Calculated Risk
MARCH 23, 2023
The DOL reported : In the week ending March 18, the advance figure for seasonally adjusted initial claims was 191,000, a decrease of 1,000 from the previous week's unrevised level of 192,000. The 4-week moving average was 196,250, a decrease of 250 from the previous week's unrevised average of 196,500. emphasis added The following graph shows the 4-week moving average of weekly claims since 1971.
Wealth Management
MARCH 23, 2023
The situations with First Republic and SVB pose yet another cautionary tale for advisors affiliated with banks.
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Calculated Risk
MARCH 23, 2023
From Black Knight: Black Knight’s First Look at February 2023 Mortgage Data: Prepayments Rebound from All-Time Low; Overall Mortgage Delinquencies Inch Up As 30-Days Late Payments Rise • The national mortgage delinquency rate increased 7 basis points in February to 3.45% , but remains down 12.6% year over year • Prepayment activity (SMM) inched up to 0.35% – breaking a four-month streak of record lows, with relief likely to extend as the spring homebuying season takes hold • A 36K rise in overal
Wealth Management
MARCH 23, 2023
With this acquisition, the two firms now have a collective $21 billion in platform assets.
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Calculated Risk
MARCH 23, 2023
The Census Bureau reports New Home Sales in February were at a seasonally adjusted annual rate (SAAR) of 640 thousand. The previous three months were revised down. Sales of new single‐family houses in February 2023 were at a seasonally adjusted annual rate of 640,000 , according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
Wealth Management
MARCH 23, 2023
Recent MSCI data shows trouble brewing in the capital markets even before this month’s bank failures.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
MARCH 23, 2023
According to the SEC, Darryl Matthew Cohen steered the money for his own use and to fund his son’s basketball league.
Abnormal Returns
MARCH 23, 2023
Strategy Why isn't the stock market going down? (theirrelevantinvestor.com) Bonds have had a rough five years. Things are different moving forward. (morningstar.com) Novel Investor, "Investors must make bets on imperfect information to earn sought-after long-run returns." (novelinvestor.com) Crypto Why is Bitcoin going higher? (newsletter.mollywhite.net) Coinbase ($COIN) is at-risk if the SEC forces it to delist coins it believes to be securities.
Wealth Management
MARCH 23, 2023
Commercial real estate investors faced another Fed rate hike amid market volatility. Twitter is being sued for unpaid rent in Oakland, reported The Real Deal. These are among today’s must reads from around the commercial real estate industry.
Calculated Risk
MARCH 23, 2023
Today, in the Calculated Risk Real Estate Newsletter: New Home Sales at 640,000 Annual Rate in February Brief excerpt: And on prices, from the Census Bureau : The median sales price of new houses sold in February 2023 was $438,200. The average sales price was $498,700. The following graph shows the median and average new home prices. The average price in February 2023 was $498,700 down 4.5% year-over-year.
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 23, 2023
Merrill is making it easy and efficient for advisors to use video within their existing systems, but RIAs have a temporary advantage at creating human and heart-centered content.
Calculated Risk
MARCH 23, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Durable Goods Orders for February from the Census Bureau. The consensus is for a 1.2% increase in durable goods orders.
Wealth Management
MARCH 23, 2023
The London-based asset manager built on a European banking dynasty has opened an office in New York City.
Calculated Risk
MARCH 23, 2023
Today, in the Calculated Risk Real Estate Newsletter: More Good News for Homebuilders A brief excerpt: Last October I wrote: Some "Good News" for Homebuilders I noted: [T]he good news for the homebuilders is activity usually picks up quickly following an interest rate induced slowdown (as opposed to following the housing bust when the recovery took many years).
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 23, 2023
Rory O’Hara, founder of Ausperity Private Wealth, discusses his journey from cold-calling trainee at Merrill to building a business managing $500 million in client assets, to making the leap to independence as a young team.
