Calculated Risk

OCTOBER 30, 2024

Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family and Multi-Family Serious Delinquency Rates Increased in September Excerpt: Single-family serious delinquencies increased slightly in September, and multi-family serious delinquencies increased. Freddie Mac reported that the Single-Family serious delinquency rate in September was 0.54%, up from 0.52% August.

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Nerd's Eye View

OCTOBER 30, 2024

As fiduciaries, financial advisors are required to disclose any conflicts of interest that exist between themselves and their current and potential clients. The conflicts themselves can range from compensation models that impact how much money an advisor might earn as the result of a recommendation (such as specific product recommendations for advisors compensated on commission and 401(k) plan rollover recommendations for AUM-based advisors) to less direct conflicts such as 'soft dollar' benefit

Advertising 246

Advertising Commission Marketing Marketing 246

Abnormal Returns

OCTOBER 30, 2024

Rates Why rates are bucking the Fed. (sherwood.news) What's behind weakness in the long end of the curve? (apolloacademy.com) Finance Charles Schwab ($SCHW) is expanding 24-hour trading. (barrons.com) The crypto industry is licking its chops for the prospects over the next four years. (theatlantic.com) Companies Does Arm Holdings ($ARMH) have an AI future?

Financial Advising 269

Financial Advising Valuation Media Economy 269

Calculated Risk

OCTOBER 30, 2024

From ADP: ADP National Employment Report: Private Sector Employment Increased by 233,000 Jobs in October; Annual Pay was Up 4.6% – Private sector employment increased by 233,000 jobs in October and annual pay was up 4.6 percent year-over-year, according to the October ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”).

Economy 173

Economy 173

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Accounting

The Big Picture

OCTOBER 30, 2024

At the Money: Getting More Out of Dividends with Shareholder Yield. Meb Faber, Cambria Investments (October 30, 2024) Dividend investing has a long and storied history, but it turns out dividends are only part of the picture driving stock returns. One alternative is shareholder yield, which includes not only dividends, but also share buybacks and debt paydowns as indicators of future gains.

Investments 147

Investments Investing Valuation Numbers 147

Calculated Risk

OCTOBER 30, 2024

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending October 25, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.1 percent on a seasonally adjusted basis from one week earlier.

Government 189

Government Accounting Sales Marketing 189

Calculated Risk

OCTOBER 30, 2024

From the NAR: Pending Home Sales Advanced 7.4% in September ending home sales rose in September, according to the National Association of REALTORS®. All four major regions experienced month-over-month gains in transactions. Year-over-year, the Northeast and West registered increases while sales remained steady in the Midwest and South. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – jumped 7.4% to 75.8 in September, the highest level

Sales 173

Sales Economy Marketing Marketing 173

Wealth Management

OCTOBER 30, 2024

The Quarry Lake Group is leaving Morgan Stanley for RBC. The firm is based in Baltimore and manages more than $1 billion in assets.

Assets 278

Assets Management 278

Calculated Risk

OCTOBER 30, 2024

From the BEA: Gross Domestic Product, Third Quarter 2024 (Advance Estimate) Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the third quarter of 2024 , according to the "advance" estimate released by the U.S. Bureau of Economic Analysis. In the second quarter, real GDP increased 3.0 percent. The increase in real GDP primarily reflected increases in consumer spending, exports, and federal government spending.

Government 162

Government Food Economics Investments 162

Wealth Management

OCTOBER 30, 2024

Dimensional Fund Advisors' Bryce Skaff offers insight into career transitions and personal growth within the wealth management industry.

Wealth Management 278

Wealth Management Management 278

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Clients

MainStreet Financial Planning

OCTOBER 30, 2024

I’m occasionally asked where a client should be financially compared to others. When it comes to personal finances, many people wonder how they stack up against the rest of the country. Whether it’s savings, retirement funds, or net worth, understanding where you stand can provide valuable perspective on your financial progress. While everyone’s financial journey is unique—and blanket comparisons don’t always tell the whole story—there are certain benchmarks and metrics that can help you m

Retirement 98

Retirement Financial Planning Planning Accounting 98

Wealth Management

OCTOBER 30, 2024

But clients cited performance, change in service levels, and advisor moves as reasons they would switch advisors today, according to a new Dynasty study.

Clients 278

Clients 278

Midstream Marketing

OCTOBER 30, 2024

Key Highlights A referral program helps financial advisors grow their businesses. To create a good referral program, build strong relationships and provide exceptional service. It’s important to offer great rewards and make it easy for clients to refer their friends. Use social media and online platforms to promote your referral program. Regularly check, review, and improve your program using data and feedback.

