Tue.May 02, 2023

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BLS: Job Openings Decreased to 9.6 million in March

Calculated Risk

From the BLS: Job Openings and Labor Turnover Summary The number of job openings decreased to 9.6 million on the last business day of March , the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations were little changed at 6.1 million and 5.9 million, respectively. Within separations, quits (3.9 million) changed little, while layoffs and discharges (1.8 million) increased. emphasis added The following graph shows job openings (black line), hire

Numbers 361
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Former Wells Fargo Team Goes Independent With Summit Financial

Wealth Management

Daniel Murphy and his team left Wells Fargo to establish Great Lakes Private Wealth with capital, resources and technology support from Summit.

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JPMorgan Steals First Republic!

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Uber Earnings – “Based on data from Bloomberg, 262 companies in the $spx have reported, sales growth in 1Q is 4% and earnings growth is -2.69%” ►Cap Weighted Rules – “It’s rare for t.

Sales 314
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Real Estate Debt Funds Step in to Fill a Financing Void

Wealth Management

Real estate debt funds are targeting all types of strategies, but are becoming particularly active on construction financing, an area where the pullback from banks has been more severe.

Banking 289
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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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CoreLogic: House Prices up 3.1% YoY in March, Lowest Annual Growth Rate since early 2012

Calculated Risk

Notes: This CoreLogic House Price Index report is for March. The recent Case-Shiller index release was for February. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic: March US Annual Home Price Growth Dips to Lowest Rate in More Than a Decade CoreLogic®. today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for March 2023.

Sales 286
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Snappy Kraken Merges its Marketing Tools and Data

Wealth Management

The company’s website, automation and text messaging platforms will now be connected in one unified system, with new pricing and a single compliance platform.

More Trending

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12 Midweek Must Reads for Real Estate Investors (May 3, 2023)

Wealth Management

The Real Deal looks at what JPMorgan’s takeover of First Republic Bank means for the real estate industry. ULI predicts a slowdown until 2025. These are among today’s must reads from around the commercial real estate industry.

Banking 264
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#FA Success Ep 331: Getting Comfortable Hiring Advisors ‘Early’ As The Advisory Business Revenue Grows, With Jake Northrup

Nerd's Eye View

Welcome back to the 331st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jake Northrup. Jake is the Founder of Experience Your Wealth, an independent RIA based in Bristol, Rhode Island, that advises 78 client households with a 3-person team supporting more than $550,000 of ongoing revenue. What's unique about Jake, though, is how he’s been able to grow to over $550,000 of revenue in just 4 years since launching from scratch, and how he realized that becau

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ESG Factors Enhance Credit Ratings in Predicting Default Risk

Wealth Management

Companies are likely to pay increasing attention to their behaviors related to ESG factors because the cost of capital impacts competitiveness.

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Vehicles Sales at 15.91 million SAAR in April; Up 11.4% YoY

Calculated Risk

Wards Auto released their estimate of light vehicle sales for April: U.S. Light-Vehicle Sales Continue to Surprise on High Side (pay site). Wards Auto estimates sales of 15.91 million SAAR in April 2023 (Seasonally Adjusted Annual Rate), up 7.4% from the March sales rate, and up 11.4% from April 2022. Click on graph for larger image. This graph shows light vehicle sales since 2006 from the BEA (blue) and Wards Auto's estimate for April (red).

Sales 246
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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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RIA Edge Podcast: The Evolution of RIA M&A With Focus Financial’s Rajini Kodialam

Wealth Management

Rajini Kodialam, Focus Financial's co-founder and chief operating officer, discusses the M&A opportunities that exist today for RIAs.

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Tuesday links: avoiding burnout

Abnormal Returns

Icahn Enterprises Hindenberg Research has Icahn Enterprises LP ($IEP) in their sights. (hindenburgresearch.com) Icahn Enterprises LP ($IEP) has a very cozy relationship with Jefferies. (ft.com) JP Morgan Chase The First Republic acquisition will put JP Morgan Chase ($JPM) in front of the tech industry. (theinformation.com) Jamie Dimon wants no part of the jumbo mortgage market.

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Lido Advisors Picks Up $1B First Republic Team in San Diego

Wealth Management

Another advisor team—this time a San Diego-based group that managed $1 billion in client assets—has departed First Republic, as JPMorgan Chase takes over the troubled bank.

Banking 246
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A Policy Proposal to Increase the Utilization of the Current Housing Stock

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: A Policy Proposal to Increase the Utilization of the Current Housing Stock A brief excerpt: Here is a policy proposal that will likely help increase inventory in many areas (especially in high-cost areas) and would increase the utilization of the current housing stock. There is much more in the article.

