Calculated Risk
MARCH 22, 2023
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture Billings Index (ABI) Slowdown Continues into February More architecture firms reported a decline in billings in February, indicating an extension of a recent downturn in design activity according to a new report released today from The American Institute of Architects (AIA).
The Big Picture
MARCH 22, 2023
Bank failures since 2001, scaled by amount of assets in 2023 dollars. The graphic above, via Flowing Data , puts recent events into perspective: At $209 billion in assets, the Silicon Valley Bank failure since Washington Mutual crashed in 2008 (JPM Chase took them over from the FDIC). The post U.S. Bank Failures, 2001 – Present appeared first on The Big Picture.
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Calculated Risk
MARCH 22, 2023
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey — Mortgage applications increased 3.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 17, 2023. The Market Composite Index, a measure of mortgage loan application volume, increased 3.0 percent on a seasonally adjusted basis from one week earlier.
Wealth Management
MARCH 22, 2023
Many regional banks also have trust departments and/or associated trust companies.
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The Big Picture
MARCH 22, 2023
Note: We are off to California and Arizona for a few events; no Morning Reads for the next few days… My mid-week morning train plane reads: • How the Swiss ‘trinity’ forced UBS to save Credit Suisse : The takeover of its local rival could end up being a generational boon for UBS. But the government-orchestrated deal has angered many investors. ( Financial Times Alphaville ) • Why Job Reshoring Is Merely a Trickle : U.S. manufacturing can’t compete on cost, but it has a leg up in some areas
Wealth Management
MARCH 22, 2023
Worries mount about commercial real estate debt in the face of the challenges amid the banking sector. The AIA billings index slowed in February, indicating a downturn in design activity. These are among today’s must reads from around the commercial real estate industry.
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Wealth Management
MARCH 22, 2023
Last year marked a record for global sales of real estate secondary transactions. Asset managers expect 2023 to beat that figure.
Calculated Risk
MARCH 22, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 190 thousand initial claims, down from 192 thousand last week. • At 8:30 AM, Chicago Fed National Activity Index for February. This is a composite index of other data. • At 10:00 AM, New Home Sales for February from the Census Bureau.
Wealth Management
MARCH 22, 2023
The SEC charged Tron founder Justin Sun with selling unregistered crypto assets, and settled charges with Lindsay Lohan, Jake Paul, Soulja Boy and others for touting them.
Calculated Risk
MARCH 22, 2023
Statement here. Fed Chair Powell press conference video here or on YouTube here , starting at 2:30 PM ET. Here are the projections. In December, the FOMC participants’ midpoint of the target level for the federal funds rate was 5.125%. The FOMC participants’ midpoint of the target range is now somewhat above 5.125%. Current Wall Street GDP tracking estimates show decent growth in Q1 (although there is a wide range of estimates).
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
MARCH 22, 2023
With the new tool, powered by Supernova, the firm's advisors can now source loans for clients without losing touch with the assets.
Calculated Risk
MARCH 22, 2023
Fed Chair Powell press conference video here or on YouTube here , starting at 2:30 PM ET. FOMC Statement: Recent indicators point to modest growth in spending and production. Job gains have picked up in recent months and are running at a robust pace; the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient.
Wealth Management
MARCH 22, 2023
A purported amendment wasn’t a qualified judicial reformation.
Advisor Perspectives
MARCH 22, 2023
Do advisors need to accept that technology will forever be a drag, or can the right approach lead to personal happiness and a more productive practice?
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
MARCH 22, 2023
Entrustody's Tony Stich discusses his belief that advisors and their clients deserve better.
A Wealth of Common Sense
MARCH 22, 2023
Today’s Animal Spirits is brought to you by YCharts: Enter your information here to get 20% off YCharts (new clients only) On today’s show, we discuss: The 72-hour scramble to save the United States from a banking crisis Why failed Silicon Valley Bank was an outlier The bank panic should not exist Prescriptive View: Three layers of Fed failure What gets lost when you rescue markets US Bank deposits fell $54B.