The Reformed Broker
MARCH 23, 2023
Final Trades: AbbVie, Nike, FedEx & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
Wealth Management
MARCH 23, 2023
Make the most of available charitable tax deductions.
Nerd's Eye View
MARCH 23, 2023
Offering financial advice can mean many things for different financial advisors, and there are many reasons that advisors choose to join the planning profession. But for many advisors, the process of articulating their philosophies about financial advice and what it is the advisor stands for can be much more challenging than learning the technical aspects of financial planning.
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 23, 2023
The Bentonville, Arkansas-based company is paring jobs as it bolsters warehouse automation to reduce the cost of handling online purchases. The retailer has so far avoided the kind of mass layoffs underway at rival Amazon.com Inc., which this week said it would slash payrolls by another 9,000 jobs in addition to 18,000 recent cuts.
A Wealth of Common Sense
MARCH 23, 2023
A reader asks: My friend recently sent me an article saying that young people shouldn’t save money. The argument is based on the life-cycle model. It argues that in order to maximize happiness out of your income every year, and to avoid changes in standard of living throughout life, high income earners should not save at a young age, and instead it should be made up in middle ages.
Wealth Management
MARCH 23, 2023
Join 2,000+ senior wealth managers, thought leaders and decision makers at RIA Edge in Florida, May 21 – 24, 2023.
Million Dollar Round Table (MDRT)
MARCH 23, 2023
By Addie Murdock Since the MDRT Foundation began in 1959, the generosity of MDRT members funded the global grants programs that built stronger families and communities worldwide. The Foundation has awarded more than $40 million in grants in more than 70 countries since its inception. Fundraising has played a crucial role in providing these grants. During the past six decades, thousands of MDRT members volunteered their time and talent to come together for a few days a year, make phone calls and
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Wealth Management
MARCH 23, 2023
Tuesday, May 16, 2023 | 1:00 PM Eastern Daylight Time
Advisor Perspectives
MARCH 23, 2023
Yesterday, the Fed completed its regular meeting and announced that it would increase interest rates by 25 bps, or a quarter percentage point.
Wealth Management
MARCH 23, 2023
Wealth Management EDGE returns to Florida! Join 2,000+ wealth management leaders, 1,000+ advisors for a once in a lifetime bull market for advice.
MarketWatch
MARCH 23, 2023
Carvana Co.’s CVNA debt swap is “distressed” and “tantamount to default” if completed because it will result in bondholders receiving less than originally promised, S&P Global ratings analysts said Thursday. They lowered their rating on Carvana’s debt to CC, from CCC+, with a negative outlook. The outlook “reflects our expectation that we will lower our issuer credit rating on the company to ‘D’ (default) upon the completion of the proposed exchange offer,” S&P said.
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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 23, 2023
Join 2,000+ senior wealth managers, thought leaders and decision-makers at RIA Edge in Florida, May 21 – 24, 2023.
MarketWatch
MARCH 23, 2023
The Swiss National Bank, just days after rescuing Credit Suisse, said it is lifting its policy rate by a half point to 1.5%. “In doing so, it is countering the renewed increase in inflationary pressure. It cannot be ruled out that additional rises in the SNB policy rate will be necessary to ensure price stability over the medium term,” said the Swiss bank in a statement.
Wealth Management
MARCH 23, 2023
The decision by Sherrod Brown, an Ohio Democrat, is the latest setback for advocates of the bill, which would prohibit federal banking regulators from penalizing banks and other depository institutions for providing banking services to cannabis businesses.
MarketWatch
MARCH 23, 2023
The unions that represent workers at Walt Disney World said Thursday that they have reached an agreement with Walt Disney Co. DIS that will raise the minimum wage to $18 an hour this year. The agreement comes after almost 14,000 union members rejected Disney’s previous offer in February of a $17 minimum wage, the unions said in a news release. According to the Services Trades Council Union (STCU), which is made up of different unions representing 45,000 theme park workers, there will be a ratifi
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