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The Federal Reserve released the Q2 2022 Flow of Funds report today: Financial Accounts of the United States. The net worth of households and nonprofits fell to $143.8 trillion during the second quarter of 2022. The value of directly and indirectly held corporate equities decreased $7.7 trillion and the value of real estate increased $1.4 trillion. Household debt increased 7.4 percent at an annual rate in the second quarter of 2022.
The DOL reported : In the week ending September 3, the advance figure for seasonally adjusted initial claims was 222,000 , a decrease of 6,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 232,000 to 228,000. The 4-week moving average was 233,000, a decrease of 7,500 from the previous week's revised average.
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
The FDIC released the Quarterly Banking Profile for Q2 2022 this morning: Quarterly net income totaled $64.4 billion in second quarter 2022 , a reduction of $6.0 billion (8.5 percent) from the same quarter a year ago. Loans and leases that are 30-89 days past due (past-due loan balances) increased from the year-ago quarter (up $11.4 billion, or 25.0 percent).
From Manheim Consulting today: Wholesale Used-Vehicle Prices Decline Substantially in August Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 4.0% in August from July. The Manheim Used Vehicle Value Index declined to 210.8 but is up 8.4% from a year ago. The non-adjusted price change in August was a decline of 2.6% compared to July, leaving the unadjusted average price up 5.9% year over year. emphasis added Click on graph for larger image.
From Manheim Consulting today: Wholesale Used-Vehicle Prices Decline Substantially in August Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 4.0% in August from July. The Manheim Used Vehicle Value Index declined to 210.8 but is up 8.4% from a year ago. The non-adjusted price change in August was a decline of 2.6% compared to July, leaving the unadjusted average price up 5.9% year over year. emphasis added Click on graph for larger image.
Introduced at the 1966 Turin Motor Show, the Ghibli was styled by Giorgetto Giugiaro with Carrozzeria Ghia. Dual air vents in its hood, chrome fender vent spears, and what looks like the longest bonnet ever made created a unique design for this Maserati V8 grand tourer. American magazine Sports Car International named it number 9 on its list of Top Sports Cars of the 1960s.
Keeping an inventory, categorizing and managing clients' art will help to minimize taxes and prevent their beneficiaries from being taken advantage of.
From Dodge Data Analytics: Dodge Momentum Index Dips in August The Dodge Momentum Index (DMI) ticked down by 1.2% in August to 171.9 from the revised July figure of 174.0. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning, shown to lead construction spending for nonresidential buildings by a full year.
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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Mary Ann Bartels spent more than two decades at Merrill Lynch, where she created research that advisors and clients used to make investment and portfolio decisions.
Business Patrick O'Shaughnessy talks with Jay Goldberg about the rise of AMD ($AMD). (joincolossus.com) Benjamin Gilbert and David Rosenthal talk about the history of Amazon Web Services. (acquired.fm) Ali Griswold talks with Eliot Brown, co-author of "The Cult of We: WeWork and the Great Startup Delusion." (oversharing.substack.com) Tom Dotan and Eric Newcomer talk with Mark Bergen author of "Like, Comment, Subscribe: Inside YouTube’s Chaotic Rise to World Domination.
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Industry legend Rudy Adolf describes how the idea of Focus Financial Partners came to be, filling a gap in how independent financial advisors accessed capital, resources and monetized their life’s work, plus the firm’s journey as a public company, their growth, how they are further evolving and more.
Last day before travel. The beach is prepped, stages are going up, the food trucks are ready. All of the prep calls with the panels are done, and we will soon be traveling to California for what looks top be an absolutely groundbreaking, amazing event. Going through my checklist: Prep panels and interviews (?), haircut (?). All that’s is left to pack.
Here’s a new 3 Minute Money. In this video I discuss the implications of the surging US Dollar: Why is the USD surging despite rising inflation? What does this signal [ … ].
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.
Climate change might worsen supply chain issues in the future, warns The New York Times. The Real Deal takes a close look at Prologis CEO Hamid Moghadam. These are among today’s must reads from around the commercial real estate industry.
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Brian Belski, and Downtown Josh Brown discuss the earnings outlook, multiple compression, the labor market, odds of a recession, the next rate hike, permabears, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!
It’s always easier to come up with a list of things that can go wrong than a list of things that can go right. That’s especially the case today. It seems like everyone is bearish due to a combination of inflation, rising rates, the fed trying to slow demand, falling stocks, and housing rolling over. But a lot of the economic data doesn’t seem to be cooperating with the bearish narrative.
A reader asks: We are used to seeing financial planning advice based on a constant savings rate over long periods of time, but I am trying to reconcile this with the realities of life. For context, we are a married couple in our mid-30s who strive for a savings rate of 30% of gross income. Prior to becoming parents and purchasing a home (age 30-35), we were living significantly below our means and had a savings rate of 40.
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.
An equal-weighted portfolio of Best Brands (BBs) in the U.S. earns an excess return of 25 to 35 bps per month during the period 2000-2020. This result is remarkably robust across various factor models and therefore is not driven by exposure to common (risk) factors. The excess returns of the BB portfolio are not due to firm characteristics, industry composition, or small-cap stocks.
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By Michael DePilla, MDRT in-language content strategist To streamline your sales cycle, try these ideas from MDRT members around the world. A compelling future. Go away from the old sales techniques and embrace the future of our industry by using lifetime cash flow forecasting, life planning and discretionary investment management to create a more compelling future for your clients.
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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.
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