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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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Advising Clients on Strike

Wealth Management

In light of the recent Writer's Guild strike, advisors can play an important role in helping clients caught up in a work stoppage.

Clients 245
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Wednesday: FOMC Statement, ISM Services, ADP Employment, HVS Vacancies and Homeownership

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 8:15 AM, The ADP Employment Report for April. This report is for private payrolls only (no government). The consensus is for 135,000 payroll jobs added in April, down from 145,000 added in March. • At 10:00 AM, the Q1 2023 Housing Vacancies and Homeownership from the Censu

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Former Wells Fargo Advisor Sentenced for Identity Theft, Stealing Client Funds

Wealth Management

Tyler Rigsbee will spend two years in prison for faking a client’s identity to steal from their account and stealing from another to cover up the initial theft.

Clients 242
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Research links: effective ETF strategies

Abnormal Returns

Quant stuff Sign up for free for the 2023 edition of the Democratize Quant conference. (alphaarchitect.com) The CFA Institute has created a separate Data Science for Investment Professionals Certificate. (institutionalinvestor.com) Research How to use ChatGPT to summarize financial disclosures. (papers.ssrn.com) Why intangibles matter - accounting conservatism distorts results.

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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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Six-Person Team Leaves Merrill Lynch, Creates Premier Path RIA

Wealth Management

Launched with support from Dynasty Financial Partners, the New Jersey-based team managed $875 million at Merrill.

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How Interest Rates & Inflation Impact Stock Market Valuations

A Wealth of Common Sense

On Monday the S&P 500 closed at a little more than 4,100. That’s a level the index first hit in May 2021. A lot has changed in the intervening two years from a market perspective. This is a snapshot of how things looked back in May 2021: Fed funds rate: 0% (on the floor) 10 year treasury yield: 1.6% (generationally low) Inflation rate: 4.2% (uncomfortable but still felt transitory) Mortgage rates: 3.0% (ridicu.

Valuation 103
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Financial Advice From A-Rod

Wealth Management

What would former baseball star Alex Rodriguez do with $100,000? “I would keep it in T-bills right now.

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Customize Your Presentations to Create a Personal Experience

eMoney Advisor

As a financial professional, you have probably noted how different clients react to the presentation of their financial plans. Some may engage more when you’re just having a conversation. Or perhaps they like it when you show them charts and graphics while others like to have a physical interaction with the information you are presenting. The reasons could come down to each client’s individual learning style.

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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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Morgan Stanley Plans 3,000 More Job Cuts as Dealmaking Slumps

Wealth Management

The banking and trading group is expected to shoulder many of the reductions. Morgan Stanley employs about 82,000 people.

Planning 231
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5 Steps To Create And Reach Your Short-Term Savings Goals

Clever Girl Finance

Without short-term savings goals, it can be difficult to move the needle toward a brighter financial future. That said, short-term savings goals can help you to create a plan for your money and help you avoid procrastination. Let’s explore more about what these goals are, why you should set them, and how to reach them. Table of contents What are short-term savings goals?

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CI Financial Cut to Junk by S&P Before Firm Drops Coverage

Wealth Management

CI’s borrowing, which mounted as it went on an acquisition spree of US registered investment advisory firms, has become a concern for analysts and investors.

Investing 204
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Peter Lynch Categories of Stocks – Six Types of Stock to Pick!

Trade Brains

Understanding Peter Lynch Categories of Stocks in the Stock Market: Peter Lynch is a renowned American investor, Ex-manager of the Magellan fund at Fidelity Investment, and author of the best-selling book “One Up on the Wall Street” He has famously known for his average 29.2% annual returns that he provided for his investors while managing the Magellan fund for the duration of 13 years.

Assets 98
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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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Succession Planning 2023: Who Has a Plan?

Wealth Management

Thursday, June 15, 2023 | 2:00 PM ET

Planning 162
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You Control More in the Hiring Process Than You Think

Advisor Perspectives

It is frustrating for us to try and add to our great team when there are so few “good” people in the market from which to choose.

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Give clients what they most want

Million Dollar Round Table (MDRT)

By Sandy Schussel One of the biggest misconceptions about financial advisors’ success is the idea that their services, planning and advice are what clients want most. They’re not. Clearly, your services, advice and recommendations are important. But there’s something more important. Understand what matters The most important factor in your success is something else, and it’s right under your nose.

Clients 98
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: Sprout Social stock falls as forecast revenue for current quarter fall short

MarketWatch

Sprout Social Inc. SPT shares dropped in the extended session Tuesday after the social-media management software company’s forecast revenue for the current quarter fell short of Wall Street estimates. The company reported a first-quarter loss of $10.3 million, or 19 cents a share, compared with a loss of $9.8 million, or 18 cents a share, in the year-ago period.

Media 98
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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.