Financial Advisor 52

Financial Advisor Marketing Marketing Clients 52

Wealth Management

OCTOBER 30, 2024

The agency is promoting its security PIN tool ahead of tax season.

Taxes 278

Taxes 278

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.

Management

Midstream Marketing

OCTOBER 30, 2024

Key Highlights The financial advice world is changing. RIAs need to update their marketing plans to stay ahead. A strong brand identity is key to getting and keeping clients in this tough market. Websites, social media, and SEO offer great opportunities to connect with new clients online. RIAs must understand and follow SEC marketing rules to meet their ethical and legal needs.

Investment Advisor 52

Investment Advisor Investments Investing Ethics 52

Wealth Management

OCTOBER 30, 2024

The SEIGPT architecture follows on the heels of the launch of its AI Center of Excellence in 2023.

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Alpha Architect

OCTOBER 30, 2024

As someone who has spent considerable time in the ETF landscape, we feel a deep sense of gratitude for the opportunity to share insights on a decision that can significantly impact aspiring ETF entrepreneurs: whether to serve as an advisor or a sub-advisor. One of my teammates, Patrick Cleary, put together a great article that sheds light on the complexities and implications associated with each role.

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Wealth Management

OCTOBER 30, 2024

The provisions apply to IRA recipients outside the United States.

Distribution 278

Distribution 278

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.

Numbers

Advisor Perspectives

OCTOBER 30, 2024

I’ve identified long-term care as the greatest unsolved challenge in the field of goals-based retirement investing. This doesn’t make me Sherlock Holmes. Anyone who has requested a quote for LTCI knows we’ve got a problem.

Insurance 69

Insurance Retirement Investments Investing 69

Wealth Management

OCTOBER 30, 2024

The combined firm will be based in Los Angeles. In 2022, Crescent Bay received a minority investment from Merchant Investment Management.

Management 277

Management Investments Investing 277

Norman Marks

OCTOBER 30, 2024

I think we would all agree that identifying the root cause of an issue is important. To quote the Management and Strategy Institute: Root Cause refers to the fundamental reason behind a problem or defect in a process. It is the underlying source that, when addressed, can prevent the recurrence of issues.

Management 64

Management Compliance Government 64

Wealth Management

OCTOBER 30, 2024

Proceeds of $19.5 million from life insurance trusts weren’t included in the taxpayer’s estate.

Taxes 277

Taxes Insurance 277

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.

Accounting

Advisor Perspectives

OCTOBER 30, 2024

To understand the wave of bank partnerships with private-credit fund managers during the past year or so, think back to the boom in mortgage lending through securitization in the early 2000s. The same forces are at work: a huge demand for finance, limited and costly bank capital and investment bankers’ ingenuity and desire to generate business.

Banking 59

Banking Management Investments Investing 59

Wealth Management

OCTOBER 30, 2024

On his first earnings call, newly appointed chief executive Rich Steinmeier gave no new details on the recent leadership change but struck a forward-looking tone. He added that the firm’s success is not dependent on advisors’ relationship with the CEO but rather the LPL employees they work with day-to-day.

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SEI

OCTOBER 30, 2024

Advisor’s Inner Circle Fund Trust Powers Growth for Asset Managers

Assets 59

Assets Management 59

Wealth Management

OCTOBER 30, 2024

UBS is the biggest global wealth manager but lags its peers in the U.S., where it has struggled to scale up the independent broker model it uses.

Wealth Management 270

Wealth Management Management 270

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Accounting

Advisor Perspectives

OCTOBER 30, 2024

The latest job openings and labor turnover summary (JOLTS) report showed that job openings decreased slightly in September, reflecting less hiring. Vacancies decreased to 7.846 million in September from August's downwardly revised level of 7.998 million. The latest reading was less than the expected 7.980 million vacancies.

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Wealth Management

OCTOBER 30, 2024

The AI- and machine learning-powered platform helps streamline data aggregation and tax reporting for alternative investments.

Taxes 252

Taxes Investments Investing 252

Advisor Perspectives

OCTOBER 30, 2024

The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of October 18, the index was at 36.727, up 3.225 from the previous week, with 5 of the 6 components in expansion territory.

Economics 52

Economics Economy 52

Wealth Management

OCTOBER 30, 2024

Open, honest and candid discussion about Hightower's NEPC deal, RPA acquisitions, Agilis Partners launching an annuities platform and more.

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