Calculated Risk
DECEMBER 23, 2022
The BEA released the Personal Income and Outlays report for November: Personal income increased $80.1 billion (0.4 percent) in November , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $68.6 billion (0.4 percent) and personal consumption expenditures (PCE) increased $19.8 billion (0.1 percent).
Wealth Management
DECEMBER 23, 2022
Not every advisor sees a role for alternative investments like private placements or non-traded REITs. For those who do, making the allocations in reaction to declines in traditional portfolios is a mistake.
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Calculated Risk
DECEMBER 23, 2022
The Census Bureau reports New Home Sales in November were at a seasonally adjusted annual rate (SAAR) of 640 thousand. The previous three months were revised down sharply. Sales of new single‐family houses in November 2022 were at a seasonally adjusted annual rate of 640,000 , according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
Wealth Management
DECEMBER 23, 2022
Long-time WealthManagement.com contributor Mark Miller discusses his new book, which highlights how unprepared many Americans nearing retirement age are for the next stage of their lives and what can be done, both on a personal and policy level, to fix it.
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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
Nerd's Eye View
DECEMBER 23, 2022
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that Congress appears poised to pass “SECURE Act 2.0”, a series of measures that will have significant impacts on the world of retirement planning. From gradually raising the RMD age to 75 to expanding opportunities to make Roth-style contributions, to increasing the annual limit for Qualified Charitable Distributions, this legislation will likely
Wealth Management
DECEMBER 23, 2022
There is a good reason to worry about the American retirement system. It’s not a system at all, but a patchwork of programs and products.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
DECEMBER 23, 2022
Zephyr Market Strategist Ryan Nauman highlights eight topics that he will be watching in 2023 that will drive markets and considerations to prepare investment portfolios for the new year.
Abnormal Returns
DECEMBER 23, 2022
Content Some Substack newsletters that some prominent writers recommend including 'Doomberg.' (petition.substack.com) Blair duQuesnay's favorite female-created financial content from 2022. (blairbellecurve.com) What some Morningstar ($MORN) analysts recommend from 2022 including “The Bond King: How One Man Made a Market, Built an Empire, and Lost It All” by Mary Childs.
Wealth Management
DECEMBER 23, 2022
Assets in defined outcome ETFs doubled over 2022. The research team at Innovator ETFs, who pioneered the model, collected data across 350 RIAs and 50 broker/dealers to see how advisors used the funds.
Calculated Risk
DECEMBER 23, 2022
From CoStar: STR: Calendar Shift Softens Lower Weekly US Hotel Performance U.S. hotel performance came in lower than the previous week but showed improved comparisons to 2019 in part because of a favorable calendar shift, according to STR‘s latest data through Dec. 17. Dec. 11-17, 2022 (percentage change from comparable week in 2019*): • Occupancy: 54.5% (+9.2%) • Average daily rate (ADR): $135.08 (+23.7%) • Revenue per available room (RevPAR): $73.65 (+35.1%) The corresponding week in 2019 ende
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
DECEMBER 23, 2022
No other bond king could come close to bench-pressing 495 pounds 20 times over, as he did in his prime.
Calculated Risk
DECEMBER 23, 2022
From Goldman: We boosted our Q4 GDP tracking estimate by one tenth to +1.7% (qoq ar) , reflecting a larger contribution from inventories but slower consumption growth. emphasis added [Dec 23rd estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2022 is 3.7 percent on December 23, up from 2.7 percent on December 20.
Wealth Management
DECEMBER 23, 2022
CI Financial plans to use proceeds from the IPO to improve its balance sheet, which had nearly C$4 billion ($3 billion) in debt as of Sept. 30.
Calculated Risk
DECEMBER 23, 2022
Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Increased in November; Previous 3 Months Revised Down Sharply Brief excerpt: The next graph shows the months of supply by stage of construction. “Months of supply” is inventory at each stage, divided by the sales rate. There are 1.2 months of completed supply (red line). This is getting close to the normal level.
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
DECEMBER 23, 2022
CI Financial plans to use proceeds from the IPO to improve its balance sheet, which had nearly C$4 billion ($3 billion) in debt as of Sept. 30.
Alpha Architect
DECEMBER 23, 2022
To determine if a multi-factor approach has provided diversification benefits in terms of exposure to economic cycle risks, the research team at Counterpoint evaluated returns to multifactor long-short strategies, stocks, and 1-month T-bills in a variety of economic conditions (recession or no recession, high or no high inflation, and stagflation) over the period July 1963-August 2022.
