Wealthspire to Acquire Sage Financial Advisors
Wealth Management
NOVEMBER 30, 2022
$194M acquisition expands the NFP-owned RIA’s presence in the West.
Wed.Nov 30, 2022
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10 Wednesday AM Reads
The Big Picture
NOVEMBER 30, 2022
Last day of the 11th month! Enjoy the end of November with our mid-week morning train reads: • How Much Growth Can You Expect? Imagine I present to you a magical box that can turn your money into more money. The only problem is that you don’t know exactly how much more money you’ll get from this box. You could put $100 into the box and get back $200, $400, or maybe only $150 when all is said and done.
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Celebrity Estates Replay: David Bowie and the Financial Side of A Music Catalog
Wealth Management
NOVEMBER 30, 2022
A music catalog is a complex asset for both the buyer and the seller.
Fed Chair Powell: "The time for moderating the pace of rate increases may come as soon as the December meeting"
Calculated Risk
NOVEMBER 30, 2022
From Fed Chair Powell: Inflation and the Labor Market. Excerpts: Today I will offer a progress report on the Federal Open Market Committee's (FOMC) efforts to restore price stability to the U.S. economy for the benefit of the American people. The report must begin by acknowledging the reality that inflation remains far too high. My colleagues and I are acutely aware that high inflation is imposing significant hardship, straining budgets and shrinking what paychecks will buy.
2025 Industry Index: How Top Advisors Are Scaling Smarter (and Faster) This Year
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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
Why Financial Advisors Should Never Buy Email Lists
Wealth Management
NOVEMBER 30, 2022
It will likely result in more headaches than benefits.
Recession Playbook
The Reformed Broker
NOVEMBER 30, 2022
Let’s assume we’re going to have a recession in 2023. I don’t know if we will, but everyone seems to think so, so let’s just say. So what. What can you do to stop it? Not much. Can you change your own spending and psych yourself up to survive it? Absolutely. Are there changes you could make to a portfolio in order to gird yourself for a worsening economy?
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A Hopium Stock Market Rally on Jerome Powell's Inflation Progress Report
Mish Talk
NOVEMBER 30, 2022
Image courtesy of StockCharts.Com. The Federal Reserve posts a Transcript of Powell's Speech on Inflation and the Labor Market. Powell put a spotlight on core Personal Consumption Expenditures (PCE) inflation, noting that it is stubbornly high despite the Fed's rate hikes. Key Powell Comments (Emphasis Mine) Twelve-month core PCE inflation stands at 5.0 percent in our October estimate, approximately where it stood last December when policy tightening was in its early stages.
Warn Your Clients About the 'Grandparent Scam'
Wealth Management
NOVEMBER 30, 2022
Seniors are prime targets for scammers looking to cheat them out of their money—often to the tune of tens of thousands of dollars.
Tax Advice Restrictions For Financial Advisors: How To Offer Tax Planning And Remain In Compliance
Nerd's Eye View
NOVEMBER 30, 2022
Taxes are a central component of financial planning. Almost every financial planning issue – whether it is retirement, investments, cash flow, insurance, or estate planning – has tax considerations, and advisors provide a great deal of value in helping clients minimize their overall tax burden. And yet, despite the prominent role of taxes in financial planning, advisors are often prohibited by their compliance departments from making recommendations for a specific course of action on
IRS Sees Increase in Number of Estate Tax Returns Filed, Amount of Taxes Paid
Wealth Management
NOVEMBER 30, 2022
Data reflects effects of the COVID-19 pandemic and recent tax law changes.
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.
Fed's Beige Book: "Apartment leasing started to slow"
Calculated Risk
NOVEMBER 30, 2022
Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Boston based on information collected on or before November 23rd, 2022." Economic activity was about flat or up slightly since the previous report , down from the modest average pace of growth in the prior Beige Book period. Five Districts reported slight or modest gains in activity, and the rest experienced either no change or slight-to-modest declines.
Creator of Anti-Ark ETF Is Losing Fund in Break From New Firm
Wealth Management
NOVEMBER 30, 2022
Matthew Tuttle's ETF lineup was acquired by AXS Investments. He'll no longer serve as portfolio manager of SARK and more than two dozen other funds.
Personal finance links: what other people think
Abnormal Returns
NOVEMBER 30, 2022
Podcasts Kenny Malone and Greg Rosalsky talk with Yale economist James Choi about his paper "Popular Personal Financial Advice Versus The Professors." (npr.org) Michael Klein talks with Laura Gee at Tufts University about the state of charitable giving in the U.S. (econofact.org) Aging More Americans are living alone as they reach retirement age. (nytimes.com) Why you should talk to your parents about their money.
Real Estate Sponsor Growth Fostered by Technology and Innovation
Wealth Management
NOVEMBER 30, 2022
Innovative technology, by design, is built around people to bridge the workflow between those inside and outside sponsor firms.
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.
Inflation Adjusted House Prices 3.3% Below Peak
Calculated Risk
NOVEMBER 30, 2022
Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 3.3% Below Peak Excerpt: It has been over 16 years since the bubble peak. In the Case-Shiller release yesterday, the seasonally adjusted National Index (SA), was reported as being 62% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 12% above the bubble peak (and historically there has been an upward slope to real house prices).
