Fri.Jun 23, 2023

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Black Knight: "Past-Due Mortgages Approach Recent Record Lows" in May

Calculated Risk

From Black Knight: Black Knight: Past-Due Mortgages Approach Recent Record Lows as Serious Delinquencies Continue Improvement; Prepayments See Seasonal Rise • Reversing much of April’s calendar-driven spike, the national delinquency rate fell 11 basis points (bps) in May to hit 3.10% – the lowest it’s been other than March 2023’s record of 2.92% • The number of borrowers a single payment past due improved by 94K (-9.5%), erasing nearly half of the prior month’s increase • Serious delinquencies (

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Family Offices Are Investing in Innovation and the Next Generation

Wealth Management

By 2045, millennials and Gen X are projected to control 80% of all private wealth.

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10 Friday AM Reads

The Big Picture

My end-of-week morning train WFH reads: • What Was Nate Silver’s Data Revolution? Silver, a former professional poker player, was in the business of measuring probabilities. Many readers mistook him for an oracle. ( New Yorker ) • Boaz versus BlackRock: the fight over closed-end funds : Saba founder says he never planned to be an activist investor.

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Fidelity 'Crypto for Wealth Managers' Coming Within Months, Company Confirms

Wealth Management

Digital asset custody and trading services from Fidelity Digital Assets will be accessible within Wealthscape.

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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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Weekend Reading For Financial Planners (June 24-25)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week’s edition kicks off with the news that amid a flurry of SEC-proposed rules for investment advisers, the Investment Adviser Association this week called on the regulator to assess whether the compliance burden these regulations would put on advisers outweighs the potential benefits and, if adopted, to consider rolling them out on a staggered basis to give advisers sufficient time to implement them.

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RIA Roundup: Geller Opens South Florida Office, Unveils New Brand

Wealth Management

Geller moved into West Palm Beach, Waverly Advisors moved into Austin and NewEdge Wealth moved into the Bay Area this week, as more than $10 billion in assets was transacted.

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More Trending

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LPL OSJ Gateway Financial Partners Introduces Equity Participation Program

Wealth Management

Under the Gateway Growth Partnership, the OSJ will take a 15%-20% revenue stake in the advisor’s practice, in exchange for cash and equity in the firm's holding company.

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Friday links: problematic nostalgia

Abnormal Returns

Finance Have investors been fooled by the risk profile of private debt? (washingtonpost.com) Stock-based compensation only continues to grow. (ft.com) Housing Need a break on apartment rent? Just give it a minute. (bloomberg.com) Housing inventory is set to go negative year-over-year. (calculatedriskblog.com) Restaurants AI drive thru assistants may be good for business, but not for users.

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Philly Fed: State Coincident Indexes Increased in all 50 States in May (3-Month Basis)

Calculated Risk

From the Philly Fed : The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for May 2023. Over the past three months, the indexes increased in all 50 states, for a three-month diffusion index of 100. Additionally, in the past month, the indexes increased in 47 states, decreased in one state, and remained stable in two, for a one-month diffusion index of 92.

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Relative Strength

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Mark Newton, and Downtown Josh Brown discuss market sentiment, buying the dip, the DeMARK Indicator, fundamental vs technical analysis, industrials, commodities, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

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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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The WealthStack Podcast: Building Protective Investment Solutions with Joanna Kanakis

Wealth Management

Halo Investing's Joanna Kanakis describes how technology is powering better investment outcomes for clients.

Investing 147
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Q2 GDP Tracking: Around 1.5%

Calculated Risk

From BofA: Overall, data since our last weekly publication moved up our 2Q GDP tracking estimate from 1.3% q/q saar to 1.4% and our 1Q GDP tracking remained at 1.8% q/q saar. [June 23rd estimate] emphasis added From Goldman: [W]e left our Q2 GDP tracking estimate unchanged at +1.8% (qoq ar). [June 22nd estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2023 is 1.9 percent on June 20, up from 1.8 perc

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SUPD: Inflation & The Fed

The Big Picture

Pete & I discuss Inflation, the Fed, and even get into Swiss Banking Secrecy laws. Its a fun romp through current news items and related topics. SUPD 868 Barry Ritholtz on Inflation, The Fed, Bank Rules work and Golf doesn’t The post SUPD: Inflation & The Fed appeared first on The Big Picture.

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How Americans Save, Spend & Invest

A Wealth of Common Sense

There are three things you can generally do with your money: you can spend it, you can save it or you can invest it. As Americans, we LOVE to spend it. It’s likely one of our greatest collective talents and it’s a big reason the consumer makes up something like 70% of the economy. The crazy thing is, the pandemic made us all want to spend even more money.

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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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What Can I Sell To Make Money From Home? 39 Ideas!

Clever Girl Finance

If you’re wondering, “What can I sell to make money from home?” we’ve got you! No matter what items you have, we can help you sell them. With these ideas, you can generate extra cash right from the comfort of your own home. Below are 39 ideas! Table of contents What can I sell to make money from home easily? 39 great ideas Expert tip What to do with the money you earn What can I sell to get $1,000 dollars?

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Intangible Value: Modernizing the Factor Portfolio

Alpha Architect

The “Intangible Value Factor” (IHML) can play an additive role in factor portfolios alongside the established market, size, value, quality, and momentum factors. This Six-Factor Model avoids the problematic “anti-innovation” bias of traditional factor portfolios and can be easily implemented using ETFs. Intangible Value: Modernizing the Factor Portfolio was originally published at Alpha Architect.