Wealth Management
DECEMBER 23, 2022
The Vanguard Short-Term Tax-Exempt Bond ETF would track an index of municipal bonds with maturities between one month and seven years.
A Wealth of Common Sense
DECEMBER 23, 2022
There were a lot of surprises for the U.S. economy in 2022. Maybe the most surprising is the fact that it was so resilient in the face of 9% inflation while the Fed went on one of the most aggressive interest rate tightening cycles in history. A lot of people thought it was a foregone conclusion that we were either (a) already in a recession in 2022 or (b) destined to go into one in short order.
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.
Trade Brains
DECEMBER 23, 2022
Adani Power Vs Tata Power: With great power come great electricity bills! Believe it or not, this week we saw a few things that we cannot forget. For starters, people were roasting chapattis on footpaths. Then, we saw a ‘jaggeryfall’ right inside a jaggery shop. And then, everyone covered their faces with a stole, to an extent that they were unrecognizable.
Darrow Wealth Management
DECEMBER 23, 2022
Congress is once again poised to make sweeping changes to the retirement and tax rules in the last two weeks of the year. The Secure Act 2.0 is expected to become law later this week. Some of the measures in the bill include increasing the required minimum distribution age, raising catch-up contribution limits, permitting some rollovers from 529 plans to Roth IRAs, and expanded access to employer plans. 9 major Secure Act 2.0 retirement changes.
BlueMind
DECEMBER 23, 2022
Category: Resources. Hollywood movies provide more than just entertainment. They give great insight into the human mind about crime, greed, love, or hate. Moreover, watching movies is a great way to relieve the stress of the week and pass the time, pandemic or not! Movies related to the financial world predominantly reveal the greedy and corrupt nature of specific individuals.
Advisor Perspectives
DECEMBER 23, 2022
U.S. equities are modestly higher but near the unchanged mark in pre-market action.
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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.
David Nelson
DECEMBER 23, 2022
David joins Fox Business anchor Maria Bartiromo and Strategic Wealth Partners CEO Mark Tepper to weigh in on housing and the economy.
Advisor Perspectives
DECEMBER 23, 2022
With the release of this morning's report on November's Personal Incomes and Outlays, we can now take a closer look at "Real" Disposable Personal Income Per Capita. At two decimal places, the nominal 0.34% month-over-month change in disposable income comes to 0.23% when we adjust for inflation. This is an increase from last month's 69% nominal and 0.32% real change.
Norman Marks
DECEMBER 23, 2022
The results from my recent survey (thanks to the 75 internal audit practitioners who responded) are interesting. (You can see the results of the earlier survey here.) First, I will review the answers about auditing risk management. Q1: Does your internal audit function audit the organization’s management of risk? 62 (83%) indicated that they do, […].
Advisor Perspectives
DECEMBER 23, 2022
Personal Income ( excluding Transfer Receipts ) in November rose 0.39% and is up 5.5% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, Real Personal Income (excluding Transfer Receipts) MoM was up 0.28%. The real number is unchanged year-over-year.
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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?
Random Roger's Retirement Planning
DECEMBER 23, 2022
We spend a lot of time here on unexpected, one-off, unbudgetable expenses that can blow up a retirement plan that doesn't have a lot of margin for error. Examples of this type of expense that I usually cite are new tires, a large veterinary bill and something on the house like a roof. There is an element of luck to this too I believe. Some people have better luck on this front than others.
Advisor Perspectives
DECEMBER 23, 2022
Despite a week that brought S&P 500 back into bear territory briefly, the index is up 0.59% from Thursday and is down 19.33% YTD.
Validea
DECEMBER 23, 2022
Investors are gobbling up bonds in emerging markets around the world so rapidly that the risk premium on them has dropped dramatically, reports an article in Bloomberg. The rebound is being led by countries that were on the edge of default only months ago, such as Pakistan, Ghana, and Ukraine. Inexpensive, high-yield, emerging markets bonds “look more attractive relative to investment grade,” Ben Luk of State Street Global Markets told the news outlet.
Advisor Perspectives
DECEMBER 23, 2022
The latest new orders number at -2.1% month-over-month (MoM) was worse than the Investing.com -0.6% estimate. The series is up 6.5% year-over-year (YoY). If we exclude transportation, "core" durable goods was up 0.2% MoM and up 3.4% YoY.
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