High Interest Rates and a Looming Recession Weigh on Hotel Investment Deals
Wealth Management
NOVEMBER 30, 2022
Like with other property types, investment sales volume on lodging properties has taken a hit as uncertainties mount.
The Blockchain Promise is Always Around the Corner, IBM and Maersk Scrap Efforts
Mish Talk
NOVEMBER 30, 2022
Blockchain Scrapheap The Tech Monitor reports IBM and Maersk Scrap Blockchain Trade Platform TradeLens IBM and logistics company Maersk have called time on TradeLens, the blockchain-backed supply chain platform that came online for the first time in 2018, citing a “lack of global industry collaboration” for its demise. It is due to cease operations early next year, and the second IBM-backed blockchain trade platform to get the chop this year.
11 Must Reads for the CRE Industry Today (Dec. 1, 2022)
Wealth Management
NOVEMBER 30, 2022
The Wall Street Journal looks at the history of pyramid in Memphis, Tenn., that now houses a massive Bass Pro Shop. The U.S. has seen $71.9 billion in industrial property sales so far in 2022, according to CommercialEdge. These are among today’s must reads from around the commercial real estate industry.
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.
The EU is Very Worried About Biden's Inflation Reduction Act (IRA)
Mish Talk
NOVEMBER 30, 2022
Really Worried about IRA Eurointelligence writes Industry is Really Worried about IRA. Whether you talk to European industrialists in Brussels or German industrialists in Berlin, you get the same message these days. They are really worried about the US inflation reduction act. At the BDI conference in Berlin, it was the dominant subject. FAZ quotes the president of the German federation of industry as saying that more than a fifth of German medium-sized companies they had polled were considering
The Most Actively Traded ETFs in the Past Month
Wealth Management
NOVEMBER 30, 2022
These funds saw the most activity over the past 30 days.
Q3 GDP Growth Revised Up to 2.9% Annual Rate
Calculated Risk
NOVEMBER 30, 2022
From the BEA: Gross Domestic Product (Second Estimate) and Corporate Profits (Preliminary), Third Quarter 2022 Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the third quarter of 2022 , according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.6 percent.
FINRA: Firms Should Look Out For 'Red Flags' In Options Trading Applications
Wealth Management
NOVEMBER 30, 2022
The regulatory agency released an update Wednesday on its targeted sweep of firms’ supervision of options recommendations launched in August 2021, offering more pointed questions for registrants.
Book of Secrets on the Month-End Close
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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.
BLS: Job Openings Decreased to 10.3 million in October
Calculated Risk
NOVEMBER 30, 2022
From the BLS: Job Openings and Labor Turnover Summary The number of job openings edged down to 10.3 million on the last business day of October, the U.S. Bureau of Labor Statistics reported today. Over the month the number of hires and total separations changed little at 6.0 million and 5.7 million, respectively. Within separations, quits (4.0 million) and layoffs and discharges (1.4 million) changed little. emphasis added The following graph shows job openings (black line), hires (dark blue), L
RIA Edge Podcast: Jackson Wood on Creating Personal, Meaningful Marketing Opportunities
Wealth Management
NOVEMBER 30, 2022
Jackson Wood of Freedom Day Solutions discusses how how he and his firm have used podcasts, YouTube and Instagram to connect with NextGen investors.
NAR: Pending Home Sales Decreased 4.6% in October, Year-over-year Down 37%
Calculated Risk
NOVEMBER 30, 2022
From the NAR: Pending Home Sales Declined 4.6% in October Pending home sales slid for the fifth consecutive month in October, according to the National Association of REALTORS®. Three of four U.S. regions recorded month-over-month decreases, and all four regions recorded year-over-year declines in transactions. The Pending Home Sales Index (PHSI) , a forward-looking indicator of home sales based on contract signings, sank 4.6% to 77.1 in October.
The Inside ETFs Podcast: Ed Lopez on How ETFs Take Advantage of All Opportunities Within Investment Markets
Wealth Management
NOVEMBER 30, 2022
VanEck's Ed Lopez details recent trends in the capital markets, and how they can become opportunities for growth.
Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success
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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?
Clips From Today’s Closing Bell
The Reformed Broker
NOVEMBER 30, 2022
Big Tech may remain high through year end, says Ritholtz CEO Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.
UBS Backtracks on CEO’s Plan to Reach Wider Swath of Wealthy US Clients
Wealth Management
NOVEMBER 30, 2022
The focus will return to high net worth and ultra high net worth clients.
Thursday: Personal Income & Outlays, Unemployment Claims, ISM Mfg, Construction Spending, Vehicle Sales
Calculated Risk
NOVEMBER 30, 2022
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, down from 240 thousand last week. • Also, at 8:30 AM, Personal Income and Outlays, October 2022. The consensus is for a 0.4% increase in personal income, and for a 0.8% increase in personal spending.
Lawmakers Shouldn’t Be Stock Traders
Wealth Management
NOVEMBER 30, 2022
A long-overdue ethics reform would be a useful final step for outgoing House Speaker Nancy Pelosi.
Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100
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