pretty easy to have a great time in retirement. You’re not working. You can focus on family and friends and do what you want. But you might find that without a plan, you feel a little aimless. If you’re looking to get the most out of retirement, what should you do? What strategies should you be using? Have an active social life When you’re working, it can be easy to just put your head down and focus on the maintenance of everyday life.

article thumbnail

: WHO poised to declare aspartame ‘possibly carcinogenic to humans,’ Reuters reports

MarketWatch

The World Health Organization’s cancer research arm is poised to declare the artificial sweetener aspartame as “possibly carcinogenic to humans” as early as next month, Reuters reported, citing two sources with knowledge of the matter. Aspartame is used in products ranging from diet Coca-Cola to Mars’ Extra chewing gum and certain Snapple drinks. The move will be the first by the International Agency for Research on Cancer, or IARC, the news agency reported.

article thumbnail

An Inside Look at the Q1 2023 GDP Third Estimate

Advisor Perspectives

Real gross domestic product (GDP) is comprised of four major subcomponents. In the Q1 GDP third estimate, three out of the four components made positive contributions and one component made negative contributions.

59
article thumbnail

: Mullen Automotive records revenue for the 1st time with sale of 22 EV cargo vans

MarketWatch

Shares of Mullen Automotive Inc. MULN slipped 0.2% toward another record low in premarket trading Thursday, even after the electric-vehicle maker announced its first revenue recorded with the sale of 22 EV cargo vans. The company said the sale to Randy Automotive Group generated $308,000 in revenue, which will be recorded in company’s fiscal third-quarter, which ends June 30.

Sales 76
article thumbnail

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.