Tue.Apr 11, 2023

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The 5 Wealthiest and 5 Fastest-Growing US Cities for Millionaires

Wealth Management

A growing number of wealthy individuals in the United States are on the move.

Numbers 317
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2nd Look at Local Housing Markets in March

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in March A brief excerpt: This is the second look at local markets in March. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.

Marketing 248
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Nine Must Reads for Real Estate Investors Today (April 12, 2023)

Wealth Management

Diversified Healthcare Trust struck a merger agreement with Office Properties Income Trust, reports McKnights Senior Living. Commercial Observer looks at the conflicting pictures of what's going on in the multifamily sector. These are among today’s must reads from around the commercial real estate industry.

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More Employment Graphs: Duration of Unemployment, Unemployment by Education, Diffusion Indexes

Calculated Risk

A few more employment graphs. Duration of Unemployment Click on graph for larger image. This graph shows the duration of unemployment as a percent of the civilian labor force. The graph shows the number of unemployed in four categories: less than 5 week, 6 to 14 weeks, 15 to 26 weeks, and 27 weeks or more. The short-term categories peaked at over 9% of the labor force at the onset of the pandemic.

Education 246
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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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More SVB Advisors Depart After Bank’s Collapse

Wealth Management

Exodus continues at SVB's private wealth division, with advisors most recently jumping to RIAs F.L. Putnam Investment Management, Cynosure Management and Cerity, according to SEC records.

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Tuesday links: unproven fears

Abnormal Returns

Strategy The stock market is converting bears into bulls. (allstarcharts.com) Broad diversification is back! (morningstar.com) Companies Tupperware ($TUP) is at-risk of going bankrupt. (axios.com) Boeing ($BA) jumped ahead of Airbus in deliveries for the first time since Q2 2018. (finance.yahoo.com) Chipotle Mexican Grill ($CMG) is rolling out a new all-electric restaurant concept.

More Trending

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Wednesday: CPI, FOMC Minutes

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, The Consumer Price Index for March from the BLS. The consensus is for 0.3% increase in CPI (up 5.2% YoY) and a 0.4% increase in core CPI (up 5.6% YoY).

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Why Cresset Brought Real Estate Investment Under its Banner

Wealth Management

Cresset Real Estate Partners sources private market real estate investment opportunities for high-net-worth investors and family offices. It was a separate company until a partnership was formalized in 2021.

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The Top Ten Job Streaks: Current Streak is in 9th Place

Calculated Risk

For fun: Through March 2023, the employment report indicated positive job growth for 27 consecutive months, putting the current streak in 9th place of the longest job streaks in US history (since 1939). The Federal Reserve is projecting significant job losses later this year, and it seems likely the current streak will end soon.

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Bond Investors Shouldn’t Gamble on the Inverted Yield Curve

Wealth Management

Reaching for yield during inversions misses the bigger driver of total return, namely the path of interest rates, which is difficult to predict with precision.

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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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How Rich Are the Baby Boomers?

A Wealth of Common Sense

I don’t know if this is my finance brain at work or just hitting middle age but anytime I travel now there invariably comes a point where I pull up home listings in the area on Zillow to get a sense of the local housing market. My family was in Marco Island, FL last week for spring break so of course I had to do some channel checks on housing prices in the area: Two things stand out here: (1) There are tons of list.

Marketing 145
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Drawdown Risk Re-examined

Wealth Management

As markets and risks change, so do investment analytics.

Investing 249
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Research links: untruthful talk

Abnormal Returns

AI The Bloomberg terminal just got a ChatGPT type interface. (institutionalinvestor.com) A round-up of research on the use of AI in finance (capitalspectator.com) Factors There is a difference between long-short and long-only factor investing. (blog.validea.com) Momentum and reversal should be treated as separate effects. (alphaarchitect.com) How to use coskew to improve momentum returns.

Retail 130
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Blackstone Raises More Than $30 Billion for Giant Real Estate Fund

Wealth Management

The company secured $30.4 billion of total capital commitments for the fund, called Blackstone Real Estate Partners X, according to a statement Tuesday. Blackstone’s latest fund is the largest of that type, according to PitchBook data going back to 2002.

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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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The Role of Health Insurance in the Wealth Connection

Advisor Perspectives

As the head of a health advisory company, I work with people who are undergoing treatment for various medical conditions, and I’ve seen firsthand how important it is to make the most of your health insurance.

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Drawdown Risk Reexamined

Wealth Management

As markets and risks change, so do investment analytics.

Investing 220
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How To Set Intentions For Your Finances (And Life!)

Clever Girl Finance

Setting intentions can be a powerful way to improve your finances and life. And with the power of intentional thoughts, it is possible to completely transform your financial situation for the better. Learning how to set intentions can be a turning point in your life. Not sure how to set intentions? We’ll take a closer look at how to do this and why being intentional is important.

