Calculated Risk
MAY 8, 2023
From the Federal Reserve: The April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices The April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the first quarter of 2023.
The Big Picture
MAY 8, 2023
There’s an old joke about a hypochondriac who is constantly complaining to his doctor about his many numerous, mysterious ailments. The Doc runs a full battery of tests, and delivers the bad news to the patient: “ Unfortunately, everything is okay… ” And that seems to be the same way many of today’s glass half-empty investors are digesting information about the markets.
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Calculated Risk
MAY 8, 2023
Fannie reported results for Q1 2023. Here is some information on single-family Real Estate Owned (REOs). Foreclosure have increased slightly since the end of the foreclosure moratorium. Fannie Mae reported the number of REOs increased to 8,780 at the end of Q1 2023, essentially unchanged from 8,779 in Q4 2022, and up 18% from 7,430 at the end of Q1 2022.
Wealth Management
MAY 8, 2023
Lessons learned from recent defined contribution plan litigation.
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Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
Calculated Risk
MAY 8, 2023
From Matthew Graham at Mortgage News Daily: Mortgage Rates Jump to Highest Levels Since Last Monday Mortgage rates moved noticeably higher to start the new week--high enough that you'd have to go back to last Monday to see anything higher. That's the bad news. The good news is that rates are in the midst of their flattest trend in a long time. This is true both in a broad sense going back to Q4 2022 and a more recent/narrow sense going back to mid-March.
Wealth Management
MAY 8, 2023
Healthcare and residential REITs led the way with gains over 4% in April. Some other segments were down 2% during the month.
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Wealth Management
MAY 8, 2023
The star is fighting back against a notice of deficiency.
Calculated Risk
MAY 8, 2023
Today, in the Calculated Risk Real Estate Newsletter: Lawler: American Homes 4 Rent Net Seller of Single-Family Homes Last Quarter Brief excerpt: Housing economist Tom Lawler brings us some interesting data from American Homes 4 Rent. Last week, Lawler discussed Invitation Homes Net Seller of Single-Family Properties for Second Straight Quarter and also provided statistics from eight public builders): American Homes 4 Rent Net Seller of Single-Family Homes Last Quarter; Rent Growth Slowed but Re
Wealth Management
MAY 8, 2023
IRS scrutiny over who qualifies as a real estate professional is a constant. Recent court decisions serve as a strong reminder of the substantiation required to qualify as a real estate professional.
Nerd's Eye View
MAY 8, 2023
Traditionally, financial advice and tax preparation have existed as 2 related, but separate, services. Besides the fact that many financial advisors don’t hold the necessary credentials (e.g., CPA, EA, or JD) to prepare tax returns and represent clients before the IRS, there has also been the impression that there is simply not enough time for one person to do both.
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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
Wealth Management
MAY 8, 2023
The largest commercial real estate brokerage firms reported quarterly losses and forecast more struggles ahead, reports Bisnow. Bain Capital is raising a $4 billion special situations fund that aims to invest in a range of assets, including real estate. These are among the must reads from around the real estate investment world to end the week.
Abnormal Returns
MAY 8, 2023
Podcasts Michael Kitces talks with Jake Northrup, Founder of Experience Your Wealth, about scaling his practice. (kitces.com) David Armstrong talks with Larry Swedroe of Buckingham Strategic Wealth about how he talks with advisers about investing topics. (wealthmanagement.com) Daniel Crosby talks with Michael Thomas Jr. about building 'financial empathy.
Wealth Management
MAY 8, 2023
The promise of high returns — whether true or not — has encouraged retirement funds to pour money into PE investments, with terrible results.
The Big Picture
MAY 8, 2023
My back-to-work morning train WFH reads: • How Sam Bankman-Fried Peddled a Story Everyone Wanted to Believe : In an excerpt from his upcoming book, Axios’s Brady Dale explores “what we think we know” about Sam Bankman-Fried, FTX, and the crypto industry. ( Institutional Investor ) • Where to Invest in Real Estate Now : Four experts offer timely ideas on where — and whether — to invest in this messy market. ( Bloomberg ) • 2023 World Changing Ideas Awards : Fast Company’s annual World Changing Id
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.
Wealth Management
MAY 8, 2023
FINRA settled the charges with the firm and Donnie Ingram, claiming that Centaurus failed to properly supervise the recommendations Ingram was making to clients.
