Calculated Risk
JUNE 2, 2023
The BEA released their estimate of vehicle sales for May this morning. The BEA estimates sales of 15.05 million SAAR in May 2023 (Seasonally Adjusted Annual Rate), down 6.5% from the April sales rate, and up 19.6% from May 2022. Click on graph for larger image. This graph shows light vehicle sales since 2006 from the BEA (blue) and BEA's estimate for May (red).
Wealth Management
JUNE 2, 2023
Lenders are experimenting with artificial intelligence. Not even Warren Buffett is sure what happens next.
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The Big Picture
JUNE 2, 2023
My end-of-week morning train WFH reads: • Wall Street Banks Are Using AI to Rewire the World of Finance : Lenders are experimenting with artificial intelligence. Not even Warren Buffett is sure what happens next. ( Bloomberg ) • The $1 Trillion Company That Started at Denny’s : AI made Nvidia the world’s most valuable chip maker. So did three guys sipping diner coffee and planning to conquer markets that barely existed. ( Wall Street Journal ) • Is Apple’s weird headset the future?
Wealth Management
JUNE 2, 2023
Set expectations, understand it takes time and expect the unexpected.
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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
Abnormal Returns
JUNE 2, 2023
The biz Consolidation is here, again, as independent podcast companies sell out. (bloomberg.com) Ad buyers love podcasts, especially business-focused ones. (insideradio.com) The number of songs uploaded to streaming services just keep increasing. (om.co) Finance David Rubenstein talks with Cliff Asness about the return of value. (bloomberg.com) Christine Benz and Jeff Ptak talk with Joel Tillinghast about his biggest investing mistake, the implications of AI for portfolio management, and how pri
Wealth Management
JUNE 2, 2023
“Blackwells strongly opposes the cockamamie merger, and expects most other shareholders to do the same," said the activist investor of the plan, which is backed by Schorsch's AR Global.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
JUNE 2, 2023
The regulator settled with Park Avenue Securities, alleging the firm didn’t properly supervise an unnamed rep for his outside business activities, despite numerous “red flags.
The Reformed Broker
JUNE 2, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Cathie Wood, and Downtown Josh Brown discuss investing in innovation, AI fact vs fiction, how big Tesla can get, why Ark bought Nvidia in 2014, Zoom vs Google Meet vs Microsoft Teams, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!
Wealth Management
JUNE 2, 2023
More than $140 billion in transacted assets at RIAs was announced this week as milestones were achieved and new territory was conquered.
Nerd's Eye View
JUNE 2, 2023
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that a recent study found that advisory forms working with a younger client base tend to have relatively stronger growth in assets under management and revenue over time. In addition, the researchers found that referrals from centers of influence were one of the strongest drivers of new client growth, with client referrals playing an important role as well.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Wealth Management
JUNE 2, 2023
Financial advisors can focus on marketing outreach, technology and talent to take advantage of opportunities to grow their business.
Abnormal Returns
JUNE 2, 2023
Strategy A lot of issues really come down to perspective. (ritholtz.com) Some career advice from noted investor David Tepper. (investmenttalk.co) Companies Meta ($META) is requiring workers to come back to the office three days a week. (cnbc.com) Amazon ($AMZN) is looking to add wireless service for Prime members. (finance.yahoo.com) Apple There are only open questions right now about Apple's ($AAPL) VR efforts.
Wealth Management
JUNE 2, 2023
Derek Notman, the founder of Couplr and Conneqtor, shares his future wealthtech outlook.
Calculated Risk
JUNE 2, 2023
From the BLS : Total nonfarm payroll employment increased by 339,000 in May , and the unemployment rate rose by 0.3 percentage point to 3.7 percent , the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, government, health care, construction, transportation and warehousing, and social assistance.
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.
Wealth Management
JUNE 2, 2023
Our technology columnist shares some of what inspired—and irritated—him at this year’s WealthStack conference.
Calculated Risk
JUNE 2, 2023
The headline jobs number in the May employment report was above expectations, and employment for the previous two months was revised up by 93,000, combined. The participation rate was unchanged, the employment population ratio declined slightly, and the unemployment rate increased to 3.7%. Although the establishment survey (Current Employment Statistics - CES) showed a gain of 339 thousand jobs, the household survey (Current Population Survey - CPS) showed a loss of 310 thousand employed , pushi
Wealth Management
JUNE 2, 2023
Unveiling the blueprint: realtors' real estate path to retirement.