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The Critical Minerals Supply Crunch: Mining the Energy Transition for Investment Opportunity

Wealth Management

Thursday, May 04, 2023 | 2:00 PM ET

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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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Exploring The Difference Between an Investment and an Expense

Integrity Financial Planning

In theory, the definitions of an investment or an expense are quite clear-cut. An expense, or cost, is simply the dispensing of time, money, or resources. An investment, while an expenditure, comes with the expectation of a return. [1][2] While the two ultimately have the same goal –to acquire a good or service—their intentions and outcomes differ. So, let’s discuss the main differences between an expense and an investment and why sometimes, the reasoning to back up each cost can make a di

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Fed Operating Losses Seen Growing with Higher Interest Rates

Wealth Management

The Fed said last month that it recorded a deferred asset of $16.6 billion in 2022 after ceasing remittances to the Treasury. In its audited financial statement for 2022, the US central bank said payments to Treasury totaled $76 billion before they were ended, compared with $109 billion for the year before.

Banking 130
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Financial Advisor Income Statement and Balance Sheet: Template Download

Sara Grillo

Here are some Excel models financial advisors can use to create your Chart of Accounts. Download this Excel sheet below for free to get a template for a financial advisor income statement and financial advisor balance sheet. But first. For those of you who are new to my blog/podcast, hi! My name is Sara. I am a CFA® charterholder and I used to be a financial advisor.

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Global Factor Performance: April 2023

Alpha Architect

Standardized Performance Factor Performance Factor Exposures Factor Premiums Factor Attribution Factor Data Downloads Global Factor Performance: April 2023 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

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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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Best Small Cap Stocks Under Rs 50 – Top Stocks To Watch in 2023

Trade Brains

Best Small Cap Stocks Under Rs 50 : When new investors are starting out, they tend to look for stocks that are not too expensive. In fact, many of them start investing in stocks under Rs 50. Quite a lot of times, shares of good companies are trading under ₹ 50 and have not reached their true value or potential. In fact, many investors might even be unaware of these companies due to a lack of analyst and media coverage.

Retail 94
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: Megan Greene to replace Silvana Tenreyro at the Bank of England

MarketWatch

The Bank of England said Megan Greene will replace Silvana Tenreyro as an external member, for a three-year term starting in July. Greene is currently global chief economist at Kroll and according to the central bank “has a broad understanding of financial markets internationally and significant experience of advising leaders on the potential impacts of global macroeconomic developments.

Banking 92
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Learn How To Make Clothes Last Longer And Save More Money!

Clever Girl Finance

Most people want to either earn more money or save more money (or both). One of the areas where you might not have thought about saving money is around how long your clothing lasts. That said, here are some great tips for how to make clothes last longer! Making your clothing last longer is a great way to save money when it comes to shopping as well as caring for your clothes.

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Animal Spirits: The Year of Disappointment

The Irrelevant Investor

Today’s Animal Spirits is brought to you by YCharts: See here for YCharts Top 10 Visuals for Prospect & Client Meetings On today’s show, we discuss: Stock pickers failed to take part in first-quarter rally Tech investing via Verdad Deposit outflows shine light on Fed program that pays money-market funds Why one firm’s 3,612% return is drawing the ire of hedge funds A historic labor market recovery Wages ma.

Clients 80
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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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Tax Planning Considerations for Financial Advisors

eMoney Advisor

Financial planning and tax planning go hand in hand. Including tax planning as part of your service provides clients a comprehensive view of their finances and helps them achieve their financial goals. Financial advisors can use tax planning to show the tax consequences of different actions and to develop strategies that can help reduce taxes in the future.

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: Weight Watchers parent’s stock soars after deal to buy weight-management drugs prescriber Sequence closes

MarketWatch

Shares of WW International Inc. WW, which was formerly known as Weight Watchers, soared 25.2% toward a five-week high in premarket trading Tuesday, after the weight management and wellness company said it completed its acquisition of Weekend Health Inc., the telehealth company doing business as Sequence. The stock had rocketed 79.1% to a seven-month high of $6.93 on March 7 after the $132 million deal was announced, as the acquisition would provide WW a telehealth provider that prescribes weight

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How to Navigate the Kitces AdvisorTech Map When Evaluating Your Tech Stack

Advisor Perspectives

With so many offerings to choose from, how should an advisory practice build or refine its tech stack? Let’s examine options to maximize your chances of success.

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: CarMax stock rallies after big profit beat, even as revenue fell well short of expectations

MarketWatch

Shares of CarMax Inc. KMX rallied 4.0% in premarket trading Tuesday, after the used car seller reported fiscal fourth-quarter profit that was more than double what was expected even as revenue that fell well short of expectations citing “vehicle affordability challenges.” Net income for the quarter to Feb. 28 fell to $69.0 million, or 44 cents a share, from $159.8 million, or 98 cents a share, in the year-ago period.

Sales 76
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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.