Calculated Risk
MAY 8, 2023
Altos reports that active single-family inventory was down 0.6% week-over-week. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of May 5th, inventory was at 420 thousand (7-day average), compared to 422 thousand the prior week. Year-to-date, inventory is down 14.5%. And inventory is up 3.5% from the bottom three weeks ago.
Wealth Management
MAY 8, 2023
ChatGPT isn’t going to be a stock-picking genius.
Abnormal Returns
MAY 8, 2023
Markets Small cap stocks have given up their relative gains over the past few years. (allstarcharts.com) One-year out S&P 500 earning estimates have stopped going down. (axios.com) Strategy Investor sentiment is out of whack with reality. (ritholtz.com) Why AI is unlikely to turn you into a stock picking genius. (bloomberg.com) Companies Energy companies are sitting on a growing pile of cash.
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.
Trade Brains
MAY 8, 2023
Understanding what is Options Trading: Options are one of the highly traded financial instruments and darling of the big traders and investors. However, for beginners, understanding what is options trading is one of the biggest difficulties because of its complexity (which comes by nature) and the difficult jargon used by the experts. In this article, we’ll discuss exactly what is options trading and how it works with the help of a few examples.
Getting Your Financial Ducks In A Row
MAY 8, 2023
Photo credit: jb Medigap policies come in many flavors. If you’ve done any reading in this area at all, you’ve probably come to realize that the whole thing is a messy alphabet soup… and it’s really, really hard to figure it all out. If you want more details on the choice between Medigap and Medicare Advantage plans, see the article Medicare Supplements versus Medicare Advantage Plans.
Trade Brains
MAY 8, 2023
Fundamental Analysis of KPIT Technologies: The mid-cap company KPIT Tech. has rallied close to 70% in the last twelve months while the other IT giants’ shares went nowhere. What makes this company so special and different from other IT players as it trades at a price-to-earnings ratio of 67? What are its future plans? We’ll attempt to answer these questions and many others in our fundamental analysis of KPIT Technologies.
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.
Good Financial Cents
MAY 8, 2023
Long-term goals aren’t easy to achieve. But why? Could it be that motivation wanes over time? Perhaps external circumstances change. Maybe it has to do with the feasibility of the goals. Many people have trouble sticking to something over the course of a single year let alone several years or decades. Perhaps that’s why long-term goals – like most financial goals – are so difficult to achieve.
Ballast Advisors
MAY 8, 2023
Financial planning is a vital aspect of life. Often, the financial lessons and advice passed down from generation to generation shape an individual’s approach to finances. In honor of Mother’s Day, we are delighted to have a multi-generational family of Ballast Advisors clients, Jean, Val, and Amanda, who have agreed to share their experiences and insights with us.
Zoe Financial
MAY 8, 2023
Market Drama Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA May 8, 2023 Watch Time: 4 minutes Welcome to this week’s Market Drama! The S&P 500 was up 1.9 for the week%, meaning it’s up 8% year-to-date. Nasdaq was up 2.3% for the week and is now up 18% year-to-date. Economic Data: April’s growth came in at 253,000, above expectations.
XY Planning Network
MAY 8, 2023
Let's talk compliance. Eek! Sometimes that one word has the power to make financial advisors break out in a sweat. Many advisors—especially those who haven't managed their own compliance previously—can feel like it's the "monster in the closet." But it doesn't need to be! Here at XYPN, we have a dedicated team of compliance experts available to help with everything from initial registration to preparing for an RIA audit.
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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.
Advisor Perspectives
MAY 8, 2023
Financial cracks from rate hikes have led to jitters over commercial real estate. Yet granularity is key. We see opportunities in some U.S. industrial properties.
Alpha Architect
MAY 8, 2023
Do men and women differ in their financial returns on housing investments? What are the main drivers? The Gender Gap in Housing Returns was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
MarketWatch
MAY 8, 2023
The New York Times Co. NYT will receive around $100 million from Alphabet Inc.’s GOOGGOOGL Google in a deal announced earlier this year that would put the media outlet’s content on Google News and other platforms, the Wall Street Journal reported on Monday. That sum, which Google will pay out over three years, wasn’t disclosed by the Times when it announced the arrangement this year, the Journal said.
Advisor Perspectives
MAY 8, 2023
Many investors are choosing to access bitcoin and broader crypto themes through traditional ETF wrappers due to their relative simplicity and familiarity.
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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?
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