A Wealth of Common Sense
JUNE 2, 2023
The AI craze is in full effect so everyone is trying to figure out who the winners will be. Maybe it will be the upstarts, some new start-up that gives you your own personal assistant in your ear, on your iPhone and at your desk. Or maybe it will be the big tech players who have gobs of money to throw at AI like Microsoft, Google and Facebook. Maybe it’s a company like NVIDIA that supplies the chips and software.
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.
Calculated Risk
JUNE 2, 2023
Today, in the Calculated Risk Real Estate Newsletter: Year-over-year Rent Growth Continues to Decelerate A brief excerpt: Tracking rents is important for understanding the dynamics of the housing market. For example, the sharp increase in rents helped me deduce that there was a surge in household formation in 2021 (See from September 2021: Household Formation Drives Housing Demand ).
Alpha Architect
JUNE 2, 2023
While most sin stocks in the IC method were also identified as sin in the TA method, there were 57 firm-year cases where a company showed up as sin only in the IC method—these were false positive sin stocks as identified in the IC method. Negative Screening and the Sin Premium was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Advisor Perspectives
JUNE 2, 2023
The artificial intelligence boom is handing a big win to hedge funds angling for an edge.
Integrity Financial Planning
JUNE 2, 2023
Summer vacation is just around the corner, and if you’re looking to save some money and make the most out of your trip, here are some travel hacks you can use. Book Flights Early Airlines sell flights at least 11 months in advance, so booking flights 11-plus months in advance is a great way to get value for your flight expenses. Doing this before you book hotels and other plans at your destination can help provide you with the greatest flexibility in finding the cheapest flights.
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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
JUNE 2, 2023
The S&P 500 closed out the week strong, finishing Friday with a new 2023 high. The index is currently up 11.98% year to date and is 10.72% below its record close from January 3, 2022.
NAIFA Advisor Today
JUNE 2, 2023
Like many, Chad Horsham, LUTCF ® , CLU ® , ChFC ® , RICP ® , got into the insurance and financial services industry through serendipity. In 2004, he ran into his real estate agent while out on a walk with his dog. When she heard he was looking for a new job, she suggested he look into New York Life Insurance Company. Nineteen years later, he’s a financial advisor through Eagle Strategies, LLC , an insurance agent at New York Life , and owns his own agency, Horsham Financial Group.
The Irrelevant Investor
JUNE 2, 2023
How many millions of American investors asked themselves the same question heading into 2023? “Why would I own stocks when I can get close to 5% risk-free* in 1-year treasury bonds?” It was and is a reasonable question. In a vacuum, bonds are competition for stocks. But the reason why bonds are now a viable alternative is because there’s a lot to worry about.
Advisor Perspectives
JUNE 2, 2023
Here are four things advisors get wrong about tax-loss harvesting.
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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?
MarketWatch
JUNE 2, 2023
Shares of Palo Alto Networks Inc. PANW rallied in the extended session Friday after S&P Dow Jones said it would include the cybersecurity platform company’s stock in the S&P 500 index SPX. Palo Alto Networks shares surged as much as 4% after hours, following a 0.2% rise to close the regular session at $217.24, after S&P said Palo Alto Networks will replace Dish Network Corp.
Advisor Perspectives
JUNE 2, 2023
529 plan benefits abound no matter which type of plan you choose. Read on to get a full understanding of what 529 plans can do for you.
MarketWatch
JUNE 2, 2023
A spokesperson for JPMorgan Chase & Co. JPM on Friday has confirmed statements on social media that some customers are seeing duplicate transactions and fees on their checking accounts. “We’re sorry,” the spokesperson said in an email to MarketWatch. “We’re working to resolve the issue and will automatically reverse any duplicates and adjust any related fees.
Advisor Perspectives
JUNE 2, 2023
The moving average for the light vehicle sales per capita series peaked in August 1978. Almost 45 years later, it is down 40.5% from that peak.
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