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Amazon Is Spending $100 Million to Teach Cloud Customers About AI

Advisor Perspectives

Amazon.com Inc.’s cloud unit is building a program to help customers develop and deploy new kinds of artificial intelligence products as the biggest seller of cloud services tries to match Microsoft and Google in the market for so-called generative AI.

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Final Look at Local Housing Markets in May

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in May A brief excerpt: Each month I track closed sales, new listings and active inventory in a sample of local markets around the country (over 40 local housing markets) in the US to get an early sense of changes in the housing market. In addition, we can look for regional differences.

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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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Unveiling the Features and Benefits of ABLE Accounts for Individuals with Disabilities

MainStreet Financial Planning

There are a few specialized financial tools for individuals with disabilities. ABLE (Achieving a Better Life Experience) accounts are one of those options. ABLE accounts are specialized savings accounts designed to help individuals with disabilities and their families save and invest money for disability-related expenses. ABLE accounts were created with the passage of the ABLE Act in 2014 and are intended to provide individuals with disabilities a way to save funds without jeopardizing their eli

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Best Dividend Stocks Under Rs 100 in 2023 For Steady Income

Trade Brains

Best Dividend Stocks Under Rs 100 : With the economy being what it is today, the value of currencies isn’t the same as it used to be. This makes getting your money’s worth for any purchase or investment, that much more difficult. Fortunately, we have come up with something creative for the dividend investor in you. Dividend stocks are assets that satisfy investors by regularly rewarding them with dividends.

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Jeremy Siegel – The Market is Not in a Bubble

Advisor Perspectives

Amid fears of a recession, the S&P 500 is up more than 14% this year, and AI stocks have risen many times more than that. But the market is not in a bubble, according to Jeremy Siegel.

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: GSK shares surge after reaching settlement on Zantac ahead of California trial

MarketWatch

GSK UK:GSK shares surged 6% in London action as the U.K. pharmaceutical said it reached a settlement over its Zantac heartburn medication litigation with a plaintiff in California ahead of the trial slated to start July 24 in state court. Other companies impacted by Zantac litigation fears, Haleon UK:HLN and Sanofi FR:SAN, also advanced though not by as much.

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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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28 Fun Challenges To Do At Home Instead Of Going Out

Clever Girl Finance

Going out to watch a movie, see a sports game, and attend a concert can be a fun way to spend your time, but it can also get pretty costly. But you don’t have to spend a ton of money to have a good time! There are tons of fun challenges to do at home to beat the boredom. Table of contents 28 Fun challenges to do at home 1. Accent and impressions challenge 2.

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’80s Summer Activities: Fun Never Goes Out of Style

Integrity Financial Planning

The 1980s were a magical time when children enjoyed simple yet exciting activities that fostered creativity, exploration, and social interaction. Nowadays, many kids are glued to their screens, missing out on the fun of traditional outdoor play. So, let’s take a trip down memory lane and rediscover some of the most entertaining ’80s summer activities that can still be enjoyed today.

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: FDA issues guidance on psychedelic drug clinical trials

MarketWatch

The U.S. Food and Drug Administration on Friday issued its first draft guidance on psychedelic drug clinical trials, outlining considerations for companies investigating the drugs’ potential to treat psychiatric and substance-use disorders and other medical conditions. Psychedelics are increasingly drawing attention from researchers, biotech companies and investors interested in their potential to help address the U.S. mental-health crisis.

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Should I Quit My Job? How To Know And What To Consider

Clever Girl Finance

Have you been asking yourself lately, “Should I quit my job?” Well, quitting a job is a decision that shouldn’t be taken lightly, but that doesn’t mean it’s out of the question. Rather, it’s important to have all the facts before you make a choice that affects your future so much. Table of contents 7 Signs it’s time to quit your job Things to consider when deciding, “Should I quit my job?

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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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These Are the Goods

The Irrelevant Investor

Articles What you believe to be true is influenced by how much you want it to be true. (By Morgan Housel) Hope requires imagination – and imagination requires work (By Kyla Scanlon) This is the world in thirty years if even a fraction of the startups today succeed. (By Packy McCormick) The ‘most popular prediction’ coming into 2023 was that stocks would tumble during the first half of the year before ra.

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21 Best Coupon Sites To Save A Ton Of Money

Clever Girl Finance

Coupon sites can be your secret weapon to scoring some great deals. And knowing the best coupon websites can help you save money on almost every purchase. You can enjoy quality items at a discounted price if you take advantage of coupons. No, we aren’t talking about your Grandma’s coupons from a newspaper. We are talking about coupons from the best coupon websites around!

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: Elon Musk’s SpaceX eyeing $150 billion valuation: reports

MarketWatch

Elon Musk’s SpaceX seeks to increase its valuation to $150 billion, The Wall Street Journal reported late Friday, citing people familiar with the issue. The plan is to launch a new sale of employee shares at $81 a piece, the report said. That would come after a December sale that valued the aerospace company’s shares at $77, and at the time valued the company at about $140 billion.

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How Financial Advisors Can Use YouTube To Grow Their Business in 2023

Indigo Marketing Agency

When I think about the future of marketing for financial advisors, I’m excited about two things: webinars and YouTube. Webinars are an incredible solution to get in front of your ideal prospects 24/7 online with an up-front investment of 4 to 8 hours of your time. YouTube for financial advisors is an up-and-coming way to get exposure to millions of people searching for the exact answers you’re offering.

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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.