Wealth Management
MARCH 22, 2023
Bank-affiliated brokers and advisors can expect more scrutiny to ensure bank capital and managed assets are separated, according to bank watchers. But in the eyes of clients, that may make little difference.
NAIFA Advisor Today
MARCH 22, 2023
Uncertain market conditions make cash-value life insurance a valuable tool in the toolbox of investors and their planners, Jeff Snyder , a loyal NAIFA member since 2012 and Executive Vice President of Business Development and Insurance at Gateway Financial Advisors , writes in InsuranceNewsNet. Life insurance products are often overlooked in investment strategies, even though they offer tax advantages and competitive returns and can provide accelerated benefits for things like critical illnesses
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.
Wealth Management
MARCH 22, 2023
The sudden departure of president Marc Butler comes close on the heels of the exit of two other top executives.
Nationwide Financial
MARCH 22, 2023
The failures of Silicon Valley Bank and Signature Bank and concerns about the solvency of other U.S. regional banks dominated the attention of investors, business leaders, and consumers last week. The stresses in the banking system and ripple effects in the financial markets even overshadowed the incoming inflation data. However, inflation is not slowing as quickly as the Fed would like, leaving policymakers with a complicated decision this week on whether to hold rates steady given the emergent
Wealth Management
MARCH 22, 2023
Open, honest and candid discussions about the latest news in the RPA industry.
MarketWatch
MARCH 22, 2023
PacWest Bancorp PACW stock fell 13% in premarket trade Wednesday after it said it continues to have “solid liquidity” after borrowing from the federal government and getting a $1.4 billion injection from Atlas SP through a new senior asset-backed financing facility. The bank also canceled plans for a capital raise due to “current volatility in the market and depressed market prices for regional bank stocks, as well as the availability of other options to enhance capital.
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Wealth Management
MARCH 22, 2023
Bids for SVB's private bank subsidiary, with $17 billion in assets, are due to the FDIC on Wednesday night.
MainStreet Financial Planning
MARCH 22, 2023
Are you one of the few out there that might have saved too much for your child’s college into a tax-advantaged 529 savings plan? Not sure what to do with it now? I am sure you don’t want to take out the money for non -education expenses because then you will have to pay taxes and penalties. Um, no thank you. Education 529 plans allow you to change beneficiaries, so if you have any other family members needing college funds, that should be your first option.
Wealth Management
MARCH 22, 2023
Lessons for regulators from three weeks of financial mayhem.
MarketWatch
MARCH 22, 2023
Cardlytics Inc. CDLX said late Wednesday that its chief financial officer is resigning over the summer. Andy Christiansen told the company on Friday that his last day is July 21, but will remain for a transition period, the company said. The ad platform said it hired a firm to find a new CFO. Shares of Cardlytics were down 1% after hours, following a 15.2% drop in the regular session to close at $2.96.
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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?
Wealth Management
MARCH 22, 2023
Cannabis ETFs were among those posting the worst returns over the last year.
Good Financial Cents
MARCH 22, 2023
O ne of the issues that many people have been concerned with during this recession is what happens when a bank is seized by the FDIC. This is a matter of concern because the recession saw quite a few bank closings, and there are still hundreds of banks still on the FDIC watch list for potential failures. As of the March of this year according to the FDIC, there have been 565 bank closings since Oct 1st, 2000.
Wealth Management
MARCH 22, 2023
Among options, the government could play a role in lifting assets out of First Republic that have eroded its balance sheet.
eMoney Advisor
MARCH 22, 2023
Despite the global and market upheaval over the past few years, millions of Americans have started investing. And 60 percent of young investors (ages 18–34) began investing after 2020. 1 Generations Y (Millennials) and Z are seeking financial advice today and they are likely to pursue providers who meet their needs now. Although it may be difficult for some advisors to consider serving this not-yet-affluent group, advisory businesses that don’t take steps to target